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eVTOL Aircraft Market by Lift Technology, MTOW, Application, Mode of Operation, Type of Propulsion, Range And Region - Global Forecast to 2030

eVTOL Aircraft Market by Lift Technology, MTOW, Application, Mode of Operation, Type of Propulsion, Range And Region - Global Forecast to 2030

  • March 2019
  • 124 pages
  • ID: 5761031
  • Format: PDF
  • By MarketsandMarkets

Summary

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The demand for increased efficiency in commercial operations is the key factor influencing the growth of the eVTOL aircraft market.
The eVTOL aircraft market is estimated to be USD 162 million in 2025 and is projected to reach USD 411 million by 2030, at a CAGR of 20.42% during the forecast period. The demand for enhanced efficiency & human safety and increasing investment activities are expected to drive the market. However, the limited reliability of eVTOLs during transportation and the inability to predict the external environment are expected to hinder the market.

The vectored thrust segment is expected to lead the market during the forecast period.
Based on lift technology, the vectored thrust segment is expected to lead the eVTOL aircraft market during the forecast period.The vectored thrust technology provides better efficiency and endurance to the eVTOL aircraft for intercity and intracity operations.

The demand for eVTOL aircraft is increasing due to the growing number of their applications in the commercial sector for activities such as air taxi, passenger air travel, air ambulance, and cargo transportation.Presently, these aircraft are in the development phase but are expected to commercialize in the coming years.

Passenger drones can be piloted manually or flown autonomously. These drones have the capability to vertically take off and land, making it easier for them to land in crowded locations in cities.

The optionally piloted segment is expected to grow at a higher CAGR than the piloted segment during the forecast period.
Based on mode of operation, the optionally piloted segment is expected to lead the eVTOL aircraft market during the forecast period.Autonomous eVTOLs are more versatile and can be efficiently used to transport passengers and cargo without any human intervention, thus increasing their demand.

The growth of the optionally piloted segment can be attributed to significant investments to develop cost-effective solutions for passenger and cargo transportation for intracity and intercity commute.

Asia Pacific is the fastest-growing market for eVTOL aircraft.

Based on region, Asia Pacific is estimated to lead the eVTOL aircraft market in 2025 and is projected to grow at the highest rate during the forecast period.The market growth in this region can be attributed to the increasing investment activities and growth in spending by the region’s countries on transportation operations.

Increasingly autonomous aircraft such as UAVs are manufactured in the Asia Pacific region by the biggest drone player DJI.This company has captured over 50% market share since the past 3 years.

EHang is another player working on a fully autonomous air vehicle that will be used for cargo and passenger transport.Many emerging startups in India, including VTOL Aviation India, Voyzon Aerospace, and Skylark Drones, have also been working on their concepts and prototypes for autonomous aircraft.

Wing, a Google and Alphabet company, has already tested its autonomous delivery drone in Australia.

Break-up of profiles of primary participants in this report:
• By Company Type: Tier 1 – 18%, Tier 2 – 36% and Tier 3 – 46%
• By Designation: C level – 27%, Director level – 18%, Others – 55%
• By Region: North America - 9%, Europe – 36%, Asia Pacific – 55%

Some of the key players in the eVTOL aircraft market include Kitty Hawk (US), Lilium (Germany), EHang (China), Volocopter (Germany), and A3 by Airbus (US).

Research Coverage
The study segments the eVTOL aircraft market on the basis of Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise), Application (Commercial, Military, Cargo), Type of Propulsion (Electric/Battery, Electric/Hybrid, Electric/Hydrogen), MTOW (<250 Kilograms, 250–500 Kilograms, 500–1,500 Kilograms, >1,500 Kilograms), Mode of Operation (Optionally Piloted, Piloted), and Range (0–200 Kilometers, 200–500 Kilometers), and maps these segments and subsegments across the major regions of the world, namely, North America, Europe, Asia Pacific, the Middle East, and Latin America. The report provides in-depth market intelligence regarding the market dynamics and the major factors influencing the growth of the eVTOL aircraft market (drivers, restraints, opportunities, and industry-specific challenges), along with an analysis of micromarkets with respect to individual growth trends, prospects, and their contribution to the market.

Reasons to Buy This Report:
From an insight perspective, this research report has focused on various levels of analyses—industry analysis (industry trends), market ranking analysis of top players, supply chain analysis, and company profiles, which together comprise and discuss basic views on the competitive landscape, emerging and high-growth segments of the eVTOL aircraft market, high-growth regions, and market drivers, restraints, opportunities, and challenges.

The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on eVTOL aircraft offered by top market players
• Market Sizing: The estimated size of the market in 2025 and its projection from 2025 to 2030
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the eVTOL aircraft market
• Market Overview: Market dynamics and subsequent analysis of associated trends as well as drivers, restraints, opportunities, and challenges prevailing in the market
• Market Development: Comprehensive information about lucrative markets – the report analyzes the markets for eVTOL aircraft across regions
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
• Regional Analysis: Factors influencing the growth of the eVTOL aircraft market in North America, Europe, Asia Pacific, the Middle East, and Latin America
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the eVTOL aircraft market

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