Hybrid Electric Jet Market

The market for aircraft using a mix of electric and traditional jet propulsion systems is referred to as the hybrid electric jet market. While still having the range and speed needed for commercial air travel, these hybrid electric jets are made to be more fuel-efficient, environmentally friendly, and quieter than conventional jet aircraft.

Market Dynamics:

Global aviation in 2021 generated about 720 million tons of carbon dioxide, according to the International Energy Agency (IEA). More than 2% of the CO2 emissions caused by humans worldwide are produced by the aviation industry. The Market being driven by advances in battery technology, electric motor technology, and other key technologies that are required to make hybrid electric aircraft viable. These are just a few of the key market dynamics that are shaping the hybrid electric jet market. The hybrid electric jet market is also being driven by government regulations and incentives as policymakers worldwide work to cut emissions and promote sustainability. The demand for hybrid electric aircraft is also being driven by rising worries about climate change and the environmental effects of air travel. These planes will likely use less fuel and emit fewer pollutants than current models, making air travel with them more environmentally friendly. Despite being predicted to be more fuel-efficient than conventional aircraft, hybrid electric aircraft may cost more to produce and run. Cost factors are therefore a crucial market factor that will affect the uptake of hybrid electric aircrafts. As more businesses and startups work to create hybrid electric aircraft designs, the hybrid electric jet market is becoming more competitive. Hybrid electric aircraft development and production costs are being driven down by this competition, which also encourages innovation.

Key features of the study:

• This report provides in-depth analysis of the Global Hybrid Electric Jet Market and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends,  regional outlook, and competitive strategies adopted by key players
• It profiles key players in the Global Hybrid Electric Jet Market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
• Key companies covered as a part of this study include Pipistrel Group, Airbus, Bye Aerospace, Aerospace Limited, Yuneec Holding Limited, Leonardo S.p.A., Faradair Aerospace Limited, Boeing, Digisky S.R.L., Groupe Gorge, Eve Air Mobility, Joby Aviation, Vertical Aerospace, and Lilium N.V., others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The Global Hybrid Electric Jet Market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Global Hybrid Electric Jet Market

Detailed Segmentation:

• Global Hybrid Electric Jet Market, By Type
  • Ultralight Aircraft
  • Light Jets
• Global Hybrid Electric Jet Market, By Type, By End User
  • Military
  • Commercial
• Global Hybrid Electric Jet Market, By Type, By Geography
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
• Company Profiles:
  • Pipistrel Group
  • Airbus
  • Bye Aerospace
  • Aerospace Limited
  • Yuneec Holding Limited
  • Leonardo S.p.A.
  • Faradair Aerospace Limited
  • Boeing, Digisky S.R.L
  • Groupe Gorge
  • Eve Air Mobility
  • Joby Aviation
  • Vertical Aerospace
  • Lilium N.V.