Electric Aircraft Market Trend Evaluation with covid-19 impact

Electric Aircraft Market Trend Evaluation with covid-19 impact

August 12, 2020

The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Electric Aircraft Market is no different. Derived from the previous market scenario, the Electric Aircraft Market is likely to witness an impressive CAGR of 5.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.

Salient Features of the Report

The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.

The following are the key features of the report:

  • Strategic segmentation
  • Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
  • COVID-19 Impact Analysis
  • Detailed Competitive Rivalry landscaping
  • Market trend and forecast analysis
  • Future Growth Boulevards  

Get access to a deeper coverage of the impact of COVID-19 on this Market here: https://www.stratviewresearch.com/Request-Sample/737/electric-aircraft-market.html

Electric Aircraft Market Share: By Aircraft Type

Based on the aircraft type, the market is segmented as ultralight aircraft and light jet. The ultralight aircraft segment dominated the market in 2018, and is expected to maintain its dominance during the forecast period as well. The possession of ultralight aircraft is economically viable owing to its simplistic design and building. With the rise in fuel prices, the demand for ultralight aircraft is expected to pace up the demand for various training purposes during the forecast period.

Electric Aircraft Market Share: By Aircraft Type

Based on the aircraft type, the market is segmented as ultralight aircraft and light jet. The ultralight aircraft segment dominated the market in 2018, and is expected to maintain its dominance during the forecast period as well. The possession of ultralight aircraft is economically viable owing to its simplistic design and building. With the rise in fuel prices, the demand for ultralight aircraft is expected to pace up the demand for various training purposes during the forecast period.

Electric Aircraft Market Share: By Component Type

Based on the component type, the market is segmented as aircraft battery, aircraft electric motor, and others. The others segment comprises electric-ducted fans and power electronics. Power electronics are employed to power all crucial aircraft mechanisms, such as environmental control systems, flight control actuation, utility functions, and cabin pressurization, which were traditionally commanded by hydraulic and pneumatic means.  Electric-ducted fans apply multiple propeller blades fixed to a single electric motor in an aircraft.

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Electric Aircraft Market Share: By Technology Type

Based on the technology type, the market is segmented as hybrid aircraft and all-electric aircraft. The all-electric aircraft segment is expected to lead the market in the coming five years. The trend for all-electric aircraft is estimated to increase over the coming five years as aircraft OEMs are teaming up with their suppliers to design new systems that will hybridize conventional propulsion systems and implement new electrical-intensive designs.

Electric Aircraft Market Share: By Region

In terms of regions, Europe dominated the electric aircraft market in 2018, and is expected to continue its dominance during the forecast period as well. The market is led by the aircraft and its component industry in Europe, which is focusing to adopt new advanced materials, such as gamma-titanium aluminides and single crystals, which offer enhanced mechanical properties. These high-tech engines help aircraft minimize their fuel consumptions, carbon emissions and noise, among a host of such other factors. North America and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.

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Author : Emily

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