eVTOL Aircraft Market by Lift Technology, Propulsion Type, System (Batteries & Cells, Electric Motors/Engine, Aerostructures, Avionics, Software), Mode of Operation, Application, Mtow, Range and Region - Global Forecast to 2035
eVTOL Aircraft Market by Lift Technology, Propulsion Type, System (Batteries & Cells, Electric Motors/Engine, Aerostructures, Avionics, Software), Mode of Operation, Application, Mtow, Range and Region - Global Forecast to 2035
Abstract
The eVTOL Aircraft market is expected to grow from USD 1.2 billion at a CAGR of 52.0% during the forecast period, reaching USD 23.4 billion by 2035. Market expansion is likely to be driven by factors such as the growing need for green energy and noise-free aircraft, increasing demand for alternative modes of transport, and improving technologies.
“ Increasing need for an alternative mode of transport. “
The increasing demand for alternative modes of transport is propelling the EVTOL market due to several factors. Firstly, congested urban areas and traffic congestion have created a need for efficient and time-saving transportation solutions. EVTOL aircraft offer the potential for vertical takeoff and landing, bypassing traditional road networks and enabling faster point-to-point travel. Secondly, the growing concerns over environmental sustainability and the need to reduce carbon emissions have intensified the demand for electric-powered transportation. EVTOLs, being electrically driven, align with these sustainability goals. Lastly, the rapid advancements in technology, such as battery efficiency and autonomy, have made EVTOLs more viable and safer, generating increased interest from both consumers and investors in this transformative mode of transportation.
“Based on Application Type, the Cargo Transport segment accounts for the highest growth rate during the forecast period.”
Based on application, the eVTOL Aircraft market has been segmented into Air Taxis, Air Shuttles & Air Metro, Private Transport, Cargo Transport, Air Ambulance & Medical Emergency Last Mile Delivery, Inspection & Monitoring, Surveying & Mapping, Spraying & Seeding, & Special Mission. Cargo transport based on the EVTOL application type is experiencing the highest growth rate in the market due to several key reasons.
Firstly, there is a rising demand for efficient and fast delivery of goods, driven by the growth of e-commerce and on-demand services. EVTOLs offer the potential for expedited delivery by bypassing traditional ground transportation constraints and congested road networks. Additionally, cargo transport EVTOLs can operate beyond existing infrastructure, enabling direct delivery to remote or challenging-to-reach locations. Furthermore, the higher profit margins associated with cargo transport make it an attractive market segment for investment and innovation. Overall, the combination of speed, flexibility, and profitability positions cargo transport as the leading growth driver in the EVTOL market.
“Based on the Propulsion type, the Hybrid segment is projected to grow at the highest rate during the forecast period.”
Based on Propulsion Type, the eVTOL Aircraft market has been segmented into fully electric, hybrid, and electric hydrogen. The hybrid mode of propulsion based on the EVTOL propulsion type is experiencing the highest growth rate in the market due to several compelling factors. Firstly, hybrid propulsion combines the benefits of electric power, such as lower emissions and quieter operations, with the extended range and faster refueling capabilities of conventional fuel-based systems.
This versatility appeals to a wide range of applications, including longer-distance travel and intercity connections. Secondly, the hybrid approach addresses the limitations of fully electric or conventional propulsion, providing a balanced solution that meets regulatory requirements and operational needs. Lastly, advancements in hybrid propulsion technology, including improved energy storage and power management systems, have enhanced performance and reliability, further driving the adoption and growth of this propulsion type in the EVTOL market.
“Asia Pacific is projected to grow at the highest CAGR during the forecast period.”
The APAC region is estimated to account for the highest growth rate in the eVTOL Aircraft market during the forecast period. In this region, the eVTOL Aircraft market has been studied for China, India, Japan, Australia, South Korea, and the Rest of APAC. Countries in the Asia Pacific region are upgrading their capabilities by undergoing developments in the field of eVTOL Aircraft. The region's dense population and expanding urban areas necessitate innovative transportation solutions to combat traffic congestion, making EVTOLs an attractive option with their vertical takeoff and landing capabilities. Secondly, countries like China, Japan, and South Korea have made significant investments in technological advancements and innovation, fostering a conducive environment for EVTOL development.
Government support through favorable policies, regulations, and infrastructure development further bolsters the growth prospects of the industry. The region's flourishing e-commerce market and rising middle-class population also drive the demand for expedited deliveries and efficient transportation options, which EVTOLs can provide. Moreover, Asia-Pacific economies increasingly prioritize sustainability and carbon emission reduction, aligning with EVTOLs' electrically powered nature and positioning them as a preferred choice for consumers and governments. With these factors combined, the Asia-Pacific region is well-positioned to witness substantial growth in the EVTOL market as it addresses the pressing transportation challenges, harnesses technological advancements, and embraces sustainability goals.
The break-up of the profile of primary participants in the ultralight and light aircraft market:
•By Company Type: Tier 1 – 49%, Tier 2 – 37%, and Tier 3 – 14%
•By Designation: C Level – 55%, Director Level – 27%, and Others – 18%
•By Region: North America – 45%, Europe – 27%, Asia Pacific –16%, Middle East- 7% Latin America- 3%, Africa- 2%.
Major players operating in the eVTOL Aircraft market are Jaunt Air Mobility (US), Lilium (Germany), Volocopter (Germany), and EHang (China), among others.
Research Coverage:
This research report categorizes the eVTOL Aircraft market basis of Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise), By Propulsion Type (Fully Electric, Hybrid, Electric Hydrogen), System (Batteries & Cells, Electric Motors/Engine, Aerostructures, Avionics, Software, Others (Actuators, Distribution Devices)), Mode of Operation (Piloted, Autonomous), Application (Air Taxis, Air Shuttles & Air Metro, Private Transport, Cargo Transport, Air Ambulance & Medical Emergency Last Mile Delivery, Inspection & Monitoring, Surveying & Mapping, Spraying & Seeding, Special Mission), MTOW ( < 250 Kg, 250 – 1000 Kg, 1000 – 2000 Kg, > 2000 Kg), Range ( < 200 Km, > 200 Km) in these segments have been mapped across major Regions (North America, Europe, Asia Pacific, Middle East, Africa & Latin America).
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the eVTOL Aircraft market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; agreements, collaborations, new product launches, contracts, expansion, acquisitions, and partnerships associated with the eVTOL Aircraft market. Competitive analysis of upcoming startups in the eVTOL Aircraft market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall eVTOL Aircraft market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
•Market Penetration: Comprehensive information on eVTOL Aircraft offered by the top players in the market
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the eVTOL Aircraft market
•Market Development: Comprehensive information about lucrative markets – the report analyzes the eVTOL Aircraft market across varied regions
•Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the eVTOL Aircraft market.
•Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the eVTOL Aircraft market.
Content
Table of Contents
1INTRODUCTION34
1.1STUDY OBJECTIVES34
1.2MARKET DEFINITION34
1.3MARKET SCOPE35
1.3.1MARKETS COVERED35
FIGURE 1EVTOL AIRCRAFT MARKET SEGMENTATION35
1.3.2YEARS CONSIDERED35
1.3.3REGIONAL SCOPE36
1.4INCLUSIONS AND EXCLUSIONS36
TABLE 1INCLUSIONS AND EXCLUSIONS IN EVTOL AIRCRAFT MARKET36
1.5CURRENCY CONSIDERED36
1.6LIMITATIONS37
1.7MARKET STAKEHOLDERS37
1.8SUMMARY OF CHANGES38
2RESEARCH METHODOLOGY39
2.1RESEARCH DATA39
FIGURE 2REPORT PROCESS FLOW39
FIGURE 3RESEARCH DESIGN40
2.1.1SECONDARY DATA40
2.1.2PRIMARY DATA41
2.1.2.1Key primary sources41
2.1.2.2Key primary insights41
2.2MARKET SIZE ESTIMATION42
2.2.1SEGMENTS AND SUBSEGMENTS42
2.3RESEARCH APPROACH AND METHODOLOGY43
2.3.1BOTTOM-UP APPROACH43
2.3.1.1Market size estimation43
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (DEMAND-SIDE)44
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY-SIDE)44
2.3.2TOP-DOWN APPROACH44
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH45
2.4DATA TRIANGULATION AND VALIDATION45
FIGURE 7DATA TRIANGULATION45
2.4.1TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH46
2.5GROWTH RATE FACTORS46
2.6RISKS46
2.7RESEARCH ASSUMPTIONS46
3EXECUTIVE SUMMARY47
FIGURE 8BATTERIES AND CELLS TO ACCOUNT FOR LARGEST MARKET SHARE IN 202347
FIGURE 9EVTOL AIRCRAFT, BY LIFT TECHNOLOGY, 202347
FIGURE 10FULLY ELECTRIC SEGMENT TO DOMINATE MARKET IN 202348
FIGURE 11EVTOL AIRCRAFT MARKET IN LATIN AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD48
4PREMIUM INSIGHTS50
4.1OVERVIEW OF ATTRACTIVE OPPORTUNITIES IN EVTOL AIRCRAFT MARKET50
FIGURE 12GROWING NEED FOR CLEANER AND QUIETER AIRCRAFT TO DRIVE MARKET DURING FORECAST PERIOD50
4.2EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION50
FIGURE 13AUTONOMOUS SEGMENT PROJECTED TO LEAD MARKET FROM 2023 TO 203050
4.3EVTOL AIRCRAFT MARKET, BY MTOW51
FIGURE 14100-1,000 KG SEGMENT PROJECTED TO HAVE HIGHEST SHARE DURING FORECAST PERIOD51
4.4EVTOL AIRCRAFT MARKET, BY RANGE51
FIGURE 15<=200 KM SEGMENT PROJECTED TO ACCOUNT FOR HIGHEST MARKET SHARE DURING FORECAST PERIOD51
4.5EVTOL AIRCRAFT MARKET, BY TOP COUNTRIES52
FIGURE 16EVTOL AIRCRAFT MARKET IN NETHERLANDS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD52
5MARKET OVERVIEW53
5.1INTRODUCTION53
5.2MARKET DYNAMICS54
FIGURE 17EVTOL AIRCRAFT MARKET DYNAMICS54
5.2.1DRIVERS54
5.2.1.1Growing need for green energy and noise-free aircraft54
5.2.1.2Increasing demand for alternative mode of transport55
FIGURE 18GROWING POPULATION ACROSS REGIONS TO INCREASE DEMAND FOR ALTERNATIVE MODE OF TRANSPORTATION55
5.2.1.3Improving technologies in batteries, motors, and power electronics56
5.2.2RESTRAINTS57
5.2.2.1Battery failures due to high voltage and thermal issues57
5.2.2.2Crash due to software failures57
5.2.2.3Certification issues58
FIGURE 19EVTOL CERTIFICATION ECOSYSTEM58
5.2.3OPPORTUNITIES58
5.2.3.1Strategic developments58
5.2.3.2Upcoming application areas59
5.2.4CHALLENGES59
5.2.4.1Safety issues59
5.2.4.2Lack of regulatory standards60
5.3VALUE CHAIN ANALYSIS60
FIGURE 20EVTOL AIRCRAFT MARKET: VALUE CHAIN ANALYSIS60
5.3.1RAW MATERIALS61
5.3.2R&D61
5.3.3COMPONENT MANUFACTURING61
5.3.4OEMS61
5.3.5END USERS61
5.4EVTOL AIRCRAFT MARKET ECOSYSTEM61
5.4.1PROMINENT COMPANIES61
5.4.2PRIVATE AND SMALL ENTERPRISES62
5.4.3END USERS62
FIGURE 21EVTOL AIRCRAFT MARKET ECOSYSTEM62
TABLE 2EVTOL AIRCRAFT MARKET ECOSYSTEM62
5.5DISRUPTION IMPACTING CUSTOMER’S BUSINESS63
FIGURE 22EVTOL AIRCRAFT MARKET ECOSYSTEM63
5.6TRADE DATA ANALYSIS64
5.7PORTER’S FIVE FORCES ANALYSIS65
TABLE 3PORTER’S FIVE FORCES ANALYSIS65
5.7.1THREAT OF NEW ENTRANTS66
5.7.2THREAT OF SUBSTITUTES66
5.7.3BARGAINING POWER OF SUPPLIERS66
5.7.4BARGAINING POWER OF BUYERS66
5.7.5INTENSITY OF COMPETITIVE RIVALRY66
5.8AVERAGE SELLING PRICE67
TABLE 4AVERAGE SELLING PRICE: EVTOL MARKET, BY LIFT TECHNOLOGY67
5.9VOLUME ANALYSIS67
TABLE 5EVTOL AIRCRAFT MARKET, BY VOLUME, 2020–2022 (USD MILLION)67
TABLE 6EVTOL AIRCRAFT MARKET, BY VOLUME, 2020–2030 (USD MILLION)67
5.10TECHNOLOGY ANALYSIS67
5.10.1LITHIUM-SULFUR BATTERIES67
5.10.2HYDROGEN FUEL CELLS68
5.11TARIFF AND REGULATORY LANDSCAPE68
5.11.1THE EUROPEAN UNION AVIATION SAFETY AGENCY (EASA) REGULATION68
5.11.2FEDERAL AVIATION ADMINISTRATION (FAA) REGULATION68
5.12KEY CONFERENCES AND EVENTS, 2023–202469
TABLE 7EVTOL AIRCRAFT MARKET: DETAILED LIST OF CONFERENCES AND EVENTS69
6INDUSTRY TRENDS73
6.1INTRODUCTION73
6.2EMERGING TRENDS73
6.2.1ARTIFICIAL INTELLIGENCE (AI)73
6.2.2BIG DATA ANALYTICS74
6.2.3INTERNET OF THINGS (IOT)74
6.2.4CYCLOROTOR EVTOL75
6.2.5URBAN AIR MOBILITY75
6.2.6ENERGY HARVESTING75
6.3CASE STUDIES76
6.3.1BETA TECHNOLOGIES DEVELOPED EVTOL AIRCRAFT WITH MICROSTRAIN SENSORS BY PARKER LORD76
6.3.2JOBY AEROSPACE COMPLETED ALL-ELECTRIC FLIGHT WITH ELECTRIC VERTICAL TAKE-OFF AIR TAXI76
6.4SUPPLY CHAIN ANALYSIS76
FIGURE 23SUPPLY CHAIN ANALYSIS77
6.5IMPACT OF MEGATREND77
6.6INNOVATIONS AND PATENT ANALYSIS78
TABLE 8INNOVATION AND PATENT REGISTRATIONS, 2019–202378
7EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY80
7.1INTRODUCTION81
FIGURE 24VECTORED THRUST SEGMENT PROJECTED TO LEAD EVTOL AIRCRAFT MARKET DURING FORECAST PERIOD81
TABLE 9EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)81
TABLE 10EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)81
7.2VECTORED THRUST82
7.2.1BETTER EVTOL MANEUVERABILITY FOR OPTIMAL BUSINESS APPLICATIONS TO DRIVE MARKET82
7.3MULTIROTOR82
7.3.1UTILIZATION IN SHORT-RANGE OPERATIONS TO FUEL GROWTH82
7.4LIFT PLUS CRUISE83
7.4.1INCREASING ADOPTION BY LEADING EVTOL MANUFACTURERS TO DRIVE MARKET83
8EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE84
8.1INTRODUCTION85
FIGURE 25FULLY ELECTRIC SEGMENT PROJECTED TO LEAD MARKET FOR EVTOL AIRCRAFT DURING FORECAST PERIOD85
TABLE 11EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)85
TABLE 12EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)85
8.2FULLY ELECTRIC86
8.2.1SILENT AND EMISSION-FREE PROPULSION TO DRIVE MARKET86
8.3HYBRID ELECTRIC86
8.3.1LONGER RANGE AND LARGER TAKE-OFF WEIGHT CAPABILITIES TO BOOST MARKET86
8.4HYDROGEN ELECTRIC87
8.4.1HIGH EFFICIENCY, LOW NOISE, AND LOW VIBRATION TO FUEL GROWTH87
9EVTOL AIRCRAFT MARKET, BY SYSTEM88
9.1INTRODUCTION89
FIGURE 26BATTERIES AND CELLS SEGMENT TO LEAD EVTOL MARKET DURING FORECAST PERIOD89
TABLE 13EVTOL AIRCRAFT MARKET, BY SYSTEM, 2020–2022 (USD MILLION)89
TABLE 14EVTOL AIRCRAFT MARKET, BY SYSTEM, 2023–2030 (USD MILLION)90
9.2BATTERIES AND CELLS90
9.2.1ADVANCEMENTS OFFERING HIGH POWER DENSITY TO FUEL MARKET90
9.3ELECTRIC MOTORS/ENGINES90
9.3.1BETTER POWER DENSITY AND LONGER RANGE TO DRIVE MARKET90
9.4AEROSTRUCTURES91
9.4.1ENHANCED PERFORMANCE AND ENERGY AND LOWER COSTS TO BOOST MARKET91
9.5AVIONICS91
9.5.1ADVANCED AVIONICS FOR URBAN AIR TO DRIVE MARKET91
9.6SOFTWARE91
9.6.1INCREASED USAGE IN EVTOL AIRCRAFT TO DRIVE MARKET91
9.7OTHER SOLUTIONS92
9.7.1LOWER WEIGHT AND BETTER RELIABILITY TO DRIVE MARKET92
10EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION93
10.1INTRODUCTION94
FIGURE 27PILOTED SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD94
TABLE 15EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)94
TABLE 16EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)94
10.2PILOTED95
10.2.1NEED FOR QUICK TRANSPORTATION TO DRIVE MARKET95
10.3AUTONOMOUS95
10.3.1ADVANCED ALGORITHMS AND REAL-TIME SITUATIONAL AWARENESS TO INCREASE ADOPTION95
11EVTOL AIRCRAFT MARKET, BY APPLICATION96
11.1INTRODUCTION97
FIGURE 28LAST MILE DELIVERY SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD97
TABLE 17EVTOL AIRCRAFT MARKET, BY APPLICATION, 2020–2022 (USD MILLION)98
TABLE 18EVTOL AIRCRAFT MARKET, BY APPLICATION, 2023–2030 (USD MILLION)98
11.2AIR TAXIS99
11.2.1RAPIDLY EXPANDING MEGACITIES TO INCREASE DEMAND99
11.3AIR SHUTTLES AND AIR METROS99
11.3.1RAPID TRANSPORTATION BETWEEN LARGE METROPOLITAN AREAS TO FUEL MARKET99
11.4PRIVATE TRANSPORT99
11.4.1SPEED AND ROUTING EFFICIENCIES TO BOOST MARKET99
11.5CARGO TRANSPORT100
11.5.1DEVELOPMENT OF CARGO TRANSPORT URBAN AIR MOBILITY APPLICATIONS TO DRIVE MARKET100
11.6AIR AMBULANCE AND MEDICAL EMERGENCY100
11.6.1ORGAN TRANSPORT AND EMERGENCY MEDICAL SERVICES TO DRIVE MARKET100
11.7LAST MILE DELIVERY100
11.7.1INCREASED DEMAND FOR CONTACTLESS DELIVERIES TO DRIVE MARKET100
11.8INSPECTION AND MONITORING100
11.8.1DRONES EQUIPPED WITH MULTISPECTRAL SENSORS USED ACROSS INDUSTRIES TO BOOST MARKET100
11.9SURVEYING AND MAPPING101
11.9.1FASTER COLLECTION OF TOPOGRAPHIC DATA WITH LOWER WORKFORCE TO FUEL MARKET101
11.10SURVEILLANCE101
11.10.1HI-TECH EVTOLS WITH HIGHLY ADVANCED SURVEILLANCE CAPABILITIES TO DRIVE MARKET101
11.11SPECIAL MISSION102
11.11.1INCREASED ADOPTION FOR CRITICAL MISSIONS TO DRIVE MARKET102
11.12OTHER APPLICATIONS102
11.12.1RECREATIONAL APPLICATIONS TO DRIVE MARKET102
12EVTOL AIRCRAFT MARKET, BY MTOW103
12.1INTRODUCTION104
FIGURE 29EVTOL AIRCRAFT WITH MTOW OF 1,001-2,000 KG TO GROW AT HIGHEST RATE DURING FORECAST PERIOD104
TABLE 19EVTOL AIRCRAFT MARKET, BY MTOW, 2020–2022 (USD MILLION)104
TABLE 20EVTOL AIRCRAFT MARKET, BY MTOW, 2023–2030 (USD MILLION)104
12.2<100 KG105
12.2.1SHORT MILE APPLICATIONS TO DRIVE MARKET105
12.3100–1,000 KG105
12.3.1INCREASED CARGO TRANSPORTATION TO BOOST MARKET105
12.41,001–2,000 KG105
12.4.1INTERCITY TRANSPORT OF PASSENGERS AND CARGO TO FUEL MARKET105
12.5>2,000 KG106
12.5.1DEMAND FOR INTRACITY TRANSPORTATION OF HEAVY CARGO TO DRIVE MARKET106
13EVTOL AIRCRAFT MARKET, BY RANGE107
13.1INTRODUCTION108
FIGURE 30>200 KM SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD108
TABLE 21EVTOL AIRCRAFT MARKET, BY RANGE, 2020–2022 (USD MILLION)108
TABLE 22EVTOL AIRCRAFT MARKET, BY RANGE, 2023–2030 (USD MILLION)108
13.2<=200 KM109
13.2.1INTRACITY TRAVEL USING URBAN AIR MOBILITY SERVICES TO DRIVE MARKET109
13.3>200 KM109
13.3.1HIGHER BATTERY CAPACITY TO BOOST DEMAND109
14EVTOL AIRCRAFT MARKET, REGIONAL ANALYSIS110
14.1INTRODUCTION111
FIGURE 31EVTOL AIRCRAFT MARKET: REGIONAL SNAPSHOT111
TABLE 23EVTOL AIRCRAFT MARKET, BY REGION, 2020–2022 (USD MILLION)111
TABLE 24EVTOL AIRCRAFT MARKET, BY REGION, 2023–2030 (USD MILLION)112
14.2NORTH AMERICA112
FIGURE 32NORTH AMERICA: EVTOL AIRCRAFT MARKET SNAPSHOT113
14.2.1NORTH AMERICA: PESTLE ANALYSIS113
TABLE 25NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION)114
TABLE 26NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)115
TABLE 27NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)115
TABLE 28NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)115
TABLE 29NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)115
TABLE 30NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)116
14.2.2US116
14.2.2.1Presence of leading OEMs to drive market116
TABLE 31US: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)116
TABLE 32US: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)117
TABLE 33US: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)117
TABLE 34US: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)117
14.2.3CANADA117
14.2.3.1Aircraft modernization programs to boost market117
TABLE 35CANADA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)118
TABLE 36CANADA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)118
TABLE 37CANADA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)118
TABLE 38CANADA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)118
14.3EUROPE119
FIGURE 33EUROPE: EVTOL AIRCRAFT MARKET SNAPSHOT119
14.3.1EUROPE: PESTLE ANALYSIS120
TABLE 39EUROPE: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION)121
TABLE 40EUROPE: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)121
TABLE 41EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)121
TABLE 42EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)122
TABLE 43EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)122
TABLE 44EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)122
14.3.2UK122
14.3.2.1Technological advancements in air travel to drive market122
TABLE 45UK: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)123
TABLE 46UK: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)123
TABLE 47UK: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)123
TABLE 48UK: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)123
14.3.3FRANCE124
14.3.3.1Significant investments in aviation industry to boost market124
TABLE 49FRANCE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)124
TABLE 50FRANCE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)124
TABLE 51FRANCE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)124
TABLE 52FRANCE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)125
14.3.4GERMANY125
14.3.4.1Rising investments in air travel and connectivity to fuel market125
TABLE 53GERMANY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)125
TABLE 54GERMANY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)125
TABLE 55GERMANY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)126
TABLE 56GERMANY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)126
14.3.5SWITZERLAND126
14.3.5.1Increasing development toward zero-carbon emission goal to fuel market126
TABLE 57SWITZERLAND: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)126
TABLE 58SWITZERLAND: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)127
TABLE 59SWITZERLAND: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)127
TABLE 60SWITZERLAND: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)127
14.3.6NETHERLANDS127
14.3.6.1Strategic partnerships in UAM ecosystem to boost market127
TABLE 61NETHERLANDS: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)128
TABLE 62NETHERLANDS: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)128
TABLE 63NETHERLANDS: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)128
TABLE 64NETHERLANDS: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)128
14.3.7REST OF EUROPE129
14.3.7.1Presence of leading manufacturers and need to reduce carbon footprint to drive market129
TABLE 65REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)129
TABLE 66REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)129
TABLE 67REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)129
TABLE 68REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)130
14.4MIDDLE EAST130
FIGURE 34MIDDLE EAST: EVTOL AIRCRAFT MARKET SNAPSHOT131
14.4.1MIDDLE EAST: PESTLE ANALYSIS131
TABLE 69MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION)132
TABLE 70MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)133
TABLE 71MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)133
TABLE 72MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)133
TABLE 73MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)134
TABLE 74MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)134
14.4.2ISRAEL134
14.4.2.1Increased spending on R&D for UAVs for military and commercial applications to drive market134
TABLE 75ISRAEL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)135
TABLE 76ISRAEL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)135
TABLE 77ISRAEL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)135
TABLE 78ISRAEL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)135
14.4.3UAE136
14.4.3.1Increased focus on efficient urban air mobility ecosystem to boost market136
TABLE 79UAE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)136
TABLE 80UAE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)136
TABLE 81UAE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)136
TABLE 82UAE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)137
14.4.4SAUDI ARABIA137
14.4.4.1Increased investments in eVTOL technology to boost market137
TABLE 83SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)137
TABLE 84SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)137
TABLE 85SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)138
TABLE 86SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)138
14.4.5TURKEY138
14.4.5.1Increased spending on technologically advanced UAVs and eVTOL aircraft to boost market138
TABLE 87TURKEY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)138
TABLE 88TURKEY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)139
TABLE 89TURKEY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)139
TABLE 90TURKEY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)139
14.4.6REST OF MIDDLE EAST139
14.4.6.1Increasing military spending to fuel market139
TABLE 91REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)140
TABLE 92REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)140
TABLE 93REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)140
TABLE 94REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)140
14.5ASIA PACIFIC141
FIGURE 35ASIA PACIFIC: EVTOL AIRCRAFT MARKET SNAPSHOT141
14.5.1ASIA PACIFIC: PESTLE ANALYSIS142
TABLE 95ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION)143
TABLE 96ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)143
TABLE 97ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)143
TABLE 98ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)144
TABLE 99ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)144
TABLE 100ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)144
14.5.2CHINA144
14.5.2.1Increasing domestic travel and air traffic to drive market144
TABLE 101CHINA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)145
TABLE 102CHINA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)145
TABLE 103CHINA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)145
TABLE 104CHINA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)145
14.5.3INDIA146
14.5.3.1Five-year modernization plan for armed forces to boost market146
TABLE 105INDIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)146
TABLE 106INDIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)146
TABLE 107INDIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)146
TABLE 108INDIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)147
14.5.4JAPAN147
14.5.4.1In-house development of eVTOL aircraft to drive market147
TABLE 109JAPAN: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)147
TABLE 110JAPAN: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)147
TABLE 111JAPAN: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)148
TABLE 112JAPAN: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)148
14.5.5AUSTRALIA148
14.5.5.1Increased air traffic and new aircraft deliveries to fuel market148
TABLE 113AUSTRALIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)148
TABLE 114AUSTRALIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)149
TABLE 115AUSTRALIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)149
TABLE 116AUSTRALIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)149
14.5.6SOUTH KOREA149
14.5.6.1Growing commercialization of urban taxis and fully autonomous UAM to drive market149
TABLE 117SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)150
TABLE 118SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)150
TABLE 119SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)150
TABLE 120SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)150
14.5.7REST OF ASIA PACIFIC151
14.5.7.1Increased UAM investment and military spending to drive market151
TABLE 121REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)151
TABLE 122REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)151
TABLE 123REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)151
TABLE 124REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)152
14.6LATIN AMERICA152
FIGURE 36LATIN AMERICA: EVTOL AIRCRAFT MARKET SNAPSHOT152
14.6.1LATIN AMERICA: PESTLE ANALYSIS153
TABLE 125LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION)154
TABLE 126LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)154
TABLE 127LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)154
TABLE 128LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)154
TABLE 129LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)155
TABLE 130LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)155
14.6.2BRAZIL155
14.6.2.1Huge investments from manufacturing companies to drive market155
TABLE 131BRAZIL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)155
TABLE 132BRAZIL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)156
TABLE 133BRAZIL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)156
TABLE 134BRAZIL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)156
14.6.3MEXICO156
14.6.3.1Growing demand for urban air mobility to fuel market156
TABLE 135MEXICO: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)157
TABLE 136MEXICO: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)157
TABLE 137MEXICO: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)157
TABLE 138MEXICO: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)157
14.6.4REST OF LATIN AMERICA158
14.6.4.1Favorable government policies and regulatory developments to boost market158
TABLE 139REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)158
TABLE 140REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)158
TABLE 141REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)158
TABLE 142REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)159
14.7AFRICA159
FIGURE 37AFRICA: EVTOL AIRCRAFT MARKET SNAPSHOT159
TABLE 143AFRICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)160
TABLE 144AFRICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)160
TABLE 145AFRICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)160
TABLE 146AFRICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)160
14.7.1SOUTH AFRICA161
14.7.1.1Government support and investment in infrastructure development to drive market161
14.7.2NIGERIA161
14.7.2.1Growing demand for innovative mobility solutions to drive market161
14.7.3REST OF AFRICA161
14.7.3.1Rising awareness and interest in sustainable mobility solutions to boost market161
15COMPETITIVE LANDSCAPE162
15.1INTRODUCTION162
15.2RANKING OF LEADING PLAYERS, 2023162
FIGURE 38MARKET RANKING OF LEADING PLAYERS IN EVTOL AIRCRAFT MARKET, 2023162
15.3MARKET SHARE ANALYSIS, 2022162
FIGURE 39MARKET SHARE OF TOP PLAYERS IN EVTOL AIRCRAFT MARKET, 2022162
FIGURE 40REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2022163
15.4COMPETITIVE OVERVIEW164
TABLE 147KEY DEVELOPMENTS BY LEADING PLAYERS IN EVTOL AIRCRAFT MARKET (2021–2023)164
15.5COMPANY PRODUCT FOOTPRINT ANALYSIS165
TABLE 148COMPANY FOOTPRINT165
TABLE 149APPLICATION FOOTPRINT166
TABLE 150RANGE FOOTPRINT167
TABLE 151SYSTEM FOOTPRINT168
TABLE 152REGIONAL FOOTPRINT169
15.6COMPANY EVALUATION MATRIX170
15.6.1STARS170
15.6.2EMERGING LEADERS170
15.6.3PERVASIVE PLAYERS170
15.6.4PARTICIPANTS170
FIGURE 41EVTOL AIRCRAFT MARKET COMPETITIVE LEADERSHIP MAPPING, 2023171
15.7STARTUP/SME EVALUATION MATRIX171
15.7.1PROGRESSIVE COMPANIES171
15.7.2RESPONSIVE COMPANIES171
15.7.3DYNAMIC COMPANIES172
15.7.4STARTING BLOCKS172
FIGURE 42EVTOL AIRCRAFT MARKET: STARTUP/SME COMPETITIVE LEADERSHIP MAPPING, 2023172
15.7.5COMPETITIVE BENCHMARKING173
TABLE 153EVTOL AIRCRAFT MARKET: DETAILED LIST OF KEY STARTUP/SMES173
15.8COMPETITIVE SCENARIO173
15.8.1DEALS173
TABLE 154DEALS, 2021–2023173
15.8.2PRODUCT LAUNCHES177
16COMPANY PROFILES178
16.1KEY PLAYERS178
(Business overview, Products offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats)*
16.1.1AIRBUS SE178
TABLE 155AIRBUS SE: COMPANY OVERVIEW178
FIGURE 43AIRBUS SE: COMPANY SNAPSHOT179
TABLE 156AIRBUS SE: PRODUCTS OFFERED 179
TABLE 157AIRBUS SE: DEALS180
16.1.2ELBIT SYSTEMS LTD.182
TABLE 158ELBIT SYSTEMS LTD.: COMPANY OVERVIEW182
FIGURE 44ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT183
TABLE 159ELBIT SYSTEMS LTD.: PRODUCTS OFFERED 183
TABLE 160ELBIT SYSTEMS LTD.: DEALS184
16.1.3BELL TEXTRON INC.185
TABLE 161BELL TEXTRON INC.: COMPANY OVERVIEW185
FIGURE 45BELL TEXTRON INC.: COMPANY SNAPSHOT185
TABLE 162BELL TEXTRON INC.: PRODUCTS OFFERED 186
16.1.4EHANG HOLDINGS LTD.188
TABLE 163EHANG HOLDINGS LTD.: COMPANY OVERVIEW188
FIGURE 46EHANG HOLDINGS LTD.: COMPANY SNAPSHOT189
TABLE 164EHANG HOLDINGS LTD.: PRODUCTS OFFERED 189
TABLE 165EHANG HOLDINGS LTD.: DEALS190
16.1.5EMBRAER SA191
TABLE 166EMBRAER SA: COMPANY OVERVIEW191
FIGURE 47EMBRAER SA: COMPANY SNAPSHOT192
TABLE 167EMBRAER SA: PRODUCTS OFFERED 192
TABLE 168EMBRAER SA: DEALS193
16.1.6ISRAEL AEROSPACE INDUSTRIES195
TABLE 169ISRAEL AEROSPACE INDUSTRIES: COMPANY OVERVIEW195
FIGURE 48ISRAEL AEROSPACE INDUSTRIES: COMPANY SNAPSHOT195
TABLE 170ISRAEL AEROSPACE INDUSTRIES: PRODUCTS OFFERED 196
16.1.7PIPISTREL197
TABLE 171PIPISTREL: COMPANY OVERVIEW197
TABLE 172PIPISTREL: PRODUCTS OFFERED 197
TABLE 173PIPISTREL: DEALS198
16.1.8ELROY AIR199
TABLE 174ELROY AIR: COMPANY OVERVIEW199
TABLE 175ELROY AIR: PRODUCTS OFFERED 199
TABLE 176ELROY AIR: DEALS199
16.1.9LILIUM GMBH200
TABLE 177LILIUM GMBH: COMPANY OVERVIEW200
TABLE 178LILIUM GMBH: PRODUCTS OFFERED 200
TABLE 179LILIUM GMBH: DEALS200
16.1.10JOBY AVIATION, INC.202
TABLE 180JOBY AVIATION, INC.: COMPANY OVERVIEW202
TABLE 181JOBY AVIATION, INC.: PRODUCTS OFFERED 202
TABLE 182JOBY AVIATION, INC.: DEALS203
16.1.11ARCHER AVIATION INC.204
TABLE 183ARCHER AVIATION INC.: COMPANY OVERVIEW204
TABLE 184ARCHER AVIATION INC.: PRODUCTS OFFERED 204
TABLE 185ARCHER AVIATION INC.: DEALS205
16.1.12VOLOCOPTER GMBH206
TABLE 186VOLOCOPTER GMBH: COMPANY OVERVIEW206
TABLE 187VOLOCOPTER GMBH: PRODUCTS OFFERED 206
TABLE 188VOLOCOPTER GMBH: DEALS207
16.1.13SZ DJI TECHNOLOGY CO., LTD.209
TABLE 189SZ DJI TECHNOLOGY CO., LTD.: COMPANY OVERVIEW209
TABLE 190SZ DJI TECHNOLOGY CO., LTD.: PRODUCTS OFFERED 209
16.1.14SAMAD AEROSPACE211
TABLE 191SAMAD AEROSPACE: COMPANY OVERVIEW211
TABLE 192SAMAD AEROSPACE: PRODUCTS OFFERED 211
16.1.15AURORA FLIGHT SCIENCES212
TABLE 193AURORA FLIGHT SCIENCES: COMPANY OVERVIEW212
TABLE 194AURORA FLIGHT SCIENCES: PRODUCTS OFFERED 212
TABLE 195AURORA FLIGHT SCIENCES: DEALS213
16.1.16VERTICAL AEROSPACE GROUP LTD.214
TABLE 196VERTICAL AEROSPACE GROUP LTD.: COMPANY OVERVIEW214
TABLE 197VERTICAL AEROSPACE GROUP LTD.: PRODUCTS OFFERED 214
TABLE 198VERTICAL AEROSPACE GROUP LTD.: DEALS214
16.1.17URBAN AERONAUTICS LTD.216
TABLE 199URBAN AERONAUTICS LTD.: COMPANY OVERVIEW216
TABLE 200URBAN AERONAUTICS LTD.: PRODUCTS OFFERED 216
TABLE 201URBAN AERONAUTICS LTD.: DEALS216
16.2OTHER PLAYERS217
16.2.1JAUNT AIR MOBILITY217
16.2.2OVERAIR217
16.2.3BETA TECHNOLOGIES218
16.2.4DELOREAN AEROSPACE218
16.2.5SKYDRIVE INC.218
16.2.6TERRAFUGIA219
16.2.7WISK AERO LLC219
16.2.8OPENER, INC.219
*Details on Business overview, Products offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
17APPENDIX220
17.1DISCUSSION GUIDE220
17.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL223
17.3CUSTOMIZATION OPTIONS225
17.4RELATED REPORTS225
17.5AUTHOR DETAILS226
“ Increasing need for an alternative mode of transport. “
The increasing demand for alternative modes of transport is propelling the EVTOL market due to several factors. Firstly, congested urban areas and traffic congestion have created a need for efficient and time-saving transportation solutions. EVTOL aircraft offer the potential for vertical takeoff and landing, bypassing traditional road networks and enabling faster point-to-point travel. Secondly, the growing concerns over environmental sustainability and the need to reduce carbon emissions have intensified the demand for electric-powered transportation. EVTOLs, being electrically driven, align with these sustainability goals. Lastly, the rapid advancements in technology, such as battery efficiency and autonomy, have made EVTOLs more viable and safer, generating increased interest from both consumers and investors in this transformative mode of transportation.
“Based on Application Type, the Cargo Transport segment accounts for the highest growth rate during the forecast period.”
Based on application, the eVTOL Aircraft market has been segmented into Air Taxis, Air Shuttles & Air Metro, Private Transport, Cargo Transport, Air Ambulance & Medical Emergency Last Mile Delivery, Inspection & Monitoring, Surveying & Mapping, Spraying & Seeding, & Special Mission. Cargo transport based on the EVTOL application type is experiencing the highest growth rate in the market due to several key reasons.
Firstly, there is a rising demand for efficient and fast delivery of goods, driven by the growth of e-commerce and on-demand services. EVTOLs offer the potential for expedited delivery by bypassing traditional ground transportation constraints and congested road networks. Additionally, cargo transport EVTOLs can operate beyond existing infrastructure, enabling direct delivery to remote or challenging-to-reach locations. Furthermore, the higher profit margins associated with cargo transport make it an attractive market segment for investment and innovation. Overall, the combination of speed, flexibility, and profitability positions cargo transport as the leading growth driver in the EVTOL market.
“Based on the Propulsion type, the Hybrid segment is projected to grow at the highest rate during the forecast period.”
Based on Propulsion Type, the eVTOL Aircraft market has been segmented into fully electric, hybrid, and electric hydrogen. The hybrid mode of propulsion based on the EVTOL propulsion type is experiencing the highest growth rate in the market due to several compelling factors. Firstly, hybrid propulsion combines the benefits of electric power, such as lower emissions and quieter operations, with the extended range and faster refueling capabilities of conventional fuel-based systems.
This versatility appeals to a wide range of applications, including longer-distance travel and intercity connections. Secondly, the hybrid approach addresses the limitations of fully electric or conventional propulsion, providing a balanced solution that meets regulatory requirements and operational needs. Lastly, advancements in hybrid propulsion technology, including improved energy storage and power management systems, have enhanced performance and reliability, further driving the adoption and growth of this propulsion type in the EVTOL market.
“Asia Pacific is projected to grow at the highest CAGR during the forecast period.”
The APAC region is estimated to account for the highest growth rate in the eVTOL Aircraft market during the forecast period. In this region, the eVTOL Aircraft market has been studied for China, India, Japan, Australia, South Korea, and the Rest of APAC. Countries in the Asia Pacific region are upgrading their capabilities by undergoing developments in the field of eVTOL Aircraft. The region's dense population and expanding urban areas necessitate innovative transportation solutions to combat traffic congestion, making EVTOLs an attractive option with their vertical takeoff and landing capabilities. Secondly, countries like China, Japan, and South Korea have made significant investments in technological advancements and innovation, fostering a conducive environment for EVTOL development.
Government support through favorable policies, regulations, and infrastructure development further bolsters the growth prospects of the industry. The region's flourishing e-commerce market and rising middle-class population also drive the demand for expedited deliveries and efficient transportation options, which EVTOLs can provide. Moreover, Asia-Pacific economies increasingly prioritize sustainability and carbon emission reduction, aligning with EVTOLs' electrically powered nature and positioning them as a preferred choice for consumers and governments. With these factors combined, the Asia-Pacific region is well-positioned to witness substantial growth in the EVTOL market as it addresses the pressing transportation challenges, harnesses technological advancements, and embraces sustainability goals.
The break-up of the profile of primary participants in the ultralight and light aircraft market:
•By Company Type: Tier 1 – 49%, Tier 2 – 37%, and Tier 3 – 14%
•By Designation: C Level – 55%, Director Level – 27%, and Others – 18%
•By Region: North America – 45%, Europe – 27%, Asia Pacific –16%, Middle East- 7% Latin America- 3%, Africa- 2%.
Major players operating in the eVTOL Aircraft market are Jaunt Air Mobility (US), Lilium (Germany), Volocopter (Germany), and EHang (China), among others.
Research Coverage:
This research report categorizes the eVTOL Aircraft market basis of Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise), By Propulsion Type (Fully Electric, Hybrid, Electric Hydrogen), System (Batteries & Cells, Electric Motors/Engine, Aerostructures, Avionics, Software, Others (Actuators, Distribution Devices)), Mode of Operation (Piloted, Autonomous), Application (Air Taxis, Air Shuttles & Air Metro, Private Transport, Cargo Transport, Air Ambulance & Medical Emergency Last Mile Delivery, Inspection & Monitoring, Surveying & Mapping, Spraying & Seeding, Special Mission), MTOW ( < 250 Kg, 250 – 1000 Kg, 1000 – 2000 Kg, > 2000 Kg), Range ( < 200 Km, > 200 Km) in these segments have been mapped across major Regions (North America, Europe, Asia Pacific, Middle East, Africa & Latin America).
The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the eVTOL Aircraft market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; agreements, collaborations, new product launches, contracts, expansion, acquisitions, and partnerships associated with the eVTOL Aircraft market. Competitive analysis of upcoming startups in the eVTOL Aircraft market ecosystem is covered in this report.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall eVTOL Aircraft market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
•Market Penetration: Comprehensive information on eVTOL Aircraft offered by the top players in the market
•Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the eVTOL Aircraft market
•Market Development: Comprehensive information about lucrative markets – the report analyzes the eVTOL Aircraft market across varied regions
•Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the eVTOL Aircraft market.
•Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the eVTOL Aircraft market.
1INTRODUCTION34
1.1STUDY OBJECTIVES34
1.2MARKET DEFINITION34
1.3MARKET SCOPE35
1.3.1MARKETS COVERED35
FIGURE 1EVTOL AIRCRAFT MARKET SEGMENTATION35
1.3.2YEARS CONSIDERED35
1.3.3REGIONAL SCOPE36
1.4INCLUSIONS AND EXCLUSIONS36
TABLE 1INCLUSIONS AND EXCLUSIONS IN EVTOL AIRCRAFT MARKET36
1.5CURRENCY CONSIDERED36
1.6LIMITATIONS37
1.7MARKET STAKEHOLDERS37
1.8SUMMARY OF CHANGES38
2RESEARCH METHODOLOGY39
2.1RESEARCH DATA39
FIGURE 2REPORT PROCESS FLOW39
FIGURE 3RESEARCH DESIGN40
2.1.1SECONDARY DATA40
2.1.2PRIMARY DATA41
2.1.2.1Key primary sources41
2.1.2.2Key primary insights41
2.2MARKET SIZE ESTIMATION42
2.2.1SEGMENTS AND SUBSEGMENTS42
2.3RESEARCH APPROACH AND METHODOLOGY43
2.3.1BOTTOM-UP APPROACH43
2.3.1.1Market size estimation43
FIGURE 4MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (DEMAND-SIDE)44
FIGURE 5MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY-SIDE)44
2.3.2TOP-DOWN APPROACH44
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH45
2.4DATA TRIANGULATION AND VALIDATION45
FIGURE 7DATA TRIANGULATION45
2.4.1TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH46
2.5GROWTH RATE FACTORS46
2.6RISKS46
2.7RESEARCH ASSUMPTIONS46
3EXECUTIVE SUMMARY47
FIGURE 8BATTERIES AND CELLS TO ACCOUNT FOR LARGEST MARKET SHARE IN 202347
FIGURE 9EVTOL AIRCRAFT, BY LIFT TECHNOLOGY, 202347
FIGURE 10FULLY ELECTRIC SEGMENT TO DOMINATE MARKET IN 202348
FIGURE 11EVTOL AIRCRAFT MARKET IN LATIN AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD48
4PREMIUM INSIGHTS50
4.1OVERVIEW OF ATTRACTIVE OPPORTUNITIES IN EVTOL AIRCRAFT MARKET50
FIGURE 12GROWING NEED FOR CLEANER AND QUIETER AIRCRAFT TO DRIVE MARKET DURING FORECAST PERIOD50
4.2EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION50
FIGURE 13AUTONOMOUS SEGMENT PROJECTED TO LEAD MARKET FROM 2023 TO 203050
4.3EVTOL AIRCRAFT MARKET, BY MTOW51
FIGURE 14100-1,000 KG SEGMENT PROJECTED TO HAVE HIGHEST SHARE DURING FORECAST PERIOD51
4.4EVTOL AIRCRAFT MARKET, BY RANGE51
FIGURE 15<=200 KM SEGMENT PROJECTED TO ACCOUNT FOR HIGHEST MARKET SHARE DURING FORECAST PERIOD51
4.5EVTOL AIRCRAFT MARKET, BY TOP COUNTRIES52
FIGURE 16EVTOL AIRCRAFT MARKET IN NETHERLANDS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD52
5MARKET OVERVIEW53
5.1INTRODUCTION53
5.2MARKET DYNAMICS54
FIGURE 17EVTOL AIRCRAFT MARKET DYNAMICS54
5.2.1DRIVERS54
5.2.1.1Growing need for green energy and noise-free aircraft54
5.2.1.2Increasing demand for alternative mode of transport55
FIGURE 18GROWING POPULATION ACROSS REGIONS TO INCREASE DEMAND FOR ALTERNATIVE MODE OF TRANSPORTATION55
5.2.1.3Improving technologies in batteries, motors, and power electronics56
5.2.2RESTRAINTS57
5.2.2.1Battery failures due to high voltage and thermal issues57
5.2.2.2Crash due to software failures57
5.2.2.3Certification issues58
FIGURE 19EVTOL CERTIFICATION ECOSYSTEM58
5.2.3OPPORTUNITIES58
5.2.3.1Strategic developments58
5.2.3.2Upcoming application areas59
5.2.4CHALLENGES59
5.2.4.1Safety issues59
5.2.4.2Lack of regulatory standards60
5.3VALUE CHAIN ANALYSIS60
FIGURE 20EVTOL AIRCRAFT MARKET: VALUE CHAIN ANALYSIS60
5.3.1RAW MATERIALS61
5.3.2R&D61
5.3.3COMPONENT MANUFACTURING61
5.3.4OEMS61
5.3.5END USERS61
5.4EVTOL AIRCRAFT MARKET ECOSYSTEM61
5.4.1PROMINENT COMPANIES61
5.4.2PRIVATE AND SMALL ENTERPRISES62
5.4.3END USERS62
FIGURE 21EVTOL AIRCRAFT MARKET ECOSYSTEM62
TABLE 2EVTOL AIRCRAFT MARKET ECOSYSTEM62
5.5DISRUPTION IMPACTING CUSTOMER’S BUSINESS63
FIGURE 22EVTOL AIRCRAFT MARKET ECOSYSTEM63
5.6TRADE DATA ANALYSIS64
5.7PORTER’S FIVE FORCES ANALYSIS65
TABLE 3PORTER’S FIVE FORCES ANALYSIS65
5.7.1THREAT OF NEW ENTRANTS66
5.7.2THREAT OF SUBSTITUTES66
5.7.3BARGAINING POWER OF SUPPLIERS66
5.7.4BARGAINING POWER OF BUYERS66
5.7.5INTENSITY OF COMPETITIVE RIVALRY66
5.8AVERAGE SELLING PRICE67
TABLE 4AVERAGE SELLING PRICE: EVTOL MARKET, BY LIFT TECHNOLOGY67
5.9VOLUME ANALYSIS67
TABLE 5EVTOL AIRCRAFT MARKET, BY VOLUME, 2020–2022 (USD MILLION)67
TABLE 6EVTOL AIRCRAFT MARKET, BY VOLUME, 2020–2030 (USD MILLION)67
5.10TECHNOLOGY ANALYSIS67
5.10.1LITHIUM-SULFUR BATTERIES67
5.10.2HYDROGEN FUEL CELLS68
5.11TARIFF AND REGULATORY LANDSCAPE68
5.11.1THE EUROPEAN UNION AVIATION SAFETY AGENCY (EASA) REGULATION68
5.11.2FEDERAL AVIATION ADMINISTRATION (FAA) REGULATION68
5.12KEY CONFERENCES AND EVENTS, 2023–202469
TABLE 7EVTOL AIRCRAFT MARKET: DETAILED LIST OF CONFERENCES AND EVENTS69
6INDUSTRY TRENDS73
6.1INTRODUCTION73
6.2EMERGING TRENDS73
6.2.1ARTIFICIAL INTELLIGENCE (AI)73
6.2.2BIG DATA ANALYTICS74
6.2.3INTERNET OF THINGS (IOT)74
6.2.4CYCLOROTOR EVTOL75
6.2.5URBAN AIR MOBILITY75
6.2.6ENERGY HARVESTING75
6.3CASE STUDIES76
6.3.1BETA TECHNOLOGIES DEVELOPED EVTOL AIRCRAFT WITH MICROSTRAIN SENSORS BY PARKER LORD76
6.3.2JOBY AEROSPACE COMPLETED ALL-ELECTRIC FLIGHT WITH ELECTRIC VERTICAL TAKE-OFF AIR TAXI76
6.4SUPPLY CHAIN ANALYSIS76
FIGURE 23SUPPLY CHAIN ANALYSIS77
6.5IMPACT OF MEGATREND77
6.6INNOVATIONS AND PATENT ANALYSIS78
TABLE 8INNOVATION AND PATENT REGISTRATIONS, 2019–202378
7EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY80
7.1INTRODUCTION81
FIGURE 24VECTORED THRUST SEGMENT PROJECTED TO LEAD EVTOL AIRCRAFT MARKET DURING FORECAST PERIOD81
TABLE 9EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)81
TABLE 10EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)81
7.2VECTORED THRUST82
7.2.1BETTER EVTOL MANEUVERABILITY FOR OPTIMAL BUSINESS APPLICATIONS TO DRIVE MARKET82
7.3MULTIROTOR82
7.3.1UTILIZATION IN SHORT-RANGE OPERATIONS TO FUEL GROWTH82
7.4LIFT PLUS CRUISE83
7.4.1INCREASING ADOPTION BY LEADING EVTOL MANUFACTURERS TO DRIVE MARKET83
8EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE84
8.1INTRODUCTION85
FIGURE 25FULLY ELECTRIC SEGMENT PROJECTED TO LEAD MARKET FOR EVTOL AIRCRAFT DURING FORECAST PERIOD85
TABLE 11EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)85
TABLE 12EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)85
8.2FULLY ELECTRIC86
8.2.1SILENT AND EMISSION-FREE PROPULSION TO DRIVE MARKET86
8.3HYBRID ELECTRIC86
8.3.1LONGER RANGE AND LARGER TAKE-OFF WEIGHT CAPABILITIES TO BOOST MARKET86
8.4HYDROGEN ELECTRIC87
8.4.1HIGH EFFICIENCY, LOW NOISE, AND LOW VIBRATION TO FUEL GROWTH87
9EVTOL AIRCRAFT MARKET, BY SYSTEM88
9.1INTRODUCTION89
FIGURE 26BATTERIES AND CELLS SEGMENT TO LEAD EVTOL MARKET DURING FORECAST PERIOD89
TABLE 13EVTOL AIRCRAFT MARKET, BY SYSTEM, 2020–2022 (USD MILLION)89
TABLE 14EVTOL AIRCRAFT MARKET, BY SYSTEM, 2023–2030 (USD MILLION)90
9.2BATTERIES AND CELLS90
9.2.1ADVANCEMENTS OFFERING HIGH POWER DENSITY TO FUEL MARKET90
9.3ELECTRIC MOTORS/ENGINES90
9.3.1BETTER POWER DENSITY AND LONGER RANGE TO DRIVE MARKET90
9.4AEROSTRUCTURES91
9.4.1ENHANCED PERFORMANCE AND ENERGY AND LOWER COSTS TO BOOST MARKET91
9.5AVIONICS91
9.5.1ADVANCED AVIONICS FOR URBAN AIR TO DRIVE MARKET91
9.6SOFTWARE91
9.6.1INCREASED USAGE IN EVTOL AIRCRAFT TO DRIVE MARKET91
9.7OTHER SOLUTIONS92
9.7.1LOWER WEIGHT AND BETTER RELIABILITY TO DRIVE MARKET92
10EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION93
10.1INTRODUCTION94
FIGURE 27PILOTED SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD94
TABLE 15EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION)94
TABLE 16EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION)94
10.2PILOTED95
10.2.1NEED FOR QUICK TRANSPORTATION TO DRIVE MARKET95
10.3AUTONOMOUS95
10.3.1ADVANCED ALGORITHMS AND REAL-TIME SITUATIONAL AWARENESS TO INCREASE ADOPTION95
11EVTOL AIRCRAFT MARKET, BY APPLICATION96
11.1INTRODUCTION97
FIGURE 28LAST MILE DELIVERY SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD97
TABLE 17EVTOL AIRCRAFT MARKET, BY APPLICATION, 2020–2022 (USD MILLION)98
TABLE 18EVTOL AIRCRAFT MARKET, BY APPLICATION, 2023–2030 (USD MILLION)98
11.2AIR TAXIS99
11.2.1RAPIDLY EXPANDING MEGACITIES TO INCREASE DEMAND99
11.3AIR SHUTTLES AND AIR METROS99
11.3.1RAPID TRANSPORTATION BETWEEN LARGE METROPOLITAN AREAS TO FUEL MARKET99
11.4PRIVATE TRANSPORT99
11.4.1SPEED AND ROUTING EFFICIENCIES TO BOOST MARKET99
11.5CARGO TRANSPORT100
11.5.1DEVELOPMENT OF CARGO TRANSPORT URBAN AIR MOBILITY APPLICATIONS TO DRIVE MARKET100
11.6AIR AMBULANCE AND MEDICAL EMERGENCY100
11.6.1ORGAN TRANSPORT AND EMERGENCY MEDICAL SERVICES TO DRIVE MARKET100
11.7LAST MILE DELIVERY100
11.7.1INCREASED DEMAND FOR CONTACTLESS DELIVERIES TO DRIVE MARKET100
11.8INSPECTION AND MONITORING100
11.8.1DRONES EQUIPPED WITH MULTISPECTRAL SENSORS USED ACROSS INDUSTRIES TO BOOST MARKET100
11.9SURVEYING AND MAPPING101
11.9.1FASTER COLLECTION OF TOPOGRAPHIC DATA WITH LOWER WORKFORCE TO FUEL MARKET101
11.10SURVEILLANCE101
11.10.1HI-TECH EVTOLS WITH HIGHLY ADVANCED SURVEILLANCE CAPABILITIES TO DRIVE MARKET101
11.11SPECIAL MISSION102
11.11.1INCREASED ADOPTION FOR CRITICAL MISSIONS TO DRIVE MARKET102
11.12OTHER APPLICATIONS102
11.12.1RECREATIONAL APPLICATIONS TO DRIVE MARKET102
12EVTOL AIRCRAFT MARKET, BY MTOW103
12.1INTRODUCTION104
FIGURE 29EVTOL AIRCRAFT WITH MTOW OF 1,001-2,000 KG TO GROW AT HIGHEST RATE DURING FORECAST PERIOD104
TABLE 19EVTOL AIRCRAFT MARKET, BY MTOW, 2020–2022 (USD MILLION)104
TABLE 20EVTOL AIRCRAFT MARKET, BY MTOW, 2023–2030 (USD MILLION)104
12.2<100 KG105
12.2.1SHORT MILE APPLICATIONS TO DRIVE MARKET105
12.3100–1,000 KG105
12.3.1INCREASED CARGO TRANSPORTATION TO BOOST MARKET105
12.41,001–2,000 KG105
12.4.1INTERCITY TRANSPORT OF PASSENGERS AND CARGO TO FUEL MARKET105
12.5>2,000 KG106
12.5.1DEMAND FOR INTRACITY TRANSPORTATION OF HEAVY CARGO TO DRIVE MARKET106
13EVTOL AIRCRAFT MARKET, BY RANGE107
13.1INTRODUCTION108
FIGURE 30>200 KM SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD108
TABLE 21EVTOL AIRCRAFT MARKET, BY RANGE, 2020–2022 (USD MILLION)108
TABLE 22EVTOL AIRCRAFT MARKET, BY RANGE, 2023–2030 (USD MILLION)108
13.2<=200 KM109
13.2.1INTRACITY TRAVEL USING URBAN AIR MOBILITY SERVICES TO DRIVE MARKET109
13.3>200 KM109
13.3.1HIGHER BATTERY CAPACITY TO BOOST DEMAND109
14EVTOL AIRCRAFT MARKET, REGIONAL ANALYSIS110
14.1INTRODUCTION111
FIGURE 31EVTOL AIRCRAFT MARKET: REGIONAL SNAPSHOT111
TABLE 23EVTOL AIRCRAFT MARKET, BY REGION, 2020–2022 (USD MILLION)111
TABLE 24EVTOL AIRCRAFT MARKET, BY REGION, 2023–2030 (USD MILLION)112
14.2NORTH AMERICA112
FIGURE 32NORTH AMERICA: EVTOL AIRCRAFT MARKET SNAPSHOT113
14.2.1NORTH AMERICA: PESTLE ANALYSIS113
TABLE 25NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION)114
TABLE 26NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)115
TABLE 27NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)115
TABLE 28NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)115
TABLE 29NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)115
TABLE 30NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)116
14.2.2US116
14.2.2.1Presence of leading OEMs to drive market116
TABLE 31US: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)116
TABLE 32US: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)117
TABLE 33US: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)117
TABLE 34US: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)117
14.2.3CANADA117
14.2.3.1Aircraft modernization programs to boost market117
TABLE 35CANADA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)118
TABLE 36CANADA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)118
TABLE 37CANADA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)118
TABLE 38CANADA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)118
14.3EUROPE119
FIGURE 33EUROPE: EVTOL AIRCRAFT MARKET SNAPSHOT119
14.3.1EUROPE: PESTLE ANALYSIS120
TABLE 39EUROPE: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION)121
TABLE 40EUROPE: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)121
TABLE 41EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)121
TABLE 42EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)122
TABLE 43EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)122
TABLE 44EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)122
14.3.2UK122
14.3.2.1Technological advancements in air travel to drive market122
TABLE 45UK: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)123
TABLE 46UK: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)123
TABLE 47UK: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)123
TABLE 48UK: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)123
14.3.3FRANCE124
14.3.3.1Significant investments in aviation industry to boost market124
TABLE 49FRANCE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)124
TABLE 50FRANCE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)124
TABLE 51FRANCE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)124
TABLE 52FRANCE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)125
14.3.4GERMANY125
14.3.4.1Rising investments in air travel and connectivity to fuel market125
TABLE 53GERMANY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)125
TABLE 54GERMANY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)125
TABLE 55GERMANY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)126
TABLE 56GERMANY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)126
14.3.5SWITZERLAND126
14.3.5.1Increasing development toward zero-carbon emission goal to fuel market126
TABLE 57SWITZERLAND: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)126
TABLE 58SWITZERLAND: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)127
TABLE 59SWITZERLAND: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)127
TABLE 60SWITZERLAND: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)127
14.3.6NETHERLANDS127
14.3.6.1Strategic partnerships in UAM ecosystem to boost market127
TABLE 61NETHERLANDS: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)128
TABLE 62NETHERLANDS: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)128
TABLE 63NETHERLANDS: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)128
TABLE 64NETHERLANDS: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)128
14.3.7REST OF EUROPE129
14.3.7.1Presence of leading manufacturers and need to reduce carbon footprint to drive market129
TABLE 65REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)129
TABLE 66REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)129
TABLE 67REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)129
TABLE 68REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)130
14.4MIDDLE EAST130
FIGURE 34MIDDLE EAST: EVTOL AIRCRAFT MARKET SNAPSHOT131
14.4.1MIDDLE EAST: PESTLE ANALYSIS131
TABLE 69MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION)132
TABLE 70MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)133
TABLE 71MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)133
TABLE 72MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)133
TABLE 73MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)134
TABLE 74MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)134
14.4.2ISRAEL134
14.4.2.1Increased spending on R&D for UAVs for military and commercial applications to drive market134
TABLE 75ISRAEL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)135
TABLE 76ISRAEL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)135
TABLE 77ISRAEL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)135
TABLE 78ISRAEL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)135
14.4.3UAE136
14.4.3.1Increased focus on efficient urban air mobility ecosystem to boost market136
TABLE 79UAE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)136
TABLE 80UAE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)136
TABLE 81UAE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)136
TABLE 82UAE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)137
14.4.4SAUDI ARABIA137
14.4.4.1Increased investments in eVTOL technology to boost market137
TABLE 83SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)137
TABLE 84SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)137
TABLE 85SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)138
TABLE 86SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)138
14.4.5TURKEY138
14.4.5.1Increased spending on technologically advanced UAVs and eVTOL aircraft to boost market138
TABLE 87TURKEY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)138
TABLE 88TURKEY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)139
TABLE 89TURKEY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)139
TABLE 90TURKEY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)139
14.4.6REST OF MIDDLE EAST139
14.4.6.1Increasing military spending to fuel market139
TABLE 91REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)140
TABLE 92REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)140
TABLE 93REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)140
TABLE 94REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)140
14.5ASIA PACIFIC141
FIGURE 35ASIA PACIFIC: EVTOL AIRCRAFT MARKET SNAPSHOT141
14.5.1ASIA PACIFIC: PESTLE ANALYSIS142
TABLE 95ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION)143
TABLE 96ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)143
TABLE 97ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)143
TABLE 98ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)144
TABLE 99ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)144
TABLE 100ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)144
14.5.2CHINA144
14.5.2.1Increasing domestic travel and air traffic to drive market144
TABLE 101CHINA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)145
TABLE 102CHINA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)145
TABLE 103CHINA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)145
TABLE 104CHINA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)145
14.5.3INDIA146
14.5.3.1Five-year modernization plan for armed forces to boost market146
TABLE 105INDIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)146
TABLE 106INDIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)146
TABLE 107INDIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)146
TABLE 108INDIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)147
14.5.4JAPAN147
14.5.4.1In-house development of eVTOL aircraft to drive market147
TABLE 109JAPAN: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)147
TABLE 110JAPAN: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)147
TABLE 111JAPAN: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)148
TABLE 112JAPAN: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)148
14.5.5AUSTRALIA148
14.5.5.1Increased air traffic and new aircraft deliveries to fuel market148
TABLE 113AUSTRALIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)148
TABLE 114AUSTRALIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)149
TABLE 115AUSTRALIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)149
TABLE 116AUSTRALIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)149
14.5.6SOUTH KOREA149
14.5.6.1Growing commercialization of urban taxis and fully autonomous UAM to drive market149
TABLE 117SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)150
TABLE 118SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)150
TABLE 119SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)150
TABLE 120SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)150
14.5.7REST OF ASIA PACIFIC151
14.5.7.1Increased UAM investment and military spending to drive market151
TABLE 121REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)151
TABLE 122REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)151
TABLE 123REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)151
TABLE 124REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)152
14.6LATIN AMERICA152
FIGURE 36LATIN AMERICA: EVTOL AIRCRAFT MARKET SNAPSHOT152
14.6.1LATIN AMERICA: PESTLE ANALYSIS153
TABLE 125LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION)154
TABLE 126LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION)154
TABLE 127LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)154
TABLE 128LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)154
TABLE 129LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)155
TABLE 130LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)155
14.6.2BRAZIL155
14.6.2.1Huge investments from manufacturing companies to drive market155
TABLE 131BRAZIL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)155
TABLE 132BRAZIL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)156
TABLE 133BRAZIL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)156
TABLE 134BRAZIL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)156
14.6.3MEXICO156
14.6.3.1Growing demand for urban air mobility to fuel market156
TABLE 135MEXICO: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)157
TABLE 136MEXICO: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)157
TABLE 137MEXICO: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)157
TABLE 138MEXICO: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)157
14.6.4REST OF LATIN AMERICA158
14.6.4.1Favorable government policies and regulatory developments to boost market158
TABLE 139REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)158
TABLE 140REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)158
TABLE 141REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)158
TABLE 142REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)159
14.7AFRICA159
FIGURE 37AFRICA: EVTOL AIRCRAFT MARKET SNAPSHOT159
TABLE 143AFRICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION)160
TABLE 144AFRICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION)160
TABLE 145AFRICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION)160
TABLE 146AFRICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION)160
14.7.1SOUTH AFRICA161
14.7.1.1Government support and investment in infrastructure development to drive market161
14.7.2NIGERIA161
14.7.2.1Growing demand for innovative mobility solutions to drive market161
14.7.3REST OF AFRICA161
14.7.3.1Rising awareness and interest in sustainable mobility solutions to boost market161
15COMPETITIVE LANDSCAPE162
15.1INTRODUCTION162
15.2RANKING OF LEADING PLAYERS, 2023162
FIGURE 38MARKET RANKING OF LEADING PLAYERS IN EVTOL AIRCRAFT MARKET, 2023162
15.3MARKET SHARE ANALYSIS, 2022162
FIGURE 39MARKET SHARE OF TOP PLAYERS IN EVTOL AIRCRAFT MARKET, 2022162
FIGURE 40REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2022163
15.4COMPETITIVE OVERVIEW164
TABLE 147KEY DEVELOPMENTS BY LEADING PLAYERS IN EVTOL AIRCRAFT MARKET (2021–2023)164
15.5COMPANY PRODUCT FOOTPRINT ANALYSIS165
TABLE 148COMPANY FOOTPRINT165
TABLE 149APPLICATION FOOTPRINT166
TABLE 150RANGE FOOTPRINT167
TABLE 151SYSTEM FOOTPRINT168
TABLE 152REGIONAL FOOTPRINT169
15.6COMPANY EVALUATION MATRIX170
15.6.1STARS170
15.6.2EMERGING LEADERS170
15.6.3PERVASIVE PLAYERS170
15.6.4PARTICIPANTS170
FIGURE 41EVTOL AIRCRAFT MARKET COMPETITIVE LEADERSHIP MAPPING, 2023171
15.7STARTUP/SME EVALUATION MATRIX171
15.7.1PROGRESSIVE COMPANIES171
15.7.2RESPONSIVE COMPANIES171
15.7.3DYNAMIC COMPANIES172
15.7.4STARTING BLOCKS172
FIGURE 42EVTOL AIRCRAFT MARKET: STARTUP/SME COMPETITIVE LEADERSHIP MAPPING, 2023172
15.7.5COMPETITIVE BENCHMARKING173
TABLE 153EVTOL AIRCRAFT MARKET: DETAILED LIST OF KEY STARTUP/SMES173
15.8COMPETITIVE SCENARIO173
15.8.1DEALS173
TABLE 154DEALS, 2021–2023173
15.8.2PRODUCT LAUNCHES177
16COMPANY PROFILES178
16.1KEY PLAYERS178
(Business overview, Products offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats)*
16.1.1AIRBUS SE178
TABLE 155AIRBUS SE: COMPANY OVERVIEW178
FIGURE 43AIRBUS SE: COMPANY SNAPSHOT179
TABLE 156AIRBUS SE: PRODUCTS OFFERED 179
TABLE 157AIRBUS SE: DEALS180
16.1.2ELBIT SYSTEMS LTD.182
TABLE 158ELBIT SYSTEMS LTD.: COMPANY OVERVIEW182
FIGURE 44ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT183
TABLE 159ELBIT SYSTEMS LTD.: PRODUCTS OFFERED 183
TABLE 160ELBIT SYSTEMS LTD.: DEALS184
16.1.3BELL TEXTRON INC.185
TABLE 161BELL TEXTRON INC.: COMPANY OVERVIEW185
FIGURE 45BELL TEXTRON INC.: COMPANY SNAPSHOT185
TABLE 162BELL TEXTRON INC.: PRODUCTS OFFERED 186
16.1.4EHANG HOLDINGS LTD.188
TABLE 163EHANG HOLDINGS LTD.: COMPANY OVERVIEW188
FIGURE 46EHANG HOLDINGS LTD.: COMPANY SNAPSHOT189
TABLE 164EHANG HOLDINGS LTD.: PRODUCTS OFFERED 189
TABLE 165EHANG HOLDINGS LTD.: DEALS190
16.1.5EMBRAER SA191
TABLE 166EMBRAER SA: COMPANY OVERVIEW191
FIGURE 47EMBRAER SA: COMPANY SNAPSHOT192
TABLE 167EMBRAER SA: PRODUCTS OFFERED 192
TABLE 168EMBRAER SA: DEALS193
16.1.6ISRAEL AEROSPACE INDUSTRIES195
TABLE 169ISRAEL AEROSPACE INDUSTRIES: COMPANY OVERVIEW195
FIGURE 48ISRAEL AEROSPACE INDUSTRIES: COMPANY SNAPSHOT195
TABLE 170ISRAEL AEROSPACE INDUSTRIES: PRODUCTS OFFERED 196
16.1.7PIPISTREL197
TABLE 171PIPISTREL: COMPANY OVERVIEW197
TABLE 172PIPISTREL: PRODUCTS OFFERED 197
TABLE 173PIPISTREL: DEALS198
16.1.8ELROY AIR199
TABLE 174ELROY AIR: COMPANY OVERVIEW199
TABLE 175ELROY AIR: PRODUCTS OFFERED 199
TABLE 176ELROY AIR: DEALS199
16.1.9LILIUM GMBH200
TABLE 177LILIUM GMBH: COMPANY OVERVIEW200
TABLE 178LILIUM GMBH: PRODUCTS OFFERED 200
TABLE 179LILIUM GMBH: DEALS200
16.1.10JOBY AVIATION, INC.202
TABLE 180JOBY AVIATION, INC.: COMPANY OVERVIEW202
TABLE 181JOBY AVIATION, INC.: PRODUCTS OFFERED 202
TABLE 182JOBY AVIATION, INC.: DEALS203
16.1.11ARCHER AVIATION INC.204
TABLE 183ARCHER AVIATION INC.: COMPANY OVERVIEW204
TABLE 184ARCHER AVIATION INC.: PRODUCTS OFFERED 204
TABLE 185ARCHER AVIATION INC.: DEALS205
16.1.12VOLOCOPTER GMBH206
TABLE 186VOLOCOPTER GMBH: COMPANY OVERVIEW206
TABLE 187VOLOCOPTER GMBH: PRODUCTS OFFERED 206
TABLE 188VOLOCOPTER GMBH: DEALS207
16.1.13SZ DJI TECHNOLOGY CO., LTD.209
TABLE 189SZ DJI TECHNOLOGY CO., LTD.: COMPANY OVERVIEW209
TABLE 190SZ DJI TECHNOLOGY CO., LTD.: PRODUCTS OFFERED 209
16.1.14SAMAD AEROSPACE211
TABLE 191SAMAD AEROSPACE: COMPANY OVERVIEW211
TABLE 192SAMAD AEROSPACE: PRODUCTS OFFERED 211
16.1.15AURORA FLIGHT SCIENCES212
TABLE 193AURORA FLIGHT SCIENCES: COMPANY OVERVIEW212
TABLE 194AURORA FLIGHT SCIENCES: PRODUCTS OFFERED 212
TABLE 195AURORA FLIGHT SCIENCES: DEALS213
16.1.16VERTICAL AEROSPACE GROUP LTD.214
TABLE 196VERTICAL AEROSPACE GROUP LTD.: COMPANY OVERVIEW214
TABLE 197VERTICAL AEROSPACE GROUP LTD.: PRODUCTS OFFERED 214
TABLE 198VERTICAL AEROSPACE GROUP LTD.: DEALS214
16.1.17URBAN AERONAUTICS LTD.216
TABLE 199URBAN AERONAUTICS LTD.: COMPANY OVERVIEW216
TABLE 200URBAN AERONAUTICS LTD.: PRODUCTS OFFERED 216
TABLE 201URBAN AERONAUTICS LTD.: DEALS216
16.2OTHER PLAYERS217
16.2.1JAUNT AIR MOBILITY217
16.2.2OVERAIR217
16.2.3BETA TECHNOLOGIES218
16.2.4DELOREAN AEROSPACE218
16.2.5SKYDRIVE INC.218
16.2.6TERRAFUGIA219
16.2.7WISK AERO LLC219
16.2.8OPENER, INC.219
*Details on Business overview, Products offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies.
17APPENDIX220
17.1DISCUSSION GUIDE220
17.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL223
17.3CUSTOMIZATION OPTIONS225
17.4RELATED REPORTS225
17.5AUTHOR DETAILS226
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