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Guidehouse Insights Estimates Charging Facilities Revenue for the Electric Aircraft Market to Surpass $5 Billion by 2035

Market challenges include charging technology standardization, charging facility locations, electrical capacity, and financial constraints

BOULDER, Colo., Feb. 22, 2022 /PRNewswire/ -- A new report from Guidehouse Insights examines the global market for airport and vertiport infrastructures required for electric vertical takeoff and landing (eVTOL) aircraft and electric aircraft (EA). The report also analyzes market issues, including business cases, opportunities, and implementation challenges, associated with airport infrastructure.

(PRNewsfoto/Guidehouse Insights)
(PRNewsfoto/Guidehouse Insights)

Airlines want to reduce their largest operating expense, fuel, and still provide safe and efficient flights that reduce CO2 emissions. EA is expected to enter service in the aviation market in approximately 2024, with thousands of these aircraft in service by 2035. However, the proper charging infrastructure is needed to accommodate this growing demand. According to a new report from Guidehouse Insights, charging facilities revenue for the electric aircraft market will exceed $5.6 billion by 2035.

"With multiple companies working to bring EA to market, the charging network needs to be in place long before the exponential growth of EA air service begins," says Christian Albertson, senior research analyst with Guidehouse Insights. "Charger developers need to determine how best to install equipment at airports and vertiports and integrate power demands with grid capacities."

According to the report, the progression of EA into new aircraft segments and applications is, however, expected to be a significant hurdle. Other challenges include the standardization of charging technology, charging facility locations and spatial engineering, scaling electrical capacity at airports, and installation costs.

The report, Airport Electrification, analyzes the global market for airport and vertiport infrastructures required for eVTOL and EA in three key segments: small/eVTOL aircraft, 7-20 passenger aircraft, and 21+ passenger aircraft. This report also offers estimates by industry charging standard. The study provides an analysis of the market issues, including business cases, opportunities, and implementation challenges, associated with airport infrastructure. Global market estimates for capacity and revenue, broken out by aircraft size segments, extend through 2035. An executive summary of the report is available for free download on the Guidehouse Insights website.

About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.

About Guidehouse
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 12,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.

* The information contained in this press release concerning the report, Airport Electrification, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.

For more information, contact:

Jennifer Peacock
+1.404.575.3859
jpeacock@guidehouse.com

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SOURCE Guidehouse Insights