Electric Aircraft Market 2024-2028: Size and Limitations of existing battery technology; growth driven by the Technology, Some of key Companies Positioned Strategically

The electric aircraft market size by Technology (Hybrid and All electric) and Geography (North America, Europe, APAC, South America, and Middle East and Africa), is forecast to increase by USD 7199.1 million. The market is expected to grow at a CAGR of   14.76% between 2024 and 2028.

• The electric aircraft market is currently facing significant challenges in converting aerospace company designs into commercially viable models. The energy demands of flight are substantial, and the battery industry's technological limitations hinder achieving this goal. Unlike the automotive industry, where affordability and compactness were the primary focuses for electrification, weight is the critical concern in aviation. To design an electric aircraft with commercial payload-range capabilities, a battery must have a minimum energy density of 500Wh/kg. However, most commercial batteries can only deliver 30%-50% of this requirement, posing a significant obstacle to the growth of the electric aircraft market.
• The Electric Aircraft Market is experiencing significant growth due to increasing demand for sustainable aviation solutions. Key players are investing heavily in research and development to bring efficient and cost-effective electric aircraft to market. Technological advancements in battery technology and electric motors are driving innovation, with several companies targeting commercialization by the end of the decade. The market is expected to reach substantial growth in the coming years, offering lucrative opportunities for investors and stakeholders.

Access the full report to know who are the other key countries segment-wise forecast and historic data

Some of the Key Companies:

• Airbus SE
• Bye Aerospace
• DBT Aero Inc.
• Delorean Aerospace LLC
• DIGISKY srl
• E-PROPS
• Equator Aircraft AS
• Evektor spol sro
• Eviation Aircraft
• Gust Inc.
• Joby Aviation Inc.
• Lilium GmbH
• PIPISTREL doo
• Schempp-Hirth Flugzeug-Vertriebs GmbH
• Siemens AG
• The Boeing Co.
• Volta Volare
• Watt Flight
• Wright Electric
• Zunum Aero

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