110 likes | 130 Views
eVTOL Aircraft Market by Lift Technology (Vectored Thrust, Multirotor, Lift plus Cruise), Propulsion Type (Fully Electric, Hybrid Electric, Hydrogen Electric), System, Range, MTOW, Mode of Operation, Application, and Region 2030<br>
E N D
(/) eVTOL Aircraft Market RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) Search Reports HOME (/) ABOUT US (/ABOUTUS-8.HTML) HOME (/) ❯ TOP MARKET REPORTS (/TOP-MARKET-REPORTS.ASP)❯ EVTOL AIRCRAFT MARKET GLOBAL TOP 2000 STRATEGIST RELY ON US FOR THEIR GROWTH STRATEGIES. KNOW MORE eVTOL Aircraft Market by Lift Technology (Vectored Thrust, Multirotor, Lift plus Cruise), Propulsion Type (Fully Electric, Hybrid Electric, Hydrogen Electric), System, Range, MTOW, Mode of Operation, Application, and Region 2030 (/Knowledgestore.asp#request_free_trial) FREE BROCHURE (/pdfdownloadNew.asp?id=28054110) FREE SAMPLE REPORT (/requestsampleNew.asp?id=28054110) Report Code: AS 6984Nov, 2021, by marketsandmarkets.com DESCRIPTION TABLE OF CONTENTS METHODOLOGY DOWNLOAD PDF (/PDFDOWNLOADNEW.ASP?ID=28054110) Updated on : April 04, 2023 The global eVTOL Aircraft Market was valued at $8.5 Billion in 2021 and is estimated to grow from $11.3 Billion in 2023 to $30.8 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 15.3% during the forecast period. The growth of this market is mainly driven by the growing need for green energy and noise-free aircraft and the increasing use of eVTOL aircraft for cargo applications and increasing demand for an alternative mode of transport. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X
To know about the assumptions considered for the study, Request for Free Sample Report (https://www.marketsandmarkets.com/requestsampleNew.asp?id=28054110) COVID-19 Impact on the Global eVTOL Aircarft Market (/) The sudden outbreak of COVID-19 has taken a toll on various industrial sectors, with aviation being one of the worst affected. However, the eVTOL aircraft market did not seem to have been impacted by the pandemic as much as the aviation industry as a whole. Electric UAVs were widely used by militaries for a variety of missions like border security, while governments and law enforcement agencies used them on an experimental basis. Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) Civil & commercial applications of Electric VTOL aircraft include transportation of medical supplies by companies like Zipline and mostly for aerial photography. Retail and other logistics companies are increasingly looking toward the usage of electric UAVs to distribute essential items due to intermittent lockdowns and the imposition of social distancing protocols worldwide. In the US, companies like Amazon and USP have already scaled up their usage of electric drones for their deliveries. Electric drones are also witnessing an increased application in Africa, as they are being used as the art of EMS services to supply medicines and amenities as well as transport organs and blood across cities. These factors have helped the eVTOL aircraft market to sustain the overall impact of the COVID-19 pandemic on the global economy. eVTOL Aircraft Market Dynamics Drivers: Growing need for green energy and noise-free aircraft The growing need for green energy is due to the increase in CO2 emissions. According to the EIA’s (Energy Information Administration) International Energy Report 2021, CO2 emissions have increased due to the population. According to the Air Transport Air Group (ATAG), global aviation produces around 2% CO2 emissions. According to the latest release by ATAG, a long-term climate change goal to cut CO2 emissions in half by 2050 has been set. The research and development in electric, hybrid, and hydrogen aircraft are expected to help shift from fossil fuel for power to sustainable aviation fuel. Thus, the Electric VTOL aircraft (https://www.marketsandmarkets.com/Market-Reports/fixed-wing-vtol-uav- market-173456250.html) uses the above sustainable aviation fuel to reduce carbon emissions. As per the US Department of Transportation’s Volpe National Transportation Systems Center, ElectricVTOL manufacturers should use a variety of integrated, simulated, and dual-use aircraft noise models that have been developed over the years by the FAA (Federal Air Aviation), NASA, and the US Department of Défense. Thus, some of the eVTOL aircraft manufacturers such as Airbus, Bell, Ehang, and Joby Aviation have come up with various models, which produce less carbon emission and less noise. For example, Airbus has revealed its CityBus next GEN aircraft, which is the quieter version and zero-emission Electric VTOL. Opportunities:Strategic developments in eVTOL aircraft The demand for advanced and autonomous alternative modes of transportation is expected to boost the eVTOL aircraft market. This market also offers growth opportunities to developers of many cutting-edge technologies such as lithium metal batteries, advanced composites, and axial flux motors. Few examples that show the developments in the eVTOL aircraft market are The Embraer spinoff Eve Urban Air Mobility and Bristow Group, an offshore helicopter operator, have announced a memorandum of understanding (MOU) to cooperate on the development of an air We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X
operator’s certificate for Eve’s Electric VTOL aircraft. Bristow has also placed a conditional order for up to 100 aircraft from Eve, with deliveries expected to start by 2026. According to a press release, Volocopter and Geely signed an agreement to purchase 150 Volocopter aircraft. The Japanese trading and investment business conglomerate Marubeni Corporation has announced a partnership with Vertical Aerospace to pursue emission-free advanced air mobility (AAM) travel solutions in Japan, with the agreement including a conditional pre-order from Marubeni for up to 200 of the British Electric VTOL developer’s piloted, four-passenger VA-X4 aircraft. (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) Challenges:Safety issues Safety has always been a major priority. The aircraft can only be successful only if the public has confidence that flying would be safe. Emerging Electric VTOL aircraft have both unpiloted and piloted aircraft. Thus, the challenges for safety measures have increased. Few safety technologies the companies are working on are Crash prevention systems for Electric VTOL vehicles, which involves the same systems already being used in autonomous automobiles. These systems include cameras, radar, LIDAR (https://www.marketsandmarkets.com/Market-Reports/lidar-market-1261.html), GPS, infrared scanners, and a host of others. Further crash prevention is necessary for the powerplant and rotor systems to allow eVTOL vehicles to remain in flight if a powerplant or rotor failure occurs. These additional systems include redundancy in the motors and batteries, typically called Distributed Electric Propulsion (DEP), and are designed in such a way that if a single component failed, others would be able to function to safely guide the aircraft to a landing. There is also a large body of research regarding vehicle separation, vehicle communication, and airspace integration, which can be generally grouped into airspace management, which is also a big part of crash prevention. Cybersecurity is another technology used to protect aircraft from cyberattacks. Companies such as Regulus Cyber produce cybersecurity solutions for radar, lidar, global navigation satellite systems (GNSS) like GPS, and other types of sensors. According to a press release, Acronis’ cyber protection solutions will ensure data security for the lidar and machine vision technology, creating virtual force fields around each aircraft to enable close but safe racing. Established infrastructure for Electric VTOL aircraft to communicate is expanding, with systems such as ADS-B (automatic dependent surveillance-broadcast). It helps make on-the-fly decisions and ensure passenger and cargo safety. Enhanced detection and avoidance technology uses a millimeter or micrometer wave technology to identify and measure objects over longer distances, especially in difficult terrain and unsafe operating environments, and assists in real-time decision-making to establish safe navigation during bad weather. Short-range operations is expected to fuel the growth of the multirotor eVTOL aircraft market during the forecast period. The multirotor segment is estimated to lead the market during the forecast period, with a share of 79% in 2021. Multirotors are increasingly used in an array of applications, from passenger transport, and emergency services to recreational activities like aerial photography. The lift plus cruise segment is expected to grow at the highest rate during the forecast period as leading manufacturers in the eVTOL market are adopting the lift plus cruise technology as it is less complex and enables long-range travel with stability. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X
The hydrogen electric segment is projected to witness the highest CAGR during the forecast period. Based on propulsion type, the hydrogen electric segment is projected to be the highest CAGR rate for the eVTOL aircraft market during the forecast period.Hydrogen fuel cells are an alternative power source for Electric VTOL. Generating electricity from hydrogen and oxygen fuel cells is vibration-free and is low on maintenance. Fuel cells can offer energy storage and faster refueling, giving them the potential to substitute electric batteries. HOME (/) ABOUT US (/ABOUTUS-8.HTML) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CAREERS (/CAREER.ASP) CONTACT US (/CONTACTUS.ASP) (/) Sign In (https://www.marketsandmarkets.com/signin.asp) The software segment is projected to witness the highest CAGR during the forecast period. Based on the system, the software segment is projected to grow at the highest CAGR rate for the eVTOL aircraftmarket during the forecast period.Aviation software produces insights that enable users to enhance operator safety and efficiency, reduce operational disruptions, improve passenger experience, and make decisions better regarding real-time fleet health. Advanced software systems are required to run complicated systems of urban air mobility (https://www.marketsandmarkets.com/Market-Reports/urban-air-mobility-market- 251142860.html)aircraft. The piloted segment is projected to witness the highest CAGR during the forecast period Based on the mode of operation, the piloted segment is projected to grow at the highest CAGR rate for the eVTOL aircraft market during the forecast period. Large deployment in civil applications, including air taxi and ems services, will drive this segment. Most of civil Electric VTOL aircraft are designed for urban air mobility, air taxis, medical assistance, and personnel passenger transportation. The last mile delivery segment is projected to witness the highest CAGR during the forecast period Based on application, the last mile delivery segment is projected to grow at the highest CAGR rate for the eVTOL aircraft market during the forecast period.The demand for autonomous last-mile delivery is skyrocketing with the rising adoption of autonomous vehicles for the delivery of products without any human intervention. The 100-1,000 kg segment is projected to witness the highest CAGR during the forecast period Based on MTOW, the 100-1,000 kg segment is projected to grow at the highest CAGR rate for the eVTOL aircraft market during the forecast period.Electric VTOL aircraft with an MTOW of 100 -1,000 kg are used for intercity travel of passengers and cargo transportation. The payload that this eVTOL aircraft carries is less than 200 kg. Thus, these aircraft are preferably used for cargo transportation. The >200 km segment is projected to witness the highest CAGR during the forecast period Based on range, the >200 km segment is projected to grow at the highest CAGR rate for the eVTOL aircraft market during the forecast period.Electric VTOL aircraft with a range of >200 km have higher battery capacity. Some of the applications of this aircraft include last mile delivery, air taxis, and private transport. The North American market is projected to contribute the largest share from 2021 to 2026 eVTOL aircraft market in North America is projected to hold the highest market share during the forecast period. North America accounted for the largest share of 34.5% of the eVTOL aircraft market and is expected to grow at a CAGR of 17.0% during the forecast period. The US has the largest UAV fleet used in military and civil applications. Early adoption of eVTOL aircraft for urban air mobility is also being witnessed in the US. These factors are expected to drive the market in North America. We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X
(/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) To know about the assumptions considered for the study, download the pdf brochure (https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=28054110) Key Market Players The eVTOL aircraft market is dominated by a few globally establishedplayers such asAirbus SE (Netherlands), Bell Textron Inc. (US), Embraer SA (Brazil), EHang Holdings Ltd (China), and Elbit Systems Ltd. (Israel). eVTOL Aircraft Market Report Scope: Report Metric Details Estimated Market Size Projected Market Size Growth Rate Market size available for years USD 8.5 Billion USD 30.8 Billion 15.3% 2017–2030 Base year considered 2020 Forecast period 2021-2030 Forecast units Value (USD Million) Segments covered By Lift Technology, By Propulsion Type, By System, By Mode of Operation, By Application, By MTOW, By Range We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X
Geographies covered North America Europe Asia Pacific Latin America Middle East Africa (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) Companies covered CONTACT US (/CONTACTUS.ASP) Airbus SE (Netherlands), Bell Textron Inc. (US), Embraer SA (Brazil), EHang Holdings Ltd (China), and Elbit Systems Ltd. (Israel) The study categorizes the eVTOL aircraft based on Lift Technology, Propulsion Type, System, Mode of Operation, Application, MTOW, Range, and Region. eVTOL Aircraft Market By Lift Technology Vectored Thrust Multirotor Lift plus Cruise By Propulsion Type Fully Electric Hybrid Electric Hydrogen Electric By System Batteries & Cells Electric Motor/Engine Aerostructures Avionics Software Others By Application Air Taxis Air Shuttles & Air Metro Private Transport Cargo Transport Air Ambulance & Medical Emergency Last Mile Delivery Inspection & Monitoring Surveying & Mapping Surveillance Special Mission Others We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X
By Mode of Operation Autonomous Piloted (/) By MTOW Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) <100 kg 100–1000 kg 1,000–2,000 kg >2,000 kg HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) By Range <= 200 km > 200 km eVTOL Aircraft Market By Region North America Asia Pacific Europe Middle East Latin America Africa Recent Developments InAugust 2021, Lilium GmbH intends to enter into a commercial deal and strategic alliance worth USD 1 billion with leading Brazilian airline Azul S.A.. In August 2021, Pipistrel’s new aircraft, including the fixed-wing Surveyor and both unmanned Nuuva platforms, the V300 and smaller V20, will be using Honeywell’s compact satellite communications technology. Honeywell’s Small UAV SATCOM system is 90% lighter than the company’s next smallest connectivity system, yet it brings the same capabilities enjoyed by larger aircraft to the Nuuva V300, V20, and Surveyor. In July 2021, CAE, a global leader in aviation training, and Volocopter entered into a strategic partnership to develop, certify, and deploy an innovative pilot training program for electric vertical take-off and landing (eVTOL) operations. This eVTOL pilot training program will develop the pilot workforce of the future and ensure the safe introduction of eVTOL operations globally by leveraging CAE’s advanced technologies such as artificial intelligence (AI), virtual reality (VR), mixed reality (MR), as well as data analytics and Volocopter’s leading understanding of requirements for integration into the UAM ecosystem. Frequently Asked Questions (FAQs) Addressed by the Report What are your views on the growth prospect of the eVTOL aircraft market? What are the key sustainability strategies adopted by leading players operating in the eVTOL aircraft market? What are the new emerging technologies and use cases disrupting the eVTOL aircraft market? We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X
Who are the key players and innovators in the ecosystem of the eVTOL aircraft market? Which region is expected to hold the highest market share in the eVTOL aircraft market? (/) To speak to our analyst for a discussion on the above findings, click Speak to Analyst (https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=28054110) HOME (/) ABOUT US (/ABOUTUS-8.HTML) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CAREERS (/CAREER.ASP) CONTACT US (/CONTACTUS.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) Custom Market Research Services We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions. (/requestCustomizationNew.asp?id=28054110) Instant Answers with GPT - Ask Now! Ask real questions. Get complete answers ! Type Your Question Get recent trends delivered to your inbox Overtake your competition with ease. STAY TUNED (/PRACTICES/STAY-TUNED.ASP) REPORT CODE AS 6984 PUBLISHED ON NOV, 2021 REQUEST FREE SAMPLE REPORT (/requestsampleNew.asp?id=28054110) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X
CHOOSE LICENSE TYPE Single User - $4950 (/) Corporate License - $8150 Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) BUY NOW (/Purchase/purchase_reportNew.asp?id=28054110) CONTACT US (/CONTACTUS.ASP) Request New Version (/RequestNewVersion.asp?id=28054110) Inquire Before Buying (/Enquiry_Before_BuyingNew.asp?id=28054110) ADJACENT MARKETS Electric Aircraft Market (/Market-Reports/electric-aircraft-market-52646445.html) UAV Market (/Market-Reports/unmanned-aerial-vehicles-uav-market-662.html) Urban Air Mobility Market (/Market-Reports/urban-air-mobility-market-251142860.html) Helicopters Market (/Market-Reports/helicopters-market-253467785.html) Special Mission Aircraft Market (/Market-Reports/special-mission-aircraft-market-23335921.html) REQUEST BUNDLE REPORTS (/RequestBundleReport.asp?id=28054110) (mailto:sales@marketsandmarkets.com) SHARE (https://www.facebook.com/sharer/sharer.php?u=https://www.marketsandmarkets.com/Market- Reports/evtol-aircraft-market-28054110.html) (https://www.twitter.com/share?url=https://www.marketsandmarkets.com/Market-Reports/evtol- aircraft-market-28054110.html) (https://www.linkedin.com/shareArticle?mini=true&url=https://www.marketsandmarkets.com/Market- Reports/evtol-aircraft-market-28054110.html) X (/requestCustomizationNew.asp?id=28054110) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X
(/speaktoanalystNew.asp?id=28054110) Speak to Analyst OR FACE-TO-FACE MEETING (/) PERSONALIZE THIS RESEARCH HOME (/) ABOUT US (/ABOUTUS-8.HTML) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) Triangulate with your Own Data CONTACT US (/CONTACTUS.ASP) Get Data as per your Format and Definition Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor Any level of Personalization REQUEST A FREE CUSTOMIZATION (/requestCustomizationNew.asp?id=28054110) LET US HELP YOU! What are the Known and Unknown Adjacencies Impacting the eVTOL Aircraft Market What will your New Revenue Sources be? Who will be your Top Customer; what will make them switch? Defend your Market Share or Win Competitors Get a Scorecard for Target Partners CUSTOMIZED WORKSHOP REQUEST (/FreeWorkshop.asp?id=28054110) +1-888-600-6441 (Corporate office hours) +1-888-600-6441 (US/Can toll free) Call Us +44-800-368-9399 (UK office hours) CONNECT WITH US (https://www.linkedin.com/company/marketsandmarkets) (https://www.facebook.com/pages/Market- Research- Report/171919766173321) Careers (/Career.asp)New Reports (/new-reports.asp)Research Insight (/Research-Insight.html) We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). (https://twitter.com/marketsmarkets) (https://blog.marketsandmarkets.com) (https://www.marketsandmarkets.com/feeds/feeds.xml) (https://www.youtube.com/channel/UCF2TjAy2gyENMNkd2QvrI6g) Top Market Reports (/top-market-reports.asp)Conferences (/conferences.html)Press Releases (/press-release-2.html) SiteMap (/sitemap.html)XML (/sitemap.xml)Feeds (/feeds/feeds.xml)Blog (https://blog.marketsandmarkets.com/) X
Disclaimer (/Disclaimer.asp)Privacy Policy (/Privacy-12.html)Terms and Conditions (/Terms-13.html) ©2023 MarketsandMarkets Research Private Ltd. All rights reserved ABOUT TRUST ONLINE (/) Sign In (https://www.marketsandmarkets.com/signin.asp) LEADERSHIP TEAM (/LEADERSHIPTEAM.ASP) BRIEFINGS (/ANALYSTBRIEFINGS.HTML) CONTACT US (/CONTACTUS.ASP) HOME (/) RESEARCH EXPERTS (/RESEARCHLEADERSHIP.ASP) CAREERS (/CAREER.ASP) ABOUT US (/ABOUTUS-8.HTML) (https://www.dmca.com/Protection/Status.aspx?ID=512a6ded-1d0f-4215-a661- d50c1031e201&refurl=file:///srv/doc2pdf/var/files/webpageToPdf_f0eff458185c748fffd345e147f02af6_10086391139058674344.html) Website Feedback We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info (https://www.marketsandmarkets.com/Privacy-12.html). X