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 2030
Updated on : April 04, 2023
The global eVTOL Aircraft Market was valued at $8,500 Million in 2021 and is estimated to grow from $11,3 Million in 2023 to $30,8 Million by 2030 at a CAGR (Compound Annual Growth Rate) 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.
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COVID-19 Impact on the Global eVTOL Aircarft Market
The sudden outbreak of 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 Electric VTOL aircraft include transportation of medical supplies by companies like Zipline and mostly for aerial photography. Retail and other logistics companies are increasingly looking toward 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 Electric VTOL aircraft uses the above sustainable aviation fuel to reduce carbon emissions. As per the US Department of Transportation’s Volpe National Transportation Systems Center, ElectricVTOL 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 Electric VTOL.
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 Electric VTOL 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 Electric VTOL developer’s piloted, four-passenger VA-X4 aircraft.
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 Electric VTOL 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 Electric VTOL 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 Electric VTOL 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 assists in real-time decision-making to establish safe navigation during bad weather.
Short-range operations is expected to fuel the growth of the multirotor eVTOL aircraft market during the forecast period.
The multirotor segment is estimated to lead the market during the forecast period, with a share of 79% in 2021. Multirotors are increasingly used in an array of applications, from passenger transport, and emergency services to recreational activities like aerial photography. The lift plus cruise segment is expected to grow at the highest rate during the forecast period as leading manufacturers in the eVTOL market are adopting the lift plus cruise technology as it is less complex and enables long-range travel with stability.
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 the highest CAGR rate for the eVTOL aircraft market during the forecast period.Hydrogen fuel cells are an alternative power source for Electric VTOL. 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 aircraftmarket 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 piloted segment is projected to witness the highest CAGR during the forecast period
Based on the mode of operation, the piloted segment is projected to grow at the highest CAGR rate for the eVTOL aircraft market during the forecast period. Large deployment in civil applications, including air taxi and ems services, will drive this segment. Most of civil Electric VTOL aircraft are designed for urban air mobility, air taxis, medical assistance, and personnel passenger transportation.
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.Electric VTOL aircraft with an MTOW of 100 -1,000 kg are used for intercity travel of passengers and cargo transportation. The payload that this eVTOL aircraft carries is less than 200 kg. Thus, these aircraft are preferably used for cargo transportation.
The >200 km segment is projected to witness the highest CAGR during the forecast period
Based on range, the >200 km segment is projected to grow at the highest CAGR rate for the eVTOL aircraft market during the forecast period.Electric VTOL aircraft with a range of >200 km have higher battery capacity. Some of the applications of this aircraft include last mile delivery, air taxis, and private transport.
The North American market is projected to contribute the largest share from 2021 to 2026
eVTOL aircraft market in North America is projected to hold the highest market share during the forecast period. North America accounted for the largest share of 34.5% of the eVTOL aircraft market and is expected to grow at a CAGR of 17.0% during the forecast period. 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.
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Key Market Players
The eVTOL aircraft market is dominated by a few globally establishedplayers such asAirbus SE (Netherlands), Bell Textron Inc. (US), Embraer SA (Brazil), EHang Holdings Ltd (China), and Elbit Systems Ltd. (Israel).
eVTOL Aircraft Market Report Scope:
|
Report Metric |
Details |
| Estimated Market Size | USD 8.5 Billion |
| Projected Market Size | USD 30.8 Billion |
| Growth Rate | 15.3% |
|
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 |
|
|
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.
eVTOL Aircraft Market 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
eVTOL Aircraft Market By Region
- North America
- Asia Pacific
- Europe
- Middle East
- Latin America
- Africa
Recent Developments
- InAugust 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
What are your views on the growth prospect of the eVTOL aircraft market?
Response: The eVTOL aircraft market is expected to grow substantially. The growth of this market is mainly driven by the deployment of urban air mobility aircraft and the increasing use of eVTOL aircraft for cargo applications and different aerial mission-specific activities.
What are the key sustainability strategies adopted by leading players operating in the eVTOL aircraft market?
Response: Key players have adopted various organic and inorganic strategies to strengthen their position in the eVTOL aircraft market. The major players include Airbus SE (Netherlands), Bell Textron Inc. (US), Embraer SA (Brazil), EHang Holdings Ltd (China), and Elbit Systems Ltd. (Israel), these players have adopted various strategies, such as acquisitions, contracts, new product launches, and partnerships & agreements, to expand their presence in the market further.
What are the new emerging technologies and use cases disrupting the eVTOL aircraft market?
Response: The development of electrical power is creating new opportunities for manufacturers to increase the efficiency of aircraft power systems by reducing the weight and volume of aircraft. Disruptive technologies have made some large-scale innovations possible over the years in the aerospace industry. Urban air mobility (UAM) is one such concept, which is expected to enable travelers to access on-demand air mobility, cargo, and package delivery. Energy harvesting is being considered to reduce the dependency of an aircraft on batteries for power supply.
Who are the key players and innovators in the ecosystem of the eVTOL aircraft market?
Response: The key players in the aircraft pumps market include Airbus SE (Netherlands), Bell Textron Inc. (US), Embraer SA (Brazil), EHang Holdings Ltd (China), and Elbit Systems Ltd. (Israel).
Which region is expected to hold the highest market share in the eVTOL aircraft market?
Response: eVTOL aircraft market in North America is projected to hold the highest market share during the forecast period. North America accounted for the largest share of 34.5% of the eVTOL aircraft market and is expected to grow at a CAGR of 17.0% during the forecast period. 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. .
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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 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 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 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 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 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 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 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 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 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 MARKET
TABLE 19 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: MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 22 NORTH AMERICA: MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
TABLE 23 NORTH AMERICA: MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 24 NORTH AMERICA: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 25 NORTH AMERICA: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 26 NORTH AMERICA: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 29 US: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 30 US: 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: MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 32 CANADA: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 33 CANADA: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 34 CANADA: 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: MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
TABLE 37 EUROPE: MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 38 EUROPE: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 39 EUROPE: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 40 EUROPE: 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: MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 42 UK: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 43 UK: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 44 UK: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 47 FRANCE: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 48 FRANCE: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 51 GERMANY: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 52 GERMANY: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 54 SWITZERLAND: 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: 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: MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 58 REST OF EUROPE: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 59 REST OF EUROPE: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 60 REST OF EUROPE: 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: MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
TABLE 62 ASIA PACIFIC: MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
TABLE 63 ASIA PACIFIC: MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 64 ASIA PACIFIC: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 65 ASIA PACIFIC: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 66 ASIA PACIFIC: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 69 CHINA: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 70 CHINA: 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: MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 72 INDIA: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 73 INDIA: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 74 INDIA: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 77 JAPAN: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 78 JAPAN: 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: MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 80 AUSTRALIA: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 81 AUSTRALIA: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 82 AUSTRALIA: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 85 SOUTH KOREA: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 86 SOUTH KOREA: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 89 REST OF ASIA PACIFIC: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 90 REST OF ASIA PACIFIC: 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: MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
TABLE 93 MIDDLE EAST: MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 94 MIDDLE EAST: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 95 MIDDLE EAST: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 96 MIDDLE EAST: 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: MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 98 ISRAEL: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 99 ISRAEL: 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: MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 102 UAE: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 103 UAE: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 104 UAE: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 107 SAUDI ARABIA: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 108 SAUDI ARABIA: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 111 TURKEY: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 112 TURKEY: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 115 REST OF MIDDLE EAST: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 116 REST OF MIDDLE EAST: 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: MARKET, BY COUNTRY, 2021–2030 (USD MILLION)
TABLE 119 LATIN AMERICA: MARKET, BY LIFT TECHNOLOGY, 2017–2020 (USD MILLION)
TABLE 120 LATIN AMERICA: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 121 LATIN AMERICA: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 122 LATIN AMERICA: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 125 BRAZIL: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 126 BRAZIL: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 129 MEXICO: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 130 MEXICO: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 133 REST OF LATIN AMERICA: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 134 REST OF LATIN AMERICA: 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: MARKET, BY LIFT TECHNOLOGY, 2021–2030 (USD MILLION)
TABLE 137 AFRICA: MARKET, BY PROPULSION TYPE, 2017–2020 (USD MILLION)
TABLE 138 AFRICA: 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.
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
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
Generating Response ...
Growth opportunities and latent adjacency in eVTOL Aircraft Market
Surveying new developments in the aerospace market - the abstract would enable the management to judge if further study in the area is required.
We are currently researching and developing out own evtol craft, and I am seeking more information on the economics of the evtol market.