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Global Electric and Hybrid Aircraft Propulsion System Market 2019-2023

Global Electric and Hybrid Aircraft Propulsion System Market 2019-2023

About Electric and Hybrid Aircraft Propulsion System

An electric propulsion system does away with the need to use oil as fuel and consists of an electric motor, battery containment, and propeller.

Technavio’s analysts forecast the global electric and hybrid aircraft propulsion system market to grow at a CAGR of 6.83% during the period 2019-2023.

Covered in this report

The report covers the present scenario and the growth prospects of the global electric and hybrid aircraft propulsion system market for 2019-2023. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Electric and Hybrid Aircraft Propulsion System Market 2019-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendor
    s
  • Electravia
  • Elektra Solar
  • GE Aviation
  • Pipistrel
  • Siemens
Market driver
  • Innovative programs in the electric and hybrid aircraft propulsion system market
  • For a full, detailed list, view our report
Market challenge
  • Limitations of existing battery technology
  • For a full, detailed list, view our report
Market trend
  • Growing demand for light and ultralight electric aircraft
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2023 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Electric and Hybrid Aircraft Propulsion System Market 2019-2023

Technavio recognizes the following companies as the key players in the global electric and hybrid aircraft propulsion system market: Electravia Elektra Solar, GE Aviation, Pipistrel, and Siemens.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for light and ultralight electric aircraft. The global electric and hybrid aircraft propulsion system market expanded at a gradual rate until recently. In 2013, the Volocopter VC-200 made its maiden flight in Germany, and by the fourth quarter of 2017, it received clearance from the UAE Roads and Transport Authority to operate as an Autonomous Air Taxi in Dubai.”

According to the report, one driver in the market is innovative programs in the electric and hybrid aircraft propulsion system market. The GA segment is the driving sector for electric aircraft as manufacturers generally prefer light aircraft for testing purposes. Due to innovative programs such as Urban Air Taxi deploying very light jets for urban mobility. developments in this segment are focused on providing services within a range of about 31 miles.

Further, the report states that one challenge in the market is limitations of existing battery technology. The electric aircraft is generally overhyped as the design concepts of aerospace companies have low conversion rates on application as working commercial models. Aflight requires significant amounts of energy and achieving k is difficult due to technological limitations of the battery industry.

Companies Mentioned

Electravia

Elektra

Solar GE Aviation

Pipistrel

Siemens

  • Executive summary
  • Scope of the report
  • Market landscape
    • Market ecosystem
      • Table Global electric aircraft market
      • Table Segments of global electric aircraft market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by technology
    • Table Technology - Market share 2018-2023 (%)
    • Comparison by technology
      • Table Comparison by technology
    • Hybrid powertrain - Market size and forecast 2018-2023
      • Table Hybrid powertrain - Market size and forecast 2018-2023 ($ millions)
      • Table Hybrid powertrain - Year-over-year growth 2019-2023 (%)
    • All-electric powertrain - Market size and forecast 2018-2023
      • Table All-electric powertrain - Market size and forecast 2018-2023 ($ millions)
      • Table All-electric powertrain - Year-over-year growth 2019-2023 (%)
    • Market opportunity by technology
      • Table Market opportunity by technology
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Electravia
      • Table Electravia - Vendor overview
      • Table Electravia - Product segments
      • Table Electravia - Organizational developments
      • Table Electravia - Key offerings
    • Elektra Solar
      • Table Elektra Solar - Vendor overview
      • Table Elektra Solar - Product segments
      • Table Elektra Solar - Organizational developments
      • Table Elektra Solar - Key offerings
    • GE Aviation
      • Table GE Aviation - Vendor overview
      • Table GE Aviation - Product segments
      • Table GE Aviation - Organizational developments
      • Table GE Aviation - Geographic focus
      • Table GE Aviation - Segment focus
      • Table GE Aviation - Key offerings
    • Pipistrel
      • Table Pipistrel - Vendor overview
      • Table Pipistrel - Product segments
      • Table Pipistrel - Organizational developments
      • Table Pipistrel - Key offerings
    • Siemens
      • Table Siemens - Vendor overview
      • Table Siemens - Business segments
      • Table Siemens - Organizational developments
      • Table Siemens - Geographic focus
      • Table Siemens - Segment focus
      • Table Siemens - Key offerings
      • Table Siemens - Key customers
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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