Global Electric Aircrafts Market Is Growing at a CAGR of 4.5% by the Year 2022
Market Research Store: Published latest report on "Global Electric Aircrafts Market Outlook (2015-2022)" into their database.
Deerfield Beach, FL -- (SBWire) -- 02/23/2016 --Electric Aircrafts - Global Market Outlook (2015-2022)
The Global Electric Aircraft Market is accounted for $18.35 billion in 2015 and is expected to reach $24.9 billion by 2022 growing at a CAGR of 4.5% during the forecast period. Increasing number of airline passengers, raise in aircraft deliveries, printed electronics and smart skin are the key factors driving the market growth. However, regulatory issues and Macro-Economic shocks are restraining the market. Need for more electric engines is the major opportunity for vendors in electric aircraft market. Reliability of electrical systems in thermal management and optimization in electrical systems are the major challenges being faced by the vendors.
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In 2015, North America accounted for the highest market share as compared to other regions. The Asia Pacific region is expected to grow at the highest CAGR and is anticipated to command the highest market share by the year 2022.
Some of the key players in the market include Honeywell International, Boeing, Raytheon, Thales Group, Bombardier, Airbus, Zodiac Aerospace, United Technologies, Safran, Alatus Ukraine, Electric Aircraft Corporation and Flying motorcycle Samson Motorworks.
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Aircraft Type Covered:
- Large body
- Wide body aircraft
- Narrow body
Applications Covered:
- Military
- Unmanned Aerial Vehicle (UAV)
- Commercial
Regions Covered:
- North America
o US
o Canada
o Mexico
- Europe
o Germany
o France
o Italy
o UK
o Spain
o Rest of Europe
- Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o Rest of Asia Pacific
- Rest of the World
o Middle East
o Brazil
o Argentina
o South Africa
o Egypt
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