Hybrid Aircraft Market to Grow at 9.75% CAGR to 2017-2021

PUNE, India, March 24, 2017 /PRNewswire-iReach/ -- Global hybrid aircraft market size, the report considers the funding/investing that has gone into each of the three regions (Americas, Europe, Middle East, Africa [EMEA], and Asia-Pacific [APAC]) in acquiring these hybrid aircraft for enhanced performance of both commercial and military applications. The analysts forecast the global hybrid aircraft market to grow at a CAGR of 9.75% during the period 2017-2021.

Complete report on global hybrid aircraft market spread across 64 pages, analyzing 5 major companies and providing 24 data exhibits is now available at http://www.reportsnreports.com/reports/917366-global-hybrid-aircraft-market-2017-2021.html .

The latest trend gaining momentum in the hybrid aircraft market is emergence of electric hybrid planes. The most convenient way to progress in the development of a hybrid model is to drive the propulsion system with the battery pack, which is usually included in most of the airplanes in various forms.

One of the major drivers for hybrid aircraft market is intense competition among nations to develop advanced aircraft. With the growing terrorism across the globe, the defense and the special forces of various countries are strengthening their countermeasures to combat threats from hostile groups. This is driving the need for advanced military platforms such as hybrid aircraft, which can support military operations during war, counter-insurgency operations, and humanitarian assistance missions.

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The following companies are the key players in the global hybrid aircraft market: Aeros, Airbus, Boeing, Hybrid Air Vehicles (HAV), and Lockheed Martin. Other Prominent Vendors in the market are: Northrop Grumman, AUGUR-RosAeroSystems, Linstrand Technologies, and ILC Dover.

The global hybrid aircraft market is highly consolidated due to the presence of a very few multinational and regional stakeholders. To gain a competitive advantage, vendors compete based on technological advancements, cost, quality, and reliability. players offer heterogeneous products and services, including customized products.

Hybrid aircraft represent the new age, futuristic aircraft that use more than one propulsion system. A powered hybrid aircraft generates partial lift by using gases that have average densities lower than that of air (as in lighter-than-air [LTA] airship) and partially from aerodynamic lift (as in a heavier-than-air aerodyne). Hybrid airships can be broadly classified into dynastats and rotastats. A dynastat is a hybrid airship that has a long endurance capacity, requires forward flight to create aerodynamic lift, and has fixed wings.

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