Global eVTOL Aircrafts market size is USD million in 2022 from USD 36 million in 2021, with a change of % between 2021 and 2022. The global eVTOL Aircrafts market size will reach USD 27460 million in 2027, growing at a CAGR of 157.9% over the analysis period.
eVTOL aircraft attitudes for electric vertical take-off and landing. This is a system that deals in autonomous electric aircraft which offer improved services in the name of safety and comfort. Also, they help in producing less noise, therefore, less noise pollution. The eVTOL aircraft market is gearing up on its operational efficiency with a motive to enhance customer experience by provided that flexibility and convenience. Also, it helps in fast travel. These are electric aircrafts and perform concise functions with a good speed.
There are major suppliers of the help of the e-VTOL aircraft infeasible solutions for communication and a more reliable customer experience. Because of the vast global expansion and key players conducive largely to the sector of research and development, the growth in the eVTOL aircraft market forecast is predicted.
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.
EVTOL Aircrafts Market is segmented based on the Type, Applications and Regions.
By Type, it is segmented into
By Applications, it is segmented into
North America is anticipated to dominate the global market, owing to the presence of key manufacturers such as Joby Aviation, Bell Textron Inc., Kitty Hawk, and others in the U.S. Moreover, rising investment by the U.S. government for development of VTOL aircraft is expected to propel the market growth.
For instance, in May 2021, the U.S. Air Force Research Laboratory (AFRL) awarded a contract worth USD 950,000 to Bell to conduct applied research on high speed VTOL aircraft.
Asia Pacific is expected to grow at higher CAGR owing to the increased investment by the eVTOl manufacturers such as Ehang for development of urban air mobility solutions. Moreover, rising urbanization in the region is expected to support the growth of the market.
The market in Europe is expected to witness significant growth as several cities in Europe have joined the Urban Air Mobility (UAM) Initiative, a part of the European Innovation Partnership on Smart Cities and Communities (EIP-SCC).
Scope of the Report covers EVTOL Aircrafts Market with detailed analysis of the overall scenario for the market. It also highlights the business participants environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this EVTOL Aircrafts Market analysis report as it has vital details to provide about regional markets, expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how worldwide market is working through efficient information graphics.
Forecast Period 2022 to 2027 CAGR
CAGR of 15.9% during the review period (2022 to 2027).
EHang Holdings Limited (NasdaqGM :EH), Airbus SE (Paris :AIR.PA), Airspace Experience Technologies, CAE, Aurora Flight Sciences, Bell Aircraft Corporation, The Boeing Company, Embraer, Overair, Lilium, Neva Aerospace, Opener, Pipistrel, Volocopter, Moog, Porsche
• North America
• Rest of the World
• Rest of Europe
• South Korea
• Rest of Asia-Pacific
• Middle East & Africa
• Latin America
2017 to 2021
2022 to 2027
Number of Pages
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What is the study period of this market?
The EVTOL Aircrafts Market is studied from 2017 - 2027.
Who are the key players in EVTOL Aircrafts Market?
EHang Holdings Limited (NasdaqGM :EH), Airbus SE (Paris :AIR.PA), Airspace Experience Technologies, CAE, Aurora Flight Sciences, Bell Aircraft Corporation, The Boeing Company, Embraer, Overair, Lilium, Neva Aerospace, Opener, Pipistrel, Volocopter, Moog, Porsche, Autonomous Flight, Alaka'i Technologies, Cartivator SkyDrive, Joby Aviation, Kitty Hawk, Sabrewing..
What are the significant types of EVTOL Aircrafts Market?
Electric, Hydrogen Fuel Cell, Hybrid, Other
What are the major end-use applications of EVTOL Aircrafts Market?
Air Tour, Medical Emergency Transportation, Logistics Transportation, Transit, Others.
What segments are covered in the EVTOL Aircrafts Market report?
The Global EVTOL Aircrafts Market is Segmented on the basic of Product, Application, and Geography.
How can I get a sample report/company profile for the EVTOL Aircrafts Market?
The sample report for the EVTOL Aircrafts Market can be obtained on demand from the website. Also, the 24*7 chat support & direct call services are provided to procure the sample report.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
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