As per Business Intelligence Insights (BII) study, the Global EVTOL Aircraft Market attained revenue growth of USD 8.20 billion in 2021 and it is projected to reach around USD 24.9 billion by 2030, growing at a 14.90% CAGR.

The growth of the global eVTOL aircraft market is mainly attributed to the increasing demand for environmentally friendly aviation technology and growing transportation congestion. eVTOL represents an excellent alternative to traditional aviation. eVTOL aircraft combines safety, sustainability, low noise and a low-maintenance infrastructure while providing the same advantages as normal aircraft. Now days, the eVTOL aircraft can be more cost effective as compared to a helicopter.

With a rising population in urban areas and high investment on advanced mobility by government is another driving factor for EVTOL Aircraft market growth. New advances in electric propulsion and autonomous flight technology will enable this fast growing market to become a reality. From the last few years in aviation history, the industry is more aware of the impact of aviation on the environment. With an expected increase in air transport traffic of 5% yearly, the government is increasingly taking efforts to reduce emissions.

Global EVTOL Aircraft Market: Companies Mentioned

• The Boeing Company (Aurora Flight Sciences)
• Airbus SE
• Embraer S.A.
• Volocopter GmbH
• EHang Holdings Ltd
• Pipistrel d.o.o Ajdovš?ina
• Moog, Inc.
• Bell Textron Inc.
• Karem Aircraft, Inc.
• Neva Aerospace
• Kitty Hawk Corporation
• Opener Inc.
• Lift Aircraft
• Joby Aviation
• Lilium GmbH
• SkyDrive Inc.
• Others

Key Highlights of the Report

•    Hydrogen electric category dominated the market with more than 30% of the market share. Hydrogen Electric segment is likely to grow at the highest CAGR rate for the eVTOL aircraft market. A hydrogen eVTOL (H2eVTOL) derives its electrical power from hydrogen PEMFC (Polymer Electrolyte Membrane fuel cell). Electric power systems provide an extended range for eVTOL aircraft and enable logistics to support the operations without requiring separate charging stations.

•    Software category dominated the market with more than 21.75 % of the market share. In terms of system segment, the software segment is projected to witness the highest CAGR during the forecast period. Technological companies are continuously invested in and deploy new aviation software & technologies that enhance operational efficiency, improve aircraft reliability, and increase safety. Aviation software automates the process of daily repairs and maintenance of aircraft equipment. It is capable of producing invoices, managing inventory and work process. This software is used by multiple companies.

•    North America dominated the market with more than 38 % of the market share. North America is contributed the largest share in EVTOL Aircraft market primarily due to presence of leading aviation companies and increasing military applications to provide significant enhancement in mission success rate. U.S. aviation industry is committed to growing greener technology such as eVTOL aircraft and meeting sustainability goals to protect the Earth and build a brighter future for next generations. The expansion of the eVTOL ecosystem industry can build a new North American easily generate additional tax revenue. 

•    The report contains qualitative and quantitative research on the global EVTOL Aircraft Market, as well as detailed insights and development strategies employed by the leading competitors. The report also provides in-depth analysis of the market's main competitors, as well as information on their competitiveness. The research also identifies and analyses important business strategies used by these main market players, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study examines, among other things, each company's global presence, competitors, service offers, and standards.

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Revenue-generating Segment Highlights

By Lift Technology
•  Vectored Thrust
•  Multirotor
•  Lift plus Cruise

By Propulsion Type
•  Fully Electric
•  Hybrid Electric
•  Hydrogen Electric Sports nutrition

By System
•  Batteries & Cells
•  Electric Motor/Engine
•  Aerostructures
•  Avionics
•  Software 
•  Others

By Mode of Application
•  Air Taxis
•  Air Shuttles & Air Metro
•  Private Transport
•  Cargo Transport
•  Air Ambulance & Medical Emergency
•  Last Mile Delivery
•  Inspection & Monitoring
•  Surveying & Mapping
•  Surveillance
•  Special Mission 
•  Others 

By Mode of Operation 
•  Autonomous 
•  Piloted 

By MTOW 
•  100 kg
•  100–1000 kg
•  1,000–2,000 kg
•  >2,000 kg

 By Range
•   <= 200 km
•   > 200 km)

By Region
•  North America
o  U.S.
o  Canada
•  Europe 
o  Germany
o  U.K.
o  France
o  Italy
o  Spain
o  Rest of Europe
•  Asia Pacific 
o  China
o  India
o  Japan
o  Rest of Asia Pacific
•  Latin America 
o  Brazil
o  Mexico
o  Rest of Latin America
•  Middle East and Africa 
o  UAE
o  South Africa
o  Rest of Middle East and Africa (MEA)
 

Ready to generate outstanding revenue opportunities with Business Intelligence Insights (BII)’ exclusive EVTOL Aircraft market study. Highlights of the overall market will be included in the research, as well as frequently asked questions such as –

•  What are the historical and projected revenue figures, as well as the CAGR, for the forecast period?
•  What is the current trend taking place in the market space?
•  What are the business techniques that will influence competitive scenarios as well as the market's growth potential?
•  What market drivers, restraints, and challenges are influencing market demand and growth?
•  In the approaching years, which regions and segments will generate significant revenue and emerge as industry leaders?
 

The EVTOL Aircraft Market report's competitive scenario examines, assesses, and positions firms based on a variety of performance characteristics. The financial performance of organizations over the last few years, growth plans, product innovations, new product launches, investments, market share growth, and so on are some of the elements analysed in this research. Don't wait any longer; take a comprehensive approach and achieve your business objectives with our EVTOL Aircraf Market Forecast Report 2022- 2030 - Order Now!

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• Hydrogen electric category dominated the market with more than 30% of the market share.

Hydrogen Electric segment is likely to grow at the highest CAGR rate for the eVTOL aircraft market. A hydrogen eVTOL (H2eVTOL) derives its electrical power from hydrogen PEMFC (Polymer Electrolyte Membrane fuel cell). Electric power systems provide an extended range for eVTOL aircraft and enable logistics to support the operations without requiring separate charging stations.

• Software category dominated the market with more than 21.75 % of the market share.

In terms of system segment, the software segment is projected to witness the highest CAGR during the forecast period. Technological companies are continuously invested in and deploy new aviation software & technologies that enhance operational efficiency, improve aircraft reliability, and increase safety. Aviation software automates the process of daily repairs and maintenance of aircraft equipment. It is capable of producing invoices, managing inventory and work process. This software is used by multiple companies.

• North America dominated the market with more than 38 % of the market share.

North America is contributed the largest share in EVTOL Aircraft market primarily due to presence of leading aviation companies and increasing military applications to provide significant enhancement in mission success rate. U.S. aviation industry is committed to growing greener technology such as eVTOL aircraft and meeting sustainability goals to protect the Earth and build a brighter future for next generations. The expansion of the eVTOL ecosystem industry can build a new North American leading industry with long term growth potential as well as                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  easily generate additional tax revenue.