UAM EVTOL Aircrafts Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 27 Billion by 2030, growing at a CAGR of 31% from 2024 to 2030.
The Urban Air Mobility (UAM) Electric Vertical Take-Off and Landing (EVTOL) aircraft market was valued at approximately USD 0.7 billion in 2022. The market is projected to grow significantly, with a compound annual growth rate (CAGR) of around 20% over the forecast period. This robust growth is driven by advancements in EVTOL technology, increased investment in urban air transportation infrastructure, and rising demand for efficient and sustainable urban mobility solutions. The market's expansion is also supported by the development of new regulations and standards aimed at integrating EVTOL aircraft into urban airspace safely.
Opportunities in the UAM EVTOL aircraft market are substantial, particularly in emerging markets where rapid urbanization and infrastructure development are creating new demand for innovative transportation solutions. The increasing focus on reducing urban congestion and improving transportation efficiency presents significant potential for EVTOL adoption. Emerging regions, including parts of Asia-Pacific and Latin America, are expected to experience accelerated growth due to expanding economic activities and investments in advanced air mobility infrastructure. The market's growth potential is further enhanced by technological advancements in battery systems and autonomous flight capabilities, which are expected to lower operational costs and broaden the applicability of EVTOL aircraft in urban environments.
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Bellwether Industries
BELL
Aurora Flight Sciences (Boeing)
Embraer X
Airbus
Karem Aircraft
Pipistrel
Terrafugia
Volocopter
Lift Aircraft
Lilium
Airspace Experience Technologies
Joby
Hyundai
Archer Aviation
Vertical Aerospace
Urban Aeronautics
Jaunt Air Mobility
Honda
Aston Martin Volante
Ehang
AutoFlight
TCab Tech
Geely
XPeng
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global UAM EVTOL Aircrafts Market
Civil
Fire Fighting
Others
Based on Types the Market is categorized into Below types that held the largest UAM EVTOL Aircrafts market share In 2023.
Vector Propulsion
Vectorless Propulsion
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global UAM EVTOL Aircrafts Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global UAM EVTOL Aircrafts Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global UAM EVTOL Aircrafts Market, By Type
6. Global UAM EVTOL Aircrafts Market, By Application
7. Global UAM EVTOL Aircrafts Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global UAM EVTOL Aircrafts Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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