Hybrid Electric Jet Market Analysis | CMI

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HYBRID ELECTRIC JET MARKET ANALYSIS

• Hybrid Electric Jet Market, By Electric Motor
  Type (Batteries, Solar Cells, Gas-powered, Ultra
  Capacitors, and Power Cables), By End User
  (Industrial and Commercial), and By Region -
  Global Industry Insights, and Forecast till 2026
• The aviation industry is focused in reducing the
  fuel use and carbon emissions by manufacturing
  lightweight plane, efficient engines, and
  airlines using the biofuel blends for better
  traffic flow management. For instance, according
  to Coherent Market Insights analysis, the
  aviation produces around 2 of the worlds carbon
  emissions. Therefore, to reduce the emissions,
  many of the companies such as Zunum Aero,
  JetBlue Technology are planning for the
  low-carbon flying future.

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Hybrid Electric Jet Market Key Driving Factor

• Decrease in the green gas emissions is the major
  factor driving growth of the global Hybrid
  Electric Jet Market
• Decreasing the green gas emissions such as carbon
  dioxide, methane, nitrous oxide and among others
  is the major factor driving growth of the global
  hybrid electric jet market. The jets using
  conventional motors results in green gas
  emissions, which is the major environmental
  concerns. For instance, according to the Europe
  Aviation Safety Agency (ESEA), utilization of
  electric engines in the jet is expected to reduce
  75 of Carbon Dioxide (CO2) and 90 of Nitrous
  Oxide (NOx) along with reduction in the noise
  levels to 65 by 2050. Furthermore, according to
  the Flightpath 2050 plan, the European Commission
  aims to reduce carbon dioxide emissions by 60,
  nitrogen oxide pollution by 90, and noise
  reduction of 75. Moreover, apart from the
  environmental benefits, a hybrid electric jets
  could benefit in saving the carriers money on the
  fuel costs. Also, it reduces the noise pollution,
  as they are quieter and also enables the carriers
  to fly more at night especially in airports close
  to city centers, which in turn is positively
  influencing growth of the market.

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Hybrid Electric Jet Market Restraint

• Major factor restraining growth of the market is
  increasing cost of operations such as cost of the
  lithium-ion battery packs in the electric
  engines.

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Figure Global Hybrid Electric Jet Market Value
(US Million), by Region, 2026
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Global Hybrid Electric Jet Market Regional
Insights

• On basis of region, the global hybrid electric
  jet market is segmented into North America,
  Europe, Asia Pacific, Latin America, Middle East,
  and Africa. Europe is expected to exhibit the
  highest growth in the market during the forecast
  period, owing to the presence of large number of
  manufacturers such as Airbus SE, Rolls Royce,
  Siemens AG, Boeing, and EasyJet. Europe is
  projected to retain its dominance in market over
  the forecast period, owing to increasing number
  of manufactures, collaboration, and partnerships.
  
• For instance, in November 2017, the European
  manufacturers Airbus SE, Rolls Royce, and Siemens
  AG collaborated to build a hybrid electric plane
  called E-FAN X, which will be based on the
  modified 100-seat British Aerospace 146 (BAe146)
  regional aircraft. This modification includes
  replacement of the conventional motor with the
  two megawatt electric motor.

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• Moreover, the Airbus will be responsible for
  integrating the engines with flight controls,
  Rolls Royce will improve the turbo-shaft engine
  with the two megawatt generator, and power
  electronics. Moreover, the generator and power
  electronic systems will be integrated to reduce
  the weight of the aircraft. Siemens will be
  responsible for delivering the power distribution
  network. The turbine powering the generator will
  operate on the jet fuel, which will provide the
  power for electric engine.
• Moreover, any excess power from the generator
  will be stored in banks of batteries with the
  stored energy to be used during take-off and
  landing. Furthermore, in September 2017, EasyJet,
  a major European carrier, started working with
  U.S. startup Wright Electric to build an
  all-electric airliner within a decade.

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Key companies

• The major players operating in the hybrid
  electric jet market include Zunum Aero, Boeing
  HorizonX, Uber Technologies Inc, JetBlue
  Technology, Siemens AG, Airbus SE, Rolls Royce,
  Lilium, EasyJet Ltd., and Wright Electric.

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