eVTOL Aircraft Market expected to reach $411 million by 2030, at a CAGR of 20.42%, over 2025–2030 - PowerPoint PPT Presentation

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eVTOL Aircraft Market expected to reach $411 million by 2030, at a CAGR of 20.42%, over 2025–2030

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eVTOL Aircraft Market by Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise), MTOW (1500 KG), Application, Mode of Operation, Type of Propulsion, Range, and Region - Global Forecast to 2030 – PowerPoint PPT presentation

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Title: eVTOL Aircraft Market expected to reach $411 million by 2030, at a CAGR of 20.42%, over 2025–2030


1
eVTOL Aircraft Market expected to
reach 411 million by 2030, at a CAGR
of 20.42, over 20252030
This report provides an analysis of the eVTOL
Aircraft Market for the next twelve
years. It discusses industry and
technological
trends prevailing
that in
are the factors
currently market.
It and
analyses restraining
driving
the growth of this market, as well as the
challenges faced by it. The market is estimated
to be USD
162
million
in
2025
and
is projected to reach USD 411 million by
2030, at a CAGR of
20.42 period.
during
the
forecast
Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id28054110
Key factors fueling the growth of this market
include increasing demand for enhanced operational
efficiency, reduced human intervention, and an
increase in investment activities around the
world. Also, initiatives being undertaken by the
governments of various regions to support urban
air mobility for establishing smart cities have
led to a demand for eVTOL aircraft in urban
megacities. For instance, in 2018, the
European Commission partnered with the European
Innovation Partnership in Smart Cities
and Communities to establish infrastructures that
support air mobility and small-scale aircraft
operations in the urban areas of Europe.
Based on lift technology, the eVTOL aircraft
market has been segmented into vectored thrust,
multirotor, and lift plus cruise. The vectored
thrust segment is projected to grow at the
highest CAGR during the forecast period. The
increasing demand for air taxi for intercity and
intracity transportation at a lesser cost than
conventional aircraft is one of the major factors
driving the growth of this segment. In September
2017, Lilium developed a five-seat flying taxi
with the vectored-thrust lift technology, worth
USD 90 million, which is capable of a vertical
take-off and jet-powered flight.
2
Based on mode of operation, the market has been
segmented into optionally piloted and piloted.
The autonomous segment is projected to grow at a
higher CAGR during the
forecast
period.
The demand for autonomous
eVTOLs
for
commercial applications, such as air
taxi,
personal transportation, and cargo delivery
within a shorter time span has enhanced the
growth of this segment.
Based market
on range, has
the been
segmented
into
0
200 kilometers and 200500 kilometers. The
0200 kilometers segment is projected to witness
a higher growth rate during the forecast period.
eVTOLs with on-demand service will be ideal for
intracity and intercity air transportation for
passengers and cargo owing to their capability of
the point-to-point drop. This efficiency is
expected to lead to their higher demand
during the forecast years.
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.asp?id28054110
Based on application, the market has been
classified into commercial, military, and cargo.
The commercial segment is anticipated to witness
the highest growth rate during the forecast
period. The rise in urban population and their
increasing disposable incomes are expected to
boost the growth of this segment.
Based on type of propulsion, the eVTOL aircraft
market has been divided into electric battery,
electric hybrid, and electric hydrogen. The
electric battery segment is expected to witness
the highest growth rate during the forecast
period. In December 2018, LIFT Aircraft (US)
publicly announced Hexa, its electric battery
single seater eVTOL aircraft aimed for
short-distance commutes. With rising fuel
emissions, which are adversely affecting the
environment, vendors in the eVTOL aircraft market
will be focusing on electric battery segment to
increase their market share.
Based on Maximum Take-off Weight (MTOW), the
market has been segmented into lt250 kilograms,
250500 kilograms, 5001,500 kilograms, and
gt1,500 kilograms. The lt250 kilograms segment is
projected to witness the highest growth rate
during the forecast period. With countries such
as the US and China approving the operations
of aircraft with MTOW lt250 kilograms for
commercial aviation, the manufacturers of eVTOL
aircraft will be focusing on this segment to
increase their market share.
Key Market Players
Some of the key players profiled in the eVTOL
aircraft market report include Kitty Hawk
(US), Lilium (Germany), EHang (China), Volocopter
(Germany), Bell Helicopter (US), and
3
A3 by Airbus (US). Partnerships, expansions, and
new product launches were key
strategies adopted by these players to achieve
growth in the market. These strategies
accounted for the major share of the total growth
strategies adopted by the leading
players in 2018.
Dont miss out on business opportunities in eVTOL
Aircraft Market. Speak to our
analyst and gain crucial industry insights that
will help your business grow.
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