Global Hybrid Aircraft Market Expected to Reach $1,200 Mn by 2025
Global hybrid aircraft market is expected to reach USD 1,200 million by 2025 and is expected to exhibit a CAGR of more than 9.2% between 2017 and 2025.
Sarasota, FL -- (SBWire) -- 03/15/2018 --The new report by the Zion Market Research on the "Hybrid Aircraft Market by (Type (Dynastats and Rotastats); Technology (Manned Hybrid Aircraft and Unmanned Hybrid Aircraft); Application (Automotive (Commercial Tours, Surveillance, Research, Cargo Transport, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and forecast 2017 – 2025" has a vast information about the market and its potential.
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The global hybrid aircraft market was valued at around USD 540 million in the year 2016 and it is expected to reach approximately USD 1,200 million by 2025. The global hybrid aircraft market is expected to exhibit a CAGR of more than 9.2% between 2017 and 2025.
The key factors that will trigger the growth of the hybrid aircraft market are the increasing terrorism globally. The extreme competition between nations to develop advanced aircraft is one of the major factors accountable for the growth of hybrid aircraft market. Moreover, growing environmental concern is accelerating the demand for hybrid aircraft across different applications globally.
Our research analysts came up with the conclusion that there will be an increasing demand for the hybrid aircraft market from the surveillance segment.
The global Hybrid Aircraft market is segmented on the basis of the type, technology, application, and the geographical regions.
Dynastat and rotastat are the two types of hybrid aircraft being used for various applications. The Dynastats are having a huge demand in the hybrid aircraft market. The dynastat type of hybrid aircraft have better fuel efficiency within a given speed range as compared to Rotastats, and this will generate good demand for dynastat over the forecast period.
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The manned hybrid aircraft segment technology is dominating the Hybrid Aircraft market in 2017. The high use of manned operated aircrafts for commercial tours and surveillance is expected to boost the growth of segment in the global market over the forecast period. However, the rising demand for unmanned hybrid aircraft in military and national security project is expected to propel the growth of segment over the forecast period.
The military surveillance hybrid aircraft is designed to provide a stable platform that can endure being in use continuously for long periods of time. These aircrafts have the ability to operate from a non-airport base. Moreover, they can fly continuously up to 21 days at high altitude. The surveillance application is expected growth at high CAGR over the forecast period owing to rising demand for hybrid aircraft in defense. The hybrid aircraft fly far above the range of most weapons. The aircraft take photographs and video of the area under question and beam them back to a control center on the ground.
The region that is having a dominant share in the hybrid aircraft market is North America region. Increasing research and development investments for development of hybrid aircraft are the major contributors to the governance of hybrid aircraft market in North America.
The major market players in the hybrid aircraft market are Egan Airships, Boeing, Aeros, Airbus, Hybrid Air Vehicles, Lockheed Martin, Northrop Grumman, AUGUR-RosAeroSystems, Linstrand Technologies, ILC Dover, Straightline Aviation, Solar Ship Inc., AeroVehicles Inc. among others.
Browse the full "Hybrid Aircraft Market" report at https://www.zionmarketresearch.com/report/hybrid-aircraft-market
Global Hybrid Aircraft Market: Type Segment Analysis
Global Hybrid Aircraft Market: Technology Segment Analysis
Manned Hybrid Aircraft
Unmanned Hybrid Aircraft
Global Hybrid Aircraft Market: Application Segment Analysis
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Global Hybrid Aircraft Market: Regional Segment Analysis
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