Electric Aircraft Market by Technology (Hybrid Aircraft, All Electric Aircraft), Power Source (Battery, Solar Cells, Fuel Cells, Others), by Range (Less than 600 Km, More than 600 Km), Application (Commercial, Military), and by Region - Forecast Till 2027
Electric Aircraft Market Is Estimated To Witness A CAGR Of More Than 4% During The Forecast Period From 2018 To 2030.
Market Highlights
An electric aircraft is an aircraft power-driven by electric motors. Electric energy may be supplied by several methods, including ground power cables, batteries, solar cells, power beaming ultra-capacitors, and fuel cells. Rising fuel prices have become a major concern for aircraft companies. This is impelling them to look for alternatives to conventional fuel sources. Thus, the focus on electrical energy as an eco-friendly and efficient alternative to conventional fuel may increase the electric aircraft market demand over the forecast period. The use of electric aircraft will help in reducing noise, air, and ground pollution, as a result, minimizing the hazards of global warming. This is estimated to drive the rising demand for the electric aircraft market.
The latest trends gaining momentum in the electric aircraft market is the growth of combined propulsion control for the overall steadiness during normal and emergency operations in the aircraft. To achieve capable combined propulsion control, the electric power management system is connected with every process of the aircraft, which requires a stable power supply and swift turnaround response in case of an emergency landing. This will also drive the market during the forecast period.
Key Players
The key players in Electric Aircraft Market are Bye Aerospace (U.S.), DeLorean Aerospace (U.S.), Eviation Aircraft (Israel), Electric Aircraft Corporation (U.S.), Lilium (Germany), PC Aero (Germany), Pipistrel (U.K), Siemens (Germany), Schempp-Hirth (Germany), Volta-Volaré (U.S.), Yuneec International (China), and Zunum Aero (U.S.).
Scope of the Report
This study provides an overview of the global Electric Aircraft Market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and the Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Electric Aircraft market by its Technology, Power Source, Range, Application, and Region.
Airport Ground Support Equipment Market Research Report: Information by Type (Fixed and Mobile), Power Source (Hybrid, Electric, and Non-Electric), Application (Aircraft Handling, Cargo Handling, and Passenger Handling), Equipment (Assembly Tool and Movement Equipment), End User (Military Airport and Commercial Airport) and Region (North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America)-Forecast till 2027
Airport Ground Support Equipment market projected to register a CAGR around 12% from 2018 to 2023.
Key Players
The key players in airport ground support equipment market are Teleflex Lionel-Dupont Group (France), JBT Corporation (U.S.), Tug Technologies Corporation (U.S.), AMSS GSE (U.K), Tronair Inc. (U.S.), Mallaghan Engineering Ltd. (U.K), Mulag Fahrzeugwerk GmbH (Germany), Shenzhen Cimc-Tianda Airport Support Co. Ltd. (China), Gate GSE (Belgium), and Avia Equipment Pte Ltd (Singapore).
Market Highlights:
Airport Ground Support Equipment (GSE) is found in terminal areas of an airport. This equipment will supportthe aircraft maintenance and service between the flight's stoppages. It involves the applications such as aircraft handling, passenger handling, and cargo handling. The factors driving the growth of the airport ground support equipment market include increasing air passengers, freight traffic, warehouse operations at airports, and number of airport expansions. However, there are some shortcomings in the airport ground support equipment, such as high maintenance cost and high cost involved in the replacement of ground support equipment. The market for airport ground support equipment is estimated to witness 12% CAGR during the forecast period.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Latin America. In the North American, the increased demand for electric and hybrid ground support equipment at the airport has bolster their presence in the market.
The scope of the Report
This study provides an overview of the Airport Ground Support Equipment Market, tracking four market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia Pacific (APAC), Middle East & Africa and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the airport ground support equipment market by its type, equipment, application, end user, and region.
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