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Electric Aircraft Market

Electric Aircraft Market by Platform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), by System (Batteries, Electric Motors, Aero structures, Avionics, Software), by Type, by Technology, by Application, and by Region | Global Market Forecast to 2028-2028

Report Id: SNS/A&D/1113 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Electric Aircraft Market Size was valued at USD 8.21 billion in 2021 and is expected to reach USD 25.18 billion by 2028, and grow at a CAGR of 15.1% over the forecast period 2022-2028.

The market for electric aircraft is expanding, as OEM airlines understand the potential benefits of design, such as increased environmental efficiency, reduced support costs, and improved reliability through the use of modern power electronics and slow-moving air components in engine installation. Additional short-range electric aircraft are expected to operate in local transportation in the coming years. More electric aircraft can prove military demand in the coming years, thanks to the ability to maintain these aircraft given self-control in their quiet operation. The same applies to military UAVs, which are acquired through ISR operations.

Electric Aircraft Market Revenue Graph

MARKET DYNAMICS

KEY DRIVERS

  • Environment pollution control.

  • Carbon-dioxide emissions.

  • electric aircraft

RESTRAINTS

  • Low energy density of batteries.

  • Time Consuming

  • Lack of skills

OPPORTUNITIES

  • zero-emission aircraft's

  • Electric aircraft

  • Heavy  logistics

CHALLENGES

  • High cost

  • Labour

  • Hardware

  • Technology

THE IMPACT OF COVID-19

The COVID-19 pandemic has mostly impacted the electric aircraft industry. Many more electric aircraft market businesses were forced to halt production due to international border closures and air travel restrictions. This pause in commercial activity has a direct impact on the earnings of the increasingly electric aircraft industry. Despite the fact that some enterprises continued to operate, delays in raw material deliveries and a limited stock of manufactured items covered the creation and reduced capacity utilization rates.

The aviation industry's short-term outlook will ultimately be determined by how quickly governments quell the flare-up and how beneficial their efforts are. Postponements in aircraft conveyances and cancellations of current requests have had a significant impact on aircraft manufacturers worldwide.

COMPETITIVE LANDSCAPE

The worldwide electric aircraft market's competitive landscape is concentrated, with a few key competitors competing at the global and regional levels. Product development and strategic partnerships are being pursued by key companies in order to extend their individual product portfolios and achieve a strong foothold in the global market. Airbus, Yuneec Holding Limited, Pipistrel Group, Bye Aerospace, Digisky S.R.L, Leonardo S.p.A., Groupe Gorgé, EHang Holdings Limited, Faradair Aerospace Limited, and Boeing are among the market's major players.

KEY MARKET SEGMENTS:

By System

  • Batteries

  • Electric Motors

  • Aerostructures

  • Avionics

  • Software

  • Others

By Platform

  • Regional Transport Aircraft

  • Business Jets

  • Light & Ultralight Aircraft

By Application

  • Civil

  • Military

By Technology

  • CTOL

  • STOL

  • VTOL

By Type

  • Fixed Wing

  • Rotary Wing

  • Hybrid Wing

Electric Aircraft Market Segment Chart

REGIONAL ANALYSIS

the European airline holds the largest share of revenue by 2021. The region quickly adopted advanced materials, such as gamma-titanium aluminide. This value enhances mechanical transformation features and reduces fuel consumption, carbon emissions, and noise levels. The presence of a number of key market players, as well as their increasing investment in research and development activities, is driving the growth of the commercial aviation market in various regions. Regulatory bodies, such as the European Union Aviation Safety Agency, have focused on reducing air pollution levels, and this has encouraged market growth in the European region. The economic conditions of the people in this region are better compared to other regions, therefore, they can afford short-distance electric aircraft. The market in North America is expected to grow at a significant rate during the forecast period. In the North American region, electric aircraft are increasingly being distributed by urban airflow, and this feature is expected to further market growth in the region. Many environmentalists travel short distances by electric aircraft and this furthers the demand for the product. The presence of a few key market players and their growing investment in research and development activities are factors that drive the growth of the aviation market in the Asia Pacific region. The growing growth in the aviation industry is encouraging the demand for electric aircraft in countries such as India. In addition, China and Japan are expected to play a significant role in revenue growth in the Asia Pacific region.

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Electric Aircraft Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 8.21 Billion
Market Size by 2028 US$ 25.18 Billion
CAGR CAGR of 15.1% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By System (Batteries, Electric Motors, Aerostructures, Avionics, Software, Others)
• By Platform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft)
• By Application (Civil, Military)
• By Technology (CTOL, STOL, VTOL)
• By Type (Fixed Wing, Rotary Wing, Hybrid Wing)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Airbus, Yuneec Holding Limited, Pipistrel Group, Bye Aerospace, Digisky S.R.L, Leonardo S.p.A., Groupe Gorgé, EHang Holdings Limited, Faradair Aerospace Limited, and Boeing are among the market's major players.
Key Drivers • Environment pollution control.
• Carbon-dioxide emissions.
RESTRAINTS • zero-emission aircraft's
• Electric aircraft


Frequently Asked Questions (FAQ) :

Zero emission aircraft's and Electric aircraft and Heavy  logistics

Low energy density of batteries and Time Consuming and Lack of skills

The COVID-19 pandemic has mostly impacted the more electric aircraft industry. Many more electric aircraft market businesses were forced to halt production due to international border closures and air travel restrictions. This pause in commercial activity has a direct impact on the earnings of the increasingly electric aircraft industry.

Environment pollution control and Carbon-dioxide emissions and electric aircraft

Yes, this report cover top down , bottom up Quantitative Research. Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s  Analytical research, And other as per report requirement.


Table of Contents


1. Introduction
1.1 Market Definition 
1.2 Scope
1.3 Research Assumptions
 
2. Research Methodology
 
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
 
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine War
5. Value Chain Analysis
 
6. Porter’s 5 forces model
 
7.  PEST Analysis
  
8. Electric Aircraft Market, By System
8.1 Batteries
8.2 Electric Motors
8.3 Aero structures
8.4 Avionics
8.5 Software
8.6 Others

9. Electric Aircraft Market, By Platform
9.1 Regional Transport Aircraft
9.2 Business Jets
9.3 Light & Ultralight Aircraft

10. Electric Aircraft Market, By Application
10.1 Civil
10.2 Military

11. Electric Aircraft Market, By Technology
11.1 CTOL
11.2 STOL
11.3 VTOL

12. Electric Aircraft Market, By Type
12.1 Fixed Wing
12.2 Rotary Wing
12.3 Hybrid Wing

13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2    Canada
13.2.3    Mexico
13.3    Europe
13.3.1    Germany
13.3.2    UK
13.3.3    France
13.3.4    Italy
13.3.5    Spain
13.3.6    The Netherlands
13.3.7    Rest of Europe
13.4    Asia-Pacific
13.4.1    Japan
13.4.2    South Korea
13.4.3    China
13.4.4    India
13.4.5    Australia
13.4.6    Rest of Asia-Pacific
13.5    The Middle East & Africa
13.5.1    Israel
13.5.2    UAE
13.5.3    South Africa
13.5.4    Rest
13.6    Latin America
13.6.1    Brazil
13.6.2    Argentina
13.6.3    Rest of Latin America

14. Company Profiles
14.1 HITACHI LTD.
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 AB VOLVO
14.3 CATTERPILLAR INC.
14.4 CNH INDUSTRIAL N.V
14.5 DEERE AND COMPANY
14.6 DOOSAN INFRACOE CO.LTD
14.7 J C BAMFORD EXCAVATORS. LTD.
14.8 KOMATSU LTD.
14.9 Liebherr-international AG
14.10 XCMG GROUP

15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments

16. Conclusion
 

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Secondary Research

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