A recent report published by Infinium Global Research on hybrid aircraft market provides in-depth analysis of segments and sub-segments in the global as well as regional hybrid aircraft market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional hybrid aircraft market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global hybrid aircraft market. According to the report, the global hybrid aircraft market is projected to grow at a CAGR of 14.2% over the forecast period of 2019-2025.
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. Introduction of battery-driven aircraft is likely to contribute to the growth of hybrid aircraft market. However, 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.
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 towards 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.
The report on global hybrid aircraft market covers segments such as technology, and applications. On the basis of technology, the sub-markets include manned hybrid aircraft, and unmanned hybrid aircraft. On the basis of applications, the sub-markets include commercial aviation, defense, and other applications.
The report provides profiles of the companies in the market such as Northrop Grumman Corporation, Lockheed Martin Corporation, ILC Dover, LP, Hybrid Air Vehicles Limited, The Boeing Company, Airbus Group SAS, and Augur-RosAeroSystems.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of hybrid aircraft market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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