Electric Airplane Market Size
Electric Airplane Market Size was valued at US$ 12.0 billion in 2024 and is expected to grow at a CAGR of 21.1% to reach US$ 58.3 billion by 2034
Electric Airplanes, powered by electric motors, can be supplied by various sources, including batteries, solar power, fuel cells, power beaming, and ground power lines. Consequently, there is a growing demand for powered electric aircraft. Air pollution, noise pollution, and hazardous emissions reduction are more areas where electric aircraft have a lot of promise. Comparatively speaking, electric motors require less maintenance and running. Because of these prospective advantages, electric aircraft are more alluring than fuel-powered ones. There is also the view that this airplane is environmentally beneficial.
Both affluent and developing nation governments are concerned about greenhouse gas emissions, particularly carbon emissions. This factor is anticipated to support the expansion and growth of the global market for electric aircraft over the forecast period. However, a significant barrier must be overcome to attain the range of distances covered by fossil fuels: the use of electric batteries that weigh thirty times more than their present fuel intake. The more electric aircraft market (MEA) and major scientific breakthroughs in this sector are facilitating the transfer to totally electric flight, ensuring the future of electric aviation.