eVTOL Aircraft Market Revenue, Growth Opportunities and Forecast to 2035


Posted July 30, 2020 by bisrsrch

Focus on Technology, Components, Operations, Energy Source, Infrastructure, Applications, and End User

 
The market for eVTOL aircraft is rapidly evolving. From 2025, the market is expected to make its presence in the megacities, including the U.S., Germany, France, Singapore, Dubai, and others, as the testing are underway at various locations. The market scenario across various countries are expected to differ, as there are different rules and regulations for eVTOL aircraft operations. Moreover, growing investment in eVTOL aircraft by leading companies is positively influencing the demand for global eVTOL aircraft market. The increased revenue generated by the rotorcraft segment in the eVTOL aircraft market is expected due to large-scale investments by the companies to develop rotorcraft. The eVTOL aircraft using rotorcraft technology is anticipated to occupy less space, enabling its efficiency in landing in crowded places as well.

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In terms of value, the global eVTOL aircraft market is expected to report $524.0 million revenue in 2025 and is estimated to cross $1,899.7 million by 2035, registering a growth rate of 13.75% during the forecast period, 2025-2035. In terms of volume, the global eVTOL aircraft market is expected to be 499 units in 2025 and is expected to reach 2,028 units in 2035, growing with a CAGR of 15.05% during the forecast period 2025-2035. The global eVTOL aircraft market is expected to have an extensive growth due to factors such as the increasing demand for fuel efficient environment-friendly aircraft and efficiency of electric aircraft in comparison to conventional aircraft and growing need for alternative means of transportation with increasing population.

Europe eVTOL aircraft market includes the region’s major countries such as the U.K, France, Germany, and Italy. The Europe eVTOL aircraft market is expected to report a revenue of $103.4 million in 2025 and is expected to grow at a CAGR of 13.74% during the forecast period 2025-2035. In Europe, the U.K. is expected to acquire the major market share in 2025. The region is expected to have a good growth owing to the developments and investments in the eVTOL aircraft market.

The competitive landscape of the eVTOL aircraft market includes different strategies undertaken by the manufacturers to gain market presence. Some of the strategies adopted by eVTOL manufacturers are product launches and developments, partnerships, agreements, and contracts, mergers and acquisitions. Among all the strategies adopted, partnerships, contracts, and agreements have dominated the market and is the most widely adopted strategy among the eVTOL manufacturers.

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The eVTOL aircraft market is a highly competitive industry, with all the players competing with each other to gain a greater market share. Innovation and development are the key factors expected to drive anticipated growth in this market. To increase the global footprint, global eVTOL manufacturers are also entering into mergers and acquisitions to strengthen their product portfolio.

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Categories News , Research , Technology
Tags aircraft , evtol aircraft , evtol aircraft market
Last Updated July 30, 2020