North America EVTOL Aircraft Market Forecast to 2028

Report Code : BMIRE00026139 | Region : North America | Industry : Aerospace and Defense | Published Date : 20/Sep/2022

North America 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 North America eVTOL aircraft market is expected to grow from US$ 184.82 million in 2024 to US$ 674.41 million by 2028; it is estimated to grow at a CAGR of 38.2% 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 North America 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 North America. 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. 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 North America eVTOL aircraft market . The North America eVTOL aircraft market is expected to grow at a good CAGR during the forecast period.

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

North America eVTOL aircraft market Segmentation

The North America eVTOL aircraft market is segmented into by lift technology, propulsion type, application, operation mode, and country. Based on lift technology, the North America eVTOL aircraft market is segmented into multirotor, lift plus cruise, vectored thrust, and others. The lift plus cruise dominates the North America eVTOL aircraft market in 2024. Based on propulsion type, the North America eVTOL aircraft market is categorized into hybrid, fully electric, and electric hydrogen. The fully electric segment dominates the North America eVTOL aircraft market in 2024. Based on application, the North America 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 North America eVTOL aircraft market in 2024. Based on operation mode, the North America eVTOL aircraft market is categorized into piloted, optionally piloted, and autonomous. The piloted segment dominates the North America eVTOL aircraft market in 2024. Based on country, the North America eVTOL aircraft market is bifurcated into the US and Canada. The US dominates the North America eVTOL aircraft market in 2024.

Key players dominating the North America eVTOL aircraft market are Airbus, Bell Textron Inc., Boeing, Eve Air Mobility, Lilium GmBH, Opener, EHang, BETA Technologies Pipistrel Group, Joby Aviation Inc., Heart Aerospace, and Archer Aviation Inc by Altair are among the leading companies in the North America eVTOL aircraft market.

The List of Companies - North America EVTOL Aircraft Market

● Airbus

● Bell Textron Inc.

● Boeing

● Eve Air Mobility

● Lilium GmBH

● Opener

● EHang

● BETA Technologies

● Pipistrel Group

● Joby Aviation Inc.

● 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. North America 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. North America eVTOL Aircraft Market – Key Industry Dynamics

5.1 Market Drivers

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

5.1.2 Development 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 Demand for Last-Mile Delivery

5.4 Market Trends

5.4.1 Emerging Need for Green Energy-Based Mode of Transportation

5.5 Impact Analysis of Drivers and Restraints

6. eVTOL Aircraft Market – North America Market Analysis

6.1 North America eVTOL Aircraft Market Overview

6.2 North America eVTOL Aircraft Market Forecast and Analysis

7. North America 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. North America 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. North America 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. North America 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. North America eVTOL Aircraft Market – By Country Analysis

11.1 North America: eVTOL Aircraft Market

11.1.2 North America: eVTOL Aircraft Market, by Key Country

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

11.1.2.1.1 US: eVTOL Aircraft Market, By Lift Technology

11.1.2.1.2 US: eVTOL Aircraft Market, By Propulsion Type

11.1.2.1.3 US: eVTOL Aircraft Market, By Application

11.1.2.1.4 US: eVTOL Aircraft Market, By Operation Mode

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

11.1.2.2.1 Canada: eVTOL Aircraft Market, By Lift Technology

11.1.2.2.2 Canada: eVTOL Aircraft Market, By Propulsion Type

11.1.2.2.3 Canada: eVTOL Aircraft Market, By Application

11.1.2.2.4 Canada: 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 Opener

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

13.6.6 Key Developments

13.7 EHang

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

13.8 BETA Technologies

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 Pipistrel Group

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 Joby Aviation Inc.

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 Heart Aerospace

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

13.12 Archer Aviation Inc.

13.12.1 Key Facts

13.12.2 Business Description

13.12.3 Products and Services

13.12.4 Financial Overview

13.12.5 SWOT Analysis

13.12.6 Key Developments

14. Appendix

14.1 About The Insight Partners

14.2 Word Index

LIST OF TABLES.

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

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

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

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

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

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

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

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

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

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

Table 11. List of Abbreviation

The List of Companies - North America EVTOL Aircraft Market

● Airbus

● Bell Textron Inc.

● Boeing

● Eve Air Mobility

● Lilium GmBH

● Opener

● EHang

● BETA Technologies

● Pipistrel Group

● Joby Aviation Inc.

● 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 North America 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 North America 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 North America market trends and outlook coupled with the factors driving the North America 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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