Global EVTOL Aircraft Market By Lift Technology (Vectored Thrust, Multirotor, Lift plus Cruise), By Propulsion Type (Fully Electric, Hybrid Electric, Hydrogen Electric), By System (Batteries & Cells, Electric Motor/Engine, Aerostructures, Avionics, Software and Others), By 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 and Others), By Mode of Operation (Autonomous and Piloted) and 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, Europe, Asia Pacific, Latin America, and Middle East and America – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data and Forecasts 2022 – 2030

Global EVTOL Aircraft Market Overview

The demand of EVTOL Aircraft market is growing primarily due to rise in the urban population coupled with traffic congestion and growing demand of utility applications. EVTOL aircraft is typically used to improve patient outcomes in emergency response situations is the most progressive application of the technology that is achievable in upcoming years. The major benefit of eVTOL aircraft in the utility sector is their low operational complexity and operational costs than helicopters. Leading technological companies in a variety of countries have begun to work on air taxi projects such as EVTOL Aircraft. 
The demand for EVTOL Aircraft is anticipated to grow due to an increase in passenger transport activities across the globe and rising focus of government on advanced air mobility. Furthermore, EVTOLs are the most efficient and safe way of transport in the natural disasters scenarios. This can include rescuing and transporting hurricane or earthquake victims to volcano evacuations. However, high investment for infrastructure and strict safety requirements from aviation authority can hamper the growth of EVTOL Aircraft market.

Market Size

According to Business Intelligence Insights "Global EVTOL Aircraft Market is expected to grow from USD 8.20 billion in 2021 to USD 24.9 billion by 2030, at a CAGR of 14.90% during the forecast period 2022-2030

Market Dynamics

·    Drivers
o    Increased in passenger transport activities across the globe 
o    Rising focus of government on advanced air mobility 

·    Restraints
o    High investment for infrastructure

Segmentation Insights

By Propulsion Type

Hydrogen electric category dominated the market with more than 34.67 % of the market share

In 2021, the market for EVTOL aircraft was dominated by hydrogen electric segment primarily due to the increased demand for green technology followed by low cost investment. For example; Hyundai Company is working on hydrogen fuel cell technology to develop a long range eVTOL aircraft. Additionally, hydrogen fuel cells can offer future eVTOL aircraft with clean and sustainable energy

 

By System

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. By using software system, designers can easily understand how the aeroacoustics of air taxis and their rotors generate noise and how sound propagates to the cabin interior. Additionally, designers can know what blade designs provide the highest amount of lift at the lowest cost.

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)

Key Players

List of Key Players in the Global EVTOL Aircraft Market:

• 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

Regional Insights

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

North America is acquired the largest share in EVTOL Aircraft market owing to the widespread leading OEMs, rapid development of technology by aviation industry and increased focus of government towards air mobility technologies. For example; Uber’s target date of 2023 to begin commercial operations in three test cities Los Angeles, California and Texas of electric vertical takeoff and landing (eVTOL) aircraft which will available for passenger transportation by using an app to schedule a flight.

Table

Report Attributes	Details
Market Size Value in 2021	USD 8.20 billion
Market Size Value in 2030	USD 24.9 billion
Growth Rate	+14.90 %
Base Year	2021
Forecast Period	2021-2030
Historical Data	2018-2020
Forecast Units	(USD Billion)
Countries Covered	North America: U.S and Canada Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific Latin America: Brazil, Mexico Middle East And Africa: Saudi Arab, South Africa, UAE
Segments Covered	By Lift Technology, By Propulsion Type By System, By Mode of Application, By Mode of Operation, By MTOW, By Range, By Region

 

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