ICT RESEARCH REPORTS Hybrid-Electric-Jet-Market | Page 2

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.
On basis of region, the global hybrid electric jet market is segmented into North America, Europe,
Asia Pacific, Latin America, Middle East, and Africa. Europe is expected to exhibit the highest
growth in the market during the forecast period, owing to the presence of large number of
manufacturers such as Airbus SE, Rolls Royce, Siemens AG, Boeing, and EasyJet. Europe is
projected to retain its dominance in market over the forecast period, owing to increasing number
of manufactures, collaboration, and partnerships.
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For instance, in November 2017, the European manufacturers Airbus SE, Rolls Royce, and
Siemens AG collaborated to build a hybrid electric plane called E-FAN X, which will be based on
the modified 100-seat British Aerospace 146 (BAe146) regional aircraft. This modification
includes replacement of the conventional motor with the two megawatt electric motor.
Moreover, the Airbus will be responsible for integrating the engines with flight controls, Rolls
Royce will improve the turbo-shaft engine with the two megawatt generator, and power
electronics. Moreover, the generator and power electronic systems will be integrated to reduce
the weight of the aircraft. Siemens will be responsible for delivering the power distribution
network.
The turbine powering the generator will operate on the jet fuel, which will provide the power for
electric engine. Moreover, any excess power from the generator will be stored in banks of
batteries with the stored energy to be used during take-off and landing. Furthermore, in
September 2017, EasyJet, a major European carrier, started working with U.S. startup Wright
Electric to build an all-electric airliner within a decade.
Key Companies of hybrid electric jet market:
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.