The Asia Pacific eVTOL aircraft market is expected to grow from US$ 103.96 million in 2024 to US$ 324.91 million by 2028; it is estimated to grow at a CAGR of 33.0% from 2024 to 2028.
The aviation industry is one of the fastest-growing sources of the greenhouse gas emissions, driving global climate change. On January 11, 2021, the Environmental Protection Agency (EPA) issued a greenhouse gas (GHG) emissions standard for aircraft operating APAC to control their carbon emissions. In addition, in November 2021, EPA filed a litigation that formulated the commercial aircraft greenhouse gas (GHG) emission standards, which EPA promoted in early 2021. The development of electric propulsion-based eVTOL aircraft helps mitigate the environmental impact in terms of noise and pollutant emissions. Thus, government regulations and policies for reducing emissions drive the demand for electric propulsion-based eVTOL aircraft. Initiatives from key players and startups are increasing across the APAC. The startup will launch operations in 2024. As battery technology are improving over the years, eVTOL is becoming sustainable. eVTOL aircraft can fly for longer ranges and at higher speeds. Electric propulsion-based eVTOL can move into intra-city and inter-city aviation. The investments from key players are also growing. For instance, in January 2022, the ePlane Company, an eVTOL aircraft startup company, raised US$ 5 million in a Pre-Series A funding round led by Speciale Invest and Micelio. The investment was made to make unmanned air taxis. In addition, in January 2022, Jetson AB, a Swedish eVTOL company, completed the sale of the entire production of its eVTOL aircraft in 2022 and has an order of 100 units with delivery expected to start from 2023, along with over 3,000 pre-orders for further deliveries. Moreover, the increasing developments in the electric propulsion-based UAVs are also expected to boost the eVTOL aircraft during the forecast period. Also, the vendors across this market are initially focusing on the development of fully electric propulsion based eVTOL aircraft.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the Asia Pacific eVTOL aircraft market . The Asia Pacific eVTOL aircraft market is expected to grow at a good CAGR during the forecast period.
Asia Pacific eVTOL aircraft market Revenue and Forecast to 2028 (US$ Million )
Asia Pacific eVTOL aircraft market Segmentation
The Asia Pacific eVTOL aircraft market is segmented into lift technology, propulsion type, application, operation mode, and country. Based on lift technology, the Asia Pacific eVTOL aircraft market is segmented into multirotor, lift plus cruise, vectored thrust, and others. The lift plus cruise dominates the Asia Pacific eVTOL aircraft market in 2024. Based on propulsion type, the Asia Pacific eVTOL aircraft market is categorized into hybrid, fully electric, and electric hydrogen. The fully electric segment dominates the Asia Pacific eVTOL aircraft market in 2024. Based on application, the Asia Pacific eVTOL aircraft market is categorized into air taxi, Cargo Transport, last mile delivery, critical missions, inspection, surveying and mapping, and others. The air taxi segment dominates the Asia Pacific eVTOL aircraft market in 2024. Based on operation mode, the Asia Pacific eVTOL aircraft market is categorized into piloted, optionally piloted, and autonomous. The piloted segment dominates the Asia Pacific eVTOL aircraft market in 2024. Based on country, the Asia Pacific eVTOL aircraft market is segmented into China, Japan, South Korea, and Rest of Asia Pacific. The China segment dominates the Asia Pacific eVTOL aircraft market in 2024.
Key players dominating the Asia Pacific eVTOL aircraft market are Airbus, Bell Textron Inc., Boeing, Eve Air Mobility, Lilium GmBH, EHang, Pipistrel Group, Volocopter GmBH, and Archer Aviation Inc by Altair are among the leading companies in the Asia Pacific eVTOL aircraft market.
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. APAC eVTOL Aircraft Market Landscape
4.1 Market Overview
4.2 Porter’s Five Force Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. APAC eVTOL Aircraft Market – Key Industry Dynamics
5.1 Market Drivers
5.1.1 Adoption of Air Taxis due to Expansion of Urban Air Mobility
5.1.2 Increasing of Electric Propulsion-Based eVTOL Aircraft
5.2 Market Restraints
5.2.1 Certification and Qualification Challenges for Market Vendors
5.3 Market Opportunities
5.3.1 Requirement for Last-Mile Delivery
5.4 Market Trends
5.4.1 Soaring Need for Green Energy-Based Mode of Transportation
5.5 Impact Analysis of Drivers and Restraints
6. eVTOL Aircraft Market – APAC Market Analysis
6.1 APAC eVTOL Aircraft Market Overview
6.2 APAC eVTOL Aircraft Market Forecast and Analysis
7. APAC eVTOL Aircraft Market Analysis – by Lift Technology
7.1 Overview
7.2 Multirotor
7.2.1 Overview
7.2.2 Multirotor: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
7.3 Lift Plus Cruise
7.3.1 Overview
7.3.2 Lift Plus Cruise: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Vectored Thrust
7.4.1 Overview
7.4.2 Vectored Thrust: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Others
7.5.1 Overview
7.5.2 Others: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
8. APAC eVTOL Aircraft Market Analysis – by Propulsion Type
8.1 Overview
8.2 Hybrid
8.2.1 Overview
8.2.2 Hybrid: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
8.3 Fully Electric
8.3.1 Overview
8.3.2 Fully Electric: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Electric Hydrogen
8.4.1 Overview
8.4.2 Electric Hydrogen: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
9. APAC eVTOL Aircraft Market Analysis – by Application
9.1 Overview
9.2 Air Taxi
9.2.1 Overview
9.2.2 Air Taxi: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
9.3 Cargo Transport
9.3.1 Overview
9.3.2 Cargo Transport: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
9.4 Last Mile Delivery
9.4.1 Overview
9.4.2 Last Mile Delivery: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
9.5 Critical Missions
9.5.1 Overview
9.5.2 Critical Missions: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
9.6 Inspection, Surveying and Mapping
9.6.1 Overview
9.6.2 Inspection, Surveying and Mapping: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
9.7 Others
9.7.1 Overview
9.7.2 Others: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
10. APAC eVTOL Aircraft Market Analysis – by Operation Mode
10.1 Overview
10.2 Piloted
10.2.1 Overview
10.2.2 Piloted: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
10.3 Optionally Piloted
10.3.1 Overview
10.3.2 Optionally Piloted: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Autonomous
10.4.1 Overview
10.4.2 Autonomous: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
11. APAC eVTOL Aircraft Market – By Country Analysis
11.1 APAC: eVTOL Aircraft Market
11.1.1 APAC: eVTOL Aircraft Market, by Key Country
11.1.1.1 China: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.1.1 China: eVTOL Aircraft Market, By Lift Technology
11.1.1.1.2 China: eVTOL Aircraft Market, By Propulsion Type
11.1.1.1.3 China: eVTOL Aircraft Market, By Application
11.1.1.1.4 China: eVTOL Aircraft Market, By Operation Mode
11.1.1.2 Japan: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.2.1 Japan: eVTOL Aircraft Market, By Lift Technology
11.1.1.2.2 Japan: eVTOL Aircraft Market, By Propulsion Type
11.1.1.2.3 Japan: eVTOL Aircraft Market, By Application
11.1.1.2.4 Japan: eVTOL Aircraft Market, By Operation Mode
11.1.1.3 South Korea: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.3.1 South Korea: eVTOL Aircraft Market, By Lift Technology
11.1.1.3.2 South Korea: eVTOL Aircraft Market, By Propulsion Type
11.1.1.3.3 South Korea: eVTOL Aircraft Market, By Application
11.1.1.3.4 South Korea: eVTOL Aircraft Market, By Operation Mode
11.1.1.4 Rest of APAC: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
11.1.1.4.1 Rest of APAC: eVTOL Aircraft Market, By Lift Technology
11.1.1.4.2 Rest of APAC: eVTOL Aircraft Market, By Propulsion Type
11.1.1.4.3 Rest of APAC: eVTOL Aircraft Market, By Application
11.1.1.4.4 Rest of APAC: eVTOL Aircraft Market, By Operation Mode
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Airbus
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Bell Textron Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Boeing
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Eve Air Mobility
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Lilium GmBH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 EHang
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.7 Pipistrel Group
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Volocopter GmbH
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Archer Aviation Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES.
Table 1. APAC eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. APAC: eVTOL Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. China: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)
Table 4. China: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. China: eVTOL Aircraft Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 6. China: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)
Table 7. Japan: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)
Table 8. Japan: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Japan: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 10. Japan: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)
Table 11. South Korea: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)
Table 12. South Korea: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 13. South Korea: eVTOL Aircraft Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 14. South Korea: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)
Table 15. Rest of APAC: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)
Table 16. Rest of APAC: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 17. Rest of APAC: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)
Table 18. Rest of APAC: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)
Table 19. List of Abbreviation
LIST OF FIGURES.
Figure 1. APAC eVTOL Aircraft Market Segmentation
Figure 2. APAC eVTOL Aircraft Market Segmentation – By Country
Figure 3. APAC eVTOL Aircraft Market Overview
Figure 4. Lift Plus Cruise Segment held the Largest Share of eVTOL Aircraft Market
Figure 5. Fully Electric Segment held the Largest Share of eVTOL Aircraft Market
Figure 6. Air Taxi Segment held the Largest Share of eVTOL Aircraft Market
Figure 7. Piloted Segment held the Largest Share of eVTOL Aircraft Market
Figure 8. China to Show Great Traction During Forecast Period
Figure 9. APAC eVTOL Aircraft Market– Porter’s Five Forces Analysis
Figure 10. APAC Ecosystem Analysis: eVTOL Aircraft Battery
Figure 11. APAC Expert Opinion
Figure 12. APAC eVTOL Aircraft Market: Impact Analysis of Drivers and Restraints
Figure 13. APAC eVTOL Aircraft Market Forecast and Analysis (US$ Million)
Figure 14. APAC eVTOL Aircraft Market Revenue Share, by Lift Technology (2024 and 2028)
Figure 15. APAC Multirotor: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. APAC Lift Plus Cruise: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. APAC Vectored Thrust: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. APAC Others: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. APAC eVTOL Aircraft Market Revenue Share, by Propulsion Type (2024 and 2028)
Figure 20. APAC Hybrid: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. APAC Fully Electric: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. APAC Electric Hydrogen: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. APAC eVTOL Aircraft Market Revenue Share, by Application (2024 and 2028)
Figure 24. APAC Air Taxi: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. APAC Cargo Transport: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. APAC Last Mile Delivery: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. APAC Critical Missions: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. APAC Inspection, Surveying and Mapping: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. APAC Others: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. APAC eVTOL Aircraft Market Revenue Share, by Operation Mode (2024 and 2028)
Figure 31. APAC Piloted: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. APAC Optionally Piloted: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. APAC Autonomous: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. APAC eVTOL Aircraft Market, by Key Country – Revenue (2024) (US$ Million)
Figure 35. APAC: eVTOL Aircraft Market Revenue Share, by Key Country (2024 & 2028)
Figure 36. China: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Japan: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. South Korea: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Rest of APAC: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
The List of Companies - Asia Pacific EVTOL Aircraft Market
● Airbus
● Bell Textron Inc.
● Boeing
● Eve Air Mobility
● Lilium GmBH
● EHang
● Pipistrel Group
● Volocopter GmBH
● Archer Aviation Inc.
● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the APAC eVTOL aircraft market.
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the APAC eVTOL aircraft market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the APAC eVTOL aircraft market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
●
