The Electric Aircraft Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Electric Aircraft Market?
The market size of the electric aircraft has seen rapid growth recently. It was projected to increase from $10.21 billion in 2024 to $11.68 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 14.4%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Electric Aircraft Industry?
The electric aircraft market is anticipated to expand to a size of $19.42 billion by 2029, experiencing a compound annual growth rate (CAGR) of 13.5%.
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What are the Key Growth Drivers Fueling the Electric Aircraft Market?
The key drivers in the electric aircraft market are:
• Increasing global air traffic
• Advancements in energy storage technologies
• Regulatory support and certification processes
• Global efforts to achieve net-zero emissions
Global Market Segmentation: Identifying Major Electric Aircraft Industry Segments
The electric aircraft market covered in this report is segmented –
1) By Type: Fixed Wing, Rotary Wing, Hybrid Wing
2) By Technology: CTOL, STOL, VTOL
3) By System: Batteries, Electric Motors, Aerostructures, Avionics, Software, Other Systems
4) By Platform: Regional Transport Aircraft, Business Jets, Light And Ultralight Aircraft
5) By Application: Commercial, Military, Other Applications
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What are the Emerging Trends Shaping the Future of the Electric Aircraft Market?
The key trends in the electric aircraft market are:
• The development of regional and short-haul electric aircraft is a key emerging trend.
• Advancements in battery technology are shaping the future of the electric aircraft market.
• Hybrid electric aircraft solutions are turning out to be a significant trend.
• An increased focus on noise reduction and increased investments in electric aviation are also undergoing trends.
Who Are the Top Competitors & Leading Players in the Electric Aircraft Market?
Major companies in the electric aircraft market are:
• Airbus Yuneec Holding Limited
• The Boeing Company
• Lilium GmbH
• Safran SA
• Bye Aerospace Inc.
• Honeywell International Inc.
• Rolls-Royce Holding PLC
• Aerospace Limited
• Electric Aircraft Corporation
• Aero Electric Aircraft Corp.
• Airspace Experience Technologies LLC
• Ampaire Inc.
• BAE Systems PLC
• Beta Technologies Inc.
• Blackbird Aero
• Cessna Aircraft Company
• DigiSky SkySpark
• Electravia SARL
• Elroy Air Technologies Inc.
• Eviation Aircraft Ltd.
• Flight Design General Aviation GmbH
• Harbour Air Seaplanes
• Heart Aerospace AB
• Joby Aviation Inc.
• Lange Aviation GmbH
• Pipistrel d.o.o Ajdovscina
• RTX Corporation
• Siemens AG
• Vertical Aerospace Ltd.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the electric aircraft market in 2024
