Electric Aircraft Industry Analysis and Data Statistics Outlook by 2023

1. According to the new market research report the Electric Aircraft Market is projected to grow from $99.3 Million in 2018 to $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 traditional aircraft are driving the market. The electric aircraft market has been segmented based on aircraft type, component, technology, range, and region. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52646445 Based on range, the less than 500 km segment is projected to electric aircraft during the forecast period lead the market Based on the range, the less than 500 km segment is expected to lead the electric aircraft market during the forecast period. 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. 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.

2. Key Market Players Major companies profiled in the electric aircraft market report are PC Aero (Germany), Pipistrel (Italy), Lilium (Germany), Alisport SRL (Italy), and Schempp- Hirth (Germany). Ask for Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=52646445 About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Aashish Mehra MarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA: 1-888-600-6441