Personal Air Vehicles Market Set for Sky-High Growth - Forecast to Reach USD 1 Trillion by 2031 at 148.6% CAGR

QY Research has recently published a research report titled, "Global Personal Air Vehicles (PAVs) Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". The report offers a complete compilation of first-hand and authentic information on the global Personal Air Vehicles (PAVs) market taking into consideration market dynamics, segmentation, current developments, market trends, and competitive analysis. It also includes the qualitative and quantitative assessment by the leading industry analysts. Additionally, growth factors, micro and macroeconomic indicators, and emerging market trends are being scrutinized in the report. Impact of various factors on the global Personal Air Vehicles (PAVs) market growth has also been mapped by the report.

The global market for Personal Air Vehicles (PAVs) was estimated to be worth US$ 1367 million in 2024 and is forecast to a readjusted size of US$ 1000088 million by 2031 with a CAGR of 148.6% during the forecast period 2025-2031.

The researchers have done a detailed assessment on the global Personal Air Vehicles (PAVs) market with the help of suitable assumptions as well as methodologies. They have offered thoughtful insights, historical data, facts, and statistics, which will prove helpful for the market participants to strategize and make effective decisions to stay ahead of the curve.

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Global Personal Air Vehicles (PAVs) key players include Lilium GmbH, Vertical Aerospace, Joby Aviation, Boeing, Archer Aviation and Eve (Embraer), etc. Global top five manufacturers hold a share over 70%.

The largest market is Europe, has a share about 60%, followed by North America and Asia-Pacific, with around 30% and 10% market share respectively.

In terms of product, Single Seat is the largest segment, with a share over 40%. And in terms of application, the largest application is Commercial, has a share about 95%, followed by Individual.

With the acceleration of urbanization and the increasing problem of ground traffic congestion, PAVs are seen as one of the effective ways to ease traffic pressure. They can utilize existing airspace resources, reduce dependence on road infrastructure, and reduce energy consumption and environmental pollution by optimizing route planning. In addition, the application of electric or hybrid propulsion systems further enhances the environmental protection characteristics of PAVs, reducing noise and greenhouse gas emissions. The development of unmanned driving technology and artificial intelligence makes automated flight possible, while 5G communication networks provide real-time data transmission and remote monitoring capabilities. At the same time, advances in material science have brought about lighter but more durable body structures, extending flight time and range. Some leading aerospace companies such as Boeing and Airbus and emerging companies such as Joby Aviation and Lilium are actively developing and testing various models of PAVs.

Market Drivers and Restraints-

The Personal Air Vehicles (PAVs) research report presents a detailed case of the drivers in the global market. It evaluates each one in complete detail. Analysts have distinguished between needs and wants to calculate the supply and demand dynamics. The report also presents a detailed description of the changing consumer behavior, improving incomes, and shifting government policies. The Personal Air Vehicles (PAVs) research report also describes the evolution of trends that have raised the demand in recent years. Factors such as awareness about the increasing carbon footprint and greenhouse effect have been studied in this report. The report provides a comprehensive outlook of the global Personal Air Vehicles (PAVs) market to its readers.

The report also discusses the possible threats to the global Personal Air Vehicles (PAVs) market. It highlights the undercurrents that are expected to sway the market in the opposite direction. Analysts have taken utmost care to present this information with thorough calculation. However, the restraining factors come with an explanation of how to overcome the mounting stress on the players. The report provides a unique insight into the lucrative market segments that could change the game for the overall Personal Air Vehicles (PAVs) market. Analysts have explained the possible technologies and type of approach towards research that could help the market turn the restraints into opportunities.

Market players need to be equipped with the information regarding the current and future competitive scenario in order to keep a check on their competitors' activities as well as execute their business strategies. This report will surely suffice as the analysts have critically examined the competitive scenario and have offered reliable forecasts. With this information, companies can understand the current and future market scenario and plan their tactics to gain a competitive edge over others.

Key Players Mentioned in the Global Personal Air Vehicles (PAVs) Market Research Report:

Lilium GmbH
Vertical Aerospace
Pipistrel
Opener
Kitty Hawk
Volocopter
AeroMobil
Joby Aviation
Urban Aeronautics (Metro Skyways)
Samson Sky
PAL-V
Hanwha & Overair
Klein Vision
Distar Air
Boeing
Archer Aviation
Eve (Embraer)

The research report provides analysis based on the global Personal Air Vehicles (PAVs) market segments including product types, end user, application, and geography. Each and every segment has been studied on the basis of factors such as market share, market size, CAGR, demand, and growth potential. Moreover, the market analysts have identified the leading regions having growth potential. This segmental study will assist the key players to stress on key growth areas of the global Personal Air Vehicles (PAVs) market and according plan their further strategies.

Segment by Type:

Five Seats
Four Seats
Double Seats
Single Seat

Segment by Application:

Individual
Commercial

Key regions including but not limited to North America, Asia Pacific, Europe, and the MEA are exhaustively analyzed based on market size, CAGR, market potential, economic and political factors, regulatory scenarios, and other significant parameters. The regional analysis provided in the Personal Air Vehicles (PAVs) report will help market participants to identify lucrative and untapped business opportunities in different regions and countries. It includes a special study on production and production rate, import and export, and consumption in each regional Personal Air Vehicles (PAVs) market considered for research. The report also offers detailed analysis of country-level Personal Air Vehicles (PAVs) markets.

Segment by Region

North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)

Important Questions Answered included in the Report:

(A) What is the market size and growth rate of the global and regional market by various segments?

(B) What is the market size and growth rate of the market for selective Countries?

(C) Which region or sub-segment is expected to drive the market in the forecast period?

(D) What factors are estimated to drive and restrain the market growth?

(E) What are the key technology and market trends shaping the market?

(F) what are the key opportunity in the market?

(G) Who are the leading manufacturers operating in the global Personal Air Vehicles (PAVs) market?

(H) Which key player accounted for the highest market share?

(I) What are the growth opportunities for the new entrants in the global Personal Air Vehicles (PAVs) market?

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Table Of Content

1 Market Overview
1.1 Personal Air Vehicles (PAVs) Product Introduction
1.2 Global Personal Air Vehicles (PAVs) Market Size Forecast (2020-2031)
1.3 Personal Air Vehicles (PAVs) Market Trends & Drivers
1.3.1 Personal Air Vehicles (PAVs) Industry Trends
1.3.2 Personal Air Vehicles (PAVs) Market Drivers & Opportunity
1.3.3 Personal Air Vehicles (PAVs) Market Challenges
1.3.4 Personal Air Vehicles (PAVs) Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered

2 Competitive Analysis by Company
2.1 Global Personal Air Vehicles (PAVs) Players Revenue Ranking (2024)
2.2 Global Personal Air Vehicles (PAVs) Revenue by Company (2020-2025)
2.3 Key Companies Personal Air Vehicles (PAVs) Manufacturing Base Distribution and Headquarters
2.4 Key Companies Personal Air Vehicles (PAVs) Product Offered
2.5 Key Companies Time to Begin Mass Production of Personal Air Vehicles (PAVs)
2.6 Personal Air Vehicles (PAVs) Market Competitive Analysis
2.6.1 Personal Air Vehicles (PAVs) Market Concentration Rate (2020-2025)
2.6.2 Global 5 and 10 Largest Companies by Personal Air Vehicles (PAVs) Revenue in 2024
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Personal Air Vehicles (PAVs) as of 2024)
2.7 Mergers & Acquisitions, Expansion

3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Five Seats
3.1.2 Four Seats
3.1.3 Double Seats
3.1.4 Single Seat
3.2 Global Personal Air Vehicles (PAVs) Sales Value by Type
3.2.1 Global Personal Air Vehicles (PAVs) Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Personal Air Vehicles (PAVs) Sales Value, by Type (2020-2031)
3.2.3 Global Personal Air Vehicles (PAVs) Sales Value, by Type (%) (2020-2031)

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Individual
4.1.2 Commercial
4.2 Global Personal Air Vehicles (PAVs) Sales Value by Application
4.2.1 Global Personal Air Vehicles (PAVs) Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Personal Air Vehicles (PAVs) Sales Value, by Application (2020-2031)
4.2.3 Global Personal Air Vehicles (PAVs) Sales Value, by Application (%) (2020-2031)

5 Segmentation by Region
5.1 Global Personal Air Vehicles (PAVs) Sales Value by Region
5.1.1 Global Personal Air Vehicles (PAVs) Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Personal Air Vehicles (PAVs) Sales Value by Region (2020-2025)
5.1.3 Global Personal Air Vehicles (PAVs) Sales Value by Region (2026-2031)
5.1.4 Global Personal Air Vehicles (PAVs) Sales Value by Region (%), (2020-2031)
5.2 North America
5.2.1 North America Personal Air Vehicles (PAVs) Sales Value, 2020-2031
5.2.2 North America Personal Air Vehicles (PAVs) Sales Value by Country (%), 2024 VS 2031
5.3 Europe
5.3.1 Europe Personal Air Vehicles (PAVs) Sales Value, 2020-2031
5.3.2 Europe Personal Air Vehicles (PAVs) Sales Value by Country (%), 2024 VS 2031
5.4 Asia Pacific
5.4.1 Asia Pacific Personal Air Vehicles (PAVs) Sales Value, 2020-2031
5.4.2 Asia Pacific Personal Air Vehicles (PAVs) Sales Value by Region (%), 2024 VS 2031
5.5 South America
5.5.1 South America Personal Air Vehicles (PAVs) Sales Value, 2020-2031
5.5.2 South America Personal Air Vehicles (PAVs) Sales Value by Country (%), 2024 VS 2031
5.6 Middle East & Africa
5.6.1 Middle East & Africa Personal Air Vehicles (PAVs) Sales Value, 2020-2031
5.6.2 Middle East & Africa Personal Air Vehicles (PAVs) Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Personal Air Vehicles (PAVs) Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Personal Air Vehicles (PAVs) Sales Value, 2020-2031
6.3 United States
6.3.1 United States Personal Air Vehicles (PAVs) Sales Value, 2020-2031
6.3.2 United States Personal Air Vehicles (PAVs) Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Personal Air Vehicles (PAVs) Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Personal Air Vehicles (PAVs) Sales Value, 2020-2031
6.4.2 Europe Personal Air Vehicles (PAVs) Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Personal Air Vehicles (PAVs) Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Personal Air Vehicles (PAVs) Sales Value, 2020-2031
6.5.2 China Personal Air Vehicles (PAVs) Sales Value by Type (%), 2024 VS 2031
6.5.3 China Personal Air Vehicles (PAVs) Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Personal Air Vehicles (PAVs) Sales Value, 2020-2031
6.6.2 Japan Personal Air Vehicles (PAVs) Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Personal Air Vehicles (PAVs) Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Personal Air Vehicles (PAVs) Sales Value, 2020-2031
6.7.2 South Korea Personal Air Vehicles (PAVs) Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Personal Air Vehicles (PAVs) Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Personal Air Vehicles (PAVs) Sales Value, 2020-2031
6.8.2 Southeast Asia Personal Air Vehicles (PAVs) Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Personal Air Vehicles (PAVs) Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Personal Air Vehicles (PAVs) Sales Value, 2020-2031
6.9.2 India Personal Air Vehicles (PAVs) Sales Value by Type (%), 2024 VS 2031
6.9.3 India Personal Air Vehicles (PAVs) Sales Value by Application, 2024 VS 2031

7 Company Profiles
7.1 Lilium GmbH
7.1.1 Lilium GmbH Profile
7.1.2 Lilium GmbH Main Business
7.1.3 Lilium GmbH Personal Air Vehicles (PAVs) Products, Services and Solutions
7.1.4 Lilium GmbH Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.1.5 Lilium GmbH Recent Developments
7.2 Vertical Aerospace
7.2.1 Vertical Aerospace Profile
7.2.2 Vertical Aerospace Main Business
7.2.3 Vertical Aerospace Personal Air Vehicles (PAVs) Products, Services and Solutions
7.2.4 Vertical Aerospace Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.2.5 Vertical Aerospace Recent Developments
7.3 Pipistrel
7.3.1 Pipistrel Profile
7.3.2 Pipistrel Main Business
7.3.3 Pipistrel Personal Air Vehicles (PAVs) Products, Services and Solutions
7.3.4 Pipistrel Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.3.5 Pipistrel Recent Developments
7.4 Opener
7.4.1 Opener Profile
7.4.2 Opener Main Business
7.4.3 Opener Personal Air Vehicles (PAVs) Products, Services and Solutions
7.4.4 Opener Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.4.5 Opener Recent Developments
7.5 Kitty Hawk
7.5.1 Kitty Hawk Profile
7.5.2 Kitty Hawk Main Business
7.5.3 Kitty Hawk Personal Air Vehicles (PAVs) Products, Services and Solutions
7.5.4 Kitty Hawk Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.5.5 Kitty Hawk Recent Developments
7.6 Volocopter
7.6.1 Volocopter Profile
7.6.2 Volocopter Main Business
7.6.3 Volocopter Personal Air Vehicles (PAVs) Products, Services and Solutions
7.6.4 Volocopter Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.6.5 Volocopter Recent Developments
7.7 AeroMobil
7.7.1 AeroMobil Profile
7.7.2 AeroMobil Main Business
7.7.3 AeroMobil Personal Air Vehicles (PAVs) Products, Services and Solutions
7.7.4 AeroMobil Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.7.5 AeroMobil Recent Developments
7.8 Joby Aviation
7.8.1 Joby Aviation Profile
7.8.2 Joby Aviation Main Business
7.8.3 Joby Aviation Personal Air Vehicles (PAVs) Products, Services and Solutions
7.8.4 Joby Aviation Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.8.5 Joby Aviation Recent Developments
7.9 Urban Aeronautics (Metro Skyways)
7.9.1 Urban Aeronautics (Metro Skyways) Profile
7.9.2 Urban Aeronautics (Metro Skyways) Main Business
7.9.3 Urban Aeronautics (Metro Skyways) Personal Air Vehicles (PAVs) Products, Services and Solutions
7.9.4 Urban Aeronautics (Metro Skyways) Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.9.5 Urban Aeronautics (Metro Skyways) Recent Developments
7.10 Samson Sky
7.10.1 Samson Sky Profile
7.10.2 Samson Sky Main Business
7.10.3 Samson Sky Personal Air Vehicles (PAVs) Products, Services and Solutions
7.10.4 Samson Sky Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.10.5 Samson Sky Recent Developments
7.11 PAL-V
7.11.1 PAL-V Profile
7.11.2 PAL-V Main Business
7.11.3 PAL-V Personal Air Vehicles (PAVs) Products, Services and Solutions
7.11.4 PAL-V Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.11.5 PAL-V Recent Developments
7.12 Hanwha & Overair
7.12.1 Hanwha & Overair Profile
7.12.2 Hanwha & Overair Main Business
7.12.3 Hanwha & Overair Personal Air Vehicles (PAVs) Products, Services and Solutions
7.12.4 Hanwha & Overair Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.12.5 Hanwha & Overair Recent Developments
7.13 Klein Vision
7.13.1 Klein Vision Profile
7.13.2 Klein Vision Main Business
7.13.3 Klein Vision Personal Air Vehicles (PAVs) Products, Services and Solutions
7.13.4 Klein Vision Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.13.5 Klein Vision Recent Developments
7.14 Distar Air
7.14.1 Distar Air Profile
7.14.2 Distar Air Main Business
7.14.3 Distar Air Personal Air Vehicles (PAVs) Products, Services and Solutions
7.14.4 Distar Air Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.14.5 Distar Air Recent Developments
7.15 Boeing
7.15.1 Boeing Profile
7.15.2 Boeing Main Business
7.15.3 Boeing Personal Air Vehicles (PAVs) Products, Services and Solutions
7.15.4 Boeing Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.15.5 Boeing Recent Developments
7.16 Archer Aviation
7.16.1 Archer Aviation Profile
7.16.2 Archer Aviation Main Business
7.16.3 Archer Aviation Personal Air Vehicles (PAVs) Products, Services and Solutions
7.16.4 Archer Aviation Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.16.5 Archer Aviation Recent Developments
7.17 Eve (Embraer)
7.17.1 Eve (Embraer) Profile
7.17.2 Eve (Embraer) Main Business
7.17.3 Eve (Embraer) Personal Air Vehicles (PAVs) Products, Services and Solutions
7.17.4 Eve (Embraer) Personal Air Vehicles (PAVs) Revenue (US$ Million) & (2020-2025)
7.17.5 Eve (Embraer) Recent Developments

8 Industry Chain Analysis
8.1 Personal Air Vehicles (PAVs) Industrial Chain
8.2 Personal Air Vehicles (PAVs) Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Personal Air Vehicles (PAVs) Sales Model
8.5.2 Sales Channel
8.5.3 Personal Air Vehicles (PAVs) Distributors

9 Research Findings and Conclusion

10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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