Electric Aircraft Market by platform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software), Technology, Application and Region - Forecast to 2030
Description
Electric Aircraft Market by platform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software), Technology, Application and Region - Forecast to 2030
The Electric Aircraft market is expected to grow from USD 8.8 billion in 2022 to USD 37.2 billion in 2030, at a CAGR of 19.8% during the forecast period.
The integration of technologies such as IoT, artificial intelligence, and machine learning has helped increase the efficiency of electric aircraft. With advancements in chemical technologies in the form of lithium/fluorinated carbon (Li/CFx) batteries, manufacturers and innovators have been successful in developing high energy-to-weight ratio aircraft batteries that increase the range of electric aircraft and allow more MTOW. Manufacturers are focusing their R&D efforts on developing electrodes and cell separators that increase the reliability and safety of battery systems for prolonged service life in rigorous environments. The development of integrated battery monitoring systems is a prime example of the advancements and measures undertaken by the aircraft battery industry to ensure the optimal performance of batteries and associated products. These technological advancements will reduce restrictions and challenges related to the adoption of electric aircraft in the future.
Light and Ultralight Segment expected to have larger market share during the forecast period
By platform, light and ultralight segment is expected to have a larger market share during the forecast period. Electric Regional transport aircraft and business jet aircraft are expected to have witness introduction into the market in late 2026 early 2027. Until this period the light and ultralight aircraft like UAVs, General Aircraft, Trainer Aircraft will contribute more to the market. Due to these factors light and ultralight segment would have larger market share during this period.
Rotary Wing segment to dominate the market during the forecast period.
Based on type, rotary wing segment is witnessing largest market share across the forecast period. Major developments are being made in the Rotary wing segment mainly eVTOL aircraft. Rotary wing UAVs are majorly electric in nature and are widely used across many applications in commercial, government and military. With the advent of Urban air travel due to the ease of operation and maneuverability, eVTOLs are the choice of technology that is witnessing larger adoption.
Break-up of profile of primary participants in the Electric Aircraft market:
By Company Type: Tier 1 – 20%, Tier 2 – 55%, and Tier 3 – 25%
By Designation: C Level – 50%, Director Level – 25%, and Others – 25%
By Region: North America – 60%, Europe – 20%, Asia Pacific – 10%, South America– 5%, and RoW – 5%
Major players operating in the electric aircraft market include Airbus SE (France), Eve Air Mobility (Brazil), Joby Aviation (US), Vertical Aerospace (UK), and Lilium N.V. (Germany) among others. These key players offer electric aircraft solutions and services to different key stakeholders.
Research Coverage:
This research report categorizes the Electric Aircraft market on the basis of Electric Aircraft market by platform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software, Others) Technology, Application, and Region. These segments have been mapped across major regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America, and Africa. The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the Electric Aircraft market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches; mergers; and partnerships, agreements, and collaborations; and recent developments associated with the Electric Aircraft market. In addition, the startups in Electric Aircraft market ecosystem are covered in this report to provide usable insights and developments happening in the emerging market of Electric Aircraft.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Electric Aircraft market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on Electric Aircraft market offered by the top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches, contracts, agreements, and expansion plans in the Electric Aircraft market.
Market Development: Comprehensive information about lucrative markets – the report analyzes the Electric Aircraft market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Electric Aircraft market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the Electric Aircraft market.
The Electric Aircraft market is expected to grow from USD 8.8 billion in 2022 to USD 37.2 billion in 2030, at a CAGR of 19.8% during the forecast period.
The integration of technologies such as IoT, artificial intelligence, and machine learning has helped increase the efficiency of electric aircraft. With advancements in chemical technologies in the form of lithium/fluorinated carbon (Li/CFx) batteries, manufacturers and innovators have been successful in developing high energy-to-weight ratio aircraft batteries that increase the range of electric aircraft and allow more MTOW. Manufacturers are focusing their R&D efforts on developing electrodes and cell separators that increase the reliability and safety of battery systems for prolonged service life in rigorous environments. The development of integrated battery monitoring systems is a prime example of the advancements and measures undertaken by the aircraft battery industry to ensure the optimal performance of batteries and associated products. These technological advancements will reduce restrictions and challenges related to the adoption of electric aircraft in the future.
Light and Ultralight Segment expected to have larger market share during the forecast period
By platform, light and ultralight segment is expected to have a larger market share during the forecast period. Electric Regional transport aircraft and business jet aircraft are expected to have witness introduction into the market in late 2026 early 2027. Until this period the light and ultralight aircraft like UAVs, General Aircraft, Trainer Aircraft will contribute more to the market. Due to these factors light and ultralight segment would have larger market share during this period.
Rotary Wing segment to dominate the market during the forecast period.
Based on type, rotary wing segment is witnessing largest market share across the forecast period. Major developments are being made in the Rotary wing segment mainly eVTOL aircraft. Rotary wing UAVs are majorly electric in nature and are widely used across many applications in commercial, government and military. With the advent of Urban air travel due to the ease of operation and maneuverability, eVTOLs are the choice of technology that is witnessing larger adoption.
Break-up of profile of primary participants in the Electric Aircraft market:
By Company Type: Tier 1 – 20%, Tier 2 – 55%, and Tier 3 – 25%
By Designation: C Level – 50%, Director Level – 25%, and Others – 25%
By Region: North America – 60%, Europe – 20%, Asia Pacific – 10%, South America– 5%, and RoW – 5%
Major players operating in the electric aircraft market include Airbus SE (France), Eve Air Mobility (Brazil), Joby Aviation (US), Vertical Aerospace (UK), and Lilium N.V. (Germany) among others. These key players offer electric aircraft solutions and services to different key stakeholders.
Research Coverage:
This research report categorizes the Electric Aircraft market on the basis of Electric Aircraft market by platform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software, Others) Technology, Application, and Region. These segments have been mapped across major regions, namely, North America, Europe, Asia Pacific, Middle East, Latin America, and Africa. The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the Electric Aircraft market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; new product launches; mergers; and partnerships, agreements, and collaborations; and recent developments associated with the Electric Aircraft market. In addition, the startups in Electric Aircraft market ecosystem are covered in this report to provide usable insights and developments happening in the emerging market of Electric Aircraft.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall Electric Aircraft market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and to plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on Electric Aircraft market offered by the top players in the market
Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches, contracts, agreements, and expansion plans in the Electric Aircraft market.
Market Development: Comprehensive information about lucrative markets – the report analyzes the Electric Aircraft market across varied regions.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Electric Aircraft market.
Competitive Assessment: In-depth assessment of market shares, growth strategies, products, and manufacturing capabilities of leading players in the Electric Aircraft market.
Table of Contents
265 Pages
- 1 Introduction
- 1.1 Study Objectives
- 1.2 Market Definition
- 1.3 Market Scope
- 1.3.1 Markets Covered
- Figure 1 Electric Aircraft Market Segmentation And Regional Scope
- 1.3.2 Years Considered
- 1.4 Inclusions And Exclusions
- Table 1 Inclusions And Exclusions In Electric Aircraft Market
- 1.5 Currency Considered
- 1.6 Limitations
- 1.7 Market Stakeholders
- 1.8 Summary Of Changes
- 2 Research Methodology
- 2.1 Research Data
- Figure 2 Report Process Flow
- Figure 3 Research Design
- 2.1.1 Secondary Data
- 2.1.2 Primary Data
- 2.1.2.1 Key Primary Sources
- 2.2 Market Size Estimation
- 2.2.1 Segments And Subsegments
- 2.3 Demand- And Supply-side Analysis
- 2.3.1 Introduction
- 2.3.2 Demand-side Indicators
- 2.3.2.1 Growing Trend Of More Electric Technology
- 2.3.2.2 Increasing Demand For New Commercial Aircraft
- 2.3.3 Supply-side Indicators
- 2.3.3.1 Environmental And Social Pressure From Governments To Create Disruptions In Battery Supply Chains
- 2.4 Recession Impact Analysis
- 2.4.1 Demand-side Analysis
- Figure 4 Quarterly Revenue Of Major Electric Aircraft Manufacturers, 2022–2023
- 2.4.2 Supply-side Analysis
- 2.5 Research Approach And Methodology
- 2.5.1 Bottom-up Approach (Demand Side)
- 2.5.2 Electric Aircraft Market: Bottom-up Approach
- Figure 5 Market Size Calculation
- Figure 6 Market Size Estimation Methodology: Bottom-up Approach (Demand-side)
- Figure 7 Market Size Estimation Methodology: Bottom-up Approach (Supply-side)
- 2.5.3 Top-down Approach
- Figure 8 Market Size Estimation Methodology: Top-down Approach
- 2.6 Triangulation And Validation
- Figure 9 Data Triangulation
- 2.6.1 Triangulation Through Primary And Secondary Research
- 2.7 Growth Rate Factors
- 2.8 Assumptions
- 2.9 Risks
- 3 Executive Summary
- Figure 10 Aerostructures Segment Estimated To Account For Largest Market Share In 2022
- Figure 11 Rotary Wing Segment Estimated To Dominate Market In 2022
- Figure 12 Military Segment Estimated To Account For Larger Market Share Than Civil Segment In 2022
- Figure 13 North America Estimated To Account For Largest Market Share In 2022
- 4 Premium Insights
- 4.1 Attractive Growth Opportunities For Players In Electric Aircraft Market
- Figure 14 Growing Need For Cleaner And Quieter Aircraft To Drive Market From 2022 To 2030
- 4.2 Electric Aircraft Market, By Platform
- Figure 15 Light & Ultralight Aircraft Segment To Lead Market From 2022 To 2030
- 4.3 Electric Aircraft Market, By Technology
- Figure 16 Vtol Segment To Lead Market From 2022 To 2030
- 4.4 Electric Aircraft Market, By Country
- Figure 17 Electric Aircraft Market In Uk To Register Highest Cagr From 2022 To 2030
- 5 Market Overview
- 5.1 Introduction
- 5.2 Market Dynamics
- Figure 18 Electric Aircraft Market: Market Dynamics
- 5.2.1 Drivers
- 5.2.1.1 Growing Need For Cleaner And Quieter Aircraft
- 5.2.1.2 Advances In Batteries, Electric Motors, And Power Electronics
- 5.2.1.3 Rise In Demand For Unmanned Aerial Vehicles
- 5.2.2 Restraints
- 5.2.2.1 Increased Aircraft Weight Due To Heavy Batteries
- 5.2.2.2 High Voltage And Thermal Issues
- 5.2.3 Opportunities
- 5.2.3.1 Emergence Of Advanced Air Mobility
- 5.2.3.2 Use Of All-electric Aircraft For Logistics
- 5.2.4 Challenges
- 5.2.4.1 Development Of High Energy Density Batteries
- 5.2.4.2 Battery Recharging Infrastructure At Airports
- 5.2.4.3 Designing All-electric Manned Aircraft
- 5.2.4.4 Ensuring Airworthiness Of Electric Aircraft
- 5.3 Recession Impact Analysis
- Figure 19 Recession Impact Analysis
- 5.4 Porter’s Five Forces Analysis
- Table 2 Porter’s Five Forces Analysis
- Figure 20 Porter’s Five Forces Analysis
- 5.4.1 Threat Of New Entrants
- 5.4.2 Threat Of Substitutes
- 5.4.3 Bargaining Power Of Suppliers
- 5.4.4 Bargaining Power Of Buyers
- 5.4.5 Intensity Of Competitive Rivalry
- 5.5 Value Chain Analysis
- Figure 21 Value Chain Analysis: Electric Aircraft Market
- 5.5.1 Raw Materials
- 5.5.2 R&D
- 5.5.3 Component Manufacturing
- 5.5.4 Oems
- 5.5.5 End Users
- 5.5.6 After-sales Services
- 5.6 Market Ecosystem Map
- Figure 22 Electric Aircraft Market: Market Ecosystem
- 5.6.1 Prominent Companies
- 5.6.2 Private And Small Enterprises
- 5.6.3 End Users
- Table 3 Electric Aircraft Market Ecosystem
- 5.7 Trends And Disruptions Impacting Customer Business
- Figure 23 Trends And Disruptions Impacting Electric Aircraft Market
- 5.8 Trade Data Analysis
- Table 4 Trade Data Table For Electric Aircraft Market
- 5.9 Technology Analysis
- 5.9.1 Lithium-sulfur Batteries
- 5.9.2 Hydrogen Fuel Cells
- 5.9.3 High Energy Density Electrochemical Storage For Large Aircraft
- 5.9.4 Reduced Charging Time Of Aircraft Batteries
- 5.10 Tariff And Regulatory Landscape For Aerospace Industry
- Table 5 North America: Regulatory Bodies, Government Agencies, And Other Organizations
- Table 6 Europe: Regulatory Bodies, Government Agencies, And Other Organizations
- Table 7 Asia Pacific: Regulatory Bodies, Government Agencies, And Other Organizations
- Table 8 Rest Of The World: Regulatory Bodies, Government Agencies, And Other Organizations
- 5.11 Average Selling Price Analysis
- Figure 24 Average Selling Price Of Electric Aircraft Across Different Platforms
- Table 9 Average Selling Price: Electric Aircraft Market, By Type (Usd Million)
- 5.12 Volume Data
- Table 10 Electric Aircraft Deliveries, By Type, 2018-2021 (Units)
- Table 11 Electric Aircraft Deliveries, By Type, 2022-2030 (Units)
- 5.13 Key Stakeholders And Buying Criteria
- 5.13.1 Key Stakeholders In Buying Process
- Figure 25 Influence Of Stakeholders On Buying Process Of Electric Aircraft
- Table 12 Influence Of Stakeholders On Buying Process Of Electric Aircraft Products And Systems (%)
- 5.13.2 Buying Criteria
- Figure 26 Key Buying Criteria For Electric Aircraft Products And Systems
- Table 13 Key Buying Criteria For Electric Aircraft
- 5.14 Key Conferences And Events In 2022–2023
- Table 14 Electric Aircraft Market: Conferences And Events, 2022–2023
- 6 Industry Trends
- 6.1 Introduction
- 6.2 Technology Advancements In Electric Aircraft Market
- Figure 27 Technology Advancements Impacting Electric Aircraft Market
- 6.2.1 Urban Air Mobility
- 6.2.2 Energy Harvesting
- 6.2.3 High-power Batteries And Motors
- 6.3 Emerging Trends In Electric Aircraft Manufacturing
- 6.3.1 3d Printing
- 6.3.2 Artificial Intelligence
- 6.3.3 Predictive Maintenance
- 6.4 Supply Chain Analysis
- Figure 28 Supply Chain Analysis
- 6.5 Use Cases
- 6.5.1 Joby Aerospace Completes All-electric Flight With Electric Vertical Take-off Air Taxi
- 6.5.2 Eviation Offers Alice, A 9-passenger Electric Propeller-powered Airplane
- 6.5.3 Extra Aircraft's Extra 330le Electric Plane Powered By Siemens Electric Drive System
- 6.5.4 Rolls Royce’s First All-electric Aircraft Completes Maiden Flight
- 6.6 Patent Analysis
- Table 15 Electric Aircraft Market: Key Patents
- 7 Electric Aircraft Market, By Platform
- 7.1 Introduction
- Figure 29 Light & Ultralight Segment To Lead Market During Forecast Period
- Table 16 Electric Aircraft Market, By Platform, 2018–2021 (Usd Million)
- Table 17 Electric Aircraft Market, By Platform, 2022–2030 (Usd Million)
- 7.2 Regional Transport Aircraft
- 7.2.1 Increasing Need For Cost-effective Short-haul Airliners Expected To Drive Segment
- 7.3 Business Jets
- 7.3.1 Increased Corporate Activities And Need For Aircraft With Low Carbon Footprint To Drive Demand
- 7.4 Light & Ultralight Aircraft
- Table 18 Light & Ultralight Aircraft Market, By Type, 2018–2021 (Usd Million)
- Table 19 Light & Ultralight Electric Aircraft Market, By Type, 2022–2030 (Usd Million)
- 7.4.1 General Aircraft
- 7.4.1.1 Developments In Electric Propulsion Of General Aircraft Expected To Drive Segment
- 7.4.2 Trainer Aircraft
- 7.4.2.1 Short Take-off And Landing Capability To Drive Segment
- 7.4.3 Uavs
- 7.4.3.1 Low Noise Footprint Of Electric Uavs To Fuel Their Adoption In Civil And Military Applications
- 7.4.4 Advanced Air Mobility
- 7.4.4.1 Most Evtol Aircraft Used In Aam Applications
- 8 Electric Aircraft Market, By Type
- 8.1 Introduction
- Figure 30 Hybrid Wing Segment To Lead Market During Forecast Period
- Table 20 Electric Aircraft Market, By Type, 2018–2021 (Usd Million)
- Table 21 Electric Aircraft Market, By Type, 2022–2030 (Usd Million)
- 8.2 Fixed Wing
- 8.2.1 Fixed Wing Electric Aircraft Witnessing Adoption For Commercial Passenger Transportation
- 8.3 Rotary Wing
- 8.3.1 Rotary Wing Electric Aircraft Adopted For Urban Air Mobility
- 8.4 Hybrid Wing
- 8.4.1 Mission Complexity And Congested Air Traffic To Fuel Demand For Hybrid Wing Aircraft
- 9 Electric Aircraft Market, By System
- 9.1 Introduction
- Figure 31 Batteries Segment To Lead Market During Forecast Period
- Table 22 Electric Aircraft Market, By System, 2018–2021 (Usd Million)
- Table 23 Electric Aircraft Market, By System, 2022–2030 (Usd Million)
- 9.2 Batteries
- 9.2.1 Advancements In Battery Power Density To Drive Segment
- 9.3 Electric Motors
- 9.3.1 Electric Motors Provide Better Power-to-weight Ratio In Aircraft
- 9.4 Aerostructures
- 9.4.1 Advanced Aerostructures Help Enhance Aircraft Performance, Conserve Energy, And Lower Costs
- 9.5 Avionics
- 9.5.1 Development Of Urban Air Mobility Aircraft To Encourage Advancements In Avionics Systems
- 9.6 Software
- 9.6.1 Advanced Software Systems Required To Run Complicated Systems Of Urban Air Mobility Aircraft
- 9.7 Others
- 10 Electric Aircraft Market, By Technology
- 10.1 Introduction
- Figure 32 Vtol Segment To Account For Largest Market Share During Forecast Period
- Table 24 Electric Aircraft Market, By Technology, 2018–2021 (Usd Million)
- Table 25 Electric Aircraft Market, By Technology, 2022–2030 (Usd Million)
- 10.2 Ctol
- 10.2.1 Increasing Need For Long-range Aircraft To Drive Demand For Business Jets And Regional Transport Aircraft
- 10.3 Stol
- 10.3.1 Increasing Developments In Hybrid Wing Aircraft To Drive Segment
- 10.4 Vtol
- 10.4.1 Large Deployment Of Vtol Aircraft For Air Taxi And Ems Services To Drive Segment
- 11 Electric Aircraft Market, By Application
- 11.1 Introduction
- Figure 33 Civil Segment To Lead Market During Forecast Period
- Table 26 Electric Aircraft Market, By Application, 2018–2021 (Usd Million)
- Table 27 Electric Aircraft Market, By Application, 2022–2030 (Usd Million)
- 11.2 Civil
- 11.2.1 Increasing Developments In Urban Mobility Applications To Drive Segment
- 11.3 Military
- 11.3.1 Need For Low-noise Aircraft In Isr Missions To Boost Segment
- 12 Electric Aircraft Market, By Region
- 12.1 Introduction
- Figure 34 Electric Aircraft Market: Regional Snapshot
- 12.2 Regional Recession Impact Analysis
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