Global eVTOL Aircraft Market Research Report?forecast till 2030
Global eVTOL Aircraft Market is anticipated to reach a CAGR of 30.30% during the study period. In 2018, North America led the global market followed by Europe and the region is expected to drive the market with its highest CAGR. It is an abbreviation of electric vertical takeoff and landing aircraft it is an invention of autonomous electric aircraft that provides improved safety and comfort, and reduced noise. The eVTOL aircraft has many benefits such as flexibility, convenience, and smooth operation, reduced air pollution, and fast travel.
The market growth of the global eVTOL aircraft market is attributed to the rising demand for fast modes of transportation and increasing road traffic congestion in urban areas. Whereas the lack of government support, inadequate architecture for vertiport stations and complex construction design can be the major restraining factor for the global market. However, market growth is propelled by the increasing investment of private companies in transportation and rapid technological advancements.
The Global eVTOL Aircraft Market has been categorized by Type, Battery Type, Lift Technology, Type of Propulsion, Type of MTOW, Range, Mode of Operation, Application, and Region. By type segment, the global market has been classified as air taxis, delivery drones, and others.
Depend on the battery type segment the market has been segregated into lithium-ion batteries, solid-state batteries, and hydrogen fuel cells. By lift technology, the market has been segregated into multirotor, vectored thrust, lift plus cruise, and others. By type of propulsion, the market is segmented as fully electric, hybrid, and electric hydrogen. By the type of MTOW type, the market has been divided into <250 kg, 250–500 kg, 500–1,500 kg, and >1,500 kg.
Based on range, the market has been segregated as 0–200 km and 200–500 km. By mode of operation segment, the global market is subdivided into piloted and optionally piloted. The eVTOL aircraft market has been divided into commercial, cargo, and military by application segment.
Geographically, the Global eVTOL Aircraft Market has been spread across North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America.
The largest market share is contributed by North America and it is evaluated to exhibit the largest CAGR of 29.54% during the study period. the regional market is driven by, the presence of key companies such as Aurora Flight Sciences, Workhorse, and Joby Aviation, combined with the availability of sophisticated technologies to innovative solutions on complex problems. Furthermore, the regional defense sector is demanding for the eVTOL aircraft to develop and strengthen their military is also fueling the regional market growth.
The Major Players in the Global eVTOL Aircraft Market are EHANG (China), A? by Airbus (US), Volocopter GmbH (Germany), Uber Technologies Inc. (US), Lilium GmbH (Germany), Kitty Hawk (US), Workhorse (US), EmbraerX (Brazil), Karem Aircraft, Inc. (US), Neva Aerospace (UK), LIFT Aircraft Inc. (US), Opener (Canada), Aurora Flight Sciences (US), Bell Textron Inc. (US), TERRAFUGIA (US), Pipistrel Group (Slovenia), Vertical Aerospace Ltd (UK), HOVERSURF (US), Cartivator (Japan), Joby Aviation (US), Amprius Technologies (US), Sion Power Corporation (US), MOLICEL (Taiwan), EaglePicher Technologies (US), OXIS Energy Ltd (UK), and MGM COMPRO (Czech Republic).
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