eVTOL Aircraft Market is expected to grow at a CAGR of 35.6% from 2021 to 2028

The eVTOL aircraft market is expected to grow from US$ 519.81 million in 2024 to US$ 1,756.28 million by 2028; it is expected to grow at a CAGR of 35.6% from 2024 to 2028.

Features:

• In order to maximize efficiency, and to also ensure safety, there are multiple motors.
• This is technology that has grown on account of successes in electric propulsion based on progress in motor, battery, fuel cell and electronic controller technologies and also fuelled by the need for new vehicle technology that ensures Urban Air Mobility (UAM).
• Thus, eVTOL is one of the newer technologies and developments in the aerospace industry.
• There are an estimated 250 eVTOL concepts or more being fine-tuned to bring alive the concept of UAM.
• Some of these include the use of multi-rotors, fixed-wing and tilt-wing concepts backed by sensors, cameras and even radar. Here the key word here is "autonomous connectivity".
• Some of these are in various test phases and there are also others undergoing test flights so as to be certified for use.
• In short, eVTOLs have been likened to a third wave in an aerial revolution.
• The first being the advent of commercial flying and the second, the age of helicopters.

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The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the EVTOL Aircraft market during the forecast period, i.e., 2020-2027. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.

Major vendors covered in this report:

• Airbus
• Bell Textron Inc.
• Boeing
• Eve Air Mobility
• Lilium GmbH
• Opener
• EHang
• BETA Technologies
• Pipistrel Group
• Volocopter GmbH
• Joby Aviation Inc.
• Heart Aerospace
• Archer Aviation Inc.

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the EVTOL Aircraft market. The researcher provides an extensive analysis of the EVTOL Aircraft market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

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Competitive scenario:

The study assesses factors such as segmentation, description, and applications of EVTOL Aircraft industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

Scope of the Report

The research on the EVTOL Aircraft market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor's methodologies. The research also segments the EVTOL Aircraft market on the basis of end user, product type, application, and demography for the forecast period 2021-2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

Most important products of EVTOL Aircraft covered in this report are:

Global EVTOL Aircraft market, by component, is segmented into hardware (camera and sensors) and software. The hardware segment is projected to continue to hold a larger share of the EVTOL Aircraft market throughout the forecast period.

Most important applications of EVTOL Aircraft covered in this report are:

The EVTOL Aircraft market is segmented into military & defense, retail, media & entertainment, personal, agriculture, industrial, law enforcement, and construction. The military & defense segment led the EVTOL Aircraft market.

EVTOL Aircraft Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

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This release was published on openPR.