The author of the report analyzed that the global hybrid aircraft market accounted for US$ 592.61 million in 2017.
Pune, India -- (SBWIRE) -- 05/16/2018 -- Global hybrid aircrafts market is segmented into two types - manned and unmanned hybrid aircrafts. Manned hybrid aircrafts held the dominant share in this market and this segment is likely to retain its dominance during the forecast period. Growing trend of vertical take-off and landing facility are made possible with the help of rapid technological advancement and this in turn is likely to accelerate the market demand for hybrid aircrafts over the forecast period. Long endurance flight capacity of these aircrafts is also projected to help expand the hybrid aircraft market during the forecast period.
The author of the report analyzed that the global hybrid aircraft market accounted for US$ 592.61 million in 2017. The dynamic hybrid aircraft, evolved from the traditional air ships, are modelled with dynastats and rotastats to provide aerodynamic and buoyancy lift. In addition, the aircraft is equipped with electric battery, solar cell antennas, hydro carbon powered engines and light weight gases. Thus, enabling it to be an efficient environment friendly airship. Further, the development for hybrid aircraft requires high research and development costs.
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The report also offers extensive research on the key players in this market and detailed insights on the competitiveness of these players. The key business strategies such as mergers & acquisitions, affiliations, collaborations, and contracts adopted by the major players are also recognized and analyzed in the report. For each company, the report recognizes their manufacturing base, competitors, product type, application and specification, pricing, and gross margin.
the development for hybrid aircraft requires high research and development costs. Owing to the high funded facilities, developing and underdeveloped countries are restraining themselves for the evolved dynamic aircraft model.
Manned Hybrid Estimated to Be the Dominant Segments During the Period 2018-2026.
The efficient fuel efficiency and hybrid winged enables the airship to maintain in different altitudes for longer durations. Manned hybrid aircraft dominates the technology segment of the market owing to its operational efficiency for commercial purpose.
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Increase in investments for research and development by the companies in North America to drive the hybrid aircraft market.
The North America region holds the major market share for the market among other regions. The investments, collaborations and product development by the companies for the defense and aerospace industry in U.S. ascribes the region to grow. For instance, companies such as ILC Dover and Lockheed Martin Corporation are investing to provide dynamic hybrid aircraft system for the U.S army.
Hybrid Aircraft Market is Fragmented with the Presence of Global and Regional Players
Some of the primary participants operating in the market are Boeing, ILC Dover, Hybrid Air Vehicles Limited, Egan Airships, Lockheed Martin Corporation, Straightline Aviation, RosAeroSystems, Aeros, Airbus, Solar Ship Inc., AeroVehicles Inc., Northrop Grumman Corporation, Lindstrand Technologies Ltd.
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Hybrid Aircraft Market – By Type
Hybrid Aircraft Market – By Technology
Manned Hybrid Aircraft
Unmanned Hybrid Aircraft
Hybrid Aircraft Market – By Application
Market By Region
Middle East and Africa