Aerospace and Defence Evtol Aircraft Market

The Electric Vertical Take-off and Landing (eVTOL) Aircraft Market is projected to grow at a CAGR 18.69% rate from 2021 to 2026. The need to increase operational efficiency, reduction in human intervention for intercity and intracity transportation using eVTOLs, and growing investment activities around the world are key factors expected to drive the market growth.

The vectored thrust segment is projected to grow at the highest CAGR during the forecast period owing to the higher endurance and efficiency provided by this technology to eVTOL aircraft. In addition to this, increasing investments from various manufacturers for the use of eVTOL aircraft in commercial applications, such as air taxi, passenger air travel, cargo transportation, and air ambulance, are driving the growth of this segment.

The electric battery segment is projected to lead the market during the forecast period. The growth of this segment can be attributed to the development of various eVTOL aircraft by prominent market players. These aircraft are in the flight-testing phase and are expected to get commercialized by the year 2026. This commercialization will enable the companies to generate a huge amount of contracts and partnerships with taxi service providers from 2026.

The Asia Pacific eVTOL aircraft market is projected to grow at the highest rate during the forecast period. The market growth in this region can be attributed to increased investments by leading eVTOL and drone manufacturers to develop urban air mobility for commercial applications. Advancements in the manufacturing capability of the region's emerging economies will drive the market. Additionally, the ever-increasing trend of automation and globalization in Asia Pacific countries is fueling the growth of this regional market.

Key Market Players include Kitty Hawk (US), Lilium (Germany), EHang (China), Volocopter (Germany), Bell Helicopter (US), and A3 by Airbus (US).

Key Questions

  • How will the drivers, challenges, and future opportunities for the eVTOL aircraft market affect its dynamics and the subsequent market analysis of the associated trends?
  • What are the key sustainability strategies adopted by leading players operating in the market?
  • What are the upcoming disrupters in this market that can be potential targets for partnerships/mergers?
  • Who are the top players operating in this market?
  • Which are the new geographies that can be potential revenue pockets for the eVTOL aircraft market?

1.     Introduction

1.1.  Market Definition

1.2.  Study Scope

1.3.  Study Period

1.4.  Market Stakeholders

2.     Research Methodology

2.1.  Secondary Research

2.2.  Primary Research

2.3.  Research Design

2.4.  Data Validation

2.5.  Limitations and Assumptions

3.     Executive Summary

4.     Market Dynamics

4.1.  Drivers

4.1.1.Increasing Road Traffic Congestion in Urban Areas

4.1.2.Need for Quick Transportation

4.2.  Opportunities

4.2.1.Need for Mro and Charging Stations at Vertiports

4.2.2.Increasing Number of eVTOL Aircraft Pilots

4.3.  Challenges

4.3.1.City Infrastructure

4.3.2.Social Acceptance By Consumers

4.3.3.Design Complexities

5.     Industry Trends

5.1.  Artificial intelligence

5.2.  Big data analytics

5.3.  IoT

6.     eVTOL Aircraft Market, By Lift Technology

6.1.  Vectored Thrust

6.2.  Multirotor

6.3.  Lift Plus Cruise

6.4.  Electric Rotorcraft

6.5.  Hoverbikes

7.     eVTOL Aircraft Market, By Application

7.1.  Commercial

7.2.  Military

7.3.  Cargo

8.     eVTOL Aircraft Market, By Type of Propulsion

8.1.  Fully Electric

8.2.  Hybrid

8.3.  Electric Hydrogen

9.      eVTOL Aircraft Market, By Mtow 

9.1.  Less than 250 Kilograms

9.2.  250-500 Kilograms

9.3.  500-1,500 Kilograms

9.4.  1,500 Kilograms and Above

10. eVTOL Aircraft Market, By Mode of Operation

10.1.                 Optionally Piloted

10.2.                 Piloted

11. eVTOL Aircraft Market, By Range

11.1.                 0-200 Km

11.2.                 200–500 Km

12. eVTOL Aircraft Market, By Region

12.1.                 North America

12.1.1.  US

12.2.                 Europe

12.2.1.  Germany

12.2.2.   France

12.2.3.  Switzerland

12.2.4.  Belgium

12.2.5.  Bulgaria

12.2.6.  Finland

12.2.7.  Poland

12.2.8.  The Netherlands

12.2.9.  Estonia

12.3.                 Asia Pacific

12.3.1.   Japan

12.3.2.  Australia

12.3.3.  India

12.3.4.  New Zealand

12.3.5.  Chinna

12.3.6.  South Korea

12.3.7.  Singapore

12.4.                 Middle East

12.4.1.  UAE

12.5.                 Latin America

12.5.1.  Brazil

13. Company Profiles

13.1.                 A³ By Airbus

13.2.                 Aurora Flight Sciences

13.3.                 Lilium

13.4.                 Embraer

13.5.                 Ehang

13.6.                 Volocopter

13.7.                 Workhorse

13.8.                 Pipistrel

13.9.                 Bell Helicopter

13.10.              Neva Aerospace

13.11.              Opener

13.12.              Kitty Hawk

13.13.              Joby Aviation

13.14.              Karem Aircraft

13.15.              Lift Aircraft

*Company introduction, financial information, recent developments, SWOT analysis

14. Conclusion and Recommendations

15. Appendix

15.1.                 About

15.2.                 Related Reports

15.3.                 Glossary

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