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eVTOL Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 141 Pages
  • October 2023
  • Region: Global
  • IMARC Group
  • ID: 5701055
Description Jump to:
The global eVTOL aircraft market size reached US$ 10.9 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 24.1 Billion by 2028, exhibiting a growth rate (CAGR) of 13.6% during 2023-2028.

An electric vertical takeoff and landing (eVTOL) aircraft relies on electric power to hover, take off, and land vertically. It comprises multi-rotors, fixed-wing, and tilt-wing aircraft having sensors, cameras, and radar. It uses distributed electric propulsion technology to integrate the propulsion system with the airframe and distribute multiple motors across the wing. It also employs lithium, diamond nuclear voltaic (DNV) technology, and hydrogen cell batteries to increase efficiency, lower operating costs, and enhance safety. It is used by farmers for crop management, data gathering, crop dusting, and other farming operations. As a result, eVTOL finds extensive application in transportation, agriculture, healthcare, defense, and logistics industries across the globe.

eVTOL Aircraft Market Trends:

The growing utilization of eVTOL ambulances in the healthcare industry to extend medical support and reduce emergency medical services response times represents one of the key factors driving the market. Besides this, the increasing utilization of eVTOL aircraft to improve search and rescue operations after natural calamities or accidents, such as landslides, fires, and earthquakes, is offering lucrative growth opportunities to industry investors. In addition, there is a rise in the demand for eVTOL aircraft on account of the growing traffic congestion around the world. This, along with the expanding transportation industry, is strengthening the growth of the market. Moreover, the increasing demand for eVTOL aircraft in the construction sector to survey lands, provide continuous and precise project notifications, improve safety, and prevent dangerous incidents on construction sites is offering a positive market outlook. Apart from this, eVTOL aircraft offer several benefits, such as lesser environmental impact, generating no noise, and flying at a lower altitude, which is propelling the growth of the market. Additionally, key market players are extensively investing in research and development (R&D) activities to introduce advanced technologies for improving aircraft design, performance, and power output.

Key Market Segmentation

The report provides an analysis of the key trends in each sub-segment of the global eVTOL aircraft market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on lift technology, mode of operation, maximum take-off weight (MTOW), range, propulsion type and application.

Breakup by Lift Technology:

  • Vectored Thrust
  • Multirotor
  • Lift Plus Cruise

Breakup by Mode of Operation:

  • Piloted
  • Autonomous
  • Semi-Autonomous

Breakup by Maximum Take-off Weight (MTOW):

  • < 250 Kg
  • 250-500 Kg
  • 500-1500 Kg
  • >1500 Kg

Breakup by Range:

  • 0-200 Km
  • 200-500 Km

Breakup by Propulsion Type:

  • Battery-Electric
  • Hybrid-Electric
  • Hydrogen-Electric

Breakup by Application:

  • Commercial
  • Air Taxi
  • Delivery Drones
  • Military
  • Cargo Transport
  • Combat Mission
  • Emergency Medical Service
  • Air Ambulance
  • Medical Cargo Transport

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
  • Latin America
  • Brazil
  • Mexico
  • Others
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Airbus SE, Archer Aviation Inc., Beta Technologies, Guangzhou EHang Intelligent Technology Co. Ltd, Lift Aircraft Inc., Lilium GmbH, Moog Inc., Piasecki Aircraft Corporation, Pipistrel d.o.o Ajdovšcina, Vertical Aerospace Group Ltd., Volocopter GmbH, Wisk Aero LLC and Xti Aircraft Company.

Key Questions Answered in This Report:

  • How has the global eVTOL aircraft market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global eVTOL aircraft market?
  • What are the key regional markets?
  • What is the breakup of the market based on the lift technology?
  • What is the breakup of the market based on the mode of operation?
  • What is the breakup of the market based on the maximum take-off weight (MTOW)?
  • What is the breakup of the market based on the range?
  • What is the breakup of the market based on the propulsion type?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global eVTOL aircraft market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global eVTOL Aircraft Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Lift Technology
6.1 Vectored Thrust
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Multirotor
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Lift Plus Cruise
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Mode of Operation
7.1 Piloted
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Autonomous
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Semi-Autonomous
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Maximum Take-off Weight (MTOW)
8.1 < 250 Kg
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 250-500 Kg
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 500-1500 Kg
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 >1500 Kg
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Range
9.1 0-200 Km
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 200-500 Km
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Propulsion Type
10.1 Battery-Electric
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Hybrid-Electric
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Hydrogen-Electric
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Application
11.1 Commercial
11.1.1 Market Trends
11.1.2 Key Segments
11.1.2.1 Air Taxi
11.1.2.2 Delivery Drones
11.1.3 Market Forecast
11.2 Military
11.2.1 Market Trends
11.2.2 Key Segments
11.2.2.1 Cargo Transport
11.2.2.2 Combat Mission
11.2.3 Market Forecast
11.3 Emergency Medical Service
11.3.1 Market Trends
11.3.2 Key Segments
11.3.2.1 Air Ambulance
11.3.2.2 Medical Cargo Transport
11.3.3 Market Forecast
12 Market Breakup by Region
12.1 North America
12.1.1 United States
12.1.1.1 Market Trends
12.1.1.2 Market Forecast
12.1.2 Canada
12.1.2.1 Market Trends
12.1.2.2 Market Forecast
12.2 Asia-Pacific
12.2.1 China
12.2.1.1 Market Trends
12.2.1.2 Market Forecast
12.2.2 Japan
12.2.2.1 Market Trends
12.2.2.2 Market Forecast
12.2.3 India
12.2.3.1 Market Trends
12.2.3.2 Market Forecast
12.2.4 South Korea
12.2.4.1 Market Trends
12.2.4.2 Market Forecast
12.2.5 Australia
12.2.5.1 Market Trends
12.2.5.2 Market Forecast
12.2.6 Indonesia
12.2.6.1 Market Trends
12.2.6.2 Market Forecast
12.2.7 Others
12.2.7.1 Market Trends
12.2.7.2 Market Forecast
12.3 Europe
12.3.1 Germany
12.3.1.1 Market Trends
12.3.1.2 Market Forecast
12.3.2 France
12.3.2.1 Market Trends
12.3.2.2 Market Forecast
12.3.3 United Kingdom
12.3.3.1 Market Trends
12.3.3.2 Market Forecast
12.3.4 Italy
12.3.4.1 Market Trends
12.3.4.2 Market Forecast
12.3.5 Spain
12.3.5.1 Market Trends
12.3.5.2 Market Forecast
12.3.6 Russia
12.3.6.1 Market Trends
12.3.6.2 Market Forecast
12.3.7 Others
12.3.7.1 Market Trends
12.3.7.2 Market Forecast
12.4 Latin America
12.4.1 Brazil
12.4.1.1 Market Trends
12.4.1.2 Market Forecast
12.4.2 Mexico
12.4.2.1 Market Trends
12.4.2.2 Market Forecast
12.4.3 Others
12.4.3.1 Market Trends
12.4.3.2 Market Forecast
12.5 Middle East and Africa
12.5.1 Market Trends
12.5.2 Market Breakup by Country
12.5.3 Market Forecast
13 SWOT Analysis
13.1 Overview
13.2 Strengths
13.3 Weaknesses
13.4 Opportunities
13.5 Threats
14 Value Chain Analysis
15 Porters Five Forces Analysis
15.1 Overview
15.2 Bargaining Power of Buyers
15.3 Bargaining Power of Suppliers
15.4 Degree of Competition
15.5 Threat of New Entrants
15.6 Threat of Substitutes
16 Price Analysis
17 Competitive Landscape
17.1 Market Structure
17.2 Key Players
17.3 Profiles of Key Players
17.3.1 Airbus SE
17.3.1.1 Company Overview
17.3.1.2 Product Portfolio
17.3.1.3 Financials
17.3.1.4 SWOT Analysis
17.3.2 Archer Aviation Inc.
17.3.2.1 Company Overview
17.3.2.2 Product Portfolio
17.3.2.3 Financials
17.3.3 Beta Technologies
17.3.3.1 Company Overview
17.3.3.2 Product Portfolio
17.3.4 Guangzhou EHang Intelligent Technology Co. Ltd
17.3.4.1 Company Overview
17.3.4.2 Product Portfolio
17.3.5 Lift Aircraft Inc.
17.3.5.1 Company Overview
17.3.5.2 Product Portfolio
17.3.6 Lilium GmbH
17.3.6.1 Company Overview
17.3.6.2 Product Portfolio
17.3.6.3 Financials
17.3.7 Moog Inc.
17.3.7.1 Company Overview
17.3.7.2 Product Portfolio
17.3.7.3 Financials
17.3.7.4 SWOT Analysis
17.3.8 Piasecki Aircraft Corporation
17.3.8.1 Company Overview
17.3.8.2 Product Portfolio
17.3.9 Pipistrel d.o.o Ajdovšcina
17.3.9.1 Company Overview
17.3.9.2 Product Portfolio
17.3.10 Vertical Aerospace Group Ltd.
17.3.10.1 Company Overview
17.3.10.2 Product Portfolio
17.3.11 Volocopter GmbH
17.3.11.1 Company Overview
17.3.11.2 Product Portfolio
17.3.12 Wisk Aero LLC
17.3.12.1 Company Overview
17.3.12.2 Product Portfolio
17.3.13 Xti Aircraft Company
17.3.13.1 Company Overview
17.3.13.2 Product Portfolio
List of Figures
Figure 1: Global: eVTOL Aircraft Market: Major Drivers and Challenges
Figure 2: Global: eVTOL Aircraft Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: eVTOL Aircraft Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: eVTOL Aircraft Market: Breakup by Lift Technology (in %), 2022
Figure 5: Global: eVTOL Aircraft Market: Breakup by Mode of Operation (in %), 2022
Figure 6: Global: eVTOL Aircraft Market: Breakup by Maximum Take-off Weight (MTOW) (in %), 2022
Figure 7: Global: eVTOL Aircraft Market: Breakup by Range (in %), 2022
Figure 8: Global: eVTOL Aircraft Market: Breakup by Propulsion Type (in %), 2022
Figure 9: Global: eVTOL Aircraft Market: Breakup by Application (in %), 2022
Figure 10: Global: eVTOL Aircraft Market: Breakup by Region (in %), 2022
Figure 11: Global: eVTOL Aircraft (Vectored Thrust) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: eVTOL Aircraft (Vectored Thrust) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: eVTOL Aircraft (Multirotor) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: eVTOL Aircraft (Multirotor) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: eVTOL Aircraft (Lift Plus Cruise) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: eVTOL Aircraft (Lift Plus Cruise) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: eVTOL Aircraft (Piloted) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: eVTOL Aircraft (Piloted) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: eVTOL Aircraft (Autonomous) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: eVTOL Aircraft (Autonomous) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: eVTOL Aircraft (Semi-Autonomous) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: eVTOL Aircraft (Semi-Autonomous) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: eVTOL Aircraft (< 250 Kg) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: eVTOL Aircraft (< 250 Kg) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: eVTOL Aircraft (250-500 Kg) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: eVTOL Aircraft (250-500 Kg) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: eVTOL Aircraft (500-1500 Kg) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: eVTOL Aircraft (500-1500 Kg) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: eVTOL Aircraft (>1500 Kg) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: eVTOL Aircraft (>1500 Kg) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: eVTOL Aircraft (0-200 Km) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: eVTOL Aircraft (0-200 Km) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Global: eVTOL Aircraft (200-500 Km) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Global: eVTOL Aircraft (200-500 Km) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Global: eVTOL Aircraft (Battery-Electric) Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Global: eVTOL Aircraft (Battery-Electric) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Global: eVTOL Aircraft (Hybrid-Electric) Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Global: eVTOL Aircraft (Hybrid-Electric) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Global: eVTOL Aircraft (Hydrogen-Electric) Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Global: eVTOL Aircraft (Hydrogen-Electric) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Global: eVTOL Aircraft (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Global: eVTOL Aircraft (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Global: eVTOL Aircraft (Military) Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Global: eVTOL Aircraft (Military) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Global: eVTOL Aircraft (Emergency Medical Service) Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Global: eVTOL Aircraft (Emergency Medical Service) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: North America: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: North America: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: United States: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: United States: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Canada: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Canada: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Asia-Pacific: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Asia-Pacific: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: China: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: China: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Japan: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Japan: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: India: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: India: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: South Korea: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: South Korea: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Australia: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Australia: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Indonesia: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Indonesia: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Others: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Others: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Europe: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Europe: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Germany: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Germany: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: France: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: France: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: United Kingdom: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: United Kingdom: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Italy: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Italy: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Spain: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Spain: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Russia: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Russia: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Others: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Others: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Latin America: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Latin America: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 87: Brazil: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 88: Brazil: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 89: Mexico: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 90: Mexico: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 91: Others: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 92: Others: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 93: Middle East and Africa: eVTOL Aircraft Market: Sales Value (in Million US$), 2017 & 2022
Figure 94: Middle East and Africa: eVTOL Aircraft Market: Breakup by Country (in %), 2022
Figure 95: Middle East and Africa: eVTOL Aircraft Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 96: Global: eVTOL Aircraft Industry: SWOT Analysis
Figure 97: Global: eVTOL Aircraft Industry: Value Chain Analysis
Figure 98: Global: eVTOL Aircraft Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: eVTOL Aircraft Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: eVTOL Aircraft Market Forecast: Breakup by Lift Technology (in Million US$), 2023-2028
Table 3: Global: eVTOL Aircraft Market Forecast: Breakup by Mode of Operation (in Million US$), 2023-2028
Table 4: Global: eVTOL Aircraft Market Forecast: Breakup by Maximum Take-off Weight (MTOW) (in Million US$), 2023-2028
Table 5: Global: eVTOL Aircraft Market Forecast: Breakup by Range (in Million US$), 2023-2028
Table 6: Global: eVTOL Aircraft Market Forecast: Breakup by Propulsion Type (in Million US$), 2023-2028
Table 7: Global: eVTOL Aircraft Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 8: Global: eVTOL Aircraft Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 9: Global: eVTOL Aircraft Market: Competitive Structure
Table 10: Global: eVTOL Aircraft Market: Key Players

Companies Mentioned

  • Airbus SE
  • Archer Aviation Inc.
  • Beta Technologies
  • Guangzhou EHang Intelligent Technology Co. Ltd
  • Lift Aircraft Inc.
  • Lilium GmbH
  • Moog Inc.
  • Piasecki Aircraft Corporation
  • Pipistrel d.o.o Ajdovšcina
  • Vertical Aerospace Group Ltd.
  • Volocopter GmbH
  • Wisk Aero LLC
  • Xti Aircraft Company

Methodology

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Table Information

Report AttributeDetails
No. of Pages141
PublishedOctober 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 10.9 Billion
Forecasted Market Value ( USD ) by 2028 $ 24.1 Billion
Compound Annual Growth Rate14.1%
Regions CoveredGlobal
No. of Companies Mentioned13

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