Global Electric Aircraft Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2026

MarketResearch.biz delivers in-depth insights on the global electric aircraft market in its upcoming report titled, “Global Electric Aircraft Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global electric aircraft market is estimated to register a CAGR of XX.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2026. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global electric aircraft market report has been segmented on the basis of type, component, power density and region.

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Electric aircraft are aircrafts that are power driven by electric motors. Power requirements for electric aircrafts are supplied by ground power cables, batteries, solar cells, fuel cells and power beaming. In addition, the components of electric aircraft have ability to produce electricity by use of alternators or generators. Output of generator used in electric aircraft is 115-120V/400HZ AC, 28V DC or 14V DC normally and this output is further used to charge battery of aircraft. Batteries of electric aircraft are usually made of NICAD or lead-acid but majorly lithium ion batteries are used.

Various advantages of electric aircraft over conventional aircrafts and low cost of ownership are the major factors driving growth of the global electric aircraft market over the forecast period. Reduced aircraft operating of electric aircrafts coupled with less maintenance costs are other factors supporting growth of the global market. In addition, greater torque from electric motors in electric aircraft increases safety as there are reduced chances of mechanical failure and fire in case of collision. Furthermore, electric aircraft is quiet and causes less vibration as compared to conventional aircrafts. Electric aircraft also provides environmental as well as cost reduction benefits which can increase number of end users resulting in growth of the target market in the near future.

However, fly time of electrical aircraft is limited to approximately 30 minutes owing to limited battery output capacity, which may hamper growth of the target market over the forecast period.

Development of electric aircrafts that are power efficient and made of light weight components can create potential revenue opportunities for target players in the global market.

Currently, the market in North America dominates the global electric aircraft market in terms of revenue and is expected to maintain its dominancy over the forecast period, owing to presence of key manufacturers, technological advancements, and rising environmental concerns in countries in the region. In addition, manufacturers in Europe are engaged in development of new technologies and advanced materials such as gamma-titanium aluminides and single crystals, enhances mechanical properties, and regenerative soaring, which can improve efficiency of electrical aircrafts.

Global electric aircraft market segmentation:

By type:

• Ultralight Aircraft
• Light Jet

By component:

• Battery
• Electric Motor
• Others

By power density:

• Less than 500 KM
• More than 500 KM

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

• Zunum Aero Inc.
• Yuneec International Co. Ltd.
• PC-Aero Elektra One
• Pipistrel d.o.o Ajdovščina
• Eviation Aircraft Ltd.
• Lilium GmBH
• Schempp-Hirth Flugzeugbau GmbH
• Volta-Volaré Inc.
• Bye Aerospace Inc
• Electric Aircraft Corporation