S’Africa, Egypt make electric aircraft market, Nigeria missing

Of the more than hundred countries, surveyed for possible deployment of the latest technology-driven aircraft (electric aircraft), Nigeria was not among 17 of those selected.

Only South Africa and Egypt were able to make the list among African countries.

This has sent a negative rating on Nigeria’s impact on the development of the sector in the past five years by the World Aviation Growth Venture (WAGV).

According to the agency, the new technology is expected to cut incidence of air disaster by 80 per cent when fully embraced by the rest of the world.

In one of two separate reports, published on Tuesday, and Wednesday, and made available to Ripples Nigeria, the WAGV divided the world into four categories with names of countries approved for the deployment and marketing of the modern aircraft as: North America made up of the United States, leading, with Canada and Mexico following.

For Europe, Germany leads, while France comes second, Italy third with UK and Spain blazing the trail, while the “Rest of Europe” has only Australia and New Zealand qualifying; Asia Pacific has Japan coming first, followed by China and India.

Under the “Rest of the World”, comes Middle East as the leader, Brazil comes second, Argentina third, while South Africa and Egypt were the only African countries that made the list.

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Between 2015 and 2016, according the report, electric aircraft market accounted for $20 billion market growths, with a projected growth of 35 per cent, valued at $30.4 billion by 2020.

However, majority of the purchase for the aircraft, are for military use in addition to a number of unmanned aircraft, drones and other unclassified usage.

According to another report by Wisegye (an intelligence group): “What is restraining the market growth of the aircraft is the stringent condition attached to regulatory issues and other macro-economic terms attached.

“Reliability of electrical systems in thermal management and optimization in electrical systems are the major challenges being faced by the vendors,”

The intelligence group said in 2016, North America accounted for the highest market share as compared to other regions, followed by Asia and Pacific region.

It named key players in the market to include Honeywell International, Boeing, Raytheon, Thales Group, Bombardier, Airbus, Zodiac Aerospace, United Technologies, Safran, Alatus Ukraine, Electric Aircraft Corporation and Flying motorcycle Samson Motorworks

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