Electric Aircraft Market
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www.marketresearchfuture.com<br />
<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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