The Future of Electric Aircraft Market in the forecast period (2020-2025) as predicted by Stratview Research
March 18, 2020
The report on Electric Aircraft to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2020 – 2025
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This report, from Stratview Research, studies the Electric Aircraft Market over the trend period from 2013 to 2018 and the forecast period from 2020 to 2025. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Get a description of the report here: https://www.stratviewresearch.com/737/electric-aircraft-market.html
Aircraft Type Segment
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.
Component Type Segment
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.
Technology Type Segment
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.
Region Wise Segment
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.
Check the Table of Contents to browse through the report better: https://www.stratviewresearch.com/toc/737/electric-aircraft-market.html
Highlights of the Report:
Electric Aircraft Market is likely to witness an impressive CAGR of 5.2% during the forecast period. Financially viable cost of possession of electric aircraft and their merits over traditional aircraft are underpinning the growth of the global electric aircraft market.
Some of the major players in the electric aircraft market are Alisport SRL, Aurora (A Boeing Company), Airbus SE, Bye Aerospace, Cessna Aircraft (Textron Aviation), Delorean Aerospace, Embraer S.A., Evektor-Aerotechnik, Hamilton Aero Maintenance, and Joby Aviation.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
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