Electric VTOL (eVTOL) Aircraft - Global Market Outlook (2019 -2027)
According to Stratistics MRC, the Global Electric VTOL (eVTOL) Aircraft Market is accounted for $58.80 million in 2019 and is expected to reach $227.10 million by 2027 growing at a CAGR of 18.4% during the forecast period. Increasing road traffic congestion in urban areas and the need for faster and efficient transportation are the major factors propelling market growth. However, the lack of required infrastructure is hampering the market growth.
The Electric VTOL (eVTOL) aircraft is an expression used to explain the type of systems that facilitate on-demand, highly automated, safe, passenger, and cargo-carrying air transportation services in a metropolitan environment for unmanned and manned aircraft systems.
Based on the lift technology, the rotorcraft segment is likely to have a huge demand due to it is a heavier-than-air flying machine that lifts into the air with the help of rotary blades or wings. Rotorcraft requires one or more motors to supply the thrust to the aircraft throughout the flight. Rotorcrafts are mainly classified into two types- single rotor and multi-rotor.
By geography, the Asia Pacific is estimated to have a lucrative growth due to growing investments by leading eVTOL and drone manufacturers to develop urban air mobility in the region. Moreover, increasing demand for automation and globalization in countries such as China, India, Japan, is positively influencing the growth of the market.
Some of the key players profiled in the Electric VTOL (eVTOL) Aircraft Market include Airbus S.A.S, Airspace Experience Technologies, Aurora Flight Sciences, Bell Aircraft Corporation, EHANG, Embraer, Karem Aircraft, Lilium, Neva Aerospace, Opener, Pipistrel, Porsche, The Boeing Company, Volocopter, and Workhorse Group.
Propulsion Types Covered:
• Electric Hydrogen
• Fully Electric
Lift Technologies Covered:
• Lift Plus Cruise
• Vectored Thrust
Mode of Operations Covered:
• Optionally Piloted
• Global Positioning System (GPS)/Global Navigation Satellite System (GNSS)
• Inertial Navigation System (INS)/Inertial Measurement Unit (IMU)
• <250 Kg
• 250-500 Kg
• 500-1,500 Kg
• Above 1,500 Kg
• 0-200 Km
• 200–500 Km
• Urban Air Mobility (UAM)/Air Taxis
• Regional Air Mobility (RAM)
• Air Ambulance
• Cargo Aerial Vehicle
• Personal Air Vehicle
• Delivery Drones
End Users Covered:
• Government and Military
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019 2020, 2024, and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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