Electric Aircraft Market Size is Projected To Reach USD 9566 Million By 2027 At A CAGR of 4.6% - Valuates Reports

Electric Aircraft Market Size is Projected To Reach USD 9566 Million By 2027 At A CAGR of 4.6% - Valuates Reports

PR Newswire

BANGALORE, India, Dec. 22, 2021

BANGALORE, India, Dec. 22, 2021 /PRNewswire/ -- Electric Aircraft market Segment by Type - Pure Electric, Hybrid Power, by Application - Personal Use, Commercial Use. Global Opportunity Analysis and Industry Forecast 2021 - 2027. It is published in Valuates Reports under the  Transportation & Logistics Category.


The global Electric Aircraft market size is projected to reach USD 9566 million by 2027, from USD 6753.8 million in 2020, at a CAGR of 4.6% during 2021-2027.

Major factors driving the growth of the electric aircraft market are

Factors such as increased aircraft deliveries, lower operating and maintenance costs, and the need for fuel-efficient aircraft with lower carbon emissions, are driving the electric aircraft market.

Furthermore, the deployment of urban air mobility aircraft, as well as the increasing use of electric aircraft for cargo applications and other aerial mission-specific activities, are also fueling the growth of the electric aircraft market. 

Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Auto-6R4387/Global_Electric_Aircraft_Market


Growing environmental concerns have increased demand for fuel-efficient airliners, creating a lucrative growth opportunity for the Electric aircraft market. The growing demand for low-maintenance, lightweight, and long-lasting aircraft is propelling the industry forward. The industry is undergoing a massive transformation, with traditional components such as hydraulic, mechanical, and pneumatic systems being replaced with electrical ones that provide better operational efficiency while also significantly reducing carbon emissions.

An increase in the number of global aircraft fleet sizes coupled with growing demand for cleaner and quieter aircraft is expected to drive the electric aircraft market. Organizations and governing bodies such as the International Civil Aviation Organization, the Federal Aviation Administration, and the European Union Aviation Safety Agency have called for more sustainable aircraft fuel alternatives, estimating that aircraft-generated emissions will triple by 2050. Because electric engines do not produce the noises associated with jet or combustion engines, they do not contribute to aircraft noise levels. Low-noise electric unmanned aerial vehicles (UAVs) are becoming more popular in both civil and military applications. Furthermore, various technological advancements and aircraft modernization programs are expected to drive the electric aircraft market forward.

The increasing adoption of electric aircraft by logistics organizations is expected to increase the growth of the electric aircraft market. The logistics industry has been concerned about the emissions produced by cargo planes and is racing toward zero-emission logistics. To reduce their carbon footprint, logistics stakeholders are investing in electric modes of transportation. As a result, the use of all-electric aircraft as a mode of transportation in logistics creates new opportunities for electric aircraft manufacturers.

Current battery technology and electric propulsion systems impose significant constraints on the use of all-electric aircraft. However, several organizations, government agencies, investors, and others are looking for ways to collaborate to develop all-electric aircraft with adequate range and payload capacity which will outweigh the constraints.

Browse The Table Of Contents And List Of Figures At https://reports.valuates.com/market-reports/QYRE-Auto-6R4387/global-electric-aircraft


North America is expected to be the most lucrative region during the forecast period. This is attributed to the region's early adoption of electric aircraft for urban air mobility.

Based on the type, Pure electric aircraft is expected to be the most lucrative. The primary driver for the increased growth and adoption of all-electric aircraft over hybrid aircraft is a greater emphasis on developing zero-emission and noise-free air mobility.

Inquire For Customization: https://reports.valuates.com/request/customisation/QYRE-Auto-6R4387/Global_Electric_Aircraft_Market

Electric Aircraft Market By Company

Electric Aircraft Market By Region

Inquire For Chapter Cost: https://reports.valuates.com/request/chaptercost/QYRE-Auto-6R4387/Global_Electric_Aircraft_Market

Buy Now for Single User + Covid-19 Impact https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-6R4387&lic=single-user


We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.


-  In 2020, the global eVTOL Aircraft market size was USD 45310 million and it is expected to reach USD 97370 million by the end of 2027, with a CAGR of 11.1% during 2021-2027.

-  The global more electric aircraft market valued USD 1,809.20 million in 2019, and is projected to reach USD 4,612.69 million in 2027, registering a CAGR of 15.5%.

-  In 2020, the global Electric Aircraft Tugs market size was USD 109.4 million and it is expected to reach USD 155.6 million by the end of 2027, with a CAGR of 5.1% during 2021-2027.

-  The global Aircraft Brake System market size is projected to reach USD 7677.7 million by 2027, from USD 5734.6 million in 2020, at a CAGR of 3.8% during 2021-2027.

-  In 2020, the global Drones market size was USD 4350.27 million and it is expected to reach USD 5437 million by the end of 2027, with a CAGR of 3.94% during 2021-2027.

Global Electric Micro-Motors Market Research Report 2021

Global and Japan Aircraft Electric Taxiing Systems Market Insights, Forecast to 2027

Global and United States Aircraft Electric Power System Market Insights, Forecast to 2027

Global and Japan Electric and Hybrid Aircraft Propulsion System Market Insights, Forecast to 2027

Global Electric VTOL (eVTOL) Aircraft Infrastructure Market Size, Status and Forecast 2021-2027

Global and United States Light Aircraft Market Insights, Forecast to 2026

Global Manned Electric Aircraft Market Report, History and Forecast 2016-2027

Click Here To See Related Reports on Electric Aircraft Market

About Us:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

Contact Us:

Valuates Reports
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com   
Twitter - https://twitter.com/valuatesreports 
LinkedIn - https://in.linkedin.com/company/valuatesreports

Logo: https://mma.prnewswire.com/media/1082232/Valuates_Reports_Logo.jpg

Voltar noticias em Inglês