In a recent published report, Kenneth Research has updated the market report for Electric Aircraft Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Electric Aircraft Market products.
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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Electric Aircraft Market is estimated to reach $14.87 million by 2025; growing at a CAGR of 7.47% from 2017 to 2025. An electric aircraft is powered by electric motors. Electricity can be provided by many methods with batteries, solar cells, ground power cables, ultracapacitors, fuel cells as well as power beaming. With oil resources decreasing and disadvantages on greenhouse gas emissions increasing, electricity is an alternative power source for aircrafts. With benefits of electric aircraft compared to traditional aircraft as well as lower cost of ownership of electric aircraft, the global electric aircraft market is expected to register the high growth over the forecast period.
Key factors driving the growth of the global electric aircraft market include advantages of electric aircraft compared to traditional aircraft, and lower cost of ownership of electric aircraft. But, necessity for development of high-density battery solutions for electric aircraft may limit the growth of the electric aircraft market. Additionally, electrification of large commercial jets would provide new opportunities for players in this market.
The electric aircraft market has been categorized on the basis of Aircraft Type, Component, Technology, Power Density, and geography. By aircraft type, the market is further classified into Light Jet, and Ultralight Aircraft. By component, market is categorized into Electric Motor, Battery, and Other Components. Technology includes Hybrid, and All Electric. By power density, the market is separated into More than 500 KM, and Less than 500 KM.
Global electric aircraft market, on the basis of geography is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). North America is further bifurcated into U.S., Canada, and Mexico whereas Europe segment consist of UK, Russia, Germany, France, Italy, and Rest of Europe. Asia-Pacific is segmented into India, China, Japan, South Korea, and Rest of Asia-Pacific while RoW is bifurcated into South America, Middle East, and Africa.
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The key players operating in the market are Yuneec International, Zunum Aero, PC Aero, Pipistrel, Lilium, Eviation Aircraft, Schempp-Hirth, Volta-Volare, Electric Aircraft Corporation, and Bye Aerospace, among others.
The key takeaways from the report:
The report will provide detailed analysis of Global Electric Aircraft Market with respect to major segments such as aircraft type, component, technology, and power density
The report will include the qualitative and quantitative analysis with market estimation over 2016 – 2025 and compound annual growth rate (CAGR) between 2017 and 2025
Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report
An exhaustive regional analysis of Global Electric Aircraft Market has been included in the report
Profile of the key players in the Global Electric Aircraft Market will be provided, which include key financials, product & Synthetic Platelets, new developments and business strategies
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Scope of the Global Electric Aircraft Market:
Aircraft Type Segments
Light Jet
Ultralight Aircraft
Component Segments
Electric Motor
Battery
Other Components
Technology Segments
Hybrid
All Electric
Power Density Segments
More than 500 KM
Less than 500 KM
Geographical Segments
North America
U.S.
Canada
Mexico
Europe
UK
Russia
Germany
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
RoW
South America
Middle East
Africa
Table of Contents
Chapter 1: Prefix
1.1. Market Scope
1.2. Report Description
1.3. Research Methodology
1.3.1. Primary Research
1.3.2. Secondary Research
1.3.3. In-house Data Modeling
Chapter 2: Executive Summary
2.1. Global Electric Aircraft Market Year-on-Year Growth, 2017-2025(%)
Chapter 3: Market Outline
3.1. Market Inclination, Trend, Outlook and Viewpoint
3.2. Market Share Analysis: Company’s Competitive Scenario
3.3. Market Dynamics
3.3.1. Drivers
3.3.1.1. Impact Analysis
3.3.2. Restraints
3.3.2.1. Impact Analysis
3.3.3. Opportunities
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