eSTOL Aircraft Market (Aircraft Type - Light Commercial Aircraft, Passenger Based Aircraft, and Cargo Based Multi Model Aircraft; Range - Under 100 KM, 100- 400KM, and Over 400 KMs; Class of Propulsion - Electric based Aircraft, and Hybrid based Aircraft): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

eSTOL Aircraft Market (Aircraft Type - Light Commercial Aircraft, Passenger Based Aircraft, and Cargo Based Multi Model Aircraft; Range - Under 100 KM, 100- 400KM, and Over 400 KMs; Class of Propulsion - Electric based Aircraft, and Hybrid based Aircraft): Global Industry Analysis, Trends, Size, Share and Forecasts to 2030

Report Code: IGR01559 Category: Automotive, Aerospace & Defence Published: April, 2024

A recent report published by Infinium Global Research on eSTOL aircraft market provides in-depth analysis of segments and sub-segments in the global as well as regional eSTOL aircraft market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional eSTOL aircraft market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global eSTOL aircraft market.

Market Insight:

The global eSTOL aircraft market is projected to grow at a CAGR of 21.52% between 2023 and 2030, expanding from USD 6,591.40 million in 2022 to USD 31,318.45 million in 2030. The global eSTOL aircraft market features the orders of the eSTOL aircraft to be manufactured over the period of 2022 to 2030.

The global eSTOL aircraft market features the orders of the eSTOL aircraft to be manufactured over the period of 2022 to 2030. An Electric Short Take-off and Landing (eSTOL) aircraft is a type of STOL aircraft that uses battery technology and electricity to achieve propulsive power. This allows the aircraft to take off and land on runways that are shorter than average. Similar to STOLs, eSTOLs only need a short distance to achieve maximum take-off speed and become airborne. With advancements in battery technology, it is now possible to electrify or hybridize the conventional design of STOLs while maintaining the requirement of a short runway.

The report finds out that the innovation of new aircraft and the growing need for sustainable and fast transportation are the key trends in the market. The need for economically affordable and environmentally friendly vehicles is on the rise and has paved opportunities for electric short take-off vehicles that can be used for both public and commercial transport solutions. Currently, the leading eSTOL aircraft manufacturer Electra is working on expanding their production facilities and focusing on increasing the sale of the aircraft.

The report identifies the opportunities in developed markets such as the U.S., Canada, Germany, and Saudi Arabia among others. Moreover, several countries with dense traffic issues are likely to create significant opportunities for eSTOL aircraft over the next six years.

Research Methodology Brief:

This research has been performed by using excessive primary and secondary research methods. The primary research has been conducted by interviewing several executives and consultants operating in the eSTOL and allied industries. The information has also been collected using the questionnaires to collect the required information. Moreover, the secondary research has helped us validate the research findings through primary research. The analysts have browsed through several industry publications and company publications about new product developments and revenues/orders.

The market size has been identified and triangulated using both bottom-up and top-down approaches. In the bottom-up approach, the revenue of the company operating in the market have been identified based on the orders it has received, revenue generated through orders, and the number of eSTOLs delivered or operating. This helped us to accumulate the regional market size followed by the global market size. While performing a top-down approach the global estimated market size was split among the regions and the key segments in the market. The revenues were distributed among the sub-segments in the eSTOL market in the regional market such as North America, Europe, Asia-Pacific, Latin America, and the Middle East. The revenue distribution in the segments was based on the orders/revenues of the aircraft in each segment and each region. This approach helped us to triangulate the market and estimate the global as well as regional market size of the eSTOL aircraft market.

Key Insights into the Study:

The rising demand for sustainable regional air mobility drives the demand for the eSTOL aircraft market. Regional air mobility is the use of smaller regional airports to carry passengers and cargo by air across a distance of around 150 to 800 km in 5 to 50-passenger aircraft (or the corresponding size for cargo). According to the European Regions Airline Association, regional air traffic will represent 8 to 13 percent of global air traffic in 2035, compared to 5 percent currently. Additionally, the rise in regional air traffic is leading to carbon emissions. This rising carbon emission from aviation has paved the way for unique and sustainable air mobility solutions, including eSTOL aircraft. Various regional air mobility providers have identified this trend and currently are investing in eSTOL aircraft. For instance, Surf Air Mobility Inc., a leading green regional air mobility platform has partnered with Electra to bring affordable, sustainable, and easily accessible regional air travel to a wide range of customers. The partnership aims to leverage Electra\'s hybrid-electric short takeoff and landing (eSTOL) aircraft on Surf Air\'s technology-driven, on-demand air mobility platform, as well as Surf Air\'s Aircraft-as-a-Service (ACaaS) providing to air operators. Additionally, the company has secured preferred delivery positions on 90 eSTOL aircraft from Electra for integration into the Surf Air national flight network including Southern Airways Express and Mokulele Airlines.

The rise in middle-mile delivery is expected to stimulate the growth of the eSTOL aircraft market. Owing to the rapid internet penetration and urbanization, the e-commerce market is growing across the globe. This growing e-commerce market is expected to increase the demand for middle-mile delivery logistics. In the middle-mile delivery, the eSTOL aircraft can provide sustainable and efficient delivery services that span the distance between local delivery hubs, fulfillment facilities, and distribution centers, ranging from 50 to 200 miles. For instance, the Airflow company, which was later acquired by Electra, was developing eSTOL aircraft for passenger and middle-mile logistics.

However, infrastructure challenges can hamper the growth of the eSTOL market. The eSTOL aircraft require a suitable landing infrastructure, especially along the new routes that are being proposed and in metropolitan areas. The establishment of appropriate runways that can handle eSTOL aircraft is necessary for their growth and operation. Furthermore, the expected rise in lower-level aviation traffic in urban areas makes the implementation of modern guidance systems imperative. This involves developing complex software for traffic management and navigation in addition to installing a variety of hardware elements including emergency landing zones, visual reference points, sensors, and lighting. Nonetheless, the rising investment from the government and private organizations in the eSTOL aircraft creates an opportunity for the market to grow. More financing enables eSTOL firms to devote more resources to improving their technologies. This can result in quicker development cycles, better eSTOL vehicle performance, and cheaper operating costs.

Global eSTOL Market Size, Trends, Industry Report 2030 | IGR

Based on the region North America accounted for the largest market share in terms of revenue of the Global eSTOL aircraft market. The region constituted 67.83% of the market share in 2022 and is projected to increase up to 68.20% by the end of the forecast period 2023-2030. North America generated USD 4,470.95 Million in revenue in 2022 and it is projected to reach USD 21,358.87 Million in 2030. It is expected to grow at the highest CAGR of 21.61% over a forecasted period of 2023-2030. The North American market for eSTOL (electric Short Takeoff and Landing) aircraft is experiencing a surge in demand primarily due to growing interest in sustainable transportation solutions that minimize carbon emissions and noise pollution. Moreover, the increase in demand for urban air mobility solutions is further creating opportunities for the eSTOL aircraft in the North America region. eSTOL aircraft present a potential solution to chronic traffic congestion in major US cities.

Report Scope of the eSTOL Aircraft Market:

Report Coverage Details
Market Size in 2022 USD 6,591.40 Million
Market Size by 2030 USD 31,318.45 Million
Growth Rate from 2023 to 2030 CAGR of 21.52%
Largest Market North America
No. of Pages 255
Market Drivers
  • The rising demand for sustainable regional air mobility drives the demand for the eSTOL aircraft market.

  • The rise in middle-mile delivery drives the growth of the eSTOL aircraft.

Market Segmentation By Aircraft Type, By Range, and By Class of Propulsion
Regional Scope North America, Europe, Asia Pacific, and RoW

Segment Covered

The report on global eSTOL aircraft market covers segments such as aircraft type, range, and class of propulsion. On the basis of aircraft type, the sub-markets include light commercial aircraft, passenger based aircraft, and cargo based multi model aircraft. On the basis of range, the sub-markets include under 100 km, 100- 400km, and over 400 kms. On the basis of class of propulsion, the sub-markets include electric based aircraft, and hybrid based aircraft.

Companies Profiled:

The report provides profiles of the companies in the market such as, and Company 2.

Report Highlights:

The report provides deep insights into 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 the eSTOL aircraft market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. 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.

Frequently Asked Questions (FAQ's)

The global eSTOL aircraft market was valued at USD 6,591.40 Million in 2022.
It is likely to grow at a CAGR of 21.52% during the forecast period 2023-2030.
The global eSTOL aircraft market is estimated to reach USD 31,318.45 Million by the end of 2030.
North America is anticipated to exhibit high demand for eSTOL aircraft market during the forecast period., and Company 2.

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