DUBLIN--(BUSINESS WIRE)--The "Electric Aircraft Market Analysis by Type, by Component, by Technology, by Range and Application and Segment Forecasts to 2027" report has been added to ResearchAndMarkets.com's offering.
The global electric aircraft market size is expected to grow at a CAGR of 35.76% to reach USD 1.27 billion by 2027, from USD 110.23 million in 2019
Growing awareness about aviation emissions as well as increasing penetration of manufacturers in electric aircraft industry are likely to create growth opportunities for the market.
In addition to providing the capability to minimize CO2 emissions, electrical systems are also likely to unlock the ability for more energy-efficient aircraft and brand-new architectures. Based on a report, if all domestic air transport in Norway could be converted into electricity, there is a potential to reduce CO2 equivalent emissions by 1.2 million tons. Emissions of greenhouse gases as well as nitrous oxides NOx, hydrocarbons and particulate matter are likely to be removed by conversion to electricity.
A main revenue generating region during the forecast period is Asia Pacific. The regional market revenue is expected to hit USD 67.64 million by 2027. Manufacturers in the Asia Pacific region are also attempting to launch their aircraft to the market. China announced mass production of its electric two-seater aircraft in 2017: the RX1E. The RX1E is expected to travel 90 minutes with a fully charged battery, a maximum takeoff weight of 480 kg and a cruise speed of up to 160 kilometers per hour. A broad variety of services, including police patrols, entertainment, flight training, and mapping surveys, are planned to be served by this electric aircraft.
Further Key Findings From the Report Suggest
- One of the fastest growing components of the electric aircraft market is expected to be the aircraft battery. Due to their light weight, much higher energy density, longer cycle life, and capacity to provide deep discharges, aircraft usually use lithium-ion batteries. However, short-term bottlenecks in the supply of certain key metals especially cobalt, used in the production of these batteries, are likely to push demand away from Li-ion batteries to lithium Sulphur Li-S batteries.
- Asia Pacific region has witnessed increased investment by leading investment groups in electric aircraft. For example, EDBI, Singapore's corporate investor, recently announced it would join Intel Capital and Capricorn Investment Group to finance Joby Aircraft's all-electric vertical take-off and landing eVTOL passenger aircraft.
- Key participants include Airbus, Bye Aerospace, Eviation, Faradair Aerospace Limited, Yuneec International, Zunum Aero, Pipistrel, Digisky, and XTI Aircraft Company. Boeing is a leading player in the electric aircraft market. Recently, the company partnered with Japanese government to develop novel technologies for light-weight next generation aircraft.
Key Topics Covered:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2026
Chapter 3. Indicative Metrics
3.1. Macro Indicators
3.1.1. Total fuel consumption of commercial airlines
3.1.2. Fuel impact on operating cost of airlines
3.1.3. Increasing aviation oil consumption
3.1.4. Rising greenhouse gas emission
3.1.5. Increasing demand for air travel
Chapter 4. Electric Aircraft Market Segmentation & Impact Analysis
4.1. Electric Aircraft Segmentation Analysis
4.2. Regulatory Framework
4.3. Technological Insights
4.4. Classification of electrically-propelled aircraft projects
4.5. Electric Aircraft Market Impact Analysis
4.5.1. Market driver analysis
4.5.1.1. Better efficiency and MRO
4.5.1.2. Reduced carbon-dioxide emission
4.5.2. Market restraint analysis
4.5.2.1. Battery Performance
4.6. Key opportunities prioritized
4.7. Porter's Five Force Analysis
4.8. PESTEL Analysis
Chapter 5. Electric Aircraft Market By Type Insights & Trends
5.1. Type Dynamics & Market Share, 2018 & 2026
5.2. Ultra-light Aircraft
5.3. Light jet
Chapter 6. Electric Aircraft Market By Component Insights & Trends
6.1. Component Dynamics & Market Share, 2018 & 2026
6.2. Aircraft Battery
6.3. Electric Motors
6.4. Others
Chapter 7. Electric Aircraft Market By Technology Insights & Trends
7.1. Technology Dynamics & Market Share, 2018 & 2026
7.2. Hybrid Aircraft
7.3. All Electric Aircraft
Chapter 8. Electric Aircraft Market By Range Insights & Trends
8.1. Range Dynamics & Market Share, 2018 & 2026
8.2. Less than 500kms
8.3. 500-1000kms
8.4. More than 1000kms
Chapter 9. Electric Aircrafts Market Regional Outlook
9.1. Electric Aircrafts Market share by region, 2018 & 2026
Chapter 10. Competitive Landscape
10.1. Market Revenue Share by Manufacturers
10.2. Manufacturing Cost Breakdown Analysis
10.3. Mergers & Acquisitions
10.4. Market positioning
10.5. Strategy Benchmarking
10.6. Vendor Landscape
Chapter 11. Company Profiles
- Zunum Aero
- Yuneec International
- Pipistrel
- Bye Aerospace
- Digisky
- Eviation
- Faradair Aerospace Limited
- Airbus
- XTI Aircraft Company
For more information about this report visit https://www.researchandmarkets.com/r/2pdoji
