Hybrid Aircraft Market

Hybrid Aircraft Market by Aircraft Type (Regional Transport Aircraft, Business Jets, Light Aircraft, UAVs, AAM), Power Source (Fuel Hybrid, Hydrogen Hybrid), Lift Technology, Mode of Operation, Range, System and Region - Global Forecast to 2030

Report Code: AS 8760 Aug, 2023, by marketsandmarkets.com

The Hybrid Aircraft Market size is estimated to grow from USD 1.2 billion in 2023 to USD 13.2 billion by 2030, at a CAGR of 41.6% from 2023 to 2030. The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.

Hybrid Aircraft Market

Hybrid Aircraft Market

Hybrid Aircraft Market Forecast to 2030

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Hybrid Aircraft Market Dynamics
:

Driver: Increasing demand for Short-Haul range connectivity

Short-haul range connectivity refers to air travel over relatively short distances, typically between nearby cities or regions. These flights are usually within a few hundred to a few thousand kilometers, and they are commonly served by regional airlines or low-cost carriers. Short-haul flights are essential for connecting smaller cities, supporting regional economies, and providing convenient transportation options for travellers. Hybrid aircraft, especially those with electric propulsion systems as primary source, are well-suited for short-haul flights because they can operate with greater fuel efficiency compared to traditional aircraft. Electric propulsion systems have the potential to significantly reduce fuel consumption and operating costs, which is particularly attractive for airlines operating frequent short-haul flights. Short-haul flights, despite their relatively short distances, can collectively contribute to a substantial carbon footprint due to the high number of takeoffs and landings involved. Hybrid aircraft offer the advantage of reduced emissions and lower noise levels, making them more environmentally friendly. Short-haul flights often operate in and out of airports located in or near urban areas. Hybrid aircraft, particularly those with electric propulsion, produce less noise during takeoff and flight, making them more suitable for operating in noise-sensitive regions. This can lead to reduced community opposition and support for expanding regional flight operations.

Hybrid-electric aircraft can have faster charging times compared to traditional aircraft refueling processes, which can be advantageous for airlines running frequent short-haul flights. This reduces turnaround times at airports, enabling more efficient flight scheduling and improved utilization of aircraft. Short-haul flights serve regional markets, connecting smaller cities and remote locations that may not have the infrastructure to accommodate large airports. Hybrid aircraft can offer flexible and economically viable solutions for regional air travel, supporting regional connectivity and economic development. High chance of Governments and regulatory bodies prioritizing and supporting the development and adoption of hybrid aircraft for short-haul flights could be seen in upcoming years. They recognize the potential environmental and economic benefits of such hybrid-aircraft in reducing emissions, noise pollution, and enhancing regional connectivity. As hybrid aircraft technology continues to advance, their capabilities, reliability, and performance improve, making them increasingly viable for short-haul operations. Advancements in battery technology, electric motors, and power management systems contribute to the feasibility of electric and hybrid-electric aircraft for regional flights.

Restraint: Weight and Payload Management

The weight and payload management in the hybrid aircraft market refers to the restrains associated with managing the weight of hybrid aircraft and its impact on the payload capacity. Hybrid aircraft often incorporate additional components, such as fuel cells, combustion engines, batteries and electric motors, to enable electric propulsion, which can lead to increased weight compared to traditional aircraft. This increased weight can have several implications for the aircraft's overall performance and payload capacity. The weight of an aircraft directly affects its performance, including its takeoff distance, climb rate, cruise speed, and fuel efficiency. The additional weight from hybrid-electric components can result in increased fuel consumption and reduced overall efficiency, impacting the aircraft's range and endurance. One of the critical restrain of hybrid aircraft is achieving a sufficient range for different operational requirements. The weight of batteries, electric motors, and associated power systems can limit the energy available for flight, affecting the aircraft's range and making it more suitable for shorter flights, such as regional or short-haul operations. The increased weight of hybrid aircraft components can reduce the available payload capacity, i.e., the weight of passengers, cargo, and other items that the aircraft can carry. This restrains can affect the commercial viability of the aircraft, as operators need to strike a balance between payload capacity and range, considering the specific mission requirements. Hybrid aircraft design requires careful consideration of weight distribution to maintain stability and flight characteristics. The positioning of heavy components like batteries and electric motors must be carefully optimized to ensure proper balance and performance during different flight phases. The weight of hybrid-electric components can influence the overall design of the aircraft, including its airframe, wings, and landing gear. Structural considerations are critical to ensure the aircraft can handle the additional weight while maintaining safety and reliability. Aircraft manufacturers face trade-offs when selecting the appropriate technologies for hybrid aircraft. They must balance the benefits of electric propulsion, such as reduced emissions, with the weight penalties associated with batteries and power systems.

Opportunity: sustainable development

Sustainable development is an major opportunity for the hybrid aircraft market in which sustainable development refers to the alignment of hybrid aircraft with the principles of sustainability, which encompasses environmental, social, and economic considerations. Hybrid aircraft offer various features that support sustainable development goals, making them a promising solution for the aviation industry. Hybrid aircraft, particularly those incorporating electric propulsion, have the potential to significantly reduce carbon emissions and other pollutants compared to traditional fossil-fuel-powered aircraft. By using electric motors or alternative fuels, hybrid aircraft can contribute to mitigating climate change and improving air quality, aligning with global efforts to reduce the aviation industry's environmental impact. Hybrid aircraft can enhance energy efficiency by leveraging a combination of propulsion systems to optimize fuel consumption. Electric propulsion can be particularly efficient during certain phases of flight, such as takeoff and landing, reducing the overall energy consumption of the aircraft. Hybrid aircraft can improve social equity and accessibility by connecting underserved regions, remote communities, and island nations. They can enable faster and more efficient travel, supporting economic growth, trade, and tourism in these areas. Hybrid aircraft's versatility allows them to operate from traditional airports and small airfields alike, offering greater flexibility for point-to-point connectivity, especially in regions with limited aviation infrastructure. The development of hybrid aircraft technology creates opportunities for innovation and investment in related industries, such as electric propulsion, battery technology, lightweight materials, and power management systems. This innovation can drive progress not only in aviation but also in other sectors, promoting sustainable technologies. Airlines and companies that adopt hybrid aircraft can demonstrate their commitment to sustainability and environmental responsibility, enhancing their brand image and corporate social responsibility initiatives.

Challenges: Supply chain integration

Supply chain integration is a challenge for the hybrid aircraft market due to the complexity and uniqueness of hybrid aircraft components and technologies. Hybrid aircraft incorporate various advanced systems, such as electric propulsion, fuel cells, SAF, conventional engines, batteries, power management, and lightweight materials, which may come from different suppliers. Coordinating the sourcing, production, and integration of these components requires seamless collaboration among multiple stakeholders, and any disruptions in the supply chain can impact production schedules and overall program timelines. Hybrid aircraft require components from multiple suppliers, each specializing in different technologies. Coordinating with different suppliers to ensure timely delivery and quality control can be challenging, especially when some components are sourced globally. Hybrid aircraft involve the integration of various advanced technologies, each with specific requirements and compatibility considerations. Ensuring that these technologies work together seamlessly requires close collaboration among the suppliers and the aircraft manufacturer. Maintaining consistent quality across the supply chain is crucial to ensuring the safety and reliability of the final product. Stringent quality control measures must be in place to verify the performance and reliability of each component. Hybrid aircraft production involves managing inventories of various components. Striking the right balance between maintaining adequate stock levels and avoiding excess inventory can be a delicate task. Some hybrid aircraft components may still be in the development or testing phase when the aircraft production begins. Ensuring that all components are technologically ready and available on schedule is essential to avoid delays.

Disruptions in the supply chain, such as delays or quality issues with critical components, can pose significant risks to the hybrid aircraft program. Robust risk management strategies are essential to mitigate these potential challenges. Close collaboration and clear communication among all suppliers and partners are essential for successful supply chain integration. This includes ensuring that everyone is aligned with the program's goals, timelines, and quality standards. Efficient supply chain integration requires careful cost management. The prices of components and technologies, as well as transportation and logistics costs, must be taken into account to avoid cost overruns.

Hybrid-electric Aircraft Market Ecosystem:

Hybrid-electric Aircraft Market by Ecosystem

Based on System, the electric motor’s segment is projected to have the second highest share in 2023

Based on system, the hybrid aircraft market has been segmented into Batteries & Fuel Cells, Electric Motors, Generators / Engines, Aerostructures, Avionics, Software and Others. Electric motors are used for propulsion, they weigh less than their piston-engine counterparts and in smaller aircraft they are used for shorter flights. These motors can improve the disparity between electric and gasoline energy densities. Electric motors are also used in flight control systems, environmental control systems, avionics systems, door actuation systems, landing and braking systems, and interior cabin systems. Replacing conventionally heavy hydraulic and pneumatic systems with electric motor run distribution systems allows aircraft to reduce their overall weight. Thus, the growth of electric motor segment is due to better power to weight ratio during the forecast period.

Based on lift technology, the STOL segment of the market is projected to grow at the second highest CAGR from 2023 to 2030.

Based on Lift Technology, hybrid-electric aircraft has been segmented into CTOL, STOL and VTOL.  A short takeoff and landing (STOL) aircraft have short runway requirements for takeoff and landing. The requirement of a runway for STOL is nearly 1200m and there have been developments on aircraft that would require a runway as short as 600 m for taking off and landing. These aircraft could use vectored thrusts and hybrid wing type as a lift plus cruise for taking off and landing. Companies Like Plana (South Korea) and Electra aero (US) are developing aircraft that have STOL capabilities. The increasing requirement in shorter takeoff for hybrid aircraft will drive the STOL Segment during the forecast period.

Based on power source, the hydrogen hybrid segment of the market is projected to grow at the highest CAGR from 2023 to 2030.

Based on power source, the hybrid-electric aircraft market has been segmented into fuel hybrid and hydrogen hybrid. Hydrogen electric propulsion systems combine electric power with a hydrogen fuel cell to generate electricity, offering a clean and efficient power source. A hybrid aircraft with a hydrogen electric propulsion fuel cell is an electrochemical cell that converts the chemical energy of fuel like hydrogen and an oxidizing agent like oxygen into electricity through a pair of redox reactions. Hydrogen electric aircraft provide extended range capabilities similar to conventional aircraft, along with quick refueling times compared to battery charging. Hydrogen fuel cells produce electricity without emitting greenhouse gases, positioning electric hydrogen aircraft as a promising solution for sustainable air transportation. Hence the lower maintenance and vibration free capability of the hydrogen hybrid segment will boost the hydrogen hybrid segment by power source segment during the forecast period.

Europe is expected to account for the highest CAGR in the forecasted period.

Europe is estimated to account for the highest CAGR in the forecasted period. The market growth in this region is expected to be fuelled by an advancement in technology and investments in hybrid aircraft during the forecast period. The major countries considered under this region are the UK, France, Germany, Italy, Russia and Rest of Europe. The key factor responsible for Europe leading the hybrid aircraft market is the high demand for new modes of transportation in the region. The growing demand for hybrid aircraft for commercial applications and their increasing utility in the civil sector to carry out transport and logistics activities are additional factors influencing the growth of the Europe Hybrid Aircraft market.

Hybrid Aircraft Market by Region

Hybrid Aircraft Market by Region

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Key Market Players

Players such as Airbus (France), Embraer (Brazil), Zeroavia (US), Textron, Inc. (US), Ampaire Inc. (US), and Embraer (Brazil) among others covers various industry trends and new technological innovations in the hybrid aircraft companies for the period 2020-2030.

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Scope of the Report

Report Metric

Details

Growth Rate

41.6%

Estimated Market Size in 2023

USD 1.2 Billion

Projected Market Size in 2030

USD 13.2 Billion

Market size available for years

2020-2030

Base year considered

2022

Forecast period

2023-2030

Forecast units

Value (USD)

Segments Covered

By power source, by aircraft type, by lift technology, by range, by mode of operation, by system

Geographies covered

North America, Europe, Asia Pacific, Latin America, and Rest of the World

Companies covered

Airbus SE (France), Embraer (Brazil), Textron Inc. (US), ZeroAvia (US) and Ampaire Inc. (US) are some of the major players of hybrid-electric aircraft market. (30 Companies)

Hybrid Aircraft Market Highlights

This research report categorizes the hybrid aircraft market based on power source, aircraft type, lift technology, range, mode of operation, system, and region.

Segment

Subsegment

By Aircraft Type

  • Regional Transport Aircraft
  • Business Jets
  • Light and Ultralight Aircraft
  • Unmanned Aerial Vehicles
  • Advanced Air Mobility

By Power Source

  • Fuel Hybrid
  • Hydrogen Hybrid

By Mode of Operation

  • Piloted
  • Autonomous

By Range

  • < 100 km
  • 101 km to 500 km
  • > 501 km

By Lift Technology

  • CTOL
  • STOL
  • VTOL 

By System

  • Batteries & Fuel Cells
  • Electric Motors
  • Generators/Engines
  • Aerostructures
  • Avionics
  • Software
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Rest of the World

Recent Developments

  • In June 2023, Airbus and STMicroelectronics a global semiconductor leader serving customers across the spectrum of electronics applications, have signed an agreement to cooperate on power electronics Research & Development to support more efficient and lighter power electronics, essential for future hybrid-powered aircraft and full-electric urban air vehicles.
  • In June 2023, Embraer and GKN Aerospace announced a collaboration agreement on cutting-edge hydrogen technological development programs. The agreement aims to accelerate the implementation of hydrogen technologies in aviation, reducing emissions and paving the way for a more sustainable future. The collaboration will also explore the potential for a hydrogen flight demonstrator. The agreement is part of Embraer's commitment to the global efforts to collaborate with the Air Transport industry’s commitment to achieve net zero carbon by 2050.
  • In June 2023, Air Cahana placed an order for 250 of ZeroAvia’s hydrogen-electric plane engines. The agreement represents a big step in the carrier’s goal of operating sustainable flights.
  • In January 2023, Ampaire announced a contract to upgrade Conecta’s Grand Caravans to Ampaire Eco Caravans. Azul has ordered upgrade kits for its Caravan fleet because it sees the hybrid-electric solution as the fastest way to deploy sustainable technologies, benefiting passengers and the environment.
  • In July 2023, Crane Aerospace & Electronics and Heart Aerospace have announced a collaboration to define the Electrical Power Distribution System on Heart’s ES-30 regional electric airplane.?? 

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 31)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 HYBRID AIRCRAFT MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED
    1.4 INCLUSIONS AND EXCLUSIONS 
           TABLE 1 INCLUSIONS AND EXCLUSIONS
    1.5 CURRENCY CONSIDERED 
           TABLE 2 USD EXCHANGE RATES
    1.6 LIMITATIONS 
    1.7 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 36)
    2.1 RESEARCH DATA 
           FIGURE 2 REPORT PROCESS FLOW
           FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary sources
                    2.1.2.2 Key data from primary sources
                               FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS
    2.2 FACTOR ANALYSIS 
           2.2.1 INTRODUCTION
           2.2.2 DEMAND-SIDE INDICATORS
           2.2.3 SUPPLY-SIDE INDICATORS
    2.3 RECESSION IMPACT ANALYSIS 
    2.4 RESEARCH APPROACH AND METHODOLOGY 
           2.4.1 BOTTOM-UP APPROACH
                    FIGURE 5 BOTTOM-UP APPROACH: MARKET SIZE CALCULATION
                    FIGURE 6 BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
                    FIGURE 7 TOP-DOWN APPROACH
    2.5 DATA TRIANGULATION 
           FIGURE 8 DATA TRIANGULATION
           2.5.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH
    2.6 GROWTH RATE FACTORS 
    2.7 RESEARCH ASSUMPTIONS 
    2.8 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 46)
    FIGURE 9 PILOTED SEGMENT TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 10 >501 KM TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
    FIGURE 11 HYDROGEN HYBRID SEGMENT TO REGISTER FASTEST GROWTH DURING FORECAST PERIOD
    FIGURE 12 NORTH AMERICA TO BE LARGEST MARKET IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 49)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN HYBRID AIRCRAFT MARKET 
           FIGURE 13 INCREASE IN DEMAND FOR GREEN AVIATION SOLUTIONS
    4.2 HYBRID AIRCRAFT MARKET, BY SYSTEM 
           FIGURE 14 BATTERIES AND FUEL CELLS TO HOLD MAXIMUM MARKET SHARE IN 2023
    4.3 HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY 
           FIGURE 15 CTOL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
    4.4 HYBRID AIRCRAFT MARKET, BY COUNTRY 
           FIGURE 16 CANADA TO BE FASTEST-GROWING COUNTRY BETWEEN 2023 AND 2030
 
5 MARKET OVERVIEW (Page No. - 51)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 17 HYBRID AIRCRAFT MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Growing demand for green and noise-free aircraft
                    5.2.1.2 Need for alternate mode of transportation
                               FIGURE 18 RISE IN GLOBAL POPULATION, 1950–2050
                    5.2.1.3 Increasing preference for short-haul connectivity
                    5.2.1.4 Rising fuel prices
           5.2.2 RESTRAINTS
                    5.2.2.1 Implications of increased aircraft weight
                    5.2.2.2 Lack of robust infrastructure
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Focus on sustainable development
                    5.2.3.2 Expansion of hybrid propulsion systems
           5.2.4 CHALLENGES
                    5.2.4.1 Stringent regulatory processes
                    5.2.4.2 Challenges associated with supply chain integration
    5.3 IMPACT OF RECESSION ON HYBRID AIRCRAFT MARKET 
    5.4 VALUE CHAIN ANALYSIS 
           FIGURE 19 VALUE CHAIN ANALYSIS
           5.4.1 RAW MATERIALS
           5.4.2 R&D
           5.4.3 COMPONENT MANUFACTURING
           5.4.4 OEMS
           5.4.5 END USERS
    5.5 ECOSYSTEM MAPPING 
           5.5.1 PROMINENT COMPANIES
           5.5.2 PRIVATE AND SMALL ENTERPRISES
           5.5.3 END USERS
                    FIGURE 20 ECOSYSTEM MAPPING
                    TABLE 3 ROLE OF KEY PLAYERS IN ECOSYSTEM
    5.6 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 21 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.7 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 22 PORTER’S FIVE FORCES ANALYSIS
           TABLE 4 PORTER’S FIVE FORCES ANALYSIS
           5.7.1 THREAT OF NEW ENTRANTS
           5.7.2 THREAT OF SUBSTITUTES
           5.7.3 BARGAINING POWER OF SUPPLIERS
           5.7.4 BARGAINING POWER OF BUYERS
           5.7.5 INTENSITY OF COMPETITIVE RIVALRY
    5.8 PRICING ANALYSIS 
           TABLE 5 AVERAGE PRICE TREND OF HYBRID AIRCRAFT, BY AIRCRAFT TYPE
    5.9 VOLUME DATA 
           TABLE 6 VOLUME DATA, BY AIRCRAFT TYPE (UNITS)
    5.10 TRADE ANALYSIS 
           TABLE 7 COUNTRY-WISE IMPORTS, 2020–2022 (USD THOUSAND)
           TABLE 8 COUNTRY-WISE EXPORTS, 2020–2022 (USD THOUSAND)
    5.11 TARIFF AND REGULATORY LANDSCAPE 
           TABLE 9 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES
           TABLE 10 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES
           TABLE 11 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER AGENCIES
    5.12 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 12 KEY CONFERENCES AND EVENTS, 2023–2024
    5.13 USE CASE ANALYSIS 
           5.13.1 URBAN AIR MOBILITY
           5.13.2 ENVIRONMENTAL SUSTAINABILITY
           5.13.3 AIR CARGO AND LOGISTICS
    5.14 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING HYBRID AIRCRAFT, BY MODE OF OPERATION
                    TABLE 13 INFLUENCE OF STAKEHOLDERS ON BUYING HYBRID AIRCRAFT, BY MODE OF OPERATION (%)
           5.14.2 BUYING CRITERIA
                    FIGURE 24 KEY BUYING CRITERIA FOR HYBRID AIRCRAFT, BY MODE OF OPERATION
                    TABLE 14 KEY BUYING CRITERIA FOR HYBRID AIRCRAFT, BY MODE OF OPERATION
 
6 INDUSTRY TRENDS (Page No. - 72)
    6.1 INTRODUCTION 
    6.2 TECHNOLOGY TRENDS 
           6.2.1 ARTIFICIAL INTELLIGENCE
           6.2.2 AUTOMATION
           6.2.3 IMPLEMENTATION OF HYBRID POWER SOURCES FOR URBAN AIR MOBILITY
           6.2.4 ADVANCED MANUFACTURING TECHNIQUES AND MATERIALS
           6.2.5 ADVANCEMENTS IN BATTERY TECHNOLOGY
    6.3 IMPACT OF MEGATRENDS 
           6.3.1 TECHNOLOGICAL ADVANCEMENTS
           6.3.2 INTERNET OF THINGS
           6.3.3 SUSTAINABLE AVIATION FUEL
    6.4 INNOVATION AND PATENT ANALYSIS 
           TABLE 15 INNOVATION AND PATENT ANALYSIS
    6.5 ROADMAP TO HYBRID AIRCRAFT COMMERCIALIZATION 
           FIGURE 25 DEVELOPMENT POTENTIAL OF HYBRID AIRCRAFT MARKET, 2020–2035
 
7 HYBRID AIRCRAFT MARKET, BY AIRCRAFT TYPE (Page No. - 89)
    7.1 INTRODUCTION 
           FIGURE 26 HYBRID AIRCRAFT MARKET, BY AIRCRAFT TYPE, 2023–2030
           TABLE 16 HYBRID AIRCRAFT MARKET, BY AIRCRAFT TYPE, 2020–2022 (USD MILLION)
           TABLE 17 HYBRID AIRCRAFT MARKET, BY AIRCRAFT TYPE, 2023–2030 (USD MILLION)
    7.2 REGIONAL TRANSPORT AIRCRAFT 
           7.2.1 NEED FOR COST-EFFECTIVE SHORT-HAUL AIRLINERS TO DRIVE GROWTH
    7.3 BUSINESS JETS 
           7.3.1 LOW OPERATING COST OF HYBRID ENGINES TO DRIVE GROWTH
    7.4 LIGHT AND ULTRALIGHT AIRCRAFT 
           7.4.1 EXTENDED OPERATIONAL RANGE TO DRIVE GROWTH
    7.5 UNMANNED AERIAL VEHICLES 
           7.5.1 IMPROVED PAYLOAD CAPACITY TO DRIVE GROWTH
    7.6 ADVANCED AIR MOBILITY 
           7.6.1 FOCUS ON ECO-FRIENDLY TRANSPORTATION TO DRIVE GROWTH
 
8 HYBRID AIRCRAFT MARKET, BY POWER SOURCE (Page No. - 93)
    8.1 INTRODUCTION 
           FIGURE 27 HYBRID AIRCRAFT MARKET, BY POWER SOURCE, 2023–2030
           TABLE 18 HYBRID AIRCRAFT MARKET, BY POWER SOURCE, 2020–2022 (USD MILLION)
           TABLE 19 HYBRID AIRCRAFT MARKET, BY POWER SOURCE, 2023–2030 (USD MILLION)
    8.2 FUEL HYBRID 
           8.2.1 INCREASING FUEL PRICES TO DRIVE GROWTH
    8.3 HYDROGEN HYBRID 
           8.3.1 LOW MAINTENANCE CAPABILITIES TO DRIVE GROWTH
 
9 HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION (Page No. - 96)
    9.1 INTRODUCTION 
           FIGURE 28 HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030
           TABLE 20 HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
           TABLE 21 HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
    9.2 PILOTED 
           9.2.1 ABILITY TO HANDLE COMPLEX SCENARIOS TO DRIVE GROWTH
    9.3 AUTONOMOUS 
           9.3.1 NEED FOR LIMITED HUMAN INTERVENTION TO DRIVE GROWTH
 
10 HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY (Page No. - 99)
     10.1 INTRODUCTION 
             FIGURE 29 HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030
             TABLE 22 HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
             TABLE 23 HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
     10.2 CTOL 
             10.2.1 RIGOROUS DEVELOPMENTS IN BUSINESS JETS TO DRIVE GROWTH
     10.3 STOL 
             10.3.1 WIDESPREAD USE IN URBAN TRANSPORTATION TO DRIVE GROWTH
     10.4 VTOL 
             10.4.1 FLEXIBLE TRANSPORTATION CAPABILITIES TO DRIVE GROWTH
 
11 HYBRID AIRCRAFT MARKET, BY RANGE (Page No. - 102)
     11.1 INTRODUCTION 
             FIGURE 30 HYBRID AIRCRAFT MARKET, BY RANGE, 2023–2030
             TABLE 24 HYBRID AIRCRAFT MARKET, BY RANGE, 2020–2022 (USD MILLION)
             TABLE 25 HYBRID AIRCRAFT MARKET, BY RANGE, 2023–2030 (USD MILLION)
     11.2 <100 KM 
             11.2.1 ABILITY TO FIT IN SMALL SPACES TO DRIVE GROWTH
     11.3 101–500 KM 
             11.3.1 RISE IN INTERCITY TRAVEL TO DRIVE GROWTH
     11.4 >501 KM 
             11.4.1 INCREASED PREFERENCE FOR LONG-HAUL FLIGHTS TO DRIVE GROWTH
 
12 HYBRID AIRCRAFT MARKET, BY SYSTEM (Page No. - 105)
     12.1 INTRODUCTION 
             FIGURE 31 HYBRID AIRCRAFT MARKET, BY SYSTEM, 2023–2030
             TABLE 26 HYBRID AIRCRAFT MARKET, BY SYSTEM, 2020–2022 (USD MILLION)
             TABLE 27 HYBRID AIRCRAFT MARKET, BY SYSTEM, 2023–2030 (USD MILLION)
     12.2 BATTERIES AND FUEL CELLS 
             12.2.1 ADVANCEMENTS IN BATTERY POWER DENSITY AND HYDROGEN FUEL CELLS TO DRIVE GROWTH
     12.3 ELECTRIC MOTORS 
             12.3.1 IMPROVED POWER-TO-WEIGHT RATIO TO DRIVE GROWTH
     12.4 GENERATORS/ENGINES 
             12.4.1 DEMAND FOR SUSTAINABLE AVIATION SOLUTIONS TO DRIVE GROWTH
     12.5 AEROSTRUCTURES 
             12.5.1 ENHANCED PERFORMANCE AND SAFETY TO DRIVE GROWTH
     12.6 AVIONICS 
             12.6.1 ABILITY TO MAINTAIN STABLE FLIGHT DYNAMICS TO DRIVE GROWTH
     12.7 SOFTWARE 
             12.7.1 NEED FOR REAL-TIME FLEET HEALTH MONITORING TO DRIVE GROWTH
     12.8 OTHERS 
 
13 HYBRID AIRCRAFT MARKET, BY REGION (Page No. - 110)
     13.1 INTRODUCTION 
             FIGURE 32 HYBRID AIRCRAFT MARKET, BY REGION, 2023–2030
             TABLE 28 HYBRID AIRCRAFT MARKET, BY REGION, 2020–2022 (USD MILLION)
             TABLE 29 HYBRID AIRCRAFT MARKET, BY REGION, 2023–2030 (USD MILLION)
     13.2 REGIONAL RECESSION IMPACT ANALYSIS 
           TABLE 30 REGIONAL RECESSION IMPACT ANALYSIS
     13.3 NORTH AMERICA 
             13.3.1 RECESSION IMPACT ANALYSIS
             13.3.2 PESTLE ANALYSIS
                        FIGURE 33 NORTH AMERICA: HYBRID AIRCRAFT MARKET SNAPSHOT
                        TABLE 31 NORTH AMERICA: HYBRID AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 32 NORTH AMERICA: HYBRID AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
                        TABLE 33 NORTH AMERICA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                        TABLE 34 NORTH AMERICA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                        TABLE 35 NORTH AMERICA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                        TABLE 36 NORTH AMERICA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.3.3 US
                        13.3.3.1 Presence of domestic market leaders to drive growth
                                     TABLE 37 US: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 38 US: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 39 US: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 40 US: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.3.4 CANADA
                        13.3.4.1 Availability of low-cost raw materials to drive growth
                                     TABLE 41 CANADA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 42 CANADA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 43 CANADA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 44 CANADA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
     13.4 EUROPE 
             13.4.1 RECESSION IMPACT ANALYSIS
             13.4.2 PESTLE ANALYSIS
                        FIGURE 34 EUROPE: HYBRID AIRCRAFT MARKET SNAPSHOT
                        TABLE 45 EUROPE: HYBRID AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 46 EUROPE: HYBRID AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
                        TABLE 47 EUROPE: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                        TABLE 48 EUROPE: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                        TABLE 49 EUROPE: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                        TABLE 50 EUROPE: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.4.3 UK
                        13.4.3.1 Technological advancements to drive growth
                                     TABLE 51 UK: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 52 UK: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 53 UK: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 54 UK: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.4.4 FRANCE
                        13.4.4.1 Short-distance air travel to drive growth
                                     TABLE 55 FRANCE: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 56 FRANCE: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 57 FRANCE: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 58 FRANCE: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.4.5 GERMANY
                        13.4.5.1 Increasing investments in R&D to drive growth
                                     TABLE 59 GERMANY: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 60 GERMANY: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 61 GERMANY: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 62 GERMANY: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.4.6 ITALY
                        13.4.6.1 High demand for hybrid aircraft from commercial end users to drive growth
                                     TABLE 63 ITALY: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 64 ITALY: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 65 ITALY: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 66 ITALY: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.4.7 RUSSIA
                        13.4.7.1 Rising awareness toward environmental sustainability to drive growth
                                     TABLE 67 RUSSIA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 68 RUSSIA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 69 RUSSIA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 70 RUSSIA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.4.8 REST OF EUROPE
                        TABLE 71 REST OF EUROPE: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                        TABLE 72 REST OF EUROPE: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                        TABLE 73 REST OF EUROPE: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                        TABLE 74 REST OF EUROPE: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
     13.5 ASIA PACIFIC 
             13.5.1 RECESSION IMPACT ANALYSIS
             13.5.2 PESTLE ANALYSIS
                        FIGURE 35 ASIA PACIFIC: HYBRID AIRCRAFT MARKET SNAPSHOT
                        TABLE 75 ASIA PACIFIC: HYBRID AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 76 ASIA PACIFIC: HYBRID AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
                        TABLE 77 ASIA PACIFIC: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                        TABLE 78 ASIA PACIFIC: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                        TABLE 79 ASIA PACIFIC: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                        TABLE 80 ASIA PACIFIC: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.5.3 CHINA
                        13.5.3.1 Strategic planning for hybrid aircraft development to drive growth
                                     TABLE 81 CHINA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 82 CHINA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 83 CHINA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 84 CHINA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.5.4 INDIA
                        13.5.4.1 Dense population and urban congestion to drive growth
                                     TABLE 85 INDIA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 86 INDIA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 87 INDIA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 88 INDIA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.5.5 JAPAN
                        13.5.5.1 Diversification of commercial operations to drive growth
                                     TABLE 89 JAPAN: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 90 JAPAN: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 91 JAPAN: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 92 JAPAN: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.5.6 AUSTRALIA
                        13.5.6.1 Well-defined hybrid aircraft laws to drive growth
                                     TABLE 93 AUSTRALIA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 94 AUSTRALIA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 95 AUSTRALIA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 96 AUSTRALIA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.5.7 SOUTH KOREA
                        13.5.7.1 Favorable government initiatives to drive growth
                                     TABLE 97 SOUTH KOREA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 98 SOUTH KOREA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 99 SOUTH KOREA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 100 SOUTH KOREA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.5.8 REST OF ASIA PACIFIC
                        TABLE 101 REST OF ASIA PACIFIC: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                        TABLE 102 REST OF ASIA PACIFIC: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                        TABLE 103 REST OF ASIA PACIFIC: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                        TABLE 104 REST OF ASIA PACIFIC: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
     13.6 LATIN AMERICA 
             13.6.1 RECESSION IMPACT ANALYSIS
             13.6.2 PESTLE ANALYSIS
                        FIGURE 36 LATIN AMERICA: HYBRID AIRCRAFT MARKET SNAPSHOT
                        TABLE 105 LATIN AMERICA: HYBRID AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION)
                        TABLE 106 LATIN AMERICA: HYBRID AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)
                        TABLE 107 LATIN AMERICA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                        TABLE 108 LATIN AMERICA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                        TABLE 109 LATIN AMERICA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                        TABLE 110 LATIN AMERICA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.6.3 BRAZIL
                        13.6.3.1 Intercity and intracity air taxi services by Airbus to drive growth
                                     TABLE 111 BRAZIL: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 112 BRAZIL: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 113 BRAZIL: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 114 BRAZIL: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.6.4 MEXICO
                        13.6.4.1 Surge in VVIP travel to drive growth
                                     TABLE 115 MEXICO: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 116 MEXICO: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 117 MEXICO: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 118 MEXICO: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.6.5 REST OF LATIN AMERICA
                        TABLE 119 REST OF LATIN AMERICA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                        TABLE 120 REST OF LATIN AMERICA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                        TABLE 121 REST OF LATIN AMERICA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                        TABLE 122 REST OF LATIN AMERICA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
     13.7 REST OF THE WORLD 
             13.7.1 RECESSION IMPACT ANALYSIS
                        TABLE 123 REST OF THE WORLD: HYBRID AIRCRAFT MARKET, BY REGION, 2020–2022 (USD MILLION)
                        TABLE 124 REST OF THE WORLD: HYBRID AIRCRAFT MARKET, BY REGION, 2023–2030 (USD MILLION)
                        TABLE 125 REST OF THE WORLD: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                        TABLE 126 REST OF THE WORLD: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                        TABLE 127 REST OF THE WORLD: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                        TABLE 128 REST OF THE WORLD: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.7.2 MIDDLE EAST
                        13.7.2.1 Domestic airport expansion to drive growth
                                     TABLE 129 MIDDLE EAST: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 130 MIDDLE EAST: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 131 MIDDLE EAST: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 132 MIDDLE EAST: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
             13.7.3 AFRICA
                        13.7.3.1 Widespread use of hybrid aircraft for emergency medical services to drive growth
                                     TABLE 133 AFRICA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)
                                     TABLE 134 AFRICA: HYBRID AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)
                                     TABLE 135 AFRICA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)
                                     TABLE 136 AFRICA: HYBRID AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)
 
14 COMPETITIVE LANDSCAPE (Page No. - 158)
     14.1 INTRODUCTION 
             TABLE 137 STRATEGIES ADOPTED BY KEY PLAYERS IN HYBRID AIRCRAFT MARKET, 2022–2023
     14.2 RANKING ANALYSIS, 2022 
             FIGURE 37 MARKET RANKING OF KEY PLAYERS, 2022
     14.3 REVENUE ANALYSIS, 2022 
             FIGURE 38 REVENUE ANALYSIS OF KEY PLAYERS, 2022
     14.4 MARKET SHARE ANALYSIS, 2022 
             FIGURE 39 MARKET SHARE OF KEY PLAYERS, 2022
             TABLE 138 HYBRID AIRCRAFT MARKET: DEGREE OF COMPETITION
     14.5 COMPANY EVALUATION MATRIX 
             14.5.1 STARS
             14.5.2 EMERGING LEADERS
             14.5.3 PERVASIVE PLAYERS
             14.5.4 PARTICIPANTS
                        FIGURE 40 COMPANY EVALUATION MATRIX, 2022
     14.6 COMPANY FOOTPRINT 
           TABLE 139 COMPANY FOOTPRINT
           TABLE 140 SEGMENT FOOTPRINT
     14.7 START-UP/SME EVALUATION MATRIX 
             14.7.1 PROGRESSIVE COMPANIES
             14.7.2 RESPONSIVE COMPANIES
             14.7.3 DYNAMIC COMPANIES
             14.7.4 STARTING BLOCKS
                        FIGURE 41 START-UP/SME EVALUATION MATRIX, 2022
                        TABLE 141 HYBRID AIRCRAFT MARKET: KEY START-UPS/SMES
             14.7.5 COMPETITIVE BENCHMARKING
                        TABLE 142 COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
     14.8 COMPETITIVE SCENARIOS AND TRENDS 
             14.8.1 PRODUCT LAUNCHES
                        TABLE 143 PRODUCT LAUNCHES, 2020–2023
             14.8.2 DEALS
                        TABLE 144 DEALS, 2020–2023
 
15 COMPANY PROFILES (Page No. - 184)
(Business Overview, Products Offered, Recent Developments, MnM View Right to win, Strategic choices made, Weaknesses and competitive threats) *  
     15.1 KEY PLAYERS 
             15.1.1 AIRBUS
                        TABLE 145 AIRBUS: COMPANY OVERVIEW
                        FIGURE 42 AIRBUS: COMPANY SNAPSHOT
                        TABLE 146 AIRBUS: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 147 AIRBUS: PRODUCT LAUNCHES
                        TABLE 148 AIRBUS: DEALS
             15.1.2 TEXTRON INC.
                        TABLE 149 TEXTRON INC.: COMPANY OVERVIEW
                        FIGURE 43 TEXTRON INC.: COMPANY SNAPSHOT
                        TABLE 150 TEXTRON INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 151 TEXTRON INC.: DEALS
             15.1.3 EMBRAER
                        TABLE 152 EMBRAER: COMPANY OVERVIEW
                        FIGURE 44 EMBRAER: COMPANY SNAPSHOT
                        TABLE 153 EMBRAER: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 154 EMBRAER: DEALS
             15.1.4 ZEROAVIA
                        TABLE 155 ZEROAVIA: COMPANY OVERVIEW
                        TABLE 156 ZEROAVIA: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 157 ZEROAVIA: DEALS
             15.1.5 AMPAIRE, INC.
                        TABLE 158 AMPAIRE, INC.: COMPANY OVERVIEW
                        TABLE 159 AMPAIRE, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 160 AMPAIRE, INC.: DEALS
             15.1.6 FARADAIR AEROSPACE
                        TABLE 161 FARADAIR AEROSPACE: COMPANY OVERVIEW
                        TABLE 162 FARADAIR AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 163 FARADAIR AEROSPACE: DEALS
             15.1.7 HEART AEROSPACE
                        TABLE 164 HEART AEROSPACE: COMPANY OVERVIEW
                        TABLE 165 HEART AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 166 HEART AEROSPACE: DEALS
             15.1.8 HORIZON AIRCRAFT, INC.
                        TABLE 167 HORIZON AIRCRAFT, INC.: COMPANY OVERVIEW
                        TABLE 168 HORIZON AIRCRAFT, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 169 HORIZON AIRCRAFT, INC.: DEALS
             15.1.9 BOMBARDIER, INC.
                        TABLE 170 BOMBARDIER, INC.: COMPANY OVERVIEW
                        FIGURE 45 BOMBARDIER, INC.: COMPANY SNAPSHOT
                        TABLE 171 BOMBARDIER, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
             15.1.10 SAFRAN
                        TABLE 172 SAFRAN: COMPANY OVERVIEW
                        FIGURE 46 SAFRAN: COMPANY SNAPSHOT
                        TABLE 173 SAFRAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 174 SAFRAN: DEALS
             15.1.11 RAYTHEON TECHNOLOGIES CORPORATION
                        TABLE 175 RAYTHEON TECHNOLOGIES CORPORATION: COMPANY OVERVIEW
                        FIGURE 47 RAYTHEON TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
                        TABLE 176 RAYTHEON TECHNOLOGIES CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 177 RAYTHEON TECHNOLOGIES CORPORATION: PRODUCT LAUNCHES
             15.1.12 HONEYWELL
                        TABLE 178 HONEYWELL: COMPANY OVERVIEW
                        FIGURE 48 HONEYWELL: COMPANY SNAPSHOT
                        TABLE 179 HONEYWELL: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 180 HONEYWELL: PRODUCT LAUNCHES
                        TABLE 181 HONEYWELL: DEALS
             15.1.13 GENERAL ELECTRIC
                        TABLE 182 GENERAL ELECTRIC: COMPANY OVERVIEW
                        FIGURE 49 GENERAL ELECTRIC: COMPANY SNAPSHOT
                        TABLE 183 GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 184 GENERAL ELECTRIC: PRODUCT LAUNCHES
                        TABLE 185 GENERAL ELECTRIC: DEALS
             15.1.14 ROLLS ROYCE
                        TABLE 186 ROLLS ROYCE: COMPANY OVERVIEW
                        FIGURE 50 ROLLS ROYCE: COMPANY SNAPSHOT
                        TABLE 187 ROLLS ROYCE: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 188 ROLLS ROYCE: PRODUCT LAUNCHES
             15.1.15 GKN AEROSPACE
                        TABLE 189 GKN AEROSPACE: COMPANY OVERVIEW
                        TABLE 190 GKN AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
             15.1.16 VOLTAERO
                        TABLE 191 VOLTAERO: COMPANY OVERVIEW
                        TABLE 192 VOLTAERO: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 193 VOLTAERO: PRODUCT LAUNCHES
                        TABLE 194 VOLTAERO: DEALS
             15.1.17 ELECTRIC AVIATION GROUP
                        TABLE 195 ELECTRIC AVIATION GROUP: COMPANY OVERVIEW
                        TABLE 196 ELECTRIC AVIATION GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 197 ELECTRIC AVIATION GROUP: DEALS
             15.1.18 PLANA
                        TABLE 198 PLANA: COMPANY OVERVIEW
                        TABLE 199 PLANA: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 200 PLANA: DEALS
             15.1.19 ASCENDANCE FLIGHT TECHNOLOGIES
                        TABLE 201 ASCENDANCE FLIGHT TECHNOLOGIES: COMPANY OVERVIEW
                        TABLE 202 ASCENDANCE FLIGHT TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 203 ASCENDANCE FLIGHT TECHNOLOGIES: DEALS
             15.1.20 XTI AIRCRAFT
                        TABLE 204 XTI AIRCRAFT: COMPANY OVERVIEW
                        TABLE 205 XTI AIRCRAFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED?
                        TABLE 206 XTI AIRCRAFT: DEALS
     15.2 OTHER PLAYERS 
             15.2.1 ELECTRA.AERO, INC.
             15.2.2 MANTA AIRCRAFT
             15.2.3 AMSL AERO PTY. LTD.
             15.2.4 TRANSCEND AIR CORPORATION
             15.2.5 AVA PROPULSION, INC.
             15.2.6 SKYFLY TECHNOLOGIES LTD.
             15.2.7 H2FLY
             15.2.8 COSTRUZIONI AERONAUTICHE TECNAM S.P.A.
             15.2.9 ELROY AIR
             15.2.10 AIRSPACE EXPERIENCE TECHNOLOGIES, INC.
*Details on Business Overview, Products Offered, Recent Developments, MnM View, Right to win, Strategic choices made, Weaknesses and competitive threats might not be captured in case of unlisted companies.  
 
16 APPENDIX (Page No. - 248)
     16.1 DISCUSSION GUIDE 
     16.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     16.3 CUSTOMIZATION OPTIONS 
     16.4 RELATED REPORTS 
     16.5 AUTHOR DETAILS 
 

 

This research study used secondary sources, directories, and databases like D&B Hoovers, Bloomberg Businessweek, and Factiva to identify and collect information relevant to the hybrid-electric aircraft market. Primary sources included industry experts from the core and related industries, preferred suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all the segments of this industry’s value chain. All primary sources were interviewed to obtain and verify critical qualitative and quantitative information and assess prospects for the market's growth during the forecast period.

Secondary Research:

The share of companies in the hybrid aircraft market was determined using secondary data made available through paid and unpaid sources and by analyzing their product portfolios. The companies were rated based on the performance and quality of their products. These data points were further validated by primary sources. Secondary sources that were referred to for this research study on the hybrid aircraft market included financial statements of companies offering and developing hybrid aircraft products and solutions and information from various trade, business, and professional associations, among others. Secondary data was collected and analyzed to arrive at the overall size of the hybrid aircraft market, which was further validated by primary respondents.

Primary Research:

Extensive primary research was conducted after obtaining information about the current scenario of the hybrid aircraft market through secondary research. Several primary interviews were conducted with market experts from the demand and supply sides across North America, Europe, Asia Pacific, Latin America, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.

In the primary research process, various primary sources from both the 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 vice presidents, directors, regional managers, technology providers, product development teams, distributors, and end users.

Primary interviews were conducted to gather insights such as market statistics, data on revenue collected from the products & services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the trends related to aircraft type, lift technology, range, mode of operation, system, and region. Stakeholders from the demand side, such as CXOs, production managers, engineers, and installation teams of end users of hybrid-electric aircraft, were interviewed to understand the buyer’s perspective on the suppliers, products, service providers, and their current usage and future outlook of their business, which could affect the hybrid-electric aircraft market.

Hybrid Aircraft Market Size, and Share

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

Market Size Estimation

Top-down and bottom-up approaches were used to estimate and validate the size of the hybrid aircraft market. The research methodology used to estimate the size of the market includes the following details.

The key players in the hybrid-electric aircraft market were identified through secondary research, and their market shares were determined through primary and secondary research. This included a study of the annual and financial reports of the top market players and extensive interviews with leaders such as directors, engineers, marketing executives, and other stakeholders of leading companies operating in the hybrid 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 on the hybrid aircraft market. This data was consolidated, enhanced with detailed inputs, analyzed by MarketsandMarkets, and presented in this report.

Market size estimation methodology: Bottom-up Approach

Hybrid Aircraft Market Size, and Bottom-up Approach

Market size estimation methodology:Top-Down Approach

Hybrid Aircraft Market Size, and Top-Down Approach

Market Definition

A hybrid aircraft is an advanced aircraft platform that combines different propulsion systems, typically combining conventional internal combustion engines with electric motors or alternative power sources. This integration aims to capitalize on the strengths of both traditional and modern technologies, resulting in improved operational efficiency, ecological sustainability, and overall performance. By incorporating elements like batteries or fuel cells, hybrid aircraft can curtail fuel consumption, emissions, and noise, standing apart from aircraft that rely solely on fossil fuels. These aircraft frequently utilize electric power during phases requiring less thrust, like taxiing or cruising, optimizing fuel consumption and lessening their environmental footprint. The development of hybrid aircraft stems from the aviation sector's growing emphasis on environmental responsibility and reduced carbon emissions. The concept of hybridization spans a range of aircraft types, encompassing commercial airliners, regional planes, drones, and urban air mobility vehicles. This technology holds the potential to reshape the aviation landscape, offering a harmonious blend of established aviation practices and emerging clean energy innovations.

Key Stakeholders

  • Raw Material suppliers
  • Hybrid aircraft subsystem manufacturers
  • Hybrid Aircraft manufacturers
  • Technology support providers
  • Logistics and transport solution providers
  • System Integrators
  • Government Agencies
  • Investors and Financial Community Professionals

Objectives of the Study

  • To define, describe, segment, and forecast the size of the hybrid aircraft market based on power source, aircraft type, range, mode of operation, lift technology, system, and region.
  • To analyze the degree of competition in the market by mapping the recent developments, products, and services of key market players
  • To understand the structure of the hybrid aircraft market by identifying its various segments and subsegments
  • To identify and analyze key drivers, restraints, opportunities, and challenges that influence the growth of the market.
  • To provide an overview of the tariff and regulatory landscape for the adoption of hybrid aircrafts across regions
  • To forecast the size of market segments across North America, Europe, Asia Pacific, Latin America, and Rest of the World along with major countries in each region
  • To identify transportation industry trends, market trends, and technology trends currently prevailing in the market
  • To analyze micromarkets with respect to individual technological trends and their contribution to the total market
  • To analyze opportunities in the market for stakeholders by identifying key market trends
  • To profile key market players and comprehensively analyze their market share and core competencies.
  • To provide a detailed competitive landscape of the market, along with an analysis of business and strategies such as mergers & acquisitions, partnerships, agreements, and product developments in the hybrid aircraft market
  • To identify detailed financial positions, key products, and unique selling points of leading companies in the market

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the hybrid 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 hybrid-electric aircraft market.
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 8760
Published ON
Aug, 2023
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