Market Overview:
The global eVTOL aircraft market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for air travel, rising disposable income, and technological advancements in the aviation industry. The hybrid eVTOL aircraft segment is expected to grow at a higher CAGR than the fully electric eVTOL aircraft segment during the forecast period. Civil applications are expected to account for a larger share of the global eVTOL aircraft market than military applications during the forecast period. North America is estimated to account for a larger share of the global eVTOL aircraft market than other regions duringthe forecast period.
Product Definition:
An eVTOL aircraft is an electric-powered vertical takeoff and landing (eVTOL) aircraft. These aircraft are typically multi-rotor designs that allow for vertical takeoff and landing, as well as efficient forward flight.
E VTOL Aircraft are important because they have the potential to provide a more efficient and environmentally friendly mode of transportation than traditional rotorcraft or fixed-wing planes. They could also help to reduce traffic congestion in urban areas.
Fully Electric eVTOL Aircraft:
Fully electric eVTOL aircraft is a type of electric vertical take-off and landing aircraft. It uses electricity as the primary source for propulsion, unlike conventional fuel-driven airplanes that use fossil fuels for propulsion. The fully electric eVTOL aircraft can be powered by batteries or fuel cells, which are rechargeable sources of energy. These types of airplanes have better efficiency in terms of operation time as compared to gas turbines and other conventional methods used for power generation.
Hybrid eVTOL Aircraft:
Hybrid Electric Vertical Take-Off and Landing (eVTOL) aircraft is a new type of aircraft with two main elements, namely fuel-efficient electric propulsion and efficient vertical take-off and landing. The market for hybrid eVTOL aircraft is expected to grow at a significant rate owing to the increasing demand for noise reduction in airports, rising environmental concerns regarding carbon emissions from conventional aviation fuels, as well as growing technological advancements in electric aviation.
Application Insights:
The civil segment dominated the global eVTOL aircraft market, accounting for over 60.0% share of the total revenue in 2017. The growth can be attributed to increasing demand from major cities such as Los Angeles to connect remote military bases with modern transportation facilities. Moreover, several companies have invested in R&D activities pertaining to commercial applications of eVTOL aircraft and are close to launching their products for passenger travel within city-limits.
For instance, Volocopter is likely to receive a USD 2 million order from Matternet for 10 copter units that will provide logistics solutions for food safety and medical supplies in China.
Regional Analysis:
North America dominated the global eVTOL aircraft market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period as well owing to early technology adoption by manufacturers and increasing demand for commercial transportation services. Europe accounted for a significant share of the overall industry, mainly due to growing military operations across various countries and rising defense expenditure by several economies such as Germany, France, Italy, Spain among others. Asia Pacific is anticipated to witness lucrative growth over the next eight years owing to increasing government initiatives pertaining towards development of advanced aviation technologies along with rising disposable income levels in developing economies including China and India among others.
The Federal Aviation Administration (FAA) has released an official document that provides guidelines regarding Vertical takeoff/ landing (vtol) aircraft operation at airports throughout U.S.
Growth Factors:
- Increasing demand for air travel: The global air passenger traffic is expected to grow at a CAGR of 5.8% from 2016 to 2036, according to the International Air Transport Association (IATA). This will result in an increase in the demand for eVTOL aircrafts as they offer an efficient and convenient mode of transportation.
- Reduction in emissions and noise pollution: One of the major advantages of eVTOL aircrafts is that they produce significantly less emissions as compared to traditional modes of transportation such as cars and buses. They are also quieter than other forms of aviation, making them more environmentally friendly options for urban transport.
- Technological advancements: With rapid advancements being made in technology, there is a growing demand for novel modes of transportation such as eVTOL aircrafts that can offer enhanced performance and efficiency. Manufacturers are investing heavily in research and development so as to improve the design and functionality of these aircrafts further.
Scope Of The Report
Report Attributes
Report Details
Report Title
eVTOL Aircraft Market Research Report
By Type
Fully Electric eVTOL Aircraft, Hybrid eVTOL Aircraft
By Application
Civil, Military
By Companies
Airbus, Lilium, Bell Helicopter, Aurora Flight Sciences, Embraer, Ehang, Volocopter, Workhorse Group, Pipistrel, Kitty Hawk Corporation, Karem Aircraft, Lift Aircraft
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global eVTOL Aircraft Market Report Segments:
The global eVTOL Aircraft market is segmented on the basis of:
Types
Fully Electric eVTOL Aircraft, Hybrid eVTOL Aircraft
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Civil, Military
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Airbus
- Lilium
- Bell Helicopter
- Aurora Flight Sciences
- Embraer
- Ehang
- Volocopter
- Workhorse Group
- Pipistrel
- Kitty Hawk Corporation
- Karem Aircraft
- Lift Aircraft
Highlights of The eVTOL Aircraft Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fully Electric eVTOL Aircraft
- Hybrid eVTOL Aircraft
- By Application:
- Civil
- Military
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the eVTOL Aircraft Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An eVTOL Aircraft is a type of aircraft that uses electric power to provide lift. They are often used for short-distance flights, such as those between airports.
Some of the major players in the evtol aircraft market are Airbus, Lilium, Bell Helicopter, Aurora Flight Sciences, Embraer, Ehang, Volocopter, Workhorse Group, Pipistrel, Kitty Hawk Corporation, Karem Aircraft, Lift Aircraft.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. eVTOL Aircraft Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. eVTOL Aircraft Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. eVTOL Aircraft Market - Supply Chain
4.5. Global eVTOL Aircraft Market Forecast
4.5.1. eVTOL Aircraft Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. eVTOL Aircraft Market Size (000 Units) and Y-o-Y Growth
4.5.3. eVTOL Aircraft Market Absolute $ Opportunity
5. Global eVTOL Aircraft Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. eVTOL Aircraft Market Size and Volume Forecast by Type
5.3.1. Fully Electric eVTOL Aircraft
5.3.2. Hybrid eVTOL Aircraft
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global eVTOL Aircraft Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. eVTOL Aircraft Market Size and Volume Forecast by Application
6.3.1. Civil
6.3.2. Military
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global eVTOL Aircraft Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. eVTOL Aircraft Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global eVTOL Aircraft Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. eVTOL Aircraft Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global eVTOL Aircraft Demand Share Forecast, 2019-2026
9. North America eVTOL Aircraft Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America eVTOL Aircraft Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America eVTOL Aircraft Market Size and Volume Forecast by Application
9.4.1. Civil
9.4.2. Military
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America eVTOL Aircraft Market Size and Volume Forecast by Type
9.7.1. Fully Electric eVTOL Aircraft
9.7.2. Hybrid eVTOL Aircraft
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America eVTOL Aircraft Demand Share Forecast, 2019-2026
10. Latin America eVTOL Aircraft Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America eVTOL Aircraft Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America eVTOL Aircraft Market Size and Volume Forecast by Application
10.4.1. Civil
10.4.2. Military
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America eVTOL Aircraft Market Size and Volume Forecast by Type
10.7.1. Fully Electric eVTOL Aircraft
10.7.2. Hybrid eVTOL Aircraft
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America eVTOL Aircraft Demand Share Forecast, 2019-2026
11. Europe eVTOL Aircraft Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe eVTOL Aircraft Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe eVTOL Aircraft Market Size and Volume Forecast by Application
11.4.1. Civil
11.4.2. Military
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe eVTOL Aircraft Market Size and Volume Forecast by Type
11.7.1. Fully Electric eVTOL Aircraft
11.7.2. Hybrid eVTOL Aircraft
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe eVTOL Aircraft Demand Share, 2019-2026
12. Asia Pacific eVTOL Aircraft Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific eVTOL Aircraft Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific eVTOL Aircraft Market Size and Volume Forecast by Application
12.4.1. Civil
12.4.2. Military
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific eVTOL Aircraft Market Size and Volume Forecast by Type
12.7.1. Fully Electric eVTOL Aircraft
12.7.2. Hybrid eVTOL Aircraft
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific eVTOL Aircraft Demand Share, 2019-2026
13. Middle East & Africa eVTOL Aircraft Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa eVTOL Aircraft Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa eVTOL Aircraft Market Size and Volume Forecast by Application
13.4.1. Civil
13.4.2. Military
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa eVTOL Aircraft Market Size and Volume Forecast by Type
13.7.1. Fully Electric eVTOL Aircraft
13.7.2. Hybrid eVTOL Aircraft
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa eVTOL Aircraft Demand Share, 2019-2026
14. Competition Landscape
14.1. Global eVTOL Aircraft Market: Market Share Analysis
14.2. eVTOL Aircraft Distributors and Customers
14.3. eVTOL Aircraft Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Airbus
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Lilium
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bell Helicopter
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Aurora Flight Sciences
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Embraer
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Ehang
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Volocopter
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Workhorse Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Pipistrel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Kitty Hawk Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Karem Aircraft
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Lift Aircraft
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
