Electric Aircraft Market: Current Status, Opportunities, and Future Prospects

The Global Electric Aircraft Market research study published by Emergen Research is an extensive collection of insightful information about the Electric Aircraft Market industry. The report covers the Electric Aircraft Market segmentation along with a detailed outline of the Electric Aircraft Market size with regards to volume and valuation. The report provides comprehensive coverage of the Electric Aircraft Market scenario for the current period and forecast timeline of 2022-2030. The Electric Aircraft Market report contains an in-depth analysis of the historical, current, and projected revenues for every industry vertical, segment, end-use industries, applications, and regions. 

The global electric aircraft market size was USD 7.80 Billion in 2021 and is expected to register a revenue CAGR of 15.5% during the forecast period. Advancements in power electronics and batteries is a key factor driving market revenue growth. The logistics industry has been working to achieve zero-emission logistics because it is concerned about emissions produced by cargo flights. Logistics industry stakeholders are investing in electric means of transportation to lower their carbon impact. As a result, use of all-electric aircraft as a means of transportation in logistics creates new opportunities for electric aircraft producers. Logistics are transported by cargo or freight aircraft, which can be flown by commercial passengers, cargo airlines, private citizens, or national armed forces.

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However, insufficient energy density of batteries is one of the main hurdles flight manufacturers of electric aircraft must overcome. Watt-hours per kilogram (Wh/kg) are commonly used to express energy density for propulsion in airplanes. The energy density of current lithium-ion batteries is about 250 Wh/kg, which is significantly less than the energy density offered by regular jet fuel or kerosene, over 12,000 Wh/kg.

Target Audience of the Global Electric Aircraft Market Report:

Key Market Players

Investors

Venture capitalists

Small- and medium-sized and large enterprises

Third-party knowledge providers

Value-Added Resellers (VARs)

Global market producers, distributors, traders, and suppliers

Research organizations, consulting companies, and various alliances interested in this sector

Government bodies, independent regulatory authorities, and policymakers

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Major Geographies Analyzed in the Report:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Competitive Outlook:

The global Electric Aircraft market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector.  The global Electric Aircraft market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.

Leading manufacturers profiled in the report:

Eviation Aircraft, Airbus SE, Pipistrel, Lilium GmbH, Elbit Systems Ltd., Israel Aerospace Industries, Aerovironment Inc., Joby Aviation Inc., Vertical Aerospace Group Ltd., and Ehang Holdings Ltd.

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Market Overview:

The report bifurcates the Electric Aircraft market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Emergen Research has segmented the electric aircraft market based on type, system, application, and region:

• Type Outlook (Revenue, USD Billion; 2019–2030)

  • Hybrid Wing
  • Fixed Wing
  • Rotary Wing

• System Outlook (Revenue, USD Billion; 2019–2030)

  • Aero-structures
  • Avionics
  • Batteries
  • Software
  • Electric Motors
  • Others

• Application Outlook (Revenue, USD Billion; 2019–2030)

  • Civil
  • Military

Key Features of the Electric Aircraft Market Report:

The report offers details about key drivers, restraints, opportunities, challenges, growth prospects, limitations, and threats

The report encompasses details about the key companies, product portfolio along with specifications, production valuation, and market shares

Evaluation of key current and emerging market trends and growth prospects

It also offers research-backed estimations for the forecast period of eight years, primarily to estimate the potential market growth

Brief overview of industry with regards to research and development, technological advancements, and product development

In-depth assessment of upstream raw materials, downstream buyers, demands, and current market scenario

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