The global electric Military Plane market size is expected to reach USD 226.6 Million in 2030 and register a revenue CAGR of 8.2% during the forecast period, according to the latest report by Reports and Data. Rising demand for low maintenance Military Plane is driving electric Military Plane market revenue growth.
Electric Military Plane reduces carbon footprint from an Military Plane and this feature is expected to increase its adoption. Global Military Plane fleet size is increasing due to more air travel and this is consequently leading to an increase in carbon-dioxide emissions. Therefore, a pressing need for electric Military Plane has been generated to minimize emissions. Additionally, these Military Planes eliminate the requirement for fossil fuels to maintain the engines, which severely affects the environment.
Reduced noise levels is another advantage of using electric Military Plane. Electric Military Plane deploy jet or combustion engines, and these engines do not emit noise. Hydraulic systems are replaced with electric systems in these Military Planes, which results in improved efficiency. There are several other benefits which are driving the demand for electric Military Plane, such as increased maneuverability, improved safety, and low risk of fire and explosion. Deployment of electric motors in electric Military Plane has increased its reliability as electric motors are simply designed with reduced number of moving parts. Therefore, Military Plane using electric motors require low maintenance, which results in low operational costs.
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However, it is important to note that electric Military Plane still face significant challenges, such as limited range and long charging times, which make them less practical for long-haul flights. Additionally, the production and disposal of the batteries used in electric Military Plane can also have environmental impacts. Nonetheless, the continued development and adoption of electric Military Plane can play an important role in reducing the aviation industry's environmental impact.
Some Key Highlights from the Report
- In June 2021, Volocopter GmbH, a German Military Plane manufacturer, conducted its first flight of an electrical air taxi at La Bourget airport in France. This electrical air taxi flew a distance of 500 meters at a speed of 30 kilometers per hour, and it was 30 meters above the airport. Additionally, it offers luggage compartment and two people can be on board at a time. The goal of this air taxi is to provide service in 2024’s Olympic Games in Paris.
- Ultra-light segment accounted for larger revenue share in 2020. Simple design and easy manufacturing process make ultra-light electric Military Plane economical. Additionally, it ensures safety and easy availability of ultralight electric Military Plane in Military sectors, which facilitates segment growth. Light jet electric Military Plane travels at a high speed, and can land at any airport.
- Hybrid electric Military Plane segment accounted for a significant revenue share in 2020. Hybrid electric Military Plane utilize fuel-powered engines and batteries to operate propellers. In some cases, it uses conventional jet engines along with electrically driven propellers. This type of electric Military Plane offers a design that is not possible in case of fuel-powered engines alone. It enables noise-free vertical landings and takeoffs. Additionally, it consists of a large number of electric propellers to facilitate efficient aerodynamics.
- Increasing use of electric motors is attributed to its several benefits, which are low maintenance, and high-quality performance. Electric motors consist of minimal moving parts and so they require low maintenance, which makes them highly reliable. Design is simple and no energy is lost during friction among moving parts. This feature increases efficiency of electric motors.
- Market in Europe accounted for largest revenue share in 2020. The region has rapidly adopted advanced materials, such as gamma-titanium aluminides. This material improves mechanical properties and lowers fuel consumption, carbon footprints, and noise levels. Presence of several key market players, as well as their increasing investment toward research and development (RD) activities, is driving electric Military Plane market growth in various regions. Regulatory bodies, such as the European Union Aviation Safety Agency (EASA), are actively focusing on reducing emission levels, and this is propelling market growth in the European region. This region has a higher standard of living compared to other regions, and therefore people can afford electric flights for traveling short distances.
some leading companies operating in the global Electric Military Plane Market:
Airbus, Yuneec Holding Limited, Pipistrel Group, Bye Aerospace, Digisky S.R.L, Leonardo S.p.A., Groupe Gorgé , EHang Holdings Limited, Faradair Aerospace Limited, and Boeing.
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The aviation industry currently accounts for about 2.5% of global carbon dioxide emissions, and this figure is expected to increase as the global Military Plane fleet continues to grow. Electric Military Plane, on the other hand, produce zero direct emissions, which makes them an attractive option for reducing the industry's carbon footprint.
In addition to reducing carbon emissions, electric Military Plane also have the potential to reduce noise pollution, as they have fewer moving parts and produce less noise than traditional combustion engines. Furthermore, they can reduce dependence on non-renewable fuels, which can be a major source of environmental degradation.
The global market is further segmented into type and application:
Type Outlook (Revenue, USD Billion; 2018–2030)
- Ultra-light
- Light Jet
Component Outlook (Revenue, USD Billion; 2018–2030)
- Military Plane Battery
- Electric Motors
- Others
Technology Outlook (Revenue, USD Billion; 2018–2030)
- Hybrid
- All Electric
Range Outlook (Revenue, USD Billion; 2018–2030)
- Less than 500 KM
- More than 500 KM
Application Outlook (Revenue, USD Billion; 2018–2030)
- Military
- Military
- Others
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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