Asia Pacific EVTOL Aircraft Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Lift Technology, Propulsion Type, Application, and Operation Mode

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The Asia Pacific eVTOL aircraft market is expected to grow from US$ 103.96 million in 2024 to US$ 324.91 million by 2028; it is estimated to grow at a CAGR of 33.0% from 2024 to 2028.

The aviation industry is one of the fastest-growing sources of the greenhouse gas emissions, driving global climate change. On January 11, 2021, the Environmental Protection Agency (EPA) issued a greenhouse gas (GHG) emissions standard for aircraft operating APAC to control their carbon emissions. In addition, in November 2021, EPA filed a litigation that formulated the commercial aircraft greenhouse gas (GHG) emission standards, which EPA promoted in early 2021. The development of electric propulsion-based eVTOL aircraft helps mitigate the environmental impact in terms of noise and pollutant emissions. Thus, government regulations and policies for reducing emissions drive the demand for electric propulsion-based eVTOL aircraft. Initiatives from key players and startups are increasing across the APAC. The startup will launch operations in 2024. As battery technology are improving over the years, eVTOL is becoming sustainable. eVTOL aircraft can fly for longer ranges and at higher speeds. Electric propulsion-based eVTOL can move into intra-city and inter-city aviation. The investments from key players are also growing. For instance, in January 2022, the ePlane Company, an eVTOL aircraft startup company, raised US$ 5 million in a Pre-Series A funding round led by Speciale Invest and Micelio. The investment was made to make unmanned air taxis. In addition, in January 2022, Jetson AB, a Swedish eVTOL company, completed the sale of the entire production of its eVTOL aircraft in 2022 and has an order of 100 units with delivery expected to start from 2023, along with over 3,000 pre-orders for further deliveries. Moreover, the increasing developments in the electric propulsion-based UAVs are also expected to boost the eVTOL aircraft during the forecast period. Also, the vendors across this market are initially focusing on the development of fully electric propulsion based eVTOL aircraft.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific eVTOL aircraft market . The Asia Pacific eVTOL aircraft market is expected to grow at a good CAGR during the forecast period.

Asia Pacific eVTOL aircraft market Revenue and Forecast to 2028 (US$ Million )

Asia Pacific eVTOL aircraft market Segmentation

The Asia Pacific eVTOL aircraft market is segmented into lift technology, propulsion type, application, operation mode, and country. Based on lift technology, the Asia Pacific eVTOL aircraft market is segmented into multirotor, lift plus cruise, vectored thrust, and others. The lift plus cruise dominates the Asia Pacific eVTOL aircraft market in 2024. Based on propulsion type, the Asia Pacific eVTOL aircraft market is categorized into hybrid, fully electric, and electric hydrogen. The fully electric segment dominates the Asia Pacific eVTOL aircraft market in 2024. Based on application, the Asia Pacific eVTOL aircraft market is categorized into air taxi, Cargo Transport, last mile delivery, critical missions, inspection, surveying and mapping, and others. The air taxi segment dominates the Asia Pacific eVTOL aircraft market in 2024. Based on operation mode, the Asia Pacific eVTOL aircraft market is categorized into piloted, optionally piloted, and autonomous. The piloted segment dominates the Asia Pacific eVTOL aircraft market in 2024. Based on country, the Asia Pacific eVTOL aircraft market is segmented into China, Japan, South Korea, and Rest of Asia Pacific. The China segment dominates the Asia Pacific eVTOL aircraft market in 2024.

Key players dominating the Asia Pacific eVTOL aircraft market are Airbus, Bell Textron Inc., Boeing, Eve Air Mobility, Lilium GmBH, EHang, Pipistrel Group, Volocopter GmBH, and Archer Aviation Inc by Altair are among the leading companies in the Asia Pacific eVTOL aircraft market.

Reasons to Buy:

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC eVTOL aircraft market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC eVTOL aircraft market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the APAC eVTOL aircraft market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution

Product Code: BMIRE00026060

1. Introduction

1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. APAC eVTOL Aircraft Market Landscape

4.1 Market Overview
4.2 Porter's Five Force Analysis
- 4.2.1 Bargaining Power of Buyers
- 4.2.2 Bargaining Power of Suppliers
- 4.2.3 Threat to New Entrants
- 4.2.4 Threat to Substitutes
- 4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion

5. APAC eVTOL Aircraft Market - Key Industry Dynamics

5.1 Market Drivers
- 5.1.1 Adoption of Air Taxis due to Expansion of Urban Air Mobility
- 5.1.2 Increasing of Electric Propulsion-Based eVTOL Aircraft
5.2 Market Restraints
- 5.2.1 Certification and Qualification Challenges for Market Vendors
5.3 Market Opportunities
- 5.3.1 Requirement for Last-Mile Delivery
5.4 Market Trends
- 5.4.1 Soaring Need for Green Energy-Based Mode of Transportation
5.5 Impact Analysis of Drivers and Restraints

6. eVTOL Aircraft Market - APAC Market Analysis

6.1 APAC eVTOL Aircraft Market Overview
6.2 APAC eVTOL Aircraft Market Forecast and Analysis

7. APAC eVTOL Aircraft Market Analysis - by Lift Technology

7.1 Overview
7.2 Multirotor
- 7.2.1 Overview
- 7.2.2 Multirotor: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
7.3 Lift Plus Cruise
- 7.3.1 Overview
- 7.3.2 Lift Plus Cruise: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
7.4 Vectored Thrust
- 7.4.1 Overview
- 7.4.2 Vectored Thrust: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)

8. APAC eVTOL Aircraft Market Analysis - by Propulsion Type

8.1 Overview
8.2 Hybrid
- 8.2.1 Overview
- 8.2.2 Hybrid: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
8.3 Fully Electric
- 8.3.1 Overview
- 8.3.2 Fully Electric: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Electric Hydrogen
- 8.4.1 Overview
- 8.4.2 Electric Hydrogen: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)

9. APAC eVTOL Aircraft Market Analysis - by Application

9.1 Overview
9.2 Air Taxi
- 9.2.1 Overview
- 9.2.2 Air Taxi: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
9.3 Cargo Transport
- 9.3.1 Overview
- 9.3.2 Cargo Transport: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
9.4 Last Mile Delivery
- 9.4.1 Overview
- 9.4.2 Last Mile Delivery: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
9.5 Critical Missions
- 9.5.1 Overview
- 9.5.2 Critical Missions: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
9.6 Inspection, Surveying and Mapping
- 9.6.1 Overview
- 9.6.2 Inspection, Surveying and Mapping: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
9.7 Others
- 9.7.1 Overview
- 9.7.2 Others: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)

10. APAC eVTOL Aircraft Market Analysis - by Operation Mode

10.1 Overview
10.2 Piloted
- 10.2.1 Overview
- 10.2.2 Piloted: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
10.3 Optionally Piloted
- 10.3.1 Overview
- 10.3.2 Optionally Piloted: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Autonomous
- 10.4.1 Overview
- 10.4.2 Autonomous: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)

11. APAC eVTOL Aircraft Market - By Country Analysis

11.1 APAC: eVTOL Aircraft Market
- 11.1.1 APAC: eVTOL Aircraft Market, by Key Country
  - 11.1.1.1 China: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.1.1 China: eVTOL Aircraft Market, By Lift Technology
    - 11.1.1.1.2 China: eVTOL Aircraft Market, By Propulsion Type
    - 11.1.1.1.3 China: eVTOL Aircraft Market, By Application
    - 11.1.1.1.4 China: eVTOL Aircraft Market, By Operation Mode
  - 11.1.1.2 Japan: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.2.1 Japan: eVTOL Aircraft Market, By Lift Technology
    - 11.1.1.2.2 Japan: eVTOL Aircraft Market, By Propulsion Type
    - 11.1.1.2.3 Japan: eVTOL Aircraft Market, By Application
    - 11.1.1.2.4 Japan: eVTOL Aircraft Market, By Operation Mode
  - 11.1.1.3 South Korea: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.3.1 South Korea: eVTOL Aircraft Market, By Lift Technology
    - 11.1.1.3.2 South Korea: eVTOL Aircraft Market, By Propulsion Type
    - 11.1.1.3.3 South Korea: eVTOL Aircraft Market, By Application
    - 11.1.1.3.4 South Korea: eVTOL Aircraft Market, By Operation Mode
  - 11.1.1.4 Rest of APAC: eVTOL Aircraft Market - Revenue and Forecast to 2028 (US$ Million)
    - 11.1.1.4.1 Rest of APAC: eVTOL Aircraft Market, By Lift Technology
    - 11.1.1.4.2 Rest of APAC: eVTOL Aircraft Market, By Propulsion Type
    - 11.1.1.4.3 Rest of APAC: eVTOL Aircraft Market, By Application
    - 11.1.1.4.4 Rest of APAC: eVTOL Aircraft Market, By Operation Mode

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition

13. Company Profiles

13.1 Airbus
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Bell Textron Inc.
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Boeing
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Eve Air Mobility
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Lilium GmBH
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 EHang
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
13.7 Pipistrel Group
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Volocopter GmbH
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Archer Aviation Inc.
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments

14. Appendix

14.1 About The Insight Partners
14.2 Word Index