Hybrid Aircraft Market

Hybrid Aircraft Industry worth $13.2 Billion by 2030

The report "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" The Hybrid Aircraft Market is estimated to be USD 1.2 Billion in 2023 to USD 13.2 Billion by 2030, at a CAGR of 41.6% from 2023 to 2030. The increasing demand for fast and effective transportation and increasing need for sustainable development are driving the growth of the hybrid aircraft market.

Browse 200 market data Tables and 50 Figures spread through 255 Pages and in-depth TOC on "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"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/hybrid-electric-aircraft-market-184129847.html

Based on mode of operation, the piloted segment is estimated to have the second highest CAGR during the forecast period.

The piloted segment is projected to grow at the second highest CAGR in the hybrid-electric aircraft market during the forecast period. The piloted segment involves human pilots who actively control and maneuver hybrid aircraft. Piloted hybrid aircraft offer certain advantages, such as human decision-making capabilities, adaptability to unexpected situations, and the ability to handle complex scenarios. Pilots can leverage their expertise and experience to respond effectively to changing conditions, perform manual flight maneuverers, and ensure higher confidence and trust for passengers. Piloted hybrid aircraft vehicles require human involvement as they do not have pre-programmed features. These are used in civil & commercial applications such as air taxis, cargo transportation, air ambulance, and personal air transportation. Passenger drone manufacturers are developing piloted drones capable of autonomous flight but requiring a pilot to perform only critical operations. Piloted hybrid aircraft segment is expected to grow as it fills the gap between short-haul routes, providing quicker connections and reducing congestion at major airports.

Based on aircraft type, the advanced air mobility segment is estimated to have the highest CAGR in the forecasted period.

The advanced air mobility segment is projected to grow at the highest CAGR in the hybrid aircraft market during the forecast period. Advanced Air Mobility (AAM) uses eVTOL aircraft that are usually short-range, runway independent, and highly automated. They incorporate non-traditional electric or hybrid propulsion for piloted or automated operations. Hybrid advanced air mobility technologies are in high demand because they have the ability to completely change urban transportation. Hybrid AAM vehicles are expected to grow exponentially due to its combined VTOL capabilities with effective hybrid power and its promise to ease traffic congestion and cut down on pollution.

Based on range, the <100 km segment is estimated to have the second highest CAGR in the forecasted period.

The <100 km segment is projected to grow at the second highest CAGR in the hybrid aircraft market during the forecast period. The < 100km segment majorly include advanced air mobility aircrafts and UAVs which are used for short distances. Hybrid-electric aircraft with this range are used for cargo delivery, surveillance and reconnaissance, monitoring, medical services and many more. These aircraft are of small size and their nimble maneuverability allows it to fit into small spaces and make shorter runway landings, increasing its operating flexibility.

Based on region, the Europe segment is estimated to have the highest CAGR and largest share during the forecast period.

The Europe region is projected to grow at the highest CAGR and largest share during the forecast period. Various technological advancements, increased demand for efficient transportation, and government support have propelled the expansion of hybrid aircraft market in this region. Europe has attracted several established aerospace companies and innovative startups to transform hybrid aircraft. The hybrid aircraft market in North America is also driven by a wide array of applications, including hybrid air taxis, cargo delivery, and emergency services. This growth is expected to bring about a transformative shift in hybrid-electric aircraft, revolutionizing the future of transportation in the region.

Major players operating in the hybrid-electric aircarft  market are XTI Aircraft (US), Electra Aero (US), Manta Aircraft (Italy), Transcend Air Corporation (US), and Ava Propulsion, Inc. (US), among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America, and Rest of the World.

Don’t miss out on business opportunities in Hybrid Aircraft Market. Speak to our analyst and gain crucial industry insights that will help your business grow.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on TwitterLinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]

Hybrid Aircraft Market Size,  Share & Growth Report
Report Code
AS 8760
PR Published ON
8/22/2023
Choose License Type
BUY NOW
ADJACENT MARKETS
REQUEST BUNDLE REPORTS
  • SHARE
X
Request Customization
Speak to Analyst
Speak to Analyst
OR FACE-TO-FACE MEETING
PERSONALIZE THIS RESEARCH
  • Triangulate with your Own Data
  • Get Data as per your Format and Definition
  • Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
  • Any level of Personalization
REQUEST A FREE CUSTOMIZATION
LET US HELP YOU!
  • What are the Known and Unknown Adjacencies Impacting the Hybrid Aircraft Market
  • What will your New Revenue Sources be?
  • Who will be your Top Customer; what will make them switch?
  • Defend your Market Share or Win Competitors
  • Get a Scorecard for Target Partners
CUSTOMIZED WORKSHOP REQUEST
  • Call Us
  • +1-888-600-6441 (Corporate office hours)
  • +1-888-600-6441 (US/Can toll free)
  • +44-800-368-9399 (UK office hours)
CONNECT WITH US
ABOUT TRUST ONLINE
©2024 MarketsandMarkets Research Private Ltd. All rights reserved
DMCA.com Protection Status
...

Digital Virtual Assistant - MarketsandMarkets

Home