Dublin, Sept. 07, 2023 (GLOBE NEWSWIRE) -- The "Hybrid Electric Jet Market, By Type, By End User, By Region - Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The Hybrid Electric Jet Market is soaring towards an impressive valuation of $33.82 billion by 2030, experiencing a remarkable CAGR of 18.2% from its initial value of $8.9 billion in 2022.
The term hybrid electric jet market pertains to the domain of aircraft that integrate a blend of electric and conventional jet propulsion systems. These innovative hybrid electric jets are designed to offer the required range and speed for commercial air travel while delivering enhanced fuel efficiency, eco-friendliness, and reduced noise compared to traditional jet aircraft.
A critical driving force behind this market's growth is the imperative need for more sustainable aviation solutions. Global aviation, contributing to about 2% of human-caused CO2 emissions, is facing increasing pressure to reduce its carbon footprint. The hybrid electric jet market is riding the wave of technological advancements in battery technology, electric motor technology, and other key components, all of which are instrumental in making hybrid electric aircraft operationally viable.
Key market dynamics include government regulations aimed at emissions reduction and sustainability promotion. Policymakers worldwide are actively seeking solutions to mitigate the environmental impact of air travel. The heightened concerns about climate change and its correlation with air travel emissions are also fostering the demand for hybrid electric aircraft.
Anticipated benefits of reduced fuel consumption and emissions make these aircraft more environmentally friendly than their conventional counterparts. However, the market's landscape is marked by the crucial factor of cost. While hybrid electric aircraft are expected to be more fuel-efficient, their production and operational costs could be higher.
This dynamic market is witnessing increased competition as numerous businesses and startups venture into creating innovative hybrid electric aircraft designs. This competitive environment not only drives down development and production costs but also fosters innovation in the hybrid electric jet market, promising a greener future for aviation.
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
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 155 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $8.9 Billion |
| Forecasted Market Value (USD) by 2030 | $33.82 Billion |
| Compound Annual Growth Rate | 18.2% |
| Regions Covered | Global |
Market Dynamics, Regulations, and Trends Analysis
Drivers
- Decrease in the green gas emissions.
Restraints
- High Costs & Poor Infrastructure
- Battery Constraint for Electric Aircraft
Opportunities
- Increasing Logistics Application
- Emergence of Futuristic Air Mobility
Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
Competitive Landscape
- 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.
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
For more information about this report visit https://www.researchandmarkets.com/r/f2t0zl
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