Electric Aircraft Market Research Report – Forecast to 2023

Electric Aircraft Market 2018
Industry Survey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
Market Research Future
(Part of Wantstats Research & Media Pvt. Ltd.)
Electric Aircraft Market 2018
Electric Aircraft Market 2018: Industry Survey, Growth, Competitive
Landscape and Forecasts to 2023
An electric aircraft is an aircraft power-driven by electric motors. Electric energy may be supplied by
several methods, including ground power cables, batteries, solar cells, power beaming ultracapacitors, and fuel cells. Increase in per capita income has led to a continuous rise in the number
of air passengers over the past few years. This has driven the demand for aircraft, which, in turn, is
driving the growth of the electric aircraft market. Electric aircraft manufacturers are looking forward
to developing electric-powered aircraft that will consume no fuel, emit no CO2 or NOx, and will be
considerably quieter as compared to the traditional gas-powered aircraft.
Rising fuel prices have become a major concern for the aircraft companies. This is impelling them to
look for alternatives to conventional fuel sources. Thus, the focus on electrical energy as an ecofriendly and efficient alternative to conventional fuel may increase the electric aircraft market
demand over the forecast period. The use of electric aircraft will help in reducing noise, air, and
ground pollution. This results in minimizing the hazards of global warming. This is estimated to drive
the demand for the electric aircraft market.
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Electric Aircraft Market 2018
“Taste the market data and market information presented through more than
50 market data tables and figures spread in 100 numbers of pages of the
project report. Avail the in-depth table of content TOC & market synopsis on
“Electric Aircraft Market Research Report - Global Forecast 2023”
Electric aircraft are very innovative with respect to functioning and technology. An electric aircraft
consists of a variety of autonomous electric components and systems, including structural
components, smart skin, and printed electronics. The electric aircraft market growth is propelled by
the rise in usage of these autonomous systems. The decrease in the operational & maintenance
costs and the remarkable increase in aircraft deliveries have been a few other major factors spurring
the electric aircraft market demand.
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Electric Aircraft Market 2018
Segmentation:
This study provides an overview of the global Electric Aircraft Market, tracking four market segments
across five geographic regions. The report studies key players, providing a five-year annual trend
analysis that highlights market size, volume and share for North America, Europe, Asia Pacific
(APAC) and the Middle East & Africa, and Latin America. The report also provides a forecast,
focusing on the market opportunities for the next five years for each region. The scope of the study
segments the global Electric Aircraft market by its Technology, Power Source, Range, Application,
and Region.
According to MRFR, the global Electric Aircraft Market is estimated to witness a CAGR of more than
4% during the forecast period from 2018 to 2023.
The electric aircraft market is an emerging market with fewer multinational and regional
manufacturers and suppliers. These multinational players offer heterogeneous products and
services. These products may sometimes be customized, particularly when it comes to military
aircraft. The electric aircraft market is highly capital driven and completely based on technological
developments, quality, cost, and reliability of the components. To gain a competitive advantage, the
major vendors in the market respond and identify the evolving trends in geopolitical situations.
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Electric Aircraft Market 2018
Application & Major Players in this Research:
Electric Aircraft Market Prominent Players:
Bye Aerospace (U.S.),
DeLorean Aerospace (U.S.),
Eviation Aircraft (Israel),
Electric Aircraft Corporation (U.S.),
Lilium (Germany),
PC Aero (Germany),
Pipistrel (U.K),
Siemens (Germany), Schempp-Hirth (Germany),
Volta-Volaré (U.S.), Yuneec International (China), and Zunum Aero (U.S.).
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Electric Aircraft Market 2018
Electric Aircraft Market Competitive Analysis
Commenting on the report, an analyst from Market Research Future
(MRFR)’s team said:
North America is estimated to be a prominent region for the electric aircraft
market during the forecast period. Rise in the developments in the military
sector, such as the procurement of lightweight aircraft and innovative military
jets, is expected to increase the demand for the electric aircraft market in
North America. In Asia Pacific, India and China are expected to grow at a
significant rate, during the forecast period, as these countries follow the
Environmental Protection Agency (EPA) and International Civil Aviation
Organization (ICAO) emission norms to combat air pollution.
Hence, there is potential for use of electric aircraft for air transport in this
region. Investments in lightweight components, highly efficient power
electronics, and highly competent batteries drive the demand for the market.
In addition, support from governments, in terms of tax benefits and subsidies,
will support the growing demand throughout the forecast period.
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Global Electric Aircraft Market by Technology (Hybrid Aircraft, All Electric Aircraft), Power Source (Battery, Solar Cells, Fuel Cells, Others), by Range (Less than 600 Km, More than 600 Km), Application (Commercial, Military), and by Region - Forecast Till 2023

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