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

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

hybrid electric jet market

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

  1. Research Objective and assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. 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)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trend
      • Merger and Acquisitions
      • New Product Approvals/Launch
  4. 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)
  5. 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)
  6. 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
    • 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
    • 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
    • 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
    • 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
    • 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
  7. 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
    • Analyst Views
  8. 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

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Data Standardization:

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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
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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:

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