Global Electric Aircraft Market was valued US$ 96.3 Mn in 2016 and is estimated to reach US$ 130.34 Mn by 2026 at a CAGR of about 4.56% during a forecast period.
Electric Aircraft Market is segmented by aircraft type, component, technology, power density, application, and region. The aircraft type is segmented by ultra-light aircraft, light jet. A component is divided into battery, electric motor, other. Technology is split is hybrid and all electric. Power density is classified as less than 500 KM, more than 500 KM. application are classified are Commercial & Military. Region wise divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Electric aircraft market help in reducing air, noise & ground pollution. In addition to this, use of electric aircraft results in lessening hazards of global warming driving Electric Aircraft Market demand. Growth in per capita income has resulted in a constant increase in the number of air passengers over the earlier few years. It drives the demand for aircraft, which in turn is driving the growth of the light Electric Aircraft Market. An electric aircraft is powered by electric motors where the electricity may be supplied through various methods including, ground power cables, ultracapacitors, batteries, power beaming, and solar cells. Manufacturers are trying to develop electric-powered aircraft that will consume no fuel, emit no NOx or CO2 and will be substantially quieter than gas powered airplanes.
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Based on the power density, the less than 500 km segment is anticipated to lead the electric aircraft market during the forecast period. Aircraft can achieve higher range with the introduction of advanced and high capacity batteries in the market. As a result, the electric aircraft with increased range was launched for commercial use. The ultra-light electric aircraft available in the market mostly have power density from 0 to 500 km.
On the basis of a component, the battery segment of the electric aircraft market is estimated to witness the highest growth during the forecast period. Batteries and other storage devices can be installed in the primary structure of the electric aircraft, most electric powered aircraft use lithium-ion batteries. These batteries are economic and can be scaled to build larger systems of several hundred kWh energy capacities.
In terms of region, North America is expected to be a major region for Electric Aircraft Market. Growing military upgrades, such as the purchase of unmanned aerial vehicles, and advanced military jets are expected to increase demand for Electric Aircraft Market in North America during the forecast period
Some of the key players in the electric aircraft market are Tttech Computertechnik AG, Safran SA, Raytheon Company, The Boeing Company, Bombardier Inc., The Airbus Group, Zodiac Aerospace SA, Honeywell International, Inc., Thales Group, and United Technologies Corporation among others.
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The Scope of the Global Electric Aircraft Market:
Global Electric Aircraft Market, By Aircraft Type
• Ultra-light Aircraft
• Light Jet
Global Electric Aircraft Market, By Component
• Battery
• Electric Motor
• Others
Global Electric Aircraft Market, By Technology
• Hybrid
• All Electric
Global Electric Aircraft Market, By Power Density
• Less than 500 KM
• More than 500 KM
Global Electric Aircraft Market, By Application
• Commercial
• Military
Global Electric Aircraft Market, By Region
• North-America
• Europe
• Latin America
• Middle East
• Asia Pacific
Key players operating in the Global Electric Aircraft Market:
• Zunum Aero
• Yuneec International
• PC Aero
• Pipistrel
• Eviation Aircraft
• Lilium
• Schempp-Hirth
• Volta-Volaré
• Bye Aerospace
• Electric Aircraft Corporation
• DeLorean Aerospace
• Joby Aviation
• Siemens
• Evektor
• Boeing
• Safran
• Airbus
• Raytheon
• Honeywell International Inc.
MAJOR TOC OF THE REPORT
Chapter One: Electric Aircraft Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Electric Aircraft Market Competition, by Players
Chapter Four: Global Electric Aircraft Market Size by Regions
Chapter Five: North America Electric Aircraft Revenue by Countries
Chapter Six: Europe Electric Aircraft Revenue by Countries
Chapter Seven: Asia-Pacific Electric Aircraft Revenue by Countries
Chapter Eight: South America Electric Aircraft Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Electric Aircraft by Countries
Chapter Ten: Global Electric Aircraft Market Segment by Type
Chapter Eleven: Global Electric Aircraft Market Segment by Application
Chapter Twelve: Global Electric Aircraft Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Electric Aircraft Market Report at: https://www.maximizemarketresearch.com/market-report/electric-aircraft-market/11055/#details
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