Electric Aircraft Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Platform (Regional Transport aircraft, Business Jets, light & Ultralight Aircraft), By Type (Fixed, Rotary, Hybrid), By Technology Type (CTOL, STOL, VTOL), By Region, Competition, 2019-2029F

Market Overview

Global Electric Aircraft Market was valued at USD 10.57 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.06% through 2029. The global electric aircraft market is experiencing significant growth driven by advancements in battery technology, increasing environmental concerns, and supportive government policies. Innovations in battery energy density and efficiency have made electric propulsion more viable, reducing the cost of operation and maintenance compared to traditional aircraft. This technological progress is complemented by a growing awareness of the environmental impact of aviation, leading to increased demand for sustainable and eco-friendly transportation solutions. Additionally, governments worldwide are implementing stringent emission regulations and providing subsidies and incentives for the development and adoption of electric aircraft, further accelerating market growth.

Trends in the electric aircraft market highlight a focus on urban air mobility (UAM) and the integration of autonomous systems. The rise of electric vertical take-off and landing (eVTOL) aircraft is a notable trend, with companies investing heavily in the development of air taxis and short-haul urban transit solutions. These aircraft aim to alleviate urban congestion and provide faster, more efficient transportation within cities. Another significant trend is the adoption of autonomous and semi-autonomous technologies, which enhance safety, reduce pilot workload, and optimize flight operations. Furthermore, collaborations and partnerships between aerospace giants, technology firms, and start-ups are fostering innovation and expediting the commercialization of electric aircraft.

Despite the promising growth, the electric aircraft market faces several challenges. One of the primary hurdles is the current limitations of battery technology, particularly in terms of energy density and weight, which restricts the range and payload capacity of electric aircraft. The development and certification of new aircraft designs are also complex and time-consuming processes, often requiring significant capital investment. Moreover, the lack of a comprehensive charging infrastructure poses a challenge for widespread adoption. Addressing these issues requires continuous research and development, investment in infrastructure, and regulatory frameworks that support the integration of electric aircraft into the existing airspace system. Overcoming these challenges will be crucial for the sustained growth and success of the electric aircraft market.

Market Drivers

Environmental Concerns and Sustainable Aviation

Environmental concerns, particularly related to greenhouse gas emissions and the aviation industry's carbon footprint, have become a critical driver for the adoption of electric aircraft. Traditional aircraft, powered by fossil fuels, are a significant contributor to global carbon emissions. As global awareness of climate change and sustainability grows, there is increasing pressure on the aviation industry to reduce its environmental impact. Electric aircraft offer a promising solution to this challenge. They produce zero emissions at the point of use and are inherently more energy-efficient than traditional combustion engines. By transitioning to electric propulsion, airlines can reduce their carbon footprint and align with global efforts to mitigate climate change. Governments and regulatory bodies are increasingly promoting the adoption of electric aircraft through incentives and emissions reduction targets. The market for electric aircraft benefits from this global shift towards sustainability, attracting investments and research into developing more efficient and cost-effective electric propulsion systems. As environmental concerns continue to drive change in the aviation industry, electric aircraft are well-positioned to play a crucial role in its sustainable future.For instance, in 2023 Airbus successfully met its objective of integrating 10% Sustainable Aviation Fuel (SAF) into its fuel blend. Through the utilization of SAF in aircraft deliveries, test flights, Beluga transport operations, and employee business trips, Airbus managed to curtail its CO2 emissions by 23,587 tonnes for the year. This milestone underscores Airbus's significant contribution to promoting sustainable practices within the aviation industry.

Advancements in Electric Propulsion Technologies

The rapid advancement of electric propulsion technologies is a key driver of the global electric aircraft market. These technologies encompass electric motors, power electronics, energy storage systems (batteries), and energy management systems. Over recent years, significant progress has been made in improving the efficiency, power density, and energy capacity of these components, making electric aircraft increasingly practical and economically viable. One of the most notable breakthroughs is in electric motor design. High-efficiency electric motors are now capable of providing the necessary power to propel a variety of aircraft, from small urban air mobility vehicles to larger regional planes. In addition, power electronics have become more compact and efficient, enabling better energy conversion and distribution. However, the most transformative advancements have been in energy storage systems, specifically batteries. Lithium-ion batteries have seen improvements in energy density and charging efficiency. Furthermore, emerging battery technologies, such as solid-state and lithium-sulfur batteries, hold the potential to further enhance the range and performance of electric aircraft. As these electric propulsion technologies continue to mature and evolve, electric aircraft become more practical and economically viable. Their extended range, reduced charging times, and improved reliability are essential factors that are driving the growth of the global electric aircraft market.

Reduced Operating Costs and Total Cost of Ownership

Reducing operating costs and the total cost of ownership is a significant driver in the global electric aircraft market. Electric propulsion systems offer numerous advantages that lead to cost savings for operators and, ultimately, more affordable air travel. One of the most notable cost-saving benefits of electric aircraft is the lower cost of energy. Electricity is typically more cost-effective than aviation fuels, which are subject to price volatility. Electric aircraft can be charged using a variety of energy sources, including renewables, further reducing operating costs. Maintenance costs are also significantly reduced with electric aircraft. Traditional internal combustion engines have many moving parts that require regular maintenance and overhaul. Electric motors are far simpler, with fewer components prone to wear and tear. This results in less frequent maintenance, reduced downtime, and lower maintenance expenses. Electric aircraft benefit from a simpler and more reliable propulsion system. Electric motors have fewer points of failure compared to traditional engines, which can be prone to mechanical issues. This enhances the overall reliability of electric aircraft, reducing the risk of unscheduled maintenance and flight disruptions. Furthermore, the reduced noise profile of electric aircraft can open up new routes and landing sites, potentially reducing landing fees and expanding opportunities for electric aviation operations. As electric aircraft continue to prove their cost-efficiency, more airlines and operators are inclined to invest in them, further propelling the growth of the global electric aircraft market. For instance in November 2023, Electra introduced a groundbreaking sustainable aircraft class, unlocking the potential of regional air mobility with reduced operational expenses and improved flight performance. Electra accomplished a notable feat by successfully conducting the world's inaugural Hybrid-Electric eSTOL Aircraft Flight. This maiden hybrid flight lasted 23 minutes, reaching an altitude of 3,200 feet and covering approximately 30 miles. Electra's cutting-edge technology enables a payload capacity 2.5 times greater and a range 10 times longer than vertical takeoff alternatives, all while reducing operating costs by 70%, thereby mitigating certification risks significantly.

Urban Air Mobility and Short-Haul Flight Needs

The emerging market for urban air mobility (UAM) and short-haul flights presents a significant driver for electric aircraft. With the global trend towards urbanization, the demand for efficient and sustainable urban transportation solutions is on the rise. Electric vertical takeoff and landing (eVTOL) aircraft and electric fixed-wing aircraft are particularly well-suited to meet these needs. Urban air mobility envisions a future where electric aircraft transport passengers and cargo efficiently within cities and metropolitan areas. These electric aircraft are designed to take off and land vertically, reducing the need for extensive runways and infrastructure. UAM offers potential solutions to urban congestion, providing a more rapid and eco-friendly means of transport. Electric aircraft are integral to the UAM vision due to their low noise emissions, reduced operational costs, and zero local emissions. Electric propulsion systems are quieter than traditional engines, which is crucial for operations within urban environments. Electric aircraft can be recharged at urban vertiports or helipads, reducing the need for extended refueling infrastructure. Short-haul flights, which often involve routes under 300 miles, are another area where electric aircraft can make a significant impact. These flights are well-suited for electric propulsion due to their relatively short distances, making electric aircraft more feasible for airlines seeking to reduce emissions and operational costs. As urban air mobility and short-haul electric flights gain traction, the market for electric aircraft is poised to expand rapidly, offering sustainable transportation solutions for urban areas and connecting nearby regions efficiently.

Government Initiatives and Investment

Government initiatives and investments at the national and regional levels are crucial drivers for the global electric aircraft market. Many governments are recognizing the potential of electric aviation in reducing emissions, boosting innovation, and fostering economic growth. To encourage the development and adoption of electric aircraft, governments offer a range of incentives, including research grants, tax benefits, and regulatory support. These incentives help reduce the initial capital costs and risks associated with electric aircraft development. They create a favorable environment for manufacturers and startups to invest in electric aviation technologies. Government investments in research and development are also instrumental in advancing electric propulsion technologies. Funding for battery research, electric motor development, and infrastructure creation is critical for the growth of the electric aircraft market. Regulatory support is essential in ensuring that electric aircraft can be safely integrated into existing airspace. Collaboration between government agencies, aviation authorities, and industry stakeholders is vital to establish certification standards and airworthiness requirements specific to electric aircraft. Furthermore, public-private partnerships and international collaboration are fostering innovation and knowledge sharing in the electric aviation sector. As government support and investment continue to fuel research, development, and infrastructure, the global electric aircraft market stands to benefit from accelerated growth and commercialization.

Download Free Sample Report

Key Market Challenges

Energy Storage and Battery Technology

One of the foremost challenges confronting the global electric aircraft market is the development of efficient and high-capacity energy storage solutions, primarily batteries. Electric aircraft rely on energy-dense batteries to power their electric motors, and the capabilities of these batteries directly impact the range, payload, and performance of these aircraft. Battery technology has been evolving rapidly, with advancements in energy density and longevity, but significant challenges persist. The energy density of batteries, which defines the amount of energy they can store relative to their weight, remains a key concern. Present-day lithium-ion batteries, while prevalent in the industry, may not provide the range required for long-haul flights, restricting electric aircraft to shorter distances. Charging and refueling infrastructure for these electric aircraft remains limited. Aircraft need specialized charging or hydrogen refueling stations, which are still in the early stages of deployment and development. The lack of a comprehensive charging network limits the operational range and flexibility of electric aircraft. Battery safety is another paramount concern. Thermal runaway events, although rare, pose a significant safety risk, as witnessed in incidents involving lithium-ion batteries in other applications. Ensuring the safety of batteries, particularly in aircraft, is essential for gaining public trust and regulatory approval. The cost of batteries also presents a challenge. While prices have been decreasing, high-quality aviation-grade batteries can still be prohibitively expensive. Reducing the cost of batteries is crucial to making electric aircraft economically competitive with traditional aircraft.

Limited Range and Endurance

The limited range and endurance of electric aircraft pose significant challenges to their widespread adoption, particularly for applications that require long-haul flights. Range limitations are primarily a result of current battery technology, which struggles to match the energy density of traditional aviation fuels. Electric aircraft are well-suited for short-haul flights, regional travel, and urban air mobility applications, but for the global aviation industry to fully embrace electric propulsion, they must overcome these constraints. Long-haul commercial flights, transoceanic routes, and intercontinental travel currently remain beyond the capabilities of electric aircraft. The limited range and endurance of electric aircraft affect their practicality for commercial, cargo, and military aviation. Airlines and cargo operators require aircraft with the ability to cover vast distances on a single charge. This limitation also hampers the adoption of electric aircraft for emergency medical services and search and rescue missions, where extended flight times are often crucial. Hydrogen fuel cells are often proposed as an alternative power source to address range and endurance limitations. While promising, the infrastructure required for hydrogen production, distribution, and refueling remains underdeveloped, and challenges related to hydrogen storage and safety persist.   Overcoming the range and endurance challenge necessitates a concerted effort in battery and energy storage technology research and development. The development of alternative power sources like hydrogen fuel cells, along with the necessary infrastructure, is essential to expanding the applications of electric aircraft.

Regulatory and Certification Hurdles

The electric aircraft market faces significant regulatory and certification challenges, which can hinder the commercialization of these innovative aircraft. Traditional aviation regulations were primarily designed for internal combustion engine-powered aircraft and may not readily apply to electric aircraft. Certifying electric aircraft to meet safety, airworthiness, and operational standards is a complex and time-consuming process. Regulators such as the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) are working to develop guidelines and standards specific to electric aviation, but harmonizing these standards across international borders is a significant undertaking. In addition to airworthiness, electric aircraft must address issues related to electromagnetic interference, battery safety, and emergency procedures specific to electric propulsion. Ensuring the safety of passengers and crew is paramount, and achieving regulatory compliance is essential for electric aircraft to operate alongside traditional aircraft safely. Regulatory challenges extend beyond safety. The airspace management system, which controls air traffic and flight routes, must adapt to accommodate electric aircraft. Coordinating takeoff, landing, and routing of electric aircraft requires adjustments to existing air traffic control procedures. The rules and regulations surrounding pilot training and certification need to be updated to incorporate electric propulsion systems and unique operating procedures. Ensuring that pilots are adequately trained to operate electric aircraft is a critical component of regulatory adaptation.

Infrastructure Development and Charging Networks

The lack of a comprehensive infrastructure for electric aircraft is a significant challenge. Electric aircraft require specialized charging or refueling infrastructure that is still in the early stages of development and deployment. Charging networks for electric aircraft vary in terms of voltage, amperage, and compatibility. Standardizing these charging stations is essential for ensuring that electric aircraft can operate seamlessly across different regions and airports. The development of charging infrastructure that can accommodate a range of electric aircraft sizes and types is a considerable undertaking. Electric aircraft pose unique challenges for energy storage and distribution. Ensuring that energy is stored and delivered safely and efficiently is crucial. The development of charging stations that can handle the high-power demands of electric aircraft, such as eVTOLs, is essential for their widespread adoption. The availability of charging infrastructure directly impacts the operational flexibility and range of electric aircraft. For these aircraft to be viable for regional, short-haul, and urban air mobility applications, infrastructure development must progress at a pace that matches the growth of the electric aircraft market. Furthermore, addressing infrastructure challenges extends beyond charging stations. The development of maintenance facilities, battery recycling and disposal processes, and the integration of electric aircraft into existing airport operations are also areas that require attention.

Economic Viability and High Initial Costs

The economic viability of electric aircraft remains a substantial challenge due to the high initial costs associated with their development and production. While electric aircraft offer long-term cost savings in terms of lower operating costs and reduced maintenance, the upfront investment required for research, development, and manufacturing is often prohibitive. Electric aircraft technologies, including high-capacity batteries and advanced electric motors, are still relatively expensive to produce, contributing to high initial acquisition costs. This cost barrier presents challenges for manufacturers and operators, particularly when they need to compete with well-established, conventional aircraft models. While advancements in battery technology may eventually reduce costs, it may take time for electric aircraft to achieve price parity with traditional aircraft. Manufacturers and airlines must weigh the long-term operational savings against the initial capital outlay when considering the adoption of electric aircraft. Economic viability also depends on the availability of incentives, subsidies, and financial support from governments and regulatory bodies.

Key Market Trends

Electrification of Urban Air Mobility (UAM)

One of the prominent trends in the global electric aircraft market is the electrification of urban air mobility (UAM). Urban air mobility refers to the use of electric vertical takeoff and landing (eVTOL) aircraft for short-distance urban transportation. These electric aircraft are designed to take off and land vertically, making them well-suited for navigating congested urban environments. UAM is gaining traction as cities around the world grapple with traffic congestion, pollution, and the need for efficient and sustainable transportation solutions. Electric eVTOLs, with their low noise emissions and reduced environmental impact, are viewed as a promising solution to address these urban challenges. Several startups and established aerospace companies are actively developing eVTOLs for UAM applications. These electric aircraft are intended to provide on-demand, point-to-point transportation within cities, offering a convenient and environmentally friendly alternative to ground transportation. UAM services are expected to reduce travel times, alleviate road congestion, and improve urban mobility. As this trend continues to gain momentum, investment in eVTOL development and infrastructure is increasing. Collaboration between aviation stakeholders, city authorities, and regulatory bodies is essential to ensure the safe integration of electric UAM into urban environments. The electrification of UAM is expected to revolutionize urban transportation and contribute significantly to the growth of the global electric aircraft market.

Emerging Role of Regional Electric Aircraft

A noteworthy trend in the electric aircraft market is the emerging role of regional electric aircraft in the aviation industry. Regional electric aircraft are designed to serve routes with shorter distances, connecting smaller cities and towns that are not efficiently served by larger airports. These electric aircraft cater to the growing demand for sustainable and cost-effective regional air travel. Airlines and operators recognize the potential of electric propulsion to reduce operating costs and emissions on short-haul routes, making them more economically viable and environmentally friendly. Several manufacturers are actively developing regional electric aircraft with varying capacities, from smaller, short-range electric planes to larger hybrid-electric aircraft designed to transport a greater number of passengers.For instance, in december 2023 Rolls-Royce, the UK-based aerospace, land, and marine engine manufacturing giant, significantly expanded its role in the India-UK Electric Propulsion Capability Partnership Joint Working Group (EPCP-JWG). Both countries collaborated closely to advance marine electric propulsion technology. This collaboration was highlighted during the second meeting of the India-UK EPCP-JWG in New Delhi. Both parties shared information on electric propulsion systems and strengthened industrial cooperation in this sector. These aircraft offer the promise of lower noise levels, reduced environmental impact, and a potential increase in regional connectivity. Key drivers of this trend include government incentives and investments aimed at boosting regional electric aviation, as well as a focus on the development of electric aircraft in response to increased demand for short-haul, regional routes. As regional electric aircraft continue to evolve and demonstrate their feasibility, airlines, operators, and passengers stand to benefit from more accessible and sustainable regional air travel options, which will contribute to the expansion of the global electric aircraft market.

Advancements in Electric Propulsion Technologies

The electric aircraft market is experiencing a significant trend driven by continuous advancements in electric propulsion technologies. These technologies encompass various components, including electric motors, power electronics, energy storage systems (batteries), and energy management systems. As these components evolve, they play a pivotal role in enhancing the performance and efficiency of electric aircraft. Electric motors have seen substantial improvements in terms of efficiency, power density, and compactness. High-efficiency electric motors are now capable of providing the necessary power for various types of electric aircraft, ranging from small eVTOLs to regional aircraft. These motors are instrumental in propelling electric aircraft efficiently. Power electronics, which facilitate energy conversion and distribution in electric aircraft, have become more compact, efficient, and reliable. These systems enable the precise control of electric motor performance, energy flow, and battery charging, contributing to the overall efficiency of electric propulsion. Batteries, a crucial component of electric aircraft, have witnessed advancements in energy density, longevity, and charging efficiency. Lithium-ion batteries, while commonly used, continue to see improvements. Emerging battery technologies, such as solid-state batteries and lithium-sulfur batteries, offer the potential to further enhance the range and performance of electric aircraft. Energy management systems, which control and optimize the use of electrical energy on board, have also evolved. These systems are instrumental in ensuring efficient energy distribution, which is vital for electric aircraft's operational performance. As advancements in electric propulsion technologies continue, electric aircraft will benefit from increased efficiency, range, and reliability. The trend toward improved propulsion technologies is essential for expanding the capabilities and applications of electric aircraft, further driving the growth of the global electric aircraft market.

Sustainable Aviation Initiatives and Electric Aircraft

The aviation industry's growing commitment to sustainability and reducing its carbon footprint is a significant trend shaping the global electric aircraft market. Airlines and operators are under increasing pressure to adopt more environmentally friendly practices, and electric aircraft are emerging as a crucial part of this effort. Electric aircraft produce zero emissions at the point of use and are inherently more energy-efficient than traditional combustion engines. They offer the potential to significantly reduce the aviation industry's carbon emissions, making them a key player in the pursuit of sustainability. Numerous governments, industry organizations, and aviation stakeholders are promoting sustainable aviation through incentives, emissions reduction targets, and regulatory measures. These initiatives are driving the adoption of electric aircraft and encouraging investment in their development. The sustainable aviation trend aligns with the broader goal of addressing climate change and environmental concerns. Electric aircraft contribute to reducing the aviation industry's carbon footprint, which has become a critical factor in securing public trust and responding to global climate challenges. As sustainable aviation initiatives gain momentum, electric aircraft are poised to play a pivotal role in transforming the industry, offering a cleaner and more eco-friendly alternative to traditional aircraft. This trend is expected to drive the development and adoption of electric aircraft on a global scale.

Investment and Collaboration in the Electric Aircraft Ecosystem

Investment and collaboration within the electric aircraft ecosystem are driving significant developments in the global electric aircraft market. This trend encompasses partnerships between established aerospace manufacturers, startups, research institutions, and government agencies, as well as substantial investments in research, development, and infrastructure. Major aerospace manufacturers are actively engaging in the development of electric aircraft, recognizing their potential to reshape the aviation industry. These companies are investing in research and development to create electric aircraft that meet various market segments' needs, from regional electric planes to eVTOLs for urban air mobility. Startups and entrepreneurial ventures are also playing a crucial role in the electric aircraft ecosystem. They bring innovation, agility, and fresh perspectives to the market, accelerating the development of electric aircraft and associated technologies. Government agencies and research institutions are providing essential support through funding, research, and regulatory guidance. Collaborative efforts between governments, industry stakeholders, and research organizations are fostering innovation and knowledge sharing in the electric aviation sector. Furthermore, venture capital and private equity investments are pouring into electric aircraft startups and technology companies, fueling the development of electric propulsion technologies and innovative designs. This trend of investment and collaboration is essential for overcoming the technical, regulatory, and economic challenges associated with electric aircraft development. It has the potential to drive rapid advancements in the sector, leading to the increased availability and adoption of electric aircraft in various aviation segments.

Segmental Insights

Platform Analysis

The global electric aircraft market is segmented based on platform into regional transport aircraft, business jets, and light & ultralight aircraft. Each segment presents distinct opportunities and challenges within the evolving landscape of electric aviation.

Regional transport aircraft constitute a significant segment within the electric aircraft market. These aircraft are designed for short to medium-haul flights, catering to the growing demand for sustainable air travel in regional routes. Electric propulsion technology offers the potential to revolutionize this segment by reducing operational costs and environmental impact. With advancements in battery technology and electric motor efficiency, regional transport aircraft can achieve greater range and payload capacity, making them more competitive in the aviation market.

Business jets represent fastest grwoing segment in the electric aircraft market. These aircraft cater to corporate and private clients seeking efficient and environmentally friendly transportation solutions. The adoption of electric propulsion in business jets promises reduced fuel consumption and emissions, aligning with the sustainability goals of many organizations and high-net-worth individuals. Furthermore, electric-powered business jets offer quieter operation and lower maintenance requirements, enhancing the overall flying experience for passengers.

Light and ultralight aircraft form a diverse segment within the electric aircraft market, encompassing recreational, training, and personal transportation purposes. Electric propulsion technology has the potential to democratize aviation by making flying more accessible and affordable to a broader audience. Electric-powered light and ultralight aircraft offer simplicity of operation, lower operating costs, and reduced environmental footprint compared to traditional combustion-engine counterparts. This segment is witnessing a surge in innovation, with startups and established aerospace companies developing innovative designs to capitalize on the growing demand for electric aviation solutions.

Download Free Sample Report

Regional Insights

The global electric aircraft market is further segmented by region, encompassing North America, Europe & CIS, Asia-Pacific, South America, and the Middle East & Africa. Each region presents unique dynamics and opportunities for the adoption and development of electric aviation technologies.

North America is the dominating market and a key region in the electric aircraft market, driven by a robust aerospace industry and a strong focus on innovation. With major players investing in research and development, North America is at the forefront of electric aircraft technology. The region benefits from supportive regulatory frameworks and government initiatives aimed at promoting sustainable aviation. Moreover, the presence of leading aerospace companies, research institutions, and start-ups fosters collaboration and accelerates the pace of technological advancement in electric aviation.

Europe & CIS also play a significant role in the electric aircraft market, leveraging their established aerospace infrastructure and expertise. The region is home to several initiatives aimed at advancing electric propulsion technology and reducing carbon emissions in aviation. European countries have ambitious targets for carbon neutrality and are actively investing in electrification to achieve these goals. Collaborative efforts between governments, industry stakeholders, and academia drive innovation and facilitate the adoption of electric aircraft across various segments.

Asia-Pacific is emerging as a promising market for electric aircraft, fueled by rapid urbanization, economic growth, and increasing air traffic demand. Governments in the region are focusing on environmental sustainability and are exploring electric aviation as a means to mitigate pollution and congestion. Asia-Pacific also boasts a thriving aerospace industry and a growing ecosystem of technology startups, contributing to the development and deployment of electric aircraft solutions. However, challenges such as infrastructure development and regulatory alignment remain to be addressed to unlock the full potential of electric aviation in the region.

South America presents opportunities for electric aircraft adoption, particularly in remote areas with limited access to conventional transportation infrastructure. The region's vast geography and environmental considerations make electric aviation an attractive option for regional connectivity and cargo transportation. Governments in South America are exploring partnerships and incentives to encourage the deployment of electric aircraft and support sustainable aviation initiatives.

In the Middle East & Africa, the electric aircraft market is nascent but holds promise for future growth. The region's strategic location and expanding air travel demand create opportunities for electric aviation to address environmental concerns and enhance connectivity. With increasing awareness of sustainability issues, governments and industry stakeholders in the Middle East & Africa are exploring collaborations and investments to promote the adoption of electric aircraft and drive innovation in the aerospace sector.

Recent Developments

• In January 2023, Aerus a newly established regional airline in Mexico, awarded a contract to Eviation Aircraft for the supply of thirty of its commuter Alice aircraft. Aerus plans to use Alice for middle mile travel between Nuevo Leén, Tamaulipas, Coahuila, and Veracruz. This will provide traditionally underprivileged populations in the northern regions of country access to convenient, affordable, and carbon-free air travel.

Key Market Players

• Airbus S.A.S
• Astronics Corporation
• Leonardo S.p.A.
• BAE Systems Plc
• The Boeing Company
• Bombardier Inc.
• General Electric Company
• Honeywell International Inc.
• Liebherr-International Deutschland GmbH
• Lockheed Martin Corporation
  

Report Scope:

In this report, the Global Electric Aircraft Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Electric Aircraft Market, By Platform:

o   Regional Transport Aircraft

o   Business Jets

o   Light & Ultralight Aircraft

• Electric Aircraft Market, By Type:

o   Fixed

o   Rotary

o   Hybrid

• Electric Aircraft Market, By Technology Type:

o   CTOL

o   STOL

o   VTOL

• Electric Aircraft Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Canada

§  Mexico

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Turkey

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Electric Aircraft Market.

Available Customizations:

Global Electric Aircraft market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Global Electric Aircraft Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]