Electric Aircraft Trends and Forecast
The future of the global electric aircraft market looks promising with opportunities in the commercial and military markets. The global electric aircraft market is expected to reach an estimated $25.9 billion by 2030 with a CAGR of 15.5% from 2024 to 2030. The major drivers for this market are growth in the need for local short-distance routes, increased attempts to lower the aviation industryÄX%$%Xs overall carbon footprint and operating costs, as well as, advancements in electric propulsion systems and batteries technology.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Electric Aircraft by Segment
The study includes a forecast for the global electric aircraft by takeoff type, component, platform, end use, and region.
Electric Aircraft Market by Takeoff Type [Shipment Analysis by Value from 2018 to 2030]:
• Conventional Takeoff & Landing
• Short Takeoff & Landing
• Vertical Takeoff & Landing
Electric Aircraft Market by Component [Shipment Analysis by Value from 2018 to 2030]:
• Batteries
• Electric Motors
• Aerostructures
• Avionics
• Others
Electric Aircraft Market by Platform [Shipment Analysis by Value from 2018 to 2030]:
• Fixed Wing
• Rotary Wing
Electric Aircraft Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Commercial
• Military
Electric Aircraft Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Electric Aircraft Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric aircraft companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric aircraft companies profiled in this report include-
• Joby Aviation
• ZeroAvia
• Wright Electric
• Ampaire
• Elbit Systems
• lilium
• Duxion
• Airbus
• EHang Holdings
• Rolls Royce
Electric Aircraft Market Insights
Lucintel forecasts that conventional takeoff is expected to witness the highest growth over the forecast period.
Within this market, commercial will remain the largest segment.
North America is expected to witness highest growth over the forecast period due to rising government initiatives coupled with growing environmental concerns in the region.
Features of the Global Electric Aircraft Market
Market Size Estimates: Electric aircraft market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Electric aircraft market size by takeoff type, component, platform, end use, and region in terms of value ($B).
Regional Analysis: Electric aircraft market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different takeoff type, component, platform, end use, and regions for the electric aircraft market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the electric aircraft market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
Preguntas frecuentes
Q1. What is the electric aircraft market size?
Answer: The global electric aircraft market is expected to reach an estimated $25.9 billion by 2030.
Q2. What is the growth forecast for electric aircraft market?
Answer: The global electric aircraft market is expected to grow with a CAGR of 15.5% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the electric aircraft market?
Answer: The major drivers for this market are growth in the need for local short-distance routes, increased attempts to lower the aviation industryÄX%$%Xs overall carbon footprint and operating costs, as well as, advancements in electric propulsion systems and batteries technology.
Q4. What are the major segments for electric aircraft market?
Answer: The future of the global electric aircraft market looks promising with opportunities in the commercial and military markets.
Q5. Who are the key electric aircraft market companies?
Answer: Some of the key electric aircraft companies are as follows:
• Joby Aviation
• ZeroAvia
• Wright Electric
• Ampaire
• Elbit Systems
• lilium
• Duxion
• Airbus
• EHang Holdings
• Rolls Royce
Q6. Which electric aircraft market segment will be the largest in future?
Answer: Lucintel forecasts that conventional takeoff is expected to witness the highest growth over the forecast period.
Q7. In electric aircraft market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to rising government initiatives coupled with growing environmental concerns in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electric aircraft market by takeoff type (conventional takeoff & landing, short takeoff & landing, and vertical takeoff & landing), component (batteries, electric motors, aerostructures, avionics, and others), platform (fixed wing and rotary wing), end use (commercial and military), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Electric Aircraft Market, Electric Aircraft Market Size, Electric Aircraft Market Growth, Electric Aircraft Market Analysis, Electric Aircraft Market Report, Electric Aircraft Market Share, Electric Aircraft Market Trends, Electric Aircraft Market Forecast, Electric Aircraft Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.