eVTOL Aircraft Market is driven by increasing demand for on-demand air transportation | Bell Textron Inc, Workhorse, Lilium GmbH, TERRAFUGIA

New York, According to a new market research report published by Global Insight Services eVTOL Aircraft Market is expected to grow by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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An electric vertical take-off and landing (eVTOL) aircraft is a type of plane that can take off and land vertically. These aircraft are powered by electric motors and have multiple rotors or propellers that allow them to take off and land vertically, like a helicopter. eVTOL aircraft are still in development and are not yet commercially available. However, there are a number of companies working on developing these aircraft, and it is expected that they will be available for commercial use in the next few years.

There are several benefits of eVTOL aircraft over traditional aircraft. First, eVTOL aircraft are much quieter than traditional aircraft, which is important for areas where noise pollution is a concern. Second, eVTOL aircraft do not require a runway, which means they can take off and land in a much smaller area than traditional aircraft. This is especially beneficial in urban areas where space is limited. Finally, eVTOL aircraft are powered by electric motors, which means they produce no emissions. This is important for reducing the impact of aviation on the environment.

Key Trends

The key trends in eVTOL aircraft technology are electric propulsion, vertical takeoff and landing, and autonomous operation. These technologies are enabling a new generation of aircraft that are quieter, cleaner, and more efficient than traditional helicopters.

Electric propulsion is a key enabling technology for eVTOL aircraft. Electric motors are more efficient than traditional combustion engines, and they produce zero emissions. Electric propulsion also enables vertical takeoff and landing, which is a key advantage of eVTOL aircraft over traditional helicopters.

Autonomous operation is another key trend in eVTOL aircraft technology. Autonomous aircraft can be piloted without a human pilot on board, and they can be operated without a traditional flight deck. This enables eVTOL aircraft to be smaller and lighter than traditional helicopters, and it also reduces operating costs.

Key Drivers

The key drivers of eVTOL aircraft market are the increasing demand for on-demand air transportation, the need for faster and more efficient transportation, and the increasing awareness of environmental concerns.

The demand for on-demand air transportation is being driven by the increasing number of people who are able to afford it, the increasing number of people who live in cities, and the increasing number of people who are time-poor.

The need for faster and more efficient transportation is being driven by the increasing number of people who live in cities and the increasing number of people who are time-poor.

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Market Segments:

The eVTOL Aircraft Market is segmented by type, battery type, lift technology, type of propulsion and region. By type the market is divided into air taxis, delivery drones and others. Based on battery type it is segmented into lithium-ion batteries, solid-state batteries and hydrogen fuel cells. On the basis of lift technology it is bifurcated into multirotor, vectored thrust, lift plus cruise and others. By type of propulsion it is segmented into fully electric, hybrid and electric hydrogen. Region wise the market is divided into North America, Europe, Asia-Pacific and Rest of the World.

Key Market Players:

The eVTOL Aircraft Market includes players such as EHANG, Volocopter GmbH, Uber Technologies Inc, Aurora Flight Sciences, A³ by Airbus, Bell Textron Inc, Workhorse, Lilium GmbH, TERRAFUGIA and OXIS Energy Ltd.

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Reasons to buy eVTOL Aircraft Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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