eVtol Aircraft Market: By Battery type (Air Taxis, Delivery Drones and others), By Type of Propulsion (Fully Electric, Hybrid, and Electric Hydrogen), By Lift Technology (Multirotor, Vectored Thrust, Lift Plus Cruise and others), By Range(0–200 km and 200–500 km), By Mode of Operation (Piloted and Optionally Piloted), and By Maximum Take-off Weight type (<250 kg, 250–500 kg, 500–1,500 kg and >1,500 kg) - Forecast 2027

ID: VPR/A&D/1264 Publishing Year: November 2021 Pages: 140 Format:   


eVtol Aircraft Market Overview:

Global eVtol Aircraft Market was valued at $ 7.89 billion in 2020, and is expected to reach $ 47.78 billion by 2027, registering a CAGR of 29.55% from 2021 to 2027.

Several technological advances in the aviation sector have resulted in ideas being realised sooner than anticipated as a result of technological advances. Electric vertical take-off and landing aircraft (eVTOL) are a kind of autonomous electric aircraft that provide improved safety and comfort. They also aid in the production of less noise, resulting in reduced noise pollution. The eVtol Aircraft Market is increasing its operating efficiency with the goal of improving customer satisfaction by offering flexibility and convenience. It also aids in quick travel. These electric aeroplanes execute precise tasks at a fast rate.

During the projected period, the increasing demand to improve operational efficiency is expected to be a major driver driving the global eVTOL market. Other significant variables that are expected to augment the market size throughout the study period include the increasing need to reduce human intervention and increased investment in the industry across the world. Because of its widespread use in medical crises, the business is anticipated to expand rapidly. Established companies like as NASA, Uber, and Airbus are known to influence the industry substantially via technological advancement and increased R&D. On the other side, the industry's development is expected to be hampered over the projection period by greater initial infrastructure expenditures, high related costs, and the absence of 5F infrastructure in different regions.

Significant eVtol Aircraft suppliers are providing connection technology for more effective and improved client experiences, which is driving the global eVtol Aircraft Market forward. For example, Ehang and Vodafone partnered on urban air mobility in October 2019 to offer connection and monitoring to all eVtol Aircraft in Europe. In the future years, these characteristics may offer profitable possibilities for the worldwide eVtol Aircraft Market.

Key players:

  • EHANG (China)
  • Volocopter GmbH (Germany)
  • A³ by Airbus (US)
  • Aurora Flight Sciences (US)
  • TERRAFUGIA (US)
  • Bell Textron Inc. (US)
  • Kitty Hawk (US)
  • Lilium GmbH (Germany)
  • Uber Technologies Inc. (US)
  • EmbraerX (Brazil)
  • Workhorse (US)
  • Karem Aircraft, Inc. (US)
  • LIFT Aircraft Inc. (US)
  • Neva Aerospace (UK)
  • Opener (Canada)
  • OXIS Energy Ltd (UK)
  • Workhorse (US) and
  • Karem Aircraft, Inc. (US)

Segmental Analysis:

The worldwide eVtol Aircraft Market is divided by battery type, type of propulsion, lift technology, range, and mode of operation, as well as application and MTOW type. The lithium-ion batteries sector of the eVtol Aircraft Market is expected to grow at a CAGR of 29.55 percent during the forecast period. The air taxis sector of the eVtol Aircraft Market is projected to grow at a CAGR of 29.98 percent during the assessment period. In the eVtol Aircraft Market's type of propulsion sector, the completely electric sector is expected to dominate throughout the projected period. In the eVtol Aircraft Market's lift technology category, the multirotor sector is projected to grow at the fastest rate throughout the assessment period. During the projection period, the 0-200 km range segment of the eVtol Aircraft Market is expected to dominate the industry. During the evaluation period, the piloted sector of the eVtol Aircraft Market is expected to acquire a competitive advantage in the mode of operation sector. During the forecast period, the sector is expected to grow at a CAGR of 28.94 percent. The 500-1500 kg category of the eVtol Aircraft Market is expected to have the greatest CAGR throughout the study period.

COVID-19's Worldwide Effect:

 The global impact of the COVID-19 pandemic has been unparalleled. The ramifications have been far-reaching, especially in the aviation industry. In 2020, the aviation sector is expected to lose more than US$ 84 billion globally. eVTOL businesses, on the other hand,

may have an even greater difficulty. The industry is still in its early phases of development. There have been some visible indications of the market slowing down as a result of the COVID-19 epidemic. Some of the issues that hindered the industry on a big scale were overseas market growth, remote working habits, raw material scarcity, and reliance on outsourcing.

Regional Analysis:

The existence of key payers is expected to have a significant influence in the region's market development. The major companies are forming alliances in order to enhance their position in the industry. For example, in January 2021, the Radar Company Metawave announced a deal to develop the USAF's new autonomous eVOTL aircraft. In the future, the United States and Canada are expected to make substantial contributions. During the evaluation period, Europe is expected to gain significant market share. The region's market size is expected to grow as a result of increased cooperation. For example, Urban-Air Port, a British start-up, has announced a collaboration with Hyundai, an internationally known automotive manufacturer, to build a flying vehicle airport in Coventry, England. During the projected period, APAC is expected to gain substantial market value. The area should be able to find a market. Growing technological progress in growth-oriented nations like India and China is expected to have a significant influence in propelling the market in the region.



Frequently Asked Questions
EVtol Aircraft Market is predicted to grow at 29.55% through forecast period of 2020-2027
By 2027, worth USD 47.78 Billion is estimated for the global market.
The increasing demand to improve operational efficiency is expected to be a major driver driving the global eVTOL market. Other significant variables that are expected to augment the market size throughout the study period include the increasing need to reduce human intervention and increased investment in the industry across the world.
EHANG (China), Volocopter GmbH (Germany), A³ by Airbus (US), Aurora Flight Sciences (US), TERRAFUGIA (US), Bell Textron Inc. (US), Kitty Hawk (US), Lilium GmbH (Germany), Uber Technologies Inc. (US), EmbraerX (Brazil), Workhorse (US), Karem Aircraft, Inc. (US), LIFT Aircraft Inc. (US), Neva Aerospace (UK), Opener (Canada), OXIS Energy Ltd (UK), Workhorse (US), Karem Aircraft, Inc. (US)

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