Commercial Electric Aircraft Market Industry Trends and Global Forecasts to 2035: Distribution by Type of Aircraft, Type of Flying Range, Type of Power, Type of Propulsion, Type of Technology, Area of Application and Geographical Regions

The global commercial electric aircraft market size is estimated to grow from USD 113 billion in 2025, to USD 984 billion by 2035, at a CAGR of 21.67% during the forecast period, till 2035.

Commercial electric Aircraft Market: Growth and Trends

Traditional aircraft are recognized as a significant contributor to climate change, noise pollution, and declining air quality. In response to these challenges, commercial electric aircraft are experiencing rapid growth. The shift from conventional fuel tanks to batteries has led to the emergence of commercial electric planes. These aircraft produce zero emissions and significantly reduce noise levels.

Recent advancements in battery technology, particularly the introduction of lithium-ion batteries with high energy density, have resulted in smaller and lighter options. These durable batteries are designed for extended flight times. It is important to note that recharging these aircraft is simpler and quicker compared to traditional models. Commercial electric planes are increasingly preferred due to their low maintenance needs, which considerably cuts down on costs. Additionally, these aircraft demonstrate a remarkable increase in efficiency, offering up to 90% more efficiency than conventional airplanes.

The growth of hybrid commercial electric aircraft has also broadened opportunities in the aviation sector, allowing for a smooth transition between gasoline and battery power. The global market for commercial electric aircraft is anticipated to expand considerably over the coming years, driven by a growing demand for eco-friendly air travel. Further, supportive regulations will be crucial for the advancement of the electric aircraft market. The increasing popularity of air taxis and regional transport aircraft, known for their time-saving and cost-effective benefits, is shaping the future of electric aviation technology.

The implementation of short takeoff and landing (STOL) and vertical takeoff and landing (VTOL) capabilities aims to reduce runway accidents and improve safety, thereby fostering growth in this sector. Moreover, the easy access to electric aircraft components is attracting interest in the electric airline industry. As a result of swift investments in the infrastructure and charging solutions for commercial electric aircraft, the commercial electric aircraft market is projected to experience significant growth during the forecast period.

Report Scope:

Type of Aircraft

• Business Jets
• Regional Transport Aircraft

Type of Flying Range          

• Up to 200 Km
• 200-500 Km
• More than 500Km

Type of Power          

• 100-500 Kw
• More than 500Kw

Type of Propulsion

• Battery Electric (BEV)
• Hybrid Electric (HEV)
• Hydrogen Fuel Cell

Type of Technology

• Conventional Takeoff and Landing (CTOL)
• Short Takeoff and Landing (STOL)
• Vertical Takeoff and Landing (VTOL)

Area of Application

• Air Taxi
• Cargo and Logistics
• Military and Defense

Geographical Regions

• North America
  • US
  • Canada
  • Mexico
  • Other North American countries
• Europe
  • Austria
  • Belgium
  • Denmark
  • France
  • Germany
  • Ireland
  • Italy
  • Netherlands
  • Norway
  • Russia
  • Spain
  • Sweden
  • Switzerland
  • UK
  • Other European countries
• Asia
  • China
  • India
  • Japan
  • Singapore
  • South Korea
  • Other Asian countries
• Latin America
  • Brazil
  • Chile
  • Colombia
  • Venezuela
  • Other Latin American countries
• Middle East and North Africa
  • Egypt
  • Iran
  • Iraq
  • Israel
  • Kuwait
  • Saudi Arabia
  • UAE
  • Other MENA countries
• Rest of the World
  • Australia
  • New Zealand
  • Other countries

Commercial Electric Aircraft Market: Key Segments

Market Share by Type of Aircraft

Based on type of aircraft, the global commercial electric aircraft market is segmented into business jets and regional transport aircraft. According to our estimates, currently, regional transport aircraft segment captures the majority share of the market. This is attributed to the rising incidence of chronic illnesses that require innovative treatment alternatives, along with developments in the trends of implantable commercial electric aircraft.

However, the business jets segment is expected to grow at a relatively higher CAGR during the forecast period. This can be attributed to their cost-effective strategy, enabling companies to reduce fuel expenses by 90% and cut maintenance costs by 50%.

Market Share by Type of Flying Range

Based on type of flying range, the commercial electric aircraft market is segmented into up to 200 km, 200-500 km and more than 500 km. According to our estimates, currently, 200-500 km segment captures the majority of the market. This can be attributed to the specialized batteries that enable seamless short to medium-distance flights. Additionally, the demand for quicker travel options at affordable prices has significantly influenced the electric aircraft sector.

Market Share by Type of Power

Based on type of power, the commercial electric aircraft market is segmented into 100-500 kw and more than 500kw. According to our estimates, currently, 500 kw segment captures the majority share of the market. Additionally, this segment is projected to grow at a higher compound annual growth rate (CAGR) during the forecast period. This growth is primarily due to the ongoing advancements aimed at enabling electric aircraft to perform heavier tasks and accommodate more passengers.

Market Share by Type of Propulsion

Based on type of propulsion, the commercial electric aircraft market is segmented into battery electric (BEV), hybrid electric (HEV) and hydrogen fuel cells. According to our estimates, currently, hybrid electric (HEV) segment captures the majority share of the market. This can be attributed to their ability to minimize emissions and offer an extended range. Additionally, these aircraft do not necessitate new infrastructure, making their implementation straightforward. Importantly, used batteries can be recharged during flight, enhancing the overall performance of the aircraft.

However, the hydrogen fuel cell segment is expected to grow at a relatively higher CAGR during the forecast period. This growth can be attributed to their higher energy density compared to traditional systems. Furthermore, hydrogen fuel cells can be quickly recharged within minutes.

Market Share by Type of Technology

Based on type of technology, the commercial electric aircraft market is segmented into conventional takeoff and landing (CTOL), short takeoff and landing (STOL) and vertical takeoff and landing (VTOL).  According to our estimates, currently, short takeoff and landing (STOL) segment captures the majority share of the market. This can be attributed to the increasing demand for quick and short-distance travel, as it reduces the time needed for takeoff and landing, fulfilling these needs. Moreover, this capability enables access to remote locations lacking long runways.

However, the vertical takeoff and landing (VTOL) segment is expected to grow at a relatively higher CAGR during the forecast period. This growth can be linked to the growing emphasis on reducing runway accidents. Additionally, these aircraft are utilized for aerial photography, mapping, and medical evacuations.

Market Share by Area of Application

Based on area of application, the commercial electric aircraft market is segmented into air taxi, cargo and logistics and military and defense. According to our estimates, currently, short takeoff and landing (STOL) segment captures the majority share of the market. This can be attributed to the rising demand for quicker and more efficient commuting solutions to alleviate traffic congestion. Further, these aircraft facilitate direct, point-to-point travel, removing the need for multiple transfers.

However, the military and defense sector is expected to grow at a relatively higher CAGR during the forecast period. This growth may be linked to their utilization in activities such as reconnaissance, transportation, and logistics. Additionally, they enhance access to remote regions, thereby bolstering defense capabilities.

Market Share by Geographical Regions

Based on geographical regions, the commercial electric aircraft market is segmented into North America, Europe, Asia, Latin America, Middle East and North Africa, and the rest of the world. According to our estimates, currently, North America captures the majority share of the market. This can be attributed to the supportive government regulations aimed at reducing the environmental impact of conventional aircraft. Additionally, the presence of key players like Archer Aviation, Overair, and Jobi Aviation has bolstered the market.

However, the market in Asia is expected to grow at a relatively higher CAGR during the forecast period. This can be attributed to several factors, including increasing investments in research and development in emerging economies such as China, India, and Japan, which will significantly contribute to the market's expansion.

Sample Players in Commercial Electric Aircraft Market Profiled in the Report Include

• Archer Aviation
• Electric Aviation
• Embraer
• Eviation
• Heart Aerospace
• Joby Aviation
• Leonardo
• Lilium
• magniX
• Overair
• SCYLAX
• Supernal
• Thales
• Vertical Aerospace
• Wisk Aero
• Wright Electric

Commercial Electric Aircraft Market: Research Coverage

The report on the commercial electric aircraft market features insights on various sections, including:

• Market Sizing and Opportunity Analysis: An in-depth analysis of the commercial electric aircraft market, focusing on key market segments, including [A] type of aircraft, [B] type of flying range, [C] type of power, [D] type of propulsion, [E] type of technology, [F] area of application and [G] geographical regions.
• Competitive Landscape: A comprehensive analysis of the companies engaged in the commercial electric aircraft market, based on several relevant parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters and [D] ownership structure.
• Company Profiles: Elaborate profiles of prominent players engaged in the commercial electric aircraft market, providing details on [A]  location of headquarters, [B] company size, [C] company mission, [D] company footprint, [E] management team, [F] contact details, [G] financial information, [H] operating business segments, [I] service / product portfolio, [J] moat analysis, [K] recent developments, and an informed future outlook.
• Megatrends: An evaluation of ongoing megatrends in commercial electric aircraft industry.
• Patent Analysis: An insightful analysis of patents filed / granted in the commercial electric aircraft domain, based on relevant parameters, including [A] type of patent, [B] patent publication year, [C] patent age and [D] leading players.
• Recent Developments: An overview of the recent developments made in the commercial electric aircraft market, along with analysis based on relevant parameters, including [A] year of initiative, [B] type of initiative, [C] geographical distribution and [D] most active players.
• SWOT Analysis: An insightful SWOT framework, highlighting the strengths, weaknesses, opportunities and threats in the domain. Additionally, it provides Harvey ball analysis, highlighting the relative impact of each SWOT parameter.

Key Questions Answered in this Report

• How many companies are currently engaged in commercial electric aircraft market?
• Which are the leading companies in this market?
• What factors are likely to influence the evolution of this market?
• What is the current and future market size?
• What is the CAGR of this market?
• How is the current and future market opportunity likely to be distributed across key market segments?

Reasons to Buy this Report

• The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
• Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
• The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.

Additional Benefits

• Complimentary Excel Data Packs for all Analytical Modules in the Report
• 15% Free Content Customization
• Detailed Report Walkthrough Session with Research Team
• Free Updated report if the report is 6-12 months old or older