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Research report explores the electric aircraft market worth 121.8 million USD by 2023

Automotive and Transportation Market Research

The electric aircraft market was valued at USD 96.3 Million in 2017 and is projected to reach USD 121.8 Million by 2023, at a CAGR of 4.17% during the forecast period. The objectives of this study are to analyze the electric aircraft market, along with the provision of its statistics. It also aims to define, describe, and forecast the electric aircraft market on the basis of the aircraft type, technology, component, range, and region. The year 2017 has been considered the base year for this study, whereas 2018 to 2023 is considered as the forecast period

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According to the new market research report on the "Electric Aircraft Market by Aircraft Type (Ultralight Aircraft, Light Jet), Component (Battery, Electric Motor), Technology (Hybrid and All Electric), Range (Less than 500 Km and More than 500 Km), and Region - Global Forecast to 2023", The electric aircraft market is projected to grow from an estimated USD 99.3 Million in 2018 to USD 121.8 Million by 2023, at a CAGR of 4.17% from 2018 to 2023. Low cost of ownership of electric aircraft and advantages of electric aircraft over traditional aircraft are driving the electric aircraft market.

Browse 66 market data Tables and 30 Figures spread through 111 Pages and in-depth TOC on "Electric Aircraft Market by Aircraft Type (Ultralight Aircraft, Light Jet), Component (Battery, Electric Motor), Technology (Hybrid and All Electric), Range (Less than 500 Km and More than 500 Km), and Region - Global Forecast to 2023"
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Based on range, the less than 500 km segment is projected to lead the electric aircraft market during the forecast period

Based on the range, the less than 500 km segment is expected to lead the electric aircraft market during the forecast period.

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Aircraft can achieve higher range with the introduction of advanced and high capacity batteries in the market. As a result, the electric aircraft with increased range were launched for commercial use.

The ultralight electric aircraft available in the market mostly have range from 0 to 500 km. These aircraft are used for recreational and training purposes.

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Based on component, the battery segment of the electric aircraft market is projected to witness the highest growth during the forecast period

Based on component, the battery segment of the electric aircraft market is projected to witness the highest growth during the forecast period. Batteries and other storage devices can be installed in the primary structure of the electric aircraft; most electric powered aircraft use lithium-ion batteries.

These batteries are economic and can be scaled to build larger systems of several hundred kWh energys capacity.

The Europe region is expected to lead the electric aircraft market during the forecast period from 2018 to 2023

The Europe region is expected to lead the electric aircraft market during the forecast period. The aircraft 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.

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Major companies profiled in the electric aircraft market report are PC Aero (Germany), Pipistrel (Italy), Lilium (Germany), Alisport SRL (Italy), and Schempp-Hirth (Germany).

Global Aromatherapy Market report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate. Geographically analysis of Aromatherapy covers following countries North America, Europe, China, Japan, Southeast Asia and India, from 2018 to 2025 (forecast) with CAGR %.

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