Global eVTOL Aircraft Market Forecast to 2030 - Demand for Enhanced Efficiency & Human Safety and Increasing Investment Activities
DUBLIN, April 1, 2019 /PRNewswire/ -- The "eVTOL Aircraft Market by Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise), MTOW (<250 KG, 250 - 500 KG, 500 - 1500 KG, >1500 KG), Application, Mode of Operation, Type of Propulsion, Range, and Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The eVTOL aircraft market is estimated to be USD 162 million in 2025 and is projected to reach USD 411 million by 2030, at a CAGR of 20.42% during the forecast period.
The demand for enhanced efficiency & human safety and increasing investment activities are expected to drive the market. However, the limited reliability of eVTOLs during transportation and the inability to predict the external environment are expected to hinder the market.
The vectored thrust segment is expected to lead the market during the forecast period.
Based on lift technology, the vectored thrust segment is expected to lead the eVTOL aircraft market during the forecast period. The vectored thrust technology provides better efficiency and endurance to the eVTOL aircraft for intercity and intracity operations. The demand for eVTOL aircraft is increasing due to the growing number of their applications in the commercial sector for activities such as air taxi, passenger air travel, air ambulance, and cargo transportation. Presently, these aircraft are in the development phase but are expected to commercialize in the coming years. Passenger drones can be piloted manually or flown autonomously. These drones have the capability to vertically take off and land, making it easier for them to land in crowded locations in cities.
The optionally piloted segment is expected to grow at a higher CAGR than the piloted segment during the forecast period.
Based on mode of operation, the optionally piloted segment is expected to lead the eVTOL aircraft market during the forecast period. Autonomous eVTOLs are more versatile and can be efficiently used to transport passengers and cargo without any human intervention, thus increasing their demand. The growth of the optionally piloted segment can be attributed to significant investments to develop cost-effective solutions for passenger and cargo transportation for intracity and intercity commute.
Asia Pacific is the fastest-growing market for eVTOL aircraft.
Based on region, Asia Pacific is estimated to lead the eVTOL aircraft market in 2025 and is projected to grow at the highest rate during the forecast period. The market growth in this region can be attributed to the increasing investment activities and growth in spending by the region's countries on transportation operations. Increasingly autonomous aircraft such as UAVs are manufactured in the Asia Pacific region by the biggest drone player DJI. This company has captured over 50% market share since the past 3 years.
EHang is another player working on a fully autonomous air vehicle that will be used for cargo and passenger transport. Many emerging startups in India, including VTOL Aviation India, Voyzon Aerospace, and Skylark Drones, have also been working on their concepts and prototypes for autonomous aircraft. Wing, a Google and Alphabet company, has already tested its autonomous delivery drone in Australia.
Some of the key players in the eVTOL aircraft market include Kitty Hawk (US), Lilium (Germany), EHang (China), Volocopter (Germany), and A3 by Airbus (US).
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the eVTOL Aircraft Market From 2025 to 2030
4.2 eVTOL Aircraft Market, By Application
4.3 eVTOL Aircraft Market, By Type of Propulsion
4.4 eVTOL Aircraft Market, By Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Road Traffic Congestion in Urban Areas
5.2.1.2 Need for Quick Transportation
5.2.2 Restraints
5.2.2.1 Certification
5.2.3 Opportunities
5.2.3.1 Need for Mro and Charging Stations at Vertiports
5.2.3.2 Increasing Number of eVTOL Aircraft Pilots
5.2.4 Challenges
5.2.4.1 City Infrastructure
5.2.4.2 Social Acceptance By Consumers
5.2.4.3 Design Complexities
6 Industry Trends
6.1 Introduction
6.2 eVTOL Aircraft Trends in Future
6.2.1 Artificial Intelligence
6.2.2 Big Data Analytics
6.2.3 Internet of Things (IoT)
6.3 eVTOL Aircraft Currently Under Development Phase
6.4 Top Five Companies Offering High-Configuration eVTOL Aircraft
6.5 Emerging Technology Trends in the eVTOL Industry
6.5.1 Detect & Avoid
6.5.2 Increasingly Autonomous System
6.5.3 Distributed Electric Propulsion (DEP)
6.5.4 Advanced Air Traffic Management System for eVTOL Aircraft
6.5.5 Prevention & Recovery Systems for eVTOL Aircraft
6.5.6 Hydrogen Fuel Cell
6.5.7 Leading Edge Asynchronous Propeller Technology
6.5.8 Advanced Battery Power
6.6 Innovations and Patent Registrations, 2015-2018
7 eVTOL Aircraft Market, By Lift Technology
7.1 Introduction
7.2 Vectored Thrust
7.2.1 Designed to Support Long Distance Operations
7.3 Multirotor
7.3.1 Multirotor eVTOLs Will Be Used Mostly for Commercial Applications
7.4 Lift Plus Cruise
7.4.1 Lift Plus Cruise Design has Been Used By Leading eVTOL Manufacturers
7.5 Others (Electric Rotorcraft and Hoverbikes)
7.5.1 Electric Rotorcraft
7.5.1.1 Electric Rotorcraft is an Ultralight Helicopter
7.5.2 Hoverbikes
7.5.2.1 Hoverbikes Would Initially Be Used By Recreational and Homeland Security Sectors
8 eVTOL Aircraft Market, By Application
8.1 Introduction
8.2 Commercial
8.2.1 By Propulsion
8.2.1.1 Fully Electric eVTOLs Will Be Majorly Used for Commercial Transportation Operations
8.2.2 By Lift Technology
8.2.2.1 Driven By Requirement for Quick Intracity Transportation
8.2.3 By Mtow
8.2.3.1 Commercial eVTOL are Being Developed to Carry More Than 1500kg
8.3 Military
8.3.1 By Propulsion
8.3.1.1 in Military Sector Fully Electric and Hybrid eVTOL are Used for the Foremost Operations
8.3.2 By Lift Technology
8.3.2.1 Adoption of Vectored Thrust eVTOLs is Higher in Military Operations
8.3.3 By Mtow
8.3.3.1 eVTOL Carrying 0-250 Kgs are Mostly Used By Military Sector
8.4 Cargo
8.4.1 By Propulsion
8.4.1.1 Huge Investments By Venture Capitalists in Drone Logistics
8.4.2 By Lift Technology
8.4.2.1 Multirotor eVTOLs Will Be Majorly Used for Cargo Operations
8.4.3 By Mtow
8.4.3.1 The Rising Interest in eVTOL Aircraft for the Delivery of Packages
9 eVTOL Aircraft Market, By Type of Propulsion
9.1 Introduction
9.2 Fully Electric
9.2.1 Increasing Demand for Fully Electric Aircraft
9.3 Hybrid
9.3.1 Electric Hybrid Battery Supports Long Distance Travel
9.4 Electric Hydrogen
9.4.1 eVTOL Manufacturers are Developing Better Storage Facilities for the Hydrogen Batteries
10 eVTOL Aircraft Market, By Mtow
10.1 Introduction
10.2 <250 Kilograms
10.2.1 Small eVTOL Aircraft That are Majorly Used in Commercial Applications
10.3 250-500 Kilograms
10.3.1 Close-Range (CR) eVTOL Aircraft and Short-Range (SR) eVTOL Aircraft
10.4 500-1,500 Kilograms
10.4.1 eVTOL Aircraft are Used for Military and Commercial Applications
10.5 1,500 Kilograms and Above
10.5.1 Major eVTOL Manufacturers are Developing This Model
11 eVTOL Aircraft Market, By Mode of Operation
11.1 Introduction
11.2 Optionally Piloted
11.2.1 Increasing Investments By Manufacturers and Government Bodies in the Development of Optionally Piloted eVTOL Aircraft
11.3 Piloted
11.3.1 Dependancy on Pilots to Ensure Safety During Flight Operations
12 eVTOL Aircraft Market, By Range
12.1 Introduction
12.2 0-200 Km
12.2.1 Intracity Commute for Passengers Opting Urban Air Mobility Services
12.3 200-500 Km
12.3.1 eVTOL Will Mostly Be Used for Intercity Commute
13 eVTOL Aircraft Market, By Region
14 Competitive Landscape
14.1 Introduction
14.2 Startups Competitive Leadership Mapping
14.3 Ranking of Key Players, 2022
14.4 Competitive Scenario
15 Company Profile
15.1 Introduction
15.2 A By Airbus
15.3 Aurora Flight Sciences
15.4 Lilium
15.5 Embraer
15.6 Ehang
15.7 Volocopter
15.8 Workhorse
15.9 Pipistrel
15.10 Bell Helicopter
15.11 Neva Aerospace
15.12 Opener
15.13 Kitty Hawk
15.14 Joby Aviation
15.15 Karem Aircraft
15.16 Lift Aircraft
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