Commercial Electric Aircraft Market by Technology, Range (500 Km & Above, Below 500 Km), Application

Description

List of Tables

[197 Pages Report] The Commercial Electric Aircraft Market size was estimated at USD 5.58 billion in 2023 and expected to reach USD 6.19 billion in 2024, at a CAGR 11.75% to reach USD 12.16 billion by 2030.

Commercial electric aircraft refer to airplanes powered primarily by electric motors, with energy stored in batteries or fuel cells aimed at transporting passengers or cargo in a commercial capacity. This emerging class of aircraft showcases the potential to revolutionize the aviation industry by offering a more sustainable and cost-effective alternative to traditional fossil-fueled airplanes. The market for commercial electric aircraft is propelled by a growing emphasis on reducing carbon emissions and combating climate change, which has spurred interest in cleaner transportation modes, including aviation. Despite the considerable potential, regulatory hurdles and the need for new infrastructure, such as charging stations at airports, pose significant challenges. However, ongoing innovations in electric propulsion and battery technologies represent lucrative future opportunities for market expansion. Moreover, government funding and grants aimed to support the development of electric aircraft technologies further open up new growth avenues for the market players.

KEY MARKET STATISTICS
Base Year [2023]	USD 5.58 billion
Estimated Year [2024]	USD 6.19 billion
Forecast Year [2030]	USD 12.16 billion
CAGR (%)	11.75%

Technology: Growing R&D activities aimed at developing battery electric aircraft

Battery electric aircraft are powered exclusively by electric motors, with energy sourced from onboard batteries. The appeal of battery electric aircraft lies in their potential for zero emissions, reduced noise pollution, and lower operating costs than traditional fossil fuel-powered engines. Hybrid aircraft are an intermediate step towards fully electric aviation, combining traditional internal combustion engines with electric propulsion systems. This hybrid approach allows for significant reductions in fuel consumption and emissions while also capitalizing on the reliability and range of conventional engines.

Application: Higher significance of UAM into existing urban landscapes to alleviate ground traffic congestions

Adopting commercial electric aircraft in the cargo transport sector showcases the potential to revolutionize how goods are moved across short to medium distances. Electric aircraft bring significant advantages, including reductions in carbon emissions, lower operating costs, and the flexibility to operate in more varied and potentially shorter routes owing to their less stringent runway requirements. Urban air mobility (UAM) is one of the most significant applications of commercial electric aircraft, offering a novel solution to urban congestion by utilizing the airspace above cities. UAM envisages using electric Vertical Take-Off and Landing (eVTOL) aircraft for intra and inter-city travel, providing a fast, reliable, and sustainable alternative to traditional ground-based transportation systems. The potential of UAM extends to various use cases, including air taxi services, emergency medical services, and last-mile cargo delivery. The integration of UAM into existing urban landscapes presents the potential to alleviate ground traffic congestion, reduce travel times, and contribute to the reduction of urban air pollution.

Regional Insights

The commercial electric aircraft market in the Americas is undergoing a significant transformation, driven by advancements in battery technology and increasing environmental regulations. The United States, with numerous startups and established aerospace companies, presents robust growth in commercial electric aircraft development. Government incentives and a strong push for greener transportation methods are further propelling the region's market growth. Environmental concerns and stringent emission standards propel the market forward in the EMEA region. European countries, in particular, are highly proactive, with several initiatives and funding programs aimed at advancing electric aircraft technology. The region benefits from a strong presence of established aerospace manufacturers and startups focusing on sustainability and electrification in aviation. The APAC region exhibits a rapidly growing interest in commercial electric aircraft, with robust investments in electric aviation technology as part of the region's broader environmental sustainability and technological leadership goals.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Commercial Electric Aircraft Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Commercial Electric Aircraft Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Commercial Electric Aircraft Market, highlighting leading vendors and their innovative profiles. These include AeroVironment, Inc., Airbus SE, AMETEK, Inc., Ampaire Inc., Archer Aviation Inc., Atlantic Aviation, BAE Systems PLC, BETA Technologies, Elbit Systems Ltd., Embraer S.A., Equator Aircraft AS, Eviation, GE Aerospace, Guangzhou EHang Intelligent Technology Co. Ltd, Heart Aerospace, Joby Aero, Inc., Lilium GmbH, Lockheed Martin Corporation, Moog Inc., Pipistrel D.O.O. by Textron Inc., RTX Corporation, Safran S.A., Scandinavian Airlines by SAS AB, Thales Group, The Boeing Company, Vertical Aerospace Ltd., and Zunum Aero.

Market Segmentation & Coverage

This research report categorizes the Commercial Electric Aircraft Market to forecast the revenues and analyze trends in each of the following sub-markets:

Technology
- Battery Electric Aircraft
- Hybrid Aircraft

Range
- 500 Km & Above
- Below 500 Km

Application
- Cargo Transport
- Urban Air Mobility

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Commercial Electric Aircraft Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Commercial Electric Aircraft Market?

3. What are the technology trends and regulatory frameworks in the Commercial Electric Aircraft Market?

4. What is the market share of the leading vendors in the Commercial Electric Aircraft Market?

5. Which modes and strategic moves are suitable for entering the Commercial Electric Aircraft Market?

Product Code: MRR-A413C23B6489

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing government support and inclination toward electric mobility
  - 5.1.1.2. Surging popularity of unmanned commercial electric vehicles
- 5.1.2. Restraints
  - 5.1.2.1. High cost associated with the development of electric aircraft
- 5.1.3. Opportunities
  - 5.1.3.1. Rise in funding activities for commercial electric aircraft development
  - 5.1.3.2. Ongoing advancements in aircraft battery technology
- 5.1.4. Challenges
  - 5.1.4.1. Concerns associated with current battery technology in commercial electric aircraft
5.2. Market Segmentation Analysis
- 5.2.1. Technology: Growing R&D activities aimed at developing battery electric aircraft
- 5.2.2. Application: Higher significance of UAM into existing urban landscapes to alleviate ground traffic congestions
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Commercial Electric Aircraft Market, by Technology

6.1. Introduction
6.2. Battery Electric Aircraft
6.3. Hybrid Aircraft

7. Commercial Electric Aircraft Market, by Range

7.1. Introduction
7.2. 500 Km & Above
7.3. Below 500 Km

8. Commercial Electric Aircraft Market, by Application

8.1. Introduction
8.2. Cargo Transport
8.3. Urban Air Mobility

9. Americas Commercial Electric Aircraft Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Commercial Electric Aircraft Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Commercial Electric Aircraft Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Business Aviation Group Installs Beta's Electric Aircraft Charging Stations
- 12.3.2. Scandinavian Airlines to Launch Electric-Powered Aircraft for Commercial Flights
- 12.3.3. Stellantis to Build Electric Aircraft with Archer and Provide Strategic Funding for Growth
12.4. Strategy Analysis & Recommendation

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio