Press release
eVTOL Aircraft Market Size Gaining: Off To A Good Start | Joby Aviation, Hyundai, Airbus
eVTOL Aircraft
The market Study is segmented by key a region that is accelerating the marketization. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones.
Some of the players studied are Archer Aviation (United States), Joby Aviation (United States), Vertical Aerospace (United Kingdom), Wisk (United States), Airbus (Netherlands), Boeing (United States), Embraer (Brazil), Honda (Japan), Hyundai (United States).
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The Global eVTOL Aircraft Market was valued at USD 19.6 Billion in 2023 and is expected to reach USD 23.4 Billion by 2029, growing at a CAGR of 21.18% during 2023-2029.
Definition:
eVTOL stands for Electric Vertical Takeoff and Landing aircraft. These vehicles are a type of electric aircraft that can take off and land vertically. They are designed to operate without the need for a runway, making them suitable for urban air mobility (UAM) and short-distance transportation.
Market Trends:
The eVTOL sector has attracted substantial investment from both traditional aerospace companies and new players, including venture capital firms. The industry has seen significant funding rounds for various eVTOL developers, reflecting the growing interest and confidence in the market.
Market Drivers:
Rapid urbanization has led to increased traffic congestion in many cities, resulting in longer commute times and environmental concerns. eVTOL aircraft are seen as a potential solution for urban mobility challenges, offering the ability to bypass ground traffic and reduce travel times.
Market Opportunities:
eVTOL aircraft have the potential to revolutionize urban transportation by providing efficient and quick point-to-point connectivity within cities. This could lead to the creation of on-demand air taxi services, reducing congestion and offering a new mode of transportation.
Target Audience:
Analysts and Strategic Business Planners,New Entrants and Investors,Aviation Industry,Government Bodies,Others
Global eVTOL Aircraft Market Competitive Analysis
Know your current market situation! Not just new products but ongoing products are also essential to analyse due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
Players Included in Research Coverage: Archer Aviation (United States), Joby Aviation (United States), Vertical Aerospace (United Kingdom), Wisk (United States), Airbus (Netherlands), Boeing (United States), Embraer (Brazil), Honda (Japan), Hyundai (United States)
Additionally, Past Global eVTOL Aircraft Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
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Segmentation and Targeting
Essential demographic, geographic, psychographic, and behavioural information about business segments in the eVTOL Aircraft market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behaviour, and patterns.
eVTOL Aircraft Product Types In-Depth: Battery -Electric, Hybrid- Electric, Hydrogen-Electric) by Flight Mechanisms (Multicopters, Vectored Thrust
eVTOL Aircraft Major Applications/End users: Military Applications, Recreational Flights, Emergency Medical Services, Air Cargo, Parcels and Deliveries, On-Demand Passenger Services
eVTOL Aircraft Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Buy Now Latest Edition of Global eVTOL Aircraft Market Report @ https://www.htfmarketintelligence.com/buy-now?format=1&report=2540?utm_source=Neeti_OpenPR&utm_id=Neeti
Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyse the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyse reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
Get Detailed TOC and Overview of Report @ https://www.htfmarketintelligence.com/report/global-evtol-aircraft-market?utm_source=Neeti_OpenPR&utm_id=Neeti
Thanks for reading this article, you can also make sectional purchase or opt-in for regional report by limiting the scope to only North America, ANZ, Europe or MENA Countries, Eastern Europe or European Union.
Contact Us:
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
Connect with us at LinkedIn | Facebook | Twitter
About Us:
HTF Market Intelligence is a leading market research company providing end-to-end syndicated and custom market reports, consulting services, and insightful information across the globe. HTF MI integrates History, Trends, and Forecasts to identify the highest value opportunities, cope with the most critical business challenges and transform the businesses. Analysts at HTF MI focuses on comprehending the unique needs of each client to deliver insights that are most suited to his particular requirements
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