Electric Aircraft Charging Interfaces Market Size, Share, Industry, Forecast and outlook (2024-2031)

Global Electric Aircraft Charging Interfaces Market is Segmented By Type (Plug-in, Wireless, Others), By Power (Low Power, Medium Power, High Power), By Application (General Aviation, Commercial Aviation, Military and Defense), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

Electric Aircraft Charging Interfaces Market Size

Global Electric Aircraft Charging Interfaces Market reached USD 0.54 billion in 2022 and is expected to reach USD 2.1 billion by 2030 growing with a CAGR of 20.7% during the forecast period 2023-2030. Electric aircrafts are gradually being adopted by the aviation industry as an approach of reducing carbon emissions, operational costs and noise pollution. Charging interfaces are required for electric aircraft to be connected to charging infrastructure and recharge their batteries. 

Electric aircraft charging interface are in high demand due to the increasing deployment of electric aircraft. Asia-Pacific is expected to account for almost 1/4th of the global electric aircraft charging interfaces market and to grow at the fastest rate between 2023 and 2030. Amperex Technology Co. Ltd. announced their condensed battery in 2023, with a better energy density of 500 Watt hours per kilogram (Wh/kg) and enough power to power electric aircraft.

Electric Aircraft Charging Interfaces Market Scope

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Electric Aircraft Charging Interfaces Market Dynamics

Rising Focus to Reduce Carbon Footprint

Governments and international bodies have established significant targets for reducing greenhouse gas emissions and preventing climate change. The aviation industry, which contributes significantly to carbon emissions, is under pressure to find sustainable alternatives. Electric aircraft driven by renewable energy sources are a feasible solution for lowering carbon footprints. As a result, there is a rise in demand for electric aircraft charging interfaces to help with the transition to low-carbon aviation.

Emission reductions are among the key drivers of global adoption of electric aircraft. While a variety of technologies using drop-in replacement fuels, such as SAF, will lower emissions, regional flights provide a particularly large scope for improvement. Short-haul flights are considered to be up to 50% less efficient than long-haul flights in terms of emissions. The low operating costs of electric aircraft in comparison to conventional aircraft will be a major market driver.

Rise in Regional Travel

Regional travel usually involves short flights between cities nearby or destinations. Electric aircraft are well-suited for regional travel due to their lower range capabilities as compared to conventional aircraft. As demand for regional air travel rises, so will the demand for electric aircraft charging interfaces to facilitate charging and operation of electric aircraft on such short-haul routes.

As per the NASA’s Regional Air Mobility Survey, 30 i.e. 0.6% of the 5,050 public airports in U.S. support 70% of domestic air travel. There are another 5,000-8,000 public and private airports that have become unprofitable regional destinations that could be successfully served by electric aircraft.

Technological Drawbacks and High Initial Costs

To handle high-power charging, comply safety standards and ensure compatibility with various aircraft models, electric aircraft charging interfaces require modern technology. Developing charging interfaces that are effective, dependable and comply with industry standards can be a technological challenge. Overcoming the problems and making technological advances require significant research and development initiatives.

Electric aircraft charging interfaces and associated infrastructure can be expensive at first. Significant investments are required to develop and construct charging stations, power distribution networks and related equipment. The initial costs of establishing charging infrastructure may function as a barrier to entry for some businesses or hamper the development of electric aircraft.

Electric Aircraft Charging Interfaces Market Segment Analysis

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

Rising Need to Reduce Carbon Emissions in Commerical Aviation

During the forecast period the electric aircraft charging interfaces in commercial aviation is expected to more than 1/3rd of the global market. Electric commercial aircraft have the potential to minimize fuel usage, noise pollution and environmental sustainability. As the demand for electric commercial aircraft rises, so will the necessity for dependable and efficient charging interfaces to support their operations.

For example, in December 2021, UK-based BAE Systems plc invested in a multi-million dollar facility to support Aircraft Electrification activities in Endicott, New York. The funding will be used to enable improved manufacture of control and power conversion subsystems for aviation applications. The improvements are expected to drive market expansion during the forecast period.

Global Electric Aircraft Charging Interfaces Market Geographical Share

Rising No. of Aircraft Deliveries in North America

North America is estimated to account for more than 1/3rd of the global electric aircraft charging interfaces market in 2022. There is a huge market for electric aircraft in U.S. due to the large number of deliveries of aircraft with electric design. The required charging interfaces, as well as a strong emphasis on R&D in the electrification of aircraft subsystems, are expected to increase the growth of the region's electric aircraft charging interfaces market. 

In 2021, Lockheed Martin Corporation supplied 142 F-35 fighter jets to U.S. and its allies. The F-35's power-by-wire system marks a significant development in more electric aircraft technology. To control the main flight surfaces, it incorporates self-contained electro-hydrostatic actuators (EHAs). Furthermore, rising environmental concerns and strict regulations for aircraft emissions are important factors driving the rise of electric aircraft, thus, increasing demand for electric aircraft charging interfaces in the region.

Electric Aircraft Charging Interfaces Market Companies

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.

COVID-19 Impact Electric Aircraft Charging Interfaces Market

The pandemic has caused a major slowdown in the aviation industry, resulting in lower air travel demand and financial difficulties for airlines. Delays in aircraft purchase and technological breakthroughs, especially the adoption of electric aircraft, have resulted from the outbreak. As a result, demand for electric aircraft charging interface slowed down. 

According to the IEA, international aviation contributed for more than 3% of global energy-related CO2 emissions in 2019, prior to the COVID-19. The pandemic had a huge impact on the aviation industry, causing revenue to drop by 40% in 2020. Despite the downturn, experts expect that the global aviation market will grow significantly over the next 30 years.

The spread of COVID-19, combined with the aviation industry's response, has resulted in a historic decline in global air traffic. In March 2020, the average number of flights per day was 145,000, a 17.61 percent reduction from 176,000 in March 2019. Furthermore, after various governments around the world enforced air travel restrictions, commercial air traffic decreased by 41% in March 2019.

Russia-Ukraine War Impact

The conflict in the region has the potential to interrupt supply chains for electric aircraft charging interface components. Russia and Ukraine both play important roles in the production of various electronic and electrical parts used in charging interfaces. Any interruption in the supply of the parts can cause production delays and influence the global availability of charging interfaces. 

Trade restrictions or tariffs imposed by governments raise costs and hamper the free flow of goods across borders. Airbus urged European politicians not to put import restrictions on Russian titanium. Metal restrictions, according to Airbus, might harm European planes while also harming Russia's economy. Boeing estimates that developments in Ukraine, as well as the limits on aircraft deliveries to Russia, will likely have an impact on up to 141 of its aircraft on order, out of which 90 are 737 MAX models.

By Type

• Plug-in
• Wireless
• Others

By Power

• Low Power
• Medium Power
• High Power

By Application

• General Aviation
• Commercial Aviation
• Military and Defense

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
• Middle East and Africa

Key Developments

• In March 2023, Beta Technologies, a Vermont-based aerospace firm, released its Alia 250 model for eVTOL aircraft. The firm launched the new facility, the first of its kind in the Southeast U.S., in collaboration with Georgia Power. Augusta has four charging stations, one within the airfield fence and three within the short-term and general aviation parking areas.
• In 2022, Eviation, an electric aircraft developer, teamed with Clay Lacy Aviation, a California-based business aviation company, to offer electric charging for its Alice aircraft at Clay Lacy FBOs according to Alice's planned introduction into service in 2024.
• In October 2021, ABB E-mobility, a Swish international company and Lilium N.V., a German aerospace company, to be the global leader within regional electric air mobility, announced plans for ABB to offer charging infrastructure for Lilium's high speed regional air network, which is to begin commercial operations in 2024. Lilium has announced the establishment of launch networks in Florida, Germany and Brazil.

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