The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The Business Research Company’s Electric Aircraft Global Market Report 2024 offers crucial insights into the electric aircraft market help businesses analyse and build stronger strategies.

The electric aircraft market has experienced rapid growth, with projections reaching $10.41 billion in 2024, boasting a Compound Annual Growth Rate (CAGR) of 14.7%. This expansion is attributed to various factors including urban air mobility (UAM) initiatives, rising fuel costs, demonstration flights, environmental concerns, and government incentives.

• Global Air Passenger Surge:
  • Increased global air passenger volume is a significant driver of the electric aircraft market.
  • Benefits such as speed and increased international travel contribute to the rising preference for air travel.
  • According to the International Air Transport Association, global air traffic surged by 76.0% from March 2021 to March 2022, indicating a substantial increase in demand.
• Key Players:
  • Major companies like Airbus, Boeing, and Yuneec International are instrumental in shaping the electric aircraft market.
  • Their innovative approaches and strategic initiatives drive technological advancements and market growth.

Rolls-Royce Unveils Innovative Turbogenerator Technology

Technological advancements play a pivotal role in shaping the electric aircraft landscape. Companies are continuously introducing novel technologies to enhance capabilities and gain a competitive edge.

• Turbogenerator Technology:
  • Rolls-Royce introduced groundbreaking turbogenerator technology, including a compact engine for hybrid-electric applications.
  • This technology expands the range of sustainable aviation fuels and offers scalable power supplies, catering to diverse aviation needs.
  • With power ranges from 500 kW to 1200 kW, this innovation revolutionizes electric aircraft capabilities.

Read The Full Electric Aircraft Market Report Here:

https://www.thebusinessresearchcompany.com/report/electric-aircraft-global-market-report

Textron’s Strategic Acquisition Drives Sustainable Aviation

In April 2022, Textron Inc. made a strategic move by acquiring Pipistrel, a Slovenia-based electric aircraft manufacturer, for $235 million. This acquisition reinforces Textron’s commitment to sustainable aviation.

• Formation of Textron eAviation Division:
  • Pipistrel will be integrated into Textron’s new eAviation division, dedicated to developing a range of sustainable aircraft for urban air mobility, general aviation, freight, and special missions.
  • Leveraging Pipistrel’s expertise in electric aircraft design and certification, Textron aims to drive innovation and address evolving market demands.

Market Segmentation and Regional Insights

The electric aircraft market exhibits diverse segmentation based on type, technology, system, platform, and application, reflecting the multifaceted nature of the industry.

• Segmentation Overview:
  1. By Type: Fixed Wing, Rotary Wing, Hybrid Wing.
  2. By Technology: CTOL, STOL, VTOL.
  3. By System: Batteries, Electric Motors, Aerostructures, Avionics, Software, Other Systems.
  4. By Platform: Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft.
  5. By Application: Commercial, Military, Other Applications.
• Regional Dominance:

• North America emerged as the largest region in the electric aircraft market in 2023, underscoring its pivotal role in driving market growth.
• The region’s emphasis on technological innovation, regulatory support, and investment in sustainable aviation contribute to its market dominance.

Get A Free Sample On The Global Electric Aircraft Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=8142&type=smp

The Electric Aircraft Global Market Report 2024 provides a comprehensive outlook of the electric aircraft market for the historic years (2010 -2021) and ten years forecast (2023 – 2032).The electric aircraftmarket forecast offers a thorough analysis onelectric aircraftmarket size, electric aircraft market share,prominent players and their strategies.

The Table Of Content For The Electric Aircraft Market Include:
1. Electric Aircraft Market Executive Summary
2. Electric Aircraft Market Segments
3. Electric Aircraft Market Size And Electric Aircraft Market Growth Rate
4. Key Electric Aircraft Market Trends
5. Major Electric Aircraft Market Drivers
……
25. Key Mergers And Acquisitions In The Electric Aircraft Market
26. Top Electric Aircraft Companies
27. Electric Aircraft Market Opportunities And Strategies
28. Electric Aircraft Market, Conclusions And Recommendations
29. Appendix

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