eVTOL Market is Reshaping the Aerospace Industry Outlook & To Reach US$ 40.50Bn By 2031 | Most Leading Companies - Kitty Hawk, Lilium, Ehang, Volocopter GmbH, Beta Technologies, Joby Aviation, Urban Aeronautics Ltd

Global eVTOL Market reached US$ 1.2 billion in 2023 and is expected to reach US$ 40.50 billion by 2031, growing with a CAGR of 55.25% during the forecast period 2024-2031.

eVTOL Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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Market opportunities and Growth Drivers

Growing Capital Flow into eVTOL Development

✦ Eco-Friendly and Low-Noise Aviation Solutions

✦ Vectored Thrust: Enhancing Efficiency and Adaptability

✦ European Push for Green Urban Air Mobility

✦ Ongoing Concerns Around Operational Safety

List of the Key Players in the eVTOL Market:

Kitty Hawk, Lilium, Ehang, Volocopter GmbH, Beta Technologies, Joby Aviation, Urban Aeronautics Ltd., Airbus SE, Elbit Systems Ltd. and Bell Textron, Inc.

Industry Development:

In April 2024, BETA Technologies, Inc. successfully conducted early piloted transition flights with its Alia 250 eVTOL prototype, marking a key milestone by smoothly transitioning from vertical takeoff to horizontal flight.

Also in April 2024, Guangzhou EHang Intelligent Technology Co. Ltd. announced that its EH216-S unmanned eVTOL aircraft completed its first autonomous flight in the region during the DRIFTx event in Abu Dhabi on April 25, highlighting a major achievement in regional operations.

In March 2024, Airbus S.E. unveiled its latest eVTOL prototype, the CityAirbus NextGen. Designed to carry a pilot and three passengers, the aircraft features a 40-foot (12-meter) wingspan and represents the company's next step in urban air mobility.

Assessing the Effects of U.S. Tariffs on the Market

The U.S. tariff war is reshaping how businesses analyze trends and make strategic decisions. As tariffs drive up costs and disrupt supply chains, companies are increasingly focused on understanding consumer behavior, identifying new sourcing opportunities, and adjusting their operations to remain competitive. The ongoing uncertainty has created a stronger demand for timely insights and data-driven strategies to navigate shifting trade dynamics and economic pressures.

Research Process:

Both primary and secondary data sources have been used in the global eVTOL Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the eVTOL Market:

By Lift Technology: Vectored Thrust, Multirotor, and Lift Plus Cruise

By Propulsion: Battery-Electric, Hybrid-Electric, and Hydrogen-Electric

By System: Batteries & Cells, Electric Motors/Engines, Aero Structures, Avionics, Software, and Others

By Mode of Operation: Piloted, Autonomous, and Semi-Autonomous

By Range: 0-200 Km, 200-500 Km, and Others

By Maximum Take-off Weight: MTOW (Less Than 250 Kg, 250-500 Kg, 500-1500 Kg, and Greater Than 1500 Kg)

By Application: Commercial [Air Taxi and Delivery Drones], Military [Cargo Transport, Combat Mission, and Others], Emergency Medical Service [Air Ambulance, Medical Cargo Transport, and Others], and Others

Regional Analysis for eVTOL Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the eVTOL market?

➠ Who are the leading manufacturers in the global eVTOL industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global eVTOL industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the eVTOL market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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