Global Electric VTOL (eVTOL) Aircraft Market to Reach $700.5
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This news is classified in: Aerospace Urban Air Mobility

Nov 24, 2022

Global Electric VTOL (eVTOL) Aircraft Market to Reach $700.5 M by 2032

The electric VTOL (eVTOL) aircraft market has gained significant importance over the past several years. An increase in the requirement for urban air mobility across the globe from various use cases such as air ambulances, air taxis, cargo, and personal air vehicles has generated the demand for eVTOL aircraft during the forecast period 2023-2032. The market is focusing on developing efficient, long-endurance, and autonomous eVTOL aircraft that can be used for multiple applications.

USP of the Report

  • A dedicated section focusing on various platform segments adopted by the key players operating in the global electric VTOL (eVTOL) aircraft market
  • A dedicated section on growth opportunities and recommendations
  • A qualitative and quantitative analysis of electric VTOL (eVTOL) aircraft at the regional and country level, and also the analysis of design, range, energy source, component, and various use case segments

Analyst Perspective
According to Arunkumar Sampathkumar, "The urban air mobility domain is evolving at a rapid rate despite the regulatory frameworks lagging behind. While the criteria for operations and associated airspace management procedures are still in the making, end users such as law enforcement agencies and med-evac service providers are already gearing up to deploy their respective eVTOL capabilities. The chartered flight services segment is also focused on establishing niche regional transport services using eVTOL platforms. The manufacturing segment has multiple participants developing and serial producing a wide range of eVTOL platforms for diverse applications and use cases. While urban air mobility got the market started, the regional air transportation segment is likely to deploy these new platforms before UAM infrastructure is built. This is a unique market where the manufacturing and service segments have started investing even before the necessary regulatory frameworks come into play. The eagerness to disrupt and enable new modes of air mobility distinguishes the eVTOL market from the rest of the air transportation market.”

Electric VTOL (eVTOL) Aircraft Market - Analysis and Forecast, 2023-2032

Electric VTOL (eVTOL) Aircraft Market - Analysis and Forecast, 2023-2032

A Global and Regional Analysis: Focus on Design, Range, Use Case, Mode of Operation, Energy Source, Component, and Country

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Key Companies Operating in The Market
Key players in the global electric VTOL (eVTOL) aircraft market analyzed and profiled in the study involve electric VTOL (eVTOL) aircraft manufacturers that offer lift and cruise, ducted vector, multicopter, and tiltrotor model aircraft. Moreover, a detailed competitive benchmarking of the players operating in the global electric VTOL (eVTOL) aircraft market offering aircraft with various types of energy sources to obtain maximum range has been done to help the reader understand how players use various energy sources to present a clear market landscape. Additionally, comprehensive competitive strategies such as contracts, partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.

The key players profiled in the report include Airbus SE, Archer Aviation Inc., Aura Aerospace LLC, Aurora Flight Sciences, Bell Textron Inc., Beta Technologies, Eve Holding, Inc., Elroy Air, EHang, Jaunt Air Mobility LLC, Joby Aviation, Lilium GmbH, Piasecki Aircraft Corporation, Urban Aeronautics, Terrafugia, Vertical Aerospace Group Ltd., Wisk Aero LLC, and XTI Aircraft Company.

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