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eVTOL Aircraft Market is set for lucrative growth during 2022-2031

An electric vertical take-off and landing (eVTOL) aircraft is a type of plane that can take off and land vertically. These aircraft are powered by electric motors and have multiple rotors or propellers that allow them to take off and land vertically, like a helicopter. eVTOL aircraft are still in development and are not yet commercially available. However, there are a number of companies working on developing these aircraft, and it is expected that they will be available for commercial use in the next few years.

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Key Trends

The key trends in eVTOL aircraft technology are electric propulsion, vertical takeoff and landing, and autonomous operation. These technologies are enabling a new generation of aircraft that are quieter, cleaner, and more efficient than traditional helicopters.

Electric propulsion is a key enabling technology for eVTOL aircraft. Electric motors are more efficient than traditional combustion engines, and they produce zero emissions. Electric propulsion also enables vertical takeoff and landing, which is a key advantage of eVTOL aircraft over traditional helicopters.

Autonomous operation is another key trend in eVTOL aircraft technology. Autonomous aircraft can be piloted without a human pilot on board, and they can be operated without a traditional flight deck. This enables eVTOL aircraft to be smaller and lighter than traditional helicopters, and it also reduces operating costs.

Key Drivers

The key drivers of eVTOL aircraft market are the increasing demand for on-demand air transportation, the need for faster and more efficient transportation, and the increasing awareness of environmental concerns.

The demand for on-demand air transportation is being driven by the increasing number of people who are able to afford it, the increasing number of people who live in cities, and the increasing number of people who are time-poor.

The need for faster and more efficient transportation is being driven by the increasing number of people who live in cities and the increasing number of people who are time-poor.

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Market Segments:

By Type
  • Air Taxis
  • Delivery Drones 
  • Others
By Battery Type
  • Lithium-Ion Batteries
  • Solid-State Batteries
  • Hydrogen Fuel Cells
By Lift Technology
  • Multirotor
  • Vectored Thrust
  • Lift Plus Cruise
  • Others
By Type of Propulsion
  • Fully Electric
  • Hybrid
  • Electric Hydrogen

By Region

  • North America
    • The U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia-Pacific
  • Rest of the World
    • Latin America
    • Middle East

Key Market Players:

The eVTOL Aircraft Market includes players such as EHANG, Volocopter GmbH, Uber Technologies Inc, Aurora Flight Sciences, A³ by Airbus, Bell Textron Inc, Workhorse, Lilium GmbH, TERRAFUGIA and OXIS Energy Ltd.

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