eVTOL Aircraft Market Size, Share & Segmentation by Lift Technology (Vectored Thrust, Multirotor, Lift plus Cruise), by Propulsion Type (Fully Electric, Hybrid Electric, Hydrogen Electric), by System, by Range, by MTOW, by Mode of Operation, by Application, and by Region | Global Market Forecast to 2023-2030
Report Id: SNS/A&D/1116 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
eVTOL Aircraft Market is estimated to be USD 9.93 Billion in 2022 and is projected to reach USD 31.45 Billion by 2030, at a CAGR of 15.5% during the forecast period 2023-2030. The growth of this market is mainly driven by the growing need for green energy and noise-free aircraft and the increasing use of eVTOL aircraft for cargo applications and the increasing demand for an alternative mode of transport.
Electric vertical takeoff and landing aircraft are referred to as eVTOL aircraft. This is a system that deals with self-driving electric airplanes that provide increased services in terms of safety and comfort. They also aid in the production of less noise, resulting in reduced noise pollution. The eVTOL aircraft industry is increasing operating efficiency with the goal of improving customer experience by providing flexibility and convenience. It also aids in speedy transit. These are electric airplanes that do brief tasks at a high pace.
MARKET DYNAMICS:
KEY DRIVERS:
- Growing need for green energy and noise-free aircraft.
- Increase in CO2 emissions.
- Need for speedy transportation.
RESTRAINTS:
- Complexities of design.
- Lack of adequate infrastructure.
OPPORTUNITIES:
- Strategic developments in eVTOL aircraft.
- Growth opportunities for developers.
- Demand for lithium metal batteries.
CHALLENGES:
- Safety issues
- Flying would be safe.
THE IMPACT OF COVID-19
The spread of the new Covid-19 has reached historic proportions in the world's mushrooming economy. Most economic sectors have been affected, with aviation being one of the most afflicted. The issue is greater for enterprises involved in the eVTOL aircraft sector. Prior to the pandemic, the eVTOL aircraft market had rapid development while being in its early stages. In certain nations, people expect shared flight models to be reliable. The value proposition varies greatly depending on the travel time on rush trips.
Governments are attempting to designate appropriate budget sections while cooperating with corporations to boost workforce connections in order to mitigate the effects of the epidemic.
IMPACT OF UKRAINE AND RUSSIA CRISIS:
International commercial and commercial airlines will experience the effects of the Russian invasion of Ukraine in the form of widespread economic instability, uncertain need for air travel, airline restrictions, and other issues. But the results can vary greatly between regions, carriers, and manufacturers.
While potential conflicts are yet to come, the collision has begun to pose a challenge for air travel. Russia has issued a NOTAM (notification of air traffic control) ban on public flights on Ukraine's northeastern border. That includes the area where Russian troops have gathered in recent weeks. NOTAM is still active until May 18th.
At the same time, Ukraine has closed its airline base, according to an announcement Thursday. Citizens' flight tracking sites now show flights crossing conflicting areas with wide gears.
Competitive Landscape
The subsidiaries of China and Singapore, are expected to grow with a good record by the end of 2027 and have a projected growth record set for the next year 2028. Companies in the Asia-Pacific region are pushing for ever-increasing styles. related to global trade, as well as automation. These agencies set the stage for commercial aviation testing. This will enable these companies to produce large amounts of taxi services, contracts, and partnerships, from the future of 2022.
KEY MARKET PLAYER
The eVTOL aircraft market is dominated by a few globally established players such as Airbus SE, Bell Textron Inc, Embraer SA, EHang Holdings Ltd, Elbit Systems Ltd, and Other players.
SEGMENTATION:
by Propulsion Type:
The market is classified into battery electric, hybrid electric, and hydrogen-electric.
By Application Analysis:
- The market is divided into military, commercial, and emergency medical services.
By MTOW analysis:
- The market is segmented into <250 Kg, 250-500Kg, 500-1500Kg, and >1500Kg.
By Range analysis:
- The market is bifurcated into 0-200 and 200 -500 Km.
By mode of operational analysis:
- The market is segmented into piloted, autonomous, and semi-autonomous.
By lift technology analysis:
- The market is classified into vectored thrust, lift plus cruise and multirotor.
KEY MARKET SEGMENTS:
By Propulsion Type
- Fully Electric
- Hybrid Electric
- Hydrogen Electric
By MTOW
-
<100 kg
-
100–1000 kg
-
1,000–2,000 kg
-
>2,000 kg
By System
-
Batteries & Cells
-
Electric Motor/Engine
-
Aerostructures
-
Avionics
-
Software
-
Others
By Lift Technology
-
Vectored Thrust
-
Multirotor
-
Lift plus Cruise
By Mode of Operation
-
Autonomous
-
Piloted
By Range
-
<= 200 km
-
> 200 km
By Application
-
Air Taxis
-
Air Shuttles & Air Metro
-
Private Transport
-
Cargo Transport
-
Air Ambulance & Medical Emergency
-
Last Mile Delivery
-
Inspection & Monitoring
-
Surveying & Mapping
-
Surveillance
-
Special Mission
-
Others
REGIONAL ANALYSIS:
The e-VTOL aviation market covers areas such as Europe, Asia-Pacific countries, North America, Latin America, Africa and the Middle East. North America dominated the market share for the past year 1028, and the same is expected at the end of the current 2028 forecast period. There are major market players who successfully demonstrate the technology to be used and the new work solutions. There is a growing investment made by the US Army end to acquire aviation market resources and help them reach the market target expected by the end of 2028.
Europe enjoyed the second largest market share at the end of 2022. This has resulted in the acquisition of infrastructure, the development of flexible designs, and, west port channels. The Canadian military also opted for investment to encourage developers related to military eVTOL services. The airline segment is expected to have the highest market value by the end of the forecast period 2022-2028. 28.98% CAGR growth is expected in the airbus sector by the end of the 2028 forecast period. This makes less noise compared to a normal airplane.
REGIONAL COVERAGE:
North America
-
USA
-
Canada
-
Mexico
Europe
-
Germany
-
UK
-
France
-
Italy
-
Spain
-
The Netherlands
-
Rest of Europe
Asia-Pacific
-
Japan
-
South Korea
-
China
-
India
-
Australia
-
Rest of Asia-Pacific
The Middle East & Africa
-
Israel
-
UAE
-
South Africa
-
Rest of Middle East & Africa
Latin America
-
Brazil
-
Argentina
-
Rest of Latin America
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 9.93 Billion |
| Market Size by 2030 | US$ 31.45 Billion |
| CAGR | CAGR of 15.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Propulsion Type (Fully Electric, Hybrid Electric, Hydrogen Electric) • By MTOW (<100 kg, 100–1000 kg, 1,000–2,000 kg, >2,000 kg) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Airbus SE, Bell Textron Inc, Embraer SA, EHang Holdings Ltd, Elbit Systems Ltd, and Other players. |
| Key Drivers | • Growing need for green energy and noise-free aircraft. • Increase in CO2 emissions. |
| RESTRAINTS | • Complexities of design. • Lack of adequate infrastructure. |
Frequently Asked Questions (FAQ) :
What CAGR is the eVTOL Aircraft Market expected to grow at during the forecast period? Of 2022-2028.
According to SNS insiders, the eVTOL Aircraft Market size was USD 8.6 million in 2021 and is expected to reach USD 23.5 million by 2028 with a CAGR of 15.5% over the forecasted period.
What is the impact of the Ukraine and Russia crises on the market for eVTOL aircraft?
International commercial and commercial airlines will experience the effects of the Russian invasion of Ukraine in the form of widespread economic instability, uncertain need for air travel, airline restrictions, and other issues. But the results can vary greatly between regions, carriers, and manufacturers.
What is the significance of Covid-19 Pandemic in the eVTOL Aircraft Market?
The spread of the new Covid-19 has reached historic proportions on the world's mushrooming economy. Most economic sectors have been affected, with aviation being one of the most afflicted. The issue is greater for enterprises involved in the eVTOL aircraft sector. Prior to the pandemic, the eVTOL aircraft market had rapid development while being in its early stages.
What major regions are covered in the eVTOL Aircraft Market report?
North America, Asia-Pacific, The Middle East & Africa, Latin America,Europe are the major five region covered in this report.
What are the primary drivers of the Global eVTOL Aircraft Market?
Growing need for green energy and noise-free aircraft and Need for the speedy transportation.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. eVTOL Aircraft Market, By Propulsion Type
8.1 Fully Electric
8.2 Hybrid Electric
8.3 Hydrogen Electric
9. eVTOL Aircraft Market, By MTOW
9.1 <100 kg
9.2 100–1000 kg
9.3 1,000–2,000 kg
9.4 >2,000 kg
10. eVTOL Aircraft Market, By System
10.1 Batteries & Cells
10.2 Electric Motor/Engine
10.3 Aerostructures
10.4 Avionics
10.5 Software
10.6 Others
11. eVTOL Aircraft Market, By Lift Technology
11.1 Vectored Thrust
11.2 Multirotor
11.3 Lift plus Cruise
12. eVTOL Aircraft Market, By Mode of Operation
12.1 Autonomous
12.2 Piloted
13. eVTOL Aircraft Market, By Range
13.1 <= 200 km
13.2 > 200 km
14. eVTOL Aircraft Market, By Application
14.1 Air Taxis
14.2 Air Shuttles & Air Metro
14.3 Private Transport
14.4 Cargo Transport
14.5 Air Ambulance & Medical Emergency
14.6 Last Mile Delivery
14.7 Inspection & Monitoring
14.8 Surveying & Mapping
14.9 Surveillance
14.10 Special Mission
14.11 Others
15. Regional Analysis
15.1 Introduction
15.2 North America
15.2.1 USA
15.2.2 Canada
15.2.3 Mexico
15.3 Europe
15.3.1 Germany
15.3.2 UK
15.3.3 France
15.3.4 Italy
15.3.5 Spain
15.3.6 The Netherlands
15.3.7 Rest of Europe
15.4 Asia-Pacific
15.4.1 Japan
15.4.2 South Korea
15.4.3 China
15.4.4 India
15.4.5 Australia
15.4.6 Rest of Asia-Pacific
15.5 The Middle East & Africa
15.5.1 Israel
15.5.2 UAE
15.5.3 South Africa
15.5.4 Rest
15.6 Latin America
15.6.1 Brazil
15.6.2 Argentina
15.6.3 Rest of Latin America
16. Company Profiles
16.1 HITACHI LTD.
16.1.1 Financial
16.1.2 Products/ Services Offered
16.1.3 SWOT Analysis
16.1.4 The SNS view
16.2 AB VOLVO
16.3 CATTERPILLAR INC.
16.4 CNH INDUSTRIAL N.V
16.5 DEERE AND COMPANY
16.6 DOOSAN INFRACOE CO.LTD
16.7 J C BAMFORD EXCAVATORS. LTD.
16.8 KOMATSU LTD.
16.9 Liebherr-international AG
16.10 XCMG GROUP
17. Competitive Landscape
17.1 Competitive Benchmark
17.2 Market Share analysis
17.3 Recent Developments
18. Conclusion
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