LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global hybrid aircraft market report. This market research report also lists four other prominent vendors that are expected to impact the market during the forecast period.
Competitive vendor landscape
According to the research analysis, the market for global hybrid aircraft market is a niche market with very few multinational stakeholders and negligible regional suppliers. These multinational players offer heterogeneous products and services, including customized products. As the market is highly capital intensive and completely based on technological advancements, cost, quality, and reliability, the number of vendors are limited. Suppliers in the Americas and EMEA have been involved in extensive research for over decades and have dominated the market with their technical expertise.
“The existing key vendors in the market should identify and respond to the evolving trends of geopolitical situations to ensure their long-term survival in the market. These players can offer optimum and integrated solutions in response to environmental protection activities and ensure their large-scale utility. Also, providing unmanned hybrid aircraft that can take the workload off pilots and airships can take over missions with high levels of accuracy and persistence,” says Avimanyu Basu, lead aerospace research analyst from Technavio.
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Technavio aerospace and defense market research analysts identify the following key vendors:
Aeros manufactures products for both military and commercial applications. Aeros in global hybrid aircraft market, offers Aeroscraft, which was developed mainly for cargo transport. Aeroscraft has also found its large-scale application in delivering supplies for disaster relief to small-scale applications like picking fresh fruits and vegetables in the fields of California’s Central Valley for an overnight delivery to New York City's restaurants.
In the hybrid aircraft market, one of Airbus's latest development is E-mobility, which aims at producing silent and CO₂-free flight. Airbus's E-Fan is a key element in the Airbus Group’s electric aircraft roadmap. With its technological breakthroughs and tie up with Siemens, Airbus is expected to manufacture passenger aircraft by 2030 with below 100 seats that could be propelled by hybrid propulsion systems.
Boeing is focused on making airplanes that are sustainable in the long run and are more environmentally friendly. They mainly involve electric planes or aircraft using biofuels as an energy source. Boeing aims to reduce fuel burn, nitrous oxide emissions, greenhouse gases, noise, and field length. It also aims at making Canada its hub for aviation biofuels.
Hybrid Air Vehicles (HAV)
HAV focuses on creating a new mode of air transport that will offer major improvements in operating cost, safety, environmental impact, and operational flexibility. HAV combines LTA technology with helicopters and airplanes. HAV's hybrid airships use aerodynamics and LTA technology to generate lift and potentially allow the vehicle to hover for several weeks.
Lockheed Martin engages in the production, supply, and R&D of advanced technology systems, products, and services to global defense and aerospace industries. Lockheed Martin's hybrid airship aims to provide support to a wide range of activities in areas with little or no infrastructure. The company clearly indicates its plans to employ aviation solutions to access remote locations. It also directs its efforts to address the challenge of environmental sustainability through its hybrid designs.
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Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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