RAIPUR, India – Stratview Research announces the launch of a new market research report on Electric Aircraft Market by Aircraft Type (Ultralight Aircraft and Light Aircraft), by Technology Type (Hybrid Aircraft and All-Electric Aircraft), by Range Type (Less Than 500 Km and More Than 500 Km), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026.
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 and investors in the identification of low-hanging fruits available in the market as well as formulate growth strategies.
Electric Aircraft Market: Highlights
Electric aircraft is powered by electricity via one or more electric motors which drive the propellers. In this type of aircraft, electricity is supplied through a variety of methods, the most common being batteries or solar cells. The electric aircraft industry is currently at the introduction stage of the industry life cycle and is expected to witness its growth stage during 2021-2030.
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. As per Stratview Research, the electric aircraft market is likely to grow at a lucrative CAGR of 168% over the next five years, owing to the ongoing efforts of governments and companies towards introducing Urban Air Mobility across countries/regions.
Based on the aircraft type, the electric aircraft market is segmented as ultralight aircraft and light aircraft. As of 2020, 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 increasing focus towards sustainable means of air travel.
Based on the technology type, all-electric aircraft is expected to remain the dominant technology type in the market during the forecast period. Higher focus towards 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.
Based on the range type, less than 500 km range holds the major share of the electric aircraft market and is expected to be the faster-growing segment during the forecast period as well. Currently, all-electric aircraft are operating at less than 500 Km range with limited battery storage capacity and energy density.
In terms of regions, Asia-Pacific currently accounts for a majority 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. However, North America is expected to expand at the highest rate, driven by a strong roadmap for establishing UAM networks across different cities.
Following are the key players in the electric aircraft market:
- Guangzhou EHang Intelligent Technology Co. Ltd
- Pipistrel d.o.o Ajdovš?ina (Pipistrel Aircraft)
- Joby Aviation
- Archer Aviation
- Lilium GmbH
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 on 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
This report studies the electric aircraft market and has segmented the market in four ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the four ways in which the market is segmented:
Electric Aircraft Market, by Aircraft Type
- Ultralight Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Light Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Electric Aircraft Market, by Technology Type
- All-Electric Aircraft (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Hybrid 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: USA, and Others)
- Europe (Country Analysis: France, Switzerland, and Rest of Europe)
- Asia-Pacific (Country Analysis: China and Rest of Asia-Pacific)
- Rest of the World (Sub-region Analysis: Middle East and Latin America & Africa)
