Hybrid Electric Jet Market, By Electric Motor Type (Batteries, Solar Cells, Gas-powered, Ultra Capacitors, and Power Cables), By End User (Industrial and Commercial), and By Region - Global Industry Insights, and Forecast till 2026
- Report code : CMI181510 |
- Industry :
Aerospace and Defense
- Published On : Apr 2018 |
- Pages : 155 Pages |
- Format :
Hybrid Electric Jet Market – Insights
The hybrid electric jets are the aircrafts powered with the electric motors. The electricity is supplied through several methods such as batteries, solar cells, ultra capacitors, fuel cells, and power beaming. Electrified hybrid aircrafts are cleaner as compared to conventional models. The aviation industry is focused in reducing the fuel use and carbon emissions by manufacturing lightweight plane, efficient engines, and airlines using the biofuel blends for better traffic flow management. For instance, according to Coherent Market Insights analysis, the aviation produces around 2% of the world’s carbon emissions. Therefore, to reduce the emissions, many of the companies’ such as Zunum Aero, JetBlue Technology are planning for the low-carbon flying future.
Hybrid Electric Jet Market Key Driving Factor
Decrease in the green gas emissions is the major factor driving growth of the global hybrid electric jet market
Decreasing the green gas emissions such as carbon dioxide, methane, nitrous oxide and among others is the major factor driving growth of the global hybrid electric jet market. The jets using conventional motors results in green gas emissions, which is the major environmental concerns. For instance, according to the Europe Aviation Safety Agency (ESEA), utilization of electric engines in the jet is expected to reduce 75% of Carbon Dioxide (CO2) and 90% of Nitrous Oxide (NOx) along with reduction in the noise levels to 65% by 2050. Furthermore, according to the Flightpath 2050 plan, the European Commission aims to reduce carbon dioxide emissions by 60%, nitrogen oxide pollution by 90%, and noise reduction of 75%. Moreover, apart from the environmental benefits, a hybrid electric jets could benefit in saving the carriers money on the fuel costs. Also, it reduces the noise pollution, as they are quieter and also enables the carriers to fly more at night especially in airports close to city centers, which in turn is positively influencing growth of the market.
Hybrid Electric Jet Market Restraint
Major factor restraining growth of the market is increasing cost of operations such as cost of the lithium-ion battery packs in the electric engines.
Figure: Global Hybrid Electric Jet Market Value (US$ Million), by Region, 2026
Source: Coherent Market Insights Analysis, 2018
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 EasyJet. Europe is projected to retain its dominance in market over the forecast period, owing to increasing number of manufactures, collaboration, and partnerships. For instance, in November 2017, the European manufacturers Airbus SE, Rolls Royce, and Siemens AG collaborated to build a hybrid electric plane called E-FAN X, which will be based on the modified 100-seat British Aerospace 146 (BAe146) regional aircraft. This modification includes replacement of the conventional motor with the two megawatt electric motor. Moreover, the Airbus will be responsible for integrating the engines with flight controls, Rolls Royce will improve the turbo-shaft engine with the two megawatt generator, and power electronics. Moreover, the generator and power electronic systems will be integrated to reduce the weight of the aircraft. Siemens will be responsible for delivering the power distribution network. The turbine powering the generator will operate on the jet fuel, which will provide the power for electric engine. Moreover, any excess power from the generator will be stored in banks of batteries with the stored energy to be used during take-off and landing. Furthermore, in September 2017, EasyJet, a major European carrier, started working with U.S. startup Wright Electric to build an all-electric airliner within a decade.
Key companies
The major players operating in the hybrid electric jet market include Zunum Aero, Boeing HorizonX, Uber Technologies Inc, JetBlue Technology, Siemens AG, Airbus SE, Rolls Royce, Lilium, EasyJet Ltd., and Wright Electric.
The hybrid-electric jet is an aircraft that configures the electric motors and an electric engines. Both electric motor and internal combustion engine add the value in the hybrid-electric jet systems by saving the fuel and also help in decreasing the take-off noise and the carbon dioxide emission levels. Another benefits associated with hybrid electric jet is that it provides the flexibility during configuration and operation. For instance, the electric propulsion can be used continuously throughout flight or for specific sections of the flight plan where the demand for power consumption is high. Furthermore, there is the another feature that help in increasing the performance of the aircraft by integrating the energy storage systems along with the gas turbine driven generators, which also help in minimizing the level of redundancy.
Market Dynamics
High-power electronics are expected to emit an immense amount of heat. A hybrid electric jet emits 50 to 800 KW of heat in flight. This huge amount of heat can have substantial impact on the weight of aircraft, along with its performance, which is expected to restrain hybrid electric jet market growth. Furthermore, hybrid electric jets are significantly lower specific energy as compared to the conventional jets propelled by fossil fuel. Moreover, it has lower sensitivity to atmospheric conditions. These factors are expected to limit the growth opportunity of the global hybrid electric jet market over the forecast period.
Key features of the study:
- This report provides in-depth analysis of hybrid electric jet market size (US$ Million), and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2022 – 2026), considering 2022 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
- It profiles leading players in the global hybrid electric jet market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, strategies, and future plans
- Companies covered as part of this study include Zunum Aero, Boeing HorizonX, Uber Technologies Inc, JetBlue Technology, Siemens AG, Airbus SE, Rolls Royce, Lilium, EasyJet Ltd., and Wright Electric.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global hybrid electric jet market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through the various strategy matrices used in analyzing the global hybrid electric jet market
Detailed Segmentation:
- Global Hybrid Electric Jet Market, By Electric Motor Type:
- Batteries
- Solar Cells
- Gas-powered
- Ultra Capacitors
- Power Cables
- Global Hybrid Electric Jet Market, By End-User:
- Industrial
- Commercial
- Global Hybrid Electric Jet Market, By Geography:
- North America
- By Electric Motor Type:
- Batteries
- Solar Cells
- Gas-powered
- Ultra Capacitors
- Power Cables
- By End-User:
- Industrial
- Commercial
- By Country:
- U.S.
- Canada
- Europe
- By Electric Motor Type:
- Batteries
- Solar Cells
- Gas-powered
- Ultra Capacitors
- Power Cables
- By End-User:
- Industrial
- Commercial
- By Country:
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- By Electric Motor Type:
- Batteries
- Solar Cells
- Gas-powered
- Ultra Capacitors
- Power Cables
- By End-User:
- Industrial
- Commercial
- By Country:
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- By Electric Motor Type:
- Batteries
- Solar Cells
- Gas-powered
- Ultra Capacitors
- Power Cables
- By End-User:
- Industrial
- Commercial
- By Country:
- Brazil
- Mexico
- Rest of Latin America
- Middle East
- By Electric Motor Type:
- Batteries
- Solar Cells
- Gas-powered
- Ultra Capacitors
- Power Cables
- By End-User:
- Industrial
- Commercial
- By Country:
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- By Electric Motor Type:
- Batteries
- Solar Cells
- Gas-powered
- Ultra Capacitors
- Power Cables
- By End-User:
- Industrial
- Commercial
- By Country:
- Northern Africa
- Central Africa
- South Africa
- Company Profiles
- Zunum Aero *
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/ Updates
- Boeing HorizonX
- JetBlue Technology
- Siemens AG
- Airbus SE
- Rolls Royce
- Lilium
- EasyJet Ltd.
- Wright Electric
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
- Research Objective and assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Electric Motor Type
- Market Snippet By End-User
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Merger and Acquisitions
- New Product Approvals/Launch
- Global Hybrid Electric Jet Market, By Electric Motor Type, 2022-2026 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Batteries
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Solar Cells
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Gas-powered
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Ultra Capacitors
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Power Cables
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Global Hybrid Electric Jet Market, By End-User, 2022-2026 (USD Million)
- Introduction
- Market Share Analysis, 2016 and 2025 (%)
- Segment Trends
- Industrial
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Commercial
- Introduction
- Market Size and Forecast, 2015 - 2025, (USD Million)
- Global Hybrid Electric Jet Market, By Regions, 2022-2026 (USD Million)
- Introduction
- Market Share Analysis, By Region, 2016 and 2025 (%)
- North America
- By Segment
- Market Size and Forecast, By Electric Motor Type, 2022-2026 (USD Million)
- Market Size and Forecast, By End-User, 2022-2026 (USD Million)
- By Country
- U.S.
- Canada
- By Segment
- Europe
- By Segment
- Market Size and Forecast, By Electric Motor Type, 2022-2026 (USD Million)
- Market Size and Forecast, By End-User, 2022-2026 (USD Million)
- By Country
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Segment
- Asia Pacific
- By Segment
- Market Size and Forecast, By Electric Motor Type, 2022-2026 (USD Million)
- Market Size and Forecast, By End-User, 2022-2026 (USD Million)
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest Of Asia Pacific
- By Segment
- Latin America
- By Segment
- Market Size and Forecast, By Electric Motor Type, 2022-2026 (USD Million)
- Market Size and Forecast, By End-User, 2022-2026 (USD Million)
- By Country
- Brazil
- Mexico
- Rest Of Latin America
- By Segment
- Africa
- By Segment
- Market Size and Forecast, By Electric Motor Type, 2022-2026 (USD Million)
- Market Size and Forecast, By End-User, 2022-2026 (USD Million)
- By Country
- South Africa
- Central Africa
- North Africa
- By Segment
- Middle East
- By Segment
- Market Size and Forecast, By Electric Motor Type, 2022-2026 (USD Million)
- Market Size and Forecast, By End-User, 2022-2026 (USD Million)
- By Country
- GCC
- Israel
- Rest Of Middle East
- By Segment
- Competitive Landscape
- Company Profiles
- Zunum Aero
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Boeing HorizonX
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- JetBlue Technology
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Siemens AG
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Airbus SE
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Rolls Royce
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Lilium
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- EasyJet Ltd.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Wright Electric
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Developments/Updates
- Zunum Aero
- Analyst Views
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
- Available Customizations
*Browse all the market data tables and figures on "Hybrid Electric Jet Market- Global forecast to 2025”.
Research Methodology
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
- National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
- Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
- Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
- Trade association, National and international media and trade press.
- Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
- Scientific journals, and other technical magazines and whitepapers.
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Data Standardization:
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
- Micro-economic indicators
- Macro-economic indicators
- Environmental indicators
- Socio-political indicators
- Technology indicators
Data Processing
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
Data Validation
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
- It provides first-hand information on the market dynamics, outlook, and growth parameters.
- Industry experts validates the estimates which helps the company to cement the on-going research study.
- Primary research includes online surveys, face-to face interviews, and telephonic interviews.
The primary research is conducted with the ecosystem players including, but not limited to:
- Raw Material Suppliers
- Manufacturers
- System Integrators
- Distributors
- End-users
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