Global Electric Aircraft
Market Report
2024
The global Electric Aircraft market will be USD 37200 million in 2024. It will show the strongest growth, with a compound annual growth rate (CAGR) of 19.8% from 2024 to 2031. This growth can be attributed to increasing demand for environmentally friendly aircraft.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Electric Aircraft market size will be USD 37200 million in 2024 and will expand at a compound annual growth rate (CAGR) of 19.8% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Market Size | 121212 |
Country Market Size | 121212 |
North Americ Market Size | 121212 |
Europe Market Size | 121212 |
Asia Pacific Market Size | 121212 |
South America Market Size | 121212 |
Middle East and Africa Market Size | 121212 |
Market Split by Type |
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Market Split by Platform |
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Market Split by System |
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Market Split by Technology |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Electric Aircraft Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The electric aircraft market is rapidly evolving, driven by advancements in battery technology, increasing environmental concerns, and stringent emissions regulations. This market encompasses a range of aircraft, including fixed-wing, rotorcraft, and uncrewed aerial vehicles (UAVs), designed to operate on electric power either solely or as hybrids. Key players in the industry are innovating to enhance aircraft efficiency, reduce operational costs, and minimize carbon footprints. Government incentives and rising investments in electric aviation infrastructure are further propelling market growth. As the industry progresses, it is poised to revolutionize air travel, offering sustainable alternatives to traditional fuel-based aircraft, thus addressing the urgent need for greener aviation solutions.
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Airbus declared in April 2021 that it plans to replace the mechanical rudder controls on the A320 Neo series of aircraft with a full electric rudder system by 2024. The change will take place around the same time as the long-range A321XLR, which is being designed with the E-rudder design in mind. (Source: https://aircraft.airbus.com/en/newsroom/press-releases/2024-04-a-significant-a320-family-fleet-upgrade-agreement-for-air-canada)
Top Companies Market Share in Electric Aircraft Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. North America is currently the largest, driven by substantial investments in R&D, a strong presence of key industry players, and supportive regulatory frameworks. The U.S., in particular, leads the region due to its advanced technological infrastructure and significant military and commercial aviation demands.
Asia-Pacific region is emerging as the fastest-growing market for electric aircraft. This growth is propelled by increasing government initiatives to reduce carbon emissions, burgeoning urban air mobility projects, and rapid advancements in aerospace technology in countries like China, Japan, and South Korea. The region's expanding middle class and the consequent rise in air travel demand further contribute to this rapid growth.
The current report Scope analyzes Electric Aircraft Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Electric Aircraft Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electric Aircraft Industry growth. Electric Aircraft market has been segmented with the help of its Type, Platform System, and others. Electric Aircraft market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Electric Aircraft market.
Type of Electric Aircraft analyzed in this report are as follows:
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According to cognitive market research, Regional Transport Aircraft is the dominant category. Regional transport aircraft is experiencing significant growth driven by advancements in electric propulsion technology and increasing emphasis on sustainable aviation solutions. These aircraft typically serve short to medium-haul routes, catering to regional travel needs while reducing carbon emissions and operational costs compared to traditional jet aircraft. Key players in the market are focusing on developing electric propulsion systems, batteries with higher energy densities, and efficient airframe designs to enhance range and performance. Regulatory support for eco-friendly aviation solutions further accelerates market adoption.
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Research Associate at Cognitive Market Research
Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.
Anjali is a results-driven research analyst with a passion for transforming complex information into strategic insights. Grounded in a solid expertise in research and analysis in aerospace and defence category. She thrive on the challenges of data exploration and analysis.Her goal is to provide organizations with the actionable intelligence they need to navigate an ever-evolving business landscape and succeed in their business goals.
In her current role, Anjali manages research for aerospace and defence category, leading pivotal research initiatives, delving into market trends, consumer behavior, and competitive landscapes. She possess a proven ability to decipher intricate datasets, employing statistical models and visualization tools to deliver strategic insights. Collaborating seamlessly with cross-functional teams.She played a key role in shaping successful business strategies grounded in robust research.She dedicated to staying at the forefront of research methodologies and industry advancements. Anjali remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Electric Aircraft Market is witnessing significant growth in the near future.
In 2023, the Fixed Wing segment accounted for noticeable share of global Electric Aircraft Market and is projected to experience significant growth in the near future.
The Regional Transport Aircraft segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Pipistrel Group , Airbus and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Fixed Wing, Rotary Wing, Hybrid Wing |
Platform | Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft |
System | Batteries, Electric Motors, Aerostructures, Avionics, Software, Others |
Technology | CTOL, STOL, VTOL |
Application | Civil, Military |
List of Competitors | Pipistrel Group, Bye Aerospace, Airbus, Aerospace Limited, Leonardo S.p.A., Yuneec Holding Limited, Faradair Aerospace Limited, Boeing, Groupe Gorge, Digisky S.R.L. |
This chapter will help you gain GLOBAL Market Analysis of Electric Aircraft. Further deep in this chapter, you will be able to review Global Electric Aircraft Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Platform Analysis 2019 -2031
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Chapter 12 Market Split by System Analysis 2019 -2031
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Chapter 13 Market Split by Technology Analysis 2019 -2031
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Chapter 14 Market Split by Application Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electric Aircraft market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Fixed Wing have a significant impact on Electric Aircraft market? |
What are the key factors affecting the Fixed Wing and Rotary Wing of Electric Aircraft Market? |
What is the CAGR/Growth Rate of Regional Transport Aircraft during the forecast period? |
By type, which segment accounted for largest share of the global Electric Aircraft Market? |
Which region is expected to dominate the global Electric Aircraft Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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