Electric Aircraft Market

Electric Aircraft Market by Type (Fixed Wing, Rotary Wing, Hybrid Wing), Platform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), System, Technology, Application and Region - Global Forecast to 2030

Report Code: AS 6154 Mar, 2023, by marketsandmarkets.com

[255 Pages Report] The Electric Aircraft Market was valued at $8,800 Million in 2022 and is estimated to grow from $10,100 Million USD in 2023 to $37,200 Million USD by 2030 at a CAGR (Compound Annual Growth Rate) of 19.8%. Rising demand for environment-friendly aircraft and the growing development of UAVs and electric VTOLs are the key factors driving the electric aircraft market.

Electric Aircraft Market

Electric Aircraft Market Forecast to 2030

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An electric aircraft uses batteries for power and propulsion, which is traditionally achieved by fossil fuels. There has been a growing need for sustainable alternatives to fossil fuel to reduce the carbon emissions resulting from aircraft, as the global aircraft fleet size and air travel is expected to increase in the future. Electric aircraft are more energy-efficient and are considered a cleaner and quieter mode of air travel. Recent technological advancements in power electronics, battery technologies, and electrical motors played a major role in driving the market for electric aircraft. The adoption of electric aircraft is expected to drive value and unlock significant improvements in terms of aircraft weight, energy efficiency, total life cycle cost, maintenance, and aircraft reliability.

Attractive Growth Opportunities in Electric Aircraft Market

Electric Aircraft Market by Dynamics

Electric Aircraft Market Dynamics
:

Driver: Growing Need for cleaner and quieter aircraft

According to the International Energy Agency (IEA), global flights produced around 720 million tons of carbon dioxide in 2021. The global aviation industry produces over 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 to 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 (France), Eviation (Israel), Embraer (Brazil), and Joby Aviation (US) 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 industry.

Opportunity: Emergence of Advanced Air Mobility

The purpose of advanced air mobility is to provide a convenient, safe, and affordable air travel system that will use highly automated aircraft transporting passengers or cargo at lower altitudes. Advanced air mobility includes services such as air taxis, commercial inter-city, cargo delivery, public services, or private/recreational vehicles. This presents a great market opportunity for electric aircraft manufacturers as the demand for this type of air mobility will only increase in the future, considering the ever-growing population and congestion of cities.

According to Roland Berger, advanced air mobility is expected to grow at the highest rate in the coming few years, and urban air taxis will dominate the full-electric advanced air mobility market. NASA hosted an Advanced Air Mobility National Campaign promoting confidence in the public and expediting the urban, suburban, rural, and regional advanced air mobility by 2022. The campaign had announced agreements with four new organizations, Electra Aero (US), Overair (US), Supernal (US), and Ellis & Associates (US), to exchange information related to the development and testing of vehicles, systems, and technology to integrate air taxis, cargo delivery, and other advanced aircraft concepts into the National Airspace System (NAS). With the existing propulsion technologies, long-range commercial flights might not seem possible. However, advanced air mobility aircraft certainly seems possible, and many of the manufacturers such as Pipistrel (Slovenia), Joby Aviation (US), and Eviation (Israel) are focusing on developing small all-electric aircraft. Innovative startups such as Joby Aviation have developed a flying eVTOL taxi prototype that can carry five people up to 150 miles on a single charge. They have also acquired Uber’s urban air mobility (UAM) initiative. Hence, advanced air mobility is a great opportunity for all electric aircraft manufacturers in the coming few years.

Challenge: Development of high energy density batteries

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.

The Aerostructures segment is estimated to dominate the electric aircraft market during the forecast period

By system, the aerostructures segment is estimated to dominate the electric aircraft market during the forecast period. Aerostructures account for the largest share of the total development cost of an aircraft. Newly developed electric aircraft, especially eVTOL aircraft, require some of the most advanced materials to make them lightweight while maintaining their structural strength. These factors contribute to the large share of the system segment in the electric aircraft market.

The Rotary Wing segment to witness largest market share in 2022

Based on type, the electric aircraft market has been segmented into fixed wing, rotary wing, and hybrid wing. The rotary wing segment is estimated to account for the largest share of the electric aircraft market in 2022. This is due to the increased deployment of rotary wing air taxis to reduce the price and convenience of urban flights.

North American region is expected to have the highest market share during the forecast period

Based on region, the electric aircraft market has been segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. While North America is estimated to lead the electric aircraft market in 2022, the market in Latin American region is projected to register the highest CAGR during the forecast period. North American region constitutes that largest electric aircraft manufacturers and are also in the lead of adoption of the advanced air mobility solutions. Latin America having companies like Embraer (Brazil) that are receiving high numbers of contracts with their electric aircraft. Latin America is also leading with larger adoption of advanced air mobility solutions.

Electric Aircraft Market by Region

Electric Aircraft Market by Region

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Top Electric Aircraft Companies -
Key Market Players

The electric aircraft companies are dominated by globally established players such as Airbus SE (France), Eve Air Mobility (Brazil), Joby Aviation (US), Vertical Aerospace (UK), and Lilium N.V. (Germany) among others. These key players offer electric aircraft and services to different key stakeholders.

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Scope of the Report

Report Metric

Details

Market size available for years

2018-2030

Base year considered

2021

Forecast period

2022-2030

Forecast units

Value (USD)

Segments covered

Platform, Type, System, Application, Technology and Region

Geographies covered

North America, Europe, Asia Pacific, Middle East, Latin America and Africa

Companies covered

Airbus SE (France), Eve Air Mobility (Brazil), Joby Aviation (US), Vertical Aerospace (UK), and Lilium N.V. (Germany))

Electric Aircraft Market Highlights

This research report categorizes the Electric Aircraft market into End Use, Technology, Type, Detection, Component and Region.

Segment

Subsegment

By Type

  • Fixed Wing
  • Rotary Wing
  • Hybrid Wing

By System

  • Batteries
  • Electric Motors
  • Aerostructures
  • Avionics
  • Software
  • Others

By Technology

  • CTOL
  • STOL
  • VTOL

By Platform

  • Regional Transport Aircraft
  • Business Jets
  • Light & Ultralight Aircraft (General Aviation, Trainer Aircraft, UAVs, AAM)

By Application

  • Civil
  • Military

Recent Developments

  • In January 2023, Eviation Aircraft secured a contract from Aerus, an emerging regional airline in Mexico, for the supply of 30 of its commuter Alice aircraft. Aerus intends to utilize Alice for middle-mile travel across regions including Nuevo León, Tamaulipas, Coahuila, and Veracruz, providing historically underserved communities in northern areas of the country with access to carbon-free, cost-effective, and convenient air travel.
  • In December 2022, Eve Air Mobility (Eve), the subsidiary of Embraer SA, signed a Letter of Intent (LOI) with FlyBIS Aviation Limited (FlyBIS), an advanced air mobility start-up based in Caxias do Sul, in the south of Brazil, to collaborate on the development of eVTOL operations in Brazil and South America. Based on the agreement, FlyBIS will also purchase up to 40 of Eve’s eVTOL vehicles.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 21)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 MARKET SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 ELECTRIC AIRCRAFT MARKET SEGMENTATION AND REGIONAL SCOPE
           1.3.2 YEARS CONSIDERED
    1.4 INCLUSIONS AND EXCLUSIONS 
           TABLE 1 INCLUSIONS AND EXCLUSIONS IN ELECTRIC AIRCRAFT MARKET
    1.5 CURRENCY CONSIDERED 
    1.6 LIMITATIONS 
    1.7 MARKET STAKEHOLDERS 
    1.8 SUMMARY OF CHANGES 
 
2 RESEARCH METHODOLOGY (Page No. - 25)
    2.1 RESEARCH DATA 
           FIGURE 2 REPORT PROCESS FLOW
           FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key primary sources
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 SEGMENTS AND SUBSEGMENTS
    2.3 DEMAND- AND SUPPLY-SIDE ANALYSIS 
           2.3.1 INTRODUCTION
           2.3.2 DEMAND-SIDE INDICATORS
                    2.3.2.1 Growing trend of more electric technology
                    2.3.2.2 Increasing demand for new commercial aircraft
           2.3.3 SUPPLY-SIDE INDICATORS
                    2.3.3.1 Environmental and social pressure from governments to create disruptions in battery supply chains
    2.4 RECESSION IMPACT ANALYSIS 
           2.4.1 DEMAND-SIDE ANALYSIS
                    FIGURE 4 QUARTERLY REVENUE OF MAJOR ELECTRIC AIRCRAFT MANUFACTURERS, 2022–2023
           2.4.2 SUPPLY-SIDE ANALYSIS
    2.5 RESEARCH APPROACH AND METHODOLOGY 
           2.5.1 BOTTOM-UP APPROACH (DEMAND SIDE)
           2.5.2 ELECTRIC AIRCRAFT MARKET: BOTTOM-UP APPROACH
                    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)
           2.5.3 TOP-DOWN APPROACH
                    FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.6 TRIANGULATION AND VALIDATION 
           FIGURE 9 DATA TRIANGULATION
           2.6.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH
    2.7 GROWTH RATE FACTORS 
    2.8 ASSUMPTIONS 
    2.9 RISKS 
 
3 EXECUTIVE SUMMARY (Page No. - 37)
    FIGURE 10 AEROSTRUCTURES SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022
    FIGURE 11 ROTARY WING SEGMENT ESTIMATED TO DOMINATE MARKET IN 2022
    FIGURE 12 MILITARY SEGMENT ESTIMATED TO ACCOUNT FOR LARGER MARKET SHARE THAN CIVIL SEGMENT IN 2022
    FIGURE 13 NORTH AMERICA ESTIMATED TO ACCOUNT FOR LARGEST MARKET SHARE IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 40)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN ELECTRIC AIRCRAFT MARKET 
           FIGURE 14 GROWING NEED FOR CLEANER AND QUIETER AIRCRAFT TO DRIVE MARKET FROM 2022 TO 2030
    4.2 ELECTRIC AIRCRAFT MARKET, BY PLATFORM 
           FIGURE 15 LIGHT & ULTRALIGHT AIRCRAFT SEGMENT TO LEAD MARKET FROM 2022 TO 2030
    4.3 ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY 
           FIGURE 16 VTOL SEGMENT TO LEAD MARKET FROM 2022 TO 2030
    4.4 ELECTRIC AIRCRAFT MARKET, BY COUNTRY 
           FIGURE 17 ELECTRIC AIRCRAFT MARKET IN UK TO REGISTER HIGHEST CAGR FROM 2022 TO 2030
 
5 MARKET OVERVIEW (Page No. - 42)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 18 ELECTRIC AIRCRAFT MARKET: 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 high energy density batteries
                    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 RECESSION IMPACT ANALYSIS 
           FIGURE 19 RECESSION IMPACT ANALYSIS
    5.4 PORTER’S FIVE FORCES ANALYSIS 
           TABLE 2 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 20 PORTER’S FIVE FORCES ANALYSIS
           5.4.1 THREAT OF NEW ENTRANTS
           5.4.2 THREAT OF SUBSTITUTES
           5.4.3 BARGAINING POWER OF SUPPLIERS
           5.4.4 BARGAINING POWER OF BUYERS
           5.4.5 INTENSITY OF COMPETITIVE RIVALRY
    5.5 VALUE CHAIN ANALYSIS 
           FIGURE 21 VALUE CHAIN ANALYSIS: ELECTRIC AIRCRAFT MARKET
           5.5.1 RAW MATERIALS
           5.5.2 R&D
           5.5.3 COMPONENT MANUFACTURING
           5.5.4 OEMS
           5.5.5 END USERS
           5.5.6 AFTER-SALES SERVICES
    5.6 MARKET ECOSYSTEM MAP 
           FIGURE 22 ELECTRIC AIRCRAFT MARKET: MARKET ECOSYSTEM
           5.6.1 PROMINENT COMPANIES
           5.6.2 PRIVATE AND SMALL ENTERPRISES
           5.6.3 END USERS
                    TABLE 3 ELECTRIC AIRCRAFT MARKET ECOSYSTEM
    5.7 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 23 TRENDS AND DISRUPTIONS IMPACTING ELECTRIC AIRCRAFT MARKET
    5.8 TRADE DATA ANALYSIS 
           TABLE 4 TRADE DATA TABLE FOR ELECTRIC AIRCRAFT MARKET
    5.9 TECHNOLOGY ANALYSIS 
           5.9.1 LITHIUM-SULFUR BATTERIES
           5.9.2 HYDROGEN FUEL CELLS
           5.9.3 HIGH ENERGY DENSITY ELECTROCHEMICAL STORAGE FOR LARGE AIRCRAFT
           5.9.4 REDUCED CHARGING TIME OF AIRCRAFT BATTERIES
    5.10 TARIFF AND REGULATORY LANDSCAPE FOR AEROSPACE INDUSTRY 
           TABLE 5 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 6 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 7 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           TABLE 8 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    5.11 AVERAGE SELLING PRICE ANALYSIS 
           FIGURE 24 AVERAGE SELLING PRICE OF ELECTRIC AIRCRAFT ACROSS DIFFERENT PLATFORMS
           TABLE 9 AVERAGE SELLING PRICE: ELECTRIC AIRCRAFT MARKET, BY TYPE (USD MILLION)
    5.12 VOLUME DATA 
           TABLE 10 ELECTRIC AIRCRAFT DELIVERIES, BY TYPE, 2018-2021 (UNITS)
           TABLE 11 ELECTRIC AIRCRAFT DELIVERIES, BY TYPE, 2022-2030 (UNITS)
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                     FIGURE 25 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ELECTRIC AIRCRAFT
                     TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS OF ELECTRIC AIRCRAFT PRODUCTS AND SYSTEMS (%)
           5.13.2 BUYING CRITERIA
                     FIGURE 26 KEY BUYING CRITERIA FOR ELECTRIC AIRCRAFT PRODUCTS AND SYSTEMS
                     TABLE 13 KEY BUYING CRITERIA FOR ELECTRIC AIRCRAFT
    5.14 KEY CONFERENCES AND EVENTS IN 2022–2023 
           TABLE 14 ELECTRIC AIRCRAFT MARKET: CONFERENCES AND EVENTS, 2022–2023
 
6 INDUSTRY TRENDS (Page No. - 65)
    6.1 INTRODUCTION 
    6.2 TECHNOLOGY ADVANCEMENTS IN ELECTRIC AIRCRAFT MARKET 
           FIGURE 27 TECHNOLOGY ADVANCEMENTS IMPACTING MARKET
           6.2.1 URBAN AIR MOBILITY
           6.2.2 ENERGY HARVESTING
           6.2.3 HIGH-POWER BATTERIES AND MOTORS
    6.3 EMERGING TRENDS IN ELECTRIC AIRCRAFT MANUFACTURING 
           6.3.1 3D PRINTING
           6.3.2 ARTIFICIAL INTELLIGENCE
           6.3.3 PREDICTIVE MAINTENANCE
    6.4 SUPPLY CHAIN ANALYSIS 
           FIGURE 28 SUPPLY CHAIN ANALYSIS
    6.5 USE CASES 
           6.5.1 JOBY AEROSPACE COMPLETES ALL-ELECTRIC FLIGHT WITH ELECTRIC VERTICAL TAKE-OFF AIR TAXI
           6.5.2 EVIATION OFFERS ALICE, A 9-PASSENGER ELECTRIC PROPELLER-POWERED AIRPLANE
           6.5.3 EXTRA AIRCRAFT'S EXTRA 330LE ELECTRIC PLANE POWERED BY SIEMENS ELECTRIC DRIVE SYSTEM
           6.5.4 ROLLS ROYCE’S FIRST ALL-ELECTRIC AIRCRAFT COMPLETES MAIDEN FLIGHT
    6.6 PATENT ANALYSIS 
           TABLE 15 ELECTRIC AIRCRAFT MARKET: KEY PATENTS
 
7 ELECTRIC AIRCRAFT MARKET, BY PLATFORM (Page No. - 73)
    7.1 INTRODUCTION 
           FIGURE 29 LIGHT & ULTRALIGHT SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 16 ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
           TABLE 17 MARKET, BY PLATFORM, 2022–2030 (USD MILLION)
    7.2 REGIONAL TRANSPORT AIRCRAFT 
           7.2.1 INCREASING NEED FOR COST-EFFECTIVE SHORT-HAUL AIRLINERS EXPECTED TO DRIVE SEGMENT
    7.3 BUSINESS JETS 
           7.3.1 INCREASED CORPORATE ACTIVITIES AND NEED FOR AIRCRAFT WITH LOW CARBON FOOTPRINT TO DRIVE DEMAND
    7.4 LIGHT & ULTRALIGHT AIRCRAFT 
           TABLE 18 LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 19 LIGHT & ULTRALIGHT ELECTRIC AIRCRAFT MARKET, BY TYPE, 2022–2030 (USD MILLION)
           7.4.1 GENERAL AIRCRAFT
                    7.4.1.1 Developments in electric propulsion of general aircraft expected to drive segment
           7.4.2 TRAINER AIRCRAFT
                    7.4.2.1 Short take-off and landing capability to drive segment
           7.4.3 UAVS
                    7.4.3.1 Low noise footprint of electric UAVs to fuel their adoption in civil and military applications
           7.4.4 ADVANCED AIR MOBILITY
                    7.4.4.1 Most eVTOL aircraft used in AAM applications
 
8 ELECTRIC AIRCRAFT MARKET, BY TYPE (Page No. - 78)
    8.1 INTRODUCTION 
           FIGURE 30 HYBRID WING SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 20 ELECTRIC AIRCRAFT MARKET, BY TYPE, 2018–2021 (USD MILLION)
           TABLE 21 MARKET, BY TYPE, 2022–2030 (USD MILLION)
    8.2 FIXED WING 
           8.2.1 FIXED WING ELECTRIC AIRCRAFT WITNESSING ADOPTION FOR COMMERCIAL PASSENGER TRANSPORTATION
    8.3 ROTARY WING 
           8.3.1 ROTARY WING ELECTRIC AIRCRAFT ADOPTED FOR URBAN AIR MOBILITY
    8.4 HYBRID WING 
           8.4.1 MISSION COMPLEXITY AND CONGESTED AIR TRAFFIC TO FUEL DEMAND FOR HYBRID WING AIRCRAFT
 
9 ELECTRIC AIRCRAFT MARKET, BY SYSTEM (Page No. - 81)
    9.1 INTRODUCTION 
           FIGURE 31 BATTERIES SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
           TABLE 22 ELECTRIC AIRCRAFT MARKET, BY SYSTEM, 2018–2021 (USD MILLION)
           TABLE 23 MARKET, BY SYSTEM, 2022–2030 (USD MILLION)
    9.2 BATTERIES 
           9.2.1 ADVANCEMENTS IN BATTERY POWER DENSITY TO DRIVE SEGMENT
    9.3 ELECTRIC MOTORS 
           9.3.1 ELECTRIC MOTORS PROVIDE BETTER POWER-TO-WEIGHT RATIO IN AIRCRAFT
    9.4 AEROSTRUCTURES 
           9.4.1 ADVANCED AEROSTRUCTURES HELP ENHANCE AIRCRAFT PERFORMANCE, CONSERVE ENERGY, AND LOWER COSTS
    9.5 AVIONICS 
           9.5.1 DEVELOPMENT OF URBAN AIR MOBILITY AIRCRAFT TO ENCOURAGE ADVANCEMENTS IN AVIONICS SYSTEMS
    9.6 SOFTWARE 
           9.6.1 ADVANCED SOFTWARE SYSTEMS REQUIRED TO RUN COMPLICATED SYSTEMS OF URBAN AIR MOBILITY AIRCRAFT
    9.7 OTHERS 
 
10 ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY (Page No. - 86)
     10.1 INTRODUCTION 
             FIGURE 32 VTOL SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
             TABLE 24 ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY, 2018–2021 (USD MILLION)
             TABLE 25 MARKET, BY TECHNOLOGY, 2022–2030 (USD MILLION)
     10.2 CTOL 
             10.2.1 INCREASING NEED FOR LONG-RANGE AIRCRAFT TO DRIVE DEMAND FOR BUSINESS JETS AND REGIONAL TRANSPORT AIRCRAFT
     10.3 STOL 
             10.3.1 INCREASING DEVELOPMENTS IN HYBRID WING AIRCRAFT TO DRIVE SEGMENT
     10.4 VTOL 
             10.4.1 LARGE DEPLOYMENT OF VTOL AIRCRAFT FOR AIR TAXI AND EMS SERVICES TO DRIVE SEGMENT
 
11 ELECTRIC AIRCRAFT MARKET, BY APPLICATION (Page No. - 89)
     11.1 INTRODUCTION 
             FIGURE 33 CIVIL SEGMENT TO LEAD MARKET DURING FORECAST PERIOD
             TABLE 26 ELECTRIC AIRCRAFT MARKET, BY APPLICATION, 2018–2021 (USD MILLION)
             TABLE 27 MARKET, BY APPLICATION, 2022–2030 (USD MILLION)
     11.2 CIVIL 
             11.2.1 INCREASING DEVELOPMENTS IN URBAN MOBILITY APPLICATIONS TO DRIVE SEGMENT
     11.3 MILITARY 
             11.3.1 NEED FOR LOW-NOISE AIRCRAFT IN ISR MISSIONS TO BOOST SEGMENT
 
12 ELECTRIC AIRCRAFT MARKET, BY REGION (Page No. - 92)
     12.1 INTRODUCTION 
               FIGURE 34 ELECTRIC AIRCRAFT MARKET: REGIONAL SNAPSHOT
     12.2 REGIONAL RECESSION IMPACT ANALYSIS 
               TABLE 28 REGIONAL RECESSION IMPACT ANALYSIS
               TABLE 29 MARKET, BY REGION, 2018–2021 (USD MILLION)
               TABLE 30 MARKET, BY REGION, 2022–2030 (USD MILLION)
     12.3 NORTH AMERICA 
             FIGURE 35 NORTH AMERICA ELECTRIC AIRCRAFT MARKET SNAPSHOT
             12.3.1 PESTLE ANALYSIS: NORTH AMERICA
                        TABLE 31 NORTH AMERICA: ELECTRIC UAV MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 32 NORTH AMERICA: ELECTRIC UAV MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
                        TABLE 33 NORTH AMERICA: MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 34 NORTH AMERICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2022–2030 (USD MILLION)
                        TABLE 35 NORTH AMERICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 36 NORTH AMERICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.3.2 US
                        12.3.2.1 Presence of leading OEMs to drive market
                                     TABLE 37 US: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 38 US: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
             12.3.3 CANADA
                        12.3.3.1 Aircraft modernization programs to drive market
                                     TABLE 39 CANADA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 40 CANADA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
     12.4 ASIA PACIFIC 
             FIGURE 36 ASIA PACIFIC ELECTRIC AIRCRAFT MARKET SNAPSHOT
             12.4.1 PESTLE ANALYSIS: ASIA PACIFIC
                        TABLE 41 ASIA PACIFIC: ELECTRIC UAV MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 42 ASIA PACIFIC: ELECTRIC UAV MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
                        TABLE 43 ASIA PACIFIC: MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 44 ASIA PACIFIC: ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2021–2030 (USD MILLION)
                        TABLE 45 ASIA PACIFIC: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 46 ASIA PACIFIC: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.4.2 CHINA
                        12.4.2.1 Increasing demand for eco-friendly commercial aircraft to drive market
                                     TABLE 47 CHINA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 48 CHINA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
             12.4.3 INDIA
                        12.4.3.1 Increased spending on armed forces modernization to drive market
                                     TABLE 49 INDIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 50 INDIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
             12.4.4 JAPAN
                        12.4.4.1 Increasing in-house development of aircraft to drive market
                                     TABLE 51 JAPAN: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 52 JAPAN: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
             12.4.5 AUSTRALIA
                        12.4.5.1 Increase in usage of military and commercial drones to drive market
                                     TABLE 53 AUSTRALIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 54 AUSTRALIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
             12.4.6 SOUTH KOREA
                        12.4.6.1 Modernization programs in aviation industry to drive market
                                     TABLE 55 SOUTH KOREA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 56 SOUTH KOREA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
             12.4.7 REST OF ASIA PACIFIC
                        TABLE 57 REST OF APAC: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                        TABLE 58 REST OF APAC: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
     12.5 EUROPE 
             FIGURE 37 EUROPE ELECTRIC AIRCRAFT MARKET SNAPSHOT
             12.5.1 PESTLE ANALYSIS: EUROPE
                        TABLE 59 EUROPE: ELECTRIC UAV MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 60 EUROPE: ELECTRIC UAV MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
                        TABLE 61 EUROPE: MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 62 EUROPE: MARKET, BY PLATFORM, 2022–2030 (USD MILLION)
                        TABLE 63 EUROPE: ELECTRIC AIRCRAFT MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 64 EUROPE: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.5.2 UK
                        12.5.2.1 Technological advancements in air travel to drive market
                                     TABLE 65 UK: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 66 UK: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
             12.5.3 FRANCE
                        12.5.3.1 Significant investments in aerospace to drive market
                                     TABLE 67 FRANCE: ELECTRIC UAVS MARKET, BY TYPE, 2018–2021 (USD MILLION)
                                     TABLE 68 FRANCE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
             12.5.4 GERMANY
                        12.5.4.1 Rising investments in air travel and connectivity to drive market
                                     TABLE 69 GERMANY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 70 GERMANY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
             12.5.5 ITALY
                        12.5.5.1 Projects related to energy-efficient air freight and passenger transportation to boost market
                                     TABLE 71 ITALY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 72 ITALY: ELECTRIC UAVS MARKET, SUBTYPE, 2022–2030 (USD MILLION)
             12.5.6 REST OF EUROPE
                        TABLE 73 REST OF EUROPE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                        TABLE 74 REST OF EUROPE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
     12.6 MIDDLE EAST 
             FIGURE 38 MIDDLE EAST ELECTRIC AIRCRAFT MARKET SNAPSHOT
             12.6.1 PESTLE ANALYSIS: MIDDLE EAST
                        TABLE 75 MIDDLE EAST: ELECTRIC UAV MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 76 MIDDLE EAST: ELECTRIC UAV MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
                        TABLE 77 MIDDLE EAST: MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 78 MIDDLE EAST: MARKET, BY PLATFORM, 2022–2030 (USD MILLION)
                        TABLE 79 MIDDLE EAST: MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 80 MIDDLE EAST: LIGHT & ULTRALIGHT AIRCRAFT MARKET, TYPE, 2022–2030 (USD MILLION)
             12.6.2 ISRAEL
                        12.6.2.1 Increased R&D spending on UAVs for military and commercial applications to drive market
                                     TABLE 81 ISRAEL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 82 ISRAEL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
             12.6.3 UAE
                        12.6.3.1 Increasing commercial electric air taxi initiatives to drive market
                                     TABLE 83 UAE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 84 UAE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
             12.6.4 SAUDI ARABIA
                        12.6.4.1 High military expenditure to drive market
                                     TABLE 85 SAUDI ARABIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 86 SAUDI ARABIA: ELECTRIC AIRCRAFT MARKET, LIGHT & ULTRALIGHT AIRCRAFT, BY UAVS, 2022–2030 (USD MILLION)
             12.6.5 TURKEY
                        12.6.5.1 Increasing investments in UAM ecosystem to drive market
                                     TABLE 87 TURKEY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 88 TURKEY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
             12.6.6 REST OF MIDDLE EAST
                        TABLE 89 REST OF MIDDLE EAST: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                        TABLE 90 REST OF MIDDLE EAST: ELECTRIC UAVS MARKET, SUBTYPE, 2022–2030 (USD MILLION)
     12.7 LATIN AMERICA 
             FIGURE 39 LATIN AMERICA ELECTRIC AIRCRAFT MARKET SNAPSHOT
             12.7.1 PESTLE ANALYSIS: LATIN AMERICA
                        TABLE 91 LATIN AMERICA: ELECTRIC UAVS MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                        TABLE 92 LATIN AMERICA: ELECTRIC UAVS MARKET, BY COUNTRY, 2022–2030 (USD MILLION)
                        TABLE 93 LATIN AMERICA: MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
                        TABLE 94 LATIN AMERICA: MARKET, BY PLATFORM, 2022–2030 (USD MILLION)
                        TABLE 95 LATIN AMERICA: MARKET, BY TYPE, 2018–2021 (USD MILLION)
                        TABLE 96 LATIN AMERICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2022–2030 (USD MILLION)
             12.7.2 BRAZIL
                        12.7.2.1 Introduction of air taxi services by Airbus for intercity and intracity travel to drive market
                                     TABLE 97 BRAZIL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 98 BRAZIL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2022–2030 (USD MILLION)
             12.7.3 MEXICO
                        12.7.3.1 Presence of renowned OEMs to result in more efficient and sustainable city travel
                                     TABLE 99 MEXICO: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                                     TABLE 100 MEXICO: ELECTRIC UAVS MARKET, SUBTYPE, 2022–2030 (USD MILLION)
             12.7.4 REST OF LATIN AMERICA
                        TABLE 101 REST OF LATIN AMERICA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2018–2021 (USD MILLION)
                        TABLE 102 REST OF LATIN AMERICA: ELECTRIC UAVS MARKET, 2022–2030 (USD MILLION)
     12.8 AFRICA 
             FIGURE 40 AFRICA ELECTRIC AIRCRAFT MARKET SNAPSHOT
             TABLE 103 AFRICA: MARKET, BY PLATFORM, 2018–2021 (USD MILLION)
             TABLE 104 AFRICA: MARKET, BY PLATFORM, 2022–2030 (USD MILLION)
             TABLE 105 AFRICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2018–2021 (USD MILLION)
             TABLE 106 AFRICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE, 2022–2030 (USD MILLION)
 
13 COMPETITIVE LANDSCAPE (Page No. - 136)
     13.1 INTRODUCTION 
     13.2 COMPETITIVE OVERVIEW 
             TABLE 107 KEY DEVELOPMENTS BY LEADING MARKET PLAYERS BETWEEN 2018 AND 2023
     13.3 MARKET SHARE ANALYSIS, 2021 
             FIGURE 41 MARKET SHARE OF TOP PLAYERS IN ELECTRIC AIRCRAFT MARKET, 2021 (%)
     13.4 REVENUE ANALYSIS 
             FIGURE 42 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS
     13.5 COMPANY EVALUATION QUADRANT 
             13.5.1 STARS
             13.5.2 EMERGING LEADERS
             13.5.3 PERVASIVE PLAYERS
             13.5.4 PARTICIPANTS
                        FIGURE 43 ELECTRIC AIRCRAFT MARKET COMPETITIVE LEADERSHIP MAPPING, 2021
                        TABLE 108 COMPANY PRODUCT FOOTPRINT
                        TABLE 109 COMPANY APPLICATION FOOTPRINT
                        TABLE 110 COMPANY RANGE FOOTPRINT
                        TABLE 111 COMPANY SYSTEM FOOTPRINT
                        TABLE 112 COMPANY REGION FOOTPRINT
     13.6 START-UPS/SME EVALUATION QUADRANT 
             13.6.1 PROGRESSIVE COMPANIES
             13.6.2 RESPONSIVE COMPANIES
             13.6.3 DYNAMIC COMPANIES
             13.6.4 STARTING BLOCKS
                        FIGURE 44 AIRCRAFT ELECTRIC MARKET START-UPS/SMES COMPETITIVE LEADERSHIP MAPPING, 2021
                        TABLE 113 ELECTRIC AIRCRAFT MARKET: DETAILED LIST OF KEY START-UPS/SMES
     13.7 COMPETITIVE SCENARIO 
             13.7.1 DEALS
                        TABLE 114 MARKET: DEALS, 2019–2023
             13.7.2 OTHERS
                        TABLE 115 ELECTRIC AIRCRAFT MARKET: OTHERS, 2019–2023
 
14 COMPANY PROFILES (Page No. - 177)
     14.1 KEY PLAYERS 
(Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View)*  
             14.1.1 AIRBUS SE
                        TABLE 116 AIRBUS SE: BUSINESS OVERVIEW
                        FIGURE 45 AIRBUS SE.: COMPANY SNAPSHOT
                        TABLE 117 AIRBUS SE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 118 AIRBUS SE.: DEALS
             14.1.2 ELBIT SYSTEMS LTD.
                        TABLE 119 ELBIT SYSTEMS LTD.: BUSINESS OVERVIEW
                        FIGURE 46 ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT
                        TABLE 120 ELBIT SYSTEMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 121 ELBIT SYSTEMS LTD.: DEALS
             14.1.3 AEROVIRONMENT, INC.
                        TABLE 122 AEROVIRONMENT, INC.: BUSINESS OVERVIEW
                        FIGURE 47 AEROVIRONMENT, INC.: COMPANY SNAPSHOT
                        TABLE 123 AEROVIRONMENT, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 124 AEROVIRONMENT, INC.: DEALS
             14.1.4 EVE AIR MOBILITY
                        TABLE 125 EVE AIR MOBILITY: BUSINESS OVERVIEW
                        FIGURE 48 EVE AIR MOBILITY: COMPANY SNAPSHOT
                        TABLE 126 EVE AIR MOBILITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 127 EVE AIR MOBILITY: DEALS
             14.1.5 EHANG HOLDINGS LTD.
                        TABLE 128 EHANG HOLDINGS LTD.: BUSINESS OVERVIEW
                        FIGURE 49 EHANG HOLDINGS LTD.: COMPANY SNAPSHOT
                        TABLE 129 EHANG HOLDINGS LTD. PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 130 EHANG HOLDINGS LTD: DEALS
             14.1.6 ISRAEL AEROSPACE INDUSTRIES
                        TABLE 131 ISRAEL AEROSPACE INDUSTRIES: BUSINESS OVERVIEW
                        FIGURE 50 ISRAEL AEROSPACE INDUSTRIES: COMPANY SNAPSHOT
                        TABLE 132 ISRAEL AEROSPACE INDUSTRIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.7 PIPISTREL
                        TABLE 133 PIPISTREL: BUSINESS OVERVIEW
                        TABLE 134 PIPISTREL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 135 PIPISTREL: DEALS
             14.1.8 EVIATION AIRCRAFT INC.
                        TABLE 136 EVIATION AIRCRAFT INC.: BUSINESS OVERVIEW
                        TABLE 137 EVIATION AIRCRAFT INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 138 EVIATION AIRCRAFT INC.: DEALS
             14.1.9 LILIUM N.V.
                        TABLE 139 LILIUM N.V.: BUSINESS OVERVIEW
                        TABLE 140 LILIUM N.V.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 141 LILIUM N.V.: DEALS
             14.1.10 JOBY AVIATION, INC.
                        TABLE 142 JOBY AVIATION, INC.: BUSINESS OVERVIEW
                        TABLE 143 JOBY AVIATION, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 144 JOBY AVIATION, INC.: DEALS
             14.1.11 ARCHER AVIATION INC.
                        TABLE 145 ARCHER AVIATION INC.: BUSINESS OVERVIEW
                        TABLE 146 ARCHER AVIATION INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 147 ARCHER AVIATION INC.: DEALS
             14.1.12 VOLOCOPTER GMBH
                        TABLE 148 VOLOCOPTER GMBH: BUSINESS OVERVIEW
                        TABLE 149 VOLOCOPTER GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 150 VOLOCOPTER GMBH.: DEALS
             14.1.13 SZ DJI TECHNOLOGY CO., LTD.
                        TABLE 151 SZ DJI TECHNOLOGY CO., LTD.: BUSINESS OVERVIEW
                        TABLE 152 SZ DJI TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             14.1.14 YUNEEC INTERNATIONAL
                        TABLE 153 YUNEEC INTERNATIONAL: BUSINESS OVERVIEW
                        TABLE 154 YUNEEC INTERNATIONAL: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 155 YUNEEC INTERNATIONAL: DEALS
             14.1.15 AURORA FLIGHT SCIENCES
                        TABLE 156 AURORA FLIGHT SCIENCES: BUSINESS OVERVIEW
                        TABLE 157 AURORA FLIGHT SCIENCES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 158 AURORA FLIGHT SCIENCES: DEALS
             14.1.16 VERTICAL AEROSPACE GROUP LTD.
                        TABLE 159 VERTICAL AEROSPACE GROUP LTD.: BUSINESS OVERVIEW
                        TABLE 160 VERTICAL AEROSPACE GROUP LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 161 VERTICAL AEROSPACE GROUP LTD.: DEALS
             14.1.17 HEART AEROSPACE
                        TABLE 162 HEART AEROSPACE: BUSINESS OVERVIEW
                        TABLE 163 HEART AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 164 HEART AEROSPACE: DEALS
*Details on Business Overview, Products/Solutions/Services offered, Recent Developments, MnM View might not be captured in case of unlisted companies.  
     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.
             14.2.8 JAUNT AIR MOBILITY
 
15 APPENDIX (Page No. - 249)
     15.1 DISCUSSION GUIDE 
     15.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     15.3 CUSTOMIZATION OPTIONS 
     15.4 RELATED REPORTS 
     15.5 AUTHOR DETAILS 
 

 

The research study conducted on the electric aircraft market involved extensive use of secondary sources, directories, and databases such as Hoovers, Bloomberg Businessweek, and Factiva to identify and collect information relevant to the Electric Aircraft market. The primary sources considered included industry experts from the Electric Aircraft market as well as raw material providers, Electric Aircraft manufacturers, solution providers, technology developers, alliances, government agencies, and aftermarket service providers related to all segments of the value chain of this industry. In-depth interviews with various primary respondents, including key industry participants, Subject Matter Experts (SMEs), industry consultants, and C-level executives have been 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

The ranking of companies operating in the Electric Aircraft market was arrived at based on secondary data made available through paid and unpaid sources, the analysis of product portfolios of the major companies in the market and rating them on the basis of their performance and quality. These data points were further validated by primary sources.

Secondary sources referred for this research study on the Electric Aircraft market included government sources, such as corporate filings that included annual reports, investor presentations, and financial statements, and trade, business, and professional associations. Secondary data was collected and analyzed to arrive at the overall market size, which was further validated by various primary respondents.

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.

Electric Aircraft Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the size of the Electric Aircraft market. The following figure offers a representation of the overall market size estimation process employed for the purpose of this study on the Electric Aircraft market.

The research methodology used to estimate the market size includes the following details:

  • Key players in this market were identified through secondary research, and their market share was determined through primary and secondary research. This included a study of the annual and financial reports of top market players and extensive interviews of leaders such as Chief Executive Officers (CEOs), directors, and marketing executives of leading companies operating in the Electric Aircraft market.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.

Market Size Estimation Methodology: Bottom-Up Approach

Electric Aircraft Market Size, and Bottom-Up Approach

Market Size Estimation Methodology: Top-Down Approach

Electric Aircraft Market Size, and Top-Down Approach

DataTriangulation

After arriving at the overall market size through the market size estimation process explained above, the total market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegments, the data triangulation and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand- and supply-sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Report Objectives

  • To define, describe, segment, and forecast the Electric Aircraft market based on platform, type, system, application, technology and Region.
  • To analyze demand- and supply-side indicators influencing the growth of the market
  • To understand the market structure by identifying high-growth segments and subsegments of the market
  • To provide in-depth market intelligence regarding key market dynamics, such as drivers, restraints, opportunities, and challenges, influencing the growth of the market
  • To forecast the revenues of market segments with respect to 6 main regions: North America, Europe, Asia Pacific, Middle East, Latin America and Africa.
  • To analyze technological advancements and new product launches in the market from 2019 to 2023
  • To provide a detailed competitive landscape of the market, in addition to market share analysis of leading players
  • To identify the financial position, product portfolio, and key developments of leading players operating in the market
  • To analyze micromarkets with respect to their individual growth trends, prospects, and contribution to the overall market
  • To provide a comprehensive analysis of business and corporate strategies adopted by key market players.
  • To profile key market players and comprehensively analyze their core competencies.

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per the specific needs of companies. The following customization options are available for the report:

Product Analysis

  • Product matrix, which gives a detailed comparison of the product portfolio of each company

Regional Analysis

  • Further breakdown of the market segments at country-level

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
AS 6154
Published ON
Mar, 2023
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