Commercial Electric Aircraft Market Size Estimated Worth $1,513.77 Million By 2035 | CAGR: 21.6%

The global Commercial Electric Aircraft market size is estimated to reach USD 1,513.77 million by 2035, according to a new study by Polaris Market Research. The report “Commercial Electric Aircraft Market Share, Size, Trends, Industry Analysis Report, By Power (100-500 kW and >500 kW); By Range; By Platform; By Region; Segment Forecast, 2032- 2035” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The rise in worldwide air travel is driving the need for commercial electric aircraft. Developing nations are experiencing a trend where a growing middle class has more disposable income to allocate towards flying. Moreover, the tourism sector is consistently growing, leading to a continuous increase in air travel. As a result, there is a rising demand for aircraft, prompting manufacturers to focus on developing environmentally friendly aircraft. Additionally, the increasing demand from the logistics sector is creating attractive growth prospects for commercial electric aircraft. Emissions from cargo planes have been a worry for the logistics industry. Consequently, companies in this sector are actively investing in commercial electric transportation to reduce carbon dioxide emissions.

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The commercial electric aircraft market has a significant opportunity in infrastructure development, which can fundamentally transform the industry. A robust infrastructure, including charging stations and maintenance facilities, is essential for the widespread adoption of electric aviation and sets the stage for growth and innovation. Investing in infrastructure serves two key purposes. It addresses the critical need to support electric aircraft adoption, overcoming range limitations, and ensuring efficient operations.

Additionally, infrastructure development drives economic growth, job creation, and innovation in clean energy technologies. Collaboration among governments, private enterprises, and technology providers is vital to realizing this opportunity. Strategic partnerships can accelerate the deployment of charging infrastructure, aligning it with the evolving needs of electric aviation. US-based Archer Aviation Inc. and US-based Beta Technologies worked together in November 2023 to create an infrastructure of charging stations suitable for different types of electric aircraft. The first test flights for Archer Aviation Inc.'s and Beta Technologies' electric aircraft have been accomplished, and the aircraft is anticipated to be deployed in 2025.

Commercial Electric Aircraft Market Report Highlights

• The regional transport aircraft segment dominated the market, driven by the linking short to medium haul routes, and transitioning to electric power in this segment is expected to deliver significant cost savings and reduce carbon emissions.
• The 200-500 km segment led the market due to ongoing advancements in electric propulsion technology, which enable increased performance and efficiency.
• North America holds a significant revenue share in the global Commercial Electric Aircraft market, driven by continuous technological advancements, favorable regulations, and a growing emphasis on sustainability.
• The global key market players include Heart Aerospace, Thales, Wright Electric Inc., Eviation, magniX, Joby Aviation, Electric Aviation Group, Embraer, Lilium, Vertical Aerospace, ARCHER AVIATION INC, Leonardo S.p.A. and Wisk Aero LLC. 

Polaris Market Research has segmented the Commercial Electric Aircraft market report based on design, indication, phases, and region:

Commercial Electric Aircraft, Power Outlook (Revenue - USD Million, 2032 - 2035)

• 100-500 kW
• >500 kW

Commercial Electric Aircraft, Range Outlook (Revenue - USD Million, 2032 - 2035)

• > 500 km
• < 200 km
• 200-500 km

Commercial Electric Aircraft, Platform Outlook (Revenue - USD Million, 2032 - 2035)

• Business Jet
• Regional Transport Aircraft
• Others

Commercial Electric Aircraft, Regional Outlook (Revenue - USD Million, 2032 - 2035)

• North America

• U.S.
• Canada

• Europe

• Germany
• UK
• France
• Italy
• Spain
• Russia
• Netherlands
• Rest of Europe

• Asia Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Malaysia
• Australia
• Rest of Asia Pacific

• Latin America

• Argentina
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa

• UAE
• Saudi Arabia
• Israel
• South Africa
• Rest of Middle East & Africa

Commercial Electric Aircraft Market Report Scope