Electric Aircraft Market: By Aircraft Type (Ultralight Aircraft, Light Jet) Component (Battery, Electric Motor) Technology (Hybrid, All Electric) Power Density (Less than 500 KM, More than 500 KM) and Geography

Electric Aircraft Market size is valued at USD 8,105.0 Million in 2021 and is expected to reach a value of USD 13,552.0 Million by 2028, growing at a CAGR of 7.62% during the forecast period 2022 to 2028. The global market provides a detailed overview of the electric aircraft market and that can be segmented by aircraft type, component, technology, and power density. By aircraft type, the electric aircraft market has been segmented into ultralight aircraft and light jets. The light jet segment is likely to be the largest and fastest-growing segment in terms of the aircraft type. On the basis of components, the market is segregated into the battery and electric motor. The electric motor held the highest CAGR during the estimated period. Based on technology, the commercial printer market is segmented into hybrid and all-electric.  Among these, the all-electric segment is expected to have the fastest-growing market during the forecast period 2022 to 2028. Based on density, the commercial printer market is segmented into less than 500 KM and more than 500 KM. The less than 500 KM segment accounts for the largest share in 2021. The more than 500 KM segment has the second-largest share during the forecast period 2021-2028.

Key Development:

In Jan 2020, Artisan Complete Limited, which specializes in the construction of retail settings, point-of-purchase displays, and big format printing, was acquired by Transcontinental Inc. This acquisition could help the corporation expand its product printing vertical for in-store marketing.