eVTOL Aircraft Market Size Gaining: Off To A Good Start | Joby Aviation, Hyundai, Airbus

The Global eVTOL Aircraft Market study with 132+ market data Tables, Pie charts & Figures is now released by HTF MI. The research assessment of the Market is designed to analyse futuristic trends, growth factors, industry opinions, and industry-validated market facts to forecast till 2029.

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)

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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)

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