Key vendors to focus on global footprint network to survive the intense competition
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global light electric aircraft market in their latest research report. This report also lists 7 other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the present investments directed toward R&D of electric aircraft.
This Technavio report, under commercial aviation vertical, is based on the synthesis, analysis, and interpretation of information about the global light electric aircraft market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The presence of several small and medium-sized vendors makes the global light electric aircraft market highly competitive. Vendors in the market compete on the basis of reliability, quality, cost, and other services. The competition is projected to increase with the growth in product extensions, technological innovations, and increased number of mergers and acquisitions.
“It becomes crucial for vendors to provide cost-effective and high-quality services, to survive and succeed in such an intensely competitive environment. They must focus on product offerings, investment in R&D, global footprint network, and a strong client base. The global economic recovery, R&D, and investments by them have opened the room for aerospace industry manufacturers to compete and grow,” says Moutushi Saha, a lead analyst at Technavio for research on commercial aviation.
Top five vendors in the light electric aircraft market space
Alisport
Alisport has three aviation divisions such as sailplanes, short take-off, and landing (STOL) aircraft, and propellers/accessories that operate in shared facilities. The synergies obtained from this organizational structure yield a broader technical expertise, improved manufacturing flexibility, and equipment use, reduced overhead costs, cross-trained personnel, market responsiveness, and a creative environment for R&D. Its production department is equipped with advanced manufacturing equipment, including multi-axis CNC mills, composite curing ovens, and environment-friendly paint booths.
Key products: Silent 2 Electro, Silent 2 TARGA, Silent 2, STOL Aircraft, and Silent Club
Electric Aircraft
Electric Aircraft is an aircraft manufacturer that specializes in the design and manufacture of electric aircraft under the ElectraFlyer brand name. The company’s first product was the Electric Aircraft Corporation ElectraFlyer Trike, an ultralight trike powered by an in-house designed electric motor and battery pack. The company then started selling power train components to convert existing ultralights to electric power.
Key products: ElectraFlyer Trike, ElectraFlyer-C Prototype, and ElectraFlyer-X
Airbus
Airbus Group is an aerospace and defense company that specializes in aeronautics. It develops, manufactures, markets, and supplies commercial jet aircraft, military transport aircraft, special mission aircraft, civil and military helicopters, orbital infrastructure and commercial launchers, missile systems, satellites, military combat aircraft and training aircraft, among others. The company offers Airbus E-Fan, a prototype two-seater electric aircraft which can be used for pilot training applications.
Key products: E-Fan, E-Fan 2.0, E-Fan 4.0, and E-Thrust
Solar Impulse
Solar Impulse is a manufacturer of long-range experimental solar-powered aircraft. The project’s private financial backers include Solvay, Omega, ABB, Schindler, and Peter Diamandis. Besides, Dassault, a European Space Agency, and other agencies provide technical expertise and SunPower provides photovoltaic cells for its aircraft.
Key products: Solar Impulse 1 and Solar Impulse 2
ACS Aviation
ACS Aviation is a leading global professional services firm delivering aviation solutions with a focus on compliance, safety, and operational excellence. The first Brazilian manned electric aircraft flew on 18 May 2015. Powered by two electric engines with a total of 70 kW and with a Li-Po battery package the SORA-e flew from São José dos Campos airfield.
Other prominent vendors in this market include Aeromarine, Boeing, Cessna, DigiSky, Electravia, and PC-Aero.
A more detailed analysis is available in the Technavio report, ‘Global Light Electric Aircraft Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
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