eVTOL Aircraft Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the worldwide eVTOL (electric Vertical Takeoff and Landing) aircraft market. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

eVTOL Aircraft Market Size (2024E): USD 410.31 Million
Projected Market Value (2033F): USD 2,367.50 Million
Global Market Growth Rate (CAGR 2024 to 2033):21.5%

eVTOL Aircraft Market - Report Scope:

eVTOL aircraft represent a revolutionary advancement in urban air mobility, offering a sustainable and efficient solution for transportation within cities. These aircraft are designed to take off and land vertically using electric power, reducing noise pollution and enabling new forms of urban transport. The eVTOL market encompasses various vehicle types, including hovercraft, quadcopters, and fixed-wing designs, each catering to different operational needs and passenger capacities. The market is driven by the need for reduced traffic congestion, advancements in electric propulsion technology, and supportive regulatory frameworks.

Market Growth Drivers:

The global eVTOL aircraft market is propelled by several key factors, including the increasing demand for efficient urban transportation solutions and advancements in electric propulsion technologies. Growing investments from both private and public sectors in the development of eVTOL prototypes and infrastructure are fostering market expansion. The need for reduced urban congestion and environmental impact is driving the adoption of eVTOL aircraft, with numerous pilot projects and trials demonstrating their feasibility. Additionally, advancements in battery technology and autonomous flight systems are enhancing the performance and reliability of eVTOL aircraft, further stimulating market growth.

Market Restraints:

Despite promising growth prospects, the eVTOL aircraft market faces challenges related to regulatory hurdles, high development costs, and public acceptance. The development and certification of eVTOL aircraft involve complex regulatory processes, requiring compliance with aviation standards and safety protocols. High initial investment and development costs for eVTOL technology pose challenges for manufacturers and investors, impacting market entry and scalability. Furthermore, addressing public concerns regarding safety, noise, and integration with existing air traffic management systems is crucial for market acceptance and widespread adoption.

Market Opportunities:

The eVTOL aircraft market presents significant growth opportunities driven by technological innovations, urban planning initiatives, and evolving transportation models. The integration of smart city infrastructure and dedicated eVTOL landing zones creates new avenues for market growth. Moreover, the potential application of eVTOL aircraft for emergency services, cargo transport, and intercity travel broadens the market scope and stimulates innovation. Strategic partnerships between aerospace companies, technology providers, and urban planners are essential to capitalize on emerging opportunities and drive market advancement.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the eVTOL aircraft market globally?
Which eVTOL aircraft types and applications are gaining traction in different regions?
How are technological advancements reshaping the competitive landscape of the eVTOL market?
Who are the key players contributing to the eVTOL aircraft market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global eVTOL aircraft market?

Competitive Intelligence and Business Strategy:

Leading players in the global eVTOL aircraft market, including Joby Aviation, Archer Aviation, and Vertical Aerospace, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced eVTOL designs, battery technologies, and autonomous flight systems, catering to diverse transportation needs and regulatory requirements. Collaborations with aerospace manufacturers, urban planners, and technology firms facilitate market access and promote technology adoption. Additionally, emphasis on safety, performance, and customer experience fosters market growth and enhances the commercial viability of eVTOL aircraft.

Key Companies Profiled:

Joby Aviation
Archer Aviation
Vertical Aerospace
Lilium
Aeromobil
Volocopter
Urban Aeronautics
Vertical Aerospace
Terrafugia
Hoversurf

Key Segments Covered in EVTOL Aircraft Industry Research

By Lift Technology:

Vectored Thrust
Multirotor & Rotorcraft
Lift Plus Cruise

By Product Type:

Fully Electric
Hybrid

By Operation Type:

Piloted
UAV/Pilotless

By MTOW:

Light (<250 Kg)
Medium (250-1000 Kg)
Heavy (>1000 Kg)

By End Use:

Civil & Commercial
Military & Security

By Region:

North America
Latin America
Europe
East Asia
South Asia & Pacific
Middle East & Africa

Product Code: PMRREP28333

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Trends
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Market Demand Analysis and Forecast, 2024-2033

5.1. Current and Future Market Volume (units) Projections, 2024-2033

6. Global Market - Pricing Analysis

6.1. Regional Pricing Analysis By Lift Technology
6.2. Global Average Pricing Analysis Benchmark

7. Global Market Demand (US$ Mn) Analysis and Forecast, 2024-2033

7.1. Current and Future Market Value (US$ Mn) Projections, 2024-2033

8. Market Background

8.1. Macro-Economic Factors
8.2. Forecast Factors - Relevance & Impact
8.3. Value Chain & Supply Chain Overview
- 8.3.1. Manufacturers
- 8.3.2. Key Technology Providers
- 8.3.3. Key Commercial Air Taxi Service Providers
8.4. Comparative Analysis of Motion Efficiency of Automobile vs VTOL
8.5. Certification Analysis Over The Next Decade
8.6. TOP 10 Countries With Most EVTOL Related Family Patents
8.7. Breakdown Of Total Cost For One EVTOL Aircraft
8.8. EVTOL Aircraft Comparison By Lift Technology
8.9. Electric vs Conventional Aircraft and Comparison of UAM vs Taxi, Bus, Ridesharing
8.10. Comparison of Helicopter Vs EVTOL By Specifications
8.11. Economies of scale - Pricing Analysis of EVTOL
8.12. Price Comparison With Other Modes of Transportation
8.13. EVTOL Models Development and Commercialization Timeline
8.14. Overview of Regulations & Certification Requirements
8.15. COVID-19 Impact
- 8.15.1. Introduction
- 8.15.2. Impact by Market Taxonomy
- 8.15.3. Recovery Scenarios
- 8.15.4. Long Term Impact Outlook
8.16. Market Dynamics
- 8.16.1. Drivers
- 8.16.2. Restraints
- 8.16.3. Opportunity Analysis

9. Global Market Analysis and Forecast 2024-2033, by Lift Technology

9.1. Introduction / Key Findings
9.2. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Lift Technology, 2024-2033
- 9.2.1. Vectored Thrust
- 9.2.2. Multirotor & Rotorcraft
- 9.2.3. Lift Plus Cruise
9.3. Market Attractiveness Analysis By Lift Technology

10. Global Market Analysis and Forecast 2024-2033, by Product Type

10.1. Introduction / Key Findings
10.2. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2024-2033
- 10.2.1. Full Electric
- 10.2.2. Hybrid
10.3. Market Attractiveness Analysis By Product Type

11. Global Market Analysis and Forecast 2024-2033, by Operation Type

11.1. Introduction / Key Findings
11.2. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Operation Type, 2024-2033
- 11.2.1. Piloted
- 11.2.2. UAV/Pilotless
11.3. Market Attractiveness Analysis By Operation Type

12. Global Market Analysis and Forecast 2024-2033, by MTOW

12.1. Introduction / Key Findings
12.2. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By MTOW, 2024-2033
- 12.2.1. Light (<250 Kg)
- 12.2.2. Medium (250-1000 Kg)
- 12.2.3. Heavy (>1000 Kg)
12.3. Market Attractiveness Analysis By MTOW

13. Global Market Analysis and Forecast 2024-2033, by End Use

13.1. Introduction / Key Findings
13.2. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By End Use, 2024-2033
- 13.2.1. Civil & Commercial
- 13.2.2. Military & Security
13.3. Market Attractiveness Analysis By End Use

14. Global Market Analysis and Forecast 2024-2033, by Region

14.1. Introduction
14.2. Current Market Size (US$ Mn) and Volume Analysis and Forecast By Region, 2024-2033
- 14.2.1. North America
- 14.2.2. Latin America
- 14.2.3. Europe
- 14.2.4. East Asia
- 14.2.5. South Asia & Pacific
- 14.2.6. Middle East & Africa
14.3. Market Attractiveness Analysis By Region

15. North America Market Analysis and Forecast 2024-2033

15.1. Introduction & Market Trends
15.2. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.2.1. By Country
  - 15.2.1.1. U.S.
  - 15.2.1.2. Canada
- 15.2.2. By Lift Technology
- 15.2.3. By Product Type
- 15.2.4. By Operation Type
- 15.2.5. By MTOW
- 15.2.6. By End Use
15.3. Market Attractiveness Analysis

16. Latin America Market Analysis and Forecast 2024-2033

16.1. Introduction & Market Trends
16.2. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.2.1. By Country
  - 16.2.1.1. Brazil
  - 16.2.1.2. Mexico
  - 16.2.1.3. Rest of Latin America
- 16.2.2. By Lift Technology
- 16.2.3. By Product Type
- 16.2.4. By Operation Type
- 16.2.5. By MTOW
- 16.2.6. By End Use
16.3. Market Attractiveness Analysis

17. Europe Market Analysis and Forecast 2024-2033

17.1. Introduction & Market Trends
17.2. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 17.2.1. By Country
  - 17.2.1.1. Germany
  - 17.2.1.2. Italy
  - 17.2.1.3. France
  - 17.2.1.4. U.K.
  - 17.2.1.5. Spain
  - 17.2.1.6. BENELUX
  - 17.2.1.7. Russia
  - 17.2.1.8. Rest of Europe
- 17.2.2. By Lift Technology
- 17.2.3. By Product Type
- 17.2.4. By Operation Type
- 17.2.5. By MTOW
- 17.2.6. By End Use
17.3. Market Attractiveness Analysis

18. East Asia Market Analysis and Forecast 2024-2033

18.1. Introduction & Market Trends
18.2. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 18.2.1. By Country
  - 18.2.1.1. China
  - 18.2.1.2. Japan
  - 18.2.1.3. South Korea
- 18.2.2. By Lift Technology
- 18.2.3. By Product Type
- 18.2.4. By Operation Type
- 18.2.5. By MTOW
- 18.2.6. By End Use
18.3. Market Attractiveness Analysis

19. South Asia & Pacific Market Analysis and Forecast 2024-2033

19.1. Introduction & Market Trends
19.2. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 19.2.1. By Country
  - 19.2.1.1. India
  - 19.2.1.2. ASEAN
  - 19.2.1.3. ANZ
  - 19.2.1.4. Rest of South Asia & Pacific
- 19.2.2. By Lift Technology
- 19.2.3. By Product Type
- 19.2.4. By Operation Type
- 19.2.5. By MTOW
- 19.2.6. By End Use
19.3. Market Attractiveness Analysis

20. Middle East and Africa Market Analysis and Forecast 2024-2033

20.1. Introduction & Market Trends
20.2. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2024-2033
- 20.2.1. By Country
  - 20.2.1.1. GCC Countries
  - 20.2.1.2. Turkey
  - 20.2.1.3. Northern Africa
  - 20.2.1.4. South Africa
  - 20.2.1.5. Rest of Middle East and Africa
- 20.2.2. By Lift Technology
- 20.2.3. By Product Type
- 20.2.4. By Operation Type
- 20.2.5. By MTOW
- 20.2.6. By End Use
20.3. Market Attractiveness Analysis

21. Country Wise Market Analysis

21.1. U.S. Market Analysis
- 21.1.1. By Lift Technology
- 21.1.2. By Product Type
- 21.1.3. By Operation Type
- 21.1.4. By MTOW
- 21.1.5. By End Use
21.2. Canada Market Analysis
- 21.2.1. By Lift Technology
- 21.2.2. By Product Type
- 21.2.3. By Operation Type
- 21.2.4. By MTOW
- 21.2.5. By End Use
21.3. Brazil Market Analysis
- 21.3.1. By Lift Technology
- 21.3.2. By Product Type
- 21.3.3. By Operation Type
- 21.3.4. By MTOW
- 21.3.5. By End Use
21.4. Mexico Market Analysis
- 21.4.1. By Lift Technology
- 21.4.2. By Product Type
- 21.4.3. By Operation Type
- 21.4.4. By MTOW
- 21.4.5. By End Use
21.5. Germany Market Analysis
- 21.5.1. By Lift Technology
- 21.5.2. By Product Type
- 21.5.3. By Operation Type
- 21.5.4. By MTOW
- 21.5.5. By End Use
21.6. Italy Market Analysis
- 21.6.1. By Lift Technology
- 21.6.2. By Product Type
- 21.6.3. By Operation Type
- 21.6.4. By MTOW
- 21.6.5. By End Use
21.7. France Market Analysis
- 21.7.1. By Lift Technology
- 21.7.2. By Product Type
- 21.7.3. By Operation Type
- 21.7.4. By MTOW
- 21.7.5. By End Use
21.8. U.K. Market Analysis
- 21.8.1. By Lift Technology
- 21.8.2. By Product Type
- 21.8.3. By Operation Type
- 21.8.4. By MTOW
- 21.8.5. By End Use
21.9. Russia Market Analysis
- 21.9.1. By Lift Technology
- 21.9.2. By Product Type
- 21.9.3. By Operation Type
- 21.9.4. By MTOW
- 21.9.5. By End Use
21.10. China Market Analysis
- 21.10.1. By Lift Technology
- 21.10.2. By Product Type
- 21.10.3. By Operation Type
- 21.10.4. By MTOW
- 21.10.5. By End Use
21.11. Japan Market Analysis
- 21.11.1. By Lift Technology
- 21.11.2. By Product Type
- 21.11.3. By Operation Type
- 21.11.4. By MTOW
- 21.11.5. By End Use
21.12. India Market Analysis
- 21.12.1. By Lift Technology
- 21.12.2. By Product Type
- 21.12.3. By Operation Type
- 21.12.4. By MTOW
- 21.12.5. By End Use
21.13. Australia Market Analysis
- 21.13.1. By Lift Technology
- 21.13.2. By Product Type
- 21.13.3. By Operation Type
- 21.13.4. By MTOW
- 21.13.5. By End Use

22. Market Structure Analysis

22.1. Leading Companies by Investment
22.2. Market Presence Analysis
- 22.2.1. By Regional footprint of Players
- 22.2.2. Product foot print by Players
- 22.2.3. Channel Foot Print by Players

23. Competition Analysis

23.1. Competition Dashboard
23.2. Competition Benchmarking
23.3. Competition Deep Dive
- 23.3.1. Airbus SE
  - 23.3.1.1. Overview
  - 23.3.1.2. Product Portfolio
  - 23.3.1.3. Key Financials
  - 23.3.1.4. Sales Footprint
  - 23.3.1.5. Recent Developments
  - 23.3.1.6. Strategy Overview
- 23.3.2. Embraer S.A.
  - 23.3.2.1. Overview
  - 23.3.2.2. Product Portfolio
  - 23.3.2.3. Key Financials
  - 23.3.2.4. Sales Footprint
  - 23.3.2.5. Recent Developments
  - 23.3.2.6. Strategy Overview
- 23.3.3. The Boeing Company (Aurora Flight Sciences)
  - 23.3.3.1. Overview
  - 23.3.3.2. Product Portfolio
  - 23.3.3.3. Key Financials
  - 23.3.3.4. Sales Footprint
  - 23.3.3.5. Recent Developments
  - 23.3.3.6. Strategy Overview
- 23.3.4. Volocopter GmbH
  - 23.3.4.1. Overview
  - 23.3.4.2. Product Portfolio
  - 23.3.4.3. Key Financials
  - 23.3.4.4. Sales Footprint
  - 23.3.4.5. Recent Developments
  - 23.3.4.6. Strategy Overview
- 23.3.5. EHang
  - 23.3.5.1. Overview
  - 23.3.5.2. Product Portfolio
  - 23.3.5.3. Key Financials
  - 23.3.5.4. Sales Footprint
  - 23.3.5.5. Recent Developments
  - 23.3.5.6. Strategy Overview
- 23.3.6. Pipistrel d.o.o Ajdovscina
  - 23.3.6.1. Overview
  - 23.3.6.2. Product Portfolio
  - 23.3.6.3. Key Financials
  - 23.3.6.4. Sales Footprint
  - 23.3.6.5. Recent Developments
  - 23.3.6.6. Strategy Overview
- 23.3.7. Moog, Inc.
  - 23.3.7.1. Overview
  - 23.3.7.2. Product Portfolio
  - 23.3.7.3. Key Financials
  - 23.3.7.4. Sales Footprint
  - 23.3.7.5. Recent Developments
  - 23.3.7.6. Strategy Overview
- 23.3.8. Bell Textron Inc.
  - 23.3.8.1. Overview
  - 23.3.8.2. Product Portfolio
  - 23.3.8.3. Key Financials
  - 23.3.8.4. Sales Footprint
  - 23.3.8.5. Recent Developments
  - 23.3.8.6. Strategy Overview
- 23.3.9. Karem Aircraft, Inc.
  - 23.3.9.1. Overview
  - 23.3.9.2. Product Portfolio
  - 23.3.9.3. Key Financials
  - 23.3.9.4. Sales Footprint
  - 23.3.9.5. Recent Developments
  - 23.3.9.6. Strategy Overview
- 23.3.10. Neva Aerospace
  - 23.3.10.1. Overview
  - 23.3.10.2. Product Portfolio
  - 23.3.10.3. Key Financials
  - 23.3.10.4. Sales Footprint
  - 23.3.10.5. Recent Developments
  - 23.3.10.6. Strategy Overview
- 23.3.11. Kitty Hawk Corporation
  - 23.3.11.1. Overview
  - 23.3.11.2. Product Portfolio
  - 23.3.11.3. Key Financials
  - 23.3.11.4. Sales Footprint
  - 23.3.11.5. Recent Developments
  - 23.3.11.6. Strategy Overview
- 23.3.12. Opener Inc.
  - 23.3.12.1. Overview
  - 23.3.12.2. Product Portfolio
  - 23.3.12.3. Key Financials
  - 23.3.12.4. Sales Footprint
  - 23.3.12.5. Recent Developments
  - 23.3.12.6. Strategy Overview
- 23.3.13. Lift Aircraft
  - 23.3.13.1. Overview
  - 23.3.13.2. Product Portfolio
  - 23.3.13.3. Key Financials
  - 23.3.13.4. Sales Footprint
  - 23.3.13.5. Recent Developments
  - 23.3.13.6. Strategy Overview
- 23.3.14. Joby Aviation
  - 23.3.14.1. Overview
  - 23.3.14.2. Product Portfolio
  - 23.3.14.3. Key Financials
  - 23.3.14.4. Sales Footprint
  - 23.3.14.5. Recent Developments
  - 23.3.14.6. Strategy Overview
- 23.3.15. Lilium GmbH
  - 23.3.15.1. Overview
  - 23.3.15.2. Product Portfolio
  - 23.3.15.3. Key Financials
  - 23.3.15.4. Sales Footprint
  - 23.3.15.5. Recent Developments
  - 23.3.15.6. Strategy Overview
- 23.3.16. SkyDrive Inc.
  - 23.3.16.1. Overview
  - 23.3.16.2. Product Portfolio
  - 23.3.16.3. Key Financials
  - 23.3.16.4. Sales Footprint
  - 23.3.16.5. Recent Developments
  - 23.3.16.6. Strategy Overview

Note: The list of companies is not exhaustive and may be subject to refinement and augmentation during the course of the research