eVTOL Aircraft Market - Trends Forecast Till 2028

eVTOL Aircraft Market, By Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise), MTOW (<250 KG, 250 – 500 KG, 500 – 1500 KG, >1500 KG), Application, Mode of Operation, Type of Propulsion, Range and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa and South America)

Published Date: March, 2021

Base Year Estimate: 2020

Report ID: D-AD-EAM-114

Format:  

Number of Pages: 219

Domain: Aerospace & Defense

eVTOL Aircraft Market – Trends Forecast Till 2028

Global eVTOL Aircraft Market is anticipated to reach USD 136 million in 2021 growing at a CAGR of 18% during the forecasting period, 2021-2028. 

Electric vertical takeoff and landing (eVTOL) aircraft are the new range of air transportation. It uses electrical power to hover, take off, and vertical landing. It is used for urban air mobility, military use as an aerial vehicle. These aircraft are the future of transportation they not only save time but can also be used for emergencies.

Increasing traffic congestion in urban areas along with the requirement of fast traveling are some of the factors that have supported long-term expansion for the eVTOL aircraft industry. 

The global eVTOL Aircraft Market is segmented into Lift technology, MTOW, Application, Mode of Operation, Type of Propulsion, Range, and geography.

Lift technology is segmented into Vectored Thrust, Multirotor, Lift Plus Cruis

MTOW segment is segmented into <250 KG, 250 – 500 KG, 500 – 1500 KG, >1500 KG

Geographically, global eVTOL Aircraft Market is sub-segmented into North America, Europe, Asia-Pacific, Middle East, and Africa, and South America, and insights are provided for each region and major countries within the regions

Key players in global eVTOL Aircraft Market are  Kitty Hawk (US), Lilium (Germany), EHang (China), Volocopter (Germany), Bell Helicopter (US), and A3 by Airbus (US)  among others. 

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, a conference like Jefferies conference)—to identify and collect information useful for this study of the Global eVTOL Aircraft Market. The purpose of secondary research was to identify and collection of extensive, technical, market-oriented, and commercial study the global eVTOL Aircraft Market. Through secondary, the market is classified and segmented as per of industry trend, development, regional market. Product and technology development. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess prospects. The following figure depicts the market research methodology used in drafting this report on the Global eVTOL Aircraft Market.

The primary Respondent breakdown is given below:

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the Global eVTOL Aircraft Market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data we contact the primary respondent to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants 

Reasons to Acquire

  • Increase your understanding of the market for identifying the suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for the Global eVTOL Aircraft Market to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Market Revenue In 2021

USD 136 million

Growth Rate

CAGR of 18% during the forecasting period, 2021-2028

Historical Data

2018-2019

Forecast Years

2021-2028

Base Year 

2020

Units Considered

Revenue in USD million and CAGR from 2021 to 2028

Report Segmentation

Lift technology, MTOW, Application, Mode of Operation, Type of Propulsion, Range, and geography.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Kitty Hawk (US), Lilium (Germany), EHang (China), Volocopter (Germany), Bell Helicopter (US), and A3 by Airbus (US)

Available Customization 

In addition to the market data for the Global eVTOL Aircraft Market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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