Press Release

Visiongain Ltd.

Electric Aircraft Market Report 2021-2031

November 12th, 2021 12:00 AM

Visiongain has published a new report on Electric Aircraft Market Report: Forecasts by Component (Battery, Electric Motor, Aircraft Body, Control System), by Aircraft Type (Ultralight, Light), by Propulsion Type (All Electric, Semi Electric), by Range (Short Range, Medium Range, Long Range) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Companies AND COVID-19 Recovery Scenarios.

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The growth of this market can be attributed to low maintenance requirement of electric aircraft, growing demand for green aviation, and development of advanced batteries. Electric aircraft are electrically powered through electric motors, batteries, ground power cables, solar cells, ultra-capacitors, fuel cells and power beaming. It is advantageous for aircraft operators as lifecycle cost is reduced by electric propulsion, driven by increased efficiency and reduced energy costs and, potentially reduced maintenance cost. The low maintenance of electric aircraft is one of the factors that will contribute to the growth of the market.

The aviation industry has been looking towards reducing their carbon footprint and focusing on green propulsion such as electrical propulsion. With the adoption of electric aircraft for travel such as air taxis, and regional transport, it will contribute to the initiative of the aviation industry focusing on green propulsion. In addition to this, as electric aircraft are electrically powered, the demand for electric aircraft is expected to grow in the upcoming years.

All-electric and hybrid-electric configurations demand high battery storage capacity and low-weight components as it is vital for all-electric aircraft. The electrical storage systems may require an energy density of at least 500 Wh/kg. Hence, development of advanced batteries is expected to drive the electric aircraft market.

COVID-19 Impact on Electric Aircraft Market

The COVID-19 outbreak has created a huge impact across the globe. Due to this pandemic, air travel has been impacted the worst, with numerous countries imposing travel bans on international passenger flights. Further, if travel restrictions will be relaxed, it would take time for the international travel to return to the levels witnessed in the past few years. This has resulted in decline in aircraft orders as well as halt in various electric aircraft programs.

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How the Electric Aircraft Market report helps you
In summary, our 180+ page report provides you with the following knowledge:

  • Revenue forecasts to 2031 for Electric Aircraft Market, with forecasts for By Component, By Aircraft Type, By Propulsion Type and By Range, each forecasted at a global and regional level- discover the industry’s prospects, finding the most lucrative places for investments and revenues.
  • Revenue forecasts to 2031 for 5 regional and 17 key national markets – See forecasts for the Electric Aircraft market in North America, Europe, Asia-Pacific and Rest of the World. Also forecasted is the market in the US, Canada, Argentina, Brazil, Germany, France, UK, Italy, China, India, Japan, and Australia among other prominent economies.
  • Prospects for established firms and those seeking to enter the market- including company profiles for 10 of the major companies involved in the Electric Aircraft Market.

Competitive Landscape

The players operating in the aviation industry are highly focused on developing electric aircraft as well as components supporting the electric aircraft architecture. In addition to this the key players are carrying out developments for electric aircraft. Some of the companies profiled in the report include Hamilton Aero, PC Aero, Yuneec International, Eviation Aircraft, Zunum Aero, Pipistrel, Schempp-Hirth, Lilium, Airbus, Alisport SRL, among others.

  • In May 2020, Eviation and GKN Aerospace have entered into an agreement for the design and manufacture of wings, empennage, and electrical wiring interconnection systems (EWIS) for Alice, the regional electric aircraft recently launched by Eviation.
  • In July 2020, Lilium and Toray Industries, a manufacturer of carbon fiber entered a partnership for the supply of higher performance carbon fiber composite.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.

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Information found nowhere else
with our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the Electric Aircraft Market and leading companies. You will find data, trends and predictions.

Find more Visiongain research reports on Aviation Industry click on the following links:

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About Visiongain

Visiongain is one of the fastest growing and most innovative, independent, market intelligence around, the company publishes hundreds of market research reports which it adds to its extensive portfolio each year. These reports offer in-depth analysis across 18 industries worldwide. The reports cover a 10-year forecast, are hundreds of pages long, with in depth market analysis and valuable competitive intelligence data. Visiongain works across a range of vertical markets, which currently can influence one another, these markets include automotive, aviation, chemicals, cyber, defense, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors. Our customized and syndicated market research reports means that you can have a bespoke piece of market intelligence customized to your very own business needs.


Catherine Walker
PR at Visiongain Inc.
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