The Rise of "Electric Aircraft" - Explore More

 An Electric Aircraft is one that is propelled by electricity, often using a single or many electric motors that turn propellers. The most popular way to supply electricity is using batteries, but there are other options as well. Since the 1970s, electrically driven models have been flown, and they were the precursors of the tiny unmanned aerial vehicles (UAVs) or drones that are now employed extensively for a variety of purposes in the twenty-first century.

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The fixed wing segment is expected to experience significant growth during the forecast period. This segment includes revenue generated through sales and manufacturing of electric aircrafts that are integrated in fixed wing commercial as well as military aircraft. Aggressive research and development by global players on commercial front to reach carbon neutrality level and reduce carbon footprint of aviation industry support the segment growth. The aim is projected to accelerate innovations within the fixed wing segment, generating novel business potential.

Key Market Players - 

ZeroAvia, Embraer SA, PIPISTREL d.o.o., Ampaire Inc., lilium, Airbus, AeroVironment, Inc., Joby Aviation, VOLOCOPTER GMBH, Eviation, Duxion, Elbit Systems Ltd., Rolls Royce Plc, EHang Holdings Ltd., Wright Electric, Inc.

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Both primary (single use) and secondary (rechargeable) batteries can be utilized in aviation applications. Any battery intended for use as a power source for devices installed on or regularly transported on aircraft must not only be secure but also ideally have a high energy density, be lightweight, dependable, require little upkeep, and function effectively over a broad range of environmental conditions. 

KEY FINDINGS OF THE STUDY

  • By takeoff type, the conventional takeoff and landing segment is anticipated to exhibit significant growth in the near future.
  • By component, the batteries segment is anticipated to exhibit significant growth in the near future.
  • By end use, the commercial segment is anticipated to exhibit significant growth in the near future.
  • By platform, the fixed-wing segment is anticipated to exhibit significant growth in the near future.
  • By region, North America is anticipated to register the highest CAGR during the forecast period.


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