The Hybrid Electric Jet Market is expected to grow at a CAGR of 12.2 percent from 2022 to 2030

The Hybrid Electric Jet Market is expected to grow at a CAGR of 12.2 percent from 2022 to 2030, from USD 3.4 billion in 2022 to USD 8.6 billion in 2030. In the coming years, the industry is projected to be driven by an increased focus on decreasing carbon emissions and aeroplane noise.


The propulsion systems segment is projected to lead the Hybrid Electric Jet Market

The propulsion systems segment is expected to lead the aircraft electrification market by 2030, based on system. Propulsion system electrification is projected to increase take-off and climb power, resulting in an efficient electrical substitute for a standard turbofan with a 2-megawatt liquid-cooled electric motor.Electric propulsion's rising adoption is predicted to significantly cut fuel consumption, resulting in lower emissions.

The business & general aviation segment is projected to grow at the highest CAGR during the forecast period

The market for business and general aviation aircraft is being driven by increased aircraft electrification activities for shorter range aircraft. Due to the current market's restricted supply of high-capacity batteries, most of the research and development is focused on the business and general aviation segments.The expansion of the business and general aviation market is likely to be aided by several efforts announced by regulating bodies aimed at developing emission-free domestic air travel.

Europe estimated to account for the largest share of the Hybrid Electric Jet Market in 2022

Europe is a significant prospective market for aeroplane electrification. Increased demand for Hybrid Electric Jets in nations such as France, Germany, the United Kingdom, and Switzerland, among others, is owing to a rise in carbon emissions as a result of increased passenger trafficGovernment agencies like the European Union Aviation Safety Agency (EASA), the European Defence Agency (EDA), the UK Civil Aviation Authority (CAA), and the European Air Transport Command, among others, play an important role in ensuring transportation safety and addressing issues like carbon emissions and noise pollution. In Norway, policymakers have called for all short-haul flights to be electric by 2040. The presence of key manufacturers of electric aircraft in Europe including Rolls-Royce (UK), Safran Group (France), GKN Aerospace (UK), Airbus (Netherlands), Thales Group (France), and Turbomeca (France), among others are further driving the growth of the Hybrid Electric Jet Market in Europe.

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