The latest report on Hybrid Aircraft Market by Infinium Global Research gives complete coverage of the Hybrid Aircraft Market by in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Hybrid Aircraft such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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The Introduction of Battery-Driven Aircraft is Likely to Contribute to the Growth of the Hybrid Aircraft Industry
The air traffic is growing and, likewise, the emission of carbon dioxide (CO2), the main responsible gas of global warming. Thus, introducing hydride aircraft in order to save fuel, reduction of gas emissions, and air pollution. Additionally, hybrid aircraft are quieter, more efficient and cost much less to fly and maintain connecting communities, making skies quieter. With the growing need for energy conservation and environmental protection have a positive impact on the growth of hybrid aircraft market.
The introduction of battery-driven aircraft is likely to contribute to the growth of the hybrid aircraft market. However, the high development cost of hybrid aircraft is expected to hamper the growth of the market over the forecast period. Furthermore, market players operating in the global hybrid aircraft market are investing in the development of new aircraft. For instance, Hybrid Air Freighters signed a letter of Intent to purchase up to 12 Lockheed Martin Hybrid Airships, at a total value of around $500 million.
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High Development Cost of Hybrid Aircraft is Expected to Hamper the Growth of the Market Over the Forecast Period
Among the geographies, the global hybrid aircrafts market is segmented into North America, Europe, Asia-Pacific RoW. North America is accounted to hold the largest share in the global hybrid aircrafts market followed by Europe. The growth of this region is attributed to the growing investment in the aerospace and defense sector by the U.S. Moreover, strategic partnership in Europe is the major factor contributing to the growth of the market.
For instance, Airbus, Rolls-Royce, and Siemens have announced plans to collaborate on a hybrid-electric test aircraft that will fly by 2020. Further, developing countries such as China, India, and South Korea in the Asia-Pacific region is anticipated to witness a growing market share in the hybrid aircrafts industry. Additionally, an increasing economy in this region is contributing to the regional growth of the market.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Hybrid Aircraft.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.