According to the recent study the electric VTOL (eVTOL) aircraft market is projected to reach an estimated $XX billion by 2028 from $XX billion in 2023, at a CAGR of 15% to 17% from 2023 to 2028. Growth in this market is primarily driven by rise in demand for green energy and noise-free aircraft and increasing penetration of eVTOL aircraft for cargo applications..
Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in electric VTOL (eVTOL) aircraft market by lift technology (vectored thrust, multirotor, and lift plus cruise), propulsion type (fully electric, hybrid electric, and hydrogen-electric), mode of operation (autonomous and piloted), application (air taxis, air shuttles & air metro, private transport, cargo transport, air ambulance & medical emergency, last-mile delivery, inspection & monitoring, surveying & mapping, surveillance, special mission, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
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“Multirotor market is expected to remain the largest segment during the forecast period.”
Based on technology, the electric VTOL (eVTOL) aircraft market is segmented into vectored thrust, multirotor, and lift plus cruise. Lucintel forecasts that the multirotor market is expected to remain the largest segment due to because it is increasingly used in various applications from transporting passengers and emergency services to recreational activities like aerial photography.
“Within the electric VTOL (eVTOL) aircraft market, the hydrogen-electric segment is expected to remain the largest propulsion type”
Based on propulsion type the hydrogen-electric segment is expected to witness the highest growth over the forecast period due to because hydrogen fuels are considered as an alternative power source for electric and it ensures better and more storage facilities.
“North America will dominate the electric VTOL (eVTOL) aircraft market in near future”
North America will remain the largest region due to the growing demand for advanced optronics devices and increasing investment in R&D activities by market players in eVTOL aircraft are promoting regional growth.
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Major players of electric VTOL (eVTOL) aircraft market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. EHANG, Volocopter, Uber Technologies, Aurora Flight Sciences, Bell Textron, Workhorse, Lilium, Terrafugia, OXIS Energy, and Karem Aircraft are among the major electric VTOL (eVTOL) aircraft providers.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/electric-vtol-aircraft-market.aspx or [email protected]