Electric aircraft are driven with the use of electric motors. In this, electricity is supplied through different sources such as batteries, solar cells, ground power cables, fuel cells ultra-capacitors, and power beaming. Factors driving the electric aircraft market is use of different source of energy in order to preserve the non-renewable sources and therefore, electric aircraft is considered better than traditional aircrafts which is accelerating the growth of electric aircraft market.
MARKET SCOPE
The "Global Electric Aircraft Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric aircraft market with detailed market segmentation by type, category, distribution channel, and geography. The report provides key statistics on the market status of the leading electric aircraft market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on Technology, the global electric aircraft market is segmented into Battery, Fuel-cell, and Hybrid
? On the basis of Application, the market is segmented into Ultralight Aircraft, and Light Jet
MARKET DYNAMICS
Drivers:
? Use of alternative source of energy in order to preserve the non-renewable sources
? Urge to manufacture battery solutions for electric aircraft
Restraints
? Compulsion to preserve the batteries from getting obsolete
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electric aircraft market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electric aircraft market in these regions.
IMPACT OF COVID-19 ON ELECTRIC AIRCRAFT MARKET
The COVID-19 pandemic has forced governments and aviation related businesses to take several stringent measures to contain the spread of the virus. Airports and air traffic around the world had come to a virtual halt in the second quarter of 2020 which led to decline in airport traffic and revenue losses in the aviation industry across all regions. Although, several countries have now started to gradually reopen many parts of the economy, many countries in different region are again exposed to subsequent waves of infections and governments of these countries have opted for the re-imposition of partial or complete lockdowns. Since the health, safety and wellbeing of passengers and staff is aviation industry?s topmost priority, airports and airlines have partnered with governments to prepare the restart of global connectivity as and when the epidemiological situation allows. It is expected that if the global vaccination efforts are successful, the number of passengers traveling by air and outside of their countries is likely to increase by the second half of 2021. Moreover, efforts are being made by various organization to reduce dependence on non-renewable energy sources and giving a boost to the electric aircraft market in the post-COVID-19 scenario.
MARKET PLAYERS
The report covers key developments in the electric aircraft market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electric aircraft market are anticipated to lucrative growth opportunities in the future with the rising demand for electric aircraft in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electric aircraft market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
? Schempp-Hirth Flugzeugbau GmbH
? YUNEEC INTERNATIONAL
? PIPISTREL d.o.o. Ajdov?ina
? lilium GmbH
? DigiSky Srl
? Bye Aerospace
? Evektor-Aerotechnik
? Alisport Srl
? Hamilton Aero Maintenance Ltd.
? Dufour Aerospace
The Insight Partner?s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.