Electric Aircraft Market Growth Forecast To Be Steady At 4.17% To 2023 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 07.16.18

Airborne-UnManned 07.17.18

Airborne 07.18.18

AMA Drone Report 07.12.18

Airborne 07.13.18

Airborne-YouTube

Airborne 07.16.18

Airborne-UnManned 07.17.18

Airborne 07.18.18

AMA Drone Report 07.12.18

Airborne 07.13.18

Mon, Apr 16, 2018

Electric Aircraft Market Growth Forecast To Be Steady At 4.17% To 2023

Expected To Reach $121.8 Million By The End Of The Forecast Period

A new report projects that the electric aircraft market is projected to grow from an estimated $99.3 million in 2018 to $121.8 million by 2023, at a CAGR (Compound Annual Growth Rate) of 4.17% from 2018 to 2023. Lower cost of ownership of electric aircraft and advantages of electric aircraft over traditional aircraft are key factors driving the growth of the market.

The electric aircraft market has been segmented into ultralight aircraft and light jet. The ultralight aircraft segment is expected to lead the electric aircraft market in 2018. The ownership of ultralight aircraft is cost-effective due to the simplistic design and construction of these aircraft. With the increase in fuel prices, the demand for ultralight aircraft is expected to increase for training purposes.

Significant investment incurred in development of different types of electric aircraft is a major factor restraining growth of electric aircraft market across globe. Significant investments are required at different stages of value chain of electric aircraft industry (especially in R&D, manufacturing, system integration, & assembly stages).

The European region is estimated to account for the largest share of the electric aircraft market in 2018.This region is highly fragmented with a large number of electric aircraft manufacturers, namely, PC Aero (Germany), Pipistrel (Italy), Lilium (Germany), Alisport SRL (Italy), and Schempp-Hirth (Germany). The aircraft and its component industry in Europe is aiming to use new advanced materials, such as gamma-titanium aluminides and single crystals, with improved mechanical properties, these advanced engines help aircraft reduce its fuel consumption, carbon emissions, and noise pollution.

Major factor restraining growth of tension control market is the high initial cost required to set up and install tension control equipment, particularly automated tension control in the paper processing and flexible printing & packaging industries. The restraining factor is particularly prevalent in the Asia Pacific region, where small-scale packaging industry has a considerable share.

The key players profiled in this report from ReportsnReports.com are Zunum Aero (US), Yuneec International (China), PC Aero (Germany), Pipistrel (Italy), Eviation Aircraft (Israel) Lilium (Germany), Schempp-Hirth(Germany), Volta-Volaré (US), Bye Aerospace (US) and Electric Aircraft Corporation(US).Some of the innovators of different types of electric aircraft are DeLorean Aerospace (US), Joby Aviation(US), Siemens(Germany), and Evektor (Czech Republic).

(Source: ReportsnReports news release)

FMI: www.reportsnreports.com

Advertisement

More News

'An Extraordinary Friends of Bob Hoover' Event Scheduled For AirVenture Oshkosh

Some Tickets Remaining For The Annual Hoover Get-Together An “EFOB” (Extraordinary Friends of Bob Hoover) event will be held Wednesday evening, July 25th, during this y>[...]

Airborne 07.13.18: Tiny Twin at OSH, New Trig Radios, Noise Nonsense

Also: Whirly-Girls International, Aeolus Launch, Davenport IA Airport Accident, $150K Civil Penalty Over the years, ANN’s Jim Campbell has often remarked about a fondness for>[...]

Klyde Morris (07.16.18)

Klyde... There Ain't No Buck Rogers Without The Bucks! FMI: www.klydemorris.com>[...]

One More Reason To Celebrate Oshkosh -- ANN To Select Best Sportplanes of 2018!

In An Age Clouded By Icon's Flim-Flammery, We Want To Suggest Companies/Planes We HONESTLY Believe You Should Trust As we have in year's past... ANN is dusting off one of our reade>[...]

Details About ANN’s NEW Social Media Program (SMP) For Oshkosh 2018!

ANN Pushes Aviation Media Further Into The 21st Century... ANN is radically updating its social media campaign for the upcoming 2018 Oshkosh AirVenture Fly-In. This is just the lat>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC