eVTOL Aircraft Market

eVTOL Aircraft Companies - Airbus SE (Netherlands) and Elbit Systems Ltd.(Israel) are the Key Players

The eVTOL aircraft market size is projected to grow from an estimated USD 1.2 Billion in 2023 to USD 23.4 Billion by 2030, at a CAGR of 52.0% during the forecast period.

An electric vertical take-off and landing aircraft (eVTOL) uses either fully electric or electric hybrid power sources to take off, land, and hover vertically. Technological advancements in the field of aerospace engineering have contributed to the development of electric systems, such as electric and hybrid propulsion systems, electric sub-systems, and aerostructures. The eVTOL aircraft market size is calculated by considering different lift technologies and applications and different specifications like MTOW and range. The eVTOL aircraft is an integral part of advanced air mobility.

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Agreements, collaborations, new product launches, contracts, expansion, acquisitions, and partnerships are among some of the key strategies adopted by the leading market players to strengthen and sustain their position in the eVTOL aircraft market.

 Major players operating in the eVTOL aircraft market include Airbus SE (Netherlands), Elbit Systems Ltd.(Israel), Bell Textron, Inc. (US), Ehang Holdings Ltd. (China), Embraer SA (Brazil), Israel Aerospace Industries (Israel), Pipistrel (Slovenia), Elroy Air(US), Lilium Gmbh(Germany), Joby Aviation, Inc (US), Archer Aviation Inc.(US), Volocopter Gmbh(Germany), SZ DJI Technology Co., Ltd(Gmbh), Aurora Flight Sciences (US), Urban Aeronautics Ltd(UK) among others.

Airbus SE

Airbus SE is a multinational aerospace company based in the Netherlands. Airbus S.E, a leading global aerospace company, is at the forefront of the emerging electric Vertical Take-Off and Landing (eVTOL) market. With its strong industry presence and expertise, Airbus is strategically positioned to capitalize on the growing demand for urban air mobility solutions. Leveraging its extensive research and development capabilities, Airbus has made significant strides in developing innovative eVTOL aircraft that offer efficient, safe, and sustainable transportation options. As a pioneer in this transformative sector, Airbus is committed to shaping the future of urban mobility and revolutionizing the way people travel, thereby establishing itself as a key player in the evolving eVTOL market.

Elbit Systems Ltd.

Elbit Systems, a renowned global defense technology company, is actively engaged in the dynamic and promising electric Vertical Take-Off and Landing (eVTOL) market. Drawing on its rich heritage of innovation and cutting-edge capabilities, Elbit Systems is well-positioned to capitalize on the expanding demand for advanced aerial mobility solutions. With a strong focus on research and development, Elbit Systems has made significant strides in designing and producing state-of-the-art eVTOL platforms that offer exceptional performance, reliability, and mission capabilities. As a trailblazer in this transformative field, Elbit Systems is dedicated to revolutionizing urban air transportation and establishing itself as a leading player in the evolving eVTOL market.

Bell Textron Inc

Bell Textron Inc. is a leading supplier of helicopters and related spare parts and services. Bell is the pioneer of the revolutionary tiltrotor aircraft. Bell is one of the leading suppliers of helicopters to the US government and, in association with the Boeing Company, the only supplier of military tiltrotor aircraft. Tiltrotor aircraft are designed to provide the benefits of both helicopters and fixed-wing aircraft.

EHang Holdings Limited

EHang Holdings Limited is a Chinese company that designs, develops, manufactures, and operates passenger-grade autonomous aerial vehicles (AAVs), or "eHang AAVs." EHang's AAVs are designed for urban air mobility (UAM). The company's AAVs are electric vertical takeoff and landing (eVTOL) aircraft that can carry up to four passengers. The AAVs are fully autonomous and do not require a pilot. EHang's AAVs have been certified by the Civil Aviation Administration of China (CAAC) and the European Union Aviation Safety Agency (EASA). The company has also conducted over 2,000 test flights of its AAVs. EHang's AAVs are used for a variety of applications, including tourism, leisure, and transportation. The company has partnered with a number of companies, including the Dubai Airshow and the Las Vegas Convention Center, to deploy its AAVs. EHang's business model is based on the sale of its AAVs and the provision of UAM services.

Embraer SA

Embraer SA is a manufacturer of jets based in Brazil. The company produces aircraft for commercial and executive aviation, as well as for defense and security purposes and related services. Its segments include Commercial Aviation, which involves the development, production, and sale of commercial jets, and the rendering of support services, particularly in the regional aviation segment and aircraft leases. The Executive Jet business segment markets its executive jets to companies, including fractional ownership companies, charter and air-taxi companies, and high-net-worth individuals and flight academies. The Defense and Security segment designs develops, manufactures, and supports a range of integrated solutions for the defense and security market. The Other Related Businesses provides fuel systems, structural parts, and mechanical and hydraulic systems to Sikorsky Aircraft Corporation for its production of helicopters. EmbraerX is the disruptive innovation subsidiary of the Embraer Group, which is based in the US and is the business group involved in developing eVTOL aircraft for urban air mobility (UAM). Embraer operates its eVTOL operations through its EVE Air Mobility branch. 

Related Reports:

eVTOL Aircraft Market by Lift Technology, Propulsion Type, System (Batteries & Cells, Electric Motors/Engine, Aerostructures, Avionics, Software), Mode of Operation, Application, Mtow, Range and Region - Global Forecast to 2030

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eVTOL  Aircraft Market Size,  Share & Growth Report
Report Code
AS 6984
RI Published ON
7/24/2023
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