Dublin, Dec. 02, 2020 (GLOBE NEWSWIRE) -- The "Global Electric and Hybrid Aircraft - Market & Technology Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.
Between 2010 and 2019 a consistent upsurge has been noticed in the electrification of aircraft systems, research on electrical propulsion, and investments in electric or hybrid aircraft designs. Aerospace firms are joining forces to challenge their industry's growing contribution to greenhouse gas emissions, with electric engines seen as one of the answers. In simple terms, "hybrid-electric" denotes two diverse sources of power, and on aircraft, this means being propelled by kerosene and an electric battery.
This report examines, analyzes, and predicts the evolution of electric & hybrid aircraft technologies, markets, and outlays (expenditures) over the next 8 years - 2020-2028 in the aerospace industry. It also examines electric & hybrid aircraft markets geographically, focusing on the top 95% of global markets, in the United States, Europe, and Asia. In this report, they analyze the market size of the Global Electric & Hybrid Aircraft market for the period 2020 - 2028. The report primarily focuses on the key markets - Americas, Europe, Asia, Middle East and Africa. As of now, the United States remains the largest market for electric & hybrid aircraft followed by China and the European Union. Throughout the report, they show how electric & hybrid aircraft are used today to add real value. To provide the most thorough and realistic forecast, this report provides a twin-scenario analysis, including "steady state", and the emergence of new electric & hybrid aircraft technology. Companies are now unveiling new design plans for a biofuel-powered hybrid plane for passenger and cargo transport. This is because biofuel-powered aircraft will reduce the cost it takes to operate aircraft, including fuel and asset costs.
In any given country, the armed forces are among the biggest consumers of fuel and other resources, and so have the greatest opportunity to readily reduce consumption by a significant amount. For instance, the US Air Force is now using a 50/50 blend of regular jet fuel and camelina-based biofuel to power the F/A-18 Super Hornet multirole fighter jet, dubbed the "Green Hornet". This proves that while every single aircraft is not a Hybrid Aircraft there is potential to use biofuels to power existing aircraft.
In particular, this report provides an in-depth analysis of the following:
- Overview: Snapshot of the various electric & hybrid aircraft tech in the civilian and defense market during 2020-2028, including highlights of the demand drivers, trends and challenges. It also provides a snapshot of the spending with respect to regions as well as segments. It also sheds light on the emergence of new technologies
- Market Dynamics: Insights into the technological developments in this market and a detailed analysis of the changing preferences of governments around the world. It also analyzes changing industry structure trends and the challenges faced by the industry participants.
- Segment Analysis: Insights into the various Systems market from a segmental perspective and a detailed analysis of factors influencing the market for each segment.
- Regional Review: Insights into modernization patterns and budgetary allocation for top countries within a region.
- Regional Analysis: Insights into the Systems market from a regional perspective and a detailed analysis of factors influencing the market for each region.
- Trend Analysis: Key electric & hybrid aircraft system markets: Analysis of the key markets in each region, providing an analysis of the various Systems segments expected to be in demand in each region.
- Key Program Analysis: Details of the top programs in each segment expected to be executed during the forecast period.
- Competitive landscape Analysis: Analysis of competitive landscape of this industry. It provides an overview of key companies, together with insights such as key alliances, strategic initiatives and a brief financial analysis.
Companies Mentioned
- Airbus Defence and Space
- Airspace Experience Technologies
- Alisport Srl
- BAE Systems
- Boeing Co.
- Bye Aerospace
- DeLorean Aerospace
- DigiSky
- Electravia - Helices E Props
- Embraer S.A.
- Israel Aerospace Industries (IAI)
- Joby Aviation
- Leonardo
- Lilium
- Lockheed Martin
- Northrop Grumman Corp.
- Saab
- Safran
- THALES
- Volta Volare
For more information about this report visit https://www.researchandmarkets.com/r/tgtnnk
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