Electric Aircraft Market by PLatform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software), Technology, Application, and Region - Forecast to 2030
[197 Pages Report] The global market for electric aircraft is estimated to be USD 7.9 billion in 2021 and is projected to reach USD 27.7 billion by 2030, at a CAGR of 14.8% during the forecast period. The growth of this market is mainly driven by the deployment of urban air mobility aircraft and the increasing use of electric aircraft for cargo applications and different aerial mission-specific activities.
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COVID-19 Impact on the Global Electric Aircraft Market
The sudden outbreak of the COVID-19 has taken a toll on various industrial sectors, with aviation being one of the worst affected. However, the electric aircraft market did not seem to have been impacted by the pandemic as much as the aviation industry as a whole. Electric UAVs were widely used by militaries for a variety of missions like border security, while governments and law enforcement agencies used them on an experimental basis.
Civil & commercial applications of electric aircraft include transportation of medical supplies by companies like Zipline and mostly for aerial photography. Retail and other logistics companies are increasingly looking towards the usage of electric UAVs to distribute essential items due to intermittent lockdowns and the imposition of social distancing protocols worldwide. In the US, companies like Amazon and USP have already scaled up their usage of electric drones for their deliveries. Electric drones are also witnessing an increased application in Africa, as they are being used as the art of EMS services to supply medicines and amenities as well as transport organs and blood across cities. These factors have helped the electric aircraft market to sustain the overall impact of the COVID-19 pandemic on the global economy.
Electric Aircraft Market Dynamics
Drivers: Growing need for cleaner and quieter aircraft
According to Air Transport Action Group (ATAG), global flights produced around 915 million tons of carbon dioxide in 2019. The global aviation industry produces around 2% of all the CO2 emissions induced by humans.
With an increase in the number of global aircraft fleet size and air travel, these numbers are expected to rise even higher. Hence, there has been a pressing need for electric aircraft, which will help reduce the carbon footprint of the aviation industry. Organizations and governing bodies such as the International Civil Aviation Organization, the Federal Aviation Administration, and the European Union Aviation Safety Agency have called for sustainable alternatives of aircraft fuel as they estimate that aircraft-generated emissions are expected to be three-fold in volume by 2050. Since electric engines do not have noises associated with jet or combustion engines, they result in no aircraft noise levels. In an electric aircraft, manufacturers aim to improve efficiency by replacing hydraulically controlled systems with electric systems.
Electric aircraft manufacturers such as Airbus, Eviation, Zunum Aero, and Pipistrel identify the need for cleaner aircraft as a major opportunity in the near future. Thus, the need for sustainable air travel is a major factor driving the electric aircraft market.
Opportunities: Use of all-electric aircraft for logistics
The logistics sector has been concerned about the emissions resulting from cargo airplanes and is in a race toward zero-emission logistics. Stakeholders in the logistics sector are investing in electric modes of transportation to reduce the carbon footprint. Therefore, the use of all-electric aircraft as a mode of transport in logistics opens up new avenues for electric aircraft manufacturers. Cargo aircraft or freight aircraft are used for carrying logistics that can be operated by civil passengers or cargo airlines by private individuals or defense forces of individual countries. According to Statista, the global volume of air freight has increased significantly in the last few years and reached 55.9 million metric tons in 2020. The global volume is expected to increase, owing to the rise of e-commerce.
A few logistics companies have started adding all-electric aircraft to their fleet to minimize the resulting carbon emissions. For example, DHL Express, an air cargo subsidiary of Deutsche Post AG, has recently ordered 12 fully-electric cargo aircraft from Eviation Aircraft Ltd. These aircraft, named Alice, are expected to be delivered by 2024 and will be able to carry 1,179 kgs of cargo and travel at a range of 440 nautical miles. Hence, the use of all-electric aircraft in the logistics sector presents a new area of opportunity for electric aircraft manufacturers.
Challenges: Development of batteries having higher energy densities
One of the biggest challenges that electric aircraft manufacturers face in terms of long-distance flights is the low energy density of batteries. The energy density for aircraft propulsion is usually measured in watt-hours per kilogram (Wh/kg). The existing lithium-ion batteries have an energy density of around 250 Wh/kg, which is way lesser than the energy density provided by conventional jet fuel or kerosene of around 12,000 Wh/kg. Thus, all-electric long-haul commercial flights are still a distant reality as conventional fossil fuels are about 14 times more energy-rich than battery-powered alternatives.
Hence, aircraft would require electric batteries that weigh 30 times more than their current fuel intake to achieve the range of distances covered by fossil fuels. This is a major challenge that aircraft manufacturers must address if they want to achieve the goal of all-electric commercial flights. Advancements such as lithium-sulfur batteries significantly increase the energy density to 500 Wh/kg or 600 Wh/kg. However, some industry experts claim that batteries that will enable all-electric commercial flights will not be available until the late 2030s to early 2040s. It will take a considerable amount of time to build batteries sufficient to electrify the medium and long-range flights that make up the bulk of commercial aviation, which is a big challenge faced by electric aircraft manufacturers.
Increasing adaptability of the latest technologies by civil and commercial end users is expected to fuel the growth of the light & ultralight aircraft market during the forecast period.
The light & ultralight aircraft segment is expected to grow the largest, based on platform of electric aircraft. Various technological advancements and aircraft modernization programs are expected to boost the market for electric aircraft. Low noise electric UAVs are increasingly adopted in civil and military applications. An increase in corporate activities and the need for aircraft with low carbon footprints are to drive demand for electric aircraft.
The Hybrid wing segment is projected to witness the highest CAGR during the forecast period.
Based on type, the rotary wing segment is projected to be the highest CAGR rate for the electric aircraft market during the forecast period. The evolution in the missions’ complexity of both military aircraft and unmanned aerial vehicles (UAVs) and the increase in civilian air traffic, with limited runways, will lead to increasing adoption of these wing type.
The Batteries segment is projected to witness the highest CAGR during the forecast period.
Based on the system, the battery segment is projected to grow at the highest CAGR rate for the electric aircraft market during the forecast period. Batteries are the most common onboard energy storage components of electric aircraft due to their relatively high storage capacity. Modern batteries are mostly rechargeable and are lithium-based. Advancements in battery power density would be the driving factor for this segment
The VTOL segment is projected to witness the highest CAGR during the forecast period
Based on the technology, the VTOL segment is projected to grow at the highest CAGR rate for the aircraft landing gear market during the forecast period. Large deployment in civil applications, including air taxi and ems services, will drive this segment. Most of the civil eVTOL aircraft are designed for urban air mobility, air taxis, medical assistance, and personnel passenger transportation.
The Civil segment is projected to witness the highest CAGR during the forecast period
Based on application, the Civil segment is projected to grow at the highest CAGR rate for the aircraft landing gear market during the forecast period. As urban planners, public transit agencies, and walking and biking advocates work to steer cities away from a future congested with cars and as others discuss ethics, realities, and regulations of autonomous vehicles, increasing developments in urban mobility applications will drive this segment.
The North American market is projected to contribute the largest share from 2021 to 2026
Electric Aircraft market in North America is projected to hold the highest market share during the forecast period. North America accounted for the largest share of 34.3% of the electric aircraft market and is expected to grow at a CAGR of 16.1% during the forecast period. The US has the largest UAV fleet used in military and civil applications. Early adoption of electric aircraft for urban air mobility is also being witnessed in the US. These factors are expected to drive the market in North America.
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The electric aircraft market is dominated by a few globally established players such as Airbus SE (Netherlands), Elbit Systems Ltd. (Israel), and AeroVironment, Inc (US).
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Report Metric |
Details |
|
Market size available for years |
2017–2030 |
|
Base year considered |
2020 |
|
Forecast period |
2021-2030 |
|
Forecast units |
Value (USD Million) |
|
Segments covered |
By Type, By System, By Platform, By Technology, By Application |
|
Geographies covered |
North America, Europe, Asia Pacific, Latin America, Middle East, and Africa |
|
Companies covered |
Airbus SE (Netherlands), Elbit Systems Ltd. (Israel), and AeroVironment, Inc (US), ECA Group (France), Ehang (China) |
The study categorizes the aircraft landing gear market based on Type, System, Aircraft Type, End User, and Region.
By Platform
- Regional Transport Aircraft
- Business Jets
- Light & Ultralight Aircraft
By System
- Batteries
- Electric Motors
- Aerostructures
- Avionics
- Software
- Others
By Type
- Fixed Wing
- Rotary Wing
- Hybrid Wing
By Technology
- CTOL
- STOL
- VTOL
By Application
- Civil
- Military
By Region
- North America
- Asia Pacific
- Europe
- Middle East
- Latin America
- Africa
Recent Developments
- In August 2021, DHL Express ordered 12 electric cargo aircraft from start-up Eviation for delivery by 2024 and planned to build the world's first electric air cargo network.
- In August 2021, Archer Aviation Inc. announced to work with REEF to develop plans for urban takeoff and landing sites. REEF’s network lends itself well to Archer’s plans for developing vertiports in dense urban areas. With proximity to high-traffic city hubs, Archer is planning to establish operations in locations that will benefit most from access to the company’s planned urban air mobility network.
- In July 2021, Lilium GmbH partnered with CUSTOMCELLS, the German manufacturer of customer-specific lithium-ion battery cells. CUSTOMCELLS, which supplies international aviation, automotive and military customers, including Porsche AG, will be one of Lilium’s prime suppliers, manufacturing lithium-ion batteries at scale for the all-electric 7-Seater Lilium Jet.
Frequently Asked Questions (FAQ):
What are your views on the growth prospect of the electric aircraft market?
The electric aircraft market is expected to grow substantially. The growth of this market is mainly driven by the deployment of urban air mobility aircraft and the increasing use of electric aircraft for cargo applications and different aerial mission-specific activities.
What are the key sustainability strategies adopted by leading players operating in the electric aircraft market?
Key players have adopted various organic and inorganic strategies to strengthen their position in the aircraft landing gear market. The major players include Airbus SE (Netherlands), Elbit Systems Ltd. (Israel), and AeroVironment, Inc (US), these players have adopted various strategies, such as acquisitions, contracts, new product launches, and partnerships & agreements, to expand their presence in the market further.
What are the new emerging technologies and use cases disrupting the electric aircraft market?
The development of electrical power is creating new opportunities for manufacturers to increase the efficiency of aircraft power systems by reducing the weight and volume of aircraft. Disruptive technologies have made some large-scale innovations possible over the years in the aerospace industry. Urban air mobility (UAM) is one such concept, which is expected to enable travelers to access on-demand air mobility, cargo, and package delivery. Energy harvesting is being considered to reduce the dependency of an aircraft on batteries for power supply.
Who are the key players and innovators in the ecosystem of the electric aircraft market?
The key players in the aircraft pumps market include Airbus SE (Netherlands), Elbit Systems Ltd. (Israel), and AeroVironment, Inc (US).
Which region is expected to hold the highest market share in the electric aircraft market?
Electric Aircraft market in North America is projected to hold the highest market share during the forecast period. North America accounted for the largest share of 34.3% of the electric aircraft market and is expected to grow at a CAGR of 16.1% during the forecast period. The US has the largest UAV fleet used in military and civil applications. Early adoption of electric aircraft for urban air mobility is also being witnessed in the US. These factors are expected to drive the market in North America. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 25)
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 MARKET SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 ELECTRIC AIRCRAFT MARKET SEGMENTATION
1.3.2 YEARS CONSIDERED FOR THE STUDY
1.4 INCLUSIONS AND EXCLUSIONS
TABLE 1 INCLUSIONS AND EXCLUSIONS IN THE ELECTRIC AIRCRAFT MARKET
1.5 CURRENCY & PRICING
1.6 LIMITATIONS
1.7 MARKET STAKEHOLDERS
1.8 SUMMARY OF CHANGES
FIGURE 2 ELECTRIC AIRCRAFT MARKET TO GROW AT A HIGHER RATE COMPARED TO PREVIOUS ESTIMATES
2 RESEARCH METHODOLOGY (Page No. - 30)
2.1 RESEARCH DATA
FIGURE 3 REPORT PROCESS FLOW
FIGURE 4 RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.2 PRIMARY DATA
2.1.2.1 Key primary insights
2.1.2.2 Key primary sources
2.2 MARKET SIZE ESTIMATION
2.2.1 SEGMENTS AND SUBSEGMENTS
2.3 RESEARCH APPROACH & METHODOLOGY
2.3.1 BOTTOM-UP APPROACH (DEMAND SIDE)
2.3.2 ELECTRIC AIRCRAFT MARKET
FIGURE 5 MARKET SIZE CALCULATION
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (DEMAND SIDE)
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE)
2.3.3 TOP-DOWN APPROACH
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
2.4 TRIANGULATION & VALIDATION
FIGURE 9 DATA TRIANGULATION
2.4.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH
2.5 GROWTH RATE FACTORS
2.6 ASSUMPTIONS FOR THE RESEARCH STUDY
2.7 RISKS
3 EXECUTIVE SUMMARY (Page No. - 38)
FIGURE 10 BATTERIES SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF ELECTRIC AIRCRAFT MARKET IN 2021
FIGURE 11 ELECTRIC AIRCRAFT MARKET, BY TYPE, 2021
FIGURE 12 MILITARY SEGMENT ESTIMATED TO ACCOUNT FOR A LARGER SHARE OF ELECTRIC AIRCRAFT MARKET IN 2021
FIGURE 13 ELECTRIC AIRCRAFT MARKET IN NORTH AMERICA EXPECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 41)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE ELECTRIC AIRCRAFT MARKET
FIGURE 14 THE GROWING NEED FOR CLEANER AND QUIETER AIRCRAFT IS EXPECTED TO DRIVE THE MARKET FROM 2O21 TO 2030
4.2 ELECTRIC AIRCRAFT MARKET, BY PLATFORM
FIGURE 15 LIGHT & ULTRALIGHT AIRCRAFT PROJECTED TO LEAD THE MARKET FROM 2021 TO 2030
4.3 ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY
FIGURE 16 VTOL SEGMENT PROJECTED TO LEAD THE MARKET FROM 2021 TO 2030
4.4 ELECTRIC AIRCRAFT MARKET, BY COUNTRY
FIGURE 17 ELECTRIC UAVS SEGMENT OF ELECTRIC AIRCARFT MARKET IN CANADA PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 2030
5 MARKET OVERVIEW (Page No. - 43)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
5.2.1 DRIVERS
5.2.1.1 Growing need for cleaner and quieter aircraft
5.2.1.2 Advances in batteries, electric motors, and power electronics
5.2.1.3 Rise in demand for unmanned aerial vehicles
5.2.2 RESTRAINTS
5.2.2.1 Increased aircraft weight due to heavy batteries
5.2.2.2 High voltage and thermal issues
5.2.3 OPPORTUNITIES
5.2.3.1 Emergence of advanced air mobility
5.2.3.2 Use of all-electric aircraft for logistics
5.2.4 CHALLENGES
5.2.4.1 Development of batteries having higher energy densities
5.2.4.2 Battery recharging infrastructure at airports
5.2.4.3 Designing all-electric manned aircraft
5.2.4.4 Ensuring airworthiness of electric aircraft
5.3 RANGE AND SCENARIOS
5.4 COVID-19 IMPACT ANALYSIS
5.5 PORTER’S FIVE FORCES ANALYSIS
TABLE 2 PORTER’S FIVE FORCES ANALYSIS
FIGURE 18 PORTER’S FIVE FORCES ANALYSIS
5.5.1 THREAT OF NEW ENTRANTS
5.5.2 THREAT OF SUBSTITUTES
5.5.3 BARGAINING POWER OF SUPPLIERS
5.5.4 BARGAINING POWER OF BUYERS
5.5.5 COMPETITION IN THE INDUSTRY
5.6 VALUE CHAIN ANALYSIS
5.6.1 RAW MATERIALS
5.6.2 R&D
5.6.3 COMPONENT MANUFACTURING
5.6.4 OEMS
5.6.5 END USERS
5.6.6 AFTER-SALES SERVICES
5.7 MARKET ECOSYSTEM MAP
5.7.1 PROMINENT COMPANIES
5.7.2 PRIVATE AND SMALL ENTERPRISES
5.7.3 END USERS
5.8 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
5.9 TRADE DATA ANALYSIS
TABLE 3 TRADE DATA TABLE FOR ELECTRIC AIRCRAFT MARKET
5.10 TECHNOLOGY ANALYSIS
5.10.1 LITHIUM-SULFUR BATTERIES
5.10.2 HYDROGEN FUEL CELLS
5.11 TARIFF AND REGULATORY LANDSCAPE
5.11.1 THE EUROPEAN AVIATION SAFETY AGENCY FRAMEWORK FOR VTOL AIRCRAFT
5.11.2 FEDERAL AVIATION ADMINISTRATION RULES FOR UNMANNED AIRCRAFT SYSTEM
5.11.3 FEDERAL AVIATION ADMINISTRATION (FAA) GUIDELINES FOR ELECTRIC MOTORS IN AIRCRAFT
5.12 AVERAGE SELLING PRICE
TABLE 4 AVERAGE SELLING PRICE: ELECTRIC AIRCRAFT, BY TYPE (USD MILLION)
5.13 VOLUME DATA
TABLE 5 ELECTRIC AIRCRAFT MARKET SIZE, BY TYPE (UNITS)
TABLE 6 ELECTRIC AIRCRAFT MARKET SIZE, BY TYPE (UNITS)
6 INDUSTRY TRENDS (Page No. - 60)
6.1 INTRODUCTION
6.1.1 URBAN AIR MOBILITY
6.1.2 ENERGY HARVESTING
6.1.3 HIGH POWER BATTERIES AND MOTORS
6.2 CASE STUDY ANALYSIS
6.2.1 JOBY AEROSPACE COMPLETES ALL-ELECTRIC FLIGHT WITH ELECTRIC VERTICAL TAKE-OFF AIR TAXI
6.2.2 EVIATION OFFERS ALICE, A 9-PASSENGER ELECTRIC PROPELLER-POWERED AIRPLANE
6.2.3 EXTRA AIRCRAFT'S EXTRA 330LE ELECTRIC PLANE POWERED BY SIEMENS ELECTRIC DRIVE SYSTEM
6.2.4 ROLLS ROYCE’S FIRST ALL ELECTRIC AIRCRAFT COMPLETES MAIDEN FLIGHT
6.3 INNOVATION & PATENT ANALYSIS
6.4 IMPACT OF MEGATREND
7 ELECTRIC AIRCRAFT MARKET, BY PLATFORM (Page No. - 65)
7.1 INTRODUCTION
FIGURE 19 THE LIGHT & ULTRALIGHT SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD
TABLE 7 ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 8 ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
7.2 REGIONAL TRANSPORT AIRCRAFT
7.2.1 THE INCREASING NEED FOR COST-EFFECTIVE SHORT-HAUL AIRLINERS IS EXPECTED TO FUEL THE GROWTH OF THIS SEGMENT
7.3 BUSINESS JETS
7.3.1 INCREASED CORPORATE ACTIVITIES AND THE NEED FOR AIRCRAFT WITH LOW CARBON FOOTPRINTS GLOBALLY TO DRIVE THE DEMAND FOR THESE JETS
7.4 LIGHT &ULTRALIGHT AIRCRAFT
TABLE 9 LIGHT & ULTRLIGHT AIRCRAFT MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 10 LIGHT & ULTRLIGHT ELECTRIC AIRCRAFT MARKET, BY TYPE, 2021–2030 (USD MILLION)
7.4.1 GENERAL AIRCRAFT
7.4.1.1 Developments in the electric propulsion of general aircraft are expected to drive this segment
7.4.2 TRAINER AIRCRAFT
7.4.2.1 Short takeoff and landing capability is driving the trainer aircraft segment
7.4.3 UAVS
7.4.3.1 Low noise footprint of electric UAVs fuel their adoption in civil and military applications
7.4.4 ADVANCED AIR MOBILITY
7.4.4.1 Electrical eVTOLs are used majorly in AAM applications
8 ELECTRIC AIRCRAFT MARKET, BY TYPE (Page No. - 70)
8.1 INTRODUCTION
FIGURE 20 THE HYBRID WING SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD
TABLE 11 ELECTRIC AIRCRAFT MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 12 ELECTRIC AIRCRAFT MARKET, BY TYPE, 2021–2030 (USD MILLION)
8.2 FIXED WING
8.2.1 FIXED WING ELECTRIC AIRCRAFT ARE WITNESSING ADOPTION FOR COMMERCIAL PASSENGER TRANSPORTATION
8.3 ROTARY WING
8.3.1 ROTARY WING ELECTRIC AIRCRAFT ARE ADOPTED FOR URBAN AIR MOBILITY
8.4 HYBRID WING
8.4.1 MISSION COMPLEXITY AND CONGESTED AIR TRAFFIC ARE FUELING THE GROWTH OF HYBRID WING AIRCRAFT
9 ELECTRIC AIRCRAFT MARKET, BY SYSTEM (Page No. - 73)
9.1 INTRODUCTION
FIGURE 21 THE BATTERIES SEGMENT IS PROJECTED TO LEAD THE ELECTRIC AIRCRAFT MARKET DURING THE FORECAST PERIOD
TABLE 13 ELECTRIC AIRCRAFT MARKET, BY SYSTEM, 2017–2020 (USD MILLION)
TABLE 14 ELECTRIC AIRCRAFT MARKET, BY SYSTEM, 2021–2030 (USD MILLION)
9.2 BATTERIES
9.2.1 ADVANCEMENTS IN BATTERY POWER DENSITY WOULD BE THE DRIVING FACTOR FOR THIS SEGMENT
9.3 ELECTRIC MOTORS
9.3.1 ELECTRIC MOTORS PROVIDE BETTER POWER TO WEIGHT RATIO OF AIRCRAFT
9.4 AEROSTRUCTURES
9.4.1 ADVANCED AEROSTRUCTURES HELP ENHANCE AIRCRAFT PERFORMANCE, CONSERVE ENERGY, AND LOWER COSTS
9.5 AVIONICS
9.5.1 URBAN AIR MOBILITY AIRCRAFT ENCOURAGING ADVANCEMENTS IN AVIONICS SYSTEMS
9.6 SOFTWARE
9.6.1 ADVANCED SOFTWARE SYSTEMS ARE REQUIRED TO RUN COMPLICATED SYSTEMS OF URBAN AIR MOBILITY AIRCRAFT
9.7 OTHERS
10 ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY (Page No. - 78)
10.1 INTRODUCTION
FIGURE 22 VTOL SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD
TABLE 15 ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 16 ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)
10.2 CTOL
10.2.1 INCREASING DEVELOPMENTS IN BUSINESS JET AND REGIONAL TRANSPORT AIRCRAFT WILL DRIVE THIS SEGMENT
10.3 STOL
10.3.1 INCREASING DEVELOPMENTS IN HYBRID WING AIRCRAFT IS EXPECTED TO FUEL THE GROWTH OF THE STOL SEGMENT
10.4 VTOL
10.4.1 LARGE DEPLOYMENT OF VTOL AIRCARFT FOR AIR TAXI AND EMS SERVICES WILL DRIVE THIS SEGMENT
11 ELECTRIC AIRCRAFT MARKET, BY APPLICATION (Page No. - 81)
11.1 INTRODUCTION
FIGURE 23 THE CIVIL SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD
TABLE 17 ELECTRIC AIRCRAFT MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
TABLE 18 ELECTRIC AIRCRAFT MARKET, BY APPLICATION, 2021–2030 (USD MILLION)
11.2 CIVIL
11.2.1 INCREASING DEVELOPMENTS IN URBAN MOBILITY APPLICATIONS WILL DRIVE THIS SEGMENT
11.3 MILITARY
11.3.1 THE NEED FOR LOW NOISE ISR MISSIONS WILL BOOST THE MILITARY SEGMENT
12 REGIONAL ANALYSIS (Page No. - 84)
12.1 INTRODUCTION
FIGURE 24 ELECTRIC AIRCRAFT MARKET: REGIONAL SNAPSHOT
12.2 IMPACT OF COVID-19 ON THE ELECTRIC AIRCRAFT MARKET
TABLE 19 ELECTRIC AIRCRAFT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
TABLE 20 ELECTRIC AIRCRAFT MARKET SIZE, BY REGION, 2021–2030 (USD MILLION)
12.3 NORTH AMERICA
FIGURE 25 NORTH AMERICA ELECTRIC AIRCRAFT MARKET SNAPSHOT
12.3.1 PESTLE ANALYSIS: NORTH AMERICA
TABLE 21 NORTH AMERICA: ELECTRIC UAV MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 22 NORTH AMERICA: ELECTRIC UAV MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
TABLE 23 NORTH AMERICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 24 NORTH AMERICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 25 NORTH AMERICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 26 NORTH AMERICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2021–2030 (USD MILLION)
12.3.2 US
12.3.2.1 Presence of leading OEMs expected to drive the market
TABLE 27 US: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 28 US: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.3.3 CANADA
12.3.3.1 Aircraft modernization programs expected to drive the market
TABLE 29 CANADA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 30 CANADA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.4 ASIA PACIFIC
FIGURE 26 ASIA PACIFIC ELECTRIC AIRCRAFT MARKET SNAPSHOT
12.4.1 PESTLE ANALYSIS: ASIA PACIFIC
TABLE 31 ASIA PACIFIC: ELECTRIC UAV MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 32 ASIA PACIFIC: ELECTRIC UAV MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
TABLE 33 ASIA PACIFIC: ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 34 ASIA PACIFIC: ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 35 ASIA PACIFIC: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 36 ASIA PACIFIC: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2021–2030 (USD MILLION)
12.4.2 CHINA
12.4.2.1 Increasing demand for ecofriendly commercial aircraft to drive the market
TABLE 37 CHINA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 38 CHINA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.4.3 INDIA
12.4.3.1 Increased spending for the modernization of armed forces is expected to drive the market
TABLE 39 INDIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 40 INDIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.4.4 JAPAN
12.4.4.1 Increasing in-house development of aircraft to drive the market
TABLE 41 JAPAN: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 42 JAPAN: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.4.5 AUSTRALIA
12.4.5.1 Increase in usage of military and commercial drones to drive the market
TABLE 43 AUSTRALIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 44 AUSTRALIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.4.6 SOUTH KOREA
12.4.6.1 Modernization programs in the aviation industry expected to drive the market
TABLE 45 SOUTH KOREA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 46 SOUTH KOREA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.4.7 REST OF ASIA PACIFIC
12.4.7.1 Increasing investment in UAM projects as well as military spending
TABLE 47 REST OF APAC: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 48 REST OF APAC: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.5 EUROPE
FIGURE 27 EUROPE ELECTRIC AIRCRAFT MARKET SNAPSHOT
12.5.1 PESTLE ANALYSIS: EUROPE
TABLE 49 EUROPE: ELECTRIC UAV MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 50 EUROPE: ELECTRIC UAV MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
TABLE 51 EUROPE: ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 52 EUROPE: ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 53 EUROPE: ELECTRIC AIRCRAFT MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 54 EUROPE: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2021–203O (USD MILLION)
12.5.2 UK
12.5.2.1 Technological advancements in air travel to drive the market
TABLE 55 UK: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 56 UK: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.5.3 FRANCE
12.5.3.1 Significant investments in aerospace to drive the market
TABLE 57 FRANCE: ELECTRIC UAVS MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 58 FRANCE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.5.4 GERMANY
12.5.4.1 Rising investments in air travel and connectivity to drive the market
TABLE 59 GERMANY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 60 GERMANY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.5.5 ITALY
12.5.5.1 Projects related to energy-efficient air freight and passenger transportation will boost the regional market
TABLE 61 ITALY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 62 ITALY: ELECTRIC UAVS MARKET, SUBTYPE, 2021–2030 (USD MILLION)
12.5.6 RUSSIA
12.5.6.1 Increase in the military budget to manufacture advanced aircraft expected to drive the market
TABLE 63 RUSSIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 64 RUSSIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.5.7 REST OF EUROPE
TABLE 65 REST OF EUROPE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 66 REST OF EUROPE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.6 MIDDLE EAST
12.6.1 PESTLE ANALYSIS: MIDDLE EAST
TABLE 67 MIDDLE EAST: ELECTRIC UAV MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 68 MIDDLE EAST: ELECTRIC UAV MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
TABLE 69 MIDDLE EAST: ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 70 MIDDLE EAST: ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 71 MIDDLE EAST: ELECTRIC AIRCRAFT MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 72 MIDDLE EAST: LIGHT & ULTRALIGHT AIRCRAFT MARKET, TYPE, 2021–2030 (USD MILLION)
12.6.2 ISRAEL
12.6.2.1 Increased spending on R&D for UAVs for military and commercial applications to drive the market
TABLE 73 ISRAEL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 74 ISRAEL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.6.3 UAE
12.6.3.1 An increase in commercial electric air taxi initiatives will drive this region
TABLE 75 UAE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 76 UAE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.6.4 SAUDI ARABIA
12.6.4.1 High military expenditure expected to drive the market
TABLE 77 SAUDI ARABIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 78 SAUDI ARABIA: ELECTRIC AIRCRAFT MARKET, LIGHT & ULTRALIGHT AIRCRAFT, BY UAVS, 2021–2030 (USD MILLION)
12.6.5 TURKEY
12.6.5.1 Increasing military spending expected to drive the market
TABLE 79 TURKEY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 80 TURKEY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.6.6 REST OF MIDDLE EAST
12.6.6.1 Increasing spending in military UAVs to drive the market
TABLE 81 REST OF MIDDLE EAST: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 82 REST OF MIDDLE EAST: ELECTRIC UAVS MARKET, SUBTYPE, 2021–2030 (USD MILLION)
12.7 LATIN AMERICA
12.7.1 PESTLE ANALYSIS: LATIN AMERICA
TABLE 83 LATIN AMERICA: ELECTRIC UAVS MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 84 LATIN AMERICA: ELECTRIC UAVS MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
TABLE 85 LATIN AMERICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 86 LATIN AMERICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
TABLE 87 LATIN AMERICA: ELECTRIC AIRCRAFT MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 88 LATIN AMERICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2021–2030 (USD MILLION)
12.7.2 BRAZIL
12.7.2.1 Brail to witness air taxi services by Airbus for intercity and intracity travel to reduce travel time
TABLE 89 BRAZIL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 90 BRAZIL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)
12.7.3 MEXICO
12.7.3.1 Presence of renowned OEMs lay the foundation for more efficient and sustainable city travel
TABLE 91 MEXICO: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 92 MEXICO: ELECTRIC UAVS MARKET, SUBTYPE, 2021–2030 (USD MILLION)
12.7.4 REST OF LATIN AMERICA
TABLE 93 REST OF LATIN AMERICA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)
TABLE 94 REST OF LATIN AMERICA: ELECTRIC UAVS MARKET, 2021–2030 (USD MILLION)
12.8 AFRICA
TABLE 95 AFRICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2017–2020 (USD MILLION)
TABLE 96 AFRICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2021–2026 (USD MILLION)
TABLE 97 AFRICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2017–2020 (USD MILLION)
TABLE 98 AFRICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2021–2030 (USD MILLION)
13 COMPETITIVE LANDSCAPE (Page No. - 123)
13.1 INTRODUCTION
13.2 MARKET SHARE ANALYSIS, 2020
TABLE 99 DEGREE OF COMPETITION
FIGURE 28 MARKET SHARE OF TOP PLAYERS IN THE ELECTRIC AIRCRAFT MARKET, 2019 (%)
13.3 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
13.4 COMPANY EVALUATION QUADRANT
13.4.1 STAR
13.4.2 EMERGING LEADER
13.4.3 PERVASIVE
13.4.4 PARTICIPANT
FIGURE 29 ELECTRIC AIRCRAFT MARKET COMPETITIVE LEADERSHIP MAPPING, 2020
13.5 STARTUPS/SME EVALUATION QUADRANT
13.5.1 PROGRESSIVE COMPANIES
13.5.2 RESPONSIVE COMPANIES
13.5.3 DYNAMIC COMPANIES
13.5.4 STARTING BLOCKS
FIGURE 30 AIRCRAFT ELECTRIC MARKET STARTUPS/SME COMPETITIVE LEADERSHIP MAPPING, 2020
TABLE 100 COMPANY PRODUCT FOOTPRINT
TABLE 101 COMPANY APPLICATION FOOTPRINT
TABLE 102 COMPANY RANGE FOOTPRINT
TABLE 103 COMPANY SUB-SYSTEM FOOTPRINT
TABLE 104 COMPANY REGION FOOTPRINT
13.6 COMPETITIVE SCENARIO
13.6.1 DEALS
TABLE 105 DEALS, 2017–2021
13.6.2 PRODUCT LAUNCHES
TABLE 106 PRODUCT LAUNCHES, 2017–2021
13.6.3 OTHERS
TABLE 107 OTHERS, 2017–2021
14 COMPANY PROFILES (Page No. - 143)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
14.1 KEY PLAYERS
14.1.1 AIRBUS SE
TABLE 108 AIRBUS SE: BUSINESS OVERVIEW
FIGURE 31 AIRBUS SE.: COMPANY SNAPSHOT
TABLE 109 AIRBUS SE.: DEALS
14.1.2 ELBIT SYSTEMS LTD.
TABLE 110 ELBIT SYSTEMS LTD.: BUSINESS OVERVIEW
FIGURE 32 ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT
TABLE 111 ELBIT SYSTEMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 112 ELBIT SYSTEMS LTD.: NEW PRODUCT DEVELOPMENTS
TABLE 113 ELBIT SYSTEMS LTD.: DEALS
14.1.3 AEROVIRONMENT, INC.
TABLE 114 AEROVIRONMENT, INC.: BUSINESS OVERVIEW
FIGURE 33 AEROVIRONMENT, INC.: COMPANY SNAPSHOT
TABLE 115 AEROVIRONMENT, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 116 AEROVIRONMENT, INC.: DEALS
14.1.4 ECA GROUP
TABLE 117 ECA GROUP: BUSINESS OVERVIEW
FIGURE 34 ECA GROUP: COMPANY SNAPSHOT
TABLE 118 ECA GROUP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
14.1.5 EHANG HOLDINGS LTD.
TABLE 119 EHANG HOLDINGS LTD.: BUSINESS OVERVIEW
FIGURE 35 EHANG HOLDINGS LTD.: COMPANY SNAPSHOT
TABLE 120 EHANG HOLDINGS LTD. PRODUCTS/SOLUTIONS/SERVICES OFFERED
14.1.6 ISRAEL AEROSPACE INDUSTRIES
TABLE 121 ISRAEL AEROSPACE INDUSTRIES: BUSINESS OVERVIEW
FIGURE 36 ISRAEL AEROSPACE INDUSTRIES.: COMPANY SNAPSHOT
TABLE 122 ISRAEL AEROSPACE INDUSTRIES PRODUCTS/SOLUTIONS/SERVICES OFFERED
14.1.7 EMBRAER SA
TABLE 123 EMBRAER SA: BUSINESS OVERVIEW
FIGURE 37 EMBRAER SA: COMPANY SNAPSHOT
TABLE 124 EMBRAER SA PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 125 EMBRAER SA: DEALS
14.1.8 PIPISTREL
TABLE 126 PIPISTREL: BUSINESS OVERVIEW
TABLE 127 PIPISTREL PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 128 PIPISTREL: DEALS
14.1.9 EVIATION AIRCRAFT
TABLE 129 EVIATION AIRCRAFT: BUSINESS OVERVIEW
TABLE 130 EVIATION AIRCRAFT PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 131 EVIATION AIRCRAFT: DEALS
14.1.10 LILIUM GMBH
TABLE 132 LILIUM GMBH: BUSINESS OVERVIEW
TABLE 133 LILIUM GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 134 LILIUM GMBH: DEALS
14.1.11 JOBY AVIATION, INC
TABLE 135 JOBY AVIATION, INC: BUSINESS OVERVIEW
TABLE 136 JOBY AVIATION, INC PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 137 JOBY AVIATION, INC: DEALS
14.1.12 ARCHER AVIATION INC.
TABLE 138 ARCHER AVIATION INC.: BUSINESS OVERVIEW
TABLE 139 ARCHER AVIATION INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 140 ARCHER AVIATION INC.: DEALS
14.1.13 VOLOCOPTER GMBH
TABLE 141 VOLOCOPTER GMBH: BUSINESS OVERVIEW
TABLE 142 VOLOCOPTER GMBH PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 143 VOLOCOPTER GMBH.: DEALS
14.1.14 SZ DJI TECHNOLOGY CO., LTD.
TABLE 144 SZ DJI TECHNOLOGY CO., LTD.: BUSINESS OVERVIEW
TABLE 145 SZ DJI TECHNOLOGY CO., LTD. PRODUCTS/SOLUTIONS/SERVICES OFFERED
14.1.15 YUNEEC INTERNATIONAL
TABLE 146 YUNEEC INTERNATIONAL: BUSINESS OVERVIEW
TABLE 147 YUNEEC INTERNATIONAL PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 148 YUNEEC INTERNATIONAL DEALS
14.1.16 AURORA FLIGHT SCIENCES
TABLE 149 AURORA FLIGHT SCIENCES: BUSINESS OVERVIEW
TABLE 150 AURORA FLIGHT SCIENCES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 151 AURORA FLIGHT SCIENCES: DEALS
14.1.17 VERTICAL AEROSPACE GROUP LTD.
TABLE 152 VERTICAL AEROSPACE GROUP LTD.: BUSINESS OVERVIEW
TABLE 153 VERTICAL AEROSPACE GROUP LTD. PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 154 VERTICAL AEROSPACE GROUP LTD. DEALS
14.1.18 HEART AEROSPACE
TABLE 155 HEART AEROSPACE: BUSINESS OVERVIEW
TABLE 156 HEART AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
TABLE 157 HEART AEROSPACE DEALS
14.2 OTHER PLAYERS
14.2.1 WRIGHT ELECTRIC, INC
14.2.2 BYE AEROSPACE
14.2.3 BETA TECHNOLOGIES
14.2.4 DELOREAN AEROSPACE
14.2.5 ELECTRIC AIRCRAFT CORPORATION
14.2.6 EXTRA AIRCRAFT
14.2.7 WISK AERO LLC.
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
15 APPENDIX (Page No. - 191)
15.1 DISCUSSION GUIDE
15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3 AVAILABLE CUSTOMIZATION
15.4 RELATED REPORTS
15.5 AUTHOR DETAILS
The research study involved the extensive use of secondary sources, directories, and databases such as D&B Hoovers, Bloomberg, and Factiva to identify and collect information relevant to the electric aircraft market. Primary sources include industry experts from the electric aircraft market as well as suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the value chain of this market. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), industry consultants, and C-level executives, were conducted to obtain and verify critical qualitative and quantitative information pertaining to the electric aircraft market as well as to assess the growth prospects of the market.
Secondary Research
In the secondary research process, various sources were referred to for identifying and collecting information for this study. The secondary sources included government sources, such as the International Air Transport Association (IATA); the Federal Aviation Administration (FAA); the General Aviation Manufacturers Association (GAMA); corporate filings such as annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases.
Primary Research
In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, product development/innovation teams, and related key executives from aircraft landing gear vendors; system integrators; component providers; distributors; and key opinion leaders.
Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, and installation teams of the customer/end users who are using electric aircraft were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of aircraft landing gear and future outlook of their business which will affect the overall market.
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Market Size Estimation
Both top-down and bottom-up approaches were used to estimate and validate the total size of the electric aircraft market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:
- Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
- All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
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Data Triangulation
After arriving at the overall size of the electric aircraft market from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the electric aircraft market size was validated using the top-down and bottom-up approaches.
Report Objectives
- To define, describe, segment, and forecast the electric aircraft market on the basis of platform, type, system, technology, application, and region
- To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa, along with major countries in each region
- To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the electric aircraft market
- To analyze technological advancements and product launches in the market
- To strategically analyze micromarkets, with respect to their growth trends, prospects, and their contribution to the market
- To identify financial positions, key products, and key developments of leading companies in the market
- To provide a detailed competitive landscape of the market, along with market share analysis
- To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
- To strategically profile key players in the market and comprehensively analyze their core competencies
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Additional country-level analysis of the electric aircraft market
- Profiling of additional market players (up to 5)
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the Electric Aircraft Market
Get in-depth analysis of the COVID-19 impact on the Electric Aircraft Market
Benchmarking the rapid strategy shifts of the Top 100 companies in the Electric Aircraft Market
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Growth opportunities and latent adjacency in Electric Aircraft Market
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