In-Depth Analysis Of The Global Electric Aircraft Market: Key Drivers, Trends, Growth Opportunities And Forecast To 2034

The Business Research Company’s Electric Aircraft Global Market Report 2025 - Market Size, Trends, And Global Forecast 2025-2034

LONDON, GREATER LONDON, UNITED KINGDOM, May 20, 2025 /EINPresswire.com/ -- The Business Research Company’s Latest Report Explores Market Driver, Trends, Regional Insights - Market Sizing & Forecasts Through 2034

Electric aircraft market size is expanding exponentially, which from $10.21 billion in 2024 is expected to touch $11.68 billion in 2025, marking a compound annual growth rate CAGR of 14.4%. What's more significant are the key drivers behind these trends. The growth in the historic period can be attributed to urban air mobility UAM initiatives, rising fuel costs, demonstration flights and prototypes, environmental concerns, government initiatives, and incentives.

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How has the global air passenger volume impacted the electric aircraft market?
Remarkably, a surge in global air passenger volume is expected to drive the electric aircraft market. Passenger airlines, the carriers which specialize in carrying people are seeing more traffic as air passengers opt for air travel due to its benefits—speed, increased international travel, to name a few. The electric aircraft reduces the cost of travel for passengers and contributes to the environment by being sustainable.

Who are the key industry players in the electric aircraft market?
Major companies operating in the electric aircraft market are Airbus Yuneec Holding Limited, The Boeing Company, Lilium GmbH, Safran SA, Bye Aerospace Inc., Honeywell International Inc., Rolls-Royce Holding PLC, Aerospace Limited, Electric Aircraft Corporation, Aero Electric Aircraft Corp., Airspace Experience Technologies LLC, Ampaire Inc., BAE Systems PLC, Beta Technologies Inc., Blackbird Aero, Cessna Aircraft company, DigiSky SkySpark, Electravia SARL, Elroy Air Technologies Inc., Eviation Aircraft Ltd., Flight Design General Aviation GmbH, Harbour Air Seaplanes.

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What are the current trends in electric aircraft market?
The emerging trends provide significant insight into the industry's future. Major companies operating in the electric aircraft market are adopting a strategic partnership approach aiming to aid in the aviation industry's shift to sustainability. The strategy is all about leveraging each other's strengths and resources towards shared success.

How Is The Electric Aircraft Market Segmented?
The electric aircraft market segmentation is a critical aspect for understanding market reach and penetration:
1 By Type: Fixed Wing, Rotary Wing, Hybrid Wing
2 By Technology: CTOL, STOL, VTOL
3 By System: Batteries, Electric Motors, Aerostructures, Avionics, Software, Other Systems
4 By Platform: Regional Transport Aircraft, Business Jets, Light And Ultralight Aircraft
5 By Application: Commercial, Military, Other Applications

And the subsegments:
1 By Fixed Wing: Electric Airplanes, E-Regional Aircraft, Electric Cargo Aircraft
2 By Rotary Wing: Electric Helicopters, eVTOL Electric Vertical Takeoff And Landing Aircraft
3 By Hybrid Wing: Hybrid Electric Aircraft, Convertible Aircraft.

What Are The Regional Insights Of The Aircraft Market Segmented?
Regional Analysis indicates a significant role of geographies in the market growth. In 2024, North America led the electric aircraft market. The report covers regions like Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa, portraying a global look at the industry's wider reach.

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