Global eVTOL Aircraft Market is expected grow with a CAGR of 18.56% over the forecast period 2021 to 2027. Increasing technological developments, rising environmental pollution & traffic congestion along with growing priority towards renewable energy resources are anticipated to drive the growth of Global eVTOL Aircraft Market.
During Covid-19 pandemic, the government has imposed the restriction on movement has led to significant drop in eVTOL market which is limited to few economies. The post covid-19 era is anticipated to grow at fast pace due to the increased social distancing and increasing connectivity between smaller cities.
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eVTOL Aircraft Market Scope:
Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027.
eVTOL aircraft includes the electric vertical takeoff and landing aircraft which are meant to be used for air taxis and urban air mobility. This aircraft uses new technology which helps in moving faster, quieter with autonomous flight capabilities. The increasing world population and urbanization is leading to rise in traffic congestion which leads to more pollution, wastage of time, high travelling cost with faster depletion of fossil fuel. The increased focus on environmental issues has shifted the attention towards renewable energy source and efficient means of travel. The dependence of eVTOL on electricity helps in reducing CO2 up to 50% and at reduced cost than jet fuel.
The eVTOL system uses autonomous flight control that reduces the chances of error which is major cause of helicopter accidents. The integrated disturbed electric propulsion uses few rotors for vertical lift and achieves safety level four times than helicopters. The increase in UAM will reduce the efforts of individuals to drive, parking problems and reduced maintenance cost due to reduction in movable parts. All these factors can increase its adoption due to the reduced involvement of individual in flying with pick & drop on proximity.
Global eVTOL Aircraft Market Segmentation:
By Mode of Operation:
Piloted
Optionally Piloted
By Lift Technology:
Vectored Thrust
Multirotor
Lift Plus Cruise
By Range:
0 to 200 Km
200 to 500 Km
By MTOW:
<250 Kilograms
250–500 Kilograms
500–1,500 Kilograms
>1,500 Kilograms
By Propulsion:
Electric/Battery
Electric/Hybrid
Electric/Hydrogen
By Application:
Commercial
Military
Cargo
The regions covered in global eVTOL aircraft market report are North America, Europe, Asia-Pacific, Latin America and Rest of the World. On the basis of country level, the market of global eVTOL aircraft is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, India, Japan, South East Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Key Players for Global eVTOL Aircraft Market Report-
Some of the key players for global eVTOL aircraft market are EHANG, A³ by Airbus, Volocopter, Uber Technologies, Lilium, Aurora Flight Sciences, Bell Textron, TERRAFUGIA, Kitty Hawk, Workhorse, EmbraerX, Karem Aircraft, Neva Aerospace, LIFT Aircraft, Opener, Pipistrel Group, Vertical Aerospace, HOVERSURF, Cartivator, Joby Aviation, Amprius Technologies, Sion Power Corporation, MOLICEL, EaglePicher Technologies, OXIS Energy, MGM COMPRO, Bell Helicopter and others.
Key Benefits for Global eVTOL Aircraft Market Report
Global eVTOL Aircraft Market report covers in-depth historical and forecast analysis.
Global eVTOL Aircraft Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
Global eVTOL Aircraft Market report helps to identify opportunities in marketplace.
Global eVTOL Aircraft Market report covers extensive analysis of emerging trends and competitive landscape.
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