Global Electric Vertical Take-off and Landing Market Size study, By Type (Fixed Wing Aircraft, Helicopters, Cyclocopters, Tiltrotors), By Modes (Conventional Take- off and Landing, Short Take-off and Landing, Short Take-off, and Vertical Landing), By Prod

Global Electric Vertical Take-off and Landing Market Size study, By Type (Fixed Wing Aircraft, Helicopters, Cyclocopters, Tiltrotors), By Modes (Conventional Take- off and Landing, Short Take-off and Landing, Short Take-off, and Vertical Landing), By Product Type(Vectored Thrust , Multirotor ), By Application (Civil , Military), and Regional Forecasts 2022-2028Global Electric Vertical Take-off and Landing Market is valued approximately USD XX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2022-2028. Electric Vertical Take-off and Landing or eVTOL can be defined as type of aircraft that uses electrical power to takeoff, hover, and vertical landing. These aircraft are designed for application in urban air transportation, cargo deliveries, and Military Surveillance among others. The rising urban air mobility Market and increasing demand for Electric Vertical Take-off and Landing aircraft as well as recent collaboration activities between leading market players are factors that are accelerating the global market demand. For instance, according to Statista- as of 2022, the global market for Urban Air Mobility is estimated at USD 4.30 billion, and between 2023 and 2035 the market is projected to witness growth rate of over 26 percent year-on-year to reach to USD 86.8 billion. Furthermore, in December 2021, São Paulo, Brazil based Eve Air Mobility, and Us based regional airline company SkyWest, Inc. announced collaboration. Under this collaboration SkyWest would purchase 100 of Eve’s electric vertical takeoff and landing aircraft (eVTOL). Moreover, in April 2022, Eve UAM, LLC, and Thales, joined together to support the development of Eve’s electric vertical take-off and landing aircraft (eVTOL) in Brazil. Under this partnership both the players would work towards technical, economical, and adaptable feasibility aspects of a 100% electrically powered aircraft. Also, growing technological advancements and increasing investment towards development of urban air transportation are anticipated to act as a catalyzing factor for the market demand during the forecast period. However, high cost associated with the deployment and maintenance of eVTOL and lack of penetration in emerging markets impede the growth of the market over the forecast period of 2022-2028.

The key regions considered for the global Electric Vertical Take-off and Landing Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to growing number of collaboration and partnership activities between leading market players and rising research and development activities in the region. Whereas, Asia Pacific is anticipated to exhibit a significant growth rate over the forecast period 2022-2028. Factors such as growing aviation sector and increasing disposable income in the region, would create lucrative growth prospects for the Electric Vertical Take-off and Landing Market across the Asia Pacific region.

Major market players included in this report are:
Lilium (Germany)
EHANG (China)
Volocopter GmbH (Germany)
Airbus (Netherlands)
TERRAFUGIA (US)
Joby Aviation. (US)
KITTYHAWK (US)
PAL-V (US)
ICON Aircraft, Inc. (US)
DeLorean Motors Reimagined LLC (US)


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
Fixed Wing Aircraft
Helicopters
Cyclocopters
Tiltrotors


By Modes
Conventional Take- off and Landing
Short Take-off and Landing
Short Take-off and Vertical Landing

By Product Type
Vectored Thrust
Multirotor

By Application
Civil
Military
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Electric Vertical Take-off and Landing Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Companies Mentioned

Lilium (Germany)
EHANG (China)
Volocopter GmbH (Germany)
Airbus (Netherlands)
TERRAFUGIA (US)
Joby Aviation. (US)
KITTYHAWK (US)
PAL-V (US)
ICON Aircraft, Inc. (US)
DeLorean Motors Reimagined LLC (US)

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