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eVTOL Aircraft Market (Type - Air Taxis, Delivery Drones, and Others; Battery Type - Lithium-ion Batteries, Solid-state Batteries, and Hydrogen Fuel Cells; Lift Technology - Multirotor, Vectored Thrust, Lift Plus Cruise, and Others; Type of Propulsion - Fully Electric, Hybrid, and Electric Hydrogen; Type of MTOW - <250 Kg, 250–500 Kg, 500–1,500 Kg, and >1,500 Kg): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : June, 2021

  • Rep Id : AT00224

  • Category : Automotive, Aerospace & Defence

  • Status : Published

A recent report published by Infinium Global Research on eVTOL aircraft market provides in-depth analysis of segments and sub-segments in the global as well as regional eVTOL aircraft market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional eVTOL aircraft market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global eVTOL aircraft market. According to the report, the global eVTOL aircraft market is projected to grow from USD 350 Million in 2020 to USD 1000 Million with a CAGR of 22.2% over the forecast period of 2020-2026.


eVTOL aircraft market

 

Market Insight

A well-established aircraft manufacturer, such as Airbus, Boeing, or Bell, along with new startups have begun developing flying prototypes of electric Vertical Takeoff and Landing vehicles (eVTOL). The emerging type of air mobility vehicles for commercial use, the Federal Aviation Administration (FAA) is considering adjusting currently used certification procedures for small aircraft to include eVTOL vehicles.

 

The COVID-19 crisis could affect the eVTOLs (Electric-Vertical Take-off and Landing) industry to some extent as the investments/funding are expected to decline. On the other hand, it could see some positive response in the current crisis in form of staff and medical deliveries. Hence, proving as a strong contender for future modes of transportation, enabling the concept of urban air mobility (UAM). The tool is considered a safe and efficient emergency transmission capability. Emergency response services are considered to be the first area that eVTOL’s practical use. It may not be very economically efficient, but the societal need for such services is strong. For example, Germany's ADAC Luftrettung, which operates an emergency rescue helicopter service, is considering replacing its helicopters used for short-distance transportation with eVTOL. Again in the UAE, the Dubai Police Force is considering introducing eVTOL to ensure emergency transmission capability. Theses emergent application of eVTOL in emergency services is driving the growth of the market.

 

Furthermore, the growing development for battery and motor technologies as well as technology advancements for reducing aircraft weight with carbon fiber composite materials is boosting the market growth. In addition, the noise level of eVTOL is expected to be approximately one-fourth that of existing helicopters due to the electrification of the aircraft’s lift and thrust. This is an important factor for public acceptance of eVTOL as air mobility. A low noise would make it more feasible for flying in densely populated areas and at low altitudes. However, the lack of city infrastructure and required certification for the eVTOL is affecting the growth of the market. Additionally, government efforts to improve the value of urban areas by adopting new transportation systems are contributing to the growth of the market. Moreover, the rapid participation of private companies in the development of eVot aircraft will provide a significant growth opportunity for the market.

 

The Asia Pacific holds the largest market share in the eVTOL aircraft market. The market growth in this region can be attributed to increased investments by leading eVTOL manufacturers to develop urban air mobility for commercial applications. Furthermore, advancements in the manufacturing capability of the region’s emerging economies will drive the market. Additionally, the increasing trend of automation and globalization in Asia Pacific countries is fueling market growth.

 

Segment Covered

The report on global eVTOL aircraft market covers segments such as type, battery type, lift technology, type of propulsion, and type of MTOW. On the basis of type, the sub-markets include air taxis, delivery drones, and others. On the basis of battery type, the sub-markets include lithium-ion batteries, solid-state batteries, and hydrogen fuel cells. On the basis of lift technology, the sub-markets include multirotor, vectored thrust, lift plus cruise, and others. On the basis of type of propulsion, the sub-markets include fully electric, hybrid, and electric hydrogen. On the basis of type of mtow, the sub-markets include <250 kg, 250–500 kg, 500–1,500 kg, and >1,500 kg.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Aurora Flight Sciences, Airbus SE, Lilium Embraer, Volocopter, Pipistrel, Bell Helicopter, Neva Aerospace, Kitty Hawk, Joby Aviation, and Karem Aircraft.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of eVTOL aircraft market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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