Electric Aircraft Market
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<strong>Electric</strong> <strong>Aircraft</strong> <strong>Market</strong> 2018<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2023<br />
PREPARED BY<br />
<strong>Market</strong> Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
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<strong>Electric</strong> <strong>Aircraft</strong> <strong>Market</strong> 2018<br />
<strong>Electric</strong> <strong>Aircraft</strong> <strong>Market</strong> 2018: Industry Survey, Growth, Competitive<br />
Landscape and Forecasts to 2023<br />
An electric aircraft is an aircraft power-driven by electric motors. <strong>Electric</strong> energy may be supplied by<br />
several methods, including ground power cables, batteries, solar cells, power beaming ultracapacitors,<br />
and fuel cells. Increase in per capita income has led to a continuous rise in the number<br />
of air passengers over the past few years. This has driven the demand for aircraft, which, in turn, is<br />
driving the growth of the electric aircraft market. <strong>Electric</strong> aircraft manufacturers are looking forward<br />
to developing electric-powered aircraft that will consume no fuel, emit no CO2 or NOx, and will be<br />
considerably quieter as compared to the traditional gas-powered aircraft.<br />
Rising fuel prices have become a major concern for the aircraft companies. This is impelling them to<br />
look for alternatives to conventional fuel sources. Thus, the focus on electrical energy as an ecofriendly<br />
and efficient alternative to conventional fuel may increase the electric aircraft market<br />
demand over the forecast period. The use of electric aircraft will help in reducing noise, air, and<br />
ground pollution. This results in minimizing the hazards of global warming. This is estimated to drive<br />
the demand for the electric aircraft market.
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<strong>Electric</strong> <strong>Aircraft</strong> <strong>Market</strong> 2018<br />
“Taste the market data and market information presented through more than<br />
50 market data tables and figures spread in 100 numbers of pages of the<br />
project report. Avail the in-depth table of content TOC & market synopsis on<br />
“<strong>Electric</strong> <strong>Aircraft</strong> <strong>Market</strong> Research Report - Global Forecast 2023”<br />
<strong>Electric</strong> aircraft are very innovative with respect to functioning and technology. An electric aircraft<br />
consists of a variety of autonomous electric components and systems, including structural<br />
components, smart skin, and printed electronics. The electric aircraft market growth is propelled by<br />
the rise in usage of these autonomous systems. The decrease in the operational & maintenance<br />
costs and the remarkable increase in aircraft deliveries have been a few other major factors spurring<br />
the electric aircraft market demand.
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<strong>Electric</strong> <strong>Aircraft</strong> <strong>Market</strong> 2018<br />
Segmentation:<br />
This study provides an overview of the global <strong>Electric</strong> <strong>Aircraft</strong> <strong>Market</strong>, tracking four market segments<br />
across five geographic regions. The report studies key players, providing a five-year annual trend<br />
analysis that highlights market size, volume and share for North America, Europe, Asia Pacific<br />
(APAC) and the Middle East & Africa, and Latin America. The report also provides a forecast,<br />
focusing on the market opportunities for the next five years for each region. The scope of the study<br />
segments the global <strong>Electric</strong> <strong>Aircraft</strong> market by its Technology, Power Source, Range, Application,<br />
and Region.<br />
According to MRFR, the global <strong>Electric</strong> <strong>Aircraft</strong> <strong>Market</strong> is estimated to witness a CAGR of more than<br />
4% during the forecast period from 2018 to 2023.<br />
The electric aircraft market is an emerging market with fewer multinational and regional<br />
manufacturers and suppliers. These multinational players offer heterogeneous products and<br />
services. These products may sometimes be customized, particularly when it comes to military<br />
aircraft. The electric aircraft market is highly capital driven and completely based on technological<br />
developments, quality, cost, and reliability of the components. To gain a competitive advantage, the<br />
major vendors in the market respond and identify the evolving trends in geopolitical situations.<br />
Browse Report @ https://www.marketresearchfuture.com/reports/electricaircraft-market-6109
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<strong>Electric</strong> <strong>Aircraft</strong> <strong>Market</strong> 2018<br />
Application & Major Players in this Research:<br />
<strong>Electric</strong> <strong>Aircraft</strong> <strong>Market</strong> Prominent Players:<br />
Bye Aerospace (U.S.),<br />
DeLorean Aerospace (U.S.),<br />
Eviation <strong>Aircraft</strong> (Israel),<br />
<strong>Electric</strong> <strong>Aircraft</strong> Corporation (U.S.),<br />
Lilium (Germany),<br />
PC Aero (Germany),<br />
Pipistrel (U.K),<br />
Siemens (Germany), Schempp-Hirth (Germany),<br />
Volta-Volaré (U.S.), Yuneec International (China), and Zunum Aero (U.S.).<br />
.<br />
Request a Sample Report @<br />
https://www.marketresearchfuture.com/sample_request/6109
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<strong>Electric</strong> <strong>Aircraft</strong> <strong>Market</strong> 2018<br />
<strong>Electric</strong> <strong>Aircraft</strong> <strong>Market</strong> Competitive Analysis<br />
Commenting on the report, an analyst from <strong>Market</strong> Research Future<br />
(MRFR)’s team said:<br />
North America is estimated to be a prominent region for the electric aircraft<br />
market during the forecast period. Rise in the developments in the military<br />
sector, such as the procurement of lightweight aircraft and innovative military<br />
jets, is expected to increase the demand for the electric aircraft market in<br />
North America. In Asia Pacific, India and China are expected to grow at a<br />
significant rate, during the forecast period, as these countries follow the<br />
Environmental Protection Agency (EPA) and International Civil Aviation<br />
Organization (ICAO) emission norms to combat air pollution.<br />
Hence, there is potential for use of electric aircraft for air transport in this<br />
region. Investments in lightweight components, highly efficient power<br />
electronics, and highly competent batteries drive the demand for the market.<br />
In addition, support from governments, in terms of tax benefits and subsidies,<br />
will support the growing demand throughout the forecast period.
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