Guidehouse Insights Report Forecasts Significant Growth in the Electric Aircraft Market with Revenue Expected to Surpass $28 Billion Annually by 2035

Market barriers include energy and workforce infrastructure constraints, as well as consumer acceptance and defining a regulatory approval process

BOULDER, Colo.--(BUSINESS WIRE)--A new report from Guidehouse Insights analyzes the global market for electric aircraft (EA) in three key segments through 2035 and provides an analysis of the market issues, opportunities, and adoption challenges associated with EA.

EA have existed in small numbers since the early 1970s, mostly as experiments. Today, they are being developed by a diverse group of manufacturers in nearly every size, from single-seat personal flight pods to 180-plus passenger aircraft designed for long-distance zero emissions flights. According to a new report from Guidehouse Insights, the electric aircraft market is anticipated to experience significant growth with revenue expected to surpass $28 billion annually by 2035.

“Factors driving the development of EA range from reductions in operating costs, CO₂, and noise pollution to government regulation and social issues surrounding the current aviation fleet,” says Christian Albertson, senior research analyst with Guidehouse Insights. “Although aviation accounts for only 2%-3% of global CO₂ contribution, the European Commission has set the goal of a 75% reduction in CO₂ per seat kilometer and 90% reduction of nitrogen dioxide by 2050. Even with more fuel-efficient conventional engines and airframes, the aviation industry would not be able to reach these goals without electrification and operation.”

Challenges to the EA market are numerous. Issues of battery size, weight, and range are determining the designs and purpose of the aircraft, while charging infrastructure and lack thereof is determining where the aircraft can fly. Personnel who work with these aircraft require upgraded training to ensure operations and maintenance are completed safely. Governments around the world must agree on safety standards and regulations to allow these aircraft to fly the same routes that conventional powered aircraft do today.

The report, Aviation Electrification, analyzes the global market for EA in three key segments: aircraft seating up to six passengers, seven to 20 passengers, and 21 passengers and more. The study provides an analysis of the market issues, opportunities, and adoption challenges associated with EA. Global market forecasts for aircraft sales are broken out by segment and extend through 2035. The report also examines the key technologies and manufacturers related to EA, as well as the competitive landscape. An executive summary of the report is available for free download on the Guidehouse Insights website.

About Guidehouse Insights

Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About Guidehouse

Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 10,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.

* The information contained in this press release concerning the report, Aviation Electrification, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.