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PUBLISHER: The Business Research Company | PRODUCT CODE: 1245938

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PUBLISHER: The Business Research Company | PRODUCT CODE: 1245938

eVTOL Aircraft Global Market Report 2023

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“eVTOL Aircraft Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on evtol aircraft market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
  • Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
  • Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
  • Measure the impact of high global inflation on market growth.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market shares.
  • Benchmark performance against key competitors.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis
  • Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
  • All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for evtol aircraft? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The evtol aircraft market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

  • 1) By Lift Technology: Vectored Thrust; Multirotor; Lift Plus Cruise
  • 2) By Propulsion Type: Fully Electric; Hybrid Electric; Hydrogen Electric
  • 3) By Mode of Operation: Autonomous; Piloted
  • 4) By Application: Air Taxis; Air Shuttles And Air Metro; Private Transport; Cargo Transport; Air Ambulance And Medical Emergency; Last Mile Delivery; Inspection and Monitoring; Surveying and Mapping; Surveillance; Special Mission; Others
  • Companies Mentioned: Airbus SE; Bell Textron Inc.; Embraer SA; EHang Holdings Ltd; Elbit Systems Ltd.
  • Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
  • Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
  • Time series: Five years historic and ten years forecast.
  • Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
  • Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
  • Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
  • Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the eVTOL aircraft market are: Airbus SE, Bell Textron Inc., Embraer SA, EHang Holdings Ltd., Elbit Systems Ltd., Kitty Hawk, Lilium, Volocopter GmbH, Joby Aviation, Urban Aeronautics Ltd., Pipistrel, Moog Inc., The Boeing Co., Karem Aircraft Inc., Lift Aircraft, Aurora Flight Sciences, Workhorse, Elroy Air, Textron Inc., SkyDrive Inc., Neva Aerospace, Opener Inc., Workhorse Group, Uber Technologies Inc., Terrafugia, Archer Aviation Inc., Jaunt Air Mobility LLC, Overair Inc and Samad Aerospace.

The global evtol aircraft market grew from $7.88 billion in 2022 to $9.24 billion in 2023 at a compound annual growth rate (CAGR) of 17.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The evtol aircraft market is expected to grow to $20.72 billion in 2027 at a CAGR of 22.4%.

The eVTOL aircraft market consists of sales of eVTOL aircraft having carrying weight capacity of less than 200 Kg and beyond. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The eVTOL aircraft refer to electric vertical takeoff and landing aircraft that uses electric power to hover, take off, and land vertically. The focus of eVTOL is to offer a new class of aircraft that revolutionizes inter-and-intra-city movement, providing quick, direct, and clean mobility. It uses motors, batteries, fuel cells, and electronic controllers to generate electric power for hovering, taking off, and landing vertically.

North America was the largest region in the eVTOL aircraft market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the eVTOL aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main technologies used in eVTOL aircraft include vectored thrust, multirotor, and lift pulse cruise. The vectored thrust eVTOL aircraft refers to a technology used to change the thrust angle from its engine or motor to control the attitude or angular velocity of the aircraft. It is typically used to control pitch and yaw attitude on boosters and upper stages. The propulsion systems used in eVTOL aircraft include fully electric, hybrid electric, and hydrogen electric. Both autonomous and piloted eVTOL aircraft are used in a wide range of applications including air taxis, air shuttles and air metro, private transport, cargo transport, air ambulance and medical emergency, last-mile delivery, inspection and monitoring, surveying and mapping, surveillance, special mission, and others.

The growing need for green energy and noise-free aircraft is propelling the growth of the eVTOL aircraft market. The strive for greater fuel efficiency and reduction of noise pollution is the central need to reduce environmental impact. The energy for eVTOL aircraft is generated by powered lift designs using turbofan engines with auxiliary/ augmented lift fans. Most electric-powered VTOL aircraft being developed today will use distributed electric propulsion (DEP) as a gateway to sustainable aviation. For instance, in March 2020, according to Aan article published by Dassault Systemes, a Europe-based company, estimated the growing need for eVTOL aircraft where the market will grow exponentially, to an estimated 1.3 billion passengers over 20 years, with a demand for 28,000 eVTOL aircraft. Therefore, the growing need for green energy and noise-free aircraft will drive the growth of the eVTOL aircraft market.

Technological advancement is a key trend gaining popularity in the eVTOL aircraft market. Major companies operating in the eVTOL aircraft market are focused on providing technologically advanced solutions to strengthen their market position. These companies are implementing next generation eVTOL aircraft technologies into their services, such as IoT, ultra-edge hydrogen and battery cell, Onboard sensors and collision prevention systems, AI technology, 5G communication, and others. For instance, In April 2022, Hyundai, an automotive manufacturer company, explored hydrogen fuel cell technology for the electric short Take-off and landing eVTOL aircraft segment. The company expects hydrogen fuel cell technology to have a long enough range to complete intercity trips.

In December 2020, Joby Aviation, a US-based aerospace company, developing an electric vertical takeoff and landing aircraft acquired Uber Elevate for an undisclosed amount. This acquisition of Uber elevate will create integration between ground and air travel for future customers by integrating their respective services into each other's apps for joby aviation. Uber Elevate is a US-based company initiative to develop, deploy and eventually offer consumers an air-based taxi travel service.

The countries covered in the eVTOL aircraft market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The eVTOL aircraft market research report is one of a series of new reports from The Business Research Company that provides eVTOL aircraft market statistics, including eVTOL aircraft industry global market size, regional shares, competitors with an eVTOL aircraft market share, detailed eVTOL aircraft market segments, market trends and opportunities, and any further data you may need to thrive in the eVTOL aircraft industry. This eVTOL aircraft market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Product Code: r3590

Table of Contents

1. Executive Summary

2. eVTOL Aircraft market Characteristics

3. eVTOL Aircraft market Trends And Strategies

4. eVTOL Aircraft Forwarding Market - Macro Economic Scenario

  • 4.1 COVID-19 Impact On eVTOL Aircraft Forwarding Market
  • 4.2 Ukraine-Russia War Impact On eVTOL Aircraft Forwarding Market
  • 4.3 Impact Of High Inflation On eVTOL Aircraft Forwarding Market

5. eVTOL Aircraft market Size And Growth

  • 5.1. Global eVTOL Aircraft Historic Market, 2017-2022, $ Billion
    • 5.1.1. Drivers Of The Market
    • 5.1.2. Restraints On The Market
  • 5.2. Global eVTOL Aircraft Forecast Market, 2022-2027F, 2032F, $ Billion
    • 5.2.1. Drivers Of The Market
    • 5.2.2. Restraints On the Market

6. eVTOL Aircraft market Segmentation

  • 6.1. Global eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Vectored Thrust
  • Multirotor
  • Lift Plus Cruise
  • 6.2. Global eVTOL Aircraft market, Segmentation By Propulsion Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Fully Electric
  • Hybrid Electric
  • Hydrogen Electric
  • 6.3. Global eVTOL Aircraft market, Segmentation By Mode of Operation, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Autonomous
  • Piloted
  • 6.4. Global eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • Air Taxis
  • Air Shuttles and Air Metro
  • Private Transport
  • Cargo Transport
  • Air Ambulance and Medical Emergency
  • Last Mile Delivery
  • Inspection and Monitoring
  • Surveying and Mapping
  • Surveillance
  • Special Mission
  • Others

7. eVTOL Aircraft market Regional And Country Analysis

  • 7.1. Global eVTOL Aircraft market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 7.2. Global eVTOL Aircraft market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

8. Asia-Pacific eVTOL Aircraft market

  • 8.1. Asia-Pacific eVTOL Aircraft market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
  • 8.2. Asia-Pacific eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 8.3. Asia-Pacific eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

9. China eVTOL Aircraft market

  • 9.1. China eVTOL Aircraft market Overview
  • 9.2. China eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion
  • 9.3. China eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F,$ Billion

10. India eVTOL Aircraft market

  • 10.1. India eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 10.2. India eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

11. Japan eVTOL Aircraft market

  • 11.1. Japan eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 11.2. Japan eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

12. Australia eVTOL Aircraft market

  • 12.1. Australia eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 12.2. Australia eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

13. Indonesia eVTOL Aircraft market

  • 13.1. Indonesia eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 13.2. Indonesia eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

14. South Korea eVTOL Aircraft market

  • 14.1. South Korea eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 14.2. South Korea eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

15. Western Europe eVTOL Aircraft market

  • 15.1. Western Europe eVTOL Aircraft market Overview
  • 15.2. Western Europe eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 15.3. Western Europe eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

16. UK eVTOL Aircraft market

  • 16.1. UK eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 16.2. UK eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

17. Germany eVTOL Aircraft market

  • 17.1. Germany eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 17.2. Germany eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

18. France eVTOL Aircraft market

  • 18.1. France eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 18.2. France eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

19. Eastern Europe eVTOL Aircraft market

  • 19.1. Eastern Europe eVTOL Aircraft market Overview
  • 19.2. Eastern Europe eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 19.3. Eastern Europe eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

20. Russia eVTOL Aircraft market

  • 20.1. Russia eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 20.2. Russia eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

21. North America eVTOL Aircraft market

  • 21.1. North America eVTOL Aircraft market Overview
  • 21.2. North America eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 21.3. North America eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

22. USA eVTOL Aircraft market

  • 22.1. USA eVTOL Aircraft market Overview
  • 22.2. USA eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 22.3. USA eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

23. South America eVTOL Aircraft market

  • 23.1. South America eVTOL Aircraft market Overview
  • 23.2. South America eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 23.3. South America eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

24. Brazil eVTOL Aircraft market

  • 24.1. Brazil eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 24.2. Brazil eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

25. Middle East eVTOL Aircraft market

  • 25.1. Middle East eVTOL Aircraft market Overview
  • 25.2. Middle East eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 25.3. Middle East eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

26. Africa eVTOL Aircraft market

  • 26.1. Africa eVTOL Aircraft market Overview
  • 26.2. Africa eVTOL Aircraft market, Segmentation By Lift Technology, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
  • 26.3. Africa eVTOL Aircraft market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

27. eVTOL Aircraft market Competitive Landscape And Company Profiles

  • 27.1. eVTOL Aircraft market Competitive Landscape
  • 27.2. eVTOL Aircraft market Company Profiles
    • 27.2.1. Airbus SE
      • 27.2.1.1. Overview
      • 27.2.1.2. Products and Services
      • 27.2.1.3. Strategy
      • 27.2.1.4. Financial Performance
    • 27.2.2. Bell Textron Inc.
      • 27.2.2.1. Overview
      • 27.2.2.2. Products and Services
      • 27.2.2.3. Strategy
      • 27.2.2.4. Financial Performance
    • 27.2.3. Embraer SA
      • 27.2.3.1. Overview
      • 27.2.3.2. Products and Services
      • 27.2.3.3. Strategy
      • 27.2.3.4. Financial Performance
    • 27.2.4. EHang Holdings Ltd
      • 27.2.4.1. Overview
      • 27.2.4.2. Products and Services
      • 27.2.4.3. Strategy
      • 27.2.4.4. Financial Performance
    • 27.2.5. Elbit Systems Ltd.
      • 27.2.5.1. Overview
      • 27.2.5.2. Products and Services
      • 27.2.5.3. Strategy
      • 27.2.5.4. Financial Performance

28. Key Mergers And Acquisitions In The eVTOL Aircraft market

29. eVTOL Aircraft market Future Outlook and Potential Analysis

30. Appendix

  • 30.1. Abbreviations
  • 30.2. Currencies
  • 30.3. Historic And Forecast Inflation Rates
  • 30.4. Research Inquiries
  • 30.5. The Business Research Company
  • 30.6. Copyright And Disclaimer
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