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Global Hybrid Electric Aircraft Market Size study, by Platform (Commercial Aircraft, Military Aircraft, Business Jets, Urban Air Mobility), by Operation (Pilot Operated, Autonomous), by Engine Configuration (Turbine Engine with Electric Motor, Piston Engine with Electric Motor), by Component (Aerostructures, Engine, Avionics, Electric Motor, Batteries & Fuel Cells, Generator, Others), by Lift Technology (CTOL, STOL, VTOL) and Regional Forecasts 2022-2032

August 2024 | 200 pages | ID: GB17F3ECE13BEN
Bizwit Research & Consulting LLP

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Global Hybrid Electric Aircraft Market is valued at approximately USD 2.80 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 21.5% over the forecast period 2024-2032. Hybrid electric aircraft represents a groundbreaking advancement in the aviation sector, combining traditional aviation fuel with electric power to enhance efficiency and minimize environmental impact. These aircraft utilize a hybrid electric powertrain, integrating lithium-ion batteries with traditional fuel sources, thereby extending flight range compared to purely electric aircraft. Hybrid electric aircraft significantly reduce fuel consumption and emissions by incorporating electric propulsion systems, presenting a more sustainable aviation alternative. This innovation not only enhances fuel efficiency but also decreases noise levels, making these aircraft more environmentally friendly and suitable for the future aviation landscape.

The push for environmentally friendly aviation solutions and the growing necessity to curb carbon emissions are significant drivers of the hybrid electric aircraft market's expansion. Hybrid aircraft provide a means to lower the carbon footprint of air travel and reduce fuel costs, aligning with the industry's commitment to environmental responsibility. Additionally, technological advancements are improving the feasibility and performance of hybrid aircraft, increasing their appeal for both commercial and military applications. The market is further bolstered by stringent environmental regulations, rising fuel costs, and a global shift towards eco-friendly transportation options, prompting the aviation sector to adopt hybrid aircraft. In essence, the convergence of environmental concerns, technological progress, and the operational advantages of hybrid aircraft is propelling market growth in this domain. Moreover, the emergence of urban air mobility, the replacement of conventional aircraft with sustainable aircraft and increasing demand for shuttle services and air taxis
present various lucrative opportunities over the forecast years. However, the market faces challenges due to the lack of infrastructure support and stringent regulations and certifications for airworthiness.

The key regions considered for the Global Hybrid Electric Aircraft Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is a dominating region in the Global Hybrid Electric Aircraft Market in terms of revenue. The market growth in the region is being attributed to factors including the presence of leading aerospace companies, extensive investments in research and development, and strong governmental support for sustainable aviation initiatives. The region's established aviation infrastructure and technological advancements also contribute significantly to its leadership position in the market. Whereas, the market in Asia Pacific is anticipated to grow at the fastest rate over the forecast period fueled by increasing air travel demand, rising environmental concerns, and substantial investments in green aviation technologies by countries like China, Japan, and India. The region's expanding aerospace industry and favorable regulatory policies further fuel the growth of hybrid electric aircraft in Asia-Pacific, making it a key area of focus for future market expansion.

Major market players included in this report are:
Aura Aero (France)
Electra Aero Inc. (U.S.)
Embraer S.A. (Brazil)
Heart Aerospace (Sweden)
Honeywell International Inc. (U.S.)
Joby Aviation, Inc. (U.S.)
Lockheed Martin Corporation (U.S.)
Northrop Grumman Corporation (U.S.)
PIPISTREL (Textron Aviation) (U.S.)
The Boeing Company (U.S.)
Airbus SE (Netherlands)
Ampaire Inc. (U.S.)
Archer Aviation Inc. (U.S.)
Siemens AG
Eviation Aircraft Ltd.

The detailed segments and sub-segment of the market are explained below:
By Platform
Commercial Aircraft
Military Aircraft
Business Jets
Urban Air Mobility

By Operation
Pilot Operated
Autonomous

By Engine Configuration
Turbine Engine with Electric Motor
Piston Engine with Electric Motor

By Component
Aerostructures
Engine
Avionics
Electric Motor
Batteries & Fuel Cells
Generator
Others

By Lift Technology
CTOL
STOL
VTOL

By Region:
North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico
Rest of Latin America

Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:
Historical year – 2022
Base year – 2023
Forecast period – 2024 to 2032
Key Takeaways:
Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.
CHAPTER 1. GLOBAL HYBRID ELECTRIC AIRCRAFT MARKET EXECUTIVE SUMMARY

1.1. Global Hybrid Electric Aircraft Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Platform
  1.3.2. By Operation
  1.3.3. By Engine Configuration
  1.3.4. By Component
  1.3.5. By Lift Technology
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL HYBRID ELECTRIC AIRCRAFT MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand Side Analysis
    2.3.4.1. Regulatory frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL HYBRID ELECTRIC AIRCRAFT MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Growing Demand for Eco-Friendly Aviation Solutions
  3.1.2. Technological Advancements in Hybrid Aircraft
  3.1.3. Increasing Environmental Regulations and Rising Fuel Costs
3.2. Market Challenges
  3.2.1. Lack of Infrastructure Support
  3.2.2. Stringent Regulations and Certifications
3.3. Market Opportunities
  3.3.1. Emergence of Urban Air Mobility
  3.3.2. Increasing Demand for Shuttle Services and Air Taxis
  3.3.3. Replacement of Conventional Aircraft with Sustainable Aircraft

CHAPTER 4. GLOBAL HYBRID ELECTRIC AIRCRAFT MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL HYBRID ELECTRIC AIRCRAFT MARKET SIZE & FORECASTS BY PLATFORM 2022-2032

5.1. Segment Dashboard
5.2. Global Hybrid Electric Aircraft Market: Platform Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Commercial Aircraft
  5.2.2. Military Aircraft
  5.2.3. Business Jets
  5.2.4. Urban Air Mobility

CHAPTER 6. GLOBAL HYBRID ELECTRIC AIRCRAFT MARKET SIZE & FORECASTS BY OPERATION 2022-2032

6.1. Segment Dashboard
6.2. Global Hybrid Electric Aircraft Market: Operation Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Pilot Operated
  6.2.2. Autonomous

CHAPTER 7. GLOBAL HYBRID ELECTRIC AIRCRAFT MARKET SIZE & FORECASTS BY ENGINE CONFIGURATION 2022-2032

7.1. Segment Dashboard
7.2. Global Hybrid Electric Aircraft Market: Engine Configuration Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  7.2.1. Turbine Engine with Electric Motor
  7.2.2. Piston Engine With Electric Motor

CHAPTER 8. GLOBAL HYBRID ELECTRIC AIRCRAFT MARKET SIZE & FORECASTS BY COMPONENT 2022-2032

8.1. Segment Dashboard
8.2. Global Hybrid Electric Aircraft Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  8.2.1. Aerostructures
  8.2.2. Engine
  8.2.3. Avionics
  8.2.4. Electric Motor
  8.2.5. Batteries & Fuel Cells
  8.2.6. Generator
  8.2.7. Others

CHAPTER 9. GLOBAL HYBRID ELECTRIC AIRCRAFT MARKET SIZE & FORECASTS BY LIFT TECHNOLOGY 2022-2032

9.1. Segment Dashboard
9.2. Global Hybrid Electric Aircraft Market: Lift Technology Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  9.2.1. CTOL
  9.2.2. STOL
  9.2.3. VTOL

CHAPTER 10. GLOBAL HYBRID ELECTRIC AIRCRAFT MARKET SIZE & FORECASTS BY REGION 2022-2032

10.1. North America Hybrid Electric Aircraft Market
  10.1.1. U.S. Hybrid Electric Aircraft Market
    10.1.1.1. Platform breakdown size & forecasts, 2022-2032
    10.1.1.2. Operation breakdown size & forecasts, 2022-2032
    10.1.1.3. Engine Configuration breakdown size & forecasts, 2022-2032
    10.1.1.4. Component breakdown size & forecasts, 2022-2032
    10.1.1.5. Lift Technology breakdown size & forecasts, 2022-2032
  10.1.2. Canada Hybrid Electric Aircraft Market
10.2. Europe Hybrid Electric Aircraft Market
  10.2.1. UK Hybrid Electric Aircraft Market
  10.2.2. Germany Hybrid Electric Aircraft Market
  10.2.3. France Hybrid Electric Aircraft Market
  10.2.4. Spain Hybrid Electric Aircraft Market
  10.2.5. Italy Hybrid Electric Aircraft Market
  10.2.6. Rest of Europe Hybrid Electric Aircraft Market
10.3. Asia-Pacific Hybrid Electric Aircraft Market
  10.3.1. China Hybrid Electric Aircraft Market
  10.3.2. India Hybrid Electric Aircraft Market
  10.3.3. Japan Hybrid Electric Aircraft Market
  10.3.4. Australia Hybrid Electric Aircraft Market
  10.3.5. South Korea Hybrid Electric Aircraft Market
  10.3.6. Rest of Asia Pacific Hybrid Electric Aircraft Market
10.4. Latin America Hybrid Electric Aircraft Market
  10.4.1. Brazil Hybrid Electric Aircraft Market
  10.4.2. Mexico Hybrid Electric Aircraft Market
  10.4.3. Rest of Latin America Hybrid Electric Aircraft Market
10.5. Middle East & Africa Hybrid Electric Aircraft Market
  10.5.1. Saudi Arabia Hybrid Electric Aircraft Market
  10.5.2. South Africa Hybrid Electric Aircraft Market
  10.5.3. Rest of Middle East & Africa Hybrid Electric Aircraft Market

CHAPTER 11. COMPETITIVE INTELLIGENCE

11.1. Key Company SWOT Analysis
  11.1.1. Company
  11.1.2. Company
  11.1.3. Company
11.2. Top Market Strategies
11.3. Company Profiles
  11.3.1. Aura Aero
    11.3.1.1. Key Information
    11.3.1.2. Overview
    11.3.1.3. Financial (Subject to Data Availability)
    11.3.1.4. Product Summary
    11.3.1.5. Market Strategies
  11.3.2. Electra Aero Inc.
  11.3.3. Embraer S.A.
  11.3.4. Heart Aerospace
  11.3.5. Honeywell International Inc.
  11.3.6. Joby Aviation, Inc.
  11.3.7. Lockheed Martin Corporation
  11.3.8. Northrop Grumman Corporation
  11.3.9. PIPISTREL (Textron Aviation)
  11.3.10. The Boeing Company
  11.3.11. Airbus SE (Netherlands)
  11.3.12. Ampaire Inc. (U.S.)
  11.3.13. Archer Aviation Inc. (U.S.)
  11.3.14. Siemens AG
  11.3.15. Eviation Aircraft Ltd.

CHAPTER 12. RESEARCH PROCESS

12.1. Research Process
  12.1.1. Data Mining
  12.1.2. Analysis
  12.1.3. Market Estimation
  12.1.4. Validation
  12.1.5. Publishing
12.2. Research Attributes

LIST OF TABLES

TABLE 1. Global Hybrid Electric Aircraft market, report scope
TABLE 2. Global Hybrid Electric Aircraft market estimates & forecasts by Region 2022-2032 (USD Billion)
TABLE 3. Global Hybrid Electric Aircraft market estimates & forecasts by Platform 2022-2032 (USD Billion)
TABLE 4. Global Hybrid Electric Aircraft market estimates & forecasts by Operation 2022-2032 (USD Billion)
TABLE 5. Global Hybrid Electric Aircraft market estimates & forecasts by Engine Configuration 2022-2032 (USD Billion)
TABLE 6. Global Hybrid Electric Aircraft market estimates & forecasts by Component 2022-2032 (USD Billion)
TABLE 7. Global Hybrid Electric Aircraft market estimates & forecasts by Lift Technology 2022-2032 (USD Billion)
TABLE 8. Global Hybrid Electric Aircraft market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 9. Global Hybrid Electric Aircraft market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 10. Global Hybrid Electric Aircraft market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 11. Global Hybrid Electric Aircraft market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 12. Global Hybrid Electric Aircraft market by segment, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 13. Global Hybrid Electric Aircraft market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 14. Global Hybrid Electric Aircraft market by region, estimates & forecasts, 2022-2032 (USD Billion)
TABLE 15. U.S. Hybrid Electric Aircraft market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 16. U.S. Hybrid Electric Aircraft market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 17. U.S. Hybrid Electric Aircraft market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 18. Canada Hybrid Electric Aircraft market estimates & forecasts, 2022-2032 (USD Billion)
TABLE 19. Canada Hybrid Electric Aircraft market estimates & forecasts by segment 2022-2032 (USD Billion)
TABLE 20. Canada Hybrid Electric Aircraft market estimates & forecasts by segment 2022-2032 (USD Billion)
…..
This list is not complete, final report does contain more than 100 tables. The list may be updated in the final deliverable.

LIST OF FIGURES

FIG 1. Global Hybrid Electric Aircraft market, research methodology
FIG 2. Global Hybrid Electric Aircraft market, market estimation techniques
FIG 3. Global market size estimates & forecast methods.
FIG 4. Global Hybrid Electric Aircraft market, key trends 2023
FIG 5. Global Hybrid Electric Aircraft market, growth prospects 2022-2032
FIG 6. Global Hybrid Electric Aircraft market, porters 5 force model
FIG 7. Global Hybrid Electric Aircraft market, PESTEL analysis
FIG 8. Global Hybrid Electric Aircraft market, value chain analysis
FIG 9. Global Hybrid Electric Aircraft market by segment, 2022 & 2032 (USD Billion)
FIG 10. Global Hybrid Electric Aircraft market by segment, 2022 & 2032 (USD Billion)
FIG 11. Global Hybrid Electric Aircraft market by segment, 2022 & 2032 (USD Billion)
FIG 12. Global Hybrid Electric Aircraft market by segment, 2022 & 2032 (USD Billion)
FIG 13. Global Hybrid Electric Aircraft market by segment, 2022 & 2032 (USD Billion)
FIG 14. Global Hybrid Electric Aircraft market, regional snapshot 2022 & 2032
FIG 15. North America Hybrid Electric Aircraft market 2022 & 2032 (USD Billion)
FIG 16. Europe Hybrid Electric Aircraft market 2022 & 2032 (USD Billion)
FIG 17. Asia pacific Hybrid Electric Aircraft market 2022 & 2032 (USD Billion)
FIG 18. Latin America Hybrid Electric Aircraft market 2022 & 2032 (USD Billion)
FIG 19. Middle East & Africa Hybrid Electric Aircraft market 2022 & 2032 (USD Billion)
FIG 20. Global Hybrid Electric Aircraft market, company market share analysis (2023)
…..
This list is not complete, final report does contain more than 50 figures. The list may be updated in the final deliverable.


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