Latest News:Global Electric Aircraft Market is estimated to reach USD 138.8 Billion by 2027

GLOBAL ELECTRIC AIRCRAFT MARKET: Summary

The Global Electric Aircraft Market is estimated to reach USD 138.8 Billion by 2027 at a CAGR of 3.5 %.

Electric aircraft are aircraft powered by electric motors. Ground power cables, batteries, solar cells, fuel cells, ultracapacitors, and power beaming are various methods used for supplying electricity to aircraft. The use of electric aircraft possesses advantages such as efficiency, reliability, reduce noise pollution, and better environmental effects, and among others which have made electric aircraft more popular.

ELECTRIC AIRCRAFT MARKET: Drivers & Restraints

Market Drivers:

  • Reducing Greenhouse Gas Emission

Aviation is one of the fastest growing sources for greenhouse gas emissions. Carbon dioxide is the largest component of aircraft emission. This eliminated gas mixes with the atmosphere causing global warming. However, changing the earth’s climate has shifted the focus towards a more efficient and cleaner form of transport, which in turn has boosted the use of electric aircraft. According to the International Air Transport Association (IATA), 2% of global carbon emission is by commercial aviation. Electric aircraft will help to reduce 50% of CO2 emission by reducing fuel use. Furthermore, aerospace firms are taking initiatives to reduce the growing contribution to greenhouse gas emission, by replacing the fuel engine with electric engines. Thus, the use of electric aircraft has helped to reduce greenhouse gas emissions, boosting the growth of the electric aircraft market.

Request Free Sample of Global Electric Aircraft Market @

https://www.forencisresearch.com/electric-aircraft-market-sample-pdf/

  • Increasing Initiatives to Reduce Fuel Consumption

According to Our World In Data, the global fossil fuel consumption in 2017 was 1,33,853.38 TWh, while their production is expected to decline as these are non-renewable energy resources. Reduce fuel consumption is one of the major concern in the aviation industry. However, the use of electric aircraft helps to reduce the fuel cost significantly, while simultaneously saving from hazardous fuel waste. Additionally, oil production price has peaked in recent year which has developed the need to replace the use of conventional fuel. However, electricity is cheaper than conventional fuel and has been incorporated in aircraft. Thus, owing to these factors, initiatives are made to reduce the fuel consumption which has expected to boost the growth of the electric aircraft market.

Market Restraint:

  • Significant Investment Incurred in Development of Electric Aircrafts

Research institutions such as NASA, and others along with aerospace firms are making investments in developing more efficient electric aircraft. Investment is required in different stages of the electric aircraft industry such as in research & development, system integration, manufacturing, and assembly stages. However, investment required in these stages are relatively higher owing to the higher precision required during the manufacturing of electric aircraft. Thus, investment incurred in development of electric aircraft may hinder the growth of market.

ELECTRIC AIRCRAFT Market: Key segments

  • Based on Type: Light Jet, and Ultra-light Jet
  • Based on Technology: All Electric, Full Hybrid, and More Electric Hybrid
  • Based on Application: Electric Motor, Batteries, Power Electronics, and Others
  • Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Consult with Analyst of Global Electric Aircraft Market @

https://www.forencisresearch.com/electric-aircraft-market-consult-with-an-analyst/

ELECTRIC AIRCRAFT Market: Report SCOPE

The report on the electric aircraft market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report FeaturesSpecificsHistorical/Estimated/Forecasted Market Size Years2019–2027Base Year for Market Calculation2019Forecasted Period2019–2027 (2020 estimated year, forecasted up to 2027)Measured UnitsValue (USD Million), Volume (Units)Segments IncludedType, Technology, Component, and RegionRegional CoverageNorth America, Europe, Asia-Pacific, Middle East & Africa, and South America

KEY Companies Covered

  • Eviation Aircraft (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
  • magniX
  • Pipistrel Group
  • AMPAIRE INC.
  • Bye Aerospace
  • Zunum Aero
  • Safran
  • Airbus S.A.S.
  • Volta Volaré, Inc.
  • Lilium GmbH
  • Boeing
  • Other Key Companies

Request for Methodology of Global Electric Aircraft Market @

https://www.forencisresearch.com/electric-aircraft-market-request-methodology/

ELECTRIC AIRCRAFT Market: report segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Electric Aircraft Market, by Type

  • Light Jet
  • Ultra-light Jet

Electric Aircraft Market, by Technology

  • All Electric
  • Full Hybrid
  • More Electric Hybrid

Electric Aircraft Market, by Component

  • Electric Motors
  • Battery
  • Power Electronics
  • Others

Electric Aircraft Market, by Region

  • North America
  • US
  • Canada
  • Mexico
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East & Africa
  • South America
  • Brazil
  • Argentina
  • Rest of South America

Purchase Global Electric Aircraft Market Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/electric-aircraft-market-purchase-now/

Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 Electric Aircraft Market By Type, Market Size In Usd Million & Units (2019–2027)

7 Electric Aircraft Market By Technology, Market Size In Usd Million & Units (2019–2027)

8 Electric Aircraft Market By Component, Market Size In Usd Million & Units (2019–2027)

9 Electric Aircraft Market By Region, Market Size In Usd Million & Units (2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

Contact Us

FORENCIS RESEARCH

Phone: +1 (720) 306 9020

Email: info@forencisresearch.com

For more market research insights, please visit https://www.forencisresearch.com

Data Bridge set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approach