ELECTRIC AIRCRAFT MARKET ANALYSIS

Electric Aircraft Market, By Type (Ultralight Aircraft and Light Jet), By Component (Battery, Electric Motor, and Others), By Technology (Hybrid and All Electric), By Power Range (Less than 500 Km and More than 500 Km), By Application (Commercial, Military, and Others), By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023
Code : CMI4295
Pages :150
Formats :
Excel and PDF
Industry : Automotive and Transportation

Market Challenges And Opportunities

Restraints & Challenges:

Lack of skilled resources

Restraint:

Lack of skilled resources is expected to hamper the electric aircraft market growth. There is a requirement of high technical expert resources who know how to repair batteries in case of any danger. Furthermore, it is mandatory to prevent the degradation of batteries in order to maintain the performance of the batteries. These factors are expected to hamper the market growth during the forecast period.

Market Opportunity:

Advancements in technologies such as shifting preference to turbo-electric propulsion from gas turbines and also shift from hydraulic landing gear to electric gear can provide lucrative growth opportunities for the market. For instance, in July 2020, Etihad Airways and Boeing launched sustainable test flights that will improve airplane efficiency, reduce fuels, and cut CO2 emissions.