Global eVTOL Aircraft Market worth $23.4 Billion by 2030

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RESOURCE CENTER ABOUT MNM HOME (/) PRESS
RELEASES (/PRESS-RELEASE-2.HTML) eVTOL Aircraft
Industry worth 23.4 Billion by 2030 GLOBAL TOP
2000 STRATEGIST RELY ON US FOR THEIR GROWTH
STRATEGIES. KNeOWVTMOORLE A(i/rKcnorwalefdtgeIsnto
dre.uassp)try worth 23.4 Billion by 2030 VIEW
FULL TABLE OF CONTENTS (HTTPS//WWW.MARKETSANDMARK
ETS.COM/MARKET-REPORTS/EVTOL- AIRCRAFT-MARKET-280
54110.HTML) METHODOLOGY (HTTPS//WWW.MARKETSANDMA
RKETS.COM/MARKET-REPORTS/EVTOL-AIRCRAFT-
MARKET-28054110.HTML) DOWNLOAD PDF
(/PDFDOWNLOADNEW.ASP?ID28054110) The report
"eVTOL Aircraft Market (https//www.marketsandmark
ets.com/Market-Reports/evtol- aircraft-market-280
54110.html) by Lift Technology, Propulsion Type,
System (Batteries Cells, Electric
Motors/Engine, Aerostructures, Avionics,
Software), Mode of Operation, Application, Mtow,
Range and Region - Global Forecast to 2030" The
eVTOL aircraft market size is projected to grow
from an estimated USD 1.2 Billion in 2023 to USD
23.4 Billion by 2030, at a CAGR of 52.0 during
the forecast period. This growth can be
attributed to the increasing aircraft demand and
advancements in traditional aircraft. Browse 201
market data Tables and 48 Figures spread through
226 Pages and in-depth TOC on "eVTOL Aircraft
Market by Lift Technology, Propulsion Type,
System (Batteries Cells, Electric
Motors/Engine, Aerostructures, Avionics,
Software), Mode of Operation, Application, Mtow,
Range and Region - Global Forecast to 2030
" View detailed Table of Content here -
https//www.marketsandmarkets.com/Market-Reports/e
vtol-aircraft- market-28054110.html
(https//www.marketsandmarkets.com/Market-Reports/
evtol-aircraft-market- 28054110.html) The lift
plus cruise technology segment is projected to
grow at the highest CAGR during the forecast
period. Based on technology, the eVTOL aircraft
market has been segmented into the vectored
thrust, multirotor, and lift plus thrust
segments. The vector thrust concept encompasses
the utilization of independent motor or
propeller control, enabling the generation of
thrust in various directions. This capability
grants vector thrust eVTOLs the ability to alter
their orientation, execute hovering maneuvers,
seamlessly transition between vertical and
horizontal flight, and perform agile maneuvers
through the deliberate adjustment of motor thrust
outputs. The lift plus cruise segment is
estimated to lead the market during the forecast
period, with a
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aircraft by propulsion segment accounts for the
largest market size during VTOL aircraft market
is segmented into fully electric, hybrid, and
electric h(/)ydrogen. Ways of propulsion were
taken into consideration to define these
segments. eVTOL aircrafts having fully electric
propulsion and eVTOL aircrafts having hybrid and
electric hydrogen propulsion are taken
The fully electric eVTOL the forecast
period. Based on propulsion, the e
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into consideration and differentiated based on
their propulsion as these propulsions are seen to
be in
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demand during the forecast period. The fully
electric eVTOL aircraft segment is estimated to
account for the largest share of the eVTOL
aircraft market in 2023. aircraft.
The autonomous segment accounts for the largest
market size during the forecast period. Based on
the mode of operation, the eVTOL aircraft market
is segmented into autonomous and piloted. The
autonomous segment accounted for the largest
share of the eVTOL aircraft market in 2023. The
piloted aircraft are based on matured
technologies and are more reliable as compared to
autonomous aircrafts that are under development.
Piloted eVTOL aircraft are getting replaced by
fully autonomous aerial vehicles in various
civil commercial applications as the latter
will have higher payload capacity, increased
propulsion power, no human intervention, and
increased safety technologies such as detect and
avoid and GPS-denied technology. Europe is
projected to grow at the highest CAGR during the
forecast period. Europe is projected to be the
fastest-growing region in the eVTOL aircraft
market during the forecast period. The eVTOL
area is seeing tremendous growth in air travel
owing to rising disposable incomes and a
burgeoning middle class. As a result, the number
of commercial aircraft operating in the region
has increased, creating demand for eVTOL
aircraft. Europe seemed to be a prominent eVTOL
aircraft market. Increasing military upgrades,
such as the purchase of unmanned aerial vehicles,
and innovative technologies, such as hybrid
aircraft, which can take off with vertical flight
operations, are expected to drive the eVTOL
aircraft market in Europe during the forecast
period. Major players operating in the eVTOL
aircraft market include Airbus SE (Netherlands),
Elbit Systems Ltd. (Israel), Bell Textron, Inc.
(US), Ehang Holdings Ltd. (China), Embraer SA
(Brazil), Israel Aerospace Industries (Israel),
Pipistrel (Slovenia), Elroy Air(US), Lilium
Gmbh(Germany), Joby Aviation, Inc (US), Archer
Aviation Inc.(US), Volocopter Gmbh(Germany), SZ
DJI Technology Co., Ltd(Gmbh), Aurora Flight
Sciences (US), Urban Aeronautics Ltd(UK) among
others. These key players offer ultralight and
light aircraft across regions and have
well-equipped and strong distribution networks
across the North American, European, Asia
Pacific, Latin American, Middle East, and African
regions. Dont miss out on business opportunities
in eVTOL Aircraft Market. Speak to our analyst
and gain crucial industry insights that will
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