Key Emerging Trends in eVTOL Aircraft
One of the major factors expected to fuel the demand for eVTOL aircraft is the rising passenger traffic via roadways. There is a rapid increase in urban population, leading to an increase in the working population. This has led to huge traffic congestion on road networks during peak hours, thereby increasing the time spent by passengers in traffic jams. The need for quick transportation for intracity commute is also expected to contribute to the growth of the eVTOL aircraft market.
Download Free PDF Brochure @
“By lift technology, the vectored thrust segment is expected to lead the market during the forecast period”
Based on lift technology, the eVTOL aircraft market has been segmented into vectored thrust, multirotor, and lift plus cruise. The vectored thrust segment is projected to grow at the highest CAGR from 2025 to 2030. This projected growth can be attributed to the higher efficiency and endurance achieved by eVTOL aircraft due to the vectored thrust technology. With significant investments pouring into the development of drone infrastructure, the possibility of using drones for passenger and cargo transport is on the rise. The capability of the vectored thrust technology to support eVTOL aircraft operations for longer distances as compared to other lift technologies is expected to grow this segment at a higher rate.
Technological trends in eVTOL Industry:
Detect & Avoid
The detect & avoid system will help eVTOL aircraft to carry out autonomous operations smoothly and efficiently. Bosch is developing DeepSense, a detect & avoid technology product, to empower automated flying in eVTOL aircraft with maximum safety and efficiency. With advanced machine learning and artificial intelligence, the system will have enhanced capability for better sensing and decision-making.
Increasingly Autonomous SYSTEM
With improvements in the area of safe flight operations, the development and application of Increasingly Autonomous (IA) systems for eVTOL aircraft have been increasing. These systems are expected to return significant benefits in terms of safety, efficiency, reliability, affordability, and previously unattainable mission capabilities for both new and old aircraft.
A pilot-less eVTOL aircraft will be able to operate independently within civilian airspace and interact with air traffic controllers and other pilots, just as if a human pilot is on board and in command.
“By mode of operation, the optionally piloted segment is expected to grow at a higher CAGR during the forecast period”
Based on mode of operation, the eVTOL aircraft market has been segmented into piloted and optionally piloted. The optionally piloted segment is projected to grow at a higher CAGR than the piloted segment during the forecast period. The growing demand for autonomous eVTOLs for commercial application is expected to drive this segment. Autonomous aerial vehicles can be used in several areas of operations. These vehicles are programmable autonomous robots that can carry out tasks at high altitudes with increased power capacity.
“Commercial segment is expected to grow at a higher CAGR in eVTOL aircraft market”
Based on application, the market has been classified into commercial, military and cargo. The commercial segment is anticipated to witness the highest growth rate during the forecast period. The rise in the population residing in urban cities and their disposable income is expected to boost the growth of this segment. The growing demand for an alternative mode of transportation in urban cities due to increasing road traffic congestion globally is a one of the major factors driving eVTOL aircraft market growth.
“Asia Pacific is estimated to be the largest market for eVTOL aircraft during the forecast period”
Based on region, Asia Pacific is estimated to account for the largest share of the eVTOL aircraft market in 2025. The Asia Pacific market is also projected to witness the highest growth rate during the forecast period. The market growth in this region can be attributed to increased investments by leading eVTOL and drone manufacturers to develop infrastructure for urban air mobility for commercial applications. Investments are mainly driven by new product developments in Asia Pacific countries. Europe is one of the growing markets for eVTOL aircraft as countries in this region, such as Germany, France, Estonia, and Bulgaria are actively focused on developing the eVTOL aircraft ecosystem to facilitate cost-effective transportation. Another reason attributed to the growth of this regional market is the increasing number of manufacturing bases for commercial eVTOLs in Europe.
Some of the major players operating in the eVTOL aircraft market include Kitty Hawk (US), Lilium (Germany), EHang (China), Volocopter (Germany), and A3by Airbus (US).
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
USA : 1-888-600-6441
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Key Emerging Trends in eVTOL Aircraft here
News-ID: 1876248 • Views: 209
More Releases from MarketsandMarkets
X-Ray Detectors Market worth $4.0 billion by 2027 - Leading Key Players are Vare …
X-Ray Detectors Market size is projected to reach USD 4.0 billion by 2027 from USD 3.1 billion in 2022, at a CAGR of 5.2% according to a new report by MarketsandMarkets™. Increasing investments in advancing healthcare facilities & digital imaging technologies, growing demand for early diagnosis, and widening scope of clinical applications of X-ray detectors, rising chronic disorders which need quick examinations and increasing sedentary lifestyles are some of the
Palm Methyl Ester Derivatives Market | Key players operating in the market inclu …
The report "Palm Methyl Ester Derivatives Market by Product, Source (Crude Palm Oil, Palm Kernel Oil), End-Use (Soaps & Detergents, Personal Care & Cosmetic Products, Food & Beverages, Lubricants & Additives, Solvents), and Region - Global Forecast to 2027", is projected to grow from USD 1.9 billion in 2022 to USD 2.6 billion by 2027, at a CAGR of 6.3% during the forecast period. High demand for personal care &
Sodium Hydroxide Market | Key players operating in the market include Dow, Solva …
The global Sodium Hydroxide Market is projected to grow from USD 49.3 Billion in 2022 to USD 61.1 Billion by 2027, at a CAGR of 4.4% during the forecast period. Increase in the demand from the alumina application industry increased the demand for sodium hydroxide in 2021, which was driven by the surge in construction activity in emerging markets View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/sodium-hydroxide-market-91825689.html Browse 194 market data Tables and 39 Figures spread through 184
Food Grade Lubricants Market | Key players operating in the market include Exxon …
According to recent market research the "Food Grade Lubricants Market by base oil [Synthetic Oil, Mineral Oil, Bio-based], Application (Food, Beverages, Pharmaceuticals &Cosmetics), and Region (North America, Europe, Asia Pacific, MEA, South America) - Global Forecasts to 2027", The market is projected to reach USD 495 million by 2027, at a CAGR of 7.0% from USD 352 million in 2022. This growth is primarily triggered by the increasing demand for
More Releases for CAGR
Cat Litter Box Market | CAGR of 9.1% | Revenue & CAGR of 9.1%
Cat Litter Box Market Report provides precise data about the market size, commercialization aspects and revenue forecast of the industry. The global Cat Litter Box market offers a historical factsheet relevant to the strategic mergers, acquirements, joint venture activities, and partnerships spread in the Cat Litter Box market. The most advanced data has been presented in the study on the revenue numbers, product details, and sales of the major firms.
Predictive Analytics Market Growing at Strong CAGR of CAGR of 25.31% 2019
Predictive analytics helps to extract information from the existing data. It helps in understanding the pattern and predict the trend or future for the organization. It uses what-if scenarios to predict possible risks involved in the future. Predictive analytics also helps in the optimization of the marketing campaigns and understanding of the customer behaviour for increasing the end-user response and to reduce the churn. Predictive analytics is segmented into: Risk management:
Global Absorption Chillers Market Reflecting a CAGR of 7.6% CAGR through 2025
The demand for thermally-driven chillers in multiple industrial verticals is poised to grow in the immediate future. Considering the rising demand for electrical chillers in commercial, residential as well as industrial settings, the adoption of absorption chillers will gain traction at considerable rate. By consuming lesser energy than conventional electrical chillers, absorption chillers will also garner surplus demand for not using ozone-depleting chlorofluorocarbons (CFC) for chilling purposes. Persistence Market Research’s
Aircraft Sensors Market Growing at a CAGR of 6.4% CAGR By 2022
The global aircraft sensors market is forecasted to receive a strong push in its growth momentum on the back of advancements in technologies, massive investments forwarded by private equity groups, and the elevation in the demand for aircraft. Adherence to the requirements and regulations of authorities such as local aircraft regulatory bodies and the Federal Aviation Administration (FAA) could pamper the growth of the market. Nonetheless, there could be more
China Baby Diapers Market Reflecting a CAGR of 19.1% CAGR 2012-2017
The increasing birth rate in China has proven to be a boon for the country’s baby diaper’s market. To provide a comprehensive analysis of the growth trajectory exhibited by the China baby diapers market and study the impact of the dynamic regulatory policies on the market, Transparency Market Research (TMR) has published a report, titled “Baby Diapers Market - China Industry Analysis, Market Size, Share, Growth, Trends And Forecast, 2012
Ecg Device Market Register a CAGR Growth of 4.1% CAGR by 2024
This region holds highest market share over the forecast period (2016-2024) and is expected to exhibit slow growth rate. The Asia Pacific is expected to be the fastest-growing region for ECG devices owing to its increasing incidence rate of cardiovascular diseases and high population. ECG devices are experiencing a paradigm technological shift from resting ECG systems to portable Holter monitoring systems, owing to their advantages of patient mobility, low prices and