eVTOL Market Size and Forecast 2022 - 2030

eVTOL Market Size and Forecast 2022 - 2030

The Global eVTOL Market Size accounted for USD 6,937 Million in 2021 and is estimated to achieve a market size of USD 30,519 Million by 2030 growing at a CAGR of 18.3% from 2022 to 2030

The Electric Vertical Takeoff and Landing (eVTOL) market represents a transformative shift in urban air mobility, focusing on the development and deployment of electric aircraft capable of vertical takeoff and landing. These innovative vehicles are designed to address the growing need for efficient, sustainable, and congestion-free transportation solutions in urban environments. eVTOLs leverage electric propulsion systems, advanced aerodynamics, and automation to provide a new mode of transport that promises to revolutionize urban and regional mobility.

The eVTOL market is driven by several key factors. Increasing urbanization and the corresponding rise in traffic congestion create a pressing need for alternative transportation solutions that can bypass ground-based traffic. Additionally, advancements in battery technology and electric propulsion systems are enhancing the feasibility of eVTOLs by improving range, efficiency, and safety. Government support through regulatory frameworks and funding for research and development also plays a crucial role in accelerating market growth.

The market features a diverse range of eVTOL designs, including multicopters, lift-and-cruise configurations, and tilt-rotor systems. These designs cater to various use cases such as passenger transport, cargo delivery, and emergency services. Major aerospace companies, startups, and technology providers are actively involved in the development and testing of eVTOL prototypes, with several projects progressing towards commercialization and pilot operations.

eVTOL Market Segmentation:

The worldwide eVTOL market segmentation is based on the technology, propulsion type, mode of operation, payload, range, application, and geography.

eVTOL Market By Technology

Vectored Thrust
Lift plus Cruise
Multirotor

eVTOL Market By Propulsion Type

Hybrid Electric
Fully Electric
Hydrogen Electric
eVTOL Market By Mode of Operation
Autonomous
Piloted

eVTOL Market By Payload

<250 KG
250-500 KG
500-1500 KG
>1500 KG

eVTOL Market By Range

0 To 200 KM
200 To 500 KM

eVTOL Market By Application

Commercial
Delivery Drones
Air Taxi
Military
Combat Mission
Cargo Transport
Emergency Medical Service
Medical Cargo Transport
Air Ambulance

eVTOL Market Players:

Some of the top eVTOL companies offered in the professional report include Airbus SE, Bell Textron Inc., Embraer SA, Kitty Hawk, EHang Holdings Ltd, Elbit Systems Ltd., Workhorse, Lilium GmbH, Volocopter GmbH, Aurora Flight Sciences, Karem Aircraft, Inc, and Pipistrel D.O.O.

eVTOL Market Regional Outlook

North America (United States and Canada)
Europe (Germany, UK, France, Spain and Rest Of Europe)
Asia-Pacific (China, Japan, South Korea, India, Australia,Rest of Asia-Pacific )
Latin America (Brazil, Mexico and Rest Of Latin America.)
Middle East and Africa (South Africa,GCC Countries and Rest Of the Middle East and Africa(ME&A)