Global Hybrid Aircraft Market 2017-2021

Overview of the global hybrid aircraft market

Technavio’s market research analyst predicts the global hybrid aircraft market to grow steadily at a CAGR of around 10% by 2021. One of the primary drivers for this market is the intensifying competition among nations to develop advanced aircrafts. Defense and the special forces of various countries are strengthening their countermeasures to combat threats from hostile groups. This is driving the need for advanced military platforms such as hybrid aircraft, which can support military operations during the war, counter-insurgency operations, and humanitarian assistance missions. In an attempt to gain air superiority an increasing number of nations are investing a considerable portion of their budget for the development and upgrade of these platforms. Moreover, it has been observed that focus on the development of a particular platform by any specific country is likely to propel other countries in the similar direction. For instance, initially, only the US, Russia, and a few other countries invested in hybrid aircraft such VTOL. As a result of this growing competition, a number of other countries have shown interest in procuring VTOL jets. Such moves are suggestive of the growing arms race among countries to attain military supremacy, this, in turn, will contribute significantly to the growth of the global hybrid aircraft market during the forecast period.

One of the latest trends gaining traction in this market is the development of electric hybrid planes. The most efficient way to progress in the development of a hybrid model is to drive the propulsion system with the battery pack, which is usually included in most of the airplanes in various forms. Several organizations are investing heavily in the research and development of these battery-operated aircrafts. For instance, in 2015, NASA and Langley Research Centre partnered to develop Greased Lightning or GL-10, a 10-engine electric plane, which is currently in its design and testing phase. It is a battery-powered plane that can take off like a helicopter and fly efficiently like an aircraft. With higher budgets allocation and increasing investments, the electric hybrid planes are expected to propel the global hybrid aircraft market in the coming years.

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Technavio's industry research report titled, - Global Hybrid Aircraft Market, will help you-

• Identify latent opportunities and explorative solutions in the hybrid aircraft market
• Identify your key competition, and what's making them tick?
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Competitive landscape and key vendors

The global hybrid aircraft market is highly consolidated due to the presence of a very few multinational and regional stakeholders. To gain a competitive advantage, vendors compete based on technological advancements, cost, quality, and reliability. players offer heterogeneous products and services, including customized products. Suppliers in the Americas and EMEA have been involved in extensive research for over the past decade and have dominated the market with their technical expertise.

Leading vendors in the market are –

• Aeros
• Airbus
• Boeing
• Hybrid Air Vehicles (HAV)
• Lockheed Martin

Other prominent vendors in the hybrid aircraft market include Northrop Grumman, AUGUR-RosAeroSystems, Linstrand Technologies, and ILC Dover.

Segmentation by technology and analysis of the hybrid aircraft market

• Manned hybrid aircrafts
• Unmanned hybrid aircrafts

During 2016, the manned hybrid aircraft segment dominated the hybrid aircraft market and accounted for a major part of the overall market share. Rapid growth technological innovations such as vertical take-off and landing (VTOL) and long endurance multi-intelligence vehicle (LEMV) are the contributors to the dominance of this segment in the global hybrid aircraft market.

Geographical segmentation and analysis of the hybrid aircraft market

• Americas
• APAC
• EMEA

In this market study, analysts have estimated the Americas to dominate the hybrid aircraft market during the forecast period. Factors such as increasing amount of R&D investments and long-term research are the primary contributors to the dominance of this market in the region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global hybrid aircraft market?
• What are the key market trends impacting the growth of the global hybrid aircraft market?
• What are the challenges to market growth?
• Who are the key vendors in the global hybrid aircraft market?
• What are the market opportunities and threats faced by the vendors in the global hybrid aircraft market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global hybrid aircraft market?

Technavio also offers customization on reports based on specific client requirement.

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