eVTOL Aircraft Market, By Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise) By Type Of

Published Date: | Report Code : AD1956825

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The eVTOL (electric vertical takeoff and landing) aircraft represents the next generation of autonomous electric aircraft that are safer, quieter, and cleaner.  These eVTOL Aircraft can autonomously transport passengers, plan routes, respond to contingencies, and detect and avoid unexpected obstacles as well as to navigate complex and busy urban environments. They operate with a vertiport system that will safely and quickly board and exit passengers.

Segment Analysis: 

The global eVTOL aircraft market is segmented on the basis of lift technology, type of propulsion and mode of operation.

On the basis of lift technology, it is segmented into Vectored Thrust, Multirotor, Lift Plus Cruise. The vectored thrust is most widely used owing to the higher endurance and efficiency provided by this technology to eVTOL aircraft. In addition to this, the 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 have also propelled the growth of this segment.

By type of propulsion, the market is segregated into Fully Electric Battery, Electric Hybrid and Electric Hydrogen. The fully electric battery is majorly used than its counterparts as it is more economical when compared to others.

On the basis of mode of operation, it is segmented into piloted and optionally piloted. Due to the growing demand for autonomous eVTOLs for commercial applications, there has been a significant rise in the demand for an optionally piloted mode of operation. These autonomous aerial vehicles can be used in several areas of operations as these vehicles are programmable autonomous robots that can carry out tasks at high altitudes with increased power capacity.

Key Factors Impacting Market Growth:

  • It offers enhanced safety, comfort, and reduced noise
  • The growing need for a faster mode of transportation and increasing road traffic congestion in urban areas
  • Its various advantages to users such as flexibility, convenience, reduced air pollution, and fast travel.

Key Developments: 

  • In January 2019, Bell Helicopter revealed its full-scale electric vertical take-off and landing air taxi vehicle during the CES 2019 held in Las Vegas, US. The air taxi, named Bell Nexus, is powered by a hybrid-electric propulsion system and features Bell’s signature powered lift concept incorporating six tilting ducted fans that are designed to safely and efficiently redefine air travel.
  • In June 2018, Pipistrel announced the start of construction of the second half of its production facility in Gorizia, Italy. The cost of this expansion is estimated to be USD 4.3 million. The official opening of the plant is expected to be at the end of 2019.

Regional Outlook: 

The eVTOL aircraft market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. The rest of the World includes South America and Africa. North America and the European region have been traditional regions for the aerospace & defense sector with the presence of major manufacturers and high market demand. In addition to this, these regions have been aggressive in terms of technological developments and research. This is one of the key factors governing the demand for the eVTOL aircraft market during the forecast period. Major countries in these regions include the US, France, UK, Germany, Italy, Russia, Canada, and So on. This sector is one of the key contributors to the economies in the region. The Asia Pacific is estimated to be the fastest-growing region with increasing expenditure on defense and space research. With the presence of some of the fastest-growing economies including India and China, this region is projected to be a major market for eVTOL aircraft during the forecast period. Other key countries in the region include South Korea, Japan, and Australia. The Middle East region promises a high potential demand for the eVTOL aircraft market during the forecast period. Major countries in this region include UAE, Saudi Arabia, Iran, Israel, and others. The rest of the World is an emerging market for eVTOL aircraft with demand from countries including South Africa, Brazil, Argentina, Nigeria, and others during the forecast period.

Market Segmentation:

By Lift Technology:

  • Vectored Thrust
  • Multirotor
  • Lift Plus Cruise

By Type Of Propulsion:

  • Electric Battery
  • Electric Hybrid
  • Electric Hydrogen

By Mode Of Operation:

  • Piloted
  • Optionally Piloted

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Lift Technology
    • By Type Of Propulsion
    • By Mode Of Operation
  • Western Europe:
    • By Country (Germany, UK, France, Spain, Rest of Western Europe)
    • By Lift Technology
    • By Type Of Propulsion
    • By Mode Of Operation
  • Eastern Europe:
    • By Country (Russia, Turkey, Rest of Eastern Europe)
    • By Lift Technology
    • By Type Of Propulsion
    • By Mode Of Operation
  • Asia Pacific
    • By Country (China, Japan, India, Rest of Asia Pacific)
    • By Lift Technology
    • By Type Of Propulsion
    • By Mode Of Operation
  • Middle East:
    • By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
    • By Lift Technology
    • By Type Of Propulsion
    • By Mode Of Operation
  • Rest of the World
    • By Region (South America, America)
    • By Lift Technology
    • By Type Of Propulsion
    • By Mode Of Operation

Companies Covered:  Kitty Hawk, Lilium, EHang, Volocopter, Bell Helicopter, and Airbus.

Reasons To Buy This Report:

  • Market size estimation of the global eVTOL aircraft market on a regional and global basis
  • The unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market

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