With the population growing exponentially in the urban areas, traffic on roads is also increasing, which is a significant factor that is expected to drive the airspace travel. Land infrastructure is limited, and further expansion is expensive. Therefore, there is a need for advancement in the mode of transportation, such as airspace travel. Air commutes are faster and efficient compared to road transport. The air vehicles used in airspace are UAVs, air taxi, and air ambulance, and drones, which are more environmentally friendly and energy-saving than the land-based transport. The passenger air vehicles are a potentially viable solution to roadway congestion.

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The eVTOL aircraft market is growing at a fast rate, with an increasing demand for the aircraft for air taxi and personal aerial vehicle (PAV) applications. The eVTOL aircraft are in different phases, such as initial design, scaled prototype, flight testing, in-service, and defunct. The eVTOL aircraft need thrust to operate, and the same is provided with the help of different forms of technologies such as vectored thrust, lift & cruise, rotorcraft (single rotor and multi-rotor), and hoverbikes.

These aircraft have a different set of components incorporated in it. The components are an essential part of the eVTOL aircraft, as the set of applications are decided on the basis of components and payload used. The majority of the components used in the eVTOL aircraft are sensors, camera, airframes, lidar, radar, battery, motor, INS, and GPS. A Rotorcraft is a 21st century, a heavier-than-air flying machine that lifts into the air with the help of rotary blades or rotary wings. Rotorcraft requires one or more motors to provide the thrust to the aircraft throughout the flight. Rotorcraft are primarily classified into two types- single rotor and multi-rotor.

Partnerships, agreements, product launches, mergers and acquisitions, and contracts turned out to be a preferred strategy of key players in the expansion of the eVTOL aircraft market. Companies received numerous contracts by offering high-end products at competitive prices. The companies with similar goals are forming joint ventures to assist each other. Such alliances help companies to improve their technological expertise, expand and increase their range of services, and thus facilitate each other in achieving the objectives faster.

The eVTOL aircraft market can be divided into four sub-segments based on technology, i.e., rotorcraft (single rotor and multi-rotor), vectored thrust, lift + cruise, and hoverbikes. The key players such as Airbus, Bell Helicopter, Textron System, Kitty Hawk, Lilium, and EHang are actively working on various aircraft prototypes to serve the eVTOL aircraft market.

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Key Questions Answered in this Report:

• What major driving forces are expected to increase the global market demand for eVTOL aircraft during the forecast period, 2025-2035?
• What are the major challenges inhibiting the growth of the global eVTOL aircraft market?
• Which are the key players in the global eVTOL aircraft market, and what is their competitive benchmarking?
• What is the expected revenue to be generated by the global eVTOL aircraft market by segments (aircraft type, infrastructure, application, end user, operations, components, energy source) in 2025, and what are the estimates by 2035?
• How is each segment of the global eVTOL aircraft market expected to grow during the forecast period, and how much revenue is expected to be generated by each segment by the end of 2035?
• What are the trends in the global eVTOL aircraft market across different regions, what is the expected revenue to be generated in 2025, and what are the estimates by 2035?
• How is the industry expected to evolve during the forecast period 2025-2035?
• Which region is expected to contribute to the highest sales in the global eVTOL aircraft market during the forecast period?
• What are the new strategies adopted by the existing market players to make a mark in the industry?
• What are the major opportunities that the eVTOL aircraft manufacturers foresee?

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