Electric aircraft are driven with the use of electric motors. In this, electricity is supplied through different sources such as batteries, solar cells, ground power cables, fuel cells ultracapacitors, and power beaming. Factors driving the electric aircraft market is use of different source of energy in order to preserve the non-renewable sources and therefore, electric aircraft is considered better than traditional aircrafts which is accelerating the growth of electric aircraft market.
The Asia Pacific was the leading geographic market, and it is anticipated to be the highest revenue contributor throughout the forecast period. The Asia Pacific aircraft MRO market size is expected to gradually increase in the coming years till 2027. The potential countries in terms of the aviation industry in Southeast Asia region, such as Singapore, Malaysia, Thailand, and others, generate more revenue for the aircraft MRO market in the APAC region.