Electric Glider Market: Dynamics
Substantial growth in prices of conventional fuels and their fading existence are inspiring manufacturers to search for low-cost alternatives. In order to lower emission and fuel expenditure, consumers are shifting to electric-based transportation, which is expected to increase owing to the long-term reduction in operational cost, which is also likely to fuel the growth of the global electric glider market during the forecast period. Additionally, key factors, such as growing environmental concern among the general population globally and increasing governmental efforts towards reducing emission, are augmenting the growth of the global market for electric gliders. In addition, governments of several economies are taking initiatives to promote electric based transportation, which is also fuelling the growth of the global electric glider market.
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However, limited performance in terms of flying range, high initial cost and limited lifting capacity are some of the restraints hindering the growth of electric gliders. Nevertheless, numerous players are increasingly investing in research and development, focusing on improving flying range by increasing the storage capacity of the battery. Improved flying performance of electric gliders is likely to create significant growth opportunities for key players operating in the global market.
Electric Glider Market: Regional Outlook
Geographically, the Electric Glider market is segmented into seven regions: Middle East and Africa, Latin America, Japan, North America, Western Europe, Eastern Europe and the East Asia Pacific, South Asia and Oceania. During the forecast period, North America is expected to be a leading market for global electric gliders. Europe is also expected to be a prominent region in the electric glider market owing to increasing fuel-based stringent emission norms in countries, such as Germany, the U.K. and France. Asia-Pacific is expected to grow at a significant rate during the forecast period owing to growing research and development to combat air pollution in the aviation industry. With improvements in green technology, electricity is emerging as an important energy source in the aviation industry. The Rest of the world is estimated to account for a relatively small share of the Electric Glider market during the forecast period.
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Electric Glider Market: Market Participants
Examples of market participants operating across the value chain of the global Electric Glider market are: The Boeing Company Airbus S.A.S. Raytheon Company Alternair DG Flugzeugbau GmbH SOLO® VERTRIEBS- UND ENTWICKLUNGS GMBH Siemens AG Nidec Corporation Tangent Aircraft Solutions
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Regional analysis includes: North America (U.S., Canada) Latin America (Mexico, Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
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