Electric Aircraft Market set to rise $28.7 billion by 2030, as Integration of Autonomous Technology hits transformation ground

Datastring Consulting

posted on 1 day ago — updated on 1 second ago

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According to a recent research, Industry revenue for Electric Aircraft is expected to rise to $28.7 billion by 2030 from $10.4 billion of 2023. The revenue growth of industry players is estimated to average at 15.6% annually for period 2023 to 2030. Growing end-industry applications in major countries like U.S., Germany and France, is driving the market demand high.

Research Study analyse the new revenue pockets, emerging markets, competition landscape, opportunities & niche insights for Type (Fixed-wing, Rotorcraft, Hybrid Electric), Range (Short Range, Long Range) and Power Source (Battery, Hydrogen Fuel Cells, Solar).

Access the detailed report here - https://datastringconsulting.com/industry-analysis/electric-aircraft-market-research-report

Regional Analysis

North America and Europe are the two most active and leading regions in the market. Europe leads the way in providing backing for eco-friendly aviation by setting ambitious targets to reduce emissions and promoting the adoption of electric aircraft technology. Germany and the UK are actively encouraging innovation, in this sector through government supported programs and partnerships.

With challenges like battery limitations and range constraints, high initial development costs and infrastructure challenges, Electric Aircraft market’s supply chain from battery suppliers to charging infrastructure providers is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including India, China and Brazil for revenue diversification and TAM expansion. The adoption of self flying functions represents a shift that decreases reliance on pilots and enhances the effectiveness of operations, in electric planes.

Industry Leadership and Strategies

The Electric Aircraft market is characterized by intense competition, with a number of leading players such as Eviation, Rolls-Royce, magniX, Pipistrel, Joby Aviation, Lilium, Tesla, ChargePoint, Siemens, Volocopter, Airbus and Boeing.

About DataString Consulting

DataString Consulting assist companies in strategy formulations & roadmap creation including TAM expansion, revenue diversification strategies and venturing into new markets; by offering in depth insights into developing trends and competitor landscapes as well as customer demographics. Our customized & direct strategies, filters industry noises into new opportunities; and reduces the effective connect time between products and its market niche.

DataString Consulting offers complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. DataString’s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. Our Industry experts and data aggregators continuously track & monitor high growth segments within more than 15 industries and 60 sub-industries.