Apr 12, 2018   SOURCE: BusinessWire

Global Electric Aircraft Market Report 2018-2023 - A $121.8 Million Market Opportunity - ResearchAndMarkets.com

The "Electric Aircraft Market by Aircraft Type (Ultralight Aircraft, Light Jet), Component (Battery, Electric Motor), Technology (Hybrid and All Electric), Range (Less than 500 Km and More than 500 Km), and Region - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The electric aircraft market is projected to grow from an estimated USD 99.3 million in 2018 to USD 121.8 million by 2023, at a CAGR of 4.17% from 2018 to 2023.

Lower cost of ownership of electric aircraft and advantages of electric aircraft over traditional aircraft are key factors driving the growth of the electric aircraft market.

Based on the component, the others segment is estimated to account for the largest share of the electric aircraft market in 2018. The others segment include electric ducted fans and power electronics. Power electronics are used to power all crucial aircraft components, including flight control actuation, environmental control systems, utility functions, and cabin pressurization, which were conventionally controlled by hydraulic and pneumatic means. Electric ducted fans use multiple propeller blades attached to a single electric motor in an aircraft.

The Europe region is estimated to account for the largest share of the electric aircraft market in 2018. This region is highly fragmented with a large number of electric aircraft manufacturers, namely, PC Aero (Germany), Pipistrel (Italy), Lilium (Germany), Alisport SRL (Italy), and Schempp-Hirth (Germany). The aircraft and its component industry in Europe is aiming to use new advanced materials, such as gamma-titanium aluminides and single crystals, with improved mechanical properties, these advanced engines help aircraft reduce its fuel consumption, carbon emissions, and noise pollution.

Key Topics Covered

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Industrial Trends

7 Electric Aircraft Market, by Aircraft Type

8 Electric Aircraft Market, by Component

9 Electric Aircraft Market, by Technology

10 Electric Aircraft Market, by Range

11 Regional Analysis

12 Competitive Landscape

13 Company Profile

  • Zunum Aero
  • Yuneec International
  • PC Aero
  • Pipistrel
  • Eviation Aircraft
  • Lilium
  • Alisport Srl
  • Schempp-Hirth
  • Bye Aerospace
  • Digisky
  • Electric Aircraft
  • Volta Volare
  • Hamilton Aero
  • Electravia
  • Wright Electric
  • Aurora
  • Innovators
  • Delorean Aerospace
  • Joby Aviation
  • Poweroasis
  • Synergy Aircraft
  • Zee Aero
  • Airbus
  • Embraer
  • Cessna Aircraft
  • Airspacex
  • Evektor
  • Siemens

For more information about this report visit https://www.researchandmarkets.com/research/c6gbjj/global_electric?w=4