Electric Aircraft Market Expected to Reach $121.8 Million by 2023, at a CAGR of 4.17% from 2018 to 2023 – Exclusive Report by MarketsandMarkets According to the new market research report on the "Electric Aircraft Market by Aircraft Type (Ultralight Aircraft, Light Jet), Component (Battery, Electric Motor), Technology (Hybrid and All Electric), Range (Less than 500 Km and More than 500 Km), and Region - Global Forecast to 2023", The electric aircraft market is projected to grow from an estimated USD 99.3 Million in 2018 to USD 121.8 Million by 2023, at a CAGR of 4.17% from 2018 to 2023. Low cost of ownership of electric aircraft and advantages of electric aircraft over traditional aircraft are driving the Electric Aircraft Market. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52646445 Target Audience for this Report:
Manufacturers of Electric aircraft Providers or Suppliers of Electric Aircraft Parts Manufacturers of Sub-Components Retailers, Distributors, and Wholesalers of Electric Aircraft Technology Support Providers Manufacturers of Defense Components Manufacturers of Aerospace Components System Integrators Governmental Bodies
Based on range, the less than 500 km segment is projected to lead the electric aircraft market during the forecast period Based on the range, the less than 500 km segment is expected to lead the electric aircraft market during the forecast period. Aircraft can achieve higher range with the introduction of advanced and high capacity batteries in the market. As a result, the electric aircraft with increased range were launched for commercial use. The ultralight electric aircraft available in the market mostly have range from 0 to 500 km. These aircraft are used for recreational and training purposes.