Commercial Electric Aircraft Market Size, Share, By Type (Urban Air Mobility (UAM) Vehicles, Regional Electric Aircraft, Electric Vertical Takeoff and Landing (eVTOL) Aircraft), By Power (100 kW - 500 kW, 500 kW - 2 MW, and >2 MW), By Propulsion System (Battery Electric (BEV), Hybrid Electric (HEV), and Hydrogen Fuel Cell), By Application (Air Taxi, Cargo & Logistics, and Military & Defense) and Region (North America, Europe, Asia Pacific, Middle East and Africa, and South America) - Trends, Analysis and Forecast till 2034

Report Code: PMI527124 | Publish Date: June 2024 | No. of Pages: 187

Commercial Electric Aircraft Market Trends

Growing adoption of Sustainable Practices:

  • A primary driver of the commercial electric aircraft market is the aviation sector's growing emphasis on reducing emissions and promoting environmental sustainability. The aviation sector substantially contributes to greenhouse gas emissions and air pollution through the combustion of fossil fuels by aircraft engines, which releases carbon dioxide, nitrogen oxides, and other hazardous pollutants into the environment.
  • However, because they produce no direct emissions while in flight, electric aircraft that run on batteries or hydrogen fuel cells have a far smaller carbon footprint and better air quality, particularly in cities. This is consistent with global efforts to mitigate climate change and meet legally mandated emission reduction targets.
  • Electric airplanes are also significantly quieter than conventional aircraft since they lack jet engines and propellers. This reduction in noise pollution is particularly beneficial for applications requiring urban air transportation, where aircraft operations in densely populated regions may often cause substantial disturbance.