Global eVTOL aircraft market is
expected to grow at the CAGR of over 20% during the forecast period on account
of surge in the demand for improving the operational efficiency and need for
quick inter and intra city transportation. Rise in the traffic jams via
roadways in cities due to congestion is intensifying the problem of increasing
traffic congestion in urban areas. Electric vertical take-off and landing
(eVTOL) aircraft can take off and land vertically. However, the certification
process in which the VTOLs have to comply with the regulation given by the
aviation authorities such as FAA and EASA is acting as a challenge for the
growth of the market.
Global eVTOL aircraft market can
be segmented based on application, propulsion and range. In terms of propulsion,
the market can be segmented into electric battery, electric hybrid and electric
hydrogen. Electric battery is expected to acquire the dominant share during the
forecast period on account of growing demand for fully-electric aircraft. On
the basis of range, the market can be segmented into upto 200 km and 201-500 km.
eVTOLs with lower range upto 200km will be used for intercity commute for
passengers opting for urban air mobility services. However, 201-500km range
aircraft will be used for intercity commute mostly.
Regionally, the market for eVTOL
Aircraft is gaining traction and expanding to various regions including
Asia-Pacific, North America, Europe, South America and Middle East & Africa.
Among these regions, Asia-Pacific is expected to grow at the fastest rate due
to growing investments by leading eVTOL and drone manufacturers to develop
urban air mobility in the region. Moreover, increasing demand for automation
and globalization in countries such as China, India, Japan, is positively
influencing the growth of the market.
The major players operating in the
eVTOL Aircraft market include Bell Helicopter Textron Inc., Neva Aerospace Ltd.,
Aurora Flight Sciences Corp., The Boeing Company, Lockheed Martin Corp., A³ By
Airbus, Lilium GmbH, Embraer S.A., Beijing Yi-Hang Creation Science &
Technology Co., Ltd., Volocopter GmbH, etc. Major companies are developing
advanced technologies and launching new products in order to stay competitive
in the market. Other competitive strategies include mergers & acquisitions
and new product developments.
Years considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the
Study:
- To analyze and forecast the market size of global
eVTOL aircraft market.
- To classify and forecast global eVTOL aircraft
market based on application, propulsion, range and regional distribution.
- To identify drivers and challenges for global
eVTOL aircraft market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in global
eVTOL aircraft market.
- To conduct pricing analysis for global eVTOL
aircraft market.
- To identify and analyze the profile of leading
players operating in global eVTOL aircraft market.
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Some of the leading players in global eVTOL aircraft market are Bell
Helicopter Textron Inc., Neva Aerospace Ltd., Aurora Flight Sciences Corp., The
Boeing Company, Lockheed Martin Corp., A³ By Airbus, Lilium GmbH, Embraer S.A.,
Beijing Yi-Hang Creation Science & Technology Co., Ltd., Volocopter GmbH,
etc.
TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the globe. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the globe.
TechSci Research calculated the market size of global eVTOL aircraft market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Manufacturers of eVTOL aircraft
- Research organizations and
consulting companies
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to eVTOL aircraft
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers and partners, end users, etc.,
besides allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, global eVTOL aircraft
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Market, By Application:
- Commercial
- Military
- Cargo
- Market, By Propulsion:
- Electric Battery
- Electric Hybrid
- Electric Hydrogen
- Market, By Range:
- Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- Germany
- France
- Switzerland
- Belgium
- Poland
- Asia-Pacific
- China
- India
- Japan
- New Zealand
- South Korea
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- South America
- Brazil
- Argentina
- Colombia
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in global eVTOL aircraft market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players
(up to five).
In case you don’t find what you are
looking for, please get in touch with our custom research team at sales@techsciresearch.com
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at sales@techsciresearch.com