A recent report published by QMI on electric jet market is a detailed assessment of the most important market dynamics. After carrying out thorough research of electric jet market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for electric jet during the forecast period. It can enable manufacturers of electric jet to change their production and marketing strategies in order to envisage maximum growth.
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According to the report, the electric jet market growth is expected to gain high momentum during the forecast period due to the exhausting and depleting energy resources. Also, the growth of the aviation market has put a positive impact on the electric jets market.
Due to depleting conventional sources of energy as well as pollution caused by them, consumers are now switching to cleaner sources of energy. According to the Air Traffic Pollution and Control (ATPAC), the aviation industry produces 2% of the world’s total carbon emission.
Electric jets use renewable energy sources as compared to traditional jets, which use conventional sources of energy. In addition, compared to traditional jets, electric jets are economical. Thus, the global electric jet market is expected to rise steadily during the forecast period, due to its environmental and cost benefits. These jets can be powered by batteries, solar cells, solar power etc.
Segmentation for better understanding of this market and its growth prospects:
The electric jet market is segmented based on aircraft type, component, technology, and power density.
The aircraft type segment is further segmented into light jet and ultralight aircraft. Due to the cost-effective design of these ultralight jets, their demand has increased.
The component segment is further divided into the electric motor, battery, and others. These are crucial components, as they power aircraft.
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Important Factors Impacting Market Growth:
o Decreasing exhaustible and conventional sources of energy
o No harmful emissions such as carbon monoxide, methane, etc.
o Awareness among end-users of harmful effects of jets run on conventional sources of energy
o Electric jets have less noise
o Growth of the aviation market
o Rising demand for military carriers
o Preference for air travel
Significant Developments:
o In 2017, Airbus AE (Singapore), Siemens AG (Germany), and Rolls Royce (UK) manufactured an electric plane called E-FAN X with 100 seats in collaboration.
o The Norway Government has issued guidelines to aircraft manufacturers to build a 30-seat airliner powered by electric motors.
Regional segmentation and analysis to understand growth patterns:
The Global Electric Jet Market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of the key factors governing the demand for the global electric Jet market during the forecast period. Major countries in these regions include the US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region. The Asia Pacific is estimated to be the fastest-growing region with increasing expenditure on defense and space research. With the presence of some of the fastest-growing economies including India and China, this region is projected to be a major market for global electric jet during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for the global electric jet market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of the World is an emerging market for the global electric jet with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.
Companies Covered: Yuneec International, Zunum Aero, PC Aero, Pipistrel, Lilium, Eviation Aircraft, Schempp-Hirth, Volta-Volar�, Electric Aircraft Corporation, and Bye Aerospace
Market Segmentation:
By Aircraft Type:
Light Jet
Ultralight Aircraft
By Component:
Electric Motor
Battery
Others
By Technology:
Hybrid
All Electric
By Power Density:�
More than 500 Km
Less than 500 Km
By Region:
North America
By Country (US, Canada, Mexico)
By Aircraft Type
By Component
By Technology
By Power Density
Western Europe
By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
By Aircraft Type
By Component
By Technology
By Power Density
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Aircraft Type
By Component
By Technology
By Power Density
Asia Pacific
By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
By Aircraft Type
By Component
By Technology
By Power Density
Middle East
By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
By Aircraft Type
By Component
By Technology
By Power Density
Rest of the World
By Region (South America, Africa)
By Aircraft Type
By Component
By Technology
By Power Density
Reasons to Buy This Report:
Market size estimation of the global electric jet market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
By Segment
By Sub-segment
By Region/Country
Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109,
Pune, Maharashtra 411028
Phone: +91 7066725858 / +1 208 405 2835 / +44 121 364 6144
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com
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