Europe EVTOL Aircraft Market Forecast to 2028

Report Code : BMIRE00026064 | Region : Europe | Industry : Aerospace and Defense | Published Date : 19/Sep/2022
Europe EVTOL Aircraft Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Lift Technology (Multirotor, Lift Plus Cruise, Vectored Thrust, and Others), Propulsion Type (Hybrid, Fully Electric, and Electric Hydrogen), Application (Air Taxi, Cargo Transport, Last Mile Delivery, Critical Missions, Inspection, Surveying and Mapping, and Others), and Operation Mode (Piloted, Optionally Piloted, and Autonomous)

The Europe eVTOL aircraft market is expected to grow from US$ 196.37 million in 2024 to US$ 667.38 million by 2028; it is estimated to grow at a CAGR of 35.8% from 2024 to 2028.

The growing emission from transportation is polluting the environment ecosystem, which is further creating the demand for alternative transportation modes. Electric aircraft and flying taxis are among the most preferred alternatives for protecting the environment. Also, the vehicle could be designed as per different weather conditions. Therefore, the aviation market would witness a new era of electrified and hybrid aircraft propulsion in the coming years. Urban air mobility is increasingly seen as the future for rapid, sustainable, and affordable intercity travel. Some market players are looking to launch their services by the end of 2022. As battery technology improves, air taxis and other eVTOL vehicles will become sustainable and fly for longer ranges and at higher speeds. At present, eVTOL aircraft run purely on batteries, which are clean, quiet, and efficient source of power. Further, charging of batteries using renewable energy sources will help environment progress toward the goals of achieving zero emissions and keep global temperature within the emission standards. Several companies are working on technologies that can provide higher energy and power density than the present lithium-ion batteries. A few companies are working on lithium-sulfur (Li-S) battery technology. For instance, OXIS Energy has already achieved 450wh/kg at the cell level and expects to achieve 600wh/kg by 2025. Another emerging technology is the solid-state battery. In lithium-ion batteries, the liquid electrolyte is replaced with a solid electrolyte. This type of battery is reported to be safer, offer a long-life cycle, and have a faster recharge time. A glass solid-state battery can have three times higher energy density than lithium-ion. However, these batteries are still in the research stage at cell level. The low noise emissions are one of the key enablers for the entire eVTOL industry. Low noise is crucial to community acceptance and access spots in urban environments where take-off and land are expected. Thus, Lilium, a leading eVTOL manufacturer, uses ducted electric vectored thrust (DEVT) technology. The jets have ducted fan engines powered by electric motors. Acoustic liners around the fans capture and dissipate much of the noise. The test conducted showed that the perceived noise level of the jet had reduced to a great extent. Thus, the emerging trend for adopting green energy-based transportation and its associated advantages are anticipated to create a demand for eVTOL aircraft in the coming years. The eVTOL aircraft could become the future of passenger travel, military and defense applications, and freight and package transportation. Thus, the growing preference for an alternative transportation mode is expected to offer numerous growth prospects for the eVTOL aircraft market in the coming years.

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 Europe eVTOL aircraft market . The Europe eVTOL aircraft market is expected to grow at a good CAGR during the forecast period.

Europe eVTOL aircraft market Revenue and Forecast to 2028 (US$ Million )

Europe eVTOL aircraft market Segmentation

The Europe eVTOL aircraft market is segmented into lift technology, propulsion type, application, operation mode, and country. Based on lift technology, the Europe eVTOL aircraft market is segmented into multirotor, lift plus cruise, vectored thrust, and others. The lift plus cruise dominates the Europe eVTOL aircraft market in 2024. Based on propulsion type, the Europe eVTOL aircraft market is categorized into hybrid, fully electric, and electric hydrogen. The fully electric segment dominates the Europe eVTOL aircraft market in 2024. Based on application, the Europe 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 Europe eVTOL aircraft market in 2024. Based on operation mode, the Europe eVTOL aircraft market is categorized into piloted, optionally piloted, and autonomous. The piloted segment dominates the Europe eVTOL aircraft market in 2024. Based on country, the Europe eVTOL aircraft market is segmented into Germany, France, Italy, UK, Russia, and Rest of Europe. The Germany segment dominates the Europe eVTOL aircraft market in 2024.

Key players dominating the Europe eVTOL aircraft market are Airbus, Bell Textron Inc., Boeing; Eve Air Mobility, Lilium GmBH, EHang, Pipistrel Group, Volocopter GmBH, Heart Aerospace, and Archer Aviation Inc by Altair are among the leading companies in the Europe eVTOL aircraft market.

The List of Companies - Europe EVTOL Aircraft Market

● Airbus

● Bell Textron Inc.

● Boeing

● Eve Air Mobility

● Lilium GmBH

● EHang

● Pipistrel Group

● Volocopter GmBH

● Heart Aerospace

● Archer Aviation Inc

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. Europe 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. Europe eVTOL Aircraft Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Adoption of Air Taxis due to Growth of Urban Air Mobility

5.1.2 Rise 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 Need for Last-Mile Delivery

5.4 Market Trends

5.4.1 Surging Need for Green Energy-Based Mode of Transportation

5.5 Impact Analysis of Drivers and Restraints

6. eVTOL Aircraft Market – Europe Market Analysis

6.1 Europe eVTOL Aircraft Market Overview

6.2 Europe eVTOL Aircraft Market Forecast and Analysis

7. Europe 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. Europe 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. Europe 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. Europe 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. Europe eVTOL Aircraft Market – By Country Analysis

11.1 Europe: eVTOL Aircraft Market

11.1.2 Europe: eVTOL Aircraft Market, by Key Country

11.1.2.1 Germany: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.1.1 Germany: eVTOL Aircraft Market, By Lift Technology

11.1.2.1.2 Germany: eVTOL Aircraft Market, By Propulsion Type

11.1.2.1.3 Germany: eVTOL Aircraft Market, By Application

11.1.2.1.4 Germany: eVTOL Aircraft Market, By Operation Mode

11.1.2.2 France: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.2.1 France: eVTOL Aircraft Market, By Lift Technology

11.1.2.2.2 France: eVTOL Aircraft Market, By Propulsion Type

11.1.2.2.3 France: eVTOL Aircraft Market, By Application

11.1.2.2.4 France: eVTOL Aircraft Market, By Operation Mode

11.1.2.3 Italy: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.3.1 Italy: eVTOL Aircraft Market, By Lift Technology

11.1.2.3.2 Italy: eVTOL Aircraft Market, By Propulsion Type

11.1.2.3.3 Italy: eVTOL Aircraft Market, By Application

11.1.2.3.4 Italy: eVTOL Aircraft Market, By Operation Mode

11.1.2.4 UK: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.4.1 UK: eVTOL Aircraft Market, By Lift Technology

11.1.2.4.2 UK: eVTOL Aircraft Market, By Propulsion Type

11.1.2.4.3 UK: eVTOL Aircraft Market, By Application

11.1.2.4.4 UK: eVTOL Aircraft Market, By Operation Mode

11.1.2.5 Russia: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.5.1 Russia: eVTOL Aircraft Market, By Lift Technology

11.1.2.5.2 Russia: eVTOL Aircraft Market, By Propulsion Type

11.1.2.5.3 Russia: eVTOL Aircraft Market, By Application

11.1.2.5.4 Russia: eVTOL Aircraft Market, By Operation Mode

11.1.2.6 Rest of Europe: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.1.2.6.1 Rest of Europe: eVTOL Aircraft Market, By Lift Technology

11.1.2.6.2 Rest of Europe: eVTOL Aircraft Market, By Propulsion Type

11.1.2.6.3 Rest of Europe: eVTOL Aircraft Market, By Application

11.1.2.6.4 Rest of Europe: 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 BETA Technologies

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 Pipistrel Group

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 Volocopter GmbH

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

13.10 Heart Aerospace

13.10.1 Key Facts

13.10.2 Business Description

13.10.3 Products and Services

13.10.4 Financial Overview

13.10.5 SWOT Analysis

13.10.6 Key Developments

13.11 Archer Aviation Inc.

13.11.1 Key Facts

13.11.2 Business Description

13.11.3 Products and Services

13.11.4 Financial Overview

13.11.5 SWOT Analysis

13.11.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES.

Table 1.             Europe eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Table 2.             Europe: eVTOL Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 3.             Germany: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 4.             Germany: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 5.             Germany: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 6.             Germany: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 7.             France: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 8.             France: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 9.             France: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 10.          France: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 11.          Italy: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 12.          Italy: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 13.          Italy: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 14.          Italy: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 15.          UK: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 16.          UK: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 17.          UK: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 18.          UK: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 19.          Russia: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 20.          Russia: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 21.          Russia: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 22.          Russia: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 23.          Rest of Europe: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 24.          Rest of Europe: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 25.          Rest of Europe: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 26.          Rest of Europe: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 27.          List of Abbreviation

The List of Companies - Europe EVTOL Aircraft Market

● Airbus

● Bell Textron Inc.

● Boeing

● Eve Air Mobility

● Lilium GmBH

● EHang

● Pipistrel Group

● Volocopter GmBH

● Heart Aerospace

● Archer Aviation Inc

Reason To Buy

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Europe 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 Europe 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 Europe market trends and outlook coupled with the factors driving the Europe 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

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