Global Electric Aircraft Charging Interfaces Market - 2023-2030

Market Overview

Global Electric Aircraft Charging Interfaces Market reached US$ 0.54 billion in 2022 and is expected to reach US$ 2.1 billion by 2030 growing with a CAGR of 20.7% during the forecast period 2023-2030. Issues concerning climate change and the need for environmentally friendly transportation are driving demand for electric aircraft and related charging infrastructure. Electric aircraft charging interfaces allow for the use of sustainable energy sources, lowering carbon footprints and promoting sustainability.

The increased focus on environmental conservation is an important market driver. During the forecast period, electric aircraft charging interfaces in commercial aviation are estimated to account for more than one-third of the global market. Airbus replaced three hydraulic systems by two electric systems in A380 and A350 models. On wide-body aircraft, Airbus intends to substitute hydraulic power systems with electrical generators.

Market Dynamics

Rising Focus to Reduce Carbon Footprint

To match their operations with environmental goals, many airlines and aviation companies have implemented corporate sustainability initiatives. The initiatives include initiatives to cut carbon emissions and promote environmentally friendly aircraft practices. Electric aircraft, as well as the related charging infrastructure, are essential to meet the sustainability goals.

To ensure business profits, major aircraft manufacturers are shifting toward electrification. Ampaire predicts a 90% reduction in fuel expenditures and a 50% decrease in maintenance costs for 15-passenger aircraft. Such lower-cost arrangements are expected to allow for the revival of service on less profitable routes.

According to Collins Aerospace (White 2020), internal United Technologies Corporation studies indicate that commercial hybrid-electric and electric propulsion can decrease aircraft noise by as much as 85% (for electric), enhance fuel consumption by 40%, minimize CO2 emissions by over 20% and lower operating & maintenance costs for airlines by up to 20% (electric and hybrid). As a result, the global electric aircraft charging interfaces market will benefit from the industry's increasing usage of electric aircraft.

Rise in Regional Travel

Regional travel can be used to connect smaller or rural places, where environmental sustainability is becoming increasingly important. Electric aircraft provide considerable environmental benefits, such as lower carbon emissions, less noise pollution and better air quality. The usage of electric aircraft for regional travel matches with government, airline and traveler sustainability goals, generating demand for electric aircraft charging interfaces.

In Europe, half of the population lives within 30 minutes of a regional airport, compared to 40% for a commercial airport. In U.S., 90% of people reside within 30 minutes of a regional airport, compared to 60% for a commercial airport. Electric aircraft provide a realistic, cost-effective alternative for flights to and from remote regions, reducing travel time and prices.

Limited Infrastructure and Regulations

The insufficient charging infrastructure for electric aircraft is one of the key constraints of the market growth. In comparison to typical fossil-fuel-powered aircraft, electric aircraft charging infrastructure is still in its early phases of development. The shortage of a widespread and established charging infrastructure can hamper the acceptance and operation of electric aircraft, affecting the demand for charging interfaces.

The regulatory landscape for electric aircraft and charging interfaces is continually developing. Regulations, safety standards and certification processes for electric aircraft charging interfaces must be developed by governments and aviation authorities. Since regulation and certification procedures are time-consuming, they can limit market expansion and create uncertainty for producers and operators.

COVID-19 Impact Analysis

During the epidemic, the aviation industry's immediate focus has been on survival, recovery and passenger safety. As a result, the industry's focus and resources may have shifted away from electric aircraft initiatives, such as charging interfaces. The shift in focus caused a temporary halt in the development and deployment of electric aircraft charging interfaces.

The green transition is taking place on a large scale and activities in the aviation industry are expanding. The Swedish Energy Agency was tasked with encouraging and promoting sustainable biofuels for aircraft in 2018. The plan was expanded in 2021 to encompass all types of sustainable fuels, as well as the promotion of electric aircraft, hydrogen-powered aircraft and charging and fueling infrastructure. As a result, the Energy Agency supported 18 research projects on the subject in 2021.

Russia-Ukraine War Impact Analysis

The Russia-Ukraine war has the potential to cause geopolitical uncertainty, which could have consequences for international commerce and corporate relations. Boeing stopped purchasing Russian titanium in early March. Despite this obstacle, Airbus has reaffirmed its 2022 guidance and stated that its titanium supply needs are satisfied in the short and medium term. However, the industry is increasing its search for non-Russian sources. Both Airbus and Boeing have recently purchased titanium.

The conflict and its repercussions accelerated the global deployment of electric aircraft. It causes economic instability or has an impact on the region's aviation infrastructure, slowing the deployment and adoption of electric aircraft. It triggered a series of repercussions in the demand for electric aircraft charging interfaces. Regulatory uncertainty can also make it difficult for businesses to operate in international marketplaces and comply with changing norms.

Segment Analysis

The global electric aircraft charging interfaces market is segmented based on type, power, application and region.

Plug Compatibility and Technological Advancements Drives the Plug-in Type

During the forecast period, the plug-in type is expected to hold around 1/3rd of the global smart power storage market. Plug-in electric aircraft charging connectors must be compatible with a wide range of aircraft models as well as charging infrastructure. Plug design standardization, such as SAE J1772, CHAdeMO or CCS (Combined Charging System), provides interoperability and simplifies the charging procedure for operators.

The industry is working to develop common standards that will drive the market for plug-in charging interfaces. To enhance the charging process, enhancements in power delivery, cable management and charging protocols are being developed. Furthermore, smart charging solution developments such as real-time monitoring and remote management are being investigated to improve operational efficiency.

Geographical Analysis

Rising Investments and R&D for Electric Aircrafts in Asia-Pacific

Asia-Pacific is anticipated to hold around 1/4th of the global electric aircraft charging interfaces market and grow at the highest rate during the forecast period 2023-2030. China has a big aviation market and interest in and investment in electric aircraft technology is increasing. As the demand for electric aircraft grows, so will the demand for charging infrastructure.

China conducted the initial flight of a four-seater electric aircraft in 2019. The country intends to create battery-powered planes for short-distance travel. The tested electric plane, the Chinese-made RX4E aircraft, weighs 1,200 kg and can fly 300 kilometers on a single charge. The plane took off from the northeastern city of Shenyang during the flight test.

In 2023, Chinese company EHang Holdings, an established autonomous aerial vehicle (AAV) technology platform organization and Abu Dhabi-based manufacturer Monarch Holding, announced to collaborate to establish Middle East and North Africa's first facility to produce and manage sustainable electric-powered aircraft and drones for passenger and cargo transportation in Abu Dhabi.

Competitive Landscape

The major global players include Rolls-Royce Holdings Plc, Beta Technologies, Electro.Aero Pty Ltd, Eaton, Joby Aviation, Embraer, ABB Ltd., Lilium, Eviation and ChargePoint.

Why Purchase the Report?

• To visualize the global electric aircraft charging interfaces market segmentation based on type, power, application and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of electric aircraft charging Interfaces market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The global electric aircraft charging interfaces market report would provide approximately 61 tables, 57 figures and 202 pages.

Target Audience 2023

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies