Hybrid Electric Aircraft Market Size, Trends and Insights By Components, By Application, By Type, By Technology, By End-Use and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI23450

Published Date: May 2023

Pages: 220+

Category: Aerospace & Defense

Report Snapshot

CAGR: 17%
12.9B
2022
17.33B
2023
30B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Airbus S.A.S.
  • Cranfield Aerospace Solutions
  • Boeing
  • General Electric Company
  • Honeywell International Inc.
  • Others

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Reports Description

The Global Hybrid Electric Aircraft Market was estimated at USD 17.33 billion in 2022 and is anticipated to reach around USD 30 billion by 2030, growing at a CAGR of roughly 17% between 2022 and 2030.

CMI research report offers a 360-degree view of the Hybrid Electric Aircraft market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Hybrid Electric Aircraft market.

  • Unmanned aerial vehicles (UAVs) and miniature aeroplanes propelled by electricity have been in the air since the 1970s. However, the first manned electrically-powered tethered helicopter was made in 1917. In addition, the MB-E1, the world’s first electrically propelled aircraft, made its maiden flight in October 1973. Along with this, numerous electric-powered aircraft prototypes are being created and tested to improve the flying experience.
  • Hybrid-electric propulsion combines an electric propulsion technology with a traditional internal combustion engine system. This propulsion technology minimizes the pollution levels created by air travel because it does not emit dangerous substances into the atmosphere. Series- and parallel-hybrid propulsion are two categories of hybrid-electric propulsion.
  • The development of high-speed propulsion systems designs like ramjet and scramjet propulsion systems is receiving substantial funding from governments. High-speed aircraft can hover at very high speeds thanks to their air-breathing ramjet and scramjet engines.
  • In an effort to lower carbon emissions and improve the sustainability of the aviation industry, US aerospace manufacturer Boeing and Abu Dhabi’s Etihad Airways announced a collaborative program in 2020 that will use the Greenliner, a 787 Dreamliner that has been specially modified.
  • The Research and Markets report found that while all-electric versions are the best aeroplanes to use, the hybrid-electric segment is anticipated to have the hybrid electric aircraft market’s highest compound annual growth rate (CAGR) over the next ten years.

Report Scope

The global Hybrid Electric Aircraft market research report offers an in-depth analysis of the global market size, which is further segmented into regional and country-level market size, and segmentation market growth. Also, it provides the market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations.

The scope of the study includes market sizing and forecast for segmentation by components, application, and geography.

Feature of the Report Details
Market Size in 2023 USD 17.33 Billion
Projected Market Size in 2032 USD 30 Billion
Market Size in 2022 USD 12.9 Billion
CAGR Growth Rate 17% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Components, Application, By Type, By Technology, By End-Use and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Key Market Dynamics

  • The entire market for electric aircraft has increased as a result of an increase in government laws regarding aviation emissions. In addition to the growing demand for fuel cells in electric aircraft, technologically advanced battery materials, and cutting-edge asynchronous propeller technology to meet the wide range of consumer requirements, this factor drives OEMs to concentrate on these aircraft in order to capture newer markets in developed and developing countries. Over the course of the forecast period, the hybrid electric aircraft market share is anticipated to rise globally.
  • The market for hybrid electric aircraft is expected to expand, mostly due to the increased demand for better aircraft performance when using electric technology to reduce carbon emissions.
  • Additionally, the hybrid electric aircraft industry is benefiting from evolving regulatory standards, including emission laws at the national level and carbon emission reduction plans by numerous nations.
  • Also, the increase in airline passengers results in significant numbers of aircraft orders being placed on the market. These aircraft have advantages such as improved manoeuvrability, higher safety, and less noise.
  • By 2040, Norway wants to reduce aviation’s contribution to greenhouse gas emissions by adopting electric-powered aircraft. In order to meet regional demand, the Norwegian government is also asking aircraft manufacturers to create a 30-seat airliner with electric motors that can enter service as early as 2025.
  • Additionally, Zunum Aero, a startup financed by Boeing Co. and JetBlue Airways, predicted in May 2018 that it would produce its first hybrid-electric plane by 2022. As a result, it is anticipated that the market for electric aircraft will expand significantly in the near future due to the rising demand for environmentally friendly, fuel-efficient aircraft.

Global Hybrid Electric Aircraft Market 2023–2032 (By Billion)

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COMPARATIVE ANALYSIS OF THE RELATED MARKET

Hybrid Electric Aircraft

Smart Fleet Management Market

Commercial Aircraft Market

CAGR 17% (Approx)

CAGR 9%

(Approx)

CAGR 4%

(Approx)

US$ 30 billion by 2030

US$ 600 Billion by 2030

USD 344 Billion by 2032

Europe Region to Witness High CAGR in the Hybrid Electric Aircraft Market

  • A select group of multinational corporations, notably GE Aviation, Thales Group, Safran, Raytheon Technologies, and Honeywell International, dominate the hybrid electric aircraft
  • Gamma-titanium aluminides are one of the cutting-edge materials that the area has quickly adopted. This substance enhances mechanical qualities while reducing fuel use, carbon emissions, and noise levels.
  • The existence of many major market competitors and their rising investment in research & development (R&D) initiatives are propelling the expansion of the hybrid electric aircraft market in different geographical areas. Market expansion in the European region is fueled by regulatory organizations actively working on reducing emission levels, such as the European Union Aviation Safety Agency (EASA). People in this region have better economic circumstances than people in other regions. Therefore, they can afford to use electric aircraft for short trips.
  • On the other hand, North America is expected to lead the hybrid electric market in 2021.
  • Electric aircraft are being used more frequently for urban air travel in North America, which is anticipated to fuel market expansion in the region. Electric aeroplanes are being used by many people who care about the environment to fly short distances, driving up demand for the product.
  • The Asia Pacific region’s electric aircraft market is expanding as a result of the presence of numerous major market players and their rising expenditure in R&D activities. The expanding commercial aviation industry boosts demand for electric aircraft in nations like India. Additionally, it is anticipated that China and Japan will contribute significantly to the region’s revenue development.

Global Hybrid Electric Aircraft Market 2023–2032 (By Application)

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Competitive Landscape

Few important market participants at the international and regional levels dominate the competitive landscape of the global market for hybrid electric aircraft. Key players are working on product development and strategic alliances to increase their individual product portfolios and establish a solid foothold in the global market.

The competitive landscape of the Hybrid Electric Aircraft industry gives information about the competitors. The company’s financials, revenue generated, market potential, investment in R&D, global presence, new market initiatives, production capacities, production sites and facilities, company strengths and weaknesses, product release, product width and breadth, and application dominance are among the details that are included. The data points mentioned above only pertain to the companies’ market focus on Hybrid Electric Aircraft.

  • 2022: A research and development collaboration between Airbus and Renault Group aims to increase “transversalities and synergies” to hasten both businesses’ electrification roadmaps and strengthen their respective product lines. Through this agreement, Airbus will be able to explore technologies for upcoming hybrid-electric aircraft.
  • 2022: The Brazilian aircraft manufacturer Embraer showcased two new designs for hybrid electric and hydrogen-electric aircraft as part of its goal to achieve net-zero emissions by 2050.

Global Hybrid Electric Aircraft Market 2023–2032 (By Technology)

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List of the prominent players in the global Hybrid Electric Aircraft market:

  • Airbus S.A.S.
  • Cranfield Aerospace Solutions
  • Boeing
  • General Electric Company
  • Honeywell International Inc.
  • GKN Aerospace Services Limited
  • Israel Aerospace Industries Ltd.
  • Lockheed Martin Corporation
  • Rolls-Royce Holdings plc.
  • Safran S.A.
  • MagniX
  • Siemens AG
  • Leonardo S.p.A
  • Raytheon Technologies Corporation
  • Others

The global Hybrid Electric Aircraft market is segmented as follows:

By Components

  • Batteries
  • Motors
  • Others

By Application

  • Commercial
  • Military

By Type

  • Rotastat Hybrid Aircrafts
  • Dynastat Hybrid Aircrafts

By Technology

  • Manned Hybrid Aircrafts
  • Unmanned Hybrid Aircrafts

By End-Use

  • Manned Hybrid Aircrafts
  • Unmanned Hybrid Aircrafts

By Region

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Hybrid Electric Aircraft Market, (2023 – 2022) (USD Billion)
    • 2.2 Global Hybrid Electric Aircraft Market : snapshot
  • Chapter 3. Global Hybrid Electric Aircraft Market – Industry Analysis
    • 3.1 Hybrid Electric Aircraft Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Increased number of passengers
      • 3.2.2 Modern technology
      • 3.2.3 Creative aircraft are being adopted.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Components
      • 3.7.2 Market attractiveness analysis By Application
  • Chapter 4. Global Hybrid Electric Aircraft Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Hybrid Electric Aircraft Market: company market share, 2032
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Hybrid Electric Aircraft Market – Components Analysis
    • 5.1 Global Hybrid Electric Aircraft Market overview: By Components
      • 5.1.1 Global Hybrid Electric Aircraft Market share, By Components, 2032 and 2022
    • 5.2 Batteries
      • 5.2.1 Global Hybrid Electric Aircraft Market by Batteries, 2023 – 2022 (USD Billion)
    • 5.3 Motors
      • 5.3.1 Global Hybrid Electric Aircraft Market by Motors, 2023 – 2022 (USD Billion)
    • 5.4 Others
      • 5.4.1 Global Hybrid Electric Aircraft Market by Others, 2023 – 2022 (USD Billion)
  • Chapter 6. Global Hybrid Electric Aircraft Market – Application Analysis
    • 6.1 Global Hybrid Electric Aircraft Market overview: By Application
      • 6.1.1 Global Hybrid Electric Aircraft Market share, By Application, 2032 and 2022
    • 6.2 Commercial
      • 6.2.1 Global Hybrid Electric Aircraft Market by Commercial, 2023 – 2022 (USD Billion)
    • 6.3 Military
      • 6.3.1 Global Hybrid Electric Aircraft Market by Military, 2023 – 2022 (USD Billion)
  • Chapter 7. Hybrid Electric Aircraft Market – Regional Analysis
    • 7.1 Global Hybrid Electric Aircraft Market Regional Overview
    • 7.2 Global Hybrid Electric Aircraft Market Share, by Region, 2032 & 2022 (USD Billion)
    • 7.3. North America
      • 7.3.1 North America Hybrid Electric Aircraft Market, 2023 – 2022 (USD Billion)
        • 7.3.1.1 North America Hybrid Electric Aircraft Market, by Country, 2023 – 2022 (USD Billion)
    • 7.4 North America Hybrid Electric Aircraft Market, by Components, 2023 – 2022
      • 7.4.1 North America Hybrid Electric Aircraft Market, by Components, 2023 – 2022 (USD Billion)
    • 7.5 North America Hybrid Electric Aircraft Market, by Application, 2023 – 2022
      • 7.5.1 North America Hybrid Electric Aircraft Market, by Application, 2023 – 2022 (USD Billion)
    • 7.6. Europe
      • 7.6.1 Europe Hybrid Electric Aircraft Market, 2023 – 2022 (USD Billion)
        • 7.6.1.1 Europe Hybrid Electric Aircraft Market, by Country, 2023 – 2022 (USD Billion)
    • 7.7 Europe Hybrid Electric Aircraft Market, by Components, 2023 – 2022
      • 7.7.1 Europe Hybrid Electric Aircraft Market, by Components, 2023 – 2022 (USD Billion)
    • 7.8 Europe Hybrid Electric Aircraft Market, by Application, 2023 – 2022
      • 7.8.1 Europe Hybrid Electric Aircraft Market, by Application, 2023 – 2022 (USD Billion)
    • 7.9. Asia Pacific
      • 7.9.1 Asia Pacific Hybrid Electric Aircraft Market, 2023 – 2022 (USD Billion)
        • 7.9.1.1 Asia Pacific Hybrid Electric Aircraft Market, by Country, 2023 – 2022 (USD Billion)
    • 7.10 Asia Pacific Hybrid Electric Aircraft Market, by Components, 2023 – 2022
      • 7.10.1 Asia Pacific Hybrid Electric Aircraft Market, by Components, 2023 – 2022 (USD Billion)
    • 7.11 Asia Pacific Hybrid Electric Aircraft Market, by Application, 2023 – 2022
      • 7.11.1 Asia Pacific Hybrid Electric Aircraft Market, by Application, 2023 – 2022 (USD Billion)
    • 7.12. Latin America
      • 7.12.1 Latin America Hybrid Electric Aircraft Market, 2023 – 2022 (USD Billion)
        • 7.12.1.1 Latin America Hybrid Electric Aircraft Market, by Country, 2023 – 2022 (USD Billion)
    • 7.13 Latin America Hybrid Electric Aircraft Market, by Components, 2023 – 2022
      • 7.13.1 Latin America Hybrid Electric Aircraft Market, by Components, 2023 – 2022 (USD Billion)
    • 7.14 Latin America Hybrid Electric Aircraft Market, by Application, 2023 – 2022
      • 7.14.1 Latin America Hybrid Electric Aircraft Market, by Application, 2023 – 2022 (USD Billion)
    • 7.15. The Middle-East and Africa
      • 7.15.1 The Middle-East and Africa Hybrid Electric Aircraft Market, 2023 – 2022 (USD Billion)
        • 7.15.1.1 The Middle-East and Africa Hybrid Electric Aircraft Market, by Country, 2023 – 2022 (USD Billion)
    • 7.16 The Middle-East and Africa Hybrid Electric Aircraft Market, by Components, 2023 – 2022
      • 7.16.1 The Middle-East and Africa Hybrid Electric Aircraft Market, by Components, 2023 – 2022 (USD Billion)
    • 7.17 The Middle-East and Africa Hybrid Electric Aircraft Market, by Application, 2023 – 2022
      • 7.17.1 The Middle-East and Africa Hybrid Electric Aircraft Market, by Application, 2023 – 2022 (USD Billion)
  • Chapter 8. Company Profiles
    • 8.1 Airbus S.A.S.
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 Cranfield Aerospace Solutions
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Boeing
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 General Electric Company
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Honeywell International Inc.
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 GKN Aerospace Services Limited
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Israel Aerospace Industries Ltd.
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Lockheed Martin Corporation
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Rolls-Royce Holdings plc.
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Safran S.A.
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 MagniX
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 Siemens AG
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments
    • 8.13 Leonardo S.p.A
      • 8.13.1 Overview
      • 8.13.2 Financials
      • 8.13.3 Product Portfolio
      • 8.13.4 Business Strategy
      • 8.13.5 Recent Developments
    • 8.14 Raytheon Technologies Corporation
      • 8.14.1 Overview
      • 8.14.2 Financials
      • 8.14.3 Product Portfolio
      • 8.14.4 Business Strategy
      • 8.14.5 Recent Developments
    • 8.15 Others.
      • 8.15.1 Overview
      • 8.15.2 Financials
      • 8.15.3 Product Portfolio
      • 8.15.4 Business Strategy
      • 8.15.5 Recent Developments
List Of Figures

Figures No 1 to 19

List Of Tables

Tables No 1 to 52

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Players

  • Airbus S.A.S.
  • Cranfield Aerospace Solutions
  • Boeing
  • General Electric Company
  • Honeywell International Inc.
  • GKN Aerospace Services Limited
  • Israel Aerospace Industries Ltd.
  • Lockheed Martin Corporation
  • Rolls-Royce Holdings plc.
  • Safran S.A.
  • MagniX
  • Siemens AG
  • Leonardo S.p.A
  • Raytheon Technologies Corporation
  • Others

FAQs

“North America” region will lead the global Hybrid Electric Aircraft market during the forecast period 2023 to 2032.

The key factors driving the market are increased number of passengers, modern technology and creative aircraft are being adopted.

The key players operating in the Hybrid Electric Aircraft market are Airbus S.A.S., Cranfield Aerospace Solutions, Boeing, General Electric Company, Honeywell International Inc., GKN Aerospace Services Limited, Israel Aerospace Industries Ltd., Lockheed Martin Corporation, Rolls-Royce Holdings plc., Safran S.A., MagniX, Siemens AG, Leonardo S.p.A, Raytheon Technologies Corporation, Others.

The global Hybrid Electric Aircraft market is expanding growth with a CAGR of approximately 17% during the forecast period (2023 to 2032).

The global Hybrid Electric Aircraft market size was valued at USD 11 Billion in 2022 and it is projected to reach around USD 30 Billion by 2032.

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