Skip to main content

Hybrid Electric Jet Market Perspective By Comprehensive Analysis Growth Prediction To 2026


The Hybrid Electric Jet market is expected to be valued at about US$ 54.00 million in 2022 and is projected to reach US$ 323.30 million by 2026, exhibiting a CAGR of 56.42% during the forecast period, according to Hybrid Electric Jet Market, By Electric Motor Type (Batteries, Solar Cells, Gas-powered, Ultra Capacitors, and Power Cables), By End User (Industrial and Commercial), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) published by Coherent Market Insights.

Browse more about the research report @ https://www.coherentmarketinsights.com/market-insight/hybrid-electric-jet-market-1510

A hybrid-electric jet is a propulsion system that combines the battery-powered electric motor and an internal combustion engine. Also, it is used as a transition technology that transforms the fossil fuel to electric propulsion. The reduction in the carbon emission from the engine is one of the major factors that is gaining the significant traction over the commercial aircrafts.  Thus, hybrid electric jet is an innovative technology that is used to solve the aviation industries toughest challenges along with improving the environmental performance

Increasing need to reduce carbon footprint and aircraft noise are among the key factor driving growth of the global hybrid electric jet market

The major problem faced by the aviation industry is increase in carbon footprint, which directly affects the climatic condition. Carbon foot print results in increasing the aircraft noise and engine emissions, which directly affects the flying experience in the aircraft. Therefore, the aviation industry are majorly investing in R&D for developing alternate fuel sources. For instance, in 2017, Boeing increased their R&D investment by 58% to incorporate an innovative solution in the aircraft that will help in minimizing the emission of CO2. Hybrid electric jet prolusion system can be used for minimizing the carbon footprint from the climate.

Furthermore, increasing government initiatives regarding the reduction of carbon footprint by adopting certain polices related to environment protection are expected to further influence growth of the hybrid electric jet market. For instance, According to the Energy Information Administration (EIA), in the U.S. the emission of carbon dioxide has reduced to 2.5% in 2015 as compared to 2014. This success is achieved due to the U.S. electricity generation portfolio played a key role decreasing the CO2 emission. Hence, the steps taken to reduce the carbon footprint are expected to drive growth of the hybrid electric jet market over the forecast period.

Key Trends and Analysis of the Global Hybrid Electric Jet Market:

On the basis of region, market in North America region is estimated to account for the largest share in the hybrid electric jet market during the forecast period. Economic growth and expansion of commercial as well as defense aviation are factors driving the North American hybrid electric jet market. North America accounted for 30% of all commercial jets worldwide, in 2016. According to Boeing, in 2016, around 7,060 units of new aircraft were delivered in North America and the region will require 8,640 new airplanes over the next 20 years. Moreover growth of the market in North America is attributed to the rise in demand for fuel-efficient aircraft. According to Boeing, 737 jets were scheduled to be delivered in North America in 2017. These are the factors expected to drive regional market growth over the forecast period.

For sample copy, download PDF @ https://www.coherentmarketinsights.com/insight/request-pdf/1510

Major players operating in the global hybrid electric jet market are Zunum Aero, Boeing HorizonX, Uber Technologies Inc, JetBlue Technology, Siemens AG, Airbus SE, Rolls Royce, Lilium, EasyJet Ltd. and Wright Electric.



Labels:

Comments

Post a Comment

Popular posts from this blog

Top Technologies Shaping Future of Cybersecurity!!

The threat of Cyber attacks are growing day by day across the world hence led big concern on  Cybersecurity. Cyber security includes- Application security, Information security, Network security, Disaster recovery/business continuity planning, Operational security and End-user education Types of cybersecurity threats: Ransomware  Malware  Social engineering Phishing  Artificial Intilligence and Blockchain are the Technologies that will help the cybersecurity to boost. AI-based attacks that will operate completely independently, adapt, make decisions on their own and more.  Blockchains are moving from the realm of just fueling cryptocurrencies like Bitcoin to providing smart contracts, identity management, and multiple ways of proving integrity of data. They may also hold the key to defending against IoT attacks.
Post a Comment
Read more

Nanotech Sensor! Latest Update You Need To Know

Nanotech Sensor Scientists have developed a nanotech sensor that can turns molecular fingerprints into bar codes, according to a study published on June 7, 2018.  This study was conducted by the scientists at the EPFL’s School of Engineering and at Australian National University (ANU). Until now, infrared spectroscopy was the commonly used method to detect and analyze organic compounds. However, it required complicated procedures and large, expensive instruments, which made device miniaturization challenging. This led to the discovery of a compact and sensitive nanophotonic system that can identify a molecule’s absorption characteristics without using conventional spectrometry. Source :  https://www.coherentnews.com/scientists-develop-nanotech-sensor-that-turns-molecular-fingerprints-into-bar-codes/
Post a Comment
Read more

Data Center Virtualization Market by 2026 Capacity, Production, Revenue & Regional Analysis

Data center virtualization is a process of designing, developing or deploying a data center on cloud computing or virtualization technology. Cost saving is one of the major factors for growth of the data center virtualization market. This is owing to the fact that data center virtualization helps to reduce hardware installation, and reduces electricity cost by providing hosted platform. Therefore, it aids small and medium sizes companies to reduce their expenses on IT department. Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/1245 Advantages of disaster recovery provided by data center virtualization plays a key role for growth of market in various vertical such as banking, healthcare, education, and retail. Disaster recovery-as-a-service protects company information and data from disasters by generating multiple backups. Increasing demand for data either structured or unstructured, for analyses of the market trend, customer de...
Post a Comment
Read more