eVTOL Aircraft Market is expected to Expand at a CAGR of 21% between 2021 and 2031

eVTOL Aircraft Market 2022

New Study Reports “ eVTOL Aircraft Market 2022 Global Market Opportunities, Challenges, Strategies and Forecasts 2032″ has been Added on PMR.

Report Details:

eVTOL Aircraft Market Segmented By Vectored Thrust, Multirotor & Rotorcraft, Lift Plus Cruise Lift Technology with Fully Electric, Hybrid Product with Piloted, UAV/Pilotless Operation.

Persistence Market Research analysis projects the global eVTOL aircraft market to expand at an impressive CAGR of more than 21% over the forecast period of 2021-2031.  eVTOL Aircraft Market is expected to grow exponentially in the coming years. The eVTOL Aircraft are the latest trend in the aviation industry and their popularity is increasing day by day. They are efficient, eco-friendly, and have a low noise level. eVTOL Aircraft are expected to play a major role in urban air mobility.

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Electric Vertical Takeoff and Landing (eVTOL) aircraft are capable of vertical takeoff and landing, which is possible through electrification of the lift and thrust provided by automated controls. They are technology enablers for Advanced Aerial Mobility, Urban Aerial Mobility, and Passenger Air Vehicles. In the wake of a green future, these aircraft are emission-free, emit zero noise, safe, affordable, small, precise, fast, quiet, adaptable with most weather conditions, and easy to use and maintain. Across regions, air-taxi services will be the main driver for increasing demand for eVTOL aircraft over the coming years.

Key Companies- 

  • Airbus SE
  • Embraer S.A.
  • The Boeing Company (Aurora Flight Sciences)
  • Volocopter GmbH
  • EHang
  • Pipistrel d.o.o Ajdovš?ina
  • Moog, Inc.
  • Bell Textron Inc.
  • Karem Aircraft, Inc.
  • Neva Aerospace
  • Kitty Hawk Corporation
  • Opener Inc.
  • Lift Aircraft
  • Joby Aviation
  • Lilium GmbH
  • SkyDrive Inc. and more

 

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Key Takeaways from Market Study

  • eVTOL aircraft are gaining prominence as urban mobility is taking shape. In China, currently, such aircraft are being used for cargo transportation, majorly aiming to improve aerial logistics. The market in China is expected to expand at close to 30% CAGR through 2031.
  • The role played by the FAA-Federal Aviation Administration in laying industry standards such as aircraft airworthiness, flight testing, and certification, for eVTOL aircraft, is pivotal.  The U.S. is positioned as the top nation in the global market, with the highest market value share. Demand in the U.S. will increase at over 22% CAGR over the next ten years.
  • Compared to helicopters and other transport media, eVTOLs provide comparatively better features. They emit least noise, are emissions-free, and have a distributed energy propulsion, enabling improved propulsive efficiency. eVTOLs having maximum takeoff weight below 250 kg are expected to create ample opportunities over the forecast period.
  • Multirotor & rotorcraft eVTOLs will generate credible growth opportunities in future. These aircraft are suitable for commuting in cities where they can travel between shorter distances.
  • With rising number of autonomous mobility, UAVs (unmanned aerial vehicles) or pilotless aircraft are expected to dominate the global market share, based on operation.

Region Coverage (Regional Production, Demand & Forecast by Countries etc.):

North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)

Key Stakeholders

EVTOL Aircraft Market Manufacturers
EVTOL Aircraft Market Distributors/Traders/Wholesalers
EVTOL Aircraft Market Subcomponent Manufacturers
Industry Association
Downstream Vendors

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Key Questions Answered in the EVTOL Aircraft Market Report

How is the EVTOL Aircraft Market expected to grow over the projected period?

What direction is the EVTOL Aircraft Market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the EVTOL Aircraft Market in future?

What are the key market drivers in the EVTOL Aircraft Market?

What are significant opportunities and improvement areas for EVTOL Aircraft Market manufacturers?

What are the key developments and trends taking over the EVTOL Aircraft Market?

Which are the emerging countries that are expected to create significant growth opportunities in the EVTOL Aircraft Market?

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