+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

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

  • PDF Icon

    Report

  • 219 Pages
  • July 2023
  • Region: Global
  • Markets and Markets
  • ID: 4759678

Increasing Demand for Alternative Mode of Transport is to Drive the Market

The eVTOL Aircraft market is expected to grow from USD 1.2 billion at a CAGR of 52.0% during the forecast period, reaching USD 23.4 billion by 2030. Market expansion is likely to be driven by factors such as the growing need for green energy and noise-free aircraft, increasing demand for alternative modes of transport, and improving technologies.

Increasing need for an alternative mode of transport.

The increasing demand for alternative modes of transport is propelling the EVTOL market due to several factors. Firstly, congested urban areas and traffic congestion have created a need for efficient and time-saving transportation solutions. EVTOL aircraft offer the potential for vertical takeoff and landing, bypassing traditional road networks and enabling faster point-to-point travel. Secondly, the growing concerns over environmental sustainability and the need to reduce carbon emissions have intensified the demand for electric-powered transportation. EVTOLs, being electrically driven, align with these sustainability goals. Lastly, the rapid advancements in technology, such as battery efficiency and autonomy, have made EVTOLs more viable and safer, generating increased interest from both consumers and investors in this transformative mode of transportation.

Based on Application Type, the Cargo Transport segment accounts for the highest growth rate during the forecast period.

Based on application, the eVTOL Aircraft market has been segmented into Air Taxis, Air Shuttles & Air Metro, Private Transport, Cargo Transport, Air Ambulance & Medical Emergency Last Mile Delivery, Inspection & Monitoring, Surveying & Mapping, Spraying & Seeding, & Special Mission. Cargo transport based on the EVTOL application type is experiencing the highest growth rate in the market due to several key reasons. Firstly, there is a rising demand for efficient and fast delivery of goods, driven by the growth of e-commerce and on-demand services. EVTOLs offer the potential for expedited delivery by bypassing traditional ground transportation constraints and congested road networks. Additionally, cargo transport EVTOLs can operate beyond existing infrastructure, enabling direct delivery to remote or challenging-to-reach locations. Furthermore, the higher profit margins associated with cargo transport make it an attractive market segment for investment and innovation. Overall, the combination of speed, flexibility, and profitability positions cargo transport as the leading growth driver in the EVTOL market.

Based on the Propulsion type, the Hybrid segment is projected to grow at the highest rate during the forecast period.

Based on Propulsion Type, the eVTOL Aircraft market has been segmented into fully electric, hybrid, and electric hydrogen. The hybrid mode of propulsion based on the EVTOL propulsion type is experiencing the highest growth rate in the market due to several compelling factors. Firstly, hybrid propulsion combines the benefits of electric power, such as lower emissions and quieter operations, with the extended range and faster refueling capabilities of conventional fuel-based systems. This versatility appeals to a wide range of applications, including longer-distance travel and intercity connections. Secondly, the hybrid approach addresses the limitations of fully electric or conventional propulsion, providing a balanced solution that meets regulatory requirements and operational needs. Lastly, advancements in hybrid propulsion technology, including improved energy storage and power management systems, have enhanced performance and reliability, further driving the adoption and growth of this propulsion type in the EVTOL market.

Asia Pacific is projected to grow at the highest CAGR during the forecast period.

The APAC region is estimated to account for the highest growth rate in the eVTOL Aircraft market during the forecast period. In this region, the eVTOL Aircraft market has been studied for China, India, Japan, Australia, South Korea, and the Rest of APAC. Countries in the Asia Pacific region are upgrading their capabilities by undergoing developments in the field of eVTOL Aircraft. The region's dense population and expanding urban areas necessitate innovative transportation solutions to combat traffic congestion, making EVTOLs an attractive option with their vertical takeoff and landing capabilities. Secondly, countries like China, Japan, and South Korea have made significant investments in technological advancements and innovation, fostering a conducive environment for EVTOL development. Government support through favorable policies, regulations, and infrastructure development further bolsters the growth prospects of the industry. The region's flourishing e-commerce market and rising middle-class population also drive the demand for expedited deliveries and efficient transportation options, which EVTOLs can provide. Moreover, Asia-Pacific economies increasingly prioritize sustainability and carbon emission reduction, aligning with EVTOLs' electrically powered nature and positioning them as a preferred choice for consumers and governments. With these factors combined, the Asia-Pacific region is well-positioned to witness substantial growth in the EVTOL market as it addresses the pressing transportation challenges, harnesses technological advancements, and embraces sustainability goals.

The break-up of the profile of primary participants in the ultralight and light aircraft market:

  • By Company Type: Tier 1 - 49%, Tier 2 - 37%, and Tier 3 - 14% 
  • By Designation: C Level - 55%, Director Level - 27%, and Others - 18% 
  • By Region: North America - 45%, Europe - 27%, Asia Pacific -16%, Middle East- 7% Latin America- 3%, Africa- 2%.

Major players operating in the eVTOL Aircraft market are Jaunt Air Mobility (US), Lilium (Germany), Volocopter (Germany), and EHang (China), among others.

Research Coverage:

This research report categorizes the eVTOL Aircraft market basis of Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise), By Propulsion Type (Fully Electric, Hybrid, Electric Hydrogen), System (Batteries & Cells, Electric Motors/Engine, Aerostructures, Avionics, Software, Others (Actuators, Distribution Devices)), Mode of Operation (Piloted, Autonomous), Application (Air Taxis, Air Shuttles & Air Metro, Private Transport, Cargo Transport, Air Ambulance & Medical Emergency Last Mile Delivery, Inspection & Monitoring, Surveying & Mapping, Spraying & Seeding, Special Mission), MTOW ( < 250 Kg, 250 - 1000 Kg, 1000 - 2000 Kg, > 2000 Kg), Range ( < 200 Km, > 200 Km) in these segments have been mapped across major Regions (North America, Europe, Asia Pacific, Middle East, Africa & Latin America).

The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the eVTOL Aircraft market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; agreements, collaborations, new product launches, contracts, expansion, acquisitions, and partnerships associated with the eVTOL Aircraft market. Competitive analysis of upcoming startups in the eVTOL Aircraft market ecosystem is covered in this report.

Reasons to Buy this Report:

The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall eVTOL Aircraft market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on eVTOL Aircraft offered by the top players in the market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the eVTOL Aircraft market
  • Market Development: Comprehensive information about lucrative markets - the report analyzes the eVTOL Aircraft market across varied regions
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the eVTOL Aircraft market. 
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the eVTOL Aircraft market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
Figure 1 eVTOL Aircraft Market Segmentation
1.3.2 Years Considered
1.3.3 Regional Scope
1.4 Inclusions and Exclusions
Table 1 Inclusions and Exclusions in eVTOL Aircraft Market
1.5 Currency Considered
1.6 Limitations
1.7 Market Stakeholders
1.8 Summary of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Report Process Flow
Figure 3 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 and Methodology
2.3.1 Bottom-Up Approach
2.3.1.1 Market Size Estimation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach (Demand-Side)
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach (Supply-Side)
2.3.2 Top-Down Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
2.4 Data Triangulation and Validation
Figure 7 Data Triangulation
2.4.1 Triangulation Through Primary and Secondary Research
2.5 Growth Rate Factors
2.6 Risks
2.7 Research Assumptions

3 Executive Summary
Figure 8 Batteries and Cells to Account for Largest Market Share in 2023
Figure 9 eVTOL Aircraft, by Lift Technology, 2023
Figure 10 Fully Electric Segment to Dominate Market in 2023
Figure 11 eVTOL Aircraft Market in Latin America to Grow at Highest CAGR During Forecast Period

4 Premium Insights
4.1 Overview of Attractive Opportunities in the eVTOL Aircraft Market
Figure 12 Growing Need for Cleaner and Quieter Aircraft to Drive Market During Forecast Period
4.2 eVTOL Aircraft Market, by Mode of Operation
Figure 13 Autonomous Segment Projected to Lead Market from 2023 to 2030
4.3 eVTOL Aircraft Market, by Mtow
Figure 14 100-1,000 Kg Segment Projected to Have Highest Share During Forecast Period
4.4 eVTOL Aircraft Market, by Range
Figure 15 <=200 Km Segment Projected to Account for Highest Market Share During Forecast Period
4.5 eVTOL Aircraft Market, by Top Countries
Figure 16 eVTOL Aircraft Market in the Netherlands to Grow at Highest CAGR During Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 17 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 Alternative Mode of Transport
Figure 18 Growing Population Across Regions to Increase Demand for Alternative Modes of Transportation
5.2.1.3 Improving Technologies in Batteries, Motors, and Power Electronics
5.2.2 Restraints
5.2.2.1 Battery Failures Due to High Voltage and Thermal Issues
5.2.2.2 Crash Due to Software Failures
5.2.2.3 Certification Issues
Figure 19 eVTOL Certification Ecosystem
5.2.3 Opportunities
5.2.3.1 Strategic Developments
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 Value Chain Analysis
Figure 20 eVTOL Aircraft Market: Value Chain Analysis
5.3.1 Raw Materials
5.3.2 R&D
5.3.3 Component Manufacturing
5.3.4 Oems
5.3.5 End-users
5.4 eVTOL Aircraft Market Ecosystem
5.4.1 Prominent Companies
5.4.2 Private and Small Enterprises
5.4.3 End-users
Figure 21 eVTOL Aircraft Market Ecosystem
Table 2 eVTOL Aircraft Market Ecosystem
5.5 Disruption Impacting Customer's Business
Figure 22 eVTOL Aircraft Market Ecosystem
5.6 Trade Data Analysis
5.7 Porter's Five Forces Analysis
Table 3 Porter's Five Forces Analysis
5.7.1 Threat of New Entrants
5.7.2 Threat of Substitutes
5.7.3 Bargaining Power of Suppliers
5.7.4 Bargaining Power of Buyers
5.7.5 Intensity of Competitive Rivalry
5.8 Average Selling Price
Table 4 Average Selling Price: eVTOL Market, by Lift Technology
5.9 Volume Analysis
Table 5 eVTOL Aircraft Market, by Volume, 2020-2022 (USD Million)
Table 6 eVTOL Aircraft Market, by Volume, 2020-2030 (USD Million)
5.10 Technology Analysis
5.10.1 Lithium-Sulfur Batteries
5.10.2 Hydrogen Fuel Cells
5.11 Tariff and Regulatory Landscape
5.11.1 The European Union Aviation Safety Agency (Easa) Regulation
5.11.2 Federal Aviation Administration (Faa) Regulation
5.12 Key Conferences and Events, 2023-2024
Table 7 eVTOL Aircraft Market: Detailed List of Conferences and Events

6 Industry Trends
6.1 Introduction
6.2 Emerging Trends
6.2.1 Artificial Intelligence (Ai)
6.2.2 Big Data Analytics
6.2.3 Internet of Things (IoT)
6.2.4 Cyclorotor eVTOL
6.2.5 Urban Air Mobility
6.2.6 Energy Harvesting
6.3 Case Studies
6.3.1 Beta Technologies Developed eVTOL Aircraft with Microstrain Sensors by Parker Lord
6.3.2 Joby Aerospace Completed All-Electric Flight with Electric Vertical Take-Off Air Taxi
6.4 Supply Chain Analysis
Figure 23 Supply Chain Analysis
6.5 Impact of Megatrend
6.6 Innovations and Patent Analysis
Table 8 Innovation and Patent Registrations, 2019-2023

7 eVTOL Aircraft Market, by Lift Technology
7.1 Introduction
Figure 24 Vectored Thrust Segment Projected to Lead eVTOL Aircraft Market During Forecast Period
Table 9 eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 10 eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
7.2 Vectored Thrust
7.2.1 Better eVTOL Maneuverability for Optimal Business Applications to Drive Market
7.3 Multirotor
7.3.1 Utilization in Short-Range Operations to Fuel Growth
7.4 Lift Plus Cruise
7.4.1 Increasing Adoption by Leading eVTOL Manufacturers to Drive Market

8 eVTOL Aircraft Market, by Propulsion Type
8.1 Introduction
Figure 25 Fully Electric Segment Projected to Lead Market for eVTOL Aircraft During Forecast Period
Table 11 eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 12 eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
8.2 Fully Electric
8.2.1 Silent and Emission-Free Propulsion to Drive Market
8.3 Hybrid Electric
8.3.1 Longer Range and Larger Take-Off Weight Capabilities to Boost Market
8.4 Hydrogen Electric
8.4.1 High Efficiency, Low Noise, and Low Vibration to Fuel Growth

9 eVTOL Aircraft Market, by System
9.1 Introduction
Figure 26 Batteries and Cells Segment to Lead eVTOL Market During Forecast Period
Table 13 eVTOL Aircraft Market, by System, 2020-2022 (USD Million)
Table 14 eVTOL Aircraft Market, by System, 2023-2030 (USD Million)
9.2 Batteries and Cells
9.2.1 Advancements Offering High Power Density to Fuel Market
9.3 Electric Motors/Engines
9.3.1 Better Power Density and Longer Range to Drive Market
9.4 Aerostructures
9.4.1 Enhanced Performance and Energy and Lower Costs to Boost Market
9.5 Avionics
9.5.1 Advanced Avionics for Urban Air to Drive Market
9.6 Software
9.6.1 Increased Usage in eVTOL Aircraft to Drive Market
9.7 Other Solutions
9.7.1 Lower Weight and Better Reliability to Drive Market

10 eVTOL Aircraft Market, by Mode of Operation
10.1 Introduction
Figure 27 Piloted Segment Projected to Lead Market During Forecast Period
Table 15 eVTOL Aircraft Market, by Mode of Operation, 2020-2022 (USD Million)
Table 16 eVTOL Aircraft Market, by Mode of Operation, 2023-2030 (USD Million)
10.2 Piloted
10.2.1 Need for Quick Transportation to Drive Market
10.3 Autonomous
10.3.1 Advanced Algorithms and Real-Time Situational Awareness to Increase Adoption

11 eVTOL Aircraft Market, by Application
11.1 Introduction
Figure 28 Last Mile Delivery Segment Projected to Grow at Highest CAGR During Forecast Period
Table 17 eVTOL Aircraft Market, by Application, 2020-2022 (USD Million)
Table 18 eVTOL Aircraft Market, by Application, 2023-2030 (USD Million)
11.2 Air Taxis
11.2.1 Rapidly Expanding Megacities to Increase Demand
11.3 Air Shuttles and Air Metros
11.3.1 Rapid Transportation Between Large Metropolitan Areas to Fuel Market
11.4 Private Transport
11.4.1 Speed and Routing Efficiencies to Boost Market
11.5 Cargo Transport
11.5.1 Development of Cargo Transport Urban Air Mobility Applications to Drive Market
11.6 Air Ambulance and Medical Emergency
11.6.1 Organ Transport and Emergency Medical Services to Drive Market
11.7 Last Mile Delivery
11.7.1 Increased Demand for Contactless Deliveries to Drive Market
11.8 Inspection and Monitoring
11.8.1 Drones Equipped with Multispectral Sensors Used Across Industries to Boost Market
11.9 Surveying and Mapping
11.9.1 Faster Collection of Topographic Data with Lower Workforce to Fuel Market
11.10 Surveillance
11.10.1 Hi-Tech eVTOLs with Highly Advanced Surveillance Capabilities to Drive Market
11.11 Special Mission
11.11.1 Increased Adoption for Critical Missions to Drive Market
11.12 Other Applications
11.12.1 Recreational Applications to Drive Market

12 eVTOL Aircraft Market, by Mtow
12.1 Introduction
Figure 29 eVTOL Aircraft with MTOW of 1,001-2,000 Kg to Grow at Highest Rate During Forecast Period
Table 19 eVTOL Aircraft Market, by Mtow, 2020-2022 (USD Million)
Table 20 eVTOL Aircraft Market, by Mtow, 2023-2030 (USD Million)
12.2 <100 Kg
12.2.1 Short Mile Applications to Drive Market
12.3 100-1,000 Kg
12.3.1 Increased Cargo Transportation to Boost Market
12.4 1,001-2,000 Kg
12.4.1 Intercity Transport of Passengers and Cargo to Fuel Market
12.5 >2,000 Kg
12.5.1 Demand for Intracity Transportation of Heavy Cargo to Drive Market

13 eVTOL Aircraft Market, by Range
13.1 Introduction
Figure 30 >200 Km Segment Projected to Lead Market During Forecast Period
Table 21 eVTOL Aircraft Market, by Range, 2020-2022 (USD Million)
Table 22 eVTOL Aircraft Market, by Range, 2023-2030 (USD Million)
13.2 <=200 Km
13.2.1 Intracity Travel Using Urban Air Mobility Services to Drive Market
13.3 >200 Km
13.3.1 Higher Battery Capacity to Boost Demand

14 eVTOL Aircraft Market, Regional Analysis
14.1 Introduction
Figure 31 eVTOL Aircraft Market: Regional Snapshot
Table 23 eVTOL Aircraft Market, by Region, 2020-2022 (USD Million)
Table 24 eVTOL Aircraft Market, by Region, 2023-2030 (USD Million)
14.2 North America
Figure 32 North America: eVTOL Aircraft Market Snapshot
14.2.1 North America: PESTLE Analysis
Table 25 North America: eVTOL Aircraft Market, by Country, 2020-2022 (USD Million)
Table 26 North America: eVTOL Aircraft Market, by Country, 2023-2030 (USD Million)
Table 27 North America: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 28 North America: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 29 North America: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 30 North America: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.2.2 US
14.2.2.1 Presence of Leading OEMs to Drive Market
Table 31 US: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 32 US: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 33 US: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 34 US: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.2.3 Canada
14.2.3.1 Aircraft Modernization Programs to Boost Market
Table 35 Canada: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 36 Canada: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 37 Canada: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 38 Canada: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.3 Europe
Figure 33 Europe: eVTOL Aircraft Market Snapshot
14.3.1 Europe: PESTLE Analysis
Table 39 Europe: eVTOL Aircraft Market, by Country, 2020-2022 (USD Million)
Table 40 Europe: eVTOL Aircraft Market, by Country, 2023-2030 (USD Million)
Table 41 Europe: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 42 Europe: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 43 Europe: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 44 Europe: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.3.2 UK
14.3.2.1 Technological Advancements in Air Travel to Drive Market
Table 45 UK: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 46 UK: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 47 UK: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 48 UK: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.3.3 France
14.3.3.1 Significant Investments in Aviation Industry to Boost Market
Table 49 France: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 50 France: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 51 France: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 52 France: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.3.4 Germany
14.3.4.1 Rising Investments in Air Travel and Connectivity to Fuel Market
Table 53 Germany: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 54 Germany: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 55 Germany: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 56 Germany: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.3.5 Switzerland
14.3.5.1 Increasing Development Toward Zero-Carbon Emission Goal to Fuel Market
Table 57 Switzerland: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 58 Switzerland: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 59 Switzerland: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 60 Switzerland: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.3.6 Netherlands
14.3.6.1 Strategic Partnerships in Uam Ecosystem to Boost Market
Table 61 Netherlands: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 62 Netherlands: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 63 Netherlands: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 64 Netherlands: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.3.7 Rest of Europe
14.3.7.1 Presence of Leading Manufacturers and Need to Reduce Carbon Footprint to Drive Market
Table 65 Rest of Europe: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 66 Rest of Europe: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 67 Rest of Europe: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 68 Rest of Europe: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.4 Middle East
Figure 34 Middle East: eVTOL Aircraft Market Snapshot
14.4.1 Middle East: PESTLE Analysis
Table 69 Middle East: eVTOL Aircraft Market, by Country, 2020-2022 (USD Million)
Table 70 Middle East: eVTOL Aircraft Market, by Country, 2023-2030 (USD Million)
Table 71 Middle East: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 72 Middle East: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 73 Middle East: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 74 Middle East: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.4.2 Israel
14.4.2.1 Increased Spending on R&D for UAVs for Military and Commercial Applications to Drive Market
Table 75 Israel: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 76 Israel: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 77 Israel: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 78 Israel: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.4.3 UAE
14.4.3.1 Increased Focus on Efficient Urban Air Mobility Ecosystem to Boost Market
Table 79 UAE: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 80 UAE: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 81 UAE: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 82 UAE: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.4.4 Saudi Arabia
14.4.4.1 Increased Investments in eVTOL Technology to Boost Market
Table 83 Saudi Arabia: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 84 Saudi Arabia: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 85 Saudi Arabia: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 86 Saudi Arabia: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.4.5 Turkey
14.4.5.1 Increased Spending on Technologically Advanced Uavs and eVTOL Aircraft to Boost Market
Table 87 Turkey: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 88 Turkey: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 89 Turkey: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 90 Turkey: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.4.6 Rest of Middle East
14.4.6.1 Increasing Military Spending to Fuel Market
Table 91 Rest of Middle East: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 92 Rest of Middle East: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 93 Rest of Middle East: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 94 Rest of Middle East: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.5 Asia-Pacific
Figure 35 Asia-Pacific: eVTOL Aircraft Market Snapshot
14.5.1 Asia-Pacific: PESTLE Analysis
Table 95 Asia-Pacific: eVTOL Aircraft Market, by Country, 2020-2022 (USD Million)
Table 96 Asia-Pacific: eVTOL Aircraft Market, by Country, 2023-2030 (USD Million)
Table 97 Asia-Pacific: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 98 Asia-Pacific: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 99 Asia-Pacific: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 100 Asia-Pacific: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.5.2 China
14.5.2.1 Increasing Domestic Travel and Air Traffic to Drive Market
Table 101 China: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 102 China: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 103 China: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 104 China: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.5.3 India
14.5.3.1 Five-Year Modernization Plan for Armed Forces to Boost Market
Table 105 India: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 106 India: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 107 India: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 108 India: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.5.4 Japan
14.5.4.1 In-House Development of eVTOL Aircraft to Drive Market
Table 109 Japan: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 110 Japan: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 111 Japan: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 112 Japan: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.5.5 Australia
14.5.5.1 Increased Air Traffic and New Aircraft Deliveries to Fuel Market
Table 113 Australia: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 114 Australia: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 115 Australia: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 116 Australia: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.5.6 South Korea
14.5.6.1 Growing Commercialization of Urban Taxis and Fully Autonomous Uam to Drive Market
Table 117 South Korea: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 118 South Korea: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 119 South Korea: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 120 South Korea: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.5.7 Rest of Asia-Pacific
14.5.7.1 Increased Uam Investment and Military Spending to Drive Market
Table 121 Rest of Asia-Pacific: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 122 Rest of Asia-Pacific: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 123 Rest of Asia-Pacific: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 124 Rest of Asia-Pacific: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.6 Latin America
Figure 36 Latin America: eVTOL Aircraft Market Snapshot
14.6.1 Latin America: PESTLE Analysis
Table 125 Latin America: eVTOL Aircraft Market, by Country, 2020-2022 (USD Million)
Table 126 Latin America: eVTOL Aircraft Market, by Country, 2023-2030 (USD Million)
Table 127 Latin America: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 128 Latin America: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 129 Latin America: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 130 Latin America: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.6.2 Brazil
14.6.2.1 Huge Investments from Manufacturing Companies to Drive Market
Table 131 Brazil: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 132 Brazil: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 133 Brazil: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 134 Brazil: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.6.3 Mexico
14.6.3.1 Growing Demand for Urban Air Mobility to Fuel Market
Table 135 Mexico: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 136 Mexico: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 137 Mexico: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 138 Mexico: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.6.4 Rest of Latin America
14.6.4.1 Favorable Government Policies and Regulatory Developments to Boost Market
Table 139 Rest of Latin America: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 140 Rest of Latin America: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 141 Rest of Latin America: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 142 Rest of Latin America: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.7 Africa
Figure 37 Africa: eVTOL Aircraft Market Snapshot
Table 143 Africa: eVTOL Aircraft Market, by Lift Technology, 2020-2022 (USD Million)
Table 144 Africa: eVTOL Aircraft Market, by Lift Technology, 2023-2030 (USD Million)
Table 145 Africa: eVTOL Aircraft Market, by Propulsion Type, 2020-2022 (USD Million)
Table 146 Africa: eVTOL Aircraft Market, by Propulsion Type, 2023-2030 (USD Million)
14.7.1 South Africa
14.7.1.1 Government Support and Investment in Infrastructure Development to Drive Market
14.7.2 Nigeria
14.7.2.1 Growing Demand for Innovative Mobility Solutions to Drive Market
14.7.3 Rest of Africa
14.7.3.1 Rising Awareness and Interest in Sustainable Mobility Solutions to Boost Market

15 Competitive Landscape
15.1 Introduction
15.2 Ranking of Leading Players, 2023
Figure 38 Market Ranking of Leading Players in eVTOL Aircraft Market, 2023
15.3 Market Share Analysis, 2022
Figure 39 Market Share of Top Players in eVTOL Aircraft Market, 2022
Figure 40 Revenue Analysis of Top 5 Market Players, 2022
15.4 Competitive Overview
Table 147 Key Developments by Leading Players in eVTOL Aircraft Market (2021-2023)
15.5 Company Product Footprint Analysis
Table 148 Company Footprint
Table 149 Application Footprint
Table 150 Range Footprint
Table 151 System Footprint
Table 152 Regional Footprint
15.6 Company Evaluation Matrix
15.6.1 Stars
15.6.2 Emerging Leaders
15.6.3 Pervasive Players
15.6.4 Participants
Figure 41 eVTOL Aircraft Market Competitive Leadership Mapping, 2023
15.7 Startup/Sme Evaluation Matrix
15.7.1 Progressive Companies
15.7.2 Responsive Companies
15.7.3 Dynamic Companies
15.7.4 Starting Blocks
Figure 42 eVTOL Aircraft Market: Startup/Sme Competitive Leadership Mapping, 2023
15.7.5 Competitive Benchmarking
Table 153 eVTOL Aircraft Market: Detailed List of Key Startup/SMEs
15.8 Competitive Scenario
15.8.1 Deals
Table 154 Deals, 2021-2023
15.8.2 Product Launches

16 Company Profiles
16.1 Key Players
(Business Overview, Products Offered, Recent Developments, Analyst's View, Right to Win, Strategic Choices, and Weaknesses and Competitive Threats)*
16.1.1 Airbus Se
Table 155 Airbus Se: Company Overview
Figure 43 Airbus Se: Company Snapshot
Table 156 Airbus Se: Products Offered?
Table 157 Airbus Se: Deals
16.1.2 Elbit Systems Ltd.
Table 158 Elbit Systems Ltd.: Company Overview
Figure 44 Elbit Systems Ltd.: Company Snapshot
Table 159 Elbit Systems Ltd.: Products Offered?
Table 160 Elbit Systems Ltd.: Deals
16.1.3 Bell Textron Inc.
Table 161 Bell Textron Inc.: Company Overview
Figure 45 Bell Textron Inc.: Company Snapshot
Table 162 Bell Textron Inc.: Products Offered?
16.1.4 Ehang Holdings Ltd.
Table 163 Ehang Holdings Ltd.: Company Overview
Figure 46 Ehang Holdings Ltd.: Company Snapshot
Table 164 Ehang Holdings Ltd.: Products Offered?
Table 165 Ehang Holdings Ltd.: Deals
16.1.5 Embraer Sa
Table 166 Embraer Sa: Company Overview
Figure 47 Embraer Sa: Company Snapshot
Table 167 Embraer Sa: Products Offered?
Table 168 Embraer Sa: Deals
16.1.6 Israel Aerospace Industries
Table 169 Israel Aerospace Industries: Company Overview
Figure 48 Israel Aerospace Industries: Company Snapshot
Table 170 Israel Aerospace Industries: Products Offered?
16.1.7 Pipistrel
Table 171 Pipistrel: Company Overview
Table 172 Pipistrel: Products Offered?
Table 173 Pipistrel: Deals
16.1.8 Elroy Air
Table 174 Elroy Air: Company Overview
Table 175 Elroy Air: Products Offered?
Table 176 Elroy Air: Deals
16.1.9 Lilium GmbH
Table 177 Lilium GmbH: Company Overview
Table 178 Lilium GmbH: Products Offered?
Table 179 Lilium GmbH: Deals
16.1.10 Joby Aviation, Inc.
Table 180 Joby Aviation, Inc.: Company Overview
Table 181 Joby Aviation, Inc.: Products Offered?
Table 182 Joby Aviation, Inc.: Deals
16.1.11 Archer Aviation Inc.
Table 183 Archer Aviation Inc.: Company Overview
Table 184 Archer Aviation Inc.: Products Offered?
Table 185 Archer Aviation Inc.: Deals
16.1.12 Volocopter GmbH
Table 186 Volocopter GmbH: Company Overview
Table 187 Volocopter GmbH: Products Offered?
Table 188 Volocopter GmbH: Deals
16.1.13 Sz Dji Technology Co., Ltd.
Table 189 Sz Dji Technology Co., Ltd.: Company Overview
Table 190 Sz Dji Technology Co., Ltd.: Products Offered?
16.1.14 Samad Aerospace
Table 191 Samad Aerospace: Company Overview
Table 192 Samad Aerospace: Products Offered?
16.1.15 Aurora Flight Sciences
Table 193 Aurora Flight Sciences: Company Overview
Table 194 Aurora Flight Sciences: Products Offered?
Table 195 Aurora Flight Sciences: Deals
16.1.16 Vertical Aerospace Group Ltd.
Table 196 Vertical Aerospace Group Ltd.: Company Overview
Table 197 Vertical Aerospace Group Ltd.: Products Offered?
Table 198 Vertical Aerospace Group Ltd.: Deals
16.1.17 Urban Aeronautics Ltd.
Table 199 Urban Aeronautics Ltd.: Company Overview
Table 200 Urban Aeronautics Ltd.: Products Offered?
Table 201 Urban Aeronautics Ltd.: Deals
16.2 Other Players
16.2.1 Jaunt Air Mobility
16.2.2 Overair
16.2.3 Beta Technologies
16.2.4 Delorean Aerospace
16.2.5 Skydrive Inc.
16.2.6 Terrafugia
16.2.7 Wisk Aero LLC
16.2.8 Opener, Inc.
*Details on Business Overview, Products Offered, Recent Developments, Analyst's View, Right to Win, Strategic Choices, and Weaknesses and Competitive Threats Might Not be Captured in the Case of Unlisted Companies.

17 Appendix
17.1 Discussion Guide
17.2 Knowledgestore: The Subscription Portal
17.3 Customization Options

Companies Mentioned

  • Airbus SE
  • Archer Aviation Inc.
  • Aurora Flight Sciences
  • Bell Textron Inc.
  • Beta Technologies
  • DeLorean Aerospace
  • Ehang Holdings Ltd.
  • Elbit Systems Ltd.
  • Elroy Air
  • Embraer SA
  • Israel Aerospace Industries
  • Jaunt Air Mobility
  • Joby Aviation, Inc.
  • Lilium GmbH
  • Opener, Inc.
  • Overair
  • Pipistrel
  • Samad Aerospace
  • SkyDrive Inc.
  • SZ DJI Technology Co., Ltd.
  • Terrafugia
  • Urban Aeronautics Ltd.
  • Vertical Aerospace Group Ltd.
  • Volocopter GmbH
  • Wisk Aero LLC

Methodology

Loading
LOADING...

Table Information