PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515563
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1515563
Vertiports Market size was valued at USD 425.6 Million in 2023, expanding at a CAGR of 63.50% from 2024 to 2032.
The Vertiports market is a growing market that involves the creation, construction, and operation of infrastructure for eVTOL aircraft takeoff, landing, and service. Vertiports are specially designed facilities with all necessary amenities, such as charging stations, passenger terminals, maintenance areas, and other services that support urban air mobility operations, such as air taxis and eVTOL travel. It is a market comprising vertiport construction businesses, eVTOL manufacturers, urban air mobility service providers, and regulatory authorities, all of which work together to create a robust urban air transportation ecosystem.
Vertiports Market- Market Dynamics
Increasing Advancements in eVTOL Technologies
One of the major drivers of the Vertiports Market is the growing development in eVTOL (electric Vertical Takeoff and Landing) technologies. Inventions in the continuous development of eVTOL aircraft are bringing urban air mobility to a different level with efficient, eco-friendly, and autonomous aerial transportation solutions. Such technological advancements in eVTOL aircraft enhance safety, reduce noise levels, and increase flight range, thus becoming feasible for urban air transport. Also, several eVTOL technologies are under development. Their growing demand also increases the interest in supporting infrastructure, intrinsic to vertiports. Specifically, vertiports provide landing and takeoff facilities that charge eVTOL aircraft, attend to passengers, and offer maintenance space. Integration of frontline eVTOL technologies and vertiport infrastructure is a strong enabler of seamless and sustainable urban air mobility ecosystems, propelling the growth of the Vertiports Market.
Vertiports Market- Key Insights
Our research analyst estimates that the global market will develop at a CAGR of approximately 63.50% from 2024 to 2032.
Based on Type segmentation, The vertipads sector maintains the most proportion.
Based on Location segmentation, The rooftop/elevated segment is projected to grow at the highest CAGR in the vertiports industry during the forecast period.
On the basis of region, North America was the leading revenue generator in 2023
The Global Vertiports Market is segmented on the basis of Type, Location, and Region.
The market is divided into three categories based on Type: Verti Hubs, Vertibases, and Vertipads. During the forecast period, the vertipads segment holds the biggest share. Several factors are propelling the vertipads segment forward. One key factor is the growing need for efficient and environmentally friendly transportation options, particularly in cities. Vertipads are critical platforms for vertical takeoff and landing (VTOL) aircraft, providing comfortable and quick airborne movement within cities. Furthermore, developments in VTOL technology and electric aviation are accelerating the growth of vertipads.
The market is divided into two categories based on Locations: Ground-based and Rooftop / Elevated. The rooftop/elevated category is expected to develop at the fastest CAGR in the vertiports business throughout the projection period. These vertiports provide a novel alternative for improved air mobility by leveraging existing infrastructure in highly inhabited locations. They offer a handy and space-efficient location for eVTOL operations, eliminating the need for considerable ground area. The rooftop/elevated vertiports industry is being driven by the growing need for efficient urban transportation, advances in eVTOL technology, and a scarcity of sufficient land for traditional vertiport construction.
Vertiports Market- Geographical Insights
Geographically, this market is present in North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These zones are further split based on which countries bring business. The North American region is expected to hold the greatest share of the vertiports market by 2023. Various technology breakthroughs, greater need for efficient transportation, and government assistance have all fueled the growth of vertiports in this region. North America has attracted a number of well-established aerospace corporations as well as new startups seeking to reinvent advanced air mobility.
The Asia Pacific region has the fastest-growing vertiports market, with Japan, South Korea, China, and India leading the way. These regions are witnessing fast urbanization and population growth, which has resulted in severe traffic congestion, highlighting the need for novel urban air transportation solutions. Governments and commercial corporations in Asia Pacific are investing substantially in eVTOL technologies and supporting vertiport infrastructure to address transportation difficulties and assure long-term mobility solutions. Some of the causes for the rapid expansion of the Vertiports Market in Asia Pacific include a very conducive legislative framework, improved air taxi technology, and increased interest.
In the Vertiports Market Competitive Landscape, several businesses are currently competing to build and operate vertiports for urban air mobility solutions. Aeroauto LLC, airtight GmbH, ANA HOLDINGS INC, Aeroports de Paris SA, Bayards Constructions Group, and Ferrovial S.E. are major players in creating vertiport infrastructure to meet the growing demand for air taxi services and electric vertical takeoff and landing (eVTOL) aircraft. These organizations specialize in developing and building vertiports with necessary amenities such as charging stations, passenger terminals, and maintenance spaces to ensure smooth operations of air taxi services. Understanding the competitive environment in the vertiports business can assist stakeholders in identifying strategic alliances and investment opportunities in the growing urban air mobility sector.
In June 2023, Lilium GmbH and UrbanV S.p.A have formed a cooperation to create sophisticated air transportation infrastructure, with an initial focus on Italy and the French Riviera. This alliance intends to make people's movement faster and more efficient while also supporting sustainable eVTOL routes. Furthermore, this collaboration can safely incorporate Lilium's unique jets into any of UrbanV's vertiports globally.
GLOBAL VERTIPORTS MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Aeroauto LLC
airsight GmbH
ANA HOLDINGS INC
Aeroports de Paris SA
Bayards Constructions Group
Ferrovial S.E.
Giancarlo Zema Design Group
Groupe ADP
Hanwha
Hyundai E&C
Joby Aviation, Inc.
Kookiejar of Sweden
Lilium GmbH
Mott MacDonald
Siemens AG
SITA
Skyports Limited
Skyscape Corporation
Skyway
Urban-Air Port Ltd.
UrbanV S.p.A
Varon Vehicles Corporation
Vertiko Mobility Inc.
Volatus Infrastructure & Energy Solutions
Volocopter GmbH
VPorts.
Others