Top Companies in Electric Aircraft Market | Industry Major Players In-depth Comprehensive Report by Vantage Market Research
Increasing investment toward Research and Development (R&D) activities by several market players is driving Electric Aircraft Market revenue growth.
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MARKET OVERVIEW
The Global Electric Aircraft Market is valued at USD 7.7 Billion in the year 2021 and is projected to reach a value of USD 17.3 Billion by the year 2028. The Global Market is forecasted to grow to exhibit a Compound Annual Growth Rate (CAGR) of 14.5% over the forecast period. Electric plane entails the usage of advanced electric systems to update the normally used pneumatic equipment. In those planes, non-propulsive functions, including pressurization, de-icing, engine starting, flight controls, and actuation of the landing gear, are electrified, thereby making them exceptionally energy efficient. They additionally make use of power electronics, energy storage devices, thermal management, safety, battery, and fuel cell systems. In assessment to the historically used aircraft are safer, environment-friendly and cause minimum noise pollutants and generate decreased carbon emissions.
Civil & industrial programs of electrical aircraft encompass the transportation of clinical components with the aid of using companies like Zipline and ordinarily for aerial photography. Retail and different logistics groups are more and more searching toward using electric-powered UAVs to distribute important items because of intermittent lockdowns and the imposition of social distancing protocols worldwide.
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Some of the key players operating in the Electric Aircraft Market are listed below:
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Company Name |
Revenue in USD |
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$9 Million |
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$545 Million |
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$5 Million |
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<$5 Million |
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<$5 Million |
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<$5 Million |
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<$5 Million |
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$14 Million |
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$6 Million |
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$8 Million |
Zunum Aero is developing hybrid-Electric Aircraft for fast and affordable travel. The Company's goal is to make local flights a more feasible alternative to traveling by car or high-speed trains. The Zunum Airplane is designed around the idea that by routing more traffic to regional hub airports and providing much lower operating costs for smaller craft with between 10 and 50 seats that do short-haul trips, air travel can become much more efficient and convenient for commuters.
Yuneec is a global leader in multicolor drones and UAV technology. They started out as a manufacturer of remote-controlled aircraft for model-making enthusiasts. Coming from this background, they recognize that safety is the cornerstone of the usability and capability of their products. This belief extends to the empowerment of the people who keep us safe every day. From Fire and Rescue to the Coast Guard and Law Enforcement, they believe a view from above will help first responders overcome obstacles and make us safer. Their humble beginnings started with innovation and accessibility in the aircraft industry. From the first commercially successful ready-to-fly fixed wing RC airplane, to ground-breaking Electric Aircraft and next-generation aerial video quadcopters, Yuneec has pushed the limits above and beyond in electric aviation for over 15 years.
PC-Aero Development GmbH is located in Nesselwang, Bayern, Germany, and is part of the Architectural, Engineering, and Related Services Industry. PC-Aero Development GmbH has 2 total employees across all of its locations and generates $110,902 in sales (USD). The company offers optional piloted and unmanned aerial vehicles as well as ready-to-use aerial systems prepared for particular applications. Having expertise in aircraft design, avionics, electronics, robotics, and development of safety-critical software, the company offers support in the preparation of aerial platforms for customer-defined applications, integration of the payloads as well as in the development of mission software.
Pipistrel is a world-leading small aircraft designer and manufacturer, specializing in energy-efficient and affordable high-performance aircraft. With more than 30 years of experience, Pipistrel has produced more than 2200 aircraft to date, gaining a significant international reputation by delivering unique, innovative products to passionate customers on all continents. First to fly an electric two-seater in 2007 and the winner of the NASA Green Flight Challenge in 2011 with the World's first electric four-seat aero plane, Pipistrel has designed nine different experimental and serially produced Electric Aircraft, including the first type certified electric airplane, the Velis Electro. It has also developed propulsion systems, including batteries, power controllers, and electric motors, for small and general aviation class of aircraft for NASA and Siemens, among others.
Eviation Aircraft Ltd is an Israel-based company, designs, develops and manufactures a light electric passenger aircraft and provides supportive services. It also focuses on providing supportive services required for an economically viable Electric Aircraft eco-system. The viable Electric Aircraft eco-system is intended to enable passengers to book an on-demand flight. Geographically all the operations functioned through the region of Israel.
Lilium is an aviation company developing an emissions-free regional air mobility service. It has designed and prototyped the Lilium Jet, a brand-new type of aircraft that will enable it to deliver regional journeys that are considerably faster than rail or road, yet competitive in price. The demonstrator aircraft first flew in 2019 and is a five-seater, fully-electric Aircraft that can take off and land vertically (VTOL). Lilium creates a sustainable and accessible mode of high-speed, regional transportation. Using the 7-Seater Lilium Jet, an electric vertical take-off and landing jet, offering leading capacity, low noise, and high performance, it is building a transport network and service for people and goods.
Alisport, born in 1974 among the green hills of Maser (Treviso), is a company with a two-generation of experience in hand-made footwear. Alisport seems to transfuse to the footwear both the style and tradition of a land where nature, history, art, and culture are melted in a perfect balance. About 20 years ago Alisport started to commercialize its own brand, specializing in leisure footwear. Hand-made experience, the cooperation with the best designers, high-quality materials, and modern technologies gives as result a very high-quality standard, which means that fashion, comfort, and health are inseparable in Alisport’s products.
Schempp-Hirth is a leading manufacturer of high-performance gliders with more than 80 years of experience. A team of nearly 100 highly motivated employees is building single-seaters and two-seaters that can regularly be found in top positions of international championships and record lists around the world. The airplanes are mainly built manually in skilled craftsmanship and are increasingly equipped with innovative engine systems that can help to span areas of bad thermal conditions or even allow launching the glider without the need of a tow plane.
Bye Aerospace is a company that provides engineering services for the aerospace industry. It offers conceptual development; composite structural design and analysis, preliminary design consultation, project management, and supports services. Developed of aerial vehicles intended for surveying and mapping. The company's products use solar-electric configuration, structural, propulsion, and mechanical systems along with aerodynamic advances; enabling clients to get a significant enhancement in range and loiter time relative to current UAV designs.
Digisky is an engineering company with less than 10 employees that develops and produces all stages of avionics systems and equipment for the light aircraft industry. They currently provide services and solutions for the aviation industry, specifically avionics, however they have developed an off-the-shelf product and are moving fast leading a conglomerate of private, public, and university bodies in developing a full Electric Aircraft. The company's services assist avionics systems, special mission aircraft, and advanced aerial monitoring projects and aim to transfer technologies from the ICT and automotive sectors into the general aviation industry.
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