eVTOL Aircraft Market, The term electric vertical takeoff and landing (eVTOL) refers to aircraft. This system deals with electric autonomous aeroplanes that provide improved services in the name of safety and comfort. Additionally, they aid in reducing noise production, which lowers noise pollution. In order to improve consumer experience by offering flexibility and convenience, the market is stepping up its operational efficiency. It also facilitates quick travel. These are electric aeroplanes that operate quickly and efficiently. There are significant suppliers of infeasible solutions for communication and a more dependable customer experience with e-VTOL aircraft. Growth in market prediction is anticipated as a result of the broad global expansion and key players’ significant contributions to the research and development sector.
The Global e-VTOL Aircraft Market is projected to grow from USD 8.6 billion in 2022 to USD 30.8 billion by 2027 at a CAGR value of 15.5% from 2022 to 2027.
The need for green energy and noise-free aircraft, as well as the rising use of eVTOL aircraft for freight applications and rising demand for an other means of transportation, are the primary factors driving the growth of this market. Several industry sectors have been impacted by the COVID-19’s unexpected outbreak, with aviation suffering the most. The eVTOL aircraft market, however, does not appear to have been as significantly affected by the epidemic as the aviation sector as a whole. Military forces frequently employed electric UAVs for a variety of tasks, including border security, but governments and law enforcement organisations only sometimes deployed them.
Global eVTOL Aircraft Market: Major Players
Aurora Flight Sciences
Uber Technologies Inc.
Global eVTOL Aircraft Market: By Types
Lift + Cruise
Global eVTOL Aircraft Market: By Applications
The study aims to provide actionable insights and an outlook on global / regional market growth estimates based on historical growth analyses and the present eVTOL Aircraft market environment. The verified information in the study is based on findings from in-depth primary and secondary research. Data insights are a great tool for facilitating a deeper understanding of many facets of the global eVTOL Aircraft market. Regional analysis of the global market for eVTOL aircraft reveals a wealth of unrealized potential in regional and domestic markets. Users can assess business shares analysis, new product lines, the potential for NPD in new markets, pricing tactics, innovation opportunities, and much more with the help of detailed company profiling.
Key Benefits for Industry Participants & Stakeholders
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the eVTOL Aircraft Market
Secondary research was used to identify the major market participants, and primary and secondary research was used to ascertain their market shares in various applications across regions and internationally. This entire procedure involved studying the annual and financial reports of the leading market players and conducting in-depth interviews with top business executives, including CEOs, VPs, directors, and marketing executives, to gain important industry insights. All divides, breakdowns, and percentage calculations were made using secondary sources and confirmed using primary sources. To arrive at the final quantitative and qualitative data, all factors that might have an impact on the market under investigation have been taken into account, inspected in great depth, confirmed by primary research, and analysed.