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    Electric Aircraft Market - Size, Share, Trend & Forecast Analysis | Covid-19 Impact Analysis

    Electric Aircraft Market - Size, Share, Trend & Forecast Analysis | Covid-19 Impact Analysis

    Electric Aircraft Market - Size, Share, Trend & Forecast Analysis | Covid-19 Impact Analysis
    Report code - SRAD279 Delivery - 2 Weeks
    Electric Aircraft Market Size, Share, Trend, Forecast, & Competitive Analysis.
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    Impact of COVID-19 on Electric Aircraft Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Electric Aircraft Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues has gone down in 2020 and may resume an uptrend gradually form 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Electric Aircraft Market Insights 

    Electric Aircraft Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Financially viable cost of possession of electric aircraft and their merits over traditional aircraft are underpinning the growth of the global electric aircraft market.

    Electric Aircraft Market - Snapshot

    Major Aircraft Type

    Ultralight aircraft

    Dominant Technology Type

    All-electric aircraft

    Region with the highest demand

    Europe

    Key Players

    Alisport SRL, Aurora (A Boeing Company), Airbus SE, Bye Aerospace, Cessna Aircraft (Textron Aviation), Delorean Aerospace, Embraer S.A., Evektor-Aerotechnik, Hamilton Aero Maintenance, and Joby Aviation.

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    Market Share Analysis

    Electric Aircraft Market Share: By Aircraft Type

    Based on the aircraft type, the market is segmented as ultralight aircraft and light jet. The ultralight aircraft segment dominated the market in 2018, and is expected to maintain its dominance during the forecast period as well. The possession of ultralight aircraft is economically viable owing to its simplistic design and building. With the rise in fuel prices, the demand for ultralight aircraft is expected to pace up the demand for various training purposes during the forecast period.

    Electric Aircraft Market Share: By Component Type

    Based on the component type, the market is segmented as aircraft battery, aircraft electric motor, and others. The others segment comprises electric-ducted fans and power electronics. Power electronics are employed to power all crucial aircraft mechanisms, such as environmental control systems, flight control actuation, utility functions, and cabin pressurization, which were traditionally commanded by hydraulic and pneumatic means.  Electric-ducted fans apply multiple propeller blades fixed to a single electric motor in an aircraft.

    Electric Aircraft Market Share: By Technology Type

    Based on the technology type, the market is segmented as hybrid aircraft and all-electric aircraft. The all-electric aircraft segment is expected to lead the market in the coming five years. The trend for all-electric aircraft is estimated to increase over the coming five years as aircraft OEMs are teaming up with their suppliers to design new systems that will hybridize conventional propulsion systems and implement new electrical-intensive designs.

    Electric Aircraft Market Share: By Region

    In terms of regions, Europe dominated the electric aircraft market in 2018, and is expected to continue its dominance during the forecast period as well. The market is led by the aircraft and its component industry in Europe, which is focusing to adopt new advanced materials, such as gamma-titanium aluminides and single crystals, which offer enhanced mechanical properties. These high-tech engines help aircraft minimize their fuel consumptions, carbon emissions and noise, among a host of such other factors. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

    Electric Aircraft Market: Key Players

    Some of the major players in the electric aircraft market are Alisport SRL, Aurora (A Boeing Company), Airbus SE, Bye Aerospace, Cessna Aircraft (Textron Aviation), Delorean Aerospace, Embraer S.A., Evektor-Aerotechnik, Hamilton Aero Maintenance, and Joby Aviation.

     

    Market Scope & segmentation

    Electric aircraft are operated with the help of an electric motor. These can be ultralight aircraft and light jets.

    Electric aircraft is operational based on the technologies of hybrid and all-electric. Aircraft battery, electric motor, and others are the main components of an electric aircraft.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Electric Aircraft Market Report - Features

    Market Segmentation

    5

    Regions Covered

    4

    Countries/Sub-Regions Covered

    15

    No. of Figures & Tables

    >150

    Company Profiles

    10

           

    The electric aircraft market is segmented into the following categories. 

    Electric Aircraft Market, by Aircraft Type:

    • Ultralight Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Light Jet (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Electric Aircraft Market, by Component Type:

    • Aircraft Battery (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Aircraft Electric Motor (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Electric Aircraft Market, by Technology Type:

    • Hybrid Aircraft
      • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
      • (Technology Type Analysis: Solar-Powered Aircraft and Fuel-Powered Aircraft)
    • All Electric Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Electric Aircraft Market, by Range Type:

    • Less Than 500 Km (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • More Than 500 Km (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Electric Aircraft Market, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

     

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the aircraft types by technology type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    General Frequently Asked Questions (FAQs)

    What is an Electric Aircraft?

    Electric aircraft are operated with the help of an electric motor. These can be ultralight aircraft and light jets. Electric aircraft is operational based on the technologies of hybrid and all-electric. Aircraft battery, electric motor, and others are the main components of an electric aircraft.

    What will be the CAGR of the Electric Aircraft Market?

    Electric Aircraft Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Financially viable cost of possession of electric aircraft and their merits over traditional aircraft are underpinning the growth of the global electric aircraft market.

    Which country/region is expected to remain the largest Electric Aircraft Market?

    In terms of regions, Europe dominated the electric aircraft market in 2018, and is expected to continue its dominance during the forecast period as well.

    Who are the key players in the Electric Aircraft Market?

    Some of the major players in the electric aircraft market are Alisport SRL, Aurora (A Boeing Company), Airbus SE, Bye Aerospace, Cessna Aircraft (Textron Aviation), Delorean Aerospace, Embraer S.A., Evektor-Aerotechnik, Hamilton Aero Maintenance, and Joby Aviation.

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