eVTOL Aircraft Market Size, Trend Analysis & Forecast to 2028

eVTOL Aircraft Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Lift Technology (Multirotor, Lift Plus Cruise, Vectored Thrust, and Others), Propulsion Type (Hybrid, Fully Electric, and Electric Hydrogen), Application (Air Taxi; Cargo Transport; Last Mile Delivery; Critical Missions; Inspection, Surveying, and Mapping; and Others), and Operation Mode (Piloted, Optionally Piloted, and Autonomous)

Publication Month: Jun 2022 | Report Code: TIPRE00007568 | No. of Pages: 182 | Category: Aerospace and Defense | Status: Published

The eVTOL aircraft market is expected to grow from US$ 519.81 million in 2024 to US$ 1,756.28 million by 2028; it is expected to grow at a CAGR of 35.6% from 2024 to 2028.

Based on region, the global eVTOL aircraft market is segmented into North America, Europe, Asia Pacific, and the Rest of World. In 2024, Europe is expected to lead the market with a substantial market share, followed by North America. Further, North America is expected to register the highest CAGR in the market from 2024 to 2028.

The eVTOL aircraft market is in the development phase in the European countries; however, the leading companies are strategically working to leverage the market dynamics. For instance, Volocopter GmbH, a German aircraft manufacturer and a leading pioneer of urban air mobility (UAM), had planned to launch the world’s first-ever eVTOL suite of services with the help of passenger air taxis and heavy-lift cargo drones between 2024 and 2026. Also, in March 2022, Jetex and Volocopter signed a strategic partnership agreement to define a safe and sustainable model of urban air mobility. The partnership was established to deploy and operate permanent, economically sustainable, and integrated UAM taxi takeoff and landing infrastructure and services for passenger transportation.

North America is expected to be the fastest-growing region in the global eVTOL aircraft market during the forecast period, according to the market analysis. This is owing to the presence of many eVTOL companies in the region that include vendors such as Archer Aviation, Alakai Skai, Opener Aero, BETA Technologies, Gravitas, Joby Aviation, Wisk Aero LLC., Jaunt Air Mobility, Kittyhawk, and Bell Textron Inc. The eVTOL aircraft market is in the development phase and is expected to grow in the coming years in North America, owing to a rising number of investments and strategic initiatives from key players in the eVTOL aircraft industry. For instance, in February 2021, United Airlines and Archer Aviation announced a partnership to leverage the international carrier's aviation experience. As per the partnership, United Airlines would purchase 200 eVTOL aircraft from Archer. In addition, in June 2021, Vertical Aerospace announced deals worth US$ 4 billion with American Airlines, Virgin Atlantic, and leasing group Avolon for up to 1,000 of its VA-X4 eVTOL aircraft.

Strategic Insights – eVTOL Aircraft Market

Impact of COVID-19 Pandemic on eVTOL Aircraft Market

The overall impact of the COVID-19 pandemic on the aviation industry is severe. The global aviation industry is expected to lose ~US$ 200 billion from 2020 to 2022. The impact of the pandemic has led to declined aircraft production, disrupted supply chain during the FY 2020, postponement of new orders, transportation challenges for sourcing materials or parts, and labor challenges for the aviation industry vendors. This had also adversely affected the eVTOL industry. As the eVTOL industry is still in its development phase and is required to have a rising economic growth to sustain the developments across the eVTOL industry, the ongoing projects such as testing, certification, and production of prototypes have been severely impacted during the pandemic.

Lucrative Regions for eVTOL Aircraft Market

Lucrative Regions for eVTOL Aircraft Market

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Market Insights – eVTOL Aircraft Market

Europe leads in the adoption of eVTOL aircraft, technological advancements, and expenditure on eVTOL technologies. This is primarily driving the eVTOL aircraft market growth. The European eVTOL aircraft market has started witnessing rapid recovery for its development. Companies such as Lilium and Volocopter have also witnessed a rising number of pre-orders expected to increase the market size once it is commercialized. For instance, in 2021, Lilium announced that it had already secured a contract worth US$ 1 billion wherein the company is about to provide 220 units of its 5-seater eVTOL aircraft to Luxaviation Group. Moreover, in 2022, Lilium got another pre-order of 150 six-passenger jets that NetJets will provide in the coming years. The lockdown further discontinued the eVTOL aircraft and its prototype production and testing from 2020 to 2021. However, in contrast to the factors mentioned above, the European eVTOL aircraft market players managed to acquire contracts related to eVTOL aircraft development from investors and partners across the region. This further enabled the market players to generate revenues, perform various flight tests and contribute to the eVTOL aircraft market development.

The eVTOL aircraft market is segmented into lift technology, propulsion type, application, and operation mode. Based on lift technology, the eVTOL aircraft market is segmented into multirotor, lift plus cruise, vectored thrust, and others. Based on propulsion type, the market is segmented into hybrid, fully electric, and electric hydrogen. Based on application, the market is categorized into air taxi; cargo transport; last mile delivery; critical missions; inspection, surveying, and mapping; and others. Based on operation mode, the eVTOL aircraft market is segmented into piloted, optionally piloted, and autonomous.

Airbus (The Netherlands), Bell Textron Inc. (US), Boeing (US), Eve Air Mobility (Brazil), Lilium GmbH (Germany), Opener (US), EHang (China), BETA Technologies (US), Pipistrel Group (Slovenia), Volocopter GmbH (Germany), Joby Aviation Inc. (US), Heart Aerospace (Sweden), and Archer Aviation Inc. (US) are among the players profiled during the study of the eVTOL aircraft market.

The eVTOL aircraft market players are mainly focused on the development of advanced and efficient products, mergers, and partnerships.

  • In 2022, Thales partnered with Eve for eVTOL development. Thales announced to support the development of its eVTOL aircraft in Brazil. The strategic partnership involves a series of joint studies over a twelve-month period, which started in January 2022, on the technical, economic, and adaptable feasibility of a 100% electrically powered aircraft.
  • In 2021, Heart Aerospace partnered with Arennova Aerospace S.A. to co-design the structure for the new ES-19 electric aircraft – an all-electric aircraft designed to carry nineteen passengers on short regional routes. Aernnova Aerospace S.A. will work with Heart's engineers in designing the wing, the fuselage, and the empennage.

Frequently Asked Questions

The estimated global market size for the eVTOL aircraft market in 2024 is expected to be around US$ 519.81 million
Adoption of air taxis due to development of urban air mobility Development of electric propulsion-based eVTOL aircraft
Emerging need for green energy-based mode of transportation
Lilium GmbH, EHang, Eve Air Mobility, Joby Aviation, and Volocopter GmbH are the key market players expected to hold a major market share of eVTOL aircraft market in 2024
North America is expected to register highest CAGR in the eVTOL aircraft market during the forecast period (2024-2028)
Germany, US, and France are expected to register high growth rate during the forecast period
The US is expected to hold a major market share of eVTOL aircraft market in 2024
Piloted segment is expected to hold a major market share of eVTOL aircraft market in 2024
The global market size of eVTOL aircraft market by 2028 will be around US$ 1,756.28 million
The eVTOL aircraft market is expected to register an incremental growth value of US$ 1,236.46 million during the forecast period

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. eVTOL Aircraft Market Landscape

4.1 Market Overview

4.2 Porter’s Five Force Analysis

4.2.1 Bargaining Power of Buyers

4.2.2 Bargaining Power of Suppliers

4.2.3 Threat to New Entrants

4.2.4 Threat to Substitutes

4.2.5 Competitive Rivalry

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. eVTOL Aircraft Market – Key Industry Dynamics

5.1 Market Drivers

5.1.1 Adoption of Air Taxis due to Development of Urban Air Mobility

5.1.2 Development of Electric Propulsion-Based eVTOL Aircraft

5.2 Market Restraints

5.2.1 Certification and Qualification Challenges for Market Vendors

5.3 Market Opportunities

5.3.1 Demand for Last-Mile Delivery

5.4 Market Trends

5.4.1 Emerging Need for Green Energy-Based Mode of Transportation

5.5 Impact Analysis of Drivers and Restraints

6. eVTOL Aircraft Market – Global Market Analysis

6.1 eVTOL Aircraft Market Overview

6.2 eVTOL Aircraft Market Forecast and Analysis

6.3 Market Positioning – Global Key Players

7. eVTOL Aircraft Market Analysis – by Lift Technology

7.1 Overview

7.2 Multirotor

7.2.1 Overview

7.2.2 Multirotor: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

7.3 Lift Plus Cruise

7.3.1 Overview

7.3.2 Lift Plus Cruise: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

7.4 Vectored Thrust

7.4.1 Overview

7.4.2 Vectored Thrust: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

7.5 Others

7.5.1 Overview

7.5.2 Others: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

8. eVTOL Aircraft Market Analysis – by Propulsion Type

8.1 Overview

8.2 Hybrid

8.2.1 Overview

8.2.2 Hybrid: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

8.3 Fully Electric

8.3.1 Overview

8.3.2 Fully Electric: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Electric Hydrogen

8.4.1 Overview

8.4.2 Electric Hydrogen: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9. eVTOL Aircraft Market Analysis – by Application

9.1 Overview

9.2 Air Taxi

9.2.1 Overview

9.2.2 Air Taxi: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.3 Cargo Transport

9.3.1 Overview

9.3.2 Cargo Transport: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.4 Last Mile Delivery

9.4.1 Overview

9.4.2 Last Mile Delivery: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.5 Critical Missions

9.5.1 Overview

9.5.2 Critical Missions: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.6 Inspection, Surveying and Mapping

9.6.1 Overview

9.6.2 Inspection, Surveying and Mapping: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

9.7 Others

9.7.1 Overview

9.7.2 Others: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

10. eVTOL Aircraft Market Analysis – by Operation Mode

10.1 Overview

10.2 Piloted

10.2.1 Overview

10.2.2 Piloted: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

10.3 Optionally Piloted

10.3.1 Overview

10.3.2 Optionally Piloted: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

10.4 Autonomous

10.4.1 Overview

10.4.2 Autonomous: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11. eVTOL Aircraft Market – Geographic Analysis

11.1 Overview

11.2 North America: eVTOL Aircraft Market

11.2.1 North America: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.2.2 North America: eVTOL Aircraft Market, By Lift Technology

11.2.3 North America: eVTOL Aircraft Market, By Propulsion Type

11.2.4 North America: eVTOL Aircraft Market, By Application

11.2.5 North America: eVTOL Aircraft Market, By Operation mode

11.2.6 North America: eVTOL Aircraft Market, by Key Country

11.2.6.1 US: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.2.6.1.1 US: eVTOL Aircraft Market, By Lift Technology

11.2.6.1.2 US: eVTOL Aircraft Market, By Propulsion Type

11.2.6.1.3 US: eVTOL Aircraft Market, By Application

11.2.6.1.4 US: eVTOL Aircraft Market, By Operation Mode

11.2.6.2 Canada: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.2.6.2.1 Canada: eVTOL Aircraft Market, By Lift Technology

11.2.6.2.2 Canada: eVTOL Aircraft Market, By Propulsion Type

11.2.6.2.3 Canada: eVTOL Aircraft Market, By Application

11.2.6.2.4 Canada: eVTOL Aircraft Market, By Operation Mode

11.3 Europe: eVTOL Aircraft Market

11.3.1 Europe: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.3.2 Europe: eVTOL Aircraft Market, By Lift Technology

11.3.3 Europe: eVTOL Aircraft Market, By Propulsion Type

11.3.4 Europe: eVTOL Aircraft Market, By Application

11.3.5 Europe: eVTOL Aircraft Market, By Operation Mode

11.3.6 Europe: eVTOL Aircraft Market, by Key Country

11.3.6.1 Germany: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.3.6.1.1 Germany: eVTOL Aircraft Market, By Lift Technology

11.3.6.1.2 Germany: eVTOL Aircraft Market, By Propulsion Type

11.3.6.1.3 Germany: eVTOL Aircraft Market, By Application

11.3.6.1.4 Germany: eVTOL Aircraft Market, By Operation Mode

11.3.6.2 France: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.3.6.2.1 France: eVTOL Aircraft Market, By Lift Technology

11.3.6.2.2 France: eVTOL Aircraft Market, By Propulsion Type

11.3.6.2.3 France: eVTOL Aircraft Market, By Application

11.3.6.2.4 France: eVTOL Aircraft Market, By Operation Mode

11.3.6.3 Italy: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.3.6.3.1 Italy: eVTOL Aircraft Market, By Lift Technology

11.3.6.3.2 Italy: eVTOL Aircraft Market, By Propulsion Type

11.3.6.3.3 Italy: eVTOL Aircraft Market, By Application

11.3.6.3.4 Italy: eVTOL Aircraft Market, By Operation Mode

11.3.6.4 UK: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.3.6.4.1 UK: eVTOL Aircraft Market, By Lift Technology

11.3.6.4.2 UK: eVTOL Aircraft Market, By Propulsion Type

11.3.6.4.3 UK: eVTOL Aircraft Market, By Application

11.3.6.4.4 UK: eVTOL Aircraft Market, By Operation Mode

11.3.6.5 Russia: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.3.6.5.1 Russia: eVTOL Aircraft Market, By Lift Technology

11.3.6.5.2 Russia: eVTOL Aircraft Market, By Propulsion Type

11.3.6.5.3 Russia: eVTOL Aircraft Market, By Application

11.3.6.5.4 Russia: eVTOL Aircraft Market, By Operation Mode

11.3.6.6 Rest of Europe: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.3.6.6.1 Rest of Europe: eVTOL Aircraft Market, By Lift Technology

11.3.6.6.2 Rest of Europe: eVTOL Aircraft Market, By Propulsion Type

11.3.6.6.3 Rest of Europe: eVTOL Aircraft Market, By Application

11.3.6.6.4 Rest of Europe: eVTOL Aircraft Market, By Operation Mode

11.4 APAC: eVTOL Aircraft Market

11.4.1 APAC: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.4.2 APAC: eVTOL Aircraft Market, By Lift Technology

11.4.3 APAC: eVTOL Aircraft Market, By Propulsion Type

11.4.4 APAC: eVTOL Aircraft Market, By Application

11.4.5 APAC: eVTOL Aircraft Market, By Operation Mode

11.4.6 APAC: eVTOL Aircraft Market, by Key Country

11.4.6.1 China: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.1.1 China: eVTOL Aircraft Market, By Lift Technology

11.4.6.1.2 China: eVTOL Aircraft Market, By Propulsion Type

11.4.6.1.3 China: eVTOL Aircraft Market, By Application

11.4.6.1.4 China: eVTOL Aircraft Market, By Operation Mode

11.4.6.2 Japan: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.2.1 Japan: eVTOL Aircraft Market, By Lift Technology

11.4.6.2.2 Japan: eVTOL Aircraft Market, By Propulsion Type

11.4.6.2.3 Japan: eVTOL Aircraft Market, By Application

11.4.6.2.4 Japan: eVTOL Aircraft Market, By Operation Mode

11.4.6.3 South Korea: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.3.1 South Korea: eVTOL Aircraft Market, By Lift Technology

11.4.6.3.2 South Korea: eVTOL Aircraft Market, By Propulsion Type

11.4.6.3.3 South Korea: eVTOL Aircraft Market, By Application

11.4.6.3.4 South Korea: eVTOL Aircraft Market, By Operation Mode

11.4.6.4 Rest of APAC: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.4.6.4.1 Rest of APAC: eVTOL Aircraft Market, By Lift Technology

11.4.6.4.2 Rest of APAC: eVTOL Aircraft Market, By Propulsion Type

11.4.6.4.3 Rest of APAC: eVTOL Aircraft Market, By Application

11.4.6.4.4 Rest of APAC: eVTOL Aircraft Market, By Operation Mode

11.5 Rest of the World: eVTOL Aircraft Market

11.5.1 Rest of the World: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.5.2 Rest of the World: eVTOL Aircraft Market, By Lift Technology

11.5.3 Rest of the World: eVTOL Aircraft Market, By Propulsion Type

11.5.4 Rest of the World: eVTOL Aircraft Market, By Application

11.5.5 Rest of the World: eVTOL Aircraft Market, By Operation Mode

11.5.6 Rest of the World: eVTOL Aircraft Market, by Key Sub-Regions

11.5.6.1 MEA: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.5.6.1.1 MEA: eVTOL Aircraft Market, By Lift Technology

11.5.6.1.2 MEA: eVTOL Aircraft Market, By Propulsion Type

11.5.6.1.3 MEA: eVTOL Aircraft Market, By Application

11.5.6.1.4 MEA: eVTOL Aircraft Market, By Operation Mode

11.5.6.2 SAM: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

11.5.6.2.1 SAM: eVTOL Aircraft Market, By Lift Technology

11.5.6.2.2 SAM: eVTOL Aircraft Market, By Propulsion Type

11.5.6.2.3 SAM: eVTOL Aircraft Market, By Application

11.5.6.2.4 SAM: eVTOL Aircraft Market, By Operation Mode

12. eVTOL Aircraft Market- COVID-19 Impact Analysis

12.1 Overview

12.2 North America: Impact Assessment of COVID-19 Pandemic

12.3 Europe: Impact Assessment of COVID-19 Pandemic

12.4 Asia-Pacific: Impact Assessment of COVID-19 Pandemic

12.5 Rest of the World: Impact Assessment of COVID-19 Pandemic

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 New Product Development

13.4 Merger and Acquisition

14. Company Profiles

14.1 Airbus

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 Bell Textron Inc.

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Boeing

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Eve Air Mobility

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Lilium GmBH

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 Opener

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 EHang

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.8 BETA Technologies

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 Pipistrel Group

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Volocopter GmbH

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

14.11 Joby Aviation Inc.

14.11.1 Key Facts

14.11.2 Business Description

14.11.3 Products and Services

14.11.4 Financial Overview

14.11.5 SWOT Analysis

14.11.6 Key Developments

14.12 Heart Aerospace

14.12.1 Key Facts

14.12.2 Business Description

14.12.3 Products and Services

14.12.4 Financial Overview

14.12.5 SWOT Analysis

14.12.6 Key Developments

14.13 Archer Aviation Inc.

14.13.1 Key Facts

14.13.2 Business Description

14.13.3 Products and Services

14.13.4 Financial Overview

14.13.5 SWOT Analysis

14.13.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Word Index

LIST OF TABLES

Table 1. eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Table 2. North America: eVTOL Aircraft Market, By Lift Technology– Revenue and Forecast to 2028 (US$ Million)

Table 3. North America: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 4. North America: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 5. North America: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 6. North America: eVTOL Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 7. US: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 8. US: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 9. US: eVTOL Aircraft Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 10. US: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 11. Canada: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 12. Canada: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 13. Canada: eVTOL Aircraft Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 14. Canada: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 15. Europe: eVTOL Aircraft Market, By Lift Technology– Revenue and Forecast to 2028 (US$ Million)

Table 16. Europe: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 17. Europe: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 18. Europe: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 19. Europe: eVTOL Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 20. Germany: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 21. Germany: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 22. Germany: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 23. Germany: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 24. France: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 25. France: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 26. France: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 27. France: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 28. Italy: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 29. Italy: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 30. Italy: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 31. Italy: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 32. UK: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 33. UK: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 34. UK: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 35. UK: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 36. Russia: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 37. Russia: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 38. Russia: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 39. Russia: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 40. Rest of Europe: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 41. Rest of Europe: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 42. Rest of Europe: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 43. Rest of Europe: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 44. APAC: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 45. APAC: eVTOL Aircraft Market, By Propulsion Type– Revenue and Forecast to 2028 (US$ Million)

Table 46. APAC: eVTOL Aircraft Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 47. APAC: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 48. APAC: eVTOL Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 49. China: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 50. China: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 51. China: eVTOL Aircraft Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 52. China: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 53. Japan: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 54. Japan: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 55. Japan: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 56. Japan: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 57. South Korea: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 58. South Korea: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 59. South Korea: eVTOL Aircraft Market, By Application– Revenue and Forecast to 2028 (US$ Million)

Table 60. South Korea: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 61. Rest of APAC: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 62. Rest of APAC: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 63. Rest of APAC: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 64. Rest of APAC: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 65. Rest of the World: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 66. Rest of the World: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 67. Rest of the World: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 68. Rest of the World: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 69. Rest of the World: eVTOL Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)

Table 70. MEA: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 71. MEA: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 72. MEA: eVTOL Aircraft Market, By Application – Revenue and Forecast to 2028 (US$ Million)

Table 73. MEA: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 74. SAM: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)

Table 75. SAM: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)

Table 76. SAM: eVTOL Aircraft Market, Aircraft Type – Revenue and Forecast to 2028 (US$ Million)

Table 77. SAM: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)

Table 78. List of Abbreviation

LIST OF FIGURES

Figure 1. eVTOL Aircraft Market Segmentation

Figure 2. eVTOL Aircraft Market Segmentation – By Geography

Figure 3. Global eVTOL Aircraft Market Overview

Figure 4. Lift Plus Cruise Segment held the Largest Share of eVTOL Aircraft Market

Figure 5. Fully Electric Segment held the Largest Share of eVTOL Aircraft Market

Figure 6. Air Taxi Segment held the Largest Share of eVTOL Aircraft Market

Figure 7. Piloted Segment held the Largest Share of eVTOL Aircraft Market

Figure 8. North America to Show Great Traction During Forecast Period

Figure 9. eVTOL Aircraft Market– Porter’s Five Forces Analysis

Figure 10. Ecosystem Analysis: eVTOL Aircraft Battery

Figure 11. Expert Opinion

Figure 12. eVTOL Aircraft Market: Impact Analysis of Drivers and Restraints

Figure 13. eVTOL Aircraft Market – Geographic Analysis

Figure 14. eVTOL Aircraft Market Forecast and Analysis (US$ Million)

Figure 15. eVTOL Aircraft Market Revenue Share, by Lift Technology (2024 and 2028)

Figure 16. Multirotor: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. Lift Plus Cruise: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. Vectored Thrust: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. Others: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. eVTOL Aircraft Market Revenue Share, by Propulsion Type (2024 and 2028)

Figure 21. Hybrid: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. Fully Electric: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. Electric Hydrogen: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 24. eVTOL Aircraft Market Revenue Share, by Application (2024 and 2028)

Figure 25. Air Taxi: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. Cargo Transport: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 27. Last Mile Delivery: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. Critical Missions: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. Inspection, Surveying and Mapping: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 30. Others: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. eVTOL Aircraft Market Revenue Share, by Operation Mode (2024 and 2028)

Figure 32. Piloted: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. Optionally Piloted: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 34. Autonomous: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 35. Global eVTOL Aircraft Market Revenue Share, by Region (2024 & 2028)

Figure 36. North America: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. North America: eVTOL Aircraft Market Revenue Share, By Lift Technology (2024 & 2028)

Figure 38. North America: eVTOL Aircraft Market Revenue Share, By Propulsion Type (2024 & 2028)

Figure 39. North America: eVTOL Aircraft Market Revenue Share, By Application (2024 & 2028)

Figure 40. North America: eVTOL Aircraft Market Revenue Share, By Operation mode (2024 & 2028)

Figure 41. North America: eVTOL Aircraft Market Revenue Share, by Key Country (2024 & 2028)

Figure 42. US: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 43. Canada: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 44. Europe: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 45. Europe: eVTOL Aircraft Market Revenue Share, By Lift Technology (2024 & 2028)

Figure 46. Europe: eVTOL Aircraft Market Revenue Share, By Propulsion Type (2024 & 2028)

Figure 47. Europe: eVTOL Aircraft Market Revenue Share, By Application (2024 & 2028)

Figure 48. Europe: eVTOL Aircraft Market Revenue Share, By Operation Mode (2024 & 2028)

Figure 49. Europe: eVTOL Aircraft Market Revenue Share, by Key Country (2024 & 2028)

Figure 50. Germany: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 51. France: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 52. Italy: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 53. UK: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 54. Russia: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 55. Rest of Europe: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 56. APAC: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 57. APAC: eVTOL Aircraft Market Revenue Share, By Lift Technology (2024 & 2028)

Figure 58. APAC: eVTOL Aircraft Market Revenue Share, By Propulsion Type (2024 & 2028)

Figure 59. APAC: eVTOL Aircraft Market Revenue Share, By Application (2024 & 2028)

Figure 60. APAC: eVTOL Aircraft Market Revenue Share, By Operation Mode (2024 & 2028)

Figure 61. APAC: eVTOL Aircraft Market Revenue Share, by Key Country (2024 & 2028)

Figure 62. China: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 63. Japan: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 64. South Korea: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 65. Rest of APAC: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 66. Rest of the World: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 67. Rest of the World: eVTOL Aircraft Market Revenue Share, By Lift Technology (2024 & 2028)

Figure 68. Rest of the World: eVTOL Aircraft Market Revenue Share, By Propulsion Type (2024 & 2028)

Figure 69. Rest of the World: eVTOL Aircraft Market Revenue Share, By Application (2024 & 2028)

Figure 70. Rest of the World: eVTOL Aircraft Market Revenue Share, By Operation Mode (2024 & 2028)

Figure 71. Rest of the World: eVTOL Aircraft Market Revenue Share, by Key Sub-Regions (2024 & 2028)

Figure 72. MEA: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 73. SAM: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

Figure 74. Impact of COVID-19 Pandemic in North America Country Markets

Figure 75. Impact of COVID-19 Pandemic in Europe Country Markets

Figure 76. Impact of COVID-19 Pandemic in APAC Country Markets

Figure 77. Impact of COVID-19 Pandemic in Rest of the World

The List of Companies - eVTOL Aircraft Market

  1. Airbus
  2. Bell Textron Inc.
  3. Boeing
  4. Eve Air Mobility
  5. Lilium GmbH
  6. Opener
  7. EHang
  8. BETA Technologies
  9. Pipistrel Group
  10. Volocopter GmbH
  11. Joby Aviation Inc.
  12. Heart Aerospace
  13. Archer Aviation Inc.
  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global eVTOL aircraft market
  • Highlights key business priorities in order to assist companies to realign their business strategies
  • The key findings and recommendations highlight crucial progressive industry trends in the global eVTOL aircraft market, thereby allowing players across the value chain to develop effective long-term strategies
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
  • Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
  • Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
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