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Key Emerging Trends in eVTOL Aircraft

12-05-2019 12:55 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: MarketsandMarkets

The eVTOL aircraft market size is projected to grow from USD 162 million in 2025 to USD 411 million by 2030, at a CAGR of 20.42% from 2025 to 2030.

https://www.marketsandmarkets.com/Market-Reports/evtol-aircraft-market-28054110.html

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.



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“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
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
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USA : 1-888-600-6441
sales@marketsandmarkets.com

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.

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