electric/hybrid

Guidehouse Insights report forecasts significant growth in electric aircraft market

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A new report from Guidehouse Insights analyses the global market for electric aircraft (EA) in three key segments through 2035 and provides an analysis of the market issues, opportunities, and adoption challenges associated with EA.
Guidehouse Insights report forecasts significant growth in electric aircraft market
Electric aircraft. Creative Commons image.

EA have existed in small numbers since the early 1970s, mostly as experiments. Today, they are being developed by a diverse group of manufacturers in nearly every size, from single-seat personal flight pods to 180-plus passenger aircraft designed for long-distance zero emissions flights. According to a new report from Guidehouse Insights, the electric aircraft market is anticipated to experience significant growth with revenue expected to surpass $28 billion annually by 2035.

“Factors driving the development of EA range from reductions in operating costs, CO2, and noise pollution to government regulation and social issues surrounding the current aviation fleet” said Christian Albertson, senior research analyst with Guidehouse Insights. “Although aviation accounts for only 2 percent – 3 percent of global CO2 contribution, the European Commission has set the goal of a 75 percent reduction in CO2 per seat kilometre and 90 percent reduction of nitrogen dioxide by 2050. Even with more fuel-efficient conventional engines and airframes, the aviation industry would not be able to reach these goals without electrification and operation.”

Challenges to the EA market are numerous. Issues of battery size, weight, and range are determining the designs and purpose of the aircraft, while charging infrastructure and lack thereof is determining where the aircraft can fly. Personnel who work with these aircraft require upgraded training to ensure operations and maintenance are completed safely. Governments around the world must agree on safety standards and regulations to allow these aircraft to fly the same routes that conventional powered aircraft do today.

The report, Aviation Electrification, analyses the global market for EA in three key segments: aircraft seating up to six passengers, seven to 20 passengers, and 21 passengers and more. The study provides an analysis of the market issues, opportunities, and adoption challenges associated with EA. Global market forecasts for aircraft sales are broken out by segment and extend through 2035. The report also examines the key technologies and manufacturers related to EA, as well as the competitive landscape.

For additional information:

Guidehouse Insights

Report: Aviation Electrification

Tags: CO2 , SAF , Europe , Fuel
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