eVTOL Aircraft Market Analysis, Segmentation, Competitors Analysis, Trends and Forecast to 2030

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eVTOL Aircraft Market Analysis, Segmentation,
Competitors Analysis, Trends and Forecast to
2030
The report "eVTOL Aircraft Market by Lift
Technology (Vectored Thrust, Multirotor, Lift
plus Cruise), Propulsion Type (Fully
Electric, Hybrid Electric, Hydrogen
Electric), System, Range, MTOW, Mode of
Operation, Application, and Region-Forecast to
2030" The global market for eVTOL aircraft is
estimated to be USD 8.5 billion in 2021 and is
projected to reach USD 30.8 billion by 2030, at a
CAGR of 15.3 during the forecast period. The
growth of this market is mainly driven by
the growing need for green energy and
noise-free aircraft and the increasing use of
for cargo increasing alternative
eVTOL aircraft applications and demand for an
mode of transport.
Browse 201 market data Tables and 46 Figures
spread through 233 Pages and in-depth TOC on
"eVTOL Aircraft Market Global Forecast to
2030" Download PDF Brochure _at_ https//www.marketsa
ndmarkets.com/pdfdownloadNew.asp?id28054110 Key
Market Players The major players in the eVTOL
aircraft market include Airbus SE (Netherlands),
Bell Textron Inc. (US), Embraer SA (Brazil),
EHang Holdings Ltd (China), and Elbit
Systems Ltd. (Israel), These players have
spread their business across various
countries includes North America, Europe, Asia
Pacific, Middle East, Africa, and Latin America.
COVID-19 has impacted their businesses as
well. The sudden outbreak of the COVID-19 has
taken a toll on various industrial sectors, with
aviation being one of the worst affected.
However, the eVTOL aircraft market did not seem
to have been impacted by the pandemic as much as
the aviation industry as a whole. Electric UAVs
were widely used by militaries for a variety of
missions like border security, while governments
and law enforcement agencies used them on an
experimental basis.
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Civil commercial applications of eVTOL aircraft
include transportation of medical supplies by
companies like Zipline and mostly for aerial
photography. Retail and other logistics companies
are increasingly looking towards the usage of
electric UAVs to distribute essential items due
to intermittent lockdowns and the imposition of
social distancing protocols worldwide. In the US,
companies like Amazon and USP have already scaled
up their usage of electric drones for their
deliveries. Electric drones are also witnessing
an increased application in Africa, as they are
being used as the art of EMS services to supply
medicines and amenities as well as transport
organs and blood across cities. These factors
have helped the eVTOL aircraft market to sustain
the overall impact of the COVID-19 pandemic on
the global economy. Short range operations is
expected to fuel the growth of the multirotor
eVTOL aircraft market during the forecast
period. The multirotor segment is estimated to
lead the market during the forecast period, with
a share of 79 in 2021. Multirotors are
increasingly used in an array of
applications, from passenger transport, emergency
services to recreational activities like aerial
photography. The lift plus cruise segment is
expected to grow at the highest rate during the
forecast period as leading manufacturers in the
eVTOL market are adopting the lift plus cruise
technology as it is less complex and enables
long-range travel with stability. The
hydrogen-electric segment is projected to witness
the highest CAGR during the forecast
period. Based on propulsion type, the
hydrogen-electric segment is projected to be the
highest CAGR rate for the eVTOL aircraft market
during the forecast period. Hydrogen fuel cells
are an alternative power source for eVTOL.
Generating electricity from hydrogen and oxygen
fuel cells is vibration-free and is low on
maintenance. Fuel cells can offer energy storage
and faster refueling, giving them the potential
to substitute electric batteries. The software
segment is projected to witness the highest
CAGR during the forecast period. Based on the
system, the software segment is projected to grow
at the highest CAGR rate for the eVTOL
aircraft market during the forecast period.
Aviation software produces insights that enable
users to enhance operator safety and efficiency,
reduce operational disruptions, improve passenger
experience, and make decisions better regarding
real-time fleet health. Advanced software
systems are required to run complicated
systems of urban air mobility aircraft. The
piloted segment is projected to witness the
highest CAGR during the forecast period
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Based on the mode of operation, the piloted
segment is projected to grow at the highest CAGR
rate for the eVTOL aircraft market during the
forecast period. Large deployment in civil
applications, including air taxi and ems
services, will drive this segment. Most of the
civil eVTOL aircraft are designed for urban air
mobility, air taxis, medical assistance, and
personnel passenger transportation. The last-mile
delivery segment is projected to witness the
highest CAGR during the forecast period Based on
application, the last mile delivery segment is
projected to grow at the highest CAGR rate for
the eVTOL aircraft market during the forecast
period. The demand for autonomous last-mile
delivery is skyrocketing with the rising adoption
of autonomous vehicles for the delivery of
products without any human intervention. The
100-1,000 kg segment is projected to witness the
highest CAGR during the forecast period Based on
MTOW, the 100-1,000 kg segment is projected to
grow at the highest CAGR rate for the eVTOL
aircraft market during the forecast period. eVTOL
aircraft with an MTOW of 100 -1,000 kg are
used for intercity travel of passengers and
cargo transportation. The payload that these
eVTOL aircraft carry is less than 200 kg. Thus,
these aircraft are preferably used for cargo
transportation. The gt200 km segment is projected
to witness the highest CAGR during the forecast
period Based on range, the gt200 km segment is
projected to grow at the highest CAGR rate for
the eVTOL aircraft market during the forecast
period. eVTOL aircraft with a range of gt200 km
have higher battery capacity. Some of the
applications of this aircraft include last mile
delivery, air taxis, and private transport. The
North American market is projected to contribute
the largest share from 2021 to 2026 eVTOL
aircraft market in North America is projected to
hold the highest market share during the forecast
period. North America accounted for the largest
share of 34.5 of the eVTOL aircraft market and
is expected to grow at a CAGR of 17.0 during the
forecast period. The US has the largest
UAV fleet used in military and civil
applications. Early adoption of eVTOL aircraft
for urban air mobility is also being witnessed in
the US. These factors are expected to drive the
market in North America. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id28054110
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