Home / Aerospace & defense / Electric Aircraft Market by Component (Battery, Electric Motor, Others) by Technology (Hybrid, All Electric) by Type (Ultralight Aircraft, Light Jet) by Application (Power Generation, Power Distribution, Power Conversion, Energy Storage) by Power Range (Less than 500 Km, More than 500 Km): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Electric Aircraft Market by Component (Battery, Electric Motor, Others) by Technology (Hybrid, All Electric) by Type (Ultralight Aircraft, Light Jet) by Application (Power Generation, Power Distribution, Power Conversion, Energy Storage) by Power Range (Less than 500 Km, More than 500 Km): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Published: Jun 2021 | Report Code: 60396-06-21

The Electric Aircraft Market is expected to cross market value of USD 38,670 million in 2027 from USD 24,360 million in 2020. It is expected to grow at a CAGR of over 13.2% during the forecast period.

Key Market Drivers and Restraints

Rising innovations and new development of new aircraft technologies is one of the factors expected to drive the growth of the global electric aircraft market over the forecast period. Growing number of airline passengers is a factor projected to drive the growth of the global market. Moreover, electric aircraft removes usage of fossil fuel consumption and its resulting emissions, which contributes to environmental and cost benefits is another factor expected t fuel the growth of the global market.

However, some regulatory issues and macro-economic factors are expected to hinder the growth of the global market. In addition, high capital requirements and longer clearance periods are factors restraining the global electric aircraft market.

Impact of COVID 19

The COVID-19 disease is expected to sluggish growth of the market over the forecast period. Several industries have seen a significant negative change in their businesses. As all country has banned international and domestic travel, there is a decline in air travelers. Many people are staying at home and ensuing social distancing to comprise the spread of coronavirus. Several airline companies are forced to slow their airline projects because of loss in the airline business.

Europe to Dominate the global Electric Aircraft Market

The global Electric Aircraft Market covers the six regions, namely North America, Europe, Asia Pacific, Latin America, Middle East and Africa, including all the key economies in these regions. Europe market is dominated the global market and accounted for more than 58.2% of the total market. This is attributed to the advancements in technology and strong Research & Development initiatives by the significant players in these regional markets. Additional, to meet the changing demands of the shareholders in the aircraft market.

Global Electric Aircraft Market is led by the Ultralight Aircraft

Ultralight Aircraft and Light Jet, are the key type in the Electric Aircraft Market. In 2020, ultralight aircraft segment is accounted for the largest share of Electric Aircraft Market, due to its simple design and building. However, Light Jet segment is anticipated to grow at the fastest CAGR during the forecast period.

Power Distribution would continue to dominate the global Electric Aircraft Market in terms of Application

Power Generation, Power Distribution, Power Conversion and Energy Storage are some of the major types of Applications. Power distribution segment accounted for the largest share in 2020 of the Electric Aircraft Market in 2020. Increasing demand for power distribution due to fault-tolerant, highly flexible, and is controlled by a redundant microprocessor system.

Frequently asked questions about global Electric Aircraft market

  • What are the consequences of COVID 19 on global Electric Aircraft?
    Ans: Several companies in the electric aircraft were bound to halt manufacturing
  • Which is the key component through Electric Aircraft?
    Ans: Battery, Electric Motor, and Others are the most frequently through Electric Aircraft
  • Which is the key technology through which Electric Aircraft occurs?
    Ans: All Electric is the most technology in Electric Aircraft
  • Who are the key players in the global Electric Aircraft ?
    Ans: DELOREAN AEROSPACE, LLC, Joby Aviation, Elektra Solar GmbH, PIPISTREL, BYE AEROSPACE, Siemens, Safran, Honeywell International Inc., Thales Group, Lockheed Martin Corporation, Zunum Aero, Boeing, Airbus, Raytheon Technologies Corporation, YUNEEC, Bombardier, TTTech Computertechnik AG, and AgustaWestland are key players operating in this market
  • Which is the fastest growing Application segment for global Electric Aircraft?
    Ans: Power Distribution offers tremendous opportunities to players
  • Which is the leading regional market for global Electric Aircraft?
    Ans: Europe has the largest share owing to consumers are able to afford travel in electric flights
  • What will be the CAGR (2021 - 2027) of in global Electric Aircraft?
    Ans: The market is anticipated to grow at a CAGR of 13.2% throughout the forecast period
  • Which are the major factors driving the growth of global Electric Aircraft?
    Ans: Growing number of airline passengers is one of the factors expected to drive the growth of the global market during the forecast period

Table of Content
1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Electric Aircraft Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Electric Aircraft Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition,2020
3.3.1.Component
3.3.2.Technology
3.3.3.Application
3.3.4.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Products
3.4.5.Intensity of Competitive Rivalry

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players

5.COVID 19 Impact Analysis
5.1.Global Electric Aircraft Market Pre Vs Post COVID 19, 2019 - 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Electric Aircraft Market, by Country, 2015-2027(US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Electric Aircraft Market, by Component, 2015-2027(US$ Bn)
6.2.1.Overview
6.2.2.Battery
6.2.3.Electric Motor
6.3.North America Electric Aircraft Market, By Technology, 2015-2027(US$ Bn)
6.3.1.Overview
6.3.2.Hybrid
6.3.3.All Electric
6.4.North America Electric Aircraft Market, by Application, 2015-2027(US$ Bn)
6.4.1.Overview
6.4.2.Power Generation
6.4.3.Power Distribution
6.4.4.Power Conversion
6.4.5.Energy Storage

7.Europe
7.1.Europe Electric Aircraft Market, by Country, 2015-2027(US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Electric Aircraft Market, by Component, 2015-2027(US$ Bn)
7.2.1.Overview
7.2.2.Battery
7.2.3.Electric Motor
7.3.Europe Electric Aircraft Market, By Technology, 2015-2027(US$ Bn)
7.3.1.Overview
7.3.2.Hybrid
7.3.3.All Electric
7.4.Europe Electric Aircraft Market, by Application, 2015-2027(US$ Bn)
7.4.1.Overview
7.4.2.Power Generation
7.4.3.Power Distribution
7.4.4.Power Conversion
7.4.5.Energy Storage

8.Asia Pacific
8.1.Asia Pacific Electric Aircraft Market, by Country, 2015-2027(US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Electric Aircraft Market, by Component, 2015-2027(US$ Bn)
8.2.1.Overview
8.2.2.Battery
8.2.3.Electric Motor
8.3.Asia Pacific Electric Aircraft Market, By Technology, 2015-2027(US$ Bn)
8.3.1.Overview
8.3.2.Hybrid
8.3.3.All Electric
8.4.Asia Pacific Electric Aircraft Market, by Application, 2015-2027(US$ Bn)
8.4.1.Overview
8.4.2.Power Generation
8.4.3.Power Distribution
8.4.4.Power Conversion
8.4.5.Energy Storage

9.Latin America
9.1.Latin America Electric Aircraft Market, by Country, 2015-2027(US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Electric Aircraft Market, by Component, 2015-2027(US$ Bn)
9.2.1.Overview
9.2.2.Battery
9.2.3.Electric Motor
9.3.Latin America Electric Aircraft Market, By Technology, 2015-2027(US$ Bn)
9.3.1.Overview
9.3.2.Hybrid
9.3.3.All Electric
9.4.Latin America Electric Aircraft Market, by Application, 2015-2027(US$ Bn)
9.4.1.Overview
9.4.2.Power Generation
9.4.3.Power Distribution
9.4.4.Power Conversion
9.4.5.Energy Storage

10.Middle East
10.1.Middle East Electric Aircraft Market, by Country, 2015-2027(US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Electric Aircraft Market, by Component, 2015-2027(US$ Bn)
10.2.1.Overview
10.2.2.Battery
10.2.3.Electric Motor
10.3.Middle East Electric Aircraft Market, By Technology, 2015-2027(US$ Bn)
10.3.1.Overview
10.3.2.Hybrid
10.3.3.All Electric
10.4.Middle East Electric Aircraft Market, by Application, 2015-2027(US$ Bn)
10.4.1.Overview
10.4.2.Power Generation
10.4.3.Power Distribution
10.4.4.Power Conversion
10.4.5.Energy Storage

11.Africa
11.1.Africa Electric Aircraft Market, by Country, 2015-2027(US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Electric Aircraft Market, by Component, 2015-2027(US$ Bn)
11.2.1.Overview
11.2.2.Battery
11.2.3.Electric Motor
11.3.Africa Electric Aircraft Market, By Technology, 2015-2027(US$ Bn)
11.3.1.Overview
11.3.2.Hybrid
11.3.3.All Electric
11.4.Africa Electric Aircraft Market, by Application, 2015-2027(US$ Bn)
11.4.1.Overview
11.4.2.Power Generation
11.4.3.Power Distribution
11.4.4.Power Conversion
11.4.5.Energy Storage

12.Global
12.1.Global Electric Aircraft Market, by Component, 2015-2027(US$ Bn)
12.1.1.Overview
12.1.2.Battery
12.1.3.Electric Motor
12.2.Global Electric Aircraft Market, By Technology, 2015-2027(US$ Bn)
12.2.1.Overview
12.2.2.Hybrid
12.2.3.All Electric
12.3.Global Electric Aircraft Market, by Application, 2015-2027(US$ Bn)
12.3.1.Overview
12.3.2.Power Generation
12.3.3.Power Distribution
12.3.4.Power Conversion
12.3.5.Energy Storage

13.Company Profiles
13.1.DELOREAN AEROSPACE, LLC
13.2.Joby Aviation
13.3.Elektra Solar GmbH
13.4.PIPISTREL
13.5.BYE AEROSPACE
13.6.Siemens
13.7.Safran
13.8.Honeywell International Inc.
13.9.Thales Group
13.10.Lockheed Martin Corporation
13.11.Zunum Aero
13.12.Raytheon Technologies Corporation

List of Figures

FIG. 1 Global Electric Aircraft Market: Research Methodology

FIG. 2 Market Size Estimation – Top Down & Bottom up Approach

FIG. 3 Global Electric Aircraft Market Segmentation

FIG. 4 Global Electric Aircraft Market, by Product, 2019 (US$ Bn)

FIG. 5 Global Electric Aircraft Market, by End-user, 2019 (US$ Bn)

FIG. 6 Global Electric Aircraft Market, by Geography, 2019 (US$ Bn)

FIG. 7 Attractive Investment Proposition, by Geography, 2019

FIG. 8 Global Market Positioning of Key Electric Aircraft Market Manufacturers, 2019

FIG. 9 Global Electric Aircraft Market Value Contribution, By Component, 2019 & 2027 (Value %)

FIG. 10 Global Electric Aircraft Market, by Metal 1, Value, 2015-2027 (US$ Bn)

FIG. 11 Global Electric Aircraft Market, by Metal 2, Value, 2015-2027 (US$ Bn)

FIG. 12 Global Electric Aircraft Market, by Metal 3, Value, 2015-2027 (US$ Bn)

FIG. 13 Global Electric Aircraft Market, by Metal 4, Value, 2015-2027 (US$ Bn)

FIG. 14 Global Electric Aircraft Market, by Metal 5, Value, 2015-2027 (US$ Bn)

FIG. 15 Global Electric Aircraft Market, by Others, Value, 2015-2027 (US$ Bn)

FIG. 16 Global Electric Aircraft Market Value Contribution, By Technology, 2019 & 2027 (Value %)

FIG. 17 Global Electric Aircraft Market, by Process 1, Value, 2015-2027 (US$ Bn)

FIG. 18 Global Electric Aircraft Market, by Process 2, Value, 2015-2027 (US$ Bn)

FIG. 19 Global Electric Aircraft Market, by Process 3, Value, 2015-2027 (US$ Bn)

FIG. 20 U.S. Electric Aircraft Market, 2015-2027 (US$ Bn)

FIG. 21 Rest of North America Electric Aircraft Market, 2015-2027 (US$ Bn)

FIG. 22 U.K. Electric Aircraft Market, 2015-2027 (US$ Bn)

FIG. 23 Germany Electric Aircraft Market, 2015-2027 (US$ Bn)

FIG. 24 France Electric Aircraft Market, 2015-2027 (US$ Bn)

FIG. 25 Rest of Europe Electric Aircraft Market, 2015-2027 (US$ Bn)

FIG. 26 Japan Electric Aircraft Market, 2015-2027 (US$ Bn)

FIG. 27 China Electric Aircraft Market, 2015-2027 (US$ Bn)

FIG. 28 India Electric Aircraft Market, 2015-2027 (US$ Bn)

FIG. 29 Rest of Asia Pacific Electric Aircraft Market, 2015-2027 (US$ Bn)

FIG. 30 Middle East & Africa Electric Aircraft Market, 2015-2027 (US$ Bn)

FIG. 31 Latin America Electric Aircraft Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Electric Aircraft Market

TABLE 2 Global Electric Aircraft Market, by Component, 2015-2027 (US$ Bn)

TABLE 3 Global Electric Aircraft Market, by Technology, 2015-2027 (US$ Bn)

TABLE 4 Global Electric Aircraft Market, by Application, 2015-2027 (US$ Bn)

TABLE 5 Global Electric Aircraft Market, by Geography, 2015-2027 (US$ Bn)

TABLE 6 North America Electric Aircraft Market, by Component, 2015-2027 (US$ Bn)

TABLE 7 North America Electric Aircraft Market, by Technology, 2015-2027 (US$ Bn)

TABLE 8 North America Electric Aircraft Market, by Country, 2015-2027 (US$ Bn)

TABLE 9 Europe Electric Aircraft Market, by Component, 2015-2027 (US$ Bn)

TABLE 10 Europe Electric Aircraft Market, by Technology, 2015-2027 (US$ Bn)

TABLE 11 Europe Electric Aircraft Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 12 Asia Pacific Electric Aircraft Market, by Component, 2015-2027 (US$ Bn)

TABLE 13 Asia Pacific Electric Aircraft Market, by Technology, 2015-2027 (US$ Bn)

TABLE 14 Asia Pacific Electric Aircraft Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 15 Latin America Electric Aircraft Market, by Component, 2015-2027 (US$ Bn)

TABLE 16 Latin America Electric Aircraft Market, by Technology, 2015-2027 (US$ Bn)

TABLE 17 Latin America Electric Aircraft Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 18 Middle East Electric Aircraft Market, by Component, 2015-2027 (US$ Bn)

TABLE 19 Middle East Electric Aircraft Market, by Technology, 2015-2027 (US$ Bn)

TABLE 20 Middle East Electric Aircraft Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 21 Africa Electric Aircraft Market, by Component, 2015-2027 (US$ Bn)

TABLE 22 Africa Electric Aircraft Market, by Technology, 2015-2027 (US$ Bn)

TABLE 23 Africa Electric Aircraft Market, by Country/Region, 2015-2027 (US$ Bn)

TABLE 24 DELOREAN AEROSPACE, LLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 25 Joby Aviation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 26  Elektra Solar GmbH,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 27 PIPISTREL,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 28 BYE AEROSPACE,: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

TABLE 29  Siemens: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 30 , Safran: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 31 Honeywell International Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 32 Thales Group: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 33 Lockheed Martin Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 34 Zunum Aero: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

TABLE 35 Raytheon Technologies Corporation: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments

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