Vertical takeoff and landing refer to technology in which an aircraft can take off and land without having to roll. The birth of vertical takeoff and landing technology is mainly due to the lack of aircraft takeoff methods, especially in the performance of previous wars, allowing the vertical takeoff and landing of the aircraft into people’s sight. The vertical takeoff and landing aircraft are reduced or basically freed from the dependence on the runway, and only a small level of ground can be lifted and landed vertically so that the helicopter can distribute in warfare. Thus, it is convenient for the flexible attack, transfer, and camouflage concealment.
The global Electric VTOL aircraft market has the potential to grow with USD 4000 million with historical CAGR in the forecast period from 2020-2027. The emerging urban air transportation development growth, electric VTOL aircraft technology has received widespread attention and rapid development.
Electric vertical takeoff and landing aircraft can achieve low-cost, low-noise short-distance transportation. With the wave of the city urban air transportation (UAM) market, related technologies have ushered in unprecedented development and attracted huge global investment. The associated technologies in the field of military operations, replacing traditional helicopters, tilt rotors, and other aircraft in short-haul missions, significantly reducing mission costs and building agile mission capabilities.
Moreover, a new round of aviation technology revolution represented by electric aircraft technology is restructuring the aviation industry’s competitive landscape. E-VTOL aircraft technology has gained considerable attention from significant aviation powers in the world for its energy-saving, emission reduction, and noise reduction benefits.
Furthermore, EVTOL design has broad application prospects in personal and public transportation, logistics, and military fields. With the mature application of 5G technology, drone delivery and uncrewed vehicles have appeared one after another. In the future, uncrewed vertical takeoff and landing aircraft will frequently travel over the city will be within reach.
As the urbanization process intensified, the increase in population density caused enormous pressure on the conventional transportation system. EVTOL provides new possibilities for efficient and low-emission personal air traffic.
With the advancement in technology, the e-VTOL market will show market growth in the forecast period. It is mainly owing to the rapid transportation that will be there in the future that can easily transport basic service immediately either in intercity or intracity. Also, e-VTOL aircraft will help in reducing traffic jams and pollution.
Based on the lift technology, the global Electric VTOL aircraft market segmented into Vectored Thrust, Multirotor, Lift Plus Cruise. The multi-rotor segment accounts for the largest share in the global electric VTOL aircraft market. Due to its large paddle, it becomes the aircraft with the highest power conversion efficiency under current hovering conditions. The motor rotor helicopter in the aviation field can solve the problem of vertical takeoff and land on a narrow field. The rotation plane of the rotor of the electric multi-rotor power system is parallel to the central axis of the fuselage. It can freely switch between two flight modes.
Based on the mode of operations, the global Electric VTOL aircraft bifurcated into Piloted, Optionally Piloted. The optionally piloted will dominate the largest share in the global e-VTOL aircrafts market. It is mainly owing to reduce human intervention and also requires low-cost for maintaining the aircraft. Also, optionally piloted mode of operation is beneficial under adverse conditions and reliable for more significant endurance times.
Based on the range, the global Electric VTOL aircraft market categorized into 200 Kilometers, 200 to 500 Kilometers. The 200 to 500 kilometers range segment accounts for the maximum share in the global e-VTOL aircrafts market. It is mainly owing to the range advantage associated with electric VTOL aircraft that helps in reducing the noise level and low operating cost and provides a high degree of safety.
Based on the application, the global Electric VTOL aircraft market classified into Commercial, Military, Cargo. The commercial segment has dominated the largest share in the global e-VTOL aircrafts market. It mainly owes to create a smooth electric vertical takeoff and landing (VTOL) aircraft for the rich to commute in traffic-jammed cities. Also, the electric flying car that will be able to fly short distances between ports and deliver the essential products in a short duration of time.
Based on MTOW, the global Electric VTOL aircraft market classified into <250 Kilograms, 250–500 Kilograms, 500–1,500 Kilograms, >1,500 Kilograms. The >1500 kilograms of the maximum takeoff weight segment are capturing the largest market share in the global e-VTOL market. It is mainly due to the maximum weight of products and people e-VTOL aircraft can carry with its maximum range.
Based on the type of propulsion, the global Electric VTOL aircraft market segmented into Electric/Battery, Electric/Hybrid, Electric/Hydrogen. The electric/battery segment dominates the largest share in the global electric VTOL aircrafts market. The electric/battery e-VTOL aircraft are in the testing phase, and soon these aircraft will come in the market. Therefore, in the future, many companies will enable us to do a partnership with taxi services. Thus, it will help in generating lots of profit and propel the market demand for the global e-VTOL market.
Based on geography, the global Electric VTOL aircraft market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. Asia Pacific region is dominating the market share of the global electric VTOL aircrafts market. It is mainly due to the rising investment in the manufacturing of drones and leading e-VTOL manufacture that will help to bolster the growth of air mobility for commercial use.
Companies such as Airbus, Airspace Experience Technologies, Aurora Flight Sciences, Bell Helicopter, The Boeing Company, EHANG, Embraer, Karem Aircraft, Kitty Hawk, Lilium, Neva Aerospace, Opener, Pipistrel, Volocopter, Workhorse Group, and others are key players in the global Electric VTOL aircraft market.
By Lift Technology
By Mode of operations
By Type of Propulsion