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Hybrid Aircraft Market Trends

  • Report ID: GMI12761
  • Published Date: Dec 2024
  • Report Format: PDF

Hybrid Aircraft Market Trends

The hybrid aircraft industry focuses on combining electric motors with conventional engines to improve efficiency and reduce environmental impact. Leading aerospace companies are working together with electric aviation firms to create new hybrid technologies. These aircraft manufacturers primarily target regional and short-haul routes, where hybrid planes help airlines save fuel and reduce operating costs.
 

The aviation industry sees hybrid aircraft as a crucial step toward fully electric planes, supporting their long-term environmental goals. Current investments in better batteries and lighter materials are making hybrid aircraft increasingly practical. For instance, in September 2023, Rolls-Royce completed the first fuel test of its new small gas turbine engine. The engine, designed for hybrid-electric aircraft propulsion, uses advanced combustion technology to minimize emissions. This milestone demonstrates the effectiveness of the compact turbine, which will serve as a key component in a lightweight turbogenerator system.

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The global market size for hybrid aircraft was valued at USD 1.4 billion in 2024 and is projected to reach USD 11.2 billion by 2034, driven by a CAGR of 23.4% during the forecast period, fueled by the increasing demand for eco-friendly aviation solutions.

The CTOL segment accounted for over 42.5% of the market share in 2024 and is expected to grow significantly, driven by its compatibility with existing infrastructure and advancements in hybrid-electric propulsion systems.

The North America market is expected to exceed USD 5.3 billion by 2034, driven by strong investments in hybrid-electric propulsion technologies and the region's focus on sustainable aviation.

Major players in the industry include Airbus, Ampaire, Electric Aviation Group, Embraer, Faradair Aerospace, General Electric, Heart Aerospace, Pipistrel, RTX, Safran, Voltaero, and XTI Aircraft.

Hybrid Aircraft Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 12
  • Tables & Figures: 220
  • Countries covered: 20
  • Pages: 220
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