Electric Aircraft Market Poised for Soaring Growth, Expected to Reach $37.2 Billion by 2030

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Electric Aircraft Market Poised for Soaring
Growth, Expected to Reach 37.2 Billion by
2030 In the dynamic landscape of Aviation, the
Electric Aircraft Market is set to achieve
unprecedented growth, projecting a remarkable
worth of 37.2 billion by 2030. The market,
currently valued at USD 8.8 billion in 2022, is
anticipated to
experience a Compound
robust Annual

• Growth Rate (CAGR) of 19.8 during the
  forecast period, propelled by the escalating
  demand for sustainable and low- emission
  transportation alternatives.
• Key Market Insights
• Leading the Charge
• Light and Ultralight Aircraft Take Centre Stage
• The report identifies the light and ultralight
  aircraft segment as the torchbearer in the
  electric aircraft market throughout the forecast
  period. While developments are vigorously
  underway in the light aircraft domain, the
  introduction of larger aircraft catering to
  regional transport and business jets is
  anticipated by late 2026 and early 2027.
• Download PDF Brochure _at_ https//www.marketsandmar
  kets.com/pdfdownloadNew.asp?id52646445 Vertical
  Take-off and Landing (VTOL) Dominance in
  Technology Adoption
• The VTOL segment is forecasted to secure the
  largest market share in technology adoption
  during the forecast period. Electric propulsion
  is notably prevalent in rotary wing Unmanned
  Aerial Vehicles (UAVs), and the design focus for
  Advanced Air Mobility (AAM) eVTOLs is primarily
  directed towards VTOL capabilities. Industry
  frontrunners like Joby (US), Volocopter
  (Germany), and Ehang (China) are actively
  engaged in the development of eVTOL aircraft,
  contributing to the prominence of VTOL
  technology.
• North America Takes the Lead Largest Market
  Share Anticipated
• The North American region emerges as the
  epicentre of the electric aircraft market,
  expected to witness the largest market share
  among all regions. With countries like the US
  and Canada investing significantly in advancing
  transportation technologies, the US stands out
  as a global leader with the largest electric
  aircraft Original

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Equipment Manufacturers (OEMs). Furthermore, the
US serves as an early adopter and implementer of
the electric aircraft ecosystem across various
regions. Major Key Market Players Steering the
Industry Toward Electrification The electric
aircraft market is navigated by major players
such as Airbus SE (France), Eve Air Mobility
(Brazil), Joby Aviation (US), Vertical Aerospace
(UK), and Lilium N.V. (Germany). These key
players are at the forefront, offering
cutting-edge electric aircraft and services,
contributing significantly to the evolution of
the industry and meeting the demands of various
stakeholders. Ask for Sample Report _at_
https//www.marketsandmarkets.com/requestsampleNew
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