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EVTOL Aircraft Market Size, Share, Unique Trends Analysis Report By Product And Segment Forecasts 2023-2032
EVTOL Aircraft Global Market
The Business Research Company's EVTOL Aircraft Global Market Report 2023 identifies rise in security threats with the the growing need for green energy and noise-free aircraft as the major driver for the EVTOL Aircraft market's growth in the forecast period. The growing need for green energy and noise-free aircraft is propelling the growth of the eVTOL aircraft market. The strive for greater fuel efficiency and reduction of noise pollution is the central need to reduce environmental impact. The energy for eVTOL aircraft is generated by powered lift designs using turbofan engines with auxiliary/ augmented lift fans. Most electric-powered VTOL aircraft being developed today will use distributed electric propulsion (DEP) as a gateway to sustainable aviation.
The global evtol aircraft market size grew from $7.88 billion in 2022 to $9.24 billion in 2023 at a compound annual growth rate (CAGR) of 17.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The evtol aircraft market size is expected to grow to $20.72 billion in 2027 at a CAGR of 22.4%.
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Major competitors in the EVTOL Aircraft market are Airbus SE, Bell Textron Inc., Embraer SA, EHang Holdings Ltd., Elbit Systems Ltd., Kitty Hawk, Lilium, Volocopter GmbH, Joby Aviation, Urban Aeronautics Ltd., Pipistrel, Moog Inc., The Boeing Co., Karem Aircraft Inc., Lift Aircraft, Aurora Flight Sciences.
A key trend in the EVTOL Aircraft market includes Technological advancement. Major companies operating in the eVTOL aircraft market are focused on providing technologically advanced solutions to strengthen their market position. These companies are implementing next generation eVTOL aircraft technologies into their services, such as IoT, ultra-edge hydrogen and battery cell, Onboard sensors and collision prevention systems, AI technology, 5G communication, and others. For instance, In April 2022, Hyundai, an automotive manufacturer company, explored hydrogen fuel cell technology for the electric short Take-off and landing eVTOL aircraft segment.
Read More On The Global EVTOL Aircraft Market Report Here:
https://www.thebusinessresearchcompany.com/report/evtol-aircraft-global-market-report
The EVTOL Aircraft market is segmented -
1) By Lift Technology: Vectored Thrust, Multirotor, Lift Plus Cruise
2) By Propulsion Type: Fully Electric, Hybrid Electric, Hydrogen Electric
3) By Mode of Operation: Autonomous, Piloted
4) By Application: Air Taxis, Air Shuttles And Air Metro, Private Transport, Cargo Transport, Air Ambulance And Medical Emergency, Last Mile Delivery, Inspection and Monitoring, Surveying and Mapping, Surveillance, Special Mission, Others
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the EVTOL Aircraft market.
The Business Research Company's "Global EVTOL Aircraft Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The EVTOL Aircraft Market Include:
1. Executive Summary
2. eVTOL Aircraft market Characteristics
3. eVTOL Aircraft market Trends And Strategies
4. eVTOL Aircraft Forwarding Market - Macro Economic Scenario
5. eVTOL Aircraft market Size And Growth
……
27. eVTOL Aircraft market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The eVTOL Aircraft market
29. eVTOL Aircraft market Future Outlook and Potential Analysis
30. Appendix
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