Electric Aircraft Market Updates by 2031
Electric aircraft are driven with the use of electric motors. In this, electricity is supplied through different sources such as batteries, solar cells, ground power cables, fuel cells ultra-capacitors, and power beaming. Factors driving the electric aircraft market is use of different source of energy in order to preserve the non-renewable sources and therefore, electric aircraft is considered better than traditional aircrafts which is accelerating the growth of electric aircraft market.
MARKET SCOPE
The "Global Electric Aircraft Market Analysis to 2031" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric aircraft market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading electric aircraft market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on Technology, the global electric aircraft market is segmented into Battery, Fuel-cell, and Hybrid
- On the basis of Application, the market is segmented into Ultralight Aircraft, and Light Jet
MARKET DYNAMICS
Drivers:
- Use of alternative source of energy in order to preserve the non-renewable sources
- Urge to manufacture battery solutions for electric aircraft
Restraints
- Compulsion to preserve the batteries from getting obsolete
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electric aircraft market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electric aircraft market in these regions.
IMPACT OF COVID-19 ON ELECTRIC AIRCRAFT MARKET
The COVID-19 pandemic has forced governments and aviation related businesses to take several stringent measures to contain the spread of the virus. Airports and air traffic around the world had come to a virtual halt in the second quarter of 2021 which led to decline in airport traffic and revenue losses in the aviation industry across all regions. Although, several countries have now started to gradually reopen many parts of the economy, many countries in different region are again exposed to subsequent waves of infections and governments of these countries have opted for the re-imposition of partial or complete lockdowns. Since the health, safety and wellbeing of passengers and staff is aviation industry’s topmost priority, airports and airlines have partnered with governments to prepare the restart of global connectivity as and when the epidemiological situation allows. It is expected that if the global vaccination efforts are successful, the number of passengers traveling by air and outside of their countries is likely to increase by the second half of 2021. Moreover, efforts are being made by various organization to reduce dependence on non-renewable energy sources and giving a boost to the electric aircraft market in the post-COVID-19 scenario.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electric aircraft market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electric aircraft market in these regions.
IMPACT OF COVID-19 ON ELECTRIC AIRCRAFT MARKET
The COVID-19 pandemic has forced governments and aviation related businesses to take several stringent measures to contain the spread of the virus. Airports and air traffic around the world had come to a virtual halt in the second quarter of 2021 which led to decline in airport traffic and revenue losses in the aviation industry across all regions. Although, several countries have now started to gradually reopen many parts of the economy, many countries in different region are again exposed to subsequent waves of infections and governments of these countries have opted for the re-imposition of partial or complete lockdowns. Since the health, safety and wellbeing of passengers and staff is aviation industry’s topmost priority, airports and airlines have partnered with governments to prepare the restart of global connectivity as and when the epidemiological situation allows. It is expected that if the global vaccination efforts are successful, the number of passengers traveling by air and outside of their countries is likely to increase by the second half of 2021. Moreover, efforts are being made by various organization to reduce dependence on non-renewable energy sources and giving a boost to the electric aircraft market in the post-COVID-19 scenario.
MARKET PLAYERS
The report covers key developments in the electric aircraft market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electric aircraft market are anticipated to lucrative growth opportunities in the future with the rising demand for electric aircraft in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electric aircraft market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Schempp-Hirth Flugzeugbau GmbH
- YUNEEC INTERNATIONAL
- PIPISTREL d.o.o. Ajdovšina
- lilium GmbH
- DigiSky Srl
- Bye Aerospace
- Evektor-Aerotechnik
- Alisport Srl
- Hamilton Aero Maintenance Ltd.
- Dufour Aerospace
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Electric Aircraft Market - By Technology
1.3.2 Electric Aircraft Market - By Application
1.3.3 Electric Aircraft Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. ELECTRIC AIRCRAFT MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER’S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. ELECTRIC AIRCRAFT MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. ELECTRIC AIRCRAFT MARKET - GLOBAL MARKET ANALYSIS
6.1. ELECTRIC AIRCRAFT - GLOBAL MARKET OVERVIEW
6.2. ELECTRIC AIRCRAFT - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. ELECTRIC AIRCRAFT MARKET - REVENUE AND FORECASTS TO 2028 - TECHNOLOGY
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. BATTERY
7.3.1. Overview
7.3.2. Battery Market Forecast and Analysis
7.4. FUEL-CELL
7.4.1. Overview
7.4.2. Fuel-cell Market Forecast and Analysis
7.5. HYBRID
7.5.1. Overview
7.5.2. Hybrid Market Forecast and Analysis
8. ELECTRIC AIRCRAFT MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. ULTRALIGHT AIRCRAFT
8.3.1. Overview
8.3.2. Ultralight Aircraft Market Forecast and Analysis
8.4. LIGHT JET
8.4.1. Overview
8.4.2. Light Jet Market Forecast and Analysis
9. ELECTRIC AIRCRAFT MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Electric Aircraft Market Overview
9.1.2 North America Electric Aircraft Market Forecasts and Analysis
9.1.3 North America Electric Aircraft Market Forecasts and Analysis - By Technology
9.1.4 North America Electric Aircraft Market Forecasts and Analysis - By Application
9.1.5 North America Electric Aircraft Market Forecasts and Analysis - By Countries
9.1.5.1 Canada Electric Aircraft Market
9.1.5.1.1 Canada Electric Aircraft Market by Technology
9.1.5.1.2 Canada Electric Aircraft Market by Application
9.1.5.2 Mexico Electric Aircraft Market
9.1.5.2.1 Mexico Electric Aircraft Market by Technology
9.1.5.2.2 Mexico Electric Aircraft Market by Application
9.1.5.3 US Electric Aircraft Market
9.1.5.3.1 US Electric Aircraft Market by Technology
9.1.5.3.2 US Electric Aircraft Market by Application
9.2. EUROPE
9.2.1 Europe Electric Aircraft Market Overview
9.2.2 Europe Electric Aircraft Market Forecasts and Analysis
9.2.3 Europe Electric Aircraft Market Forecasts and Analysis - By Technology
9.2.4 Europe Electric Aircraft Market Forecasts and Analysis - By Application
9.2.5 Europe Electric Aircraft Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Electric Aircraft Market
9.2.5.1.1 Germany Electric Aircraft Market by Technology
9.2.5.1.2 Germany Electric Aircraft Market by Application
9.2.5.2 France Electric Aircraft Market
9.2.5.2.1 France Electric Aircraft Market by Technology
9.2.5.2.2 France Electric Aircraft Market by Application
9.2.5.3 Italy Electric Aircraft Market
9.2.5.3.1 Italy Electric Aircraft Market by Technology
9.2.5.3.2 Italy Electric Aircraft Market by Application
9.2.5.4 United Kingdom Electric Aircraft Market
9.2.5.4.1 United Kingdom Electric Aircraft Market by Technology
9.2.5.4.2 United Kingdom Electric Aircraft Market by Application
9.2.5.5 Russia Electric Aircraft Market
9.2.5.5.1 Russia Electric Aircraft Market by Technology
9.2.5.5.2 Russia Electric Aircraft Market by Application
9.2.5.6 Rest of Europe Electric Aircraft Market
9.2.5.6.1 Rest of Europe Electric Aircraft Market by Technology
9.2.5.6.2 Rest of Europe Electric Aircraft Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Electric Aircraft Market Overview
9.3.2 Asia-Pacific Electric Aircraft Market Forecasts and Analysis
9.3.3 Asia-Pacific Electric Aircraft Market Forecasts and Analysis - By Technology
9.3.4 Asia-Pacific Electric Aircraft Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Electric Aircraft Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Electric Aircraft Market
9.3.5.1.1 Australia Electric Aircraft Market by Technology
9.3.5.1.2 Australia Electric Aircraft Market by Application
9.3.5.2 China Electric Aircraft Market
9.3.5.2.1 China Electric Aircraft Market by Technology
9.3.5.2.2 China Electric Aircraft Market by Application
9.3.5.3 India Electric Aircraft Market
9.3.5.3.1 India Electric Aircraft Market by Technology
9.3.5.3.2 India Electric Aircraft Market by Application
9.3.5.4 Japan Electric Aircraft Market
9.3.5.4.1 Japan Electric Aircraft Market by Technology
9.3.5.4.2 Japan Electric Aircraft Market by Application
9.3.5.5 South Korea Electric Aircraft Market
9.3.5.5.1 South Korea Electric Aircraft Market by Technology
9.3.5.5.2 South Korea Electric Aircraft Market by Application
9.3.5.6 Rest of Asia-Pacific Electric Aircraft Market
9.3.5.6.1 Rest of Asia-Pacific Electric Aircraft Market by Technology
9.3.5.6.2 Rest of Asia-Pacific Electric Aircraft Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Electric Aircraft Market Overview
9.4.2 Middle East and Africa Electric Aircraft Market Forecasts and Analysis
9.4.3 Middle East and Africa Electric Aircraft Market Forecasts and Analysis - By Technology
9.4.4 Middle East and Africa Electric Aircraft Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Electric Aircraft Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Electric Aircraft Market
9.4.5.1.1 South Africa Electric Aircraft Market by Technology
9.4.5.1.2 South Africa Electric Aircraft Market by Application
9.4.5.2 Saudi Arabia Electric Aircraft Market
9.4.5.2.1 Saudi Arabia Electric Aircraft Market by Technology
9.4.5.2.2 Saudi Arabia Electric Aircraft Market by Application
9.4.5.3 U.A.E Electric Aircraft Market
9.4.5.3.1 U.A.E Electric Aircraft Market by Technology
9.4.5.3.2 U.A.E Electric Aircraft Market by Application
9.4.5.4 Rest of Middle East and Africa Electric Aircraft Market
9.4.5.4.1 Rest of Middle East and Africa Electric Aircraft Market by Technology
9.4.5.4.2 Rest of Middle East and Africa Electric Aircraft Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Electric Aircraft Market Overview
9.5.2 South and Central America Electric Aircraft Market Forecasts and Analysis
9.5.3 South and Central America Electric Aircraft Market Forecasts and Analysis - By Technology
9.5.4 South and Central America Electric Aircraft Market Forecasts and Analysis - By Application
9.5.5 South and Central America Electric Aircraft Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Electric Aircraft Market
9.5.5.1.1 Brazil Electric Aircraft Market by Technology
9.5.5.1.2 Brazil Electric Aircraft Market by Application
9.5.5.2 Argentina Electric Aircraft Market
9.5.5.2.1 Argentina Electric Aircraft Market by Technology
9.5.5.2.2 Argentina Electric Aircraft Market by Application
9.5.5.3 Rest of South and Central America Electric Aircraft Market
9.5.5.3.1 Rest of South and Central America Electric Aircraft Market by Technology
9.5.5.3.2 Rest of South and Central America Electric Aircraft Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. ELECTRIC AIRCRAFT MARKET, KEY COMPANY PROFILES
11.1. SCHEMPP-HIRTH FLUGZEUGBAU GMBH
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. YUNEEC INTERNATIONAL
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. PIPISTREL D.O.O. AJDOVšINA
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. LILIUM GMBH
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. DIGISKY SRL
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. BYE AEROSPACE
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. EVEKTOR-AEROTECHNIK
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. ALISPORT SRL
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. HAMILTON AERO MAINTENANCE LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. DUFOUR AEROSPACE
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Schempp-Hirth Flugzeugbau GmbH
2. YUNEEC INTERNATIONAL
3. PIPISTREL d.o.o. Ajdovšina
4. lilium GmbH
5. DigiSky Srl
6. Bye Aerospace
7. Evektor-Aerotechnik
8. Alisport Srl
9. Hamilton Aero Maintenance Ltd.
10. Dufour Aerospace
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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