eVTOL Aircraft Market Outlook 2020 - Huge Growth, Trends, Revenue And In-Depth Analysis 2028 | Kitty Hawk, Lilium, Volocopter, Airbus

A recent report published by QMI on eVTOL aircraft market is a detailed assessment of the most important market dynamics. After carrying out thorough research of eVTOL aircraft market historical as well as current growth parameters, business expectations for growth are obtained with utmost precision. The study identifies specific and important factors affecting the market for eVTOL aircraft during the forecast period. It can enable manufacturers of eVTOL aircraft to change their production and marketing strategies in order to envisage maximum growth.

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According to the report, the eVTOL (electric vertical takeoff and landing) aircraft represents the next generation of autonomous electric aircraft that are safer, quieter, and cleaner. These eVTOL Aircraft can autonomously transport passengers, plan routes, respond to contingencies, and detect and avoid unexpected obstacles as well as to navigate complex and busy urban environments. They operate with a vertiport system that will safely and quickly board and exit passengers.

Segmentation for better understanding of this market and its growth prospects:

The global eVTOL aircraft market is segmented based on lift technology, type of propulsion and mode of operation.

Based on lift technology, it is segmented into Vectored Thrust, Multirotor, Lift Plus Cruise. The vectored thrust is most widely used owing to the higher endurance and efficiency provided by this technology to eVTOL aircraft. In addition to this, the increasing investments from various manufacturers for the use of eVTOL aircraft in commercial applications, such as air taxi, passenger air travel, cargo transportation, and air ambulance have also propelled the growth of this segment.

By type of propulsion, the market is segregated into Fully Electric Battery, Electric Hybrid and Electric Hydrogen. The fully electric battery is majorly used than its counterparts as it is more economical when compared to others.

Segmentation for better understanding of this market and its growth prospects
mode of operation, it is segmented into piloted and optionally piloted. Due to the growing demand for autonomous eVTOLs for commercial applications, there has been a significant rise in the demand for an optionally piloted mode of operation. These autonomous aerial vehicles can be used in several areas of operations as these vehicles are programmable autonomous robots that can carry out tasks at high altitudes with increased power capacity.

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Significant Factors Impacting Market Growth:

o It offers enhanced safety, comfort, and reduced noise
o The growing need for a faster mode of transportation and increasing road traffic congestion in urban areas
o Its various advantages to users such as flexibility, convenience, reduced air pollution, and fast travel.

Insights about regional distribution of market:

The market has been segmented in major regions to understand the global development and demand patterns of this market. For eVTOL aircraft market, the segments by region are for North America, Asia Pacific, Western Europe, Eastern Europe, Middle East, and Rest of the World. During the forecast period, North America, Asia Pacific and Western Europe are expected to be major regions in the eVTOL aircraft market.

North America and Western Europe have been dominant players in this market with the presence of major companies which have a strong infrastructure to boost aerospace & defense sector. In addition, some of the major countries like the US, France, UK, and Canada has been global exporters of aerospace & defense technologies due to established research & development centers, and others. Also, some of the major companies operating in eVTOL aircraft market are headquartered in these regions.

The Asia Pacific region is estimated to register fastest growing eVTOL aircraft market since some of the major economies like China, India, and South Korea are present in the region. In recent decades, these countries have witnessed strong government spending on defense infrastructure, as well as promoting air transport and space research. During the forecast period, the Middle East region is estimated to be a potential region for eVTOL aircraft market in the aerospace and defense sector. It is estimated that Eastern Europe will have stable demand during the forecast period. Also, the rest of the world is expected to be an emerging market with increasing demand.

Companies Covered: Kitty Hawk, Lilium, EHang, Volocopter, Bell Helicopter, and Airbus.

Market Segmentation:

By Lift Technology:

Vectored Thrust
Multirotor
Lift Plus Cruise

By Type Of Propulsion:

Electric Battery
Electric Hybrid
Electric Hydrogen

By Mode Of Operation:

Piloted
Optionally Piloted

By Region:

North America
By Country (US, Canada, Mexico)
By Lift Technology
By Type Of Propulsion
By Mode Of Operation
Western Europe:
By Country (Germany, UK, France, Spain, Rest of Western Europe)
By Lift Technology
By Type Of Propulsion
By Mode Of Operation
Eastern Europe:
By Country (Russia, Turkey, Rest of Eastern Europe)
By Lift Technology
By Type Of Propulsion
By Mode Of Operation
Asia Pacific
By Country (China, Japan, India, Rest of Asia Pacific)
By Lift Technology
By Type Of Propulsion
By Mode Of Operation
Middle East:
By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
By Lift Technology
By Type Of Propulsion
By Mode Of Operation
Rest of the World
By Region (South America, America)
By Lift Technology
By Type Of Propulsion
By Mode Of Operation

Reasons To Buy This Report:

Market size estimation of the global eVTOL aircraft market on a regional and global basis
The unique research design for market size estimation and forecast
Profiling of major companies operating in the market with key developments
Broad scope to cover all the possible segments helping every stakeholder in the market

Customization:

We provide customization of the study to meet specific requirements:
By Segment
By Sub-segment
By Region/Country

Contact:
Quince Market Insights
Ajay D. (Knowledge Partner)
Office No- A109,
Pune, Maharashtra 411028
Phone: +91 7066725858 / +1 208 405 2835 / +44 121 364 6144
Email: sales@quincemarketinsights.com
Web: www.quincemarketinsights.com

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This release was published on openPR.