North America EVTOL Aircraft Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Lift Technology (Multirotor, Lift Plus Cruise, Vectored Thrust, and Others), Propulsion Type (Hybrid, Fully Electric, and Electric Hydrogen), Application (Ai

North America EVTOL Aircraft Market Forecast to 2028 – COVID-19 Impact and Regional 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)

The North America eVTOL aircraft market is expected to grow from US$ 184.82 million in 2024 to US$ 674.41 million by 2028; it is estimated to grow at a CAGR of 38.2% from 2024 to 2028.
The aviation industry is one of the fastest-growing sources of the greenhouse gas emissions, driving global climate change. On January 11, 2021, the Environmental Protection Agency (EPA) issued a greenhouse gas (GHG) emissions standard for aircraft operating North America to control their carbon emissions. In addition, in November 2021, EPA filed a litigation that formulated the commercial aircraft greenhouse gas (GHG) emission standards, which EPA promoted in early 2021. The development of electric propulsion-based eVTOL aircraft helps mitigate the environmental impact in terms of noise and pollutant emissions. Thus, government regulations and policies for reducing emissions drive the demand for electric propulsion-based eVTOL aircraft. Initiatives from key players and startups are increasing across the North America. The startup will launch operations in 2024. As battery technology are improving over the years, eVTOL is becoming sustainable. eVTOL aircraft can fly for longer ranges and at higher speeds. Electric propulsion-based eVTOL can move into intra-city and inter-city aviation. The investments from key players are also growing. For instance, in January 2022, the ePlane Company, an eVTOL aircraft startup company, raised US$ 5 million in a Pre-Series A funding round led by Speciale Invest and Micelio. The investment was made to make unmanned air taxis. Moreover, the increasing developments in the electric propulsion-based UAVs are also expected to boost the eVTOL aircraft during the forecast period. Also, the vendors across this market are initially focusing on the development of fully electric propulsion based eVTOL aircraft.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America eVTOL aircraft market . The North America eVTOL aircraft market is expected to grow at a good CAGR during the forecast period.
North America eVTOL aircraft market Revenue and Forecast to 2028 (US$ Million )
North America eVTOL aircraft market Segmentation
The North America eVTOL aircraft market is segmented into by lift technology, propulsion type, application, operation mode, and country. Based on lift technology, the North America eVTOL aircraft market is segmented into multirotor, lift plus cruise, vectored thrust, and others. The lift plus cruise dominates the North America eVTOL aircraft market in 2024. Based on propulsion type, the North America eVTOL aircraft market is categorized into hybrid, fully electric, and electric hydrogen. The fully electric segment dominates the North America eVTOL aircraft market in 2024. Based on application, the North America eVTOL aircraft market is categorized into air taxi, Cargo Transport, last mile delivery, critical missions, inspection, surveying and mapping, and others. The air taxi segment dominates the North America eVTOL aircraft market in 2024. Based on operation mode, the North America eVTOL aircraft market is categorized into piloted, optionally piloted, and autonomous. The piloted segment dominates the North America eVTOL aircraft market in 2024. Based on country, the North America eVTOL aircraft market is bifurcated into the US and Canada. The US dominates the North America eVTOL aircraft market in 2024.
Key players dominating the North America eVTOL aircraft market are Airbus, Bell Textron Inc., Boeing, Eve Air Mobility, Lilium GmBH, Opener, EHang, BETA Technologies Pipistrel Group, Joby Aviation Inc., Heart Aerospace, and Archer Aviation Inc by Altair are among the leading companies in the North America eVTOL aircraft market.

Reasons to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America 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 North America 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 North America market trends and outlook coupled with the factors driving the North America eVTOL aircraft 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"


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. North America 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. North America 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 – North America Market Analysis
6.1 North America eVTOL Aircraft Market Overview
6.2 North America eVTOL Aircraft Market Forecast and Analysis
7. North America 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. North America 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. North America 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. North America 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. North America eVTOL Aircraft Market – By Country Analysis
11.1 North America: eVTOL Aircraft Market
11.1.2 North America: eVTOL Aircraft Market, by Key Country
11.1.2.1 US: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.1.1 US: eVTOL Aircraft Market, By Lift Technology
11.1.2.1.2 US: eVTOL Aircraft Market, By Propulsion Type
11.1.2.1.3 US: eVTOL Aircraft Market, By Application
11.1.2.1.4 US: eVTOL Aircraft Market, By Operation Mode
11.1.2.2 Canada: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
11.1.2.2.1 Canada: eVTOL Aircraft Market, By Lift Technology
11.1.2.2.2 Canada: eVTOL Aircraft Market, By Propulsion Type
11.1.2.2.3 Canada: eVTOL Aircraft Market, By Application
11.1.2.2.4 Canada: eVTOL Aircraft Market, By Operation Mode
12. Industry Landscape
12.1 Overview
12.2 Market Initiative
12.3 New Product Development
12.4 Merger and Acquisition
13. Company Profiles
13.1 Airbus
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Bell Textron Inc.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Boeing
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Eve Air Mobility
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Lilium GmBH
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Opener
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 EHang
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.8 BETA Technologies
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Pipistrel Group
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 Joby Aviation Inc.
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
13.11 Heart Aerospace
13.11.1 Key Facts
13.11.2 Business Description
13.11.3 Products and Services
13.11.4 Financial Overview
13.11.5 SWOT Analysis
13.11.6 Key Developments
13.12 Archer Aviation Inc.
13.12.1 Key Facts
13.12.2 Business Description
13.12.3 Products and Services
13.12.4 Financial Overview
13.12.5 SWOT Analysis
13.12.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. North America eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America: eVTOL Aircraft Market, by Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)
Table 4. US: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 5. US: eVTOL Aircraft Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 6. US: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)
Table 7. Canada: eVTOL Aircraft Market, By Lift Technology – Revenue and Forecast to 2028 (US$ Million)
Table 8. Canada: eVTOL Aircraft Market, By Propulsion Type – Revenue and Forecast to 2028 (US$ Million)
Table 9. Canada: eVTOL Aircraft Market, By Application– Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: eVTOL Aircraft Market, By Operation Mode – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
  
LIST OF FIGURES
Figure 1. North America eVTOL Aircraft Market Segmentation
Figure 2. North America eVTOL Aircraft Market Segmentation – By Country
Figure 3. North America 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. US to Show Great Traction During Forecast Period
Figure 9. North America eVTOL Aircraft Market– Porter’s Five Forces Analysis
Figure 10. North America Ecosystem Analysis: eVTOL Aircraft Battery
Figure 11. North America Expert Opinion
Figure 12. North America eVTOL Aircraft Market: Impact Analysis of Drivers and Restraints
Figure 13. North America eVTOL Aircraft Market Forecast and Analysis (US$ Million)
Figure 14. North America eVTOL Aircraft Market Revenue Share, by Lift Technology (2024 and 2028)
Figure 15. North America Multirotor: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Lift Plus Cruise: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. North America Vectored Thrust: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Others: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America eVTOL Aircraft Market Revenue Share, by Propulsion Type (2024 and 2028)
Figure 20. North America Hybrid: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. North America Fully Electric: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Electric Hydrogen: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America eVTOL Aircraft Market Revenue Share, by Application (2024 and 2028)
Figure 24. North America Air Taxi: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Cargo Transport: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America Last Mile Delivery: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America Critical Missions: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America Inspection, Surveying and Mapping: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America Others: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. North America eVTOL Aircraft Market Revenue Share, by Operation Mode (2024 and 2028)
Figure 31. North America Piloted: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. North America Optionally Piloted: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America Autonomous: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 34. North America: eVTOL Aircraft Market, by Key Country – Revenue (2024) (US$ Million)
Figure 35. North America: eVTOL Aircraft Market Revenue Share, by Key Country (2024 & 2028)
Figure 36. US: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. Canada: eVTOL Aircraft Market – Revenue and Forecast to 2028 (US$ Million)

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