Global Electric Aircraft Market: Key Highlights
Global Electric Aircraft Market: Key Market Dynamics
Global Electric Aircraft Market: Regional Overview
Presence of major player such as Boeing owing to the higher concentration of aircraft manufactures which are engaged in developing more electric aircraft. Moreover, NASA was one of the first to investigate electric aircraft propulsion (EAP), in an effort to reduce emissions and noise pollution. Thus, these factors are contributing towards the growth of electric aircraft market in the region.
According to the European Union, aviation account for about 3% of the EU’s total greenhouse gas emissions and more than 2% of global emissions. Aviation being a fastest-growing source of greenhouse gas emission, European Union is taking actions to reduce the aviation emission. Use of electric aircraft helps to reduce the emission of greenhouse gas such as Carbon Dioxide, and others. Thus, stringent regulations to reduce the emission has expected to boost the growth of the market in the region.
Global Electric Aircraft Market: Key Players Overview
AMPAIRE INC. is a focusing on six, nine, and nineteen passenger aircraft initially. Ampaire successfully tested a five-passenger aircraft with a retrofitted electric motor which can travel up to 200 miles on a single charge and uses 55% less fuel. In July 2019, Ampaire Offered first hybrid electric aircraft for sale to general aviation pilots.
Bye Aerospace is one of the leader and innovator in electric and solar-electric aircraft. The company was incorporated in 2007 and provides aerospace industry with engineering service from conceptual development, composite structural design, and analysis to preliminary design consultation. In Aug 2019, Bye Aerospace made an agreement with U.S. based startup air taxi operator Quantum Air for 22 four-seat eFlyer 4 electric aircraft.
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