As the aviation industry looks to achieve net-zero carbon emissions by 2050, new battery-electric and hydrogen-powered aircraft could be the most effective solutions for reducing its dependence on fossil fuels in the long term. But in the short term, the market for hybrid-electric aircraft could prove to be more fruitful.
A new report issued by analysts at Allied Market Research projects the global hybrid aircraft market will generate $1.9 billion of revenue in 2025, when several hybrid aircraft are expected to enter service. By 2035 that number is projected to increase more than fivefold to $10.2 billion, with a compound annual growth rate of 18.2 percent. According to the report, the aviation industry is “witnessing a surge in demand for hybrid aircraft that offer reduced emissions and operational efficiency with increased awareness of environmental impact.”
According to the authors, aircraft with hybrid electric powertrains can capitalize on recent advancements in electric propulsion technology without sacrificing range, whereas all-electric aircraft are constrained by the limitations of battery technology. This makes hybrid aircraft an attractive option for regional air mobility, whereas the first electric air taxis will primarily be used for urban air mobility.
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