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Global Electric VTOL Aircraft Market- By Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise), By Mode of operations (Piloted, Optionally Piloted), By Range (0 to 200 Kilometers, 200 to 500 Kilometers), By Application (Commercial, Military, Cargo), By MTOW (<250 Kilograms, 250–500 Kilograms, 500–1,500 Kilograms, >1,500 Kilograms),By Type of Propulsion (Electric/Battery, Electric/Hybrid, Electric/Hydrogen), and By Region (North America, Europe, Asia Pacific, South America, and Middle East, & Africa)- Global forecast from 2020-2027.
Global Electric VTOL Aircraft Market Overview:
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.
Global Electric VTOL Aircraft Market Insights
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.
Growth Driver
Emerging Urbanization
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.
Quick intercity and intracity transportation
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.
By Lift Technology Segmental Analysis
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.
By Mode of Operations
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.
By Range Segmental Analysis
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.
By Application Segmental Analysis
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.
By MTOW Segmental Analysis
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.
By Type of Propulsion Segmental Analysis
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.
By Region Segmental Analysis
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.
Competitor Analysis
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.
Key Stakeholders
- Market research and consulting firms
- Industry associations
- Global Electric VTOL aircraft manufacturing companies
- Research organizations and consulting companies’ Electric VTOL aircraft
- Regulatory bodies
The objective of the Research
- Market modeling starts with identifying a target market where historical data exists. A Market can include prediction problems, economic factors, analyzing customer behavior, and identifying new patterns from past events, which helps our client to have deep dive into the market.
- Product analysis involves steps such as examining product features, costs, availability, quality, and other aspects. Product analysis is conducted to understand potential buyers and measure competition in the market.
- Market Trend and Economic Factors Analysis helps in assessing potential changes to an economy’s inflation rate, taxes, interest rates, exchange rates, trading regulations, and excise duties that can or have a major effect on the target market.
- Market Segmental Analysis defines in-depth scenario of the target market by the process of grouping consumers into naturally existing created segments of consumers who share similar product preferences or characteristics
- The geographical mapping approach helps our clients to understand national or international markets because different consumers in different regions have different needs wants, and cultural characteristics that can be specifically targeted.
Market Modelling
By Lift Technology
- Vectored Thrust
- Multirotor
- Lift Plus Cruise
By Mode of operations
- Piloted
- Optionally Piloted
By Range
- 0 to 200 Kilometers
- 200 to 500 Kilometers
By Application
- Commercial
- Military
- Cargo
By MTOW
- <250 Kilograms
- 250–500 Kilograms
- 500–1,500 Kilograms
- >1,500 Kilograms
By Type of Propulsion
- Electric/Battery
- Electric/Hybrid
- Electric/Hydrogen
By Region
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
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Report Content
- Research Strategic Development
- Market Modelling
- Product Analysis
- Market Trend and Economic Factors Analysis
- Market Segmental Analysis
- Geographical Mapping
- Country Wise Segregation
- Research Methodology
- Identification of Target Market
- Data Acquisition
- Refining of Data/ Data Transformations
- Data Validation through Primary Techniques
- Exploratory Data Analysis
- Graphical Techniques/Analysis
- Quantitative Techniques/Analysis
- Visual Result/Presentation
- Executive Summary
- Market Insights
- Economic Factor Analysis
- Drivers
- Trends
- Opportunities
- Challenges
- Competitors & Product Analysis
- Regulatory Framework
- Company market share analysis, 2019
- Porter’s Five forces analysis
- New Investment Analysis
- PESTEL Analysis
- Economic Factor Analysis
- Global Electric VTOL Aircraft Market Overview
- Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Market Share & Forecast, 2016-2027
- By Lift Technology
- Vectored Thrust
- Multirotor
- Lift Plus Cruise
- By Mode of operations
- Piloted
- Optionally Piloted
- By Range
- 0 to 200 Kilometers
- 200 to 500 Kilometers
- By Application
- Commercial
- Military
- Cargo
- By MTOW
- <250 Kilograms
- 250–500 Kilograms
- 500–1,500 Kilograms
- >1,500 Kilograms
- By Type of Propulsion
- Electric/Battery
- Electric/Hybrid
- Electric/Hydrogen
- By Region
- Europe
- North America
- Asia Pacific
- South America
- Middle East & Africa
- By Lift Technology
- Demand
- Market Size & Forecast, 2016-2027
- Europe Electric VTOL Aircraft Market Overview
- Europe Electric VTOL Aircraft Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Europe Electric VTOL Aircraft Market Share & Forecast, 2016-2027
- By Lift Technology
- Vectored Thrust
- Multirotor
- Lift Plus Cruise
- By Mode of operations
- Piloted
- Optionally Piloted
- By Range
- 0 to 200 Kilometers
- 200 to 500 Kilometers
- By Application
- Commercial
- Military
- Cargo
- By MTOW
- <250 Kilograms
- 250–500 Kilograms
- 500–1,500 Kilograms
- >1,500 Kilograms
- By Type of Propulsion
- Electric/Battery
- Electric/Hybrid
- Electric/Hydrogen
- By Country
- Germany
- UK
- France
- Italy
- Rest of Europe
- Company Market Share (Top 3-5)
- Economic Impact Study on Europe Electric VTOL Aircraft Market
- By Lift Technology
- Demand
- Europe Electric VTOL Aircraft Market Size & Forecast, 2016-2027
- North Electric VTOL Aircraft Market Overview
- North America Electric VTOL Aircraft Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- North America Electric VTOL Aircraft Market Share & Forecast, 2016-2027
- By Lift Technology
- Vectored Thrust
- Multirotor
- Lift Plus Cruise
- By Mode of operations
- Piloted
- Optionally Piloted
- By Range
- 0 to 200 Kilometers
- 200 to 500 Kilometers
- By Application
- Commercial
- Military
- Cargo
- By MTOW
- <250 Kilograms
- 250–500 Kilograms
- 500–1,500 Kilograms
- >1,500 Kilograms
- By Type of Propulsion
- Electric/Battery
- Electric/Hybrid
- Electric/Hydrogen
- By Country
- US
- Canada
- Mexico
- Company Market Share (Top 3-5)
- Economic Impact Study on North America Electric VTOL Aircraft Market
- By Lift Technology
- Demand
- North America Electric VTOL Aircraft Market Size & Forecast, 2016-2027
- Asia Pacific Electric VTOL Aircraft Market Overview
- Asia Pacific Electric VTOL Aircraft Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Asia Pacific Electric VTOL Aircraft Market Share & Forecast, 2016-2027
- By Lift Technology
- Vectored Thrust
- Multirotor
- Lift Plus Cruise
- By Mode of operations
- Piloted
- Optionally Piloted
- By Range
- 0 to 200 Kilometers
- 200 to 500 Kilometers
- By Application
- Commercial
- Military
- Cargo
- By MTOW
- <250 Kilograms
- 250–500 Kilograms
- 500–1,500 Kilograms
- >1,500 Kilograms
- By Type of Propulsion
- Electric/Battery
- Electric/Hybrid
- Electric/Hydrogen
- By Country
- China
- India
- Japan
- Australia
- Rest of Asia Pacific
- Company Market Share (Top 3-5)
- Economic Impact Study on Asia Pacific Electric VTOL Aircraft Market
- By Lift Technology
- Demand
- Asia Pacific Electric VTOL Aircraft Market Size & Forecast, 2016-2027
- South America Electric VTOL Aircraft Market Overview
- South America Electric VTOL Aircraft Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- South America Electric VTOL Aircraft Market Share & Forecast, 2016-2027
- By Lift Technology
- Vectored Thrust
- Multirotor
- Lift Plus Cruise
- By Mode of operations
- Piloted
- Optionally Piloted
- By Range
- 0 to 200 Kilometers
- 200 to 500 Kilometers
- By Application
- Commercial
- Military
- Cargo
- By MTOW
- <250 Kilograms
- 250–500 Kilograms
- 500–1,500 Kilograms
- >1,500 Kilograms
- By Type of Propulsion
- Electric/Battery
- Electric/Hybrid
- Electric/Hydrogen
- By Country
- Brazil
- Argentina
- Rest of South America
- Company Market Share (Top 3-5)
- Economic Impact Study on South America Electric VTOL Aircraft Market
- By Lift Technology
- Demand
- South America Electric VTOL Aircraft Market Size & Forecast, 2016-2027
- Middle East & Africa Electric VTOL Aircraft Market Overview
- Middle East & Africa Electric VTOL Aircraft Market Size & Forecast, 2016-2027
- Demand
- By Value (USD Million)
- Middle East & Africa Electric VTOL Aircraft Market Share & Forecast, 2016-2027
- By Lift Technology
- Vectored Thrust
- Multirotor
- Lift Plus Cruise
- By Mode of operations
- Piloted
- Optionally Piloted
- By Range
- 0 to 200 Kilometers
- 200 to 500 Kilometers
- By Application
- Commercial
- Military
- Cargo
- By MTOW
- <250 Kilograms
- 250–500 Kilograms
- 500–1,500 Kilograms
- >1,500 Kilograms
- By Type of Propulsion
- Electric/Battery
- Electric/Hybrid
- Electric/Hydrogen
- By Country
- Saudi Arabia
- UAE
- South Africa
- Rest of Middle East & Africa
- Company Market Share (Top 3-5)
- Economic Impact Study on Middle East & Africa Electric VTOL Aircraft Market
- By Lift Technology
- Demand
- Middle East & Africa Electric VTOL Aircraft Market Size & Forecast, 2016-2027
- Competitor Analysis
- Company Description
- Financial Analysis
- Key Products
- Key Management Personnel
- Contact Address
- SWOT Analysis
- Company Profile
- 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
- Other players
