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Report
Global eVTOL Aircraft Market Report and Forecast 2024-2032
Market Report I 2024-05-01 I 164 Pages I EMR Inc.
Global eVTOL Aircraft Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global eVTOL aircraft market is projected to grow at a CAGR of 44.7% between 2024 and 2032. The market is driven by the growing need for sustainable urban air mobility solutions and advances in electric propulsion technologies.
Electric vertical takeoff and landing (eVTOL) aircraft represent a revolutionary shift in air travel by offering compact, environmentally friendly, and highly efficient solutions for short-distance commutes. Leveraging electric propulsion, these aircraft can reduce urban congestion, deliver quick logistics support, and enhance emergency response, ushering in a new era of urban air mobility (UAM).
With cities becoming more congested, urban air mobility (UAM) offers the promise of reducing traffic burdens and delivering faster commutes for short-distance travel. eVTOL aircraft are ideal for connecting city centres with suburban regions, bypassing traditional road networks, consequently driving up the eVTOL aircraft market share.
The primary application of eVTOL aircraft is for short-distance passenger travel. Their compact design makes them suitable for urban commuting, offering seamless connectivity between airports, business districts, and residential areas. eVTOL aircraft provide rapid and flexible cargo delivery solutions, particularly in dense urban areas where ground transportation is less efficient. They also support last-mile delivery systems.
Governments and organisations are increasingly focused on reducing carbon footprints, and eVTOL aircraft align with these sustainability goals due to their reliance on clean electric propulsion. Moreover, advances in battery technology, autonomous flight systems, and lightweight composite materials enable safer, longer, and more reliable flights.
Additionally, eVTOL aircraft are also increasingly seen as effective tools for rapid parcel delivery, medical supply transportation, and disaster response, consequently leading to eVTOL aircraft market growth. eVTOL aircraft can also be used to quickly transport patients, medical supplies, and emergency responders to hard-to-reach areas. It also offers scenic and unique flight experiences; therefore it can be used for aerial tours and leisure activities.
As per the eVTOL aircraft market analysis, North America is leading the market due to early adoption, high research investment, and significant infrastructure development. The United States is a dominant player, backed by strong investments from companies like Joby Aviation and Archer Aviation.
Europe's progressive regulatory environment and sustainability-focused policies make it a significant market. The European Union Aviation Safety Agency (EASA) is leading regulatory efforts, and nations like Germany and the UK are pioneers. Europe is expected to experience substantial growth during the projected timeframe. This progress can be credited to the expansion of the commercial aviation sector and a heightened focus on sustainable aviation practices. Additionally, the government's increased investments in the region for the development of eVTOL aircrafts are contributing to the expansion of the market. The introduction of advanced and urban air mobility solutions is further driving the demand for eVTOL aircrafts in the market.
Piloted eVTOL aircrafts are expected to dominate a large portion of the market due to the benefits linked to having a pilot on board, such as building passenger confidence and providing reassurance. By having human oversight, regulatory requirements and safety issues can be managed more efficiently, which in turn aids in the growth of this segment and the expansion of the market. The smooth integration of piloted eVTOLs with air traffic management systems is also speeding up the acceptance of these products, leading to eVTOL aircraft market development.
Market Segmentation
The market can be divided based on the lift technology, mode of operation, propulsion type, range, application, and region
Market Breakup by Lift Technology
- Lift Plus Cruise
- Multirotor
- Vectored Thrust
Market Breakup by Mode of Operation
- Autonomous
- Piloted
Market Breakup by Propulsion Type
- Battery-Electric
- Hydrogen-Electric
- Hybrid-Electric
Market Breakup by Range
- 0 Km - 200 Km
- 200 Km - 500 Km
Market Breakup by Application
- Commercial
- Military
- Emergency Medical Service
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in global eVTOL aircraft market. Some of the major players explored in the report by Expert Market Research are as follows:
- Archer Aviation Inc.
- Airbus SE
- Elbit Systems Ltd.
- Lift Aircraft Inc.
- Piasecki Aircraft Corporation
- Moog Inc.
- Lilium GmbH
- Volocopter GmbH
- Wisk Aero LLC
- Vertical Aerospace Group Ltd.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global eVTOL Aircraft Market Analysis
8.1 Key Industry Highlights
8.2 Global eVTOL Aircraft Historical Market (2018-2023)
8.3 Global eVTOL Aircraft Market Forecast (2024-2032)
8.4 Global eVTOL Aircraft Market by Lift Technology
8.4.1 Lift Plus Cruise
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Multirotor
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Vectored Thrust
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global eVTOL Aircraft Market by Mode of Operation
8.5.1 Autonomous
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Piloted
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global eVTOL Aircraft Market by Propulsion Type
8.6.1 Battery-Electric
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Hydrogen-Electric
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Hybrid-Electric
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global eVTOL Aircraft Market by Range
8.7.1 0 Km - 200 Km
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 200 Km - 500 Km
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.8 Global eVTOL Aircraft Market by Application
8.8.1 Commercial
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Military
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Emergency Medical Service
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.9 Global eVTOL Aircraft Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America eVTOL Aircraft Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe eVTOL Aircraft Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific eVTOL Aircraft Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America eVTOL Aircraft Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa eVTOL Aircraft Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Archer Aviation Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Airbus SE
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Elbit Systems Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Lift Aircraft Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Piasecki Aircraft Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Moog Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Lilium GmbH
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Volocopter GmbH
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Wisk Aero LLC
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Vertical Aerospace Group Ltd.
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global eVTOL Aircraft Market: Key Industry Highlights, 2018 and 2032
2. Global eVTOL Aircraft Historical Market: Breakup by Lift Technology (USD Million), 2018-2023
3. Global eVTOL Aircraft Market Forecast: Breakup by Lift Technology (USD Million), 2024-2032
4. Global eVTOL Aircraft Historical Market: Breakup by Mode of Operation (USD Million), 2018-2023
5. Global eVTOL Aircraft Market Forecast: Breakup by Mode of Operation (USD Million), 2024-2032
6. Global eVTOL Aircraft Historical Market: Breakup by Vehicle Type (USD Million), 2018-2023
7. Global eVTOL Aircraft Market Forecast: Breakup by Vehicle Type (USD Million), 2024-2032
8. Global eVTOL Aircraft Historical Market: Breakup by Range (USD Million), 2018-2023
9. Global eVTOL Aircraft Market Forecast: Breakup by Range (USD Million), 2024-2032
10. Global eVTOL Aircraft Historical Market: Breakup by Propulsion Type (USD Million), 2018-2023
11. Global eVTOL Aircraft Market Forecast: Breakup by Propulsion Type (USD Million), 2024-2032
12. Global eVTOL Aircraft Historical Market: Breakup by Application (USD Million), 2018-2023
13. Global eVTOL Aircraft Market Forecast: Breakup by Application (USD Million), 2024-2032
14. Global eVTOL Aircraft Historical Market: Breakup by Region (USD Million), 2018-2023
15. Global eVTOL Aircraft Market Forecast: Breakup by Region (USD Million), 2024-2032
16. North America eVTOL Aircraft Historical Market: Breakup by Country (USD Million), 2018-2023
17. North America eVTOL Aircraft Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Europe eVTOL Aircraft Historical Market: Breakup by Country (USD Million), 2018-2023
19. Europe eVTOL Aircraft Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Asia Pacific eVTOL Aircraft Historical Market: Breakup by Country (USD Million), 2018-2023
21. Asia Pacific eVTOL Aircraft Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Latin America eVTOL Aircraft Historical Market: Breakup by Country (USD Million), 2018-2023
23. Latin America eVTOL Aircraft Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Middle East and Africa eVTOL Aircraft Historical Market: Breakup by Country (USD Million), 2018-2023
25. Middle East and Africa eVTOL Aircraft Market Forecast: Breakup by Country (USD Million), 2024-2032
26. Global eVTOL Aircraft Market Structure
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