Scope of the Study
Hybrid electric jet runs on both types of engines such as electric motor and electric engine. It has been observed that hybrid electric jet can reduce up to 80% of emission, saves fuel and reduce noise pollution. For instance, according to United Technologies Corp., a hybrid electric solution has achieved more than 30% of fuel saving. These advantages, rising environmental concern, and increasing fuel costs across the globe are the key drivers for the market. Additionally, government rules and regulation to reduce carbon footprint and noise pollution are supplementing the market. However, ICE limitation such as limiting the descent rate and high cost of lithium batteries and long charging time are the factors that have been limiting the growth of the market. Moreover, increasing defense funding and expansion of commercial aviation and increasing investment for research and development activities are expected to create a big opportunity for the market in the coming years.
The market study is being classified and major geographies with country level break-up. According to AMA, the Global Hybrid Electric Jet market is expected to see growth rate of 46.23%
Zunum Aero (United States), Boeing HorizonX (United States), Uber Technologies Inc (United States), JetBlue Technology Ventures (United States), Siemens AG (Germany), Airbus SE (Netherlands), Rolls Royce (United Kingdom) and Lilium (Germany) are some of the key players profiled in the study. Additionally, the Manufacturers which are also part of the research are EasyJet Ltd. (United Kingdom) and Wright Electric. (United States).
The Manufacturers having a strong hold in the market are Zunum Aero, Boeing HorizonX, Uber Technologies Inc., JetBlue Technology Ventures, Airbus SE. Research Analyst at AMA predicts that United States and European Manufacturers will contribute to the maximum growth of Global Hybrid Electric Jet market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Hybrid Electric Jet market by Type, Application and Region.
On the basis of geography, the market of Hybrid Electric Jet has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Jet Type, the sub-segment i.e. Business Jet will boost the Hybrid Electric Jet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size , the sub-segment i.e. Light Jet will boost the Hybrid Electric Jet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery Type, the sub-segment i.e. LeadľAcid will boost the Hybrid Electric Jet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Electric Motor Powered Type, the sub-segment i.e. Batteries will boost the Hybrid Electric Jet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rising Environmental Concern due to Air Pollution and Noise Pollution
- Increasing Fuel Costs across the Globe
- Increasing Defense Funding and Expansion of Commercial Aviation
- ICE limitation such as Limiting the Descent Rate
- Government Rules and Regulation to Reduce Carbon Foot Print and Noise Pollution
- Increasing Investment for Research and Development Activities
- High Cost of Lithium Batteries and Long Charging Time
In May 2018, JetSuite (United States) has announced that the company will use hybrid electric jet in 2020. Additionally, the company has booked more than 98 hybrids to electric aircraft from Zunum Aero. These hybrid jets have space for 12 passengers and can reduce 80% emissions.
Customization in the Report Available:The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase