Electric Aircraft Market Size, Trends and Insights By Type (Light Jet, Ultra-light), By Component (Aircraft Battery, Electric Motors, Others), By Technology (All Electric, Hybrid), By Range (More than 500 Km, Less than 500 Km), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Pipistrel Group
- Bye Aerospace
- Airbus
- Aerospace Limited
- Leonardo S.p.A.
- Yuneec Holding Limited
- Others
Reports Description
The market for electric aeroplanes is expanding as people become more interested in ecologically responsible ways to travel.
According to Custom Market Insights (CMI), The Global Electric Aircraft Market size was estimated at USD 8 Billion in 2021 and is expected to reach USD 10.77 Billion in 2022 and is expected to hit around USD 33 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 16% from 2022 to 2030.
The report examines the Electric Aircraft market’s drivers and restraints and their impact analysis. Also, the report mentions global opportunities prevailing in the Electric Aircraft market.
Electric Aircraft Market: Overview
Electric aeroplanes are very cutting-edge in terms of technology and operation. For instance, with the aid of electric backup, helicopters can practice safety control during landing in spite of any engineering errors. This acts as a major market-driving factor. Electric aircraft opens up new applications for a variety of innovative electrical systems and components, including printed electronics, smart skin, and structural components, which is expected to further expand the market. The rising use of autonomous systems is fueling the expansion of the global market for electric aircraft. A few other important aspects driving the market demand include the necessity to achieve optimum aeroplane performance, reduced gas emissions and airport noise, reduced operational & maintenance expenses, and the enormous growth in aircraft deliveries.
Demand for electric aeroplanes is growing as the number of passengers flying across the world rises. In recent years, middle-class people have developed the disposable money necessary to pay for air travel, which is a development that has affected developing nations. The overall number of passengers on planes increased by a million between 2017 and 2018. Air traffic is also rising as a result of the tourism sector’s ongoing expansion. As a result, there is a growing need for aircraft, and manufacturers are being urged to create environmentally efficient aircraft. Additionally, the growing demand from the logistics industry is opening up profitable expansion potential for electric aircraft. Logistics industries have been concerned about cargo aeroplane emissions. To reduce carbon dioxide emissions, participants in this sector are systematically investing in electric forms of transportation.
Electric Aircraft Market: COVID–19 Impact Analysis
The market for electric aeroplanes has been badly disrupted by the COVID-19 epidemic. The global lockdown, travel restrictions, anti-infection protection measures, and work-from-home rules, which have led businesses and corporate travelers to cancel flight reservations, are just a few of the problems that have caused the market for electric aircraft to undergo a downturn. The number of leisure travelers has also dropped as a result of the epidemic’s increase in the price of airline tickets. However, it is expected that revenue planning would be optimized in the post-COVID-19 environment with the use of new technologies like cloud computing, big data analytics, as well as machine learning algorithms.
Electric Aircraft Market: Growth Drivers
Surging Environmental Concerns
The use of electric aeroplanes is expected to increase since they leave a less carbon footprint. Along with an increase in air travel, the size of the world’s fleet of aircraft is growing, which increases carbon dioxide emissions. In order to reduce pollution, electric aeroplanes are therefore absolutely necessary. These aircraft also eliminate the need for non-renewable fuels, which have a negative impact on the environment, to keep the engines running.
Utilizing electric aircraft more frequently for logistics
The logistics sector is pursuing zero- or low-emission transport solutions due to environmental concerns. The logistics industry is making significant investments in electric-powered vehicle transportation techniques. The cutting-edge technology of the electric aircraft, which enables it to carry cargo on schedule, is also advantageous to the logistics sector. The electric plane is also financially sensible. Thus, the use of electric aircraft for logistics will be the primary driver of market growth throughout the anticipated timeframe.
Electric Aircraft Market: Segmentation Analysis
In our research scope, the Electric Aircraft market is segmented into type, component, technology, and range. The global market for electric aircraft is categorized based on its members, including electric motors, batteries, and others. Electric motors are used more frequently because of their many advantages, including fewer maintenance requirements and superior performance. Electric motors are highly reliable since they have few moving components and demand little maintenance. The design is uncomplicated, and friction between moving parts doesn’t waste any energy. This function increases electric motor efficiency.
Over the projected time, it is anticipated that revenue in the aviation battery segment will increase significantly. The two main types of materials used in aviation batteries for the plates are lead-acid and nickel-cadmium (NiCd). Lead-acid batteries are both technologically and commercially favourable. Among other advantages, these include a wide range of sizes and specifications, a large current capacity, and a tolerance for overcharging and overuse. This battery is also widely available because it is produced by a number of businesses. Additional advantages of NiCd battery use include a simple manufacturing process and a longer life cycle. Additionally, due to their greater specific energy and improved pulse power performance, lead-acid batteries are incomparable.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 8 Billion |
| Projected Market Size in 2030 | USD 33 Billion |
| Market Size in 2022 | USD 10.77 Billion |
| CAGR Growth Rate | 16% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Pipistrel Group, Bye Aerospace, Airbus, Aerospace Limited, Leonardo S.p.A., Yuneec Holding Limited, Faradair Aerospace Limited, Boeing, Groupe Gorge, Digisky S.R.L., and Others |
| Key Segment | By Type, Component, Technology, Range, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
- As per the analysis shared by our research analyst, the Electric Aircraft market is estimated to grow annually at a CAGR of around 16% over the forecast period (2022-2030).
- In terms of revenue, the Electric Aircraft market size was valued at around USD 8 billion in 2021 and is projected to reach USD 33 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- The Electric Aircraft market research offers a comprehensive analysis of the present market and projections through 2020–2030 to help find possibilities to profit from the existing market.
- The study includes data on the significant market drivers, challenges, and opportunities and their effects.
- The study elaborates on the SWOT analysis and Porter’s Five Forces model.
- The market study’s value chain analysis gives a comprehensive picture of the stakeholder’s responsibilities.
Recent Development
- 2021: At the French airport of La Bourget, Volocopter GmbH, a German aircraft manufacturer, operated an electrical air taxi for the first time. This electric air taxi was 30 meters above the airport and traveled 500 meters at a speed of 30 kilometers per hour. Furthermore, it has a luggage compartment and has room for two passengers. The 2024 Olympic Games in Paris will use an air taxi as a means of transportation.
- 2021: Airbus announced its intention to switch all A320 neo aircraft’s mechanical rudder controls to fully electric ones by 2024. The long-range A321XLR, developed with the E-rudder concept in mind, will be introduced simultaneously as the upgrade.
Regional Landscape
Geographically, a high CAGR is anticipated in the European market for electric aircraft. One of the cutting-edge materials that the area has quickly adopted is gamma-titanium aluminides. This material improves mechanical properties while lowering noise levels, carbon emissions, and fuel consumption. The growth of the electric aircraft market across a number of geographical areas is being driven by numerous significant market competitors and their increasing investment in R&D projects. Regulations bodies like the European Union Aviation Safety Agency, which are actively attempting to lower emission levels, are promoting market expansion in the European region (EASA). People in this area also enjoy better economic conditions than others. They can therefore afford to take short commutes using electric aircraft.
In 2021, it is predicted that North America will continue to maintain the largest market share. In North America, the usage of electric aircraft for urban air transport is increasing, which is expected to drive market expansion there. Additionally, a lot of people who care about the environment utilize electric aeroplanes to travel short distances, increasing demand for the product.
Competitive Landscape
Few major businesses that operate on a worldwide and regional scale dominate the competitive landscape of the electric aircraft market. Key players are working on new products and forming alliances to diversify their product portfolios and establish a solid footing on the global market.
Prominent Players:
- Pipistrel Group
- Bye Aerospace
- Airbus
- Aerospace Limited
- Leonardo S.p.A.
- Yuneec Holding Limited
- Faradair Aerospace Limited
- Boeing
- Groupe Gorge
- Digisky S.R.L.
The global Electric Aircraft market is segmented as follows:
By Type
- Light Jet
- Ultra-light
By Component
- Aircraft Battery
- Electric Motors
- Others
By Technology
- All Electric
- Hybrid
By Range
- More than 500 Km
- Less than 500 Km
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Electric Aircraft Market, (2022 – 2030) (USD Billion)
- 2.2 Global Electric Aircraft Market : snapshot
- Chapter 3. Global Electric Aircraft Market – Industry Analysis
- 3.1 Electric Aircraft Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Surging Environmental Concerns
- 3.2.2 Increasing the use of electric aircraft for logistics purposes
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Component
- 3.7.3 Market attractiveness analysis By Technology
- 3.7.4 Market attractiveness analysis By Range
- Chapter 4. Global Electric Aircraft Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Electric Aircraft Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Electric Aircraft Market – Type Analysis
- 5.1 Global Electric Aircraft Market overview: By Type
- 5.1.1 Global Electric Aircraft Market share, By Type, 2021 and 2030
- 5.2 Light Jet
- 5.2.1 Global Electric Aircraft Market by Light Jet, 2022 – 2030 (USD Billion)
- 5.3 Ultra-light
- 5.3.1 Global Electric Aircraft Market by Ultra-light, 2022 – 2030 (USD Billion)
- 5.1 Global Electric Aircraft Market overview: By Type
- Chapter 6. Global Electric Aircraft Market – Component Analysis
- 6.1 Global Electric Aircraft Market overview: By Component
- 6.1.1 Global Electric Aircraft Market share, By Component, 2021 and 2030
- 6.2 Aircraft Battery
- 6.2.1 Global Electric Aircraft Market by Aircraft Battery, 2022 – 2030 (USD Billion)
- 6.3 Electric Motors
- 6.3.1 Global Electric Aircraft Market by Electric Motors, 2022 – 2030 (USD Billion)
- 6.4 Others
- 6.4.1 Global Electric Aircraft Market by Others, 2022 – 2030 (USD Billion)
- 6.1 Global Electric Aircraft Market overview: By Component
- Chapter 7. Global Electric Aircraft Market – Technology Analysis
- 7.1 Global Electric Aircraft Market overview: By Technology
- 7.1.1 Global Electric Aircraft Market share, By Technology, 2021 and 2030
- 7.2 All Electric
- 7.2.1 Global Electric Aircraft Market by All Electric, 2022 – 2030 (USD Billion)
- 7.3 Hybrid
- 7.3.1 Global Electric Aircraft Market by Hybrid, 2022 – 2030 (USD Billion)
- 7.1 Global Electric Aircraft Market overview: By Technology
- Chapter 8. Global Electric Aircraft Market – Range Analysis
- 8.1 Global Electric Aircraft Market overview: By Range
- 8.1.1 Global Electric Aircraft Market share, By Range, 2021 and 2030
- 8.2 More than 500 Km
- 8.2.1 Global Electric Aircraft Market by More than 500 Km, 2022 – 2030 (USD Billion)
- 8.3 Less than 500 Km
- 8.3.1 Global Electric Aircraft Market by Less than 500 Km, 2022 – 2030 (USD Billion)
- 8.1 Global Electric Aircraft Market overview: By Range
- Chapter 9. Electric Aircraft Industry – Regional Analysis
- 9.1 Global Electric Aircraft Industry Regional Overview
- 9.2 Global Electric Aircraft Industry Share, by Region, 2021 & 2030 (USD Billion)
- 9.3. North America
- 9.3.1 North America Electric Aircraft Industry, 2022 – 2030 (USD Billion)
- 9.3.1.1 North America Electric Aircraft Industry, by Country, 2022 – 2030 (USD Billion)
- 9.3.1 North America Electric Aircraft Industry, 2022 – 2030 (USD Billion)
- 9.4 North America Electric Aircraft Industry, by Type, 2022 – 2030
- 9.4.1 North America Electric Aircraft Industry, by Type, 2022 – 2030 (USD Billion)
- 9.5 North America Electric Aircraft Industry, by Component, 2022 – 2030
- 9.5.1 North America Electric Aircraft Industry, by Component, 2022 – 2030 (USD Billion)
- 9.6 North America Electric Aircraft Industry, by Technology, 2022 – 2030
- 9.6.1 North America Electric Aircraft Industry, by Technology, 2022 – 2030 (USD Billion)
- 9.7 North America Electric Aircraft Industry, by Range, 2022 – 2030
- 9.7.1 North America Electric Aircraft Industry, by Range, 2022 – 2030 (USD Billion)
- 9.8. Europe
- 9.8.1 Europe Electric Aircraft Industry, 2022 – 2030 (USD Billion)
- 9.8.1.1 Europe Electric Aircraft Industry, by Country, 2022 – 2030 (USD Billion)
- 9.8.1 Europe Electric Aircraft Industry, 2022 – 2030 (USD Billion)
- 9.9 Europe Electric Aircraft Industry, by Type, 2022 – 2030
- 9.9.1 Europe Electric Aircraft Industry, by Type, 2022 – 2030 (USD Billion)
- 9.10 Europe Electric Aircraft Industry, by Component, 2022 – 2030
- 9.10.1 Europe Electric Aircraft Industry, by Component, 2022 – 2030 (USD Billion)
- 9.11 Europe Electric Aircraft Industry, by Technology, 2022 – 2030
- 9.11.1 Europe Electric Aircraft Industry, by Technology, 2022 – 2030 (USD Billion)
- 9.12 Europe Electric Aircraft Industry, by Range, 2022 – 2030
- 9.12.1 Europe Electric Aircraft Industry, by Range, 2022 – 2030 (USD Billion)
- 9.13. Asia Pacific
- 9.13.1 Asia Pacific Electric Aircraft Industry, 2022 – 2030 (USD Billion)
- 9.13.1.1 Asia Pacific Electric Aircraft Industry, by Country, 2022 – 2030 (USD Billion)
- 9.13.1 Asia Pacific Electric Aircraft Industry, 2022 – 2030 (USD Billion)
- 9.14 Asia Pacific Electric Aircraft Industry, by Type, 2022 – 2030
- 9.14.1 Asia Pacific Electric Aircraft Industry, by Type, 2022 – 2030 (USD Billion)
- 9.15 Asia Pacific Electric Aircraft Industry, by Component, 2022 – 2030
- 9.15.1 Asia Pacific Electric Aircraft Industry, by Component, 2022 – 2030 (USD Billion)
- 9.16 Asia Pacific Electric Aircraft Industry, by Technology, 2022 – 2030
- 9.16.1 Asia Pacific Electric Aircraft Industry, by Technology, 2022 – 2030 (USD Billion)
- 9.17 Asia Pacific Electric Aircraft Industry, by Range, 2022 – 2030
- 9.17.1 Asia Pacific Electric Aircraft Industry, by Range, 2022 – 2030 (USD Billion)
- 9.18. Latin America
- 9.18.1 Latin America Electric Aircraft Industry, 2022 – 2030 (USD Billion)
- 9.18.1.1 Latin America Electric Aircraft Industry, by Country, 2022 – 2030 (USD Billion)
- 9.18.1 Latin America Electric Aircraft Industry, 2022 – 2030 (USD Billion)
- 9.19 Latin America Electric Aircraft Industry, by Type, 2022 – 2030
- 9.19.1 Latin America Electric Aircraft Industry, by Type, 2022 – 2030 (USD Billion)
- 9.20 Latin America Electric Aircraft Industry, by Component, 2022 – 2030
- 9.20.1 Latin America Electric Aircraft Industry, by Component, 2022 – 2030 (USD Billion)
- 9.21 Latin America Electric Aircraft Industry, by Technology, 2022 – 2030
- 9.21.1 Latin America Electric Aircraft Industry, by Technology, 2022 – 2030 (USD Billion)
- 9.22 Latin America Electric Aircraft Industry, by Range, 2022 – 2030
- 9.22.1 Latin America Electric Aircraft Industry, by Range, 2022 – 2030 (USD Billion)
- 9.23. The Middle-East and Africa
- 9.23.1 The Middle-East and Africa Electric Aircraft Industry, 2022 – 2030 (USD Billion)
- 9.23.1.1 The Middle-East and Africa Electric Aircraft Industry, by Country, 2022 – 2030 (USD Billion)
- 9.23.1 The Middle-East and Africa Electric Aircraft Industry, 2022 – 2030 (USD Billion)
- 9.24 The Middle-East and Africa Electric Aircraft Industry, by Type, 2022 – 2030
- 9.24.1 The Middle-East and Africa Electric Aircraft Industry, by Type, 2022 – 2030 (USD Billion)
- 9.25 The Middle-East and Africa Electric Aircraft Industry, by Component, 2022 – 2030
- 9.25.1 The Middle-East and Africa Electric Aircraft Industry, by Component, 2022 – 2030 (USD Billion)
- 9.26 The Middle-East and Africa Electric Aircraft Industry, by Technology, 2022 – 2030
- 9.26.1 The Middle-East and Africa Electric Aircraft Industry, by Technology, 2022 – 2030 (USD Billion)
- 9.27 The Middle-East and Africa Electric Aircraft Industry, by Range, 2022 – 2030
- 9.27.1 The Middle-East and Africa Electric Aircraft Industry, by Range, 2022 – 2030 (USD Billion)
- Chapter 10. Company Profiles
- 10.1 Pipistrel Group
- 10.1.1 Overview
- 10.1.2 Financials
- 10.1.3 Product Portfolio
- 10.1.4 Business Strategy
- 10.1.5 Recent Developments
- 10.2 Bye Aerospace
- 10.2.1 Overview
- 10.2.2 Financials
- 10.2.3 Product Portfolio
- 10.2.4 Business Strategy
- 10.2.5 Recent Developments
- 10.3 Airbus
- 10.3.1 Overview
- 10.3.2 Financials
- 10.3.3 Product Portfolio
- 10.3.4 Business Strategy
- 10.3.5 Recent Developments
- 10.4 Aerospace Limited
- 10.4.1 Overview
- 10.4.2 Financials
- 10.4.3 Product Portfolio
- 10.4.4 Business Strategy
- 10.4.5 Recent Developments
- 10.5 Leonardo S.p.A.
- 10.5.1 Overview
- 10.5.2 Financials
- 10.5.3 Product Portfolio
- 10.5.4 Business Strategy
- 10.5.5 Recent Developments
- 10.6 Yuneec Holding Limited
- 10.6.1 Overview
- 10.6.2 Financials
- 10.6.3 Product Portfolio
- 10.6.4 Business Strategy
- 10.6.5 Recent Developments
- 10.7 Faradair Aerospace Limited
- 10.7.1 Overview
- 10.7.2 Financials
- 10.7.3 Product Portfolio
- 10.7.4 Business Strategy
- 10.7.5 Recent Developments
- 10.8 Boeing
- 10.8.1 Overview
- 10.8.2 Financials
- 10.8.3 Product Portfolio
- 10.8.4 Business Strategy
- 10.8.5 Recent Developments
- 10.9 Groupe Gorge
- 10.9.1 Overview
- 10.9.2 Financials
- 10.9.3 Product Portfolio
- 10.9.4 Business Strategy
- 10.9.5 Recent Developments
- 10.10 Digisky S.R.L.
- 10.10.1 Overview
- 10.10.2 Financials
- 10.10.3 Product Portfolio
- 10.10.4 Business Strategy
- 10.10.5 Recent Developments
- 10.1 Pipistrel Group
List Of Figures
Figures No 1 to 27
List Of Tables
Tables No 1 to 102
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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FAQs
“North America” region will lead the global Electric Aircraft market during the forecast period 2022 to 2030.
The key factors driving the market are surging Environmental Concerns and increasing the use of electric aircraft for logistics purposes.
The key players operating in the Electric Aircraft market are Pipistrel Group, Bye Aerospace, Airbus, Aerospace Limited, Leonardo S.p.A., Yuneec Holding Limited, Faradair Aerospace Limited, Boeing, Groupe Gorge, Digisky S.R.L.
The global Electric Aircraft market is expanding growth with a CAGR of approximately 16% during the forecast period (2022 to 2030).
The global Electric Aircraft market size was valued at USD 8 Billion in 2021 and it is projected to reach around USD 33 Billion by 2030.