The report on the Electric Aircraft Market published by Stratview Research covers in depth details associated with the Electric Aircraft Market.
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The Electric Aircraft Market is likely to witness a CAGR of 8.8% during the forecast period. The prime factors that are driving the Electric Aircraft Market is its superior thermal conductivity property leading to its wide usage in a wide array of industries.
Key Players
The following are the key players in the Electric Aircraft Market:
Alisport SRL
Aurora (A Boeing Company)
Airbus SE
Bye Aerospace
Cessna Aircraft (Textron Aviation)
Delorean Aerospace
Embraer S.A.
Evektor-Aerotechnik
Hamilton Aero Maintenance
Joby Aviation.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Electric Aircraft Market value and growth drivers over the trend period of 2022-27. According to the report –
Electric Aircraft Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Financially viable cost of possession of electric aircraft and their merits over traditional aircraft are underpinning the growth of the global electric aircraft market.
Segment Analysis:
Based on Application Type:
Based on the aircraft type, the market is segmented as ultralight aircraft and light jet. The ultralight aircraft segment dominated the market in 2018, and is expected to maintain its dominance during the forecast period as well. The possession of ultralight aircraft is economically viable owing to its simplistic design and building. With the rise in fuel prices, the demand for ultralight aircraft is expected to pace up the demand for various training purposes during the forecast period.
Based on Region:
In terms of regions, Europe dominated the electric aircraft market in 2018, and is expected to continue its dominance during the forecast period as well. The market is led by the aircraft and its component industry in Europe, which is focusing to adopt new advanced materials, such as gamma-titanium aluminides and single crystals, which offer enhanced mechanical properties. These high-tech engines help aircraft minimize their fuel consumptions, carbon emissions and noise, among a host of such other factors. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
Critical Questions Answered in the Report
- What are the key trends in the Electric Aircraft Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on Electric Aircraft Market?
- What are the key strategies adopted by the major vendors to lead in the Electric Aircraft Market?
- What is the market share of the top vendors?
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