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Electric Aircraft Market by PLatform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software), Technology, Application, and Region - Forecast to 2030

Electric Aircraft Market by PLatform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software), Technology, Application, and Region - Forecast to 2030

The global market for electric aircraft is estimated to be USD 7.9 billion in 2021 and is projected to reach USD 27.7 billion by 2030, at a CAGR of 14.8% during the forecast period. The growth of this market is mainly driven by the deployment of urban air mobility aircraft and the increasing use of electric aircThe sudden outbreak of the COVID-19 has taken a toll on various industrial sectors, with aviation being one of the worst affected. However, the electric aircraft market did not seem to have been impacted by the pandemic as much as the aviation industry as a whole. Electric UAVs were widely used by militaries for a variety of missions like border security, while governments and law enforcement agencies used them on an experimental basis.

Civil & commercial applications of electric aircraft include transportation of medical supplies by companies like Zipline and mostly for aerial photography. Retail and other logistics companies are increasingly looking towards the usage of electric UAVs to distribute essential items due to intermittent lockdowns and the imposition of social distancing protocols worldwide. In the US, companies like Amazon and USP have already scaled up their usage of electric drones for their deliveries. Electric drones are also witnessing an increased application in Africa, as they are being used as the art of EMS services to supply medicines and amenities as well as transport organs and blood across cities. These factors have helped the electric aircraft market to sustain the overall impact of the COVID-19 pandemic on the global economy aicraft for cargo applications and different aerial mission-specific activities.

The light & ultralight aircraft segment is expected to grow the largest, based on platform of electric aircraft. Various technological advancements and aircraft modernization programs are expected to boost the market for electric aircraft. Low noise electric UAVs are increasingly adopted in civil and military applications. An increase in corporate activities and the need for aircraft with low carbon footprints are to drive demand for electric aircraft.

“The Hybrid wing segment is projected to witness the highest CAGR during the forecast period.”

Based on type, the rotary wing segment is projected to be the highest CAGR rate for the electric aircraft market during the forecast period. The evolution in the missions’ complexity of both military aircraft and unmanned aerial vehicles (UAVs) and the increase in civilian air traffic, with limited runways, will lead to increasing adoption of these wing type.

“The battery Segment is projected to witness the highest CAGR during the forecast period.”

Based on the system, the battery segment is projected to grow at the highest CAGR rate for the electric aircraft market during the forecast period. Batteries are the most common onboard energy storage components of electric aircraft due to their relatively high storage capacity. Modern batteries are mostly rechargeable and are lithium-based. Advancements in battery power density would be the driving factor for this segment

“The VTOL segment is projected to witness the highest CAGR during the forecast period”

Based on the technology, the VTOL segment is projected to grow at the highest CAGR rate for the aircraft landing gear market during the forecast period. Large deployment in civil applications, including air taxi and ems services, will drive this segment. Most of the civil eVTOL aircraft are designed for urban air mobility, air taxis, medical assistance, and personnel passenger transportation.

“The Civil segment is projected to witness the highest CAGR during the forecast period”

Based on application, the Civil segment is projected to grow at the highest CAGR rate for the aircraft landing gear market during the forecast period. As urban planners, public transit agencies, and walking and biking advocates work to steer cities away from a future congested with cars and as others discuss ethics, realities, and regulations of autonomous vehicles, increasing developments in urban mobility applications will drive this segment.

“The North American market is projected to contribute the largest share from 2021 to 2026”

Electric Aircraft market in North America is projected to hold the highest market share during the forecast period. North America accounted for the largest share of 34.3% of the electric aircraft market and is expected to grow at a CAGR of 16.1% during the forecast period. The US has the largest UAV fleet used in military and civil applications. Early adoption of electric aircraft for urban air mobility is also being witnessed in the US. These factors are expected to drive the market in North America.

Breakdown of primaries The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
•By Company Type: Tier 1–49%; Tier 2–37%; and Tier 3–14%
•By Designation: C Level–55%; Directors–27%; and Others–18%
•By Region: North America–55%; Europe–27%; Asia Pacific–9%; and Rest of the World–9%

The electric aircraft market is dominated by a few globally established players such as Airbus SE (Netherlands), Elbit Systems Ltd. (Israel), and AeroVironment, Inc (US).

Research Coverage

The study covers the electric aircraft market across various segments and subsegments. It aims at estimating the size and growth potential of this market across different segments based on platform, type, system, technology, application, and region. This study also includes an in-depth competitive analysis of the key players in the market, along with their company profiles, key observations related to their product and business offerings, recent developments undertaken by them, and key market strategies adopted by them.

Reasons to Buy this Report

This report is expected to help market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall Electric Aircraft Market and its segments. This study is also expected to provide region wise information about the end use, and wherein electric aircraft are used. This report aims at helping the stakeholders understand the competitive landscape of the market, gain insights to improve the position of their businesses and plan suitable go-to-market strategies. This report is also expected to help them understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities influencing the growth of the market
1INTRODUCTION25
1.1OBJECTIVES OF THE STUDY25
1.2MARKET DEFINITION25
1.3MARKET SCOPE26
1.3.1MARKETS COVERED26
FIGURE 1ELECTRIC AIRCRAFT MARKET SEGMENTATION26
1.3.2YEARS CONSIDERED FOR THE STUDY26
1.4INCLUSIONS AND EXCLUSIONS27
TABLE 1INCLUSIONS AND EXCLUSIONS IN THE ELECTRIC AIRCRAFT MARKET27
1.5CURRENCY & PRICING27
1.6LIMITATIONS27
1.7MARKET STAKEHOLDERS28
1.8SUMMARY OF CHANGES28
FIGURE 2ELECTRIC AIRCRAFT MARKET TO GROW AT A HIGHER RATE COMPARED TO PREVIOUS ESTIMATES28
2RESEARCH METHODOLOGY30
2.1RESEARCH DATA30
FIGURE 3REPORT PROCESS FLOW30
FIGURE 4RESEARCH DESIGN31
2.1.1SECONDARY DATA31
2.1.2PRIMARY DATA32
2.1.2.1Key primary insights32
2.1.2.2Key primary sources32
2.2MARKET SIZE ESTIMATION33
2.2.1SEGMENTS AND SUBSEGMENTS33
2.3RESEARCH APPROACH & METHODOLOGY34
2.3.1BOTTOM-UP APPROACH (DEMAND SIDE)34
2.3.2ELECTRIC AIRCRAFT MARKET34
FIGURE 5MARKET SIZE CALCULATION34
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (DEMAND SIDE)35
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY SIDE)35
2.3.3TOP-DOWN APPROACH35
FIGURE 8MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH35
2.4TRIANGULATION & VALIDATION36
FIGURE 9DATA TRIANGULATION36
2.4.1TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH37
2.5GROWTH RATE FACTORS37
2.6ASSUMPTIONS FOR THE RESEARCH STUDY37
2.7RISKS37
3EXECUTIVE SUMMARY38
FIGURE 10BATTERIES SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF ELECTRIC AIRCRAFT MARKET IN 202138
FIGURE 11ELECTRIC AIRCRAFT MARKET, BY TYPE, 202139
FIGURE 12MILITARY SEGMENT ESTIMATED TO ACCOUNT FOR A LARGER SHARE OF ELECTRIC AIRCRAFT MARKET IN 202139
FIGURE 13ELECTRIC AIRCRAFT MARKET IN NORTH AMERICA EXPECTED TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD40
4PREMIUM INSIGHTS41
4.1ATTRACTIVE GROWTH OPPORTUNITIES IN THE ELECTRIC AIRCRAFT MARKET41
FIGURE 14THE GROWING NEED FOR CLEANER AND QUIETER AIRCRAFT IS EXPECTED TO DRIVE THE MARKET FROM 2O21 TO 203041
4.2ELECTRIC AIRCRAFT MARKET, BY PLATFORM41
FIGURE 15LIGHT & ULTRALIGHT AIRCRAFT PROJECTED TO LEAD THE MARKET FROM 2021 TO 203041
4.3ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY42
FIGURE 16VTOL SEGMENT PROJECTED TO LEAD THE MARKET FROM 2021 TO 203042
4.4ELECTRIC AIRCRAFT MARKET, BY COUNTRY42
FIGURE 17ELECTRIC UAVS SEGMENT OF ELECTRIC AIRCARFT MARKET IN CANADA PROJECTED TO GROW AT HIGHEST CAGR FROM 2021 TO 203042
5MARKET OVERVIEW43
5.1INTRODUCTION43
5.2MARKET DYNAMICS43
5.2.1DRIVERS43
5.2.1.1Growing need for cleaner and quieter aircraft43
5.2.1.2Advances in batteries, electric motors, and power electronics44
5.2.1.3Rise in demand for unmanned aerial vehicles44
5.2.2RESTRAINTS45
5.2.2.1Increased aircraft weight due to heavy batteries45
5.2.2.2High voltage and thermal issues45
5.2.3OPPORTUNITIES45
5.2.3.1Emergence of advanced air mobility45
5.2.3.2Use of all-electric aircraft for logistics46
5.2.4CHALLENGES46
5.2.4.1Development of batteries having higher energy densities46
5.2.4.2Battery recharging infrastructure at airports46
5.2.4.3Designing all-electric manned aircraft47
5.2.4.4Ensuring airworthiness of electric aircraft47
5.3RANGE AND SCENARIOS48
5.4COVID-19 IMPACT ANALYSIS49
5.5PORTER’S FIVE FORCES ANALYSIS49
TABLE 2PORTER’S FIVE FORCES ANALYSIS49
FIGURE 18PORTER’S FIVE FORCES ANALYSIS50
5.5.1THREAT OF NEW ENTRANTS50
5.5.2THREAT OF SUBSTITUTES50
5.5.3BARGAINING POWER OF SUPPLIERS51
5.5.4BARGAINING POWER OF BUYERS51
5.5.5COMPETITION IN THE INDUSTRY51
5.6VALUE CHAIN ANALYSIS52
5.6.1RAW MATERIALS52
5.6.2R&D52
5.6.3COMPONENT MANUFACTURING53
5.6.4OEMS53
5.6.5END USERS53
5.6.6AFTER-SALES SERVICES53
5.7MARKET ECOSYSTEM MAP53
5.7.1PROMINENT COMPANIES54
5.7.2PRIVATE AND SMALL ENTERPRISES54
5.7.3END USERS54
5.8TRENDS AND DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS55
5.9TRADE DATA ANALYSIS55
TABLE 3TRADE DATA TABLE FOR ELECTRIC AIRCRAFT MARKET55
5.10TECHNOLOGY ANALYSIS56
5.10.1LITHIUM-SULFUR BATTERIES56
5.10.2HYDROGEN FUEL CELLS57
5.11TARIFF AND REGULATORY LANDSCAPE57
5.11.1THE EUROPEAN AVIATION SAFETY AGENCY FRAMEWORK FOR VTOL AIRCRAFT57
5.11.2FEDERAL AVIATION ADMINISTRATION RULES FOR UNMANNED AIRCRAFT SYSTEM57
5.11.3FEDERAL AVIATION ADMINISTRATION (FAA) GUIDELINES FOR ELECTRIC MOTORS IN AIRCRAFT57
5.12AVERAGE SELLING PRICE58
TABLE 4AVERAGE SELLING PRICE: ELECTRIC AIRCRAFT, BY TYPE (USD MILLION)58
5.13VOLUME DATA58
TABLE 5ELECTRIC AIRCRAFT MARKET SIZE, BY TYPE (UNITS)58
TABLE 6ELECTRIC AIRCRAFT MARKET SIZE, BY TYPE (UNITS)59

6INDUSTRY TRENDS60
6.1INTRODUCTION60
6.1.1URBAN AIR MOBILITY61
6.1.2ENERGY HARVESTING61
6.1.3HIGH POWER BATTERIES AND MOTORS61
6.2CASE STUDY ANALYSIS62
6.2.1JOBY AEROSPACE COMPLETES ALL-ELECTRIC FLIGHT WITH ELECTRIC VERTICAL TAKE-OFF AIR TAXI62
6.2.2EVIATION OFFERS ALICE, A 9-PASSENGER ELECTRIC PROPELLER-POWERED AIRPLANE62
6.2.3EXTRA AIRCRAFT'S EXTRA 330LE ELECTRIC PLANE POWERED BY SIEMENS ELECTRIC DRIVE SYSTEM62
6.2.4ROLLS ROYCE’S FIRST ALL ELECTRIC AIRCRAFT COMPLETES MAIDEN FLIGHT62
6.3INNOVATION & PATENT ANALYSIS63
6.4IMPACT OF MEGATREND64
7ELECTRIC AIRCRAFT MARKET, BY PLATFORM65
7.1INTRODUCTION66
FIGURE 19THE LIGHT & ULTRALIGHT SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD66
TABLE 7ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2017–2020 (USD MILLION)66
TABLE 8ELECTRIC AIRCRAFT MARKET, BY PLATFORM, 2021–2030 (USD MILLION)66
7.2REGIONAL TRANSPORT AIRCRAFT67
7.2.1THE INCREASING NEED FOR COST-EFFECTIVE SHORT-HAUL AIRLINERS IS EXPECTED TO FUEL THE GROWTH OF THIS SEGMENT67
7.3BUSINESS JETS67
7.3.1INCREASED CORPORATE ACTIVITIES AND THE NEED FOR AIRCRAFT WITH LOW CARBON FOOTPRINTS GLOBALLY TO DRIVE THE DEMAND FOR THESE JETS67
7.4LIGHT &ULTRALIGHT AIRCRAFT67
TABLE 9LIGHT & ULTRLIGHT AIRCRAFT MARKET, BY TYPE, 2017–2020 (USD MILLION)67
TABLE 10LIGHT & ULTRLIGHT ELECTRIC AIRCRAFT MARKET, BY TYPE, 2021–2030 (USD MILLION)68
7.4.1GENERAL AIRCRAFT68
7.4.1.1Developments in the electric propulsion of general aircraft are expected to drive this segment68
7.4.2TRAINER AIRCRAFT68
7.4.2.1Short takeoff and landing capability is driving the trainer aircraft segment68
7.4.3UAVS68
7.4.3.1Low noise footprint of electric UAVs fuel their adoption in civil and military applications68
7.4.4ADVANCED AIR MOBILITY69
7.4.4.1Electrical eVTOLs are used majorly in AAM applications69

8ELECTRIC AIRCRAFT MARKET, BY TYPE70
8.1INTRODUCTION71
FIGURE 20THE HYBRID WING SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD71
TABLE 11ELECTRIC AIRCRAFT MARKET, BY TYPE, 2017–2020 (USD MILLION)71
TABLE 12ELECTRIC AIRCRAFT MARKET, BY TYPE, 2021–2030 (USD MILLION)71
8.2FIXED WING72
8.2.1FIXED WING ELECTRIC AIRCRAFT ARE WITNESSING ADOPTION FOR COMMERCIAL PASSENGER TRANSPORTATION72
8.3ROTARY WING72
8.3.1ROTARY WING ELECTRIC AIRCRAFT ARE ADOPTED FOR URBAN AIR MOBILITY72
8.4HYBRID WING72
8.4.1MISSION COMPLEXITY AND CONGESTED AIR TRAFFIC ARE FUELING THE GROWTH OF HYBRID WING AIRCRAFT72
9ELECTRIC AIRCRAFT MARKET, BY SYSTEM73
9.1INTRODUCTION74
FIGURE 21THE BATTERIES SEGMENT IS PROJECTED TO LEAD THE ELECTRIC AIRCRAFT MARKET DURING THE FORECAST PERIOD74
TABLE 13ELECTRIC AIRCRAFT MARKET, BY SYSTEM, 2017–2020 (USD MILLION)74
TABLE 14ELECTRIC AIRCRAFT MARKET, BY SYSTEM, 2021–2030 (USD MILLION)75
9.2BATTERIES75
9.2.1ADVANCEMENTS IN BATTERY POWER DENSITY WOULD BE THE DRIVING FACTOR FOR THIS SEGMENT75
9.3ELECTRIC MOTORS75
9.3.1ELECTRIC MOTORS PROVIDE BETTER POWER TO WEIGHT RATIO OF AIRCRAFT75
9.4AEROSTRUCTURES76
9.4.1ADVANCED AEROSTRUCTURES HELP ENHANCE AIRCRAFT PERFORMANCE, CONSERVE ENERGY, AND LOWER COSTS76
9.5AVIONICS76
9.5.1URBAN AIR MOBILITY AIRCRAFT ENCOURAGING ADVANCEMENTS IN AVIONICS SYSTEMS76
9.6SOFTWARE76
9.6.1ADVANCED SOFTWARE SYSTEMS ARE REQUIRED TO RUN COMPLICATED SYSTEMS OF URBAN AIR MOBILITY AIRCRAFT76
9.7OTHERS77
10ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY78
10.1INTRODUCTION79
FIGURE 22VTOL SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD79
TABLE 15ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY, 2017–2020 (USD MILLION)79
TABLE 16ELECTRIC AIRCRAFT MARKET, BY TECHNOLOGY, 2021–2030 (USD MILLION)79
10.2CTOL80
10.2.1INCREASING DEVELOPMENTS IN BUSINESS JET AND REGIONAL TRANSPORT AIRCRAFT WILL DRIVE THIS SEGMENT80
10.3STOL80
10.3.1INCREASING DEVELOPMENTS IN HYBRID WING AIRCRAFT IS EXPECTED TO FUEL THE GROWTH OF THE STOL SEGMENT80
10.4VTOL80
10.4.1LARGE DEPLOYMENT OF VTOL AIRCARFT FOR AIR TAXI AND EMS SERVICES WILL DRIVE THIS SEGMENT80
11ELECTRIC AIRCRAFT MARKET, BY APPLICATION81
11.1INTRODUCTION82
FIGURE 23THE CIVIL SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD82
TABLE 17ELECTRIC AIRCRAFT MARKET, BY APPLICATION, 2017–2020 (USD MILLION)82
TABLE 18ELECTRIC AIRCRAFT MARKET, BY APPLICATION, 2021–2030 (USD MILLION)82
11.2CIVIL83
11.2.1INCREASING DEVELOPMENTS IN URBAN MOBILITY APPLICATIONS WILL DRIVE THIS SEGMENT83
11.3MILITARY83
11.3.1THE NEED FOR LOW NOISE ISR MISSIONS WILL BOOST THE MILITARY SEGMENT83
12REGIONAL ANALYSIS84
12.1INTRODUCTION85
FIGURE 24ELECTRIC AIRCRAFT MARKET: REGIONAL SNAPSHOT85
12.2IMPACT OF COVID-19 ON THE ELECTRIC AIRCRAFT MARKET85
TABLE 19ELECTRIC AIRCRAFT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)86
TABLE 20ELECTRIC AIRCRAFT MARKET SIZE, BY REGION, 2021–2030 (USD MILLION)86
12.3NORTH AMERICA87
FIGURE 25NORTH AMERICA ELECTRIC AIRCRAFT MARKET SNAPSHOT87
12.3.1PESTLE ANALYSIS: NORTH AMERICA88
TABLE 21NORTH AMERICA: ELECTRIC UAV MARKET, BY COUNTRY,
2017–2020 (USD MILLION)89
TABLE 22NORTH AMERICA: ELECTRIC UAV MARKET, BY COUNTRY,
2021–2030 (USD MILLION)89
TABLE 23NORTH AMERICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2017–2020 (USD MILLION)89
TABLE 24NORTH AMERICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2021–2030 (USD MILLION)90
TABLE 25NORTH AMERICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2017–2020 (USD MILLION)90
TABLE 26NORTH AMERICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2021–2030 (USD MILLION)90
12.3.2US91
12.3.2.1Presence of leading OEMs expected to drive the market91
TABLE 27US: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)91
TABLE 28US: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)91
12.3.3CANADA91
12.3.3.1Aircraft modernization programs expected to drive the market91
TABLE 29CANADA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)92
TABLE 30CANADA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)92
12.4ASIA PACIFIC92
FIGURE 26ASIA PACIFIC ELECTRIC AIRCRAFT MARKET SNAPSHOT93
12.4.1PESTLE ANALYSIS: ASIA PACIFIC93
TABLE 31ASIA PACIFIC: ELECTRIC UAV MARKET, BY COUNTRY,
2017–2020 (USD MILLION)94
TABLE 32ASIA PACIFIC: ELECTRIC UAV MARKET, BY COUNTRY,
2021–2030 (USD MILLION)94
TABLE 33ASIA PACIFIC: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2017–2020 (USD MILLION)95
TABLE 34ASIA PACIFIC: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2021–2030 (USD MILLION)95
TABLE 35ASIA PACIFIC: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2017–2020 (USD MILLION)95
TABLE 36ASIA PACIFIC: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2021–2030 (USD MILLION)96
12.4.2CHINA96
12.4.2.1Increasing demand for ecofriendly commercial aircraft to drive the market96
TABLE 37CHINA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)96
TABLE 38CHINA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)96
12.4.3INDIA97
12.4.3.1Increased spending for the modernization of armed forces is expected to drive the market97
TABLE 39INDIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)97
TABLE 40INDIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)97
12.4.4JAPAN97
12.4.4.1Increasing in-house development of aircraft to drive the market97
TABLE 41JAPAN: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)98
TABLE 42JAPAN: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)98
12.4.5AUSTRALIA98
12.4.5.1Increase in usage of military and commercial drones to drive the market98
TABLE 43AUSTRALIA: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION)98
TABLE 44AUSTRALIA: ELECTRIC UAVS MARKET, BY SUBTYPE,
2021–2030 (USD MILLION)99
12.4.6SOUTH KOREA99
12.4.6.1Modernization programs in the aviation industry expected to drive the market99
TABLE 45SOUTH KOREA: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION)99
TABLE 46SOUTH KOREA: ELECTRIC UAVS MARKET, BY SUBTYPE,
2021–2030 (USD MILLION)99
12.4.7REST OF ASIA PACIFIC100
12.4.7.1Increasing investment in UAM projects as well as military spending100
TABLE 47REST OF APAC: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION)100
TABLE 48REST OF APAC: ELECTRIC UAVS MARKET, BY SUBTYPE,
2021–2030 (USD MILLION)100
12.5EUROPE101
FIGURE 27EUROPE ELECTRIC AIRCRAFT MARKET SNAPSHOT101
12.5.1PESTLE ANALYSIS: EUROPE102
TABLE 49EUROPE: ELECTRIC UAV MARKET, BY COUNTRY, 2017–2020 (USD MILLION)103
TABLE 50EUROPE: ELECTRIC UAV MARKET, BY COUNTRY, 2021–2030 (USD MILLION)103
TABLE 51EUROPE: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2017–2020 (USD MILLION)104
TABLE 52EUROPE: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2021–2030 (USD MILLION)104
TABLE 53EUROPE: ELECTRIC AIRCRAFT MARKET, BY TYPE, 2017–2020 (USD MILLION)104
TABLE 54EUROPE: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2021–203O (USD MILLION)104
12.5.2UK105
12.5.2.1Technological advancements in air travel to drive the market105
TABLE 55UK: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)105
TABLE 56UK: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)105
12.5.3FRANCE105
12.5.3.1Significant investments in aerospace to drive the market105
TABLE 57FRANCE: ELECTRIC UAVS MARKET, BY TYPE, 2017–2020 (USD MILLION)106
TABLE 58FRANCE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)106
12.5.4GERMANY106
12.5.4.1Rising investments in air travel and connectivity to drive the market106
TABLE 59GERMANY: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION)106
TABLE 60GERMANY: ELECTRIC UAVS MARKET, BY SUBTYPE,
2021–2030 (USD MILLION)107
12.5.5ITALY107
12.5.5.1Projects related to energy-efficient air freight and passenger transportation will boost the regional market107
TABLE 61ITALY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)107
TABLE 62ITALY: ELECTRIC UAVS MARKET, SUBTYPE, 2021–2030 (USD MILLION)107
12.5.6RUSSIA108
12.5.6.1Increase in the military budget to manufacture advanced aircraft expected to drive the market108
TABLE 63RUSSIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)108
TABLE 64RUSSIA: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)108
12.5.7REST OF EUROPE108
TABLE 65REST OF EUROPE: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION)109
TABLE 66REST OF EUROPE: ELECTRIC UAVS MARKET, BY SUBTYPE,
2021–2030 (USD MILLION)109
12.6MIDDLE EAST109
12.6.1PESTLE ANALYSIS: MIDDLE EAST109
TABLE 67MIDDLE EAST: ELECTRIC UAV MARKET, BY COUNTRY,
2017–2020 (USD MILLION)110
TABLE 68MIDDLE EAST: ELECTRIC UAV MARKET, BY COUNTRY,
2021–2030 (USD MILLION)111
TABLE 69MIDDLE EAST: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2017–2020 (USD MILLION)111
TABLE 70MIDDLE EAST: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2021–2030 (USD MILLION)111
TABLE 71MIDDLE EAST: ELECTRIC AIRCRAFT MARKET, BY TYPE,
2017–2020 (USD MILLION)111
TABLE 72MIDDLE EAST: LIGHT & ULTRALIGHT AIRCRAFT MARKET, TYPE,
2021–2030 (USD MILLION)112
12.6.2ISRAEL112
12.6.2.1Increased spending on R&D for UAVs for military and commercial applications to drive the market112
TABLE 73ISRAEL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)112
TABLE 74ISRAEL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)113
12.6.3UAE113
12.6.3.1An increase in commercial electric air taxi initiatives will drive this region113
TABLE 75UAE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)113
TABLE 76UAE: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)113
12.6.4SAUDI ARABIA114
12.6.4.1High military expenditure expected to drive the market114
TABLE 77SAUDI ARABIA: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION)114
TABLE 78SAUDI ARABIA: ELECTRIC AIRCRAFT MARKET, LIGHT & ULTRALIGHT AIRCRAFT, BY UAVS, 2021–2030 (USD MILLION)114
12.6.5TURKEY114
12.6.5.1Increasing military spending expected to drive the market114
TABLE 79TURKEY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)115
TABLE 80TURKEY: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)115
12.6.6REST OF MIDDLE EAST115
12.6.6.1Increasing spending in military UAVs to drive the market115
TABLE 81REST OF MIDDLE EAST: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION)115
TABLE 82REST OF MIDDLE EAST: ELECTRIC UAVS MARKET, SUBTYPE,
2021–2030 (USD MILLION)116

12.7LATIN AMERICA116
12.7.1PESTLE ANALYSIS: LATIN AMERICA116
TABLE 83LATIN AMERICA: ELECTRIC UAVS MARKET, BY COUNTRY,
2017–2020 (USD MILLION)117
TABLE 84LATIN AMERICA: ELECTRIC UAVS MARKET, BY COUNTRY,
2021–2030 (USD MILLION)117
TABLE 85LATIN AMERICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2017–2020 (USD MILLION)117
TABLE 86LATIN AMERICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2021–2030 (USD MILLION)118
TABLE 87LATIN AMERICA: ELECTRIC AIRCRAFT MARKET, BY TYPE,
2017–2020 (USD MILLION)118
TABLE 88LATIN AMERICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2021–2030 (USD MILLION)118
12.7.2BRAZIL119
12.7.2.1Brail to witness air taxi services by Airbus for intercity and intracity travel to reduce travel time119
TABLE 89BRAZIL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)119
TABLE 90BRAZIL: ELECTRIC UAVS MARKET, BY SUBTYPE, 2021–2030 (USD MILLION)119
12.7.3MEXICO119
12.7.3.1Presence of renowned OEMs lay the foundation for more efficient and sustainable city travel119
TABLE 91MEXICO: ELECTRIC UAVS MARKET, BY SUBTYPE, 2017–2020 (USD MILLION)120
TABLE 92MEXICO: ELECTRIC UAVS MARKET, SUBTYPE, 2021–2030 (USD MILLION)120
12.7.4REST OF LATIN AMERICA120
TABLE 93REST OF LATIN AMERICA: ELECTRIC UAVS MARKET, BY SUBTYPE,
2017–2020 (USD MILLION)120
TABLE 94REST OF LATIN AMERICA: ELECTRIC UAVS MARKET,
2021–2030 (USD MILLION)120
12.8AFRICA121
TABLE 95AFRICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2017–2020 (USD MILLION)121
TABLE 96AFRICA: ELECTRIC AIRCRAFT MARKET, BY PLATFORM,
2021–2026 (USD MILLION)121
TABLE 97AFRICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2017–2020 (USD MILLION)121
TABLE 98AFRICA: LIGHT & ULTRALIGHT AIRCRAFT MARKET, BY TYPE,
2021–2030 (USD MILLION)122
13COMPETITIVE LANDSCAPE123
13.1INTRODUCTION123
13.2MARKET SHARE ANALYSIS, 2020123
TABLE 99DEGREE OF COMPETITION123
FIGURE 28MARKET SHARE OF TOP PLAYERS IN THE ELECTRIC AIRCRAFT MARKET,
2019 (%)124
13.3REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS125
13.4COMPANY EVALUATION QUADRANT125
13.4.1STAR125
13.4.2EMERGING LEADER125
13.4.3PERVASIVE125
13.4.4PARTICIPANT125
FIGURE 29ELECTRIC AIRCRAFT MARKET COMPETITIVE LEADERSHIP MAPPING, 2020126
13.5STARTUPS/SME EVALUATION QUADRANT127
13.5.1PROGRESSIVE COMPANIES127
13.5.2RESPONSIVE COMPANIES127
13.5.3DYNAMIC COMPANIES127
13.5.4STARTING BLOCKS127
FIGURE 30AIRCRAFT ELECTRIC MARKET STARTUPS/SME COMPETITIVE LEADERSHIP MAPPING, 2020128
TABLE 100COMPANY PRODUCT FOOTPRINT129
TABLE 101COMPANY APPLICATION FOOTPRINT130
TABLE 102COMPANY RANGE FOOTPRINT131
TABLE 103COMPANY SUB-SYSTEM FOOTPRINT132
TABLE 104COMPANY REGION FOOTPRINT133
13.6COMPETITIVE SCENARIO134
13.6.1DEALS134
TABLE 105DEALS, 2017–2021134
13.6.2PRODUCT LAUNCHES141
TABLE 106PRODUCT LAUNCHES, 2017–2021141
13.6.3OTHERS141
TABLE 107OTHERS, 2017–2021141
14COMPANY PROFILES143
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
14.1KEY PLAYERS143
14.1.1AIRBUS SE143
TABLE 108AIRBUS SE: BUSINESS OVERVIEW143
FIGURE 31AIRBUS SE.: COMPANY SNAPSHOT144
TABLE 109AIRBUS SE.: DEALS145
14.1.2ELBIT SYSTEMS LTD.147
TABLE 110ELBIT SYSTEMS LTD.: BUSINESS OVERVIEW147
FIGURE 32ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT148
TABLE 111ELBIT SYSTEMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED148
TABLE 112ELBIT SYSTEMS LTD.: NEW PRODUCT DEVELOPMENTS149
TABLE 113ELBIT SYSTEMS LTD.: DEALS150
14.1.3AEROVIRONMENT, INC.152
TABLE 114AEROVIRONMENT, INC.: BUSINESS OVERVIEW152
FIGURE 33AEROVIRONMENT, INC.: COMPANY SNAPSHOT152
TABLE 115AEROVIRONMENT, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED153
TABLE 116AEROVIRONMENT, INC.: DEALS153
14.1.4ECA GROUP155
TABLE 117ECA GROUP: BUSINESS OVERVIEW155
FIGURE 34ECA GROUP: COMPANY SNAPSHOT155
TABLE 118ECA GROUP.: PRODUCTS/SOLUTIONS/SERVICES OFFERED156
14.1.5EHANG HOLDINGS LTD.157
TABLE 119EHANG HOLDINGS LTD.: BUSINESS OVERVIEW157
FIGURE 35EHANG HOLDINGS LTD.: COMPANY SNAPSHOT157
TABLE 120EHANG HOLDINGS LTD. PRODUCTS/SOLUTIONS/SERVICES OFFERED158
14.1.6ISRAEL AEROSPACE INDUSTRIES160
TABLE 121ISRAEL AEROSPACE INDUSTRIES: BUSINESS OVERVIEW160
FIGURE 36ISRAEL AEROSPACE INDUSTRIES.: COMPANY SNAPSHOT160
TABLE 122ISRAEL AEROSPACE INDUSTRIES PRODUCTS/SOLUTIONS/SERVICES OFFERED161
14.1.7EMBRAER SA162
TABLE 123EMBRAER SA: BUSINESS OVERVIEW162
FIGURE 37EMBRAER SA: COMPANY SNAPSHOT162
TABLE 124EMBRAER SA PRODUCTS/SOLUTIONS/SERVICES OFFERED163
TABLE 125EMBRAER SA: DEALS163
14.1.8PIPISTREL164
TABLE 126PIPISTREL: BUSINESS OVERVIEW164
TABLE 127PIPISTREL PRODUCTS/SOLUTIONS/SERVICES OFFERED164
TABLE 128PIPISTREL: DEALS165
14.1.9EVIATION AIRCRAFT166
TABLE 129EVIATION AIRCRAFT: BUSINESS OVERVIEW166
TABLE 130EVIATION AIRCRAFT PRODUCTS/SOLUTIONS/SERVICES OFFERED166
TABLE 131EVIATION AIRCRAFT: DEALS166
14.1.10LILIUM GMBH168
TABLE 132LILIUM GMBH: BUSINESS OVERVIEW168
TABLE 133LILIUM GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED168
TABLE 134LILIUM GMBH: DEALS169
14.1.11JOBY AVIATION, INC170
TABLE 135JOBY AVIATION, INC: BUSINESS OVERVIEW170
TABLE 136JOBY AVIATION, INC PRODUCTS/SOLUTIONS/SERVICES OFFERED170
TABLE 137JOBY AVIATION, INC: DEALS171
14.1.12ARCHER AVIATION INC.172
TABLE 138ARCHER AVIATION INC.: BUSINESS OVERVIEW172
TABLE 139ARCHER AVIATION INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED172
TABLE 140ARCHER AVIATION INC.: DEALS173
14.1.13VOLOCOPTER GMBH174
TABLE 141VOLOCOPTER GMBH: BUSINESS OVERVIEW174
TABLE 142VOLOCOPTER GMBH PRODUCTS/SOLUTIONS/SERVICES OFFERED174
TABLE 143VOLOCOPTER GMBH.: DEALS175
14.1.14SZ DJI TECHNOLOGY CO., LTD.177
TABLE 144SZ DJI TECHNOLOGY CO., LTD.: BUSINESS OVERVIEW177
TABLE 145SZ DJI TECHNOLOGY CO., LTD. PRODUCTS/SOLUTIONS/SERVICES OFFERED177
14.1.15YUNEEC INTERNATIONAL179
TABLE 146YUNEEC INTERNATIONAL: BUSINESS OVERVIEW179
TABLE 147YUNEEC INTERNATIONAL PRODUCTS/SOLUTIONS/SERVICES OFFERED179
TABLE 148YUNEEC INTERNATIONAL DEALS180
14.1.16AURORA FLIGHT SCIENCES181
TABLE 149AURORA FLIGHT SCIENCES: BUSINESS OVERVIEW181
TABLE 150AURORA FLIGHT SCIENCES: PRODUCTS/SOLUTIONS/SERVICES OFFERED181
TABLE 151AURORA FLIGHT SCIENCES: DEALS182
14.1.17VERTICAL AEROSPACE GROUP LTD.183
TABLE 152VERTICAL AEROSPACE GROUP LTD.: BUSINESS OVERVIEW183
TABLE 153VERTICAL AEROSPACE GROUP LTD. PRODUCTS/SOLUTIONS/SERVICES OFFERED183
TABLE 154VERTICAL AEROSPACE GROUP LTD. DEALS184
14.1.18HEART AEROSPACE185
TABLE 155HEART AEROSPACE: BUSINESS OVERVIEW185
TABLE 156HEART AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED185
TABLE 157HEART AEROSPACE DEALS186
14.2OTHER PLAYERS187
14.2.1WRIGHT ELECTRIC, INC187
14.2.2BYE AEROSPACE187
14.2.3BETA TECHNOLOGIES188
14.2.4DELOREAN AEROSPACE188
14.2.5ELECTRIC AIRCRAFT CORPORATION189
14.2.6EXTRA AIRCRAFT189
14.2.7WISK AERO LLC.190
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
15APPENDIX191
15.1DISCUSSION GUIDE191
15.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL194
15.3AVAILABLE CUSTOMIZATION196
15.4RELATED REPORTS196
15.5AUTHOR DETAILS197

Report Title: Electric Aircraft Market by PLatform (Regional Transport Aircraft, Business Jets, Light & Ultralight Aircraft), Type, System (Batteries, Electric Motors, Aerostructures, Avionics, Software), Technology, Application, and Region - Forecast to 2030


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