The global hybrid aircraft market size was valued at USD 1.07 billion in 2022 and is expected to reach USD 27.2 billion by 2032, according to a research report published by Spherical Insights & Consulting.
“The Global Hybrid Aircraft Market Size is to grow at a Compound Annual Growth Rate (CAGR) of 38.2% during the projected period” according to the report. “Increasing environmental regulations, rising fuel costs, and a global push for greener transportation solutions are among the factors driving market growth in this sector.”
Key highlights of the report include:
- “The AAM segment is expected to account for the largest share of the global hybrid aircraft market during the forecast period
- “The hydrogen hybrid segment is expected to hold the largest share of the global hybrid aircraft market during the forecast period
- “The CTOL segment is expected to hold the largest share of the global hybrid aircraft market during the forecast period.
- “North America is anticipated to hold the largest share of the global hybrid aircraft market over the predicted timeframe.
According to the report “During the forecast period, Europe is projected to grow at the fastest rate in the global hybrid aircraft market. The European Union’s emphasis on lowering aviation emissions has sparked considerable interest in hybrid aircraft technology. Several European countries have provided funding for electric and hybrid-electric aviation research and development.”
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