[220+ Pages Latest Report] According to a market research study published by Custom Market Insights, the demand analysis of the Global Electric Aircraft Market size & share revenue was valued at approximately USD 8 Billion in 2021 and is expected to reach USD 10.77 billion in 2022 and is expected to reach around USD 33 Billion by 2030, at a CAGR of 16% between 2022 and 2030. The key market players listed in the report with their sales, revenues and strategies 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, and others.

Sandy, Utah, USA, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “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 2022–2030” in its research database.

“According to the latest research study, the demand for global Electric Aircraft Market size & share was valued at approximately USD 8 Billion in 2021 and is expected to reach USD 10.77 billion in 2022 and expected to reach a value of around USD 33 Billion by 2030, at a compound annual growth rate (CAGR) of about 16%during the forecast period 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.

Click Here to Access a Free Sample Report of the Global Electric Aircraft Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=20023

Electric Aircraft Market: Overview

Electric aeroplanes have the potential to change air travel by lowering their carbon footprint and fuel costs. The necessity for sustainable aviation and strict emission standards are the reasons for the strong demand for electric aircraft. However, it is anticipated that the need for adequate charging infrastructure and the expensive cost of electric aircraft will limit market expansion.

Using electric aircraft has the added benefit of producing less noise. Jet engines, which are quieter than conventional piston engines, are operated by electric aviation. This is a crucial reason why commercial airline operators worldwide are increasingly adopting electric aircraft.

(A free sample of the Electric Aircraft report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

• Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
• The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
• About 220+ Pages Research Report (Including Recent Research)
• Provide detailed chapter-by-chapter guidance on the Request
• Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2022
• Includes Tables and figures have been updated
• The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis 
• Custom Market Insights (CMI) research methodology

(Please note that the sample of the Electric Aircraft report has been modified to include the COVID-19 impact study prior to delivery.)

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Growth Factors

Fuel and gasoline are needed in significant quantities by the aircraft. This increases the cost of producing aeroplanes for the aviation sector. This element is propelling the widespread adoption and acceptance of electric aircraft. Additionally, the market for electric aircraft is expanding due to consumer preference for technologically advanced goods.

Escalating environmental concerns also fuel the market expansion for electric aircraft. The usage of electric aircraft contributes to a decrease in pollution. Additionally, this leads to a reduction in the harmful impacts of global warming. Additionally, electric aeroplanes are thought of as environmentally benign transportation options. Governments across various nations are attempting to reduce the consequences of greenhouse gas emissions and carbon emissions. Over the forecast period, this factor promotes the expansion and growth of the global market for electric aircraft. 

Technology advancements in the aviation sector are another element boosting the growth of the global market for electric aircraft. Numerous technologies are used in the production of aeroplanes. In addition, autonomous systems are being used with electric aeroplanes. Some electric aircraft are also used in the defence and military industries. These elements are accelerating the global market growth for electric aviation.

Segmental Overview

The Electric Aircraft market is bifurcated into type, component, technology, and range. Based on technology, in 2021, the hybrid electric aircraft segment represented a sizeable portion of overall revenue. Propellers, fuel-powered engines, and batteries are all used in hybrid electric aircraft. It occasionally combines traditional jet engines with electrically propelled propellers. This particular class of electric aircraft allows for a design that is not feasible with just fuel-powered machines. It provides for silent vertical takeoffs and landings. It also has many electric propellers, which aid in practical aerodynamics.

OEM and designers are driven by the urgent need to move the aircraft industry toward a power-driven future to market all-electric versions of aeroplanes. Additionally, it considerably lowers fuel costs, saving the aircraft sector money.

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Regional Overview

Due to rising environmental concerns and expanding government initiatives, North America will account for the most significant revenue share in 2021, fueling the market for electric aircraft. Additionally, many individuals and business owners in the North American region travel extensively by business aircraft. Due to this aspect, the demand for electric aircraft is expanding in North America.

Key questions answered in this report:

• What is the size of the Electric Aircraft market and what is its expected growth rate?
• What are the primary driving factors that push the Electric Aircraft market forward?
• What are the Electric Aircraft Industry's top companies?
• What are the different categories that the Electric Aircraft Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Electric Aircraft market sample report and company profiles?

Key Offerings:

• Market Share, Size & Forecast by Revenue | 2022−2030
• Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
• Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

The Asia Pacific region’s electric aircraft market is expanding due to numerous major market players and their rising expenditure in R&D activities. Furthermore, demand for electric aircraft is boosted by expanding commercial aviation in nations like India. Additionally, it is anticipated that China and Japan will contribute significantly to the region’s revenue development.

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
Base Year	2021
Forecast Period	2022-2030
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 Players Insights

Our market analysis includes a section specifically devoted to key players operating in the Electric Aircraft market. Our analysts overview each player’s financial statements, product benchmarking, and SWOT analysis. In addition, the competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of globally mentioned competitors. 

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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.
• Others

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

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On the basis of Geography

North America

• The U.S.
• Canada
• Mexico

Europe

• France
• The UK
• Spain
• Germany
• Italy
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• 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

Click Here to Access a Free Sample Report of the Global Electric Aircraft Market @ https://www.custommarketinsights.com/report/electric-aircraft-market/

Key Insights from Primary Research/Key Insights & Findings from the report:

• As per the analysis shared by our primary respondents, the Electric Aircraft market is expected to grow annually at a CAGR of around 10.5 %.
• Through primary research, it was established that the Electric Aircraft market was valued at around USD 1.5 Billion in 2021.
• Based on type segmentation, gas chromatography (GC) and high-performance liquid chromatography (HPLC) were predicted to show maximum market share in the year 2021.
• The key factor driving the market is the legalization of cannabis use for recreational and medical purposes will be the primary force behind future market trends.
• The “North America” region will lead the global Electric Aircraft market during the forecast period 2022 to 2030.

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• Maximum number of market tables and figures
• Subscription-based option offered
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• Free 35% or 60 hours of customization.
• Free post-sale service assistance.
• 25% discount on your next purchase.
• Service guarantees are available.
• Personalized market brief by author.

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This Electric Aircraft Market Research/Analysis Report Contains Answers to the following Questions.

• Which Manufacturing Technology is used for Electric Aircraft? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
• Who Are the Global Key Players in This Electric Aircraft Market? What are Their Company Profile, Their Product Information, and Contact Information?
• What Was the Global Market Status of the Electric Aircraft Market? What Was Capacity, Production Value, Cost and PROFIT of the Electric Aircraft Market?
• What Is the Current Market Status of the Electric Aircraft Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Electric Aircraft Market by Taking Applications and Types in Consideration?
• What Are Projections of the Global Electric Aircraft Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
• What Is Electric Aircraft Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
• What Is Economic Impact On Electric Aircraft Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
• What Are Market Dynamics of Electric Aircraft Market? What Are Challenges and Opportunities?
• What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Electric Aircraft Industry?

Reasons to Purchase Electric Aircraft Market Report

• Electric Aircraft Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
• Electric Aircraft Market report outlines market value (USD) data for each segment and sub-segment.
• This report indicates the region and segment expected to witness the fastest growth and dominate the market.
• Electric Aircraft Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
• The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
• The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
• Electric Aircraft Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Click Here to Get a Free Sample Report of the Global Electric Aircraft Market @ https://www.custommarketinsights.com/report/electric-aircraft-market/

Reasons for the Research Report

• The study provides a thorough overview of the global Electric Aircraft market. Compare your performance to that of the market as a whole.

• Aim to maintain competitiveness while innovations from established key players fuel market growth.

What does the report include?

• Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Electric Aircraft market analysis.

• The competitive environment of current and potential participants in the Electric Aircraft market is covered in the report, as well as those companies' strategic product development ambitions.

• According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

• For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

•  Participants and stakeholders worldwide Electric Aircraft market should find this report useful. The research will be useful to all market participants in the Electric Aircraft industry.

•  Managers in the Electric Aircraft sector are interested in publishing up-to-date and projected data about the worldwide Electric Aircraft market.

•  Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Electric Aircraft products' market trends.

•  Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans. 

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