HYBRID ELECTRIC JET MARKET ANALYSIS

Regional Analysis

Global Hybrid Electric Jet Market: Regional Insights

On basis of region, the global hybrid electric jet market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Europe is expected to exhibit the highest growth in the market during the forecast period, owing to the presence of large number of manufacturers such as Airbus SE, Rolls Royce, Siemens AG, Boeing, and Easy Jet. Europe is projected to retain its dominance in market over the forecast period, owing to increasing number of manufactures, collaboration, and partnerships.

Due to rising environmental concerns and expanding government initiatives, North America will account for the greatest revenue share in 2022, which will fuel the market for electric aircraft. Additionally, many individuals and business owners in the North American region travel extensively by business jet. The market for electric aircraft is expanding in North America as a result of this aspect.

During the forecast period, Europe is anticipated to grow the fastest. In Europe, the U.K. controls the market for electric aircraft. Major market players are what are driving the growth of the electric aircraft industry in Europe. Additionally, the region's residents have the means to fly on business jets, which is fueling Europe's demand for electric aircraft. Additionally, supportive government policies are fostering market expansion.

Figure 1. Global Hybrid Electric Jet Market Share (%), By Region, 2022

• North America: U.S. and Canada
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, South Korea and Rest of Asia Pacific
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Middle East & Africa: GCC Countries, South Africa and Rest of MEA