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eVTOL Aircraft Global Market Report 2022

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    Report

  • 175 Pages
  • August 2022
  • Region: Global
  • The Business Research Company
  • ID: 5647078
Major players in the eVTOL aircraft market are Airbus SE, Bell Textron Inc., Embraer SA, EHang Holdings Ltd, Elbit Systems Ltd., Kitty Hawk, Lilium, Volocopter GmbH, Joby Aviation, Urban Aeronautics Ltd., Pipistrel, Moog Inc., The Boeing Co., Karem Aircraft Inc., Lift Aircraft, Aurora Flight Sciences, Workhorse, Elroy Air, Textron Inc., SkyDrive Inc., Neva Aerospace, Opener Inc., Workhorse Group, Uber Technologies Inc, Terrafugia, Archer Aviation Inc, Jaunt Air Mobility LLC, Overair Inc and Samad Aerospace.

The global eVTOL aircraft market is expected to grow from $6.73 billion in 2021 to $8.09 billion in 2022 at a compound annual growth rate (CAGR) of 20.16%. The market is expected to grow to $18.92 billion in 2026 at a compound annual growth rate (CAGR) of 23.66%.

The eVTOL aircraft market consists of sales of eVTOL aircraft by entities (organizations, sole traders, and partnerships) that refer to electric vertical takeoff and landing aircraft that uses electric power to hover, take off, and land vertically. The focus of eVTOL is to offer a new class of aircraft that revolutionizes inter-and-intra-city movement, providing quick, direct, and clean mobility. It uses motors, batteries, fuel cells, and electronic controllers to generate electric power for hovering, taking off, and landing vertically.

The main technologies used in eVTOL aircraft include vectored thrust, multirotor, and lift pulse cruise. The vectored thrust eVTOL aircraft refers to a technology used to change the thrust angle from its engine or motor to control the attitude or angular velocity of the aircraft. It is typically used to control pitch and yaw attitude on boosters and upper stages. The propulsion systems used in eVTOL aircraft include fully electric, hybrid electric, and hydrogen-electric. Both autonomous and piloted eVTOL aircraft are used in a wide range of applications including air taxis, air shuttles and air metro, private transport, cargo transport, air ambulance and medical emergency, last-mile delivery, inspection and monitoring, surveying and mapping, surveillance, special mission, and others.

North America was the largest region in the eVTOL aircraft market in 2021. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the eVTOL aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The eVTOL aircraft market research report is one of a series of new reports that provides eVTOL aircraft market statistics, including eVTOL aircraft industry global market size, regional shares, competitors with an eVTOL aircraft market share, detailed eVTOL aircraft market segments, market trends and opportunities, and any further data you may need to thrive in the eVTOL aircraft industry. This eVTOL aircraft market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The growing need for green energy and noise-free aircraft is propelling the growth of the eVTOL aircraft market. The strive for greater fuel efficiency and reduction of noise pollution is the central need to reduce environmental impact. The energy for eVTOL aircraft is generated by powered lift designs using turbofan engines with auxiliary/ augmented lift fans. Most electric-powered VTOL aircraft being developed today will use distributed electric propulsion (DEP) as a gateway to sustainable aviation. For instance, in March 2020, according to Aan article published by Dassault Systèmes, a Europe-based company, estimated the growing need for eVTOL aircraft where the market will grow exponentially, to an estimated 1.3 billion passengers over 20 years, with a demand for 28,000 eVTOL aircraft. Therefore, the growing need for green energy and noise-free aircraft will drive the growth of the eVTOL aircraft market.

Technological advancement is a key trend gaining popularity in the eVTOL aircraft market. Major companies operating in the eVTOL aircraft market are focused on providing technologically-advanced solutions to strengthen their market position. These companies are implementing next-generation eVTOL aircraft technologies into their services, such as IoT, ultra edge hydrogen and battery cell, Onboard sensors and collision prevention systems, AI technology, 5G communication, and others. For instance, In April 2022, Hyundai, an automotive manufacturer company, explored hydrogen fuel cell technology for the electric short Take-off and landing eVTOL aircraft segment. The company expects hydrogen fuel cell technology to have a long enough range to complete intercity trips.

In December 2020, Joby Aviation, a US-based aerospace company, developing an electric vertical takeoff and landing aircraft acquired Uber Elevate for an undisclosed amount. This acquisition of Uber elevate will create integration between ground and air travel for future customers by integrating their respective services into each other’s apps for joby aviation. Uber Elevate is a US-based company initiative to develop, deploy and eventually offer consumers an air-based taxi travel service.

The countries covered in the eVTOL aircraft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.




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Table of Contents

1. Executive Summary2. eVTOL Aircraft Market Characteristics3. eVTOL Aircraft Market Trends And Strategies4. Impact Of COVID-19 On eVTOL Aircraft
5. eVTOL Aircraft Market Size And Growth
5.1. Global eVTOL Aircraft Historic Market, 2016-2021, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global eVTOL Aircraft Forecast Market, 2021-2026F, 2031F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. eVTOL Aircraft Market Segmentation
6.1. Global eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Vectored Thrust
  • Multirotor
  • Lift Plus Cruise
6.2. Global eVTOL Aircraft Market, Segmentation By Propulsion Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Fully Electric
  • Hybrid Electric
  • Hydrogen Electric
6.3. Global eVTOL Aircraft Market, Segmentation By Mode of Operation, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Autonomous
  • Piloted
6.4. Global eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
  • Air Taxis
  • Air Shuttles and Air Metro
  • Private Transport
  • Cargo Transport
  • Air Ambulance and Medical Emergency
  • Last Mile Delivery
  • Inspection and Monitoring
  • Surveying and Mapping
  • Surveillance
  • Special Mission
  • Others
7. eVTOL Aircraft Market Regional And Country Analysis
7.1. Global eVTOL Aircraft Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7.2. Global eVTOL Aircraft Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8. Asia-Pacific eVTOL Aircraft Market
8.1. Asia-Pacific eVTOL Aircraft Market Overview
  • Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
8.3. Asia-Pacific eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
9. China eVTOL Aircraft Market
9.1. China eVTOL Aircraft Market Overview
9.2. China eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
9.3. China eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F,$ Billion
10. India eVTOL Aircraft Market
10.1. India eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
10.2. India eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11. Japan eVTOL Aircraft Market
11.1. Japan eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
11.2. Japan eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12. Australia eVTOL Aircraft Market
12.1. Australia eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
12.2. Australia eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13. Indonesia eVTOL Aircraft Market
13.1. Indonesia eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
13.2. Indonesia eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14. South Korea eVTOL Aircraft Market
14.1. South Korea eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
14.2. South Korea eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15. Western Europe eVTOL Aircraft Market
15.1. Western Europe eVTOL Aircraft Market Overview
15.2. Western Europe eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
15.3. Western Europe eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16. UK eVTOL Aircraft Market
16.1. UK eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
16.2. UK eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17. Germany eVTOL Aircraft Market
17.1. Germany eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
17.2. Germany eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18. France eVTOL Aircraft Market
18.1. France eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
18.2. France eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19. Eastern Europe eVTOL Aircraft Market
19.1. Eastern Europe eVTOL Aircraft Market Overview
19.2. Eastern Europe eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
19.3. Eastern Europe eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20. Russia eVTOL Aircraft Market
20.1. Russia eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
20.2. Russia eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21. North America eVTOL Aircraft Market
21.1. North America eVTOL Aircraft Market Overview
21.2. North America eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
21.3. North America eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22. USA eVTOL Aircraft Market
22.1. USA eVTOL Aircraft Market Overview
22.2. USA eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
22.3. USA eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23. South America eVTOL Aircraft Market
23.1. South America eVTOL Aircraft Market Overview
23.2. South America eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
23.3. South America eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24. Brazil eVTOL Aircraft Market
24.1. Brazil eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
24.2. Brazil eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25. Middle East eVTOL Aircraft Market
25.1. Middle East eVTOL Aircraft Market Overview
25.2. Middle East eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
25.3. Middle East eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26. Africa eVTOL Aircraft Market
26.1. Africa eVTOL Aircraft Market Overview
26.2. Africa eVTOL Aircraft Market, Segmentation By Lift Technology, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
26.3. Africa eVTOL Aircraft Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
27. eVTOL Aircraft Market Competitive Landscape And Company Profiles
27.1. eVTOL Aircraft Market Competitive Landscape
27.2. eVTOL Aircraft Market Company Profiles
27.2.1. Airbus SE
27.2.1.1. Overview
27.2.1.2. Products and Services
27.2.1.3. Strategy
27.2.1.4. Financial Performance
27.2.2. Bell Textron Inc.
27.2.2.1. Overview
27.2.2.2. Products and Services
27.2.2.3. Strategy
27.2.2.4. Financial Performance
27.2.3. Embraer SA
27.2.3.1. Overview
27.2.3.2. Products and Services
27.2.3.3. Strategy
27.2.3.4. Financial Performance
27.2.4. EHang Holdings Ltd
27.2.4.1. Overview
27.2.4.2. Products and Services
27.2.4.3. Strategy
27.2.4.4. Financial Performance
27.2.5. Elbit Systems Ltd.
27.2.5.1. Overview
27.2.5.2. Products and Services
27.2.5.3. Strategy
27.2.5.4. Financial Performance
28. Key Mergers And Acquisitions In The eVTOL Aircraft Market29. eVTOL Aircraft Market Future Outlook and Potential Analysis
30. Appendix
30.1. Abbreviations
30.2. Currencies
30.3. Research Inquiries
30.4. About the Publisher
30.5. Copyright And Disclaimer

Executive Summary

eVTOL Aircraft Global Market Report 2022 provides the strategists, marketers and senior management with the critical information they need to assess the global evtol aircraft market.

This report focuses on evtol aircraft market which is experiencing strong growth. The report gives a guide to the evtol aircraft market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.

Reasons to Purchase

  • Gain a truly global perspective with the most comprehensive report available on this market covering 12+ geographies.
  • Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
  • Create regional and country strategies on the basis of local data and analysis.
  • Identify growth segments for investment.
  • Outperform competitors using forecast data and the drivers and trends shaping the market.
  • Understand customers based on the latest market research findings.
  • Benchmark performance against key competitors.
  • Utilize the relationships between key data sets for superior strategizing.
  • Suitable for supporting your internal and external presentations with reliable high quality data and analysis

Description:

Where is the largest and fastest growing market for the evtol aircraft ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The eVTOL Aircraft market global report answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider evtol aircraft market, and compares it with other markets.
  • The market characteristics section of the report defines and explains the market.
  • The market size section gives the market size ($b) covering both the historic growth of the market, the influence of the COVID-19 virus and forecasting its growth.
  • Market segmentations break down market into sub markets.
  • The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
  • Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
  • The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
  • The evtol aircraft market section of the report gives context. It compares the evtol aircraft market with other segments of the evtol aircraft market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, evtol aircraft indicators comparison.

Scope

Markets Covered:

1) By Lift Technology: Vectored Thrust; Multirotor; Lift Plus Cruise
2) By Propulsion Type: Fully Electric; Hybrid Electric; Hydrogen Electric
3) By Mode of Operation: Autonomous; Piloted
4) By Application: Air Taxis; Air Shuttles And Air Metro; Private Transport; Cargo Transport; Air Ambulance And Medical Emergency; Last Mile Delivery; Inspection and Monitoring; Surveying and Mapping; Surveillance; Special Mission; Others

Companies Mentioned: Airbus SE ; Bell Textron Inc.; Embraer SA; EHang Holdings Ltd.; Elbit Systems Ltd.

Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

Time series: Five years historic and ten years forecast.

Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Airbus SE
  • Bell Textron Inc.
  • Embraer SA
  • EHang Holdings Ltd.
  • Elbit Systems Ltd.

Methodology

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