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Market and industry aspects The development of a radically new aircraft type represents a very high investment for aircraft manufacturers, which may be considered too risky if incremental developments building upon existing aircraft concepts could offer a similar degree of improvement. The development of electric aircraft is currently starting in the general aviation category and is planned to go on with business and regional aircraft. Large aircraft manufacturers such as Airbus and Boeing have engaged in partnerships for electric aircraft development (e.g. E-Fan, Zunum), which cover a market segment that can be complementary to their own. The scalability of electric aircraft concepts is an essential aspect reducing the development risk for larger aircraft and allowing start-up companies to enter the aviation sector without excessive barriers. Their main challenge is attracting capital, hiring appropriately skilled engineers, especially for aircraft design and certification, and building up a suitable supplier network. . Generally speaking, the barriers for a new manufacturer to enter the commercial aviation market are very high, in particular due to strict safety and reliability requirements and high costs of certification. Developing a radically new product requiring different design skills and certification processes is a chance for newcomers to enter the market through a specialized niche [39]. Technology funding As mentioned in Section 1.3, public funding programs for aviation research and technology exist in various countries, which help overcome a part of the economic challenges of developing new technologies. Improving the environmental impact of aviation is one of the key areas of public R&T funding. Recently, funding organizations such as the EU Horizon 2020 program [74] have focused on electric aircraft technologies. This measure could indeed contribute to accelerating their development. However, public technology programs also need to consider that a broad variety of technologies instead of single solutions is required to respond to the challenge of sustainable aviation. For a radically new aircraft to have realistic market chances, it is important to offer other operational advantages than reduced fuel burn only. 35PDF Image | Aircraft Technology Roadmap to 2050
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