The market for hybrid aircraft is projected to be USD 1.2 billion in 2023 and is estimated to reach USD 13.2 billion by 2030, at a CAGR of 41.6% during the forecast period. The growth of the hybrid aircraft market is due to an increase in alternate modes of transportation, technological advancements in the hybrid propulsion market, and rising need for sustainable development.
Airbus SE (France), Textron Inc. (US), Embraer (Brazil), ZeroAvia (US), and Ampaire (US) are among the key manufacturers in the hybrid aircraft market. These players have been focusing on securing government contracts for their organic growth. Their core competencies include high investments in R&D activities. Collaborations, product launches, contracts, and partnerships were the key growth strategies the leading market players adopted from 2020 to 2023. Of these, the players most widely adopted product launches and contracts strategies to remain competitive in the market.
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Airbus is a multinational company that designs, manufactures, and sells aeronautical goods, services, and solutions. It operates through its three business segments which include Airbus, Airbus Helicopters, and Airbus Defense and Space. Airbus Helicopters business includes civil and military helicopters as well as related services. Airbus is a global player, with its commercial aircraft revenue accounting for the leading market share in 2023. It has a strong base of reliable suppliers and a reliable network of distributors. The strong presence in the market allows it to get contracts and get into strategic partnerships with other leading players for technological initiatives. As part of a unique, long-term collaboration with Collins Aerospace (US), Emirates Airlines (UAE), GE Aviation (US), and Thales (France), and in partnership with the Dubai Future Foundation, Aviation X lab was formed to focus on technological innovations in aviation. Airbus aims to retain its leading market position in the coming decades by delivering innovative future technologies. The ZEROe, EcoPluse and E-Fan X concept aircraft were unveiled to explore a variety of configurations and technologies to develop future zero-emission aircraft. These demonstrators are being developed as part of the technology roadmap of Airbus Helicopters for zero-emission. The company-wide integration of research and technology is achieved through cross-portfolio technology planning and road mapping, giving an exhaustive view of technology targets and investments. In addition, its engagement with institutional and commercial partners and public agencies is achieved through common Research & Technology (R&T) cooperation. Central R&T (CRT) is a cross-divisional R&T organization that prepares long-term technological capabilities. CRT leads specific investigations in emerging research areas and conducts ambitious research projects while leveraging academic, scientific, and research institutions to best utilize their expertise.
Textron Inc. is a multi-industry company that is among the major players in the hybrid aircraft market. The company has been manufacturing hybrid aircraft from its acquired firms Bell Textron and Pipistrel. The company operates through its strategic business units, each focusing on specific markets and sectors. It has six major business segments: Bell Textron, Textron Aviation, Textron eAviation, Textron Systems, Textron Financials, and Industrial. Textron's Bell Textron segment manufactures helicopters for military and commercial applications, which has also entered the hybrid aircraft market with its Bell Nexus eVTOL, a hybrid-electric vertical takeoff and landing (VTOL) aircraft. The Textron eAviation business segment of Textron was formed in 2020 to focus on the development and production of hybrid eVTOL aircraft. With a focus on advancing the electric aviation industry, Textron eAviation designs innovative aircraft platforms and technologies. The core business model of Textron eAviation centers around the efficient creation, production, and support of electric aircraft for various applications, including urban air mobility, regional transportation, and special mission operations. The segment aims to provide sustainable, reliable, and efficient electric aircraft solutions to meet the evolving needs of the aviation industry. Textron acquired Pipistrel in 2022 and has combined the Textron eAviation segment with it.
Embraer designs, manufactures, and sells aircraft and equipment for the commercial, defense, and executive aviation sectors. It operates in the following areas: Commercial Aviation, Defense and Security, Executive aviation, Service & Support, and Others are some of the industries represented. The Commercial Aviation section is involved in the development, production, and sale of commercial jets, as well as the supply of regional aviation support services and aircraft leasing. The Defense and Security section is responsible for defense and security aircraft research, development, manufacturing, modification, and support, as well as other integrated products and solutions such as satellites and information and communication systems. The Executive aviation division is responsible for the design, manufacture, and sale of executive jets. The Service & Support segment offers its customers after-service solutions and support through a comprehensive portfolio of innovative and competitive solutions to ensure operational efficiency of Embraer and other aircraft manufacturers' products, thereby extending the useful life of commercial, executive, and defense aircraft. The Others category includes the provision of structural parts and hydraulic systems, as well as the manufacture of agricultural sprayers.
ZeroAvia is a British-American company developing hydrogen-electric powertrains for commercial aircraft. The company's products, ZA600 and ZA2000, are designed to power hybrid aircraft. ZeroAvia's powertrains are zero-emission and significantly quieter than traditional jet engines, making them a more sustainable and environmentally friendly option for aviation. ZeroAvia's products are also designed to be compatible with existing aircraft infrastructure, making them a more affordable and accessible option for airlines. The company has already conducted successful test flights of its ZA600 powertrain, and it is on track to begin commercial deliveries in 2024. In addition to its ZA600 and ZA2000 powertrains, ZeroAvia is also developing products for hybrid aircraft. These products are designed to combine the power of hydrogen fuel cells with traditional jet engines, providing airlines with a more efficient and emissions-reducing option for long-haul flights. The company is headquartered in Cranfield, UK, and has offices in the United States, Sweden, and Japan. ZeroAvia has raised funding from investors such as Amazon, Shell, and British Airways. ZeroAvia is well-positioned to be a leader in the development of hydrogen-electric aviation. The company has a strong team of engineers and executives with experience in the aviation industry, and it has a clear vision for the future of sustainable aviation. ZeroAvia is also backed by a strong group of investors who are committed to the company's mission. ZeroAvia is a leading company in the development of hydrogen-electric aviation. The company's products have the potential to revolutionize the aviation industry and make air travel more sustainable and environmentally friendly.
Ampaire Inc. is an electric aviation company that is with the mission to make air travel more sustainable by developing and commercializing hybrid-electric aircraft. Ampaire’ s hybrid-electric aircraft technology combines a battery-powered electric motor with a small gas-powered engine. This hybrid system allows the aircraft to fly longer distances and carry more passengers than a pure electric aircraft. It also reduces fuel consumption and emissions by up to 90%. Ampaire is developing a number of hybrid-electric aircraft, including the Electric EEL, the Eco Caravan, and the Eco Otter. Ampaire has partnerships with several major airlines and aircraft manufacturers, including United Airlines, Alaska Airlines, and GE Aviation. These partnerships will help Ampaire bring its hybrid-electric aircraft to the market and scale up its production. Ampaire is well-positioned to be a leader in the hybrid-electric aircraft market. The company has a strong team of experienced aviation professionals, proprietary electric aircraft technology, partnerships with major airlines and aircraft manufacturers, and government funding. These strengths give Ampaire a good chance of success in the hybrid aircraft market. Ampaire's main product is its hybrid-electric aircraft technology. The company also offers a range of services related to hybrid-electric aircraft, such as aircraft conversion, maintenance, and training. Ampaire's target market is airlines, air taxis, and other commercial operators of small aircraft. The company also sees potential in the general aviation market, such as for use by charter operators and flight schools. Ampaire's main competitors are other companies developing hybrid-electric aircraft. The company also faces competition from traditional aircraft manufacturers, who are developing their own hybrid aircraft programs. Ampaire plans to grow its business by developing new hybrid-electric aircraft, expanding its partnerships with airlines and aircraft manufacturers, and entering new markets. The company also plans to pursue government funding to support its development efforts.
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
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