7Newswire
26 Oct 2021, 12:32 GMT+10
The global electric aircraft market is expected to reach USD 1,717.7 Million by 2028, according to a new report by Reports and Data. Electrical systems not only offer the capability to reduce CO2 emissions, but are also likely to unlock the potential for more energy-efficient aircraft and brand new architectures. Based on a study, if all domestic air transportation in Norway could be converted to electric power, there is a potential to reduce the emission of 1.2 million tons of CO2 equivalents. Converting to electricity is likely to eliminate emissions of greenhouse gases as well as nitrous oxides (NOx), hydrocarbons, and particulate matter.
Asia Pacific is expected to be a key revenue generating region in the forecast period. The market is projected to reach USD 67.64 million in the forecast period. Manufacturers in Asia Pacific are also trying to introduce their aircrafts in the market. In 2017, China announced mass production of their two-seater electric aircraft: RX1E. With a fully charged battery, a maximum takeoff weight of 480 kg and a cruise speed of up to 160 kilometers per hour, RX1E is projected to fly 90 minutes. The electric aircraft is expected to serve a wide range of services starting from police patrols, flight training, entertainment and mapping surveys.
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Further key findings from the report suggest
The key questions answered in the report:
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For the purpose of this report, Reports and Data have segmented global Electric Aircraft on the basis of type, component, technology, range and region:
Type Outlook (Revenue, USD Million, 2018-2026)
Component Outlook (Revenue, USD Million, 2018-2026)
Technology Outlook (Revenue, USD Million, 2018-2026)
Range Outlook (Revenue, USD Million, 2015-2026)
Regional Outlook (Revenue, USD Million, 2018-2026)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/electric-aircraft-market
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Reports and Data is a company of individuals who passionately seek to provide the world with an understanding that evolution is part of the natural feature and process that ushers in radical changes in ways things would otherwise function in a regular process.
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