BANGALORE, India, Nov. 25, 2020 /PRNewswire/ -- The eVTOL Market is
segmented by Type - Fully Electric eVTOL Aircraft, Hybrid eVTOL
Aircraft, by Application - Civil, Military, regions & key
players. It also covers Global Opportunity Analysis and Industry
Forecast to 2026. This report is published on Valuates Reports in
the transportation & Logistics Category.
The global eVTOL Aircraft market size is projected to reach
USD 87640 million by 2026, from
USD 46710 million in 2020, at a CAGR
of 11.1% during 2021-2026.
The eVTOL aircraft offer various advantages to users such as
flexibility, convenience, reduced air pollution, and fast
travel.
Major factors driving the growth of eVTOL aircraft market size
are the need to improve operational efficiency, minimize human
interference for intercity and intracity transportation using
eVTOLs, and increase in investment activities worldwide.
This report focuses on eVTOL Aircraft volume and value at the
global, regional, and company levels. This report represents the
overall eVTOL Aircraft market size by analyzing historical data and
future prospects from a global perspective. Regionally, this report
focuses on several key regions: North
America, Europe,
Japan, China, Southeast
Asia, India, etc.
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TRENDS IN FUNDING THE eVTOL AIRCRAFT MARKET SIZE
The eVTOL aircraft market size is expected to grow due to the
increasing use of eVTOL in medical emergencies. Moreover, the
eruption of disease outbreaks worldwide, along with the growing
acceptance of electric VTOL Emergency Medical Services (EMS)
aircraft, is one of the important factors for the growth of eVTOL
aircraft market size.
Due to technological expansion and greater investment in R&D
by top players in the industry, the global eVTOL aircraft market
size is expected to grow rapidly. In addition, major suppliers of
eVTOL aircraft provide communication solutions for more reliable
and improved customer experiences.
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eVTOL AIRCRAFT MARKET SHARE ANALYSIS
During the forecast period, the North American eVTOL aircraft
market is projected to witness the highest growth. Increased
investments by leading eVTOL and drone manufacturers to develop
urban air mobility for commercial applications can be attributed to
the market growth in this region. Furthermore, the ever-increasing
trend of automation and globalization is accelerating the growth of
eVTOL Aircraft Market size in Asia
Pacific countries.
On the other hand, the Asia-Pacific region is expected to witness the
highest growth during the forecast period. China is expected to be the most dominating
market in the Asia-pacific region,
and Singapore is expected to see
the highest growth rate in this area during the 2025-2035
period.
Based on type, the Fully Electric eVTOL Aircraft segment is
projected to hold the largest eVTOL market share during the
forecast period. This segment's growth can be attributed to the
production of various eVTOL aircraft by prominent market players.
These aircraft are in the flight-testing stage and are planned to
be marketed by 2025. This commercialization will enable companies
to generate a huge number of taxi service provider contracts and
partnerships from 2025 onwards.
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GLOBAL eVTOL AIRCRAFT MARKET SEGMENTATION
MARKET SEGMENT BY TYPE
- Fully Electric eVTOL Aircraft
- Hybrid eVTOL Aircraft
MARKET SEGMENT BY APPLICATION
MARKET SEGMENT BY KEY PLAYERS
The Key players in the market include Airbus, Lilium, Bell
Helicopter, Aurora Flight Sciences, Embraer, Ehang, Volocopter,
Workhorse Group, Pipistrel, Kitty Hawk Corporation, Karem Aircraft,
Lift Aircraft, etc.
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SIMILAR REPORTS
- This report focuses on the global Electric VTOL (eVTOL)
Aircraft Infrastructure status, future forecast, growth
opportunity, key market and key players. The study objectives are
to present the Electric VTOL (eVTOL) Aircraft Infrastructure
development in North America,
Europe, China, Japan,
Southeast Asia, India and Central & South America.
- The Global Urban Air Mobility (UAM) market size was
660 Million USD in 2018 and is
expected growth of CAGR of 15.31% in 2019-2025. Major factors
driving the growth of Urban Air Mobility market size are
advancements in the manufacturing capability and the increasing
trend of automation and globalization. Europe's urban air mobility market is expected
to rise at the highest rate. Countries in this area are investing
heavily in the production and procurement of advanced eVTOL systems
for commercial operations.
- The report focuses on the Global Aerial Ridesharing status,
future forecast, growth opportunity, key market and key players.
The report is segmented by Type: eVTOL, Helicopter, Others,
Application - Point To Point (P2P), Business To Business (B2B),
Business To Consumer (B2C), Region: Global, North America, Europe, China, Japan,
Southeast Asia, India and Central & South America.
- The report focuses on the Global Air Taxi market status, future
forecast growth opportunity, key market and key players. Product
type - Air Taxi, Product-Type: Passenger Capacity One, Passenger
Capacity Two, Passenger Capacity Three, Passenger Capacity Four,
Passenger Capacity More than Four, Application - Individual, Group,
Region: Global, North America,
Europe, China, Japan,
Southeast Asia, India and Central & South America.
- The Global Unmanned Aerial Vehicle (UAV) market size is
projected to reach USD 29,120 Million
by 2026, from USD 17570 Million in
2020, at a CAGR of 8.8% during 2021-2026. The report provides
detailed segments based on product type - Small UAV, Tactical UAV,
Strategic UAV, Special Purpose UAV and applications - Military
Application, Civil & Commercial, Homeland Security to better
understand each segment that influences the Unmanned Aerial Vehicle
(UAV) Market growth.
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