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NEW YORK, 13 July 2023: The electric aircraft market is expected to grow significantly in the next decade, with revenue surpassing USD 9.5bn by 2033. This growth is being driven by a number of factors, including the increasing demand for sustainable transportation, the development of new battery technologies, and government incentives.
The report provides a comprehensive analysis of the electric aircraft market, including forecasts for range, electric propulsion, aircraft type, battery technology, and application. The report also includes profiles of 15 of the major companies involved in the electric aircraft market.
Key Findings
- The electric aircraft market is expected to grow at a CAGR of 19.8% from 2023 to 2033.
- The short/medium-range segment is expected to be the largest market, accounting for 60% of total revenue in 2033.
- The turbo-electric propulsion segment is expected to be the fastest-growing segment, with a CAGR of 22.5% from 2023 to 2033.
- The fixed-wing electric aircraft segment is expected to be the largest market, accounting for 70% of total revenue in 2033.
- The lithium-ion battery technology segment is expected to be the largest market, accounting for 80% of total revenue in 2033.
- The commercial electric aircraft segment is expected to be the largest market, accounting for 50% of total revenue in 2033.
Key Drivers
- Increasing demand for sustainable transportation
- Development of new battery technologies
- Government incentives
Key Challenges
- High cost of electric aircraft
- Limited range of electric aircraft
- Lack of infrastructure for electric aircraft
Leading companies and the potential for market growth includes Aeromobil, Airbus SE, Ampaire, Bye Aerospace, Electroflight, Eviation Aircraft, Harbour Air Seaplanes, Joby Aviation, Lilium NV, MagniX, Pipistrel, The Boeing Company, Voltaero, Wright Electric Inc, Zunum Aero.
Conclusion
The electric aircraft market is a rapidly growing market with a lot of potential. The report provides a comprehensive analysis of the market and identifies the key drivers and challenges. The report also includes profiles of 15 of the major companies involved in the electric aircraft market.
