ELECTRIC AIRCRAFT MARKET TO REACH US$27.7-BILLION BY 2030
Future Flight|March 2023
The global market for electric aircraft is estimated to be $7.9-billion in 2023 and is projected to reach $27.7-billion by 2030 at a Compounded Annual Growth Rate (CAGR) of 14.8-percent during the forecast period. The market’s growth is driven primarily by the deployment of Urban Air Mobility (UAM) aircraft and the increasing use of electric aircraft for cargo applications and commercial aerial mission-specific activities.
ELECTRIC AIRCRAFT MARKET TO REACH US$27.7-BILLION BY 2030

Among the most prolific and profitable producers of electric aircraft are:

• Airbus, which in 2010 developed CriCri, the world’s first all-electric, four engine aircraft. In the years since, the consortium has made significant progress in the electrification of flight. Airbus’s allelectric, twin-propeller E-fan aircraft successfully crossed the English Channel in 2015 and the company’s electric Vertical Take-off and Landing (eVTOL) demonstrator projects, Vahana and CityAirbus, have completed rigorous and comprehensive flight-testing programmes. Airbus has also successfully developed the world’s first solar-electric high-altitude platform station, Zephyr, a gossamer contraption capable of flying continuously for months on end at altitudes of 70,000feet, well above weather and conventional air traffic.

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