Global Exploring the Electric VTOL Aircraft Market Trends and Growth Forecast 2023 to 2028 | Ehang, Airbus, Airspace Experience Technologies
At a projected CAGR of 16.3% throughout the projection period, the worldwide marketplace for eVTOL Aircraft is anticipated to reach USD 42.1 billion by 2028. The global market for electric vertical take-off and landing (eVTOL) aircraft is referred to as the "Electric VTOL Aircraft Market." eVTOL aircraft are helicopter-like aircraft that have a vertical takeoff and landing capability and can transition to flying like an aeroplane once they reach a particular altitude. Due to factors like escalating urbanisation, the demand for effective and sustainable transportation, and improvements in electric and hybrid propulsion technology, the market for eVTOL aircraft is predicted to expand rapidly in the coming years. The necessity for inexpensive air travel, the rising popularity of electric vehicles, and the growing interest in greenhouse gas emission reduction are anticipated to drive the industry.
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The Key companies profiled in the Electric VTOL Aircraft Market:
The study examines the Electric VTOL Aircraft Market's competitive landscape and includes data on Ehang, Airbus, Airspace Experience Technologies, Aurora Flight Sciences, Bell Aircraft, Boeing, Embraer, Overair, Lilium, Neva Aerospace, Opener, Pipistrel, Volocopter, Moog, Porsche, Autonomous Flight, Alaka`i Technologies, Cartivator SkyDrive, Joby Aviation, Kitty Hawk, Sabrewing.
Global Electric VTOL Aircraft Market Split by Product Type and Applications
This report segments the Electric VTOL Aircraft Market on the basis of Types:
On the basis of Application, the Electric VTOL Aircraft Market is segmented into:
Medical Emergency Transportation
The Electric VTOL Aircraft Market is expected to experience significant growth in the coming years due to various factors such as increasing urbanisation, the need for low-cost air travel, advances in electric and hybrid propulsion technologies, and growing focus on reducing greenhouse gas emissions. While there are some challenges that the market will need to overcome, the potential benefits of electric VTOL aircraft make them an exciting area of innovation that is likely to play a significant role in the future of transportation.
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In the upcoming years, the market for electric VTOL aircraft is anticipated to expand significantly due to factors like rising demand for environmentally friendly transportation options, technological improvements, and government initiatives to support sustainable aviation. Due to the existence of significant companies and a developed aerospace sector, North America is likely to dominate the market, with Europe coming in at a close second. During the projected period, the Asia Pacific area is anticipated to develop at the quickest rate due to factors like accelerating urbanisation, rising disposable income, and an escalating middle-class population.
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Electric VTOL Aircraft Market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
The market for Electric Vertical Takeoff and Landing (eVTOL) aircraft has the potential to have a positive effect on the Aerospace and Defence sector by stimulating the development of the electric propulsion systems market, opening up new opportunities for urban air mobility, and elevating the sector to the forefront of sustainable transportation.
Major Point of Table of Contents:
Chapter 1 Industry Overview
Chapter 2 Global Electric VTOL Aircraft Competition by Types, Applications, and Top Regions and Countries
Chapter 3 Production Market Analysis
Chapter 4 Global Electric VTOL Aircraft Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Electric VTOL Aircraft Market Analysis
Chapter 6 East Asia Electric VTOL Aircraft Market Analysis
Chapter 7 Europe Electric VTOL Aircraft Market Analysis
Chapter 8 South Asia Electric VTOL Aircraft Market Analysis
Chapter 9 Southeast Asia Electric VTOL Aircraft Market Analysis
Chapter 10 Middle East Electric VTOL Aircraft Market Analysis
Chapter 11 Africa Electric VTOL Aircraft Market Analysis
Chapter 12 Oceania Electric VTOL Aircraft Market Analysis
Chapter 13 South America Electric VTOL Aircraft Market Analysis
Chapter 14 Company Profiles and Key Figures in Electric VTOL Aircraft Business
Chapter 15 Global Electric VTOL Aircraft Market Forecast (2023-2028)
Chapter 16 Conclusions
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