Press release
Global eVTOL Aircraft Market Valued at USD 10,469.5 Million in 2022, Poised to Reach USD 52,007.0 Million by 2030 with a Remarkable 22.43% CAGR
The eVTOL aircraft market's trajectory is impressive, with a valuation of approximately USD 10,469.5 million in 2022 and a projected surge to nearly USD 52,007.0 million by 2030, showcasing an astounding Compound Annual Growth Rate (CAGR) of 22.43% over the forecast period.
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Addressing Growing Traffic Congestion with eVTOL
The rise of traffic congestion and increasing transportation requirements have set the stage for substantial market growth. As urban populations continue to expand, the demand for efficient and smarter transportation solutions becomes paramount. eVTOL aircraft, offering swift and cost-effective modes of transportation, are poised to be adopted by the growing urban populace. Traditional ground transportation methods, such as cars and buses, are facing increasing congestion and inefficiency, necessitating the demand for more efficient and time-saving alternatives.
Moreover, the pressing concern of rising CO2 emissions is fueling the need for eVTOL aircraft, offering a greener solution to urban transportation. The Energy Information Administration's International Energy Report 2021 highlighted the increasing global CO2 emissions from energy consumption, with a significant year-on-year increase, driven by economic activity rebound and a surge in fossil fuel demand. The eVTOL market aligns with the urgency to combat climate change by providing a more sustainable mode of urban transportation.
Despite these positive trends, infrastructure and technology-related challenges pose hurdles to market growth. Battery technology limitations in commercial eVTOLs hinder range and carrying capacity, which must evolve rapidly for long-distance travel. Additionally, concerns regarding battery weight, utilization, and charging infrastructure must be addressed. Nevertheless, the burgeoning technological advancements and investments create lucrative growth opportunities.
Unlocking Growth with Technological Advancements
Rapid technological advancements by various manufacturers are opening avenues for the eVTOL aircraft market's expansion. Key players are heavily investing in the development of complex technologies, including situational awareness systems, detection, and collision avoidance systems. For example, Sagetech Avionics Inc. has developed several certifiable detect-and-avoid systems and situational awareness solutions for urban air mobility.
In addition, eVTOL capabilities are approaching those of traditional aircraft, with the added benefit of sustainability when paired with other mobility services. Notably, global aviation significantly contributes to CO2 emissions, making the shift to sustainable aviation fuel essential. eVTOLs have the potential to reduce carbon emissions and noise pollution by utilizing sustainable aviation fuel and quieter operations.
As eVTOL technology advances, several large-scale companies and airlines are investing in these aircraft. In 2022, many companies, including Joby, Lilium, Archer Aviation, and others, announced significant investments and partnerships, reflecting the growing demand for aerial ride-sharing services.
Segmentation and Key Players
The report on the global eVTOL aircraft market offers a comprehensive breakdown into segments, including type, battery type, lift technology, type of propulsion, and type of Maximum Takeoff Weight (MTOW).
Type: Sub-markets include air taxis, delivery drones, and others.
Battery Type: Sub-markets encompass lithium-ion batteries, solid-state batteries, and hydrogen fuel cells.
Lift Technology: Sub-markets include multirotor, vectored thrust, lift plus cruise, and others.
Type of Propulsion: Sub-markets comprise fully electric, hybrid, and electric hydrogen.
Type of MTOW: Sub-markets include 1,500 kg.
The report also profiles key players in the eVTOL aircraft market, including Aurora Flight Sciences, Airbus SE, Lilium, Embraer, Volocopter, Pipistrel, Bell Helicopter, Neva Aerospace, Kitty Hawk, Joby Aviation, and Karem Aircraft.
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Table of Content
Chapter 1. Preface
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
Chapter 2. Executive Summary
2.1. eVTOL Aircraft Market Highlights
2.2. eVTOL Aircraft Market Projection
2.3. eVTOL Aircraft Market Regional Highlights
Chapter 3. Global eVTOL Aircraft Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.3. Analysis of COVID-19 impact on the eVTOL Aircraft Market
3.4. Porter's Five Forces Analysis
3.5. IGR-Growth Matrix Analysis
3.5.1. IGR-Growth Matrix Analysis by Type
3.5.2. IGR-Growth Matrix Analysis by Battery Type
3.5.3. IGR-Growth Matrix Analysis by Lift Technology
3.5.4. IGR-Growth Matrix Analysis by Type of Propulsion
3.5.5. IGR-Growth Matrix Analysis by Type of MTOW
3.5.6. IGR-Growth Matrix Analysis by Region
3.6. Value Chain Analysis of eVTOL Aircraft Market
Chapter 4. eVTOL Aircraft Market Macro Indicator Analysis
Chapter 5. Global eVTOL Aircraft Market by Type
5.1. Air Taxis
5.2. Delivery Drones
5.3. Others
Chapter 6. Global eVTOL Aircraft Market by Battery Type
6.1. Lithium-ion Batteries
6.2. Solid-state Batteries
6.3. Hydrogen Fuel Cells
Chapter 7. Global eVTOL Aircraft Market by Lift Technology
7.1. Multirotor
7.2. Vectored Thrust
7.3. Lift Plus Cruise
7.4. Others
Chapter 8. Global eVTOL Aircraft Market by Type of Propulsion
8.1. Fully Electric
8.2. Hybrid
8.3. Electric Hydrogen
Chapter 9. Global eVTOL Aircraft Market by Type of MTOW
9.1. 1,500 Kg
Chapter 10. Global eVTOL Aircraft Market by Region 2020-2026
10.1. North America
10.1.1. North America eVTOL Aircraft Market by Type
10.1.2. North America eVTOL Aircraft Market by Battery Type
10.1.3. North America eVTOL Aircraft Market by Lift Technology
10.1.4. North America eVTOL Aircraft Market by Type of Propulsion
10.1.5. North America eVTOL Aircraft Market by Type of MTOW
10.1.6. North America eVTOL Aircraft Market by Country
10.2. Europe
10.2.1. Europe eVTOL Aircraft Market by Type
10.2.2. Europe eVTOL Aircraft Market by Battery Type
10.2.3. Europe eVTOL Aircraft Market by Lift Technology
10.2.4. Europe eVTOL Aircraft Market by Type of Propulsion
10.2.5. Europe eVTOL Aircraft Market by Type of MTOW
10.2.6. Europe eVTOL Aircraft Market by Country
10.3. Asia-Pacific
10.3.1. Asia-Pacific eVTOL Aircraft Market by Type
10.3.2. Asia-Pacific eVTOL Aircraft Market by Battery Type
10.3.3. Asia-Pacific eVTOL Aircraft Market by Lift Technology
10.3.4. Asia-Pacific eVTOL Aircraft Market by Type of Propulsion
10.3.5. Asia-Pacific eVTOL Aircraft Market by Type of MTOW
10.3.6. Asia-Pacific eVTOL Aircraft Market by Country
10.4. RoW
10.4.1. RoW eVTOL Aircraft Market by Type
10.4.2. RoW eVTOL Aircraft Market by Battery Type
10.4.3. RoW eVTOL Aircraft Market by Lift Technology
10.4.4. RoW eVTOL Aircraft Market by Type of Propulsion
10.4.5. RoW eVTOL Aircraft Market by Type of MTOW
10.4.6. RoW eVTOL Aircraft Market by Sub-region
Chapter 11. Company Profiles and Competitive Landscape
11.1. Competitive Landscape in the Global eVTOL Aircraft Market
11.2. Companies Profiles
11.2.1. Volocopter
11.2.2. Textron Inc. (Bell Nexus & Pipistrel)
11.2.3. Joby Aviation
11.2.4. AURORA FLIGHT SCIENCES
11.2.5. Airbus
11.2.6. Lilium
11.2.7. BETA Technologies
11.2.8. Vertical Aerospace
11.2.9. Eve Air Mobility
11.2.10. ARCHER AVIATION INC
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Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of eVTOL Aircraft.
=> Complete coverage of all the product types and application segments to analyze the trends, developments, and forecast of market size up to 2030.
=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand, and/or diversify.
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Through our information services and solutions, we assist our clients to improve their performance and assess the market conditions to achieve their organizational goals. Our team of experts and analysts is engaged in continuously monitoring and assessing the market conditions to provide knowledge support to our clients. To help our clients and to stay updated with the advances and inventions in technology, business processes, regulations, and the environment, Infinium often conducts regular meets with industry experts and opinion leaders. Our key opinion leaders are involved in monitoring and assessing the progress in the business environment, so as to offer the best opinion to our clients.
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