By Application (Commercial, Military, Cargo), By Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise, Others), By Mtow (<250 Kilograms, 250-500 Kilograms, 500-1500 Kilograms, 1500 Kilograms and Above), By Type of Propulsion (Fully Electric, Hybrid, Electric Hydrogen), By Mode of Operation (Optionally Piloted, Piloted), By Range (0-200 Km, 200- 500Km), By Region (North America, South America, Europe, Middle East and Africa, Asia- Pacific), By Country (US, Canada, Brazil, Germany, France, Switzerland, Belgium, Estonia, Netherlands, Saudi-Arabia, UAE, China, India, Japan, Australia, Singapore), By Company
Aerospace & Defense
According to MarkNtel Advisors’ research report titled “Global eVTOL Aircraft Market Analysis, 2020”, the global eVTOL Aircraft market is anticipated to grow at a CAGR of around 20.50% during 2020-25, due to the increasing demand for alternative mode of transportation and growing need for operational efficiency. Moreover, the increasing degree of penetration of the eVTOL for commercial purposes such as carriage and passenger commutation both within and outside the terrestrial boundaries of the city, along with the growing investments on the development of supportive infrastructure and government participation in the formulation of operational policies, is expected to augment the overall market growth.
Historical Data: 2015-19
Base Year: 2019
Forecast Period: 2020-25
Middle East & Africa
The 200-500 Kilometers Range Segment is Expected to Witness a Lucrative Growth Rate
Based on the range, the 200-500 kilometers range segment is set to dominate the global market during the forecast period. The segment is also expected to attain the highest CAGR growth during 2020-25, as stated in the MarkNtel Advisors’ research report “Global eVTOL Aircraft Market Analysis, 2020” owing to the rising adoption of the eVTOL aircraft service for the long-distance intercity transportation.
Furthermore, the expanding e-commerce trading and online purchase platforms, has been generating an increasing need for long-distance carriage transportation, which is expected to augment the segment growth in the future.
Asia-Pacific Region is Expected to Attain the Highest CAGR During 2020-25
Based on the geographical segmentation, the Asia-Pacific region is anticipated to attain the highest CAGR during the forecast period. The growth of the region is attributed to the rising investment by the leading eVTOL manufacturers in emerging countries like India and China for the development of the urban air mobility vehicles for varied applications in commercial purposes.
According to MarkNtel Advisors, some the of key competitors operating in the global eVTOL aircraft market include Aurora Flight Sciences, Siemens, Embraer, Volocopter, A3 by Airbus, Workhorse Group, Pipistrel, and Bell Helicopter. The companies are increasingly concentrating on product development and product launches either solely or in collaboration with other one or more companies.
In 2017, Uber undertook a partnership with Aurora Flight Sciences, a subsidiary of Boeing to develop electric vertical take-off and landing (eVTOL) aircraft for its Uber Elevate Network. Further, the Madform Design, a Budapest-based company launched the world’s first multirotor eVTOL aircraft, in collaboration with the Lift Aircraft company, in 2018.
Key Questions Answered in the Market Research Report
What are the key overall market statistics or market estimates (Market Overview, Market Size- By Value, Forecast Numbers, Market Segmentation, Market Shares) of Global eVTOL Aircraft Market?
What are the region wise industry size, growth drivers and challenges key market trends?
What are the key innovations, technology upgrades, opportunities, regulations, growth drivers and challenges in the Global eVTOL Aircraft Market?
Who are the key competitors or market players and how they perform in Global eVTOL Aircraft Market on the basis of competitive benchmarking matrix?
What are the key results derived from the market surveys conducted during the course of Global eVTOL Aircraft Market study?
Market Outlook, Segmentation and Statistics
Market Size and Analysis
Market Share and Analysis
By Lift Technology
By Lift Technology
By Lift Technology
By Lift Technology
Lift Plus Cruise
1500 Kilograms and Above
By Type of Propulsion
By Mode of Operation
Middle East& Africa
Strategic Factorial Indexing
Competitor Placement in Markntel Quadrant
Global eVTOL Aircraft Market Policies, Regulations, Application Standards
Global eVTOL Aircraft Market Hotspot and Opportunities
Global eVTOL Aircraft Market Key Strategic Imperatives for Success and Growth
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global eVTOL Aircraft Market during 2020-25?
A. The market size of Global eVTOL Aircraft Market during 2020-25 is forecast to grow at a CAGR of around 20.50%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that Asia-Pacific will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global eVTOL Aircraft Market?
A. Aurora Flight Sciences, Siemens, Embraer, Volocopter, A3 by Airbus, Workhorse Group, Pipistrel, Bell Helicopter are few of the leading players in the Global EVTOL Aircraft Market.
Q. Does the report scope cover Global eVTOL Aircraft application wise market statistics also?
A. Yes, the scope of the report encompass detailed aircraft application wise statistics based on various subcategories.
Q. Which Range segment would emerge as an opportunity area for players in eVTOL Aircraft Market?
A. 200-500 will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of eVTOL Aircraft Market.
1.1. Research Process
1.3. Market Segmentation
1.4. Market Definition
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global eVTOL Aircraft Market Outlook, 2015- 2025F
4.1. Market Size and Analysis
4.1.1. By Revenues
4.2. Market Share and Analysis
4.2.1. By Application
188.8.131.52.1. By Propulsion
184.108.40.206.2. By Lift Technology
220.127.116.11.3. By Mtow
18.104.22.168.1. By Propulsion
22.214.171.124.2. By Lift Technology
126.96.36.199.3. By Mtow
188.8.131.52.1. By Propulsion
184.108.40.206.2. By Lift Technology
220.127.116.11.3. By Mtow
4.2.2. By Lift Technology
18.104.22.168. Vectored Thrust
22.214.171.124. Lift Plus Cruise
126.96.36.199.1. Electric Rotorcraft
4.2.3. By Mtow
188.8.131.52. <250 Kilograms
184.108.40.206. 250-500 Kilograms
220.127.116.11. 500-1500 Kilograms
18.104.22.168. 1500 Kilograms and Above
4.2.4. By Type of Propulsion
22.214.171.124. Fully Electric
126.96.36.199. Electric Hydrogen
4.2.5. By Mode of Operation
188.8.131.52. Optionally Piloted
4.2.6. By Range
184.108.40.206. 0-200 Km
220.127.116.11. 200- 500Km
4.2.7. By Region
18.104.22.168. North America
22.214.171.124. South America
126.96.36.199. Middle East & Africa
4.2.8. By Company
188.8.131.52. Revenue Shares
184.108.40.206. Strategic Factorial Indexing
220.127.116.11. Competitor Placement in Markntel Quadrant
5. North America eVTOL Aircraft Market Outlook, 2015- 2025F
5.1. Market Size and Analysis
5.1.1. By Revenues
5.2. Market Share and Analysis
5.2.1. By Application
5.2.2. By Type of Propulsion
5.2.3. By Lift Technology
5.2.4. By Range
5.2.5. By Mtow
5.2.6. By Mode of Operation
5.2.7. By Country
5.3. The US eVTOL Aircraft Market Outlook, 2015- 2025F