eVTOL Aircraft Market

eVTOL Aircraft Market by Lift Technology (Vectored Thrust, Multirotor, Lift plus Cruise), Propulsion Type (Fully Electric, Hybrid Electric, Hydrogen Electric), System, Range, MTOW, Mode of Operation, Application, and Region (2021-2030)

Report Code: AS 6984 Nov, 2021, by marketsandmarkets.com

[233 Pages Report] The global market for eVTOL aircraft is estimated to be USD 8,5 million in 2021 and is projected to reach USD 30,8 million by 2030, at a CAGR of 15.3% during the forecast period. The growth of this market is mainly driven by the growing need for green energy and noise-free aircraft and the increasing use of eVTOL aircraft for cargo applications and increasing demand for an alternative mode of transport.

eVTOL Aircraft Market

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COVID-19 Impact on the Global eVTOL Aircarft Market

The sudden outbreak of the COVID-19 has taken a toll on various industrial sectors, with aviation being one of the worst affected. However, the eVTOL aircraft market did not seem to have been impacted by the pandemic as much as the aviation industry as a whole. Electric UAVs were widely used by militaries for a variety of missions like border security, while governments and law enforcement agencies used them on an experimental basis.

Civil & commercial applications of eVTOL aircraft include transportation of medical supplies by companies like Zipline and mostly for aerial photography. Retail and other logistics companies are increasingly looking towards the usage of electric UAVs to distribute essential items due to intermittent lockdowns and the imposition of social distancing protocols worldwide. In the US, companies like Amazon and USP have already scaled up their usage of electric drones for their deliveries. Electric drones are also witnessing an increased application in Africa, as they are being used as the art of EMS services to supply medicines and amenities as well as transport organs and blood across cities. These factors have helped the eVTOL aircraft market to sustain the overall impact of the COVID-19 pandemic on the global economy.

eVTOL Aircraft Market Dynamics

Drivers: Growing need for green energy and noise-free aircraft

The growing need for green energy is due to the increase in CO2 emissions. According to the EIA’s (Energy Information Administration) International Energy Report 2021, CO2 emissions have increased due to the population. According to the Air Transport Air Group (ATAG), global aviation produces around 2% CO2 emissions. According to the latest release by ATAG, a long-term climate change goal to cut CO2 emissions in half by 2050 has been set. The research and development in electric, hybrid, and hydrogen aircraft are expected to help shift from fossil fuel for power to sustainable aviation fuel.

Thus, the eVTOL aircraft uses the above sustainable aviation fuel to reduce carbon emissions. As per the US Department of Transportation’s Volpe National Transportation Systems Center, eVTOL manufacturers should use a variety of integrated, simulated, and dual-use aircraft noise models that have been developed over the years by the FAA (Federal Air Aviation), NASA, and the US Department of Défense. Thus, some of the eVTOL aircraft manufacturers such as Airbus, Bell, Ehang, and Joby Aviation have come up with various models, which produce less carbon emission and less noise. For example, Airbus has revealed its CityBus next GEN aircraft, which is the quieter version and zero-emission eVTOL.

Opportunities: Strategic developments in eVTOL aircraft

The demand for advanced and autonomous alternative modes of transportation is expected to boost the eVTOL aircraft market. This market also offers growth opportunities to developers of many cutting-edge technologies such as lithium metal batteries, advanced composites, and axial flux motors. Few examples that show the developments in the eVTOL aircraft market are

  • The Embraer spinoff Eve Urban Air Mobility and Bristow Group, an offshore helicopter operator, have announced a memorandum of understanding (MOU) to cooperate on the development of an air operator’s certificate for Eve’s eVTOL aircraft. Bristow has also placed a conditional order for up to 100 aircraft from Eve, with deliveries expected to start by 2026.
  • According to a press release, Volocopter and Geely signed an agreement to purchase 150 Volocopter aircraft.
  • The Japanese trading and investment business conglomerate Marubeni Corporation has announced a partnership with Vertical Aerospace to pursue emission-free advanced air mobility (AAM) travel solutions in Japan, with the agreement including a conditional pre-order from Marubeni for up to 200 of the British eVTOL developer’s piloted, four-passenger VA-X4 aircraft.

An increasing number of eVTOL aircraft concepts are coming forward, led by established industry players and startups alike. Few established players in the market are Airbus, Volo copter, Bell, and Joby Aviation.

Challenges:Safety issues

Safety has always been a major priority. The aircraft can only be successful only if the public has confidence that flying would be safe. Emerging eVTOL aircraft have both unpiloted and piloted aircraft. Thus, the challenges for safety measures have increased. Few safety technologies the companies are working on are

  • Crash prevention systems for eVTOL vehicles, which involves the same systems already being used in autonomous automobiles. These systems include cameras, radar, LIDAR, GPS, infrared scanners, and a host of others. Further crash prevention is necessary for the powerplant and rotor systems to allow eVTOL vehicles to remain in flight if a powerplant or rotor failure occurs. These additional systems include redundancy in the motors and batteries, typically called Distributed Electric Propulsion (DEP), and are designed in such a way that if a single component failed, others would be able to function to safely guide the aircraft to a landing. There is also a large body of research regarding vehicle separation, vehicle communication, and airspace integration, which can be generally grouped into airspace management, which is also a big part of crash prevention.
  • Cybersecurity is another technology used to protect aircraft from cyberattacks. Companies such as Regulus Cyber produce cybersecurity solutions for radar, lidar, global navigation satellite systems (GNSS) like GPS, and other types of sensors. According to a press release, Acronis’  cyber protection solutions will ensure data security for the lidar and machine vision technology, creating virtual force fields around each aircraft to enable close but safe racing.
  • Established infrastructure for eVTOL aircraft to communicate is expanding, with systems such as ADS-B (automatic dependent surveillance-broadcast). It helps make on-the-fly decisions and ensure passenger and cargo safety. Enhanced detection and avoidance technology uses a millimeter or micrometer wave technology to identify and measure objects over longer distances, especially in difficult terrain and unsafe operating environments, and assist in real-time decision-making to establish safe navigation during bad weather.

The hydrogen electric segment is projected to witness the highest CAGR during the forecast period.

Based on propulsion type, the hydrogen electric segment is projected to be to be the highest CAGR rate for the eVTOL aircraft market during the forecast period.Hydrogen fuel cells are an alternative power source for eVTOL. Generating electricity from hydrogen and oxygen fuel cells is vibration-free and is low on maintenance. Fuel cells can offer energy storage and faster refueling, giving them the potential to substitute electric batteries.

The software segment is projected to witness the highest CAGR during the forecast period.

Based on the system, the software segment is projected to grow at the highest CAGR rate for the eVTOL aircraft  market during the forecast period. Aviation software produces insights that enable users to enhance operator safety and efficiency, reduce operational disruptions, improve passenger experience, and make decisions better regarding real-time fleet health. Advanced software systems are required to run complicated systems of urban air mobility aircraft.

The last mile delivery segment is projected to witness the highest CAGR during the forecast period

Based on application, the last mile delivery segment is projected to grow at the highest CAGR rate for the eVTOL aircraft market during the forecast period. The demand for autonomous last mile delivery is skyrocketing with the rising adoption of autonomous vehicles for the delivery of products without any human intervention.

The 100-1,000 kg segment is projected to witness the highest CAGR during the forecast period

Based on MTOW, the 100-1,000 kg segment is projected to grow at the highest CAGR rate for the eVTOL aircraft market during the forecast period. eVTOL aircraft with an MTOW of 100 -1,000 kg are used for intercity travel of passengers and cargo transportation. The payload that these eVTOL aircraft carry is less than 200 kg. Thus, these aircraft are preferably used for cargo transportation.

The eVTOL Market in North America is projected to have the largest market share in the year 2021

eVTOL aircraft market in North America is projected to contribute the highest market share during the forecast period. North America accounted for the largest share of the eVTOL aircraft market. The US has the largest UAV fleet used in military and civil applications. Early adoption of eVTOL aircraft for urban air mobility is also being witnessed in the US. These factors are expected to drive the market in North America.

Key Market Players

The eVTOL aircraft market is dominated by a few globally established players such as Airbus SE (Netherlands), Bell Textron Inc. (US), Embraer SA (Brazil), EHang Holdings Ltd  (China), and Elbit Systems Ltd. (Israel).

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Scope of the Report

Report Metric

Details

Market size available for years

2017–2030

Base year considered

2020

Forecast period

2021-2030

Forecast units

Value (USD Million)

Segments covered

By Lift Technology, By Propulsion Type, By System, By Mode of Operation, By Application, By MTOW, By Range

Geographies covered

North America, Europe, Asia Pacific, Latin America, Middle East, and Africa

Companies covered

Airbus SE (Netherlands), Bell Textron Inc. (US), Embraer SA (Brazil), EHang Holdings Ltd  (China), and Elbit Systems Ltd. (Israel)

The study categorizes the eVTOL aircraft based on Lift Technology, Propulsion Type, System, Mode of Operation, Application, MTOW, Range, and Region.

By Lift Technology

  • Vectored Thrust
  • Multirotor
  • Lift plus Cruise

By Propulsion Type

  • Fully Electric
  • Hybrid Electric
  • Hydrogen Electric

By System

  • Batteries & Cells
  • Electric Motor/Engine
  • Aerostructures
  • Avionics
  • Software
  • Others

By Application

  • Air Taxis
  • Air Shuttles & Air Metro
  • Private Transport
  • Cargo Transport
  • Air Ambulance & Medical Emergency
  • Last Mile Delivery
  • Inspection & Monitoring
  • Surveying & Mapping
  • Surveillance
  • Special Mission
  • Others

By Mode of Operation

  • Autonomous
  • Piloted

By MTOW

  • <100 kg
  • 100–1000 kg
  • 1,000–2,000 kg
  • >2,000 kg

By Range

  • <= 200 km
  • > 200 km

By Region

  • North America
  • Asia Pacific
  • Europe
  • Middle East
  • Latin America
  • Africa

Recent Developments

  • In August 2021, Lilium GmbH intends to enter into a commercial deal and strategic alliance worth USD 1 billion with leading Brazilian airline Azul S.A..
  • In August 2021, Pipistrel’s new aircraft, including the fixed-wing Surveyor and both unmanned Nuuva platforms, the V300 and smaller V20, will be using Honeywell’s compact satellite communications technology. Honeywell’s Small UAV SATCOM system is 90% lighter than the company’s next smallest connectivity system, yet it brings the same capabilities enjoyed by larger aircraft to the Nuuva V300, V20, and Surveyor.
  • In July 2021, CAE, a global leader in aviation training, and Volocopter entered into a strategic partnership to develop, certify, and deploy an innovative pilot training program for electric vertical take-off and landing (eVTOL) operations. This eVTOL pilot training program will develop the pilot workforce of the future and ensure the safe introduction of eVTOL operations globally by leveraging CAE’s advanced technologies such as artificial intelligence (AI), virtual reality (VR), mixed reality (MR), as well as data analytics and Volocopter’s leading understanding of requirements for integration into the UAM ecosystem.

Frequently Asked Questions (FAQs) Addressed by the Report

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 34)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 EVTOL AIRCRAFT MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 INCLUSIONS AND EXCLUSIONS
          TABLE 1 INCLUSIONS AND EXCLUSIONS IN EVTOL AIRCRAFT MARKET
    1.5 CURRENCY & PRICING
    1.6 LIMITATIONS
    1.7 MARKET STAKEHOLDERS
    1.8 SUMMARY OF CHANGES
          FIGURE 2 EVTOL AIRCRAFT MARKET TO GROW AT A HIGHER RATE COMPARED TO PREVIOUS ESTIMATES

2 RESEARCH METHODOLOGY (Page No. - 40)
    2.1 RESEARCH DATA
          FIGURE 3 REPORT PROCESS FLOW
          FIGURE 4 RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key primary sources
                    2.1.2.2 Key primary insights
    2.2 MARKET SIZE ESTIMATION
           2.2.1 SEGMENTS AND SUBSEGMENTS
    2.3 RESEARCH APPROACH & METHODOLOGY
           2.3.1 BOTTOM-UP APPROACH
                    2.3.1.1 Market size estimation
                                FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (DEMAND-SIDE)
                                FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY-SIDE)
           2.3.2 TOP-DOWN APPROACH
                    FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
    2.4 TRIANGULATION & VALIDATION
           FIGURE 8 DATA TRIANGULATION
           2.4.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH
    2.5 GROWTH RATE FACTORS
    2.6 RISKS
    2.7 ASSUMPTIONS FOR THE RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 50)
    FIGURE 9 BATTERIES & CELLS SEGMENT ESTIMATED TO ACCOUNT FOR LARGEST SHARE OF EVTOL AIRCRAFT MARKET IN 2021
    FIGURE 10 EVTOL AIRCRAFT, BY LIFT TECHNOLOGY, 2021
    FIGURE 11 FULLY ELECTRIC SEGMENT ESTIMATED TO ACCOUNT FOR THE LARGEST SHARE OF EVTOL AIRCRAFT MARKET IN 2021
    FIGURE 12 EVTOL AIRCRAFT MARKET IN LATIN AMERICA TO GROW AT THE HIGHEST CAGR DURING FORECAST PERIOD

4 PREMIUM INSIGHTS (Page No. - 53)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN THE EVTOL AIRCRAFT MARKET
          FIGURE 13 GROWING NEED FOR CLEANER AND QUIETER AIRCRAFT IS EXPECTED TO DRIVE THE MARKET FROM 2O21 TO 2030
    4.2 EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION
          FIGURE 14 AUTONOMOUS SEGMENT PROJECTED TO LEAD THE MARKET FROM 2021 TO 2030
    4.3 EVTOL AIRCRAFT MARKET, BY MTOW
          FIGURE 15 100-1,000 KG SEGMENT PROJECTED TO LEAD THE MARKET FROM 2021 TO 2030
    4.4 EVTOL AIRCRAFT MARKET, BY RANGE
          FIGURE 16 <=200 KM SEGMENT PROJECTED TO LEAD THE MARKET FROM 2021 TO 2030
    4.5 EVTOL AIRCRAFT MARKET, BY TOP COUNTRIES
          FIGURE 17 EVTOL AIRCRAFT MARKET IN MEXICO IS PROJECTED TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2030

5 MARKET OVERVIEW (Page No. - 56)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
          FIGURE 18 EVTOL AIRCRAFT MARKET DYNAMICS
           5.2.1 DRIVERS
                    5.2.1.1 Growing need for green energy and noise-free aircraft
                    5.2.1.2 Increasing demand for an alternative mode of transport
FIGURE 19 INCREASING POPULATION ACROSS REGIONS TO INCREASE DEMAND FOR ALTERNATIVE MODE OF TRANSPORTATION
                    5.2.1.3 Improving technologies in batteries, motors, and power electronics
           5.2.2 RESTRAINTS
                    5.2.2.1 Failures in the battery due to high voltage and thermal issues
                    5.2.2.2 eVTOL aircraft crash due to failure in software
                    5.2.2.3 Certification issues
FIGURE 20 EVTOL CERTIFICATION ECOSYSTEM
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Strategic developments in eVTOL aircraft
                    5.2.3.2 Upcoming application areas
           5.2.4 CHALLENGES
                    5.2.4.1 Safety issues
                    5.2.4.2 Lack of regulatory standards
    5.3 IMPACT OF COVID 19
    5.4 OPERATIONAL DATA
          TABLE 2 UAV DELIVERIES, BY TYPE, 2017-2020
    5.5 RANGE AND SCENARIOS
          FIGURE 21 EVTOL AIRCRAFT MARKET SCENARIOS: COVID-19 IMPACT
    5.6 VALUE CHAIN ANALYSIS
          FIGURE 22 EVTOL AIRCRAFT MARKET: VALUE CHAIN ANALYSIS
           5.6.1 RAW MATERIALS
           5.6.2 R&D
           5.6.3 COMPONENT MANUFACTURING
           5.6.4 OEMS
           5.6.5 END USERS
    5.7 EVTOL AIRCRAFT MARKET ECOSYSTEM
           5.7.1 PROMINENT COMPANIES
           5.7.2 PRIVATE AND SMALL ENTERPRISES
           5.7.3 END USERS
                    FIGURE 23 EVTOL AIRCRAFT MARKET ECOSYSTEM
                    TABLE 3 EVTOL AIRCRAFT MARKET ECOSYSTEM
    5.8 DISRUPTION IMPACTING CUSTOMER’S BUSINESS
          FIGURE 24 EVTOL AIRCRAFT MARKET ECOSYSTEM
    5.9 TRADE DATA ANALYSIS
    5.10 PORTER’S FIVE FORCES ANALYSIS
           TABLE 4 PORTER’S FIVE FORCES ANALYSIS
           5.10.1 THREAT OF NEW ENTRANTS
           5.10.2 THREAT OF SUBSTITUTES
           5.10.3 BARGAINING POWER OF SUPPLIERS
           5.10.4 BARGAINING POWER OF BUYERS
           5.10.5 INTENSITY OF COMPETITIVE RIVALRY
    5.11 TECHNOLOGY ANALYSIS
           5.11.1 LITHIUM-SULFUR BATTERIES
           5.11.2 HYDROGEN FUEL CELLS
    5.12 TARIFF AND REGULATORY LANDSCAPE
           5.12.1 THE EUROPEAN UNION AVIATION SAFETY AGENCY (EASA) REGULATION
           5.12.2 FEDERAL AVIATION ADMINISTRATION (FAA) REGULATION

6 INDUSTRY TRENDS (Page No. - 73)
    6.1 INTRODUCTION
    6.2 EMERGING TRENDS
          FIGURE 25 EMERGING TRENDS IN EVTOL AIRCRAFT MARKET
           6.2.1 ARTIFICIAL INTELLIGENCE (AI)
           6.2.2 BIG DATA ANALYTICS
           6.2.3 INTERNET OF THINGS (IOT)
           6.2.4 CYCLO-ROTOR EVTOL
           6.2.5 URBAN AIR MOBILITY
           6.2.6 ENERGY HARVESTING
           6.2.7 HIGH POWER BATTERIES AND MOTORS
           6.2.8 ADVANCED MATERIALS AND MANUFACTURING
           6.2.9 DETECT AND AVOID SYSTEMS
    6.3 CASE STUDY ANALYSIS
           6.3.1 BETA TECHNOLOGIES DEVELOP EVTOL AIRCRAFT WITH MICROSTRAIN SENSORS BY PARKER LORD
           6.3.2 JOBY AEROSPACE COMPLETES ALL-ELECTRIC FLIGHT WITH ELECTRIC VERTICAL TAKE-OFF AIR TAXI
           6.3.3 ISRAELI BASED AVIATION STARTUP AIR DEVELOPS EVTOL WITH COLLAPSIBLE WINGS THAT CAN FIT INTO A CAR GARAGE
    6.4 INNOVATION & PATENT ANALYSIS
    6.5 IMPACT OF MEGATREND

7 EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY (Page No. - 80)
    7.1 INTRODUCTION
          FIGURE 26 MULTIROTOR SEGMENT PROJECTED TO LEAD EVTOL AIRCRAFT MARKET DURING THE FORECAST PERIOD
          TABLE 5 EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
          TABLE 6 EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2026 (USD MILLION)
    7.2 VECTORED THRUST
           7.2.1 EVTOL AIRCRAFT ARE SUITABLE FOR LONG-RANGE TRIPS AND INTERCITY TRANSPORTATION
    7.3 MULTIROTOR
           7.3.1 EVTOL AIRCRAFT WITH MULTIROTOR ARE MOSTLY USED FOR SHORT-RANGE OPERATIONS
    7.4 LIFT PLUS CRUISE
           7.4.1 INCREASING ADOPTION OF LIFT PLUS CRUISE DESIGN BY LEADING EVTOL MANUFACTURERS EXPECTED TO DRIVE THIS SEGMENT

8 EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE (Page No. - 83)
    8.1 INTRODUCTION
          FIGURE 27 FULLY ELECTRIC SEGMENT PROJECTED TO LEAD MARKET FOR EVTOL AIRCRAFT DURING FORECAST PERIOD
          TABLE 7 EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
          TABLE 8 EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
    8.2 FULLY ELECTRIC
           8.2.1 FULLY ELECTRIC PROPULSION PROVIDES QUASI-SILENT AIRCRAFT SUITABLE FOR URBAN TRAVEL WITH ZERO EMISSIONS
    8.3 HYBRID ELECTRIC
           8.3.1 HYBRID ELECTRIC PROPULSION PROVIDES LONGER RANGE AND LARGER TAKE-OFF WEIGHT CAPABILITIES
    8.4 HYDROGEN ELECTRIC
           8.4.1 HYDROGEN ELECTRIC PROPULSION PROVIDE HIGH EFFICIENCY, LOW NOISE, AND LOW VIBRATION

9 EVTOL AIRCRAFT MARKET, BY SYSTEM (Page No. - 87)
    9.1 INTRODUCTION
          FIGURE 28 BATTERIES & CELLS SEGMENT PROJECTED TO LEAD THE MARKET FOR EVTOL MARKET DURING FORECAST PERIOD
          TABLE 9 EVTOL AIRCRAFT MARKET, BY SYSTEM, 2017–2020 (USD MILLION)
          TABLE 10 EVTOL AIRCRAFT MARKET, BY SYSTEM, 2021–2030 (USD MILLION)
    9.2 BATTERIES & CELLS
           9.2.1 ADVANCEMENTS IN BATTERIES AND CELLS HELP OFFER HIGH POWER DENSITY TO EVTOL AIRCRAFT
    9.3 ELECTRIC MOTORS/ENGINES
           9.3.1 ELECTRIC MOTORS PROVIDE BETTER POWER DENSITY, WHILE HYBRID ELECTRIC PROPULSION PROVIDE A LONGER RANGE
    9.4 AEROSTRUCTURES
           9.4.1 ADVANCED MATERIALS USED IN AEROSTRUCTURES HELP EVTOL AIRCRAFT ENHANCE PERFORMANCE, CONSERVE ENERGY, AND LOWER COSTS
    9.5 AVIONICS
           9.5.1 ADVANCED AVIONICS REQUIRED FOR URBAN AIR MOBILITY DRIVING THIS SEGMENT
    9.6 SOFTWARE
           9.6.1 ADVANCED SOFTWARE ARE REQUIRED TO RUN COMPLICATED SYSTEMS OF EVTOL AIRCRAFT
    9.7 OTHERS
           9.7.1 ELECTRIC TECHNOLOGIES TO BE ADOPTED TO REDUCE WEIGHT OF AIRCRAFT AND INCREASE RELIABILITY

10 EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION (Page No. - 92)
     10.1 INTRODUCTION
             FIGURE 29 AUTONOMOUS SEGMENT PROJECTED TO LEAD EVTOL AIRCRAFT MARKET DURING FORECAST PERIOD
             TABLE 11 EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION, 2017–2020 (USD MILLION)
             TABLE 12 EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION, 2021–2026 (USD MILLION)
     10.2 PILOTED
             10.2.1 NEED FOR QUICK TRANSPORTATION IS DRIVING THIS SEGMENT
     10.3 AUTONOMOUS
             10.3.1 REDUCTION OF HUMAN INTERVENTION LEADING TO INCREASED SAFETY IS DRIVING AUTONOMOUS SEGMENT

11 EVTOL AIRCRAFT MARKET, BY APPLICATION (Page No. - 95)
     11.1 INTRODUCTION
             FIGURE 30 LAST MILE DELIVERY SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 13 EVTOL AIRCRAFT MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
             TABLE 14 EVTOL AIRCRAFT MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
     11.2 AIR TAXIS
             11.2.1 COUNTRIES EAGER TO ADOPT AIR TAXIS AS A WAY TO COPE UP WITH RAPIDLY EXPANDING MEGACITIES
     11.3 AIR SHUTTLES & AIR METRO
             11.3.1 AIR SHUTTLES & AIR METRO TO SOLVE LIMITATIONS OF CONVENTIONAL PUBLIC TRANSPORTATIONS
     11.4 PRIVATE TRANSPORT
             11.4.1 PRIVATE AIR TRANSPORT VEHICLES PROVIDE CONVENIENCE LIKE PRIVATE CARS WHILE OFFERING SPEED AND ROUTING EFFICIENCIES
     11.5 CARGO TRANSPORT
             11.5.1 DEVELOPMENT OF CARGO TRANSPORT BY KEY EVTOL AIRCRAFT MANUFACTURERS TO PROGRESS URBAN AIR MOBILITY APPLICATIONS
     11.6 AIR AMBULANCE & MEDICAL EMERGENCY
             11.6.1 INCREASING DEVELOPMENTS IN EVTOL AIRCRAFT ENABLING ORGAN TRANSPORT WILL DRIVE THIS SEGMENT
     11.7 LAST MILE DELIVERY
             11.7.1 INCREASED DEMAND FOR CONTACTLESS DELIVERIES TO DRIVE THE DEMAND FOR EVTOL UAVS
     11.8 INSPECTION & MONITORING
             11.8.1 DRONES EQUIPPED WITH MULTISPECTRAL SENSORS ARE USED FOR INSPECTION AND MONITORING ACROSS INDUSTRIES
     11.9 SURVEYING & MAPPING
             11.9.1 AUTONOMOUS EVTOL ALLOW CAPTURING OF TOPOGRAPHIC DATA MUCH FASTER WITH LOWER MANPOWER
     11.10 SURVEILLANCE
             11.10.1 HI-TECH EVTOLS ARE MANUFACTURED FOR HIGHLY ADVANCED SURVEILLANCE
     11.11 SPECIAL MISSION
             11.11.1 UAVS ARE INCREASINGLY ADOPTED FOR CRITICAL MISSIONS
     11.12 OTHERS
             11.12.1 AUTONOMOUS EVTOLS ARE A MAJOR PART IN INDUSTRY AUTOMATION AND RECREATIONAL ACTIVITIES

12 EVTOL AIRCRAFT MARKET, BY MTOW (Page No. - 102)
     12.1 INTRODUCTION
              FIGURE 31 EVTOL AIRCRAFT WITH AN MTOW OF 100-1,000 KG PROJECTED TO GROW AT A HIGH RATE DURING FORECAST PERIOD
              TABLE 15 EVTOL AIRCRAFT MARKET, BY MTOW, 2017–2020 (USD MILLION)
              TABLE 16 EVTOL AIRCRAFT MARKET, BY MTOW, 2021–2030 (USD MILLION)
     12.2 <100 KG
             12.2.1 SHORT MILE APPLICATIONS DRIVE LESS THAN 100 KG MTOW SEGMENT
     12.3 100–1,000 KG
             12.3.1 INCREASED CARGO TRANSPORTATION DRIVES THIS SEGMENT
     12.4 1,000–2,000 KG
             12.4.1 INTERCITY TRANSPORT OF PASSENGERS AND CARGO IS DRIVING THIS SEGMENT
     12.5 >2,000 KG
             12.5.1 DEMAND FOR INTRACITY TRANSPORTATION OF HEAVY CARGO DRIVES >2,000 KG SEGMENT

13 EVTOL AIRCRAFT MARKET, BY RANGE (Page No. - 106)
     13.1 INTRODUCTION
              FIGURE 32 SEGMENT PROJECTED TO LEAD THE MARKET DURING THE FORECAST PERIOD
              TABLE 17 EVTOL AIRCRAFT MARKET, BY RANGE, 2017–2020 (USD MILLION)
              TABLE 18 EVTOL AIRCRAFT MARKET, BY RANGE, 2021–2030 (USD MILLION)
     13.2 <=200 KM
             13.2.1 EVTOL AIRCRAFT WITH A RANGE OF <=200 KM IS PREFERRED FOR INTRACITY TRAVEL USING URBAN AIR MOBILITY SERVICES
     13.3 >200 KM
             13.3.1 EVTOL AIRCRAFT WITH A RANGE OF >200 KM HAVE A HIGHER BATTERY CAPACITY

14 REGIONAL ANALYSIS (Page No. - 109)
     14.1 INTRODUCTION
             FIGURE 33 EVTOL AIRCRAFT MARKET: REGIONAL SNAPSHOT
     14.2 IMPACT OF COVID-19 ON THE EVTOL AIRCRAFT MARKET
             TABLE 19 EVTOL AIRCRAFT MARKET SIZE, BY REGION, 2017–2020 (USD MILLION)
             TABLE 20 EVTOL AIRCRAFT MARKET SIZE, BY REGION, 2021–2030 (USD MILLION)
     14.3 NORTH AMERICA
             FIGURE 34 NORTH AMERICA EVTOL AIRCRAFT MARKET SNAPSHOT
             14.3.1 PESTLE ANALYSIS: NORTH AMERICA
                        TABLE 21 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 22 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
                        TABLE 23 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                        TABLE 24 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                        TABLE 25 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                        TABLE 26 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.3.2 US
                        14.3.2.1 Presence of leading OEMs to drive the market
                                      TABLE 27 US: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 28 US: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 29 US: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 30 US: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.3.3 CANADA
                        14.3.3.1 Aircraft modernization programs to drive the market
                                      TABLE 31 CANADA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 32 CANADA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 33 CANADA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 34 CANADA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
     14.4 EUROPE
             FIGURE 35 EUROPE EVTOL AIRCRAFT MARKET SNAPSHOT
             14.4.1 PESTLE ANALYSIS
                        TABLE 35 EUROPE: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 36 EUROPE: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
                        TABLE 37 EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                        TABLE 38 EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                        TABLE 39 EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                        TABLE 40 EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.4.2 UK
                        14.4.2.1 Technological advancements in air travel to drive the market
                                      TABLE 41 UK: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 42 UK: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 43 UK: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 44 UK: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.4.3 FRANCE
                        14.4.3.1 Significant investments in the aviation industry to drive the market
                                      TABLE 45 FRANCE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 46 FRANCE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 47 FRANCE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 48 FRANCE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.4.4 GERMANY
                        14.4.4.1 Rising investments in air travel and connectivity to drive the market
                                      TABLE 49 GERMANY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 50 GERMANY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 51 GERMANY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 52 GERMANY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.4.5 SWITZERLAND
                        14.4.5.1 Increasing development towards a zero-carbon emission goal driving the eVTOL developments
                                      TABLE 53 SWITZERLAND: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 54 SWITZERLAND: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030(USD MILLION)
             14.4.6 THE NETHERLANDS
                        14.4.6.1 Strategic partnerships to develop the UAM ecosystem in the country will drive the market
                                      TABLE 55 THE NETHERLANDS: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 56 THE NETHERLANDS: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.4.7 REST OF EUROPE
                        14.4.7.1 Presence of leading eVTOL manufacturers and the need for reducing carbon footprint expected to boost the market
                                      TABLE 57 REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 58 REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 59 REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 60 REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
     14.5 ASIA PACIFIC
             FIGURE 36 ASIA PACIFIC EVTOL AIRCRAFT MARKET SNAPSHOT
             14.5.1 PESTLE ANALYSIS: ASIA PACIFIC
                        TABLE 61 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 62 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
                        TABLE 63 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                        TABLE 64 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                        TABLE 65 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                        TABLE 66 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.5.2 CHINA
                        14.5.2.1 Increasing domestic travel and air traffic to drive the market
                                      TABLE 67 CHINA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 68 CHINA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 69 CHINA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 70 CHINA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.5.3 INDIA
                        14.5.3.1 Five-year modernization plan for armed forces to drive the market
                                      TABLE 71 INDIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 72 INDIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 73 INDIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 74 INDIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.5.4 JAPAN
                        14.5.4.1 Increasing in-house development of aircraft to drive the market
                                      TABLE 75 JAPAN: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 76 JAPAN: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 77 JAPAN: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 78 JAPAN: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.5.5 AUSTRALIA
                        14.5.5.1 Increase in air traffic and new aircraft deliveries to drive the market
                                      TABLE 79 AUSTRALIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 80 AUSTRALIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 81 AUSTRALIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 82 AUSTRALIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.5.6 SOUTH KOREA
                        14.5.6.1 South Korea plans to commercialize urban air taxis by 2025, with complete autonomous UAM operations by 2035
                                      TABLE 83 SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 84 SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 85 SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 86 SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.5.7 REST OF ASIA PACIFIC
                        14.5.7.1 Increasing investment in UAM projects, as well as military spending, will drive market
                                      TABLE 87 REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 88 REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 89 REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 90 REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
     14.6 MIDDLE EAST
             14.6.1 PESTLE ANALYSIS
                        TABLE 91 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 92 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
                        TABLE 93 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                        TABLE 94 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                        TABLE 95 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                        TABLE 96 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.6.2 ISRAEL
                        14.6.2.1 Increased spending on R&D for UAVs for military and commercial applications to drive the market
                                      TABLE 97 ISRAEL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 98 ISRAEL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 99 ISRAEL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 100 ISRAEL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.6.3 UAE
                        14.6.3.1 Increased focus to establish an efficient urban air mobility ecosystem will drive the market
                                      TABLE 101 UAE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 102 UAE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 103 UAE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE,  2017–2020 (USD MILLION)
                                      TABLE 104 UAE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.6.4 SAUDI ARABIA
                        14.6.4.1 Increased investments in eVTOL technology will drive the market in this country
                                      TABLE 105 SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 106 SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 107 SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 108 SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.6.5 TURKEY
                        14.6.5.1 Increased spending towards technologically advanced UAVs and eVTOL aircraft to drive the market
                                      TABLE 109 TURKEY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 110 TURKEY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 111 TURKEY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 112 TURKEY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.6.6 REST OF MIDDLE EAST
                        14.6.6.1 Increasing military spending to drive the market
                                      TABLE 113 REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 114 REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 115 REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 116 REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
     14.7 LATIN AMERICA
             14.7.1 PESTLE ANALYSIS
                        TABLE 117 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
                        TABLE 118 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
                        TABLE 119 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                        TABLE 120 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                        TABLE 121 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                        TABLE 122 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.7.2 BRAZIL
                        14.7.2.1 Brazil to witness air taxi services by Airbus for intercity and intracity travel to reduce travel time
                                      TABLE 123 BRAZIL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 124 BRAZIL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 125 BRAZIL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 126 BRAZIL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.7.3 MEXICO
                        14.7.3.1 Airbus, with the establishment of its new UAM unit, aims to lay the foundation for more efficient and sustainable city travel
                                      TABLE 127 MEXICO: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                                      TABLE 128 MEXICO: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                                      TABLE 129 MEXICO: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                                      TABLE 130 MEXICO: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
             14.7.4 REST OF LATIN AMERICA
                        TABLE 131 REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
                        TABLE 132 REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
                        TABLE 133 REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
                        TABLE 134 REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)
     14.8 AFRICA
             TABLE 135 AFRICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
             TABLE 136 AFRICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
             TABLE 137 AFRICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
             TABLE 138 AFRICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2021–2030 (USD MILLION)

15 COMPETITIVE LANDSCAPE (Page No. - 158)
     15.1 INTRODUCTION
     15.2 MARKET SHARE ANALYSIS, 2020
             TABLE 139 DEGREE OF COMPETITION
             FIGURE 37 MARKET SHARE OF TOP PLAYERS IN THE EVTOL AIRCRAFT MARKET, 2020 (%)
     15.3 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2020
             FIGURE 38 REVENUE ANALYSIS OF THE TOP 5 PLAYERS IN THE EVTOL AIRCRAFT MARKET
     15.4 COMPANY EVALUATION QUADRANT
             15.4.1 STAR
             15.4.2 EMERGING LEADER
             15.4.3 PERVASIVE
             15.4.4 PARTICIPANT
                        FIGURE 39 EVTOL AIRCRAFT MARKET COMPETITIVE LEADERSHIP MAPPING, 2020
     15.5 STARTUPS EVALUATION QUADRANT
             15.5.1 PROGRESSIVE COMPANIES
             15.5.2 RESPONSIVE COMPANIES
             15.5.3 DYNAMIC COMPANIES
             15.5.4 STARTING BLOCKS
                        FIGURE 40 EVTOL AIRCRAFT MARKET STARTUPS/SME COMPETITIVE LEADERSHIP MAPPING, 2020
                        TABLE 140 PRODUCT FOOTPRINT
                        TABLE 141 APPLICATION FOOTPRINT
                        TABLE 142 RANGE FOOTPRINT
                        TABLE 143 SYSTEM FOOTPRINT
                        TABLE 144 REGIONAL FOOTPRINT
     15.6 COMPETITIVE SCENARIO
             15.6.1 DEALS
                        TABLE 145 DEALS, 2017–2021
             15.6.2 PRODUCT LAUNCHES
                        TABLE 146 PRODUCT LAUNCHES, 2017–2021
             15.6.3 OTHERS
                        TABLE 147 OTHERS, 2017–2021

16 COMPANY PROFILES (Page No. - 180)
     16.1 KEY PLAYERS
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
             16.1.1 AIRBUS SE
                        TABLE 148 AIRBUS SE: BUSINESS OVERVIEW
                        FIGURE 41 AIRBUS SE.: COMPANY SNAPSHOT
                        TABLE 149 AIRBUS SE.: DEALS
             16.1.2 ELBIT SYSTEMS LTD.
                        TABLE 150 ELBIT SYSTEMS LTD.: BUSINESS OVERVIEW
                        FIGURE 42 ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT
                        TABLE 151 ELBIT SYSTEMS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 152 ELBIT SYSTEMS LTD.: NEW PRODUCT DEVELOPMENTS
                        TABLE 153 ELBIT SYSTEMS LTD: DEALS
             16.1.3 BELL TEXTRON INC.
                        TABLE 154 BELL TEXTRON INC.: BUSINESS OVERVIEW
                        FIGURE 43 BELL TEXTRON INC.: COMPANY SNAPSHOT
                        TABLE 155 BELL TEXTRON INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             16.1.4 EHANG HOLDINGS LTD.
                        TABLE 156 EHANG HOLDINGS LTD.: BUSINESS OVERVIEW
                        FIGURE 44 EHANG HOLDINGS LTD.: COMPANY SNAPSHOT
                        TABLE 157 EHANG HOLDINGS LTD. PRODUCTS/SOLUTIONS/SERVICES OFFERED
             16.1.5 EMBRAER SA
                        TABLE 158 EMBRAER SA: BUSINESS OVERVIEW
                        FIGURE 45 EMBRAER SA: COMPANY SNAPSHOT
                        TABLE 159 EMBRAER SA PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 160 EMBRAER SA: DEALS
             16.1.6 ISRAEL AEROSPACE INDUSTRIES
                        TABLE 161 ISRAEL AEROSPACE INDUSTRIES: BUSINESS OVERVIEW
                        FIGURE 46 ISRAEL AEROSPACE INDUSTRIES.: COMPANY SNAPSHOT
                        TABLE 162 ISRAEL AEROSPACE INDUSTRIES PRODUCTS/SOLUTIONS/SERVICES OFFERED
             16.1.7 PIPISTREL
                        TABLE 163 PIPISTREL: BUSINESS OVERVIEW
                        TABLE 164 PIPISTREL PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 165 PIPISTREL: DEALS
             16.1.8 ELROY AIR
                        TABLE 166 ELROY AIR: BUSINESS OVERVIEW
                        TABLE 167 ELROY AIR: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 168 ELROY AIR: DEALS
             16.1.9 LILIUM GMBH
                        TABLE 169 LILIUM GMBH: BUSINESS OVERVIEW
                        TABLE 170 LILIUM GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 171 LILIUM GMBH: DEALS
             16.1.10 JOBY AVIATION, INC
                        TABLE 172 JOBY AVIATION, INC: BUSINESS OVERVIEW
                        TABLE 173 JOBY AVIATION, INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 174 JOBY AVIATION, INC: DEALS
             16.1.11 ARCHER AVIATION INC.
                        TABLE 175 ARCHER AVIATION INC.: BUSINESS OVERVIEW
                        TABLE 176 ARCHER AVIATION INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 177 ARCHER AVIATION INC.: DEALS
             16.1.12 VOLOCOPTER GMBH
                        TABLE 178 VOLOCOPTER GMBH: BUSINESS OVERVIEW
                        TABLE 179 VOLOCOPTER GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 180 VOLOCOPTER GMBH.: DEALS
             16.1.13 SZ DJI TECHNOLOGY CO., LTD.
                        TABLE 181 SZ DJI TECHNOLOGY CO., LTD.: BUSINESS OVERVIEW
                        TABLE 182 DJI: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             16.1.14 SAMAD AEROSPACE
                        TABLE 183 SAMAD AEROSPACE: BUSINESS OVERVIEW
                        TABLE 184 SAMAD AEROSPACE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
             16.1.15 AURORA FLIGHT SCIENCES
                        TABLE 185 AURORA FLIGHT SCIENCES: BUSINESS OVERVIEW
                        TABLE 186 AURORA FLIGHT SCIENCES: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 187 AURORA FLIGHT SCIENCES: DEALS
             16.1.16 VERTICAL AEROSPACE GROUP LTD.
                        TABLE 188 VERTICAL AEROSPACE GROUP LTD.: BUSINESS OVERVIEW
                        TABLE 189 VERTICAL AEROSPACE GROUP LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 190 VERTICAL AEROSPACE GROUP LTD.: DEALS
             16.1.17 URBAN AERONAUTICS LTD.
                        TABLE 191 URBAN AERONAUTICS LTD.: BUSINESS OVERVIEW
                        TABLE 192 URBAN AERONAUTICS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 193 URBAN AERONAUTICS LTD.: DEALS
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
     16.2 OTHER PLAYERS
             16.2.1 JAUNT AIR MOBILITY
                        TABLE 194 JAUNT AIR MOBILITY: COMPANY OVERVIEW
             16.2.2 OVERAIR
                        TABLE 195 OVERAIR: COMPANY OVERVIEW
             16.2.3 BETA TECHNOLOGIES
                        TABLE 196 BETA TECHNOLOGIES: COMPANY OVERVIEW
             16.2.4 DELOREAN AEROSPACE
                        TABLE 197 DELOREAN AEROSPACE: COMPANY OVERVIEW
             16.2.5 SKYDRIVE INC.
                        TABLE 198 SKYDRIVE INC.: COMPANY OVERVIEW
             16.2.6 TERRAFUGIA
                        TABLE 199 TERRAFUGIA: COMPANY OVERVIEW
             16.2.7 WISK AERO LLC.
                        TABLE 200 WISK AERO LLC.: COMPANY OVERVIEW
             16.2.8 OPENER, INC.
                        TABLE 201 OPENER, INC.: COMPANY OVERVIEW

17 APPENDIX (Page No. - 226)
     17.1 DISCUSSION GUIDE
     17.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     17.3 AVAILABLE CUSTOMIZATION
     17.4 RELATED REPORTS
     17.5 AUTHOR DETAILS

The research study involved the extensive use of secondary sources, directories, and databases such as D&B Hoovers, Bloomberg, and Factiva to identify and collect information relevant to the eVTOL aircraft market. Primary sources include industry experts from the eVTOL aircraft market as well as suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all segments of the value chain of this market. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), industry consultants, and C-level executives, were conducted to obtain and verify critical qualitative and quantitative information pertaining to the eVTOL aircraft market as well as to assess the growth prospects of the market.

Secondary Research

In the secondary research process, various sources were referred to for identifying and collecting information for this study. The secondary sources included government sources, such as the International Air Transport Association (IATA); the Federal Aviation Administration (FAA); the General Aviation Manufacturers Association (GAMA); corporate filings such as annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, product development/innovation teams, and related key executives from eVTOL aircraft manufacturers; system integrators; component providers; distributors; and key opinion leaders.

Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to technology, application, vertical, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, and installation teams of the customer/end users who are using eVTOL aircraft were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of eVTOL aircraft and future outlook of their business which will affect the overall market.

eVTOL Aircraft Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the eVTOL aircraft market. These methods were also used extensively to estimate the size of various segments and subsegments of the market. The research methodology used to estimate the market size included the following:

  • Key players in the industry and market were identified through extensive secondary research of their product matrix and geographical presence and developments undertaken by them.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Global eVTOL Aircraft Market Size: Bottom-Up Approach

eVTOL Aircraft Market Size, and Bottom-Up Approach

Data Triangulation

After arriving at the overall size of the eVTOL aircraft market from the estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends. Along with this, the market size was validated using the top-down and bottom-up approaches.

Report Objectives

  • To define, describe, segment, and forecast the eVTOL aircraft market based on lift technology, propulsion type, system, application, MTOW, range, and region
  • To forecast the size of various segments of the eVTOL aircraft market based on six regions—North America, Europe, Asia Pacific, the Middle East, Latin America, and Africa―along with major countries in each region
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To analyze technological advancements and product launches in the market
  • To analyze micromarkets with respect to their growth trends, prospects, and contribution to the overall market
  • To provide a detailed competitive landscape of the market, along with market share analysis of key players
  • To strategically profile key players and comprehensively analyze their market position in terms of shares and core competencies

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the eVTOL aircraft market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the eVTOL Aircraft Market
Report Code
AS 6984
Published ON
Nov, 2021
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