DUBLIN--(BUSINESS WIRE)--Aug 20, 2018--The "Global Electric Aircraft Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

The global electric aircraft market is projected to grow at a CAGR of 7.02% during the period 2018-2022.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is use of advanced techniques for aircraft construction. The aircraft manufacturing industry is focusing on the reduction of the overall weight of the aircraft while maintaining or even improving its total load carrying capacity.

According to the report, one driver in the market is growing demand for ultralight electric aircraft. The GA segment is the driving sector for electric aircraft as manufacturers prefer light aircraft for testing purposes. With innovative programs such as Urban Air Taxi utilizing very light jets for urban mobility, the developments in this segment are focused on providing services within a limited range of 50kms.

Further, the report states that one challenge in the market is limitations of existing battery technology. The electric aircraft market is overhyped due to the low conversion rate of the design concepts of aerospace companies into working commercial models. A flight requires a tremendous amount of energy and achieving it is difficult due to the technological limitation of the battery industry.

Market Trends

Use of Advanced Techniques for Aircraft Construction Advent of Electric VTOL Increased Use of Electrical Systems in Modern Aircraft

Key Vendors

Alternair Bye Aerospace Evektor Lilium PC Aero Pipistrel

Key Topics Covered

1. Executive Summary

2. Scope of the Report

3. Research Methodology

4. Market Landscape

5. Market Sizing

6. Five Forces Analysis

7. Market Segmentation by Technology

8. Customer Landscape

9. Regional Landscape

10. Decision Framework

11. Drivers and Challenges

12. Market Trends

13. Vendor Landscape

14. Vendor Analysis

For more information about this report visit https://www.researchandmarkets.com/research/c7b236/the_global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180820005540/en/

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Related Topics:Aircraft

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING AEROSPACE ALTERNATIVE VEHICLES/FUELS AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 08/20/2018 02:35 PM/DISC: 08/20/2018 02:35 PM

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