Electric Aircraft Market value $121.8 Million by 2023

1
According to the new market research report on
the "Electric Aircraft Market by Aircraft Type
(Ultralight Aircraft, Light Jet), Component
(Battery, Electric Motor), Technology (Hybrid
and All Electric), Range (Less than 500 Km and
More than 500 Km), and Region - Global Forecast
to 2023", The electric aircraft market is
projected to grow from an estimated USD 99.3
Million in 2018 to USD 121.8 Million by 2023,
at a CAGR of 4.17 from 2018 to 2023. Low
cost of electric
ownership of aircraft and

• advantages of electric
• aircraft over traditional aircraft are driving
  the electric aircraft market.
• Download PDF Brochure _at_ https//www.marketsandmar
  kets.com/pdfdownloadNew.asp?id52646445 Target
  Audience for this Report
• Manufacturers of Electric aircraft
• Providers or Suppliers of Electric Aircraft Parts
• Manufacturers of Sub-Components
• Retailers, Distributors, and Wholesalers of
  Electric Aircraft
• Technology Support Providers
• Manufacturers of Defense Components
• Manufacturers of Aerospace Components
• System Integrators
• Governmental Bodies
• Based on range, the less than 500 km segment is
  projected to lead the electric aircraft market
  during the forecast period
• Based on the range, the less than 500 km segment
  is expected to lead the electric aircraft market
  during the forecast period. Aircraft can achieve
  higher range with the introduction of advanced
  and high capacity batteries in the market. As a
  result, the electric aircraft with increased
  range were launched for commercial use. The
  ultralight electric aircraft available in the
  market mostly have range from 0 to 500 km. These
  aircraft are used for recreational and training
  purposes.
• Based on component, the battery segment of the
  electric aircraft market is projected to witness
  the highest growth during the forecast period

2
Based on component, the battery segment of the
electric aircraft market is projected to witness
the highest growth during the forecast period.
Batteries and other storage devices can be
installed in the primary structure of the
electric aircraft most electric powered
aircraft use lithium-ion batteries. These
batteries are economic and can be scaled to
build larger systems of several hundred kWh
energys capacity. The Europe region is expected
to lead the electric aircraft market during the
forecast period from 2018 to 2023 The Europe
region is expected to lead the electric aircraft
market during the forecast period. The aircraft
industry in Europe is aiming to use new advanced
materials, such as gamma-titanium aluminides and
single crystals, with improved mechanical
properties, these advanced engines help aircraft
reduce its fuel consumption, carbon emissions,
and noise pollution. Key Market Players Major
companies profiled in the electric aircraft
market report are PC Aero (Germany), Pipistrel
(Italy), Lilium (Germany), Alisport SRL (Italy),
and Schempp- Hirth (Germany). Ask for Sample
Report _at_ https//www.marketsandmarkets.com/request
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