The Electric Jet Market growth is expected to gain high momentum during the forecast period due to the exhausting and depleting energy resources. Also, the growth of the aviation market has put a positive impact on the electric jets market.

Due to depleting conventional sources of energy as well as pollution caused by them, consumers are now switching to cleaner sources of energy. According to the Air Traffic Pollution and Control (ATPAC), the aviation industry produces 2% of the world’s total carbon emission.

Electric jets use renewable energy sources as compared to traditional jets, which use conventional sources of energy. Moreover, electric jets are economical as compared to traditional jets. Thus, owing to their environmental and cost benefits, the global electric jet market is expected to rise steadily during the forecast period. Furthermore, batteries, solar cells, solar power, etc., can be used to supply electricity to these jets.

Segment Analysis: 

The electric jet market is segmented based on aircraft type, component, technology, and power density.

The aircraft type segment is further segmented into light jet and ultralight aircraft. Due to the cost-effective design of these ultralight jets, their demand has increased.

The component segment is further divided into the electric motor, battery, and others. These are crucial components, as they power aircraft.    

Key Factors Impacting Market Growth:

• Decreasing exhaustible and conventional sources of energy

• No harmful emissions such as carbon monoxide, methane, etc.

• Awareness among end-users of harmful effects of jets run on conventional sources of energy

• Electric jets have less noise

• Growth of the aviation market

• Rising demand for military carriers

• Preference for air travel

Key Developments:

• In 2017, Airbus AE (Singapore), Siemens AG (Germany), and Rolls Royce (UK) collaborated and manufactured an electric plane called E-FAN X with 100 seats.

• The Norway Government has issued guidelines to aircraft manufacturers to build a 30-seat airliner powered by electric motors.

Regional Outlook:

The Global Electric Jet Market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of the key factors governing the demand for the global electric Jet market during the forecast period. Major countries in these regions include the US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region. The Asia Pacific is estimated to be the fastest-growing region with increasing expenditure on defense and space research. With the presence of some of the fastest-growing economies including India and China, this region is projected to be a major market for global electric jet during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for the global electric jet market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of the World is an emerging market for the global electric jet with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.

Companies Covered: Yuneec International, Zunum Aero, PC Aero, Pipistrel, Lilium, Eviation Aircraft, Schempp-Hirth, Volta-Volaré, Electric Aircraft Corporation, and Bye Aerospace

Market Segmentation:

By Aircraft Type:

• Light Jet

• Ultralight Aircraft

 By Component:

• Electric Motor

• Battery

• Others

By Technology:

• Hybrid

• All Electric

By Power Density: 

• More than 500 Km

• Less than 500 Km

By Region:

• North America

  • By Country (US, Canada, Mexico)

  • By Aircraft Type

  • By Component

  • By Technology

  • By Power Density

• Western Europe

  • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

  • By Aircraft Type

  • By Component

  • By Technology

  • By Power Density

• Eastern Europe

  • By Country (Russia, Turkey, Rest of Eastern Europe)

  • By Aircraft Type

  • By Component

  • By Technology

  • By Power Density

• Asia Pacific

  • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

  • By Aircraft Type

  • By Component

  • By Technology

  • By Power Density

• Middle East

  • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

  • By Aircraft Type

  • By Component

  • By Technology

  • By Power Density

• Rest of the World

  • By Region (South America, Africa)

  • By Aircraft Type

  • By Component

  • By Technology

  • By Power Density

Reasons to Buy This Report:

• Market size estimation of the global electric jet market on a regional and global basis

• The unique research design for market size estimation and forecast

• Profiling of major companies operating in the market with key developments

• Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:

• By Segment

• By Sub-segment

• By Region/Country

For more information, contact: [email protected]