Global Electric Aircraft Market report from Global Insight Services is the single authoritative source of intelligence on Electric Aircraft Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
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An electric aircraft is an aircraft powered by electric motors. Electric aircraft have been flown since the Wright brothers flew the first powered airplane in 1903. However, for most of the history of aviation, electric aircraft have been overshadowed by their gasoline-powered counterparts. In recent years, however, electric aircraft have begun to make a comeback, thanks to advances in battery technology and electric motor efficiency.
One of the key advantages of electric aircraft is that they produce no emissions. This is a significant benefit in terms of both environmental impact and noise pollution. Electric aircraft are also much quieter than gasoline-powered aircraft, which can be a significant advantage in terms of airport noise restrictions.
Another advantage of electric aircraft is that they are typically simpler in design than gasoline-powered aircraft. This simplicity can lead to reduced maintenance costs and increased reliability.
Key Trends
Electric aircraft are becoming more energy efficient due to advances in battery technology and electric motor efficiency. Electric aircraft are also becoming more environmentally friendly as they do not produce emissions. Electric aircraft are becoming more reliable as the technology matures and more companies enter the market. Electric aircraft are becoming more affordable as the cost of batteries and electric motors falls.
Key Drivers
The electric aircraft market is driven by the need for more fuel-efficient and environmentally-friendly aircraft. Electric aircraft are more efficient than traditional aircraft because they do not produce emissions and are powered by batteries or fuel cells. Electric aircraft are also quieter than traditional aircraft, which is important for reducing noise pollution.
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Market Segments
The Electric Aircraft Market is segmented into platform, system, type, technology, application, and region. By platform, the market is divided into regional transport aircraft, business jets, and light & ultralight aircraft. Based on, the system it is bifurcated into batteries, electric motors, aerostructures, avionics, software, and others. By type, it is categorized into fixed wing, rotary wing, and hybrid. Based on the technology it is analyzed across wing CTOL, STOL, and VTOL. Whereas the application is segmented into civil and military. Region-Wise the market is segmented by North America, Europe, Asia-Pacific, and rest of the world.
Key Players
The Electric Aircraft Market report includes players such as Airbus SE (Netherlands), Elbit Systems Ltd. (Israel), AeroVironment Inc (US), ECA Group (France), Ehang (China), BAE Systems (UK), Bombardier Inc. (Canada), Honeywell International Inc. (US), Raytheon Technologies Corporation (US) and Rolls-Royce Holdings plc (UK), aomg others.
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