eVTOL Aircraft Market

eVTOL Aircraft Market by Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise), MTOW (<250 KG, 250 - 500 KG, 500 - 1500 KG, >1500 KG), Application, Mode of Operation, Type of Propulsion, Range, and Region - Global Forecast to 2030

Report Code: AS 6984 Mar, 2019, by marketsandmarkets.com

[139 Pages Report] The electric Vertical Take-off and Landing (eVTOL) aircraft market is projected to grow from USD 162 million in 2025 to USD 411 million by 2030, at a CAGR of 20.42% from 2025 to 2030. The need to increase operational efficiency, reduction in human intervention for intercity and intracity transportation using eVTOLs, and growing investment activities around the world are key factors expected to drive the market growth.

eVTOL Aircraft Market

Vectored thrust segment projected to grow at the highest CAGR during the forecast period

Based on lift technology, the eVTOL aircraft market has been segmented into vectored thrust, multirotor, and lift plus cruise. The vectored thrust segment is projected to grow at the highest CAGR during the forecast period owing to the higher endurance and efficiency provided by this technology to eVTOL aircraft. In addition to this, increasing investments from various manufacturers for the use of eVTOL aircraft in commercial applications, such as air taxi, passenger air travel, cargo transportation, and air ambulance, are driving the growth of this segment.

Electric battery segment estimated to lead the market during the forecast period

Based on type of propulsion, the eVTOL aircraft market has been segmented into electric battery, electric hybrid, and electric hydrogen. The electric battery segment is projected to lead the market during the forecast period. The growth of this segment can be attributed to the development of various eVTOL aircraft by prominent market players. These aircraft are in the flight-testing phase and are expected to get commercialized by the year 2025. This commercialization will enable the companies to generate a huge amount of contracts and partnerships with taxi service providers from 2025.

eVTOL Aircraft Market

Asia Pacific to be the fastest-growing market for eVTOL aircraft during the forecast period

The Asia Pacific eVTOL aircraft market is projected to grow at the highest rate during the forecast period. The market growth in this region can be attributed to increased investments by leading eVTOL and drone manufacturers to develop urban air mobility for commercial applications. Advancements in the manufacturing capability of the region’s emerging economies will drive the market. Additionally, the ever-increasing trend of automation and globalization in Asia Pacific countries is fueling the growth of this regional market.

Key Market Players

Some of the key players profiled in the eVTOL aircraft market report include Kitty Hawk (US), Lilium (Germany), EHang (China), Volocopter (Germany), Bell Helicopter (US), and A3 by Airbus (US). Partnerships, expansions, and new product launches were key strategies adopted by these players to achieve growth in the market. These strategies accounted for the major share of the total growth strategies adopted by the leading players in 2018.

Recent Developments

  • In January 2019, Bell Helicopter revealed its full-scale electric vertical take-off and landing air taxi vehicle during the CES 2019 held in Las Vegas, US. The air taxi, named Bell Nexus, is powered by a hybrid-electric propulsion system and features Bell’s signature powered lift concept incorporating six tilting ducted fans that are designed to safely and efficiently redefine air travel.
  • In June 2018, Pipistrel announced the start of construction of the second half of its production facility in Gorizia, Italy. The cost of this expansion is estimated to be USD 4.3 million. The official opening of the plant is expected to be at the end of 2019.

Key Questions

  • How will the drivers, challenges, and future opportunities for the eVTOL aircraft market affect its dynamics and the subsequent market analysis of the associated trends?
  • What are the key sustainability strategies adopted by leading players operating in the market?
  • What are the upcoming disrupters in this market that can be potential targets for partnerships/mergers?
  • Who are the top players operating in this market?
  • Which are the new geographies that can be potential revenue pockets for the eVTOL aircraft market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 16)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Regional Scope
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 20)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
           2.1.3 Market Definition & Scope
           2.1.4 Exclusions
    2.2 Research Approach & Methodology
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Research Methodology -1
                               2.2.1.1.1 Regional eVTOL Aircraft Market
                               2.2.1.1.2 eVTOL Aircraft Market Size Calculation
                    2.2.1.2 Research Methodology -2
           2.2.2 Top-Down Approach
    2.3 Triangulation & Validation
           2.3.1 Triangulation Through Secondary
           2.3.2 Triangulation Through Primaries
    2.4 Research Assumptions
           2.4.1 Market Sizing
           2.4.2 Market Forecasting
    2.5 Risks Analysis

3 Executive Summary (Page No. - 30)

4 Premium Insights (Page No. - 33)
    4.1 Attractive Opportunities in the eVTOL Aircraft Market From 2025 to 2030
    4.2 eVTOL Aircraft Market, By Application
    4.3 eVTOL Aircraft Market, By Type of Propulsion
    4.4 eVTOL Aircraft Market, By Country

5 Market Overview (Page No. - 35)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Increasing Road Traffic Congestion in Urban Areas
                    5.2.1.2 Need for Quick Transportation
           5.2.2 Restraints
                    5.2.2.1 Certification
           5.2.3 Opportunities
                    5.2.3.1 Need for Mro and Charging Stations at Vertiports
                    5.2.3.2 Increasing Number of eVTOL Aircraft Pilots
           5.2.4 Challenges
                    5.2.4.1 City Infrastructure
                    5.2.4.2 Social Acceptance By Consumers
                    5.2.4.3 Design Complexities

6 Industry Trends (Page No. - 40)
    6.1 Introduction
    6.2 eVTOL Aircraft Trends in Future
           6.2.1 Artificial Intelligence
           6.2.2 Big Data Analytics
           6.2.3 Internet of Things (IoT)
    6.3 eVTOL Aircraft Currently Under Development Phase
    6.4 Top Five Companies Offering High-Configuration eVTOL Aircraft
    6.5 Emerging Technology Trends in the eVTOL Industry
           6.5.1 Detect & Avoid
           6.5.2 Increasingly Autonomous System
           6.5.3 Distributed Electric Propulsion (DEP)
           6.5.4 Advanced Air Traffic Management System for eVTOL Aircraft
           6.5.5 Prevention & Recovery Systems for eVTOL Aircraft
           6.5.6 Hydrogen Fuel Cell
           6.5.7 Leading Edge Asynchronous Propeller Technology
           6.5.8 Advanced Battery Power
    6.6 Innovations and Patent Registrations, 2015-2018

7 eVTOL Aircraft Market, By Lift Technology (Page No. - 47)
    7.1 Introduction
    7.2 Vectored Thrust
           7.2.1 Designed to Support Long Distance Operations
    7.3 Multirotor
           7.3.1 Multirotor eVTOLs Will Be Used Mostly for Commercial Applications
    7.4 Lift Plus Cruise
           7.4.1 Lift Plus Cruise Design has Been Used By Leading eVTOL Manufacturers
    7.5 Others (Electric Rotorcraft and Hoverbikes)
           7.5.1 Electric Rotorcraft
                    7.5.1.1 Electric Rotorcraft is an Ultralight Helicopter
           7.5.2 Hoverbikes
                    7.5.2.1 Hoverbikes Would Initially Be Used By Recreational and Homeland Security Sectors

8 eVTOL Aircraft Market, By Application (Page No. - 51)
    8.1 Introduction
    8.2 Commercial
           8.2.1 By Propulsion
                    8.2.1.1 Fully Electric eVTOLs Will Be Majorly Used for Commercial Transportation Operations
           8.2.2 By Lift Technology
                    8.2.2.1 Driven By Requirement for Quick Intracity Transportation
           8.2.3 By Mtow
                    8.2.3.1 Commercial eVTOL are Being Developed to Carry More Than 1500kg
    8.3 Military
           8.3.1 By Propulsion
                    8.3.1.1 in Military Sector Fully Electric and Hybrid eVTOL are Used for the Foremost Operations
           8.3.2 By Lift Technology
                    8.3.2.1 Adoption of Vectored Thrust eVTOLs is Higher in Military Operations
           8.3.3 By Mtow
                    8.3.3.1 eVTOL Carrying 0-250 Kgs are Mostly Used By Military Sector
    8.4 Cargo
           8.4.1 By Propulsion
                    8.4.1.1 Huge Investments By Venture Capitalists in Drone Logistics
           8.4.2 By Lift Technology
                    8.4.2.1 Multirotor eVTOLs Will Be Majorly Used for Cargo Operations
           8.4.3 By Mtow
                    8.4.3.1 The Rising Interest in eVTOL Aircraft for the Delivery of Packages

9 eVTOL Aircraft Market, By Type of Propulsion (Page No. - 57)
    9.1 Introduction
    9.2 Fully Electric
           9.2.1 Increasing Demand for Fully Electric Aircraft
    9.3 Hybrid
           9.3.1 Electric Hybrid Battery Supports Long Distance Travel
    9.4 Electric Hydrogen
           9.4.1 eVTOL Manufacturers are Developing Better Storage Facilities for the Hydrogen Batteries

10 eVTOL Aircraft Market, By Mtow (Page No. - 60)
     10.1 Introduction
     10.2 <250 Kilograms
             10.2.1 Small eVTOL Aircraft That are Majorly Used in Commercial Applications
     10.3 250-500 Kilograms
             10.3.1 Close-Range (CR) eVTOL Aircraft and Short-Range (SR) eVTOL Aircraft
     10.4 500-1,500 Kilograms
             10.4.1 eVTOL Aircraft are Used for Military and Commercial Applications
     10.5 1,500 Kilograms and Above
             10.5.1 Major eVTOL Manufacturers are Developing This Model

11 eVTOL Aircraft Market, By Mode of Operation (Page No. - 63)
     11.1 Introduction
     11.2 Optionally Piloted
             11.2.1 Increasing Investments By Manufacturers and Government Bodies in the Development of Optionally Piloted eVTOL Aircraft
     11.3 Piloted
             11.3.1 Dependancy on Pilots to Ensure Safety During Flight Operations

12 eVTOL Aircraft Market, By Range (Page No. - 66)
     12.1 Introduction
     12.2 0-200 Km
             12.2.1 Intracity Commute for Passengers Opting Urban Air Mobility Services
     12.3 200–500 Km
             12.3.1 eVTOL Will Mostly Be Used for Intercity Commute

13 eVTOL Aircraft Market, By Region (Page No. - 69)
     13.1 Introduction
     13.2 North America
             13.2.1 US
                        13.2.1.1 Presence of Major eVTOL Manufactures, Resulting in Increasing Adoption of eVTOL in Commercial and Military Sector
     13.3 Europe
             13.3.1 Germany
                        13.3.1.1 Germany Exploring the Use of eVTOL Aircraft for Emergency Services in Public Safety Applications
             13.3.2 France
                        13.3.2.1 France has Long Term Plans for Sustainable Integration of eVTOL for Uam
             13.3.3 Switzerland
                        13.3.3.1 Capital of the Republic of Switzerland Will Aid in the Promotion and Development of eVTOL Aircraft in the Country
             13.3.4 Belgium
                        13.3.4.1 Belgium Holds A Promising Future for the Development of eVTOL Aircraft
             13.3.5 Bulgaria
                        13.3.5.1 Bulgaria is Among the Countries Supported By the European Union’s eVTOL Aircraft Initiative
             13.3.6 Finland
                        13.3.6.1 Finland Will Start Drone Delivery Service Shortly
             13.3.7 Poland
                        13.3.7.1 Poland is Ahead in the Adoption of Unmanned Systems in Civil and Commercial Applications, Such as Passenger and Cargo Transportation
             13.3.8 The Netherlands
                        13.3.8.1 The Netherlands Going to Use eVTOL for Field of Emergency Services
             13.3.9 Estonia
                        13.3.9.1 Estonia Going to Use eVTOL for Parcel Delivery
     13.4 Asia Pacific
             13.4.1 Japan
                        13.4.1.1 Japan has Ambitious Plans to Develop the Unmanned Ecosystem for Civil and Commercial
             13.4.2 Australia
                        13.4.2.1 Australia Selected By Uberair to Have an Operational Air Taxi Service
             13.4.3 India
                        13.4.3.1 India is Estimated to Be One of the Most Challenging Markets for Commercialization of eVTOLs
             13.4.4 New Zealand
                        13.4.4.1 New Zealand to Develop A Sophisticated Utm Network for eVTOL
             13.4.5 China
                        13.4.5.1 China to Use eVTOL for Quicker Travel Within City and Intercity
             13.4.6 South Korea
                        13.4.6.1 South Korea to Invest More Than Billion for R&D of Passenger Drones
             13.4.7 Singapore
                        13.4.7.1 Caas has Started Testing Operations of eVTOL Aircraft in Singapore
     13.5 Middle East
             13.5.1 UAE
                        13.5.1.1 UAE is Planning to Launch First Operational Drone Taxi in the World
     13.6 Latin America
             13.6.1 Brazil
                        13.6.1.1 Brazil is Promising Market for eVTOL Aircraft Due to Presence of Huge Network of Already Existing Heliports

14 Competitive Landscape (Page No. - 95)
     14.1 Introduction
     14.2 Startups Competitive Leadership Mapping
             14.2.1 Visionary Leaders
             14.2.2 Innovators
             14.2.3 Dynamic Differentiators
             14.2.4 Emerging Companies
     14.3 Ranking of Key Players, 2022
     14.4 Competitive Scenario
             14.4.1 New Product Launches
             14.4.2 Expansions
             14.4.3 Partnerships and Agreements

15 Company Profile (Page No. - 101)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     15.1 Introduction
     15.2 A³ By Airbus
     15.3 Aurora Flight Sciences
     15.4 Lilium
     15.5 Embraer
     15.6 Ehang
     15.7 Volocopter
     15.8 Workhorse
     15.9 Pipistrel
     15.10 Bell Helicopter
     15.11 Neva Aerospace
     15.12 Opener
     15.13 Kitty Hawk
     15.14 Joby Aviation
     15.15 Karem Aircraft
     15.16 Lift Aircraft

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

16 Appendix (Page No. - 119)
     16.1 Discussion Guide
     16.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     16.3 Available Customization
     16.4 Related Reports
     16.5 Author Details


List of Tables (73 Tables)

Table 1 Types of Advanced Aircraft Batteries
Table 2 Innovations and Patent Registrations
Table 3 eVTOL Aircraft Market Size, By Lift Technology, 2022-2030 (USD Million)
Table 4 eVTOL Aircraft Market Size, By Application, 2022–2030 (USD Million)
Table 5 Commercial eVTOL Aircraft Market Size, By Propulsion, 2022–2030 (USD Million)
Table 6 Commercial eVTOL Aircraft Market Size, By Lift Technology, 2022–2030 (USD Million)
Table 7 Commercial eVTOL Aircraft Market Size, By Mtow, 2022–2030 (USD Million)
Table 8 Military eVTOL Aircraft Market Size, By Propulsion, 2022–2030 (USD Million)
Table 9 Military eVTOL Aircraft Market Size, By Lift Technology, 2022–2030 (USD Million)
Table 10 Military eVTOL Aircraft Market Size, By Mtow, 2022–2030 (USD Million)
Table 11 Cargo eVTOL Aircraft Market Size, By Propulsion, 2022–2030 (USD Million)
Table 12 Cargo eVTOL Aircraft Market Size, By Lift Technology, 2022–2030 (USD Million)
Table 13 Cargo eVTOL Aircraft Market Size, By Mtow, 2022–2030 (USD Million)
Table 14 eVTOL Aircraft Market Size, By Type of Propulsion, 2022-2030 (USD Million)
Table 15 eVTOL Aircraft Market Size, By Mtow, 2022–2030 (USD Million)
Table 16 eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 17 eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 18 eVTOL Aircraft Market Size, By Region, 2022–2030 (USD Million)
Table 19 North America eVTOL Aircraft Market Size, By Country, 2022–2030 (USD Million)
Table 20 US eVTOL Aircraft Market Size, By Application, 2022–2030 (USD Million)
Table 21 US eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 22 US eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 23 Europe eVTOL Aircraft Market Size, By Country, 2022–2030 (USD Million)
Table 24 Europe eVTOL Aircraft Market Size, By Application, 2022–2030 (USD Million)
Table 25 Europe eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 26 Europe eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 27 Germany eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 28 Germany eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 29 France eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 30 France eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 31 Switzerland eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 32 Switzerland eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 33 Belgium eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 34 Belgium eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 35 Bulgaria eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 36 Bulgaria eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 37 Finland eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 38 Finland eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 39 Poland eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 40 Poland eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 41 The Netherlands eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 42 The Netherlands eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 43 Estonia eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 44 Estonia eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 45 Asia Pacific eVTOL Aircraft Market Size, By Country, 2022–2030 (USD Million)
Table 46 Asia Pacific eVTOL Aircraft Market Size, By Application, 2022–2030 (USD Million)
Table 47 Asia Pacific eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 48 Asia Pacific eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 49 Japan eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 50 Japan eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 51 Australia eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 52 Australia eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 53 India eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 54 India eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 55 New Zealand eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 56 New Zealand eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 57 China eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 58 China eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 59 South Korea eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 60 South Korea eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 61 Singapore eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 62 Singapore eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 63 Middle East eVTOL Aircraft Market Size, By Country, 2022–2030 (USD Million)
Table 64 UAE eVTOL Aircraft Market Size, By Application, 2022–2030 (USD Million)
Table 65 UAE Pacific eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 66 UAE eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 67 Latin America eVTOL Aircraft Market Size, By Country, 2022–2030 (USD Million)
Table 68 Brazil eVTOL Aircraft Market Size, By Application, 2022–2030 (USD Million)
Table 69 Brazil Pacific eVTOL Aircraft Market Size, By Mode of Operation, 2022–2030 (USD Million)
Table 70 Brazil eVTOL Aircraft Market Size, By Range, 2022–2030 (USD Million)
Table 71 New Product Launches, 2014–2019
Table 72 Expansions, 2014–2019
Table 73 Partnerships and Agreements, 2014–2019


List of Figures (31 Figures)

Figure 1 eVTOL Aircraft Market Segmentation
Figure 2 Research Process Flow
Figure 3 Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Based on Application, Commercial Segment is Projected to Lead eVTOL Aircraft Market From 2025 to 2030
Figure 8 Based on Lift Technology, Vectored Thrust Segment is Projected to Lead eVTOL Aircraft Market From 2025 to 2030
Figure 9 Based on Mode of Operation, Piloted Segment is Estimated to Account for the Larger Share of eVTOL Aircraft Market in 2025
Figure 10 Need for Quick Intercity and Intracity Transportation Fueling the Growth of eVTOL Aircraft Market Across the Globe
Figure 11 eVTOL Aircraft Market, By Application, 2025 & 2030
Figure 12 eVTOL Aircraft Market, By Type of Propulsion, 2025
Figure 13 Singapore eVTOL Aircraft Market Projected to Grow at the Highest CAGR From 2025 to 2030
Figure 14 Market Dynamics of the eVTOL Aircraft Market
Figure 15 Time Spent in Peak Traffic Congestion, 2017
Figure 16 Maximum Takeoff Weight and Range of eVTOL Aircraft Offered By Top Five Players
Figure 17 Vectored Thurst Segment to Lead the eVTOL Aircraft Market From 2025 to 2030
Figure 18 Commercial Segment to Lead the eVTOL Aircraft Market From 2025 to 2030
Figure 19 Fully Electric Segment to Lead the eVTOL Aircraft Market From 2025 to 2030
Figure 20 The 250-500 Kilograms Segment to Lead the eVTOL Aircraft Market From 2025 to 2030
Figure 21 Piloted Segment to Lead the eVTOL Aircraft Market From 2022 to 2030
Figure 22 200-500km Segment to Lead the eVTOL Aircraft Market From 2025 to 2030
Figure 23 Asia Pacific eVTOL Aircraft Market Projected to Grow at the Highest Rate From 2025 to 2030
Figure 24 North America eVTOL Aircraft Market Snapshot
Figure 25 Europe eVTOL Aircraft Market Snapshot
Figure 26 Asia Pacific eVTOL Aircraft Market Snapshot
Figure 27 Key Developments By Leading Players in eVTOL Aircraft Market Between 2014 and 2019
Figure 28 eVTOL Aircraft Market Startups Competitive Leadership Mapping, 2022
Figure 29 Market Share of Top Players in the eVTOL Aircraft Market, 2022
Figure 30 Embraer: Company Snapshot
Figure 31 Workhorse Group: Company Snapshot

This research study involved extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva to identify and collect information relevant to the electric Vertical Take-off and Landing (eVTOL) aircraft market. Primary sources included industry experts from the core and related industries as well as preferred suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all the segments of this industry’s value chain. All primary sources were interviewed to obtain and verify critical qualitative and quantitative information as well as to assess the prospects of the market during the forecast period.

Secondary Research:

The share of companies in the eVTOL aircraft market was determined using secondary data made available through paid and unpaid sources and by analyzing their product portfolios. The companies were rated based on the performance and quality of their products. These data points were further validated by primary sources.

Secondary sources referred for this research study on the eVTOL aircraft market included financial statements of companies offering eVTOL and information from various trade, business, and professional associations. Secondary data was collected and analyzed to arrive at the overall size of the eVTOL aircraft market, which was further validated by primary respondents.

Primary Research:

Extensive primary research was conducted after acquiring knowledge about the current scenario of the eVTOL aircraft market through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across 5 major regions, namely, North America, Europe, Asia Pacific, the Middle East, and Latin America. This primary data was collected through questionnaires, emails, and telephonic interviews.

eVTOL Aircraft 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 size of the eVTOL aircraft market. The research methodology used to estimate the size of the market includes the following details:

  • Key players in the market were identified through secondary research, and their market share determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources which were then verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the eVTOL aircraft market.

Data Triangulation

After arriving at the overall size of the eVTOL aircraft market from the market size 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 from both the demand and supply sides. Along with this, the market size was validated using both, top-down and bottom-up approaches.

Objectives of the Study

  • To define, describe, and forecast the eVTOL aircraft market based on lift technology, application, mode of operation, range, MTOW, type of propulsion, and region
  • To analyze the degree of competition in the market by mapping the contracts, products, and services of key market players
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, the Middle East, and Latin America, along with major countries in each region
  • To strategically profile key market players and comprehensively analyze their market share and core competencies
  • To track and analyze competitive developments, such as joint ventures, mergers, and new product launches in the market
  • To identify detailed financial positions, key products, and unique selling points of leading companies in the market
  • To identify industry trends, market trends, and technology trends currently prevailing in the market

Scope of the Report

Report Metric

Details

Market Size Available for Years

2022–2030

Base Year Considered

2022

Forecast Period

2025–2030

Forecast Units

Value (USD Million)

Segments Covered

Lift Technology, Application, Mode of Operation, Type of Propulsion, MTOW, Range, and Region

Geographies Covered

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

Companies Covered

Kitty Hawk (US), Lilium (Germany), EHang (China), Volocopter (Germany), and A3 by Airbus (US), among others. A total of 14 major players covered.

This research report categorizes the eVTOL aircraft market into the following segments and subsegments:

By Lift Technology

  • Vectored Thrust
  • Multirotor
  • Lift Plus Cruise

By Mode of Operation

  • Piloted
  • Optionally Piloted

By Range

  • (0 to 200 Kilometers)
  • (200 to 500 Kilometers)

By Application

  • Commercial
  • Military
  • Cargo

By MTOW

  • <250 Kilograms
  • 250–500 Kilograms
  • 500–1,500 Kilograms
  • >1,500 Kilograms

By Type of Propulsion

  • Electric/Battery
  • Electric/Hybrid
  • Electric/Hydrogen

By Region

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

Available Customizations:

Along with market data, MarketsandMarkets offers customizations as per the specific needs of a company. The following customization options are available for the report:

  • Market Segmentation, By Size
    • Country-wise breakup
  • eVTOL Market
    • By Region
Report Code
AS 6984
Published ON
Mar, 2019
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Marie Steelle

Senior Research analyst- MarketsandMarkets

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