eVTOL Aircraft Market Forecast to 2028

eVTOL Aircraft Market Forecast to 2028 - COVID-19 Impact and Global 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)

Report Code : TIPRE00007568 | Region : Global | Industry : Aerospace and Defense | Published Date : 15/Jun/2022

The eVTOL aircraft market is expected to grow from US$ 519.81 million in 2024 to US$ 1756.28 million by 2028; it is expected to grow at a CAGR of 35.6% from 2024 to 2028.

The adoption of air taxis due to developments in urban air mobility worldwide is driving the eVTOL market. The favorable government initiatives from leading countries and a growing number of startups entering the market are fueling the adoption of air taxis worldwide. In December 2021, the Australian government announced a grant worth US$ 23 million to explore the application of new aviation technology as part of its Emerging Aviation Technology Partnerships Program. In addition, in April 2022, Airbus and ITA Airways signed a Memorandum of Understanding to collaborate and introduce urban air mobility (UAM) in Italy. The agreement also focuses on the safe and sustainable launch of CityAirbus NextGen eVTOL aircraft. In European countries, the first flight of air taxis is expected to occur by 2024. Thus, as per the European Union Aviation Safety Agency (EASA), commercial use of (air) taxis can start by 2024 or 2025. Thus, upcoming developments and initiatives from leading countries for adopting air taxis would strengthen the demand for urban air mobility, which is expected to provide lucrative opportunities for the eVTOL aircraft market growth during the forecast period.

Developments in electric-propulsion-based eVTOL aircraft are another major factor that is expected to fuel the eVTOL aircraft market growth globally. The aviation industry is one of the fastest-growing sources of 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 worldwide to control their carbon emissions. In addition, in November 2021, EPA filed 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 of noise and pollutant emissions. Thus, government regulations and policies for reducing emissions boost the demand for electric propulsion-based eVTOL aircraft.

Impact of COVID-19 Pandemic on eVTOL Aircraft Market

The overall impact of the COVID-19 pandemic on the aviation industry is severe. The global aviation industry is expected to lose ~US$ 200 billion from 2020 to 2022. The impact of the pandemic has led to declined aircraft production, disrupted supply chain during the FY 2020, postponement of new orders, transportation challenges for sourcing materials or parts, and labor challenges for the aviation industry vendors. This had also adversely affected the eVTOL aircraft market. As the eVTOL industry is still in its development phase and is required to have a rising economic growth to sustain the developments across the eVTOL industry, the ongoing projects such as testing, certification, and production of prototypes have been severely impacted during the pandemic. However, as the aviation industry has started recovering from its loss, several countries have shifted their focus to eVTOL infrastructure development across urban cities worldwide. Also, despite the pandemic, during FY 2020, a few companies have captured contracts for the testing & development of eVTOL products. For instance, in 2020, LIFT Aircraft Inc. received a contract worth US$ 2.5 million from the US Air Force for flight testing of its HEXA eVTOL aircraft, which has somehow driven the development of the eVTOL aircraft market for critical mission applications.

The US is expected to account for the largest market share in the North American eVTOL aircraft market in 2024. This is owing to the presence of eVTOL aircraft manufacturers and increasing number of investments in the country. Moreover, supportive government funding initiatives further contribute to the country's market growth. For instance, in March 2021, the US Air Force’s Agility Prime initiative will help finance the flight test and certification efforts of ~20 eVTOL aircraft participating in its “Air Race to Certification” program. The growing competition in the eVTOL aircraft market is primarily to achieve the US Federal Aviation Administration (FAA) aircraft certification and enter into commercial service.

In Germany, the eVTOL aircraft market growth is primarily driven by the growing number of developments of electric-propulsion-based eVTOL aircraft across the country. With the growing initiatives for incorporating electric and hybrid-electric air taxis, the eVTOL aircraft market vendors are collaboratively working to develop an extensive charging infrastructure powered by clean energy sources and start and landing facilities. For example, Rolls Royce's electrical power system will be integrated into the piloted eVTOL vehicle, which will carry up to four passengers for 120 miles at cruise speeds of over ~200mph and is on course to certify by 2024. In addition, in March 2022, the Germany-based eVTOL developer Lilium announced a new partnership with Honeywell and Denso to develop electric motors for eVTOL aircraft. Thus, such developments from the e-commerce industry, companies such as Amazon, and delivery fleets taking significant initiatives to provide the last mile delivery are augmenting the eVTOL aircraft market growth in Germany over the forecast period.

Airbus (The Netherlands), Bell Textron Inc. (US), Boeing (US), Eve Air Mobility (Brazil), Lilium GmbH (Germany), Opener (US), EHang (China), BETA Technologies (US), Pipistrel Group (Slovenia), Volocopter GmbH (Germany), Joby Aviation Inc. (US), Heart Aerospace (Sweden), and Archer Aviation Inc. (US) are among the players profiled during the study of the eVTOL aircraft market.

The overall eVTOL aircraft market size has been derived using both primary and secondary sources. To begin the eVTOL aircraft market research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the eVTOL aircraft market. The process also serves the purpose of obtaining an overview and market forecast of the eVTOL aircraft market growth with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights about the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, national operations managers—along with external consultants such as valuation experts, research analysts, and key opinion leaders—specializing in the eVTOL aircraft market.

According to the new research report on "eVTOL Aircraft Market Forecast to 2028 – COVID-19 Impact and Global Analysis," published by The Insight Partners, the market size is expected to reach US$ 1,756.28 million by 2028, registering a CAGR of 35.6% from 2024 to 2028.

The US has the largest aerospace industry globally. In 2024, the US is expected to account for the largest market share in the eVTOL aircraft market in North America owing to the presence of many eVTOL aircraft manufacturers and rising investments in eVTOL aircraft in the country. For instance, in March 2021, the US Air Force’s Agility Prime initiative announced that it would help finance the flight test and certification efforts of ~20 eVTOL aircraft that have participated in its “Air Race to Certification” program. The growing competition in the eVTOL aircraft market is primarily to achieve the US Federal Aviation Administration (FAA) aircraft certification and enter into commercial service. The initiative Agility Prime is also providing funding to 257 teams of small businesses, universities, and other nonprofit research institutions engaged in near-term eVTOL research and development (R&D) work. In December 2020, Joby Aviation announced that Uber Technologies agreed to invest US$ 75 million as it acquired Uber Elevate and Expands Partnership. This investment comes in addition to a previously undisclosed US$ 50 million investment made as part of Joby’s Series C financing round in January 2020. In addition, In May 2021, The US Air Force Research Laboratory (AFRL) granted Bell a contract worth US$ 950,000 investment to conduct applied research into a high-speed VTOL aircraft. In May 2022, Beta Technologies flew its prototype Alia-250 eVTOL aircraft across the US to Springfield-Beckley Municipal Airport (SGH) in Ohio. Beta Technologies had installed an Alia-250 flight simulator at the Air Force facility and another in Washington, DC, to support its Agility Prime contract. Thus, such investment trends and the growing initiatives to promote eVTOL aircraft in the US are expected to fuel the eVTOL aircraft market growth over the forecast period.

Before the onset of the COVID-19 outbreak, the eVTOL aircraft market witnessed tremendous growth opportunities owing to large investments in the eVTOL aircraft market. For instance, during the first few months of FY 2020, the eVTOL aircraft market had received over ~US$ 1 billion investments under which some of the developments had faced several challenges due to the industry crisis later in FY 2020. Further, the urban air mobility sector investments are expected to reach a value of ~US$ 318 billion by 2040, according to the eVTOL aircraft market analysis.

Geographic diversification across different North American countries and the presence of major aircraft manufacturers, such as Joby Aviation, Bell Textron Inc., and Kitty Hawk, are the major factors driving the eVTOL aircraft market in North America. In July 2021, the Government of Quebec and the Government of Canada provided financial assistance of over ~US$ 685 million to Pratt & Whitney Canada, Bell Textron Canada, and CAE. The funding will support projects totaling US$ 2 billion in investments in Canada, including nearly US$ 1.6 billion in Quebec. Furthermore, the investment aimed to develop and commercialize environmental-friendly aviation technology. For instance, in April 2022, Jaunt Air Mobility attracted two new private investors to help fund its plans to bring a four-passenger eVTOL aircraft to market by 2026. Thus, such developments in eVTOL technologies are fueling the eVTOL aircraft market growth in North America.

The eVTOL aircraft market is segmented into lift technology, propulsion type, application, and operation mode. Based on lift technology, the eVTOL aircraft market is segmented into multirotor, lift plus cruise, vectored thrust, and others. Based on propulsion type, the market is segmented into hybrid, fully electric, and electric hydrogen. Based on application, the market is categorized into air taxi; cargo transport; last mile delivery; critical missions; inspection, surveying, and mapping; and others. Based on operation mode, the eVTOL aircraft market is segmented into piloted, optionally piloted, and autonomous.

Key Findings of Study:

The eVTOL aircraft market is in the development phase worldwide; however, the leading companies are strategically working to leverage the market dynamics. For instance, Volocopter GmbH, a German aircraft manufacturer and a leading pioneer of urban air mobility (UAM), had planned to launch the world’s first-ever eVTOL suite of services with the help of passenger air taxis and heavy-lift cargo drones. Also, in March 2022, Jetex and Volocopter signed a strategic partnership agreement to define a safe and sustainable model of urban air mobility. The partnership was established to deploy and operate permanent, economically sustainable, and integrated UAM taxi takeoff and landing infrastructure and services for passenger transportation. In addition, in October 2021, Volocopter GmbH successfully performed the first public flight demonstration of its eVTOL VoloDrone.

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. 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. 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 – Global Market Analysis

6.1 eVTOL Aircraft Market Overview

6.2 eVTOL Aircraft Market Forecast and Analysis

6.3 Market Positioning – Global Key Players

7. 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. 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. 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. 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. eVTOL Aircraft Market – Geographic Analysis

11.1 Overview

11.2 North America: eVTOL Aircraft Market

11.2.1 North America: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.2.2 North America: eVTOL Aircraft Market, By Lift Technology

11.2.3 North America: eVTOL Aircraft Market, By Propulsion Type

11.2.4 North America: eVTOL Aircraft Market, By Application

11.2.5 North America: eVTOL Aircraft Market, By Operation mode

11.2.6 North America: eVTOL Aircraft Market, by Key Country

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

11.2.6.1.1 US: eVTOL Aircraft Market, By Lift Technology

11.2.6.1.2 US: eVTOL Aircraft Market, By Propulsion Type

11.2.6.1.3 US: eVTOL Aircraft Market, By Application

11.2.6.1.4 US: eVTOL Aircraft Market, By Operation Mode

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

11.2.6.2.1 Canada: eVTOL Aircraft Market, By Lift Technology

11.2.6.2.2 Canada: eVTOL Aircraft Market, By Propulsion Type

11.2.6.2.3 Canada: eVTOL Aircraft Market, By Application

11.2.6.2.4 Canada: eVTOL Aircraft Market, By Operation Mode

11.3 Europe: eVTOL Aircraft Market

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

11.3.2 Europe: eVTOL Aircraft Market, By Lift Technology

11.3.3 Europe: eVTOL Aircraft Market, By Propulsion Type

11.3.4 Europe: eVTOL Aircraft Market, By Application

11.3.5 Europe: eVTOL Aircraft Market, By Operation Mode

11.3.6 Europe: eVTOL Aircraft Market, by Key Country

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

11.3.6.1.1 Germany: eVTOL Aircraft Market, By Lift Technology

11.3.6.1.2 Germany: eVTOL Aircraft Market, By Propulsion Type

11.3.6.1.3 Germany: eVTOL Aircraft Market, By Application

11.3.6.1.4 Germany: eVTOL Aircraft Market, By Operation Mode

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

11.3.6.2.1 France: eVTOL Aircraft Market, By Lift Technology

11.3.6.2.2 France: eVTOL Aircraft Market, By Propulsion Type

11.3.6.2.3 France: eVTOL Aircraft Market, By Application

11.3.6.2.4 France: eVTOL Aircraft Market, By Operation Mode

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

11.3.6.3.1 Italy: eVTOL Aircraft Market, By Lift Technology

11.3.6.3.2 Italy: eVTOL Aircraft Market, By Propulsion Type

11.3.6.3.3 Italy: eVTOL Aircraft Market, By Application

11.3.6.3.4 Italy: eVTOL Aircraft Market, By Operation Mode

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

11.3.6.4.1 UK: eVTOL Aircraft Market, By Lift Technology

11.3.6.4.2 UK: eVTOL Aircraft Market, By Propulsion Type

11.3.6.4.3 UK: eVTOL Aircraft Market, By Application

11.3.6.4.4 UK: eVTOL Aircraft Market, By Operation Mode

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

11.3.6.5.1 Russia: eVTOL Aircraft Market, By Lift Technology

11.3.6.5.2 Russia: eVTOL Aircraft Market, By Propulsion Type

11.3.6.5.3 Russia: eVTOL Aircraft Market, By Application

11.3.6.5.4 Russia: eVTOL Aircraft Market, By Operation Mode

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

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

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

11.3.6.6.3 Rest of Europe: eVTOL Aircraft Market, By Application

11.3.6.6.4 Rest of Europe: eVTOL Aircraft Market, By Operation Mode

11.4 APAC: eVTOL Aircraft Market

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

11.4.2 APAC: eVTOL Aircraft Market, By Lift Technology

11.4.3 APAC: eVTOL Aircraft Market, By Propulsion Type

11.4.4 APAC: eVTOL Aircraft Market, By Application

11.4.5 APAC: eVTOL Aircraft Market, By Operation Mode

11.4.6 APAC: eVTOL Aircraft Market, by Key Country

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

11.4.6.1.1 China: eVTOL Aircraft Market, By Lift Technology

11.4.6.1.2 China: eVTOL Aircraft Market, By Propulsion Type

11.4.6.1.3 China: eVTOL Aircraft Market, By Application

11.4.6.1.4 China: eVTOL Aircraft Market, By Operation Mode

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

11.4.6.2.1 Japan: eVTOL Aircraft Market, By Lift Technology

11.4.6.2.2 Japan: eVTOL Aircraft Market, By Propulsion Type

11.4.6.2.3 Japan: eVTOL Aircraft Market, By Application

11.4.6.2.4 Japan: eVTOL Aircraft Market, By Operation Mode

11.4.6.3 South Korea: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.3.1 South Korea: eVTOL Aircraft Market, By Lift Technology

11.4.6.3.2 South Korea: eVTOL Aircraft Market, By Propulsion Type

11.4.6.3.3 South Korea: eVTOL Aircraft Market, By Application

11.4.6.3.4 South Korea: eVTOL Aircraft Market, By Operation Mode

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

11.4.6.4.1 Rest of APAC: eVTOL Aircraft Market, By Lift Technology

11.4.6.4.2 Rest of APAC: eVTOL Aircraft Market, By Propulsion Type

11.4.6.4.3 Rest of APAC: eVTOL Aircraft Market, By Application

11.4.6.4.4 Rest of APAC: eVTOL Aircraft Market, By Operation Mode

11.5 Rest of the World: eVTOL Aircraft Market

11.5.1 Rest of the World: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.5.2 Rest of the World: eVTOL Aircraft Market, By Lift Technology

11.5.3 Rest of the World: eVTOL Aircraft Market, By Propulsion Type

11.5.4 Rest of the World: eVTOL Aircraft Market, By Application

11.5.5 Rest of the World: eVTOL Aircraft Market, By Operation Mode

11.5.6 Rest of the World: eVTOL Aircraft Market, by Key Sub-Regions

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

11.5.6.1.1 MEA: eVTOL Aircraft Market, By Lift Technology

11.5.6.1.2 MEA: eVTOL Aircraft Market, By Propulsion Type

11.5.6.1.3 MEA: eVTOL Aircraft Market, By Application

11.5.6.1.4 MEA: eVTOL Aircraft Market, By Operation Mode

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

11.5.6.2.1 SAM: eVTOL Aircraft Market, By Lift Technology

11.5.6.2.2 SAM: eVTOL Aircraft Market, By Propulsion Type

11.5.6.2.3 SAM: eVTOL Aircraft Market, By Application

11.5.6.2.4 SAM: eVTOL Aircraft Market, By Operation Mode

12. eVTOL Aircraft Market- COVID-19 Impact Analysis

12.1 Overview

12.2 North America: Impact Assessment of COVID-19 Pandemic

12.3 Europe: Impact Assessment of COVID-19 Pandemic

12.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

12.5 Rest of the World: Impact Assessment of COVID-19 Pandemic

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 New Product Development

13.4 Merger and Acquisition

14. Company Profiles

14.1 Airbus

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Bell Textron Inc.

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Boeing

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Eve Air Mobility

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Lilium GmBH

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Opener

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 EHang

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.8 BETA Technologies

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Pipistrel Group

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Volocopter GmbH

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

14.11 Joby Aviation Inc.

14.11.1 Key Facts

14.11.2 Business Description

14.11.3 Products and Services

14.11.4 Financial Overview

14.11.5 SWOT Analysis

14.11.6 Key Developments

14.12 Heart Aerospace

14.12.1 Key Facts

14.12.2 Business Description

14.12.3 Products and Services

14.12.4 Financial Overview

14.12.5 SWOT Analysis

14.12.6 Key Developments

14.13 Archer Aviation Inc.

14.13.1 Key Facts

14.13.2 Business Description

14.13.3 Products and Services

14.13.4 Financial Overview

14.13.5 SWOT Analysis

14.13.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Word Index

LIST OF TABLES.

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

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

Table 3. North America: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

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

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

Table 6. North America: eVTOL Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)

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

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

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

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

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

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

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

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

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

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

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

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

Table 19. Europe: eVTOL Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 20. Germany: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

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

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

Table 23. Germany: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 24. France: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 25. France: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 26. France: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 27. France: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 28. Italy: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 29. Italy: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 30. Italy: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 31. Italy: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 32. UK: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 33. UK: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 34. UK: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 35. UK: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 36. Russia: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 37. Russia: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 38. Russia: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 39. Russia: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 40. Rest of Europe: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 41. Rest of Europe: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 42. Rest of Europe: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 43. Rest of Europe: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 44. APAC: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 45. APAC: eVTOL Aircraft Market, By Propulsion Type– Revenue and Forecast to 2028 (US$ Million)

Table 46. APAC: eVTOL Aircraft Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 47. APAC: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 48. APAC: eVTOL Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 49. China: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 50. China: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 51. China: eVTOL Aircraft Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 52. China: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 53. Japan: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 54. Japan: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 55. Japan: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 56. Japan: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 57. South Korea: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 58. South Korea: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 59. South Korea: eVTOL Aircraft Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 60. South Korea: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 61. Rest of APAC: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 62. Rest of APAC: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 63. Rest of APAC: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 64. Rest of APAC: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 65. Rest of the World: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 66. Rest of the World: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 67. Rest of the World: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 68. Rest of the World: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 69. Rest of the World: eVTOL Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 70. MEA: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 71. MEA: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 72. MEA: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 73. MEA: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 74. SAM: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 75. SAM: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 76. SAM: eVTOL Aircraft Market, Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 77. SAM: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 78. List of Abbreviation

LIST OF FIGURES.

Figure 1. eVTOL Aircraft Market Segmentation

Figure 2. eVTOL Aircraft Market Segmentation – By Geography

Figure 3. Global 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. North America to Show Great Traction During Forecast Period

Figure 9. eVTOL Aircraft Market– Porter’s Five Forces Analysis

Figure 10. Ecosystem Analysis: eVTOL Aircraft Battery

Figure 11. Expert Opinion

Figure 12. eVTOL Aircraft Market: Impact Analysis of Drivers and Restraints

Figure 13. eVTOL Aircraft Market – Geographic Analysis

Figure 14. eVTOL Aircraft Market Forecast and Analysis (US$ Million)

Figure 15. eVTOL Aircraft Market Revenue Share, by Lift Technology (2024 and 2028)

Figure 16. Multirotor: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Lift Plus Cruise: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Vectored Thrust: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Others: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. eVTOL Aircraft Market Revenue Share, by Propulsion Type (2024 and 2028)

Figure 21. Hybrid: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Fully Electric: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Electric Hydrogen: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. eVTOL Aircraft Market Revenue Share, by Application (2024 and 2028)

Figure 25. Air Taxi: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Cargo Transport: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Last Mile Delivery: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Critical Missions: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Inspection, Surveying and Mapping: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Others: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. eVTOL Aircraft Market Revenue Share, by Operation Mode (2024 and 2028)

Figure 32. Piloted: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Optionally Piloted: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Autonomous: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Global eVTOL Aircraft Market Revenue Share, by Region (2024 & 2028)

Figure 36. North America: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. North America: eVTOL Aircraft Market Revenue Share, By Lift Technology (2024 & 2028)

Figure 38. North America: eVTOL Aircraft Market Revenue Share, By Propulsion Type (2024 & 2028)

Figure 39. North America: eVTOL Aircraft Market Revenue Share, By Application (2024 & 2028)

Figure 40. North America: eVTOL Aircraft Market Revenue Share, By Operation mode (2024 & 2028)

Figure 41. North America: eVTOL Aircraft Market Revenue Share, by Key Country (2024 & 2028)

Figure 42. US: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43. Canada: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 44. Europe: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 45. Europe: eVTOL Aircraft Market Revenue Share, By Lift Technology (2024 & 2028)

Figure 46. Europe: eVTOL Aircraft Market Revenue Share, By Propulsion Type (2024 & 2028)

Figure 47. Europe: eVTOL Aircraft Market Revenue Share, By Application (2024 & 2028)

Figure 48. Europe: eVTOL Aircraft Market Revenue Share, By Operation Mode (2024 & 2028)

Figure 49. Europe: eVTOL Aircraft Market Revenue Share, by Key Country (2024 & 2028)

Figure 50. Germany: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51. France: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 52. Italy: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 53. UK: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 54. Russia: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55. Rest of Europe: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 56. APAC: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 57. APAC: eVTOL Aircraft Market Revenue Share, By Lift Technology (2024 & 2028)

Figure 58. APAC: eVTOL Aircraft Market Revenue Share, By Propulsion Type (2024 & 2028)

Figure 59. APAC: eVTOL Aircraft Market Revenue Share, By Application (2024 & 2028)

Figure 60. APAC: eVTOL Aircraft Market Revenue Share, By Operation Mode (2024 & 2028)

Figure 61. APAC: eVTOL Aircraft Market Revenue Share, by Key Country (2024 & 2028)

Figure 62. China: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 63. Japan: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 64. South Korea: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 65. Rest of APAC: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 66. Rest of the World: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 67. Rest of the World: eVTOL Aircraft Market Revenue Share, By Lift Technology (2024 & 2028)

Figure 68. Rest of the World: eVTOL Aircraft Market Revenue Share, By Propulsion Type (2024 & 2028)

Figure 69. Rest of the World: eVTOL Aircraft Market Revenue Share, By Application (2024 & 2028)

Figure 70. Rest of the World: eVTOL Aircraft Market Revenue Share, By Operation Mode (2024 & 2028)

Figure 71. Rest of the World: eVTOL Aircraft Market Revenue Share, by Key Sub-Regions (2024 & 2028)

Figure 72. MEA: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 73. SAM: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 74. Impact of COVID-19 Pandemic in North America Country Markets

Figure 75. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 76. Impact of COVID-19 Pandemic in APAC Country Markets

Figure 77. Impact of COVID-19 Pandemic in Rest of the World

The List of Companies - eVTOL Aircraft Market

1. Airbus

2. Bell Textron Inc.

3. Boeing

4. Eve Air Mobility

5. Lilium GmbH

6. Opener

7. EHang

8. BETA Technologies

9. Pipistrel Group

10. Volocopter GmbH

11. Joby Aviation Inc.

12. Heart Aerospace

13. Archer Aviation Inc.

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