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    Electric Aircraft Market Analysis | 2021-2026

    Electric Aircraft Market Analysis | 2021-2026
    Report code - SRAD279 Published On : Sep,2021 No. of Pages: 112
    Electric Aircraft Market Size, Share, Trend, Forecast, Competitive Analysis & Gro See more...

    Market Highlights

    The Electric Aircraft Market is likely to grow at a lucrative CAGR of >150% over the next five years to reach US$ 6.6 billion by 2026.

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    Electric aircraft are powered by electricity via one or more electric motors which drive the propellers. In this type of aircraft, electricity is supplied via a variety of methods, the most common being batteries or solar cells. The electric aircraft industry is currently in the introduction stage of the industry life cycle and is expected to witness its growth stage during 2021-2030, owing to the ongoing efforts of governments and companies towards introducing Urban Air Mobility across countries/regions.

    In the year 2020, the electric aircraft market witnessed a relatively negligible impact of the COVID-19 pandemic as the industry is still at the introduction stage.

    Segments Analysis

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    By Aircraft Type

    The electric aircraft market is segmented into ultralight aircraft and light aircraft. The ultralight aircraft type was the only electric aircraft commercially available in the industry. It is projected to increase at a CAGR of more than 100% during 2020-2026, driven by an increasing focus on sustainable means of air travel.

    By Technology Type

    The market is segmented into all-electric aircraft and hybrid aircraft. All-electric aircraft are expected to remain the dominant technology type in the market during the forecast period. A higher focus on developing 100% emission-free and noise-free air mobility is the primary driver for the higher growth and adoption of all-electric aircraft as compared to hybrid aircraft.

    By Range Type

    The electric aircraft market is segmented into less than 500 km and more than 500 km range. Less than 500 km range holds the major share of the electric aircraft market and is expected to be the fastest-growing segment during the forecast period. All-electric aircraft are operating at less than 500 Km range with limited battery storage capacity and energy density.

    Regional Analysis

    In terms of regions, North America is expected to expand at the highest rate, driven by a strong roadmap for establishing UAM networks across different cities. Asia-Pacific accounted for a majority of the share, primarily driven by EHang’s AAV sales in China. Europe was another major market driven by Pipistrel electric aircraft sales in France, the UK, the Netherlands, Norway, and Switzerland.

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    Key Players

    The following are the key players in the electric aircraft market.

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s electric aircraft market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process. This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, 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 industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence most comprehensively. 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.

    What Deliverables Will You Get in this Report?

    Key questions this report answers

    Relevant contents in the report

    How big is the sales opportunity?

    In-depth Analysis of the Electric Aircraft Market

    How lucrative is the future?

    The market forecast and trend data and emerging trends

    Which regions offer the best sales opportunities?

    Global, regional, and country-level historical data and forecasts

    Which are the most attractive market segments?

    Market Segment Analysis and Forecast

    Who are the top players and their market positioning?

    Competitive landscape analysis, Market share analysis

    How complex is the business environment?

    Porter’s five forces analysis, PEST analysis, Life cycle analysis

    What are the factors affecting the market?

    Drivers & challenges

    Will I get the information on my specific requirements?

    10% free customization

    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 three players).
    • SWOT analysis of key players (up to three players).

    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 to sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    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 batteries, electric motors, and others are the main components of an electric aircraft.

    The electric aircraft market is estimated to grow at a CAGR of >150% from 2021 to 2026.

    Ehang, Pipistrel Aircraft, Archer Aviation, Lilium, and Joby Aviation are the leading players in the electric aircraft market.

    The Electric Aircraft Market is likely to reach US$ 6.6 billion by 2026.

    North America is estimated to be dominant in the electric aircraft market in the foreseeable future.

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