PUBLISHER: QYResearch | PRODUCT CODE: 1859976
PUBLISHER: QYResearch | PRODUCT CODE: 1859976
The global market for Personal Air Vehicles (PAVs) was estimated to be worth US$ 1367 million in 2024 and is forecast to a readjusted size of US$ 1000088 million by 2031 with a CAGR of 148.6% during the forecast period 2025-2031.
Personal Air Vehicles (PAVs) represent an innovation in future transportation, aiming to provide individuals with efficient, convenient and environmentally friendly air travel solutions. PAVs are usually designed as small, autonomous or semi-autonomous aircraft capable of vertical take-off and landing (VTOL), suitable for short and medium-distance travel in cities and suburbs. These aircraft combine advanced aviation technology and intelligent control systems to ensure safety and ease of operation.
Global Personal Air Vehicles (PAVs) key players include Lilium GmbH, Vertical Aerospace, Joby Aviation, Boeing, Archer Aviation and Eve (Embraer), etc. Global top five manufacturers hold a share over 70%.
The largest market is Europe, has a share about 60%, followed by North America and Asia-Pacific, with around 30% and 10% market share respectively.
In terms of product, Single Seat is the largest segment, with a share over 40%. And in terms of application, the largest application is Commercial, has a share about 95%, followed by Individual.
With the acceleration of urbanization and the increasing problem of ground traffic congestion, PAVs are seen as one of the effective ways to ease traffic pressure. They can utilize existing airspace resources, reduce dependence on road infrastructure, and reduce energy consumption and environmental pollution by optimizing route planning. In addition, the application of electric or hybrid propulsion systems further enhances the environmental protection characteristics of PAVs, reducing noise and greenhouse gas emissions. The development of unmanned driving technology and artificial intelligence makes automated flight possible, while 5G communication networks provide real-time data transmission and remote monitoring capabilities. At the same time, advances in material science have brought about lighter but more durable body structures, extending flight time and range. Some leading aerospace companies such as Boeing and Airbus and emerging companies such as Joby Aviation and Lilium are actively developing and testing various models of PAVs.
This report aims to provide a comprehensive presentation of the global market for Personal Air Vehicles (PAVs), focusing on the total sales revenue, key companies market share and ranking, together with an analysis of Personal Air Vehicles (PAVs) by region & country, by Type, and by Application.
The Personal Air Vehicles (PAVs) market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Personal Air Vehicles (PAVs).
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Personal Air Vehicles (PAVs) company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of Personal Air Vehicles (PAVs) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of Personal Air Vehicles (PAVs) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.