Market Overview

The hybrid electric jets are the aircrafts powered with the electric motors. The electricity is supplied through several methods such as batteries, solar cells, ultra capacitors, fuel cells, and power beaming. Electrified hybrid aircrafts are cleaner as compared to conventional models. 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 world’s 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.

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.

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Market Dynamics

The hybrid-electric jet is an aircraft that configures the electric motors and an electric engines. Both electric motor and internal combustion engine add the value in the hybrid-electric jet systems by saving the fuel and also help in decreasing the take-off noise and the carbon dioxide emission levels. Another benefits associated with hybrid electric jet is that it provides the flexibility during configuration and operation.

High-power electronics are expected to emit an immense amount of heat. A hybrid electric jet emits 50 to 800 KW of heat in flight. This huge amount of heat can have substantial impact on the weight of aircraft, along with its performance, which is expected to restrain hybrid electric jet market growth. Furthermore, hybrid electric jets are significantly lower specific energy as compared to the conventional jets propelled by fossil fuel. Moreover, it has lower sensitivity to atmospheric conditions. These factors are expected to limit the growth opportunity of the global hybrid electric jet market over the forecast period.

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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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