eVTOL Aircraft Market worth $34.07 billion by 2030, growing at a CAGR of 15.40% - Exclusive Report by 360iResearch

The "eVTOL Aircraft Market by Lift Technology (Lift plus Cruise, Multirotor, Vectored Thrust), Propulsion Type (Fully Electric, Hybrid Electric, Hydrogen Electric), System, Mode of Operation, Application, MTOW, Range - Global Forecast 2023-2030" report has been added to 360iResearch.com's offering.

The Global eVTOL Aircraft Market to grow from USD 10.83 billion in 2022 to USD 34.07 billion by 2030, at a CAGR of 15.40%.

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Electric vertical takeoff and landing aircraft are an emerging class of vehicles aimed at urban air mobility and reshaping transportation in congested cities. Unlike traditional aircraft, eVTOLs are designed to ascend, hover, and descend vertically, which allows them to operate in urban environments with limited space. The eVTOL innovative aircraft uses electric power to drive rotors or fans, resulting in a cleaner, quieter, and more efficient mode of air transportation. The integration of advanced aerospace technologies, such as autonomous flight systems, lightweight materials, and sophisticated aerodynamics, makes eVTOLs a foundation for the future of urban air travel, offering solutions to reduce road traffic congestion and emissions. The development of eVTOL aircraft marks a significant step toward sustainable aviation and is currently a focus of considerable research, development, and investment by startups and established aerospace companies alike. The market is driven by factors such as advancements in battery technology, increased focus on reducing carbon emissions, urban congestion, and the demand for fast, efficient transportation methods. However, significant challenges, such as ensuring vehicle safety, extending flight range, minimizing noise levels, and achieving cost-effectiveness for mass adoption, need to be addressed to ensure the use of eVTOL aircraft. The integration of Advanced Air Mobility (AAM) systems and increasing investment in eVTOL aircraft manufacturing offer remunerative opportunities for expansion of the eVTOL aircraft market.

In Americas, particularly the United States, shows a significant interest in the development and commercialization of eVTOL aircraft. The American region benefits from a mature aerospace industry, innovative technology companies, and supportive regulatory frameworks. The initiatives, such as the Urban Air Mobility (UAM) Grand Challenge by NASA reflect the region's commitment to integrating eVTOLs into the national airspace. Countries such as the United States and Canada are likely to be early adopters due to high urbanization rates and substantial investments in research and development. Asia-Pacific is anticipated to be a fast-growing market for eVTOL aircraft, with the development in countries such as China and Japan. The dense urban populations and growing economic powerhouses in the Asia-Pacific region present a prime opportunity for eVTOL deployment to relieve congestion and support rapid transit. In China, eVTOL initiatives have also been strongly backed by the government, alongside private investments, making it a potentially large market. EMEA region presents a diverse outlook for the eVTOL market. Europe has seen considerable activity in the eVTOL space, with several startups and established aerospace firms engaged in the field. The European Union Aviation Safety Agency has been proactive in creating a regulatory framework to facilitate the safe introduction of eVTOLs. Countries such as Germany and France are notable for their technological expertise and support of innovation in urban air mobility. The Middle East, particularly the United Arab Emirates, is looking to position itself as a leader in futuristic transportation, with companies in Dubai testing eVTOL concepts. The market holds potential due to its expanding cities and the requirement for innovative transportation solutions to tackle infrastructure constraints in the African region.

Market Segmentation & Coverage:

This research report categorizes the eVTOL Aircraft Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Lift Technology, market is studied across Lift plus Cruise, Multirotor, and Vectored Thrust. The Multirotor commanded largest market share of 39.22% in 2022, followed by Vectored Thrust.

Based on Propulsion Type, market is studied across Fully Electric, Hybrid Electric, and Hydrogen Electric. The Fully Electric commanded largest market share of 56.92% in 2022, followed by Hybrid Electric.

Based on System, market is studied across Aerostructures, Avionics, Batteries & Cells, Electric Motor/Engine, and Software. The Batteries & Cells is further studied across Hydrogen Fuel Cells, Lithium-Ion Batteries, and Solid-State Batteries. The Avionics commanded largest market share of 42.11% in 2022, followed by Batteries & Cells.

Based on Mode of Operation, market is studied across Autonomous and Piloted. The Piloted commanded largest market share of 62.13% in 2022, followed by Autonomous.

Based on Application, market is studied across Air Ambulance & Medical Emergency, Air Shuttles & Air Metro, Air Taxis, Cargo Transport, Inspection & Monitoring, Last-Mile Delivery, Private Transport, Special Mission, Surveillance, and Surveying & Mapping. The Inspection & Monitoring commanded largest market share of 16.24% in 2022, followed by Last-Mile Delivery.

Based on MTOW, market is studied across 1,000-2,000 kg, 100-1000 kg, 2,000 kg. The 100-1000 kg commanded largest market share of 39.12% in 2022, followed by 1,000-2,000 kg.

Based on Range, market is studied across 0 - 200 km and 200 - 500 km. The 0 - 200 km commanded largest market share of 56.31% in 2022, followed by 200 - 500 km.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 44.15% in 2022, followed by Europe, Middle East & Africa.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the eVTOL Aircraft Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the eVTOL Aircraft Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the eVTOL Aircraft Market, highlighting leading vendors and their innovative profiles. These include Airbus SE, ARC Aerosystems Ltd., Archer Aviation Inc., BETA Technologies, Inc., EHang Holdings Limited, Elroy Air, Inc., Embraer S.A., Israel Aerospace Industries Ltd., Jaunt Air Mobility LLC, Joby Aviation, Inc., LIFT Aircraft Inc., Lilium GmbH, MGM COMPRO, Moog Inc., Overair, Inc., Piasecki Aircraft Corporation, Terrafugia, Inc., Textron, Inc., The Boeing Company, Urban Aeronautics Ltd., Vertical Aerospace Group Ltd., Volocopter GmbH, and XTI Aircraft Company.

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. eVTOL Aircraft Market, by Lift Technology
7. eVTOL Aircraft Market, by Propulsion Type
8. eVTOL Aircraft Market, by System
9. eVTOL Aircraft Market, by Mode of Operation
10. eVTOL Aircraft Market, by Application
11. eVTOL Aircraft Market, by MTOW
12. eVTOL Aircraft Market, by Range
13. Americas eVTOL Aircraft Market
14. Asia-Pacific eVTOL Aircraft Market
15. Europe, Middle East & Africa eVTOL Aircraft Market
16. Competitive Landscape
17. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the eVTOL Aircraft Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the eVTOL Aircraft Market?
3. What is the competitive strategic window for opportunities in the eVTOL Aircraft Market?
4. What are the technology trends and regulatory frameworks in the eVTOL Aircraft Market?
5. What is the market share of the leading vendors in the eVTOL Aircraft Market?
6. What modes and strategic moves are considered suitable for entering the eVTOL Aircraft Market?

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