The Electric Vertical Take-off and Landing (eVTOL) Aircraft Market Detailed Analysis Of Current Industry Trends, Growth Forecast To 2026
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The vectored thrust segment is projected to grow at the highest CAGR during the forecast period owing to the higher endurance and efficiency provided by this technology to eVTOL aircraft. In addition to this, 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, are driving the growth of this segment.
Advancements in the manufacturing capability of the region's emerging economies will drive the market. Additionally, the ever-increasing trend of automation and globalization in Asia Pacific countries is fueling the growth of this regional market.
Key Market Players include Kitty Hawk (US), Lilium (Germany), EHang (China), Volocopter (Germany), Bell Helicopter (US), and A3 by Airbus (US).
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