"Continued Emphasis on Urban Air Mobility (UAM) to bolster the Demand for eVTOL Aircrafts"

The electric Vertical Takeoff and Landing (eVTOL) aircraft market expected to reach at the market value of US$ 394.63 Mn in 2029. With development of autonomous aircraft technology, applications of electronic aircrafts expected to grow at rapid rate. Several market players have recognized an opportunity for passenger-carrying applications with small self-piloted aircraft. Such advancement have altered and continue to change the low-altitude Urban Air Mobility (UAM) environment. UAM presents an opportunity to provide seamless, safe and rapid transportation to mitigate existing and future challenges faced by urban areas. Almost 100,000 passenger electronic aircrafts expected to be in service worldwide by 2050. Autonomous flight technology advancements, electric propulsion and 5G communication networks expected to spawn on-demand air traveling services, intercity flights and scheduled airport shuttles among others. Urban air mobility operations majorly enabled by the vertical take-off and landing (VTOL) capability. Vertical mobility expected to become an inevitable part of overall urban mobility. Passenger eVTOL to play vital role here as they operate faster than its counterparts and are available on demand. Such technology also expected to be attractive and competitive way to cover longer distances since they require relatively few infrastructure investments and can service secondary & tertiary routes.

"Fully Electric Propulsion Segment Accounted to be the Largest Contributor in eVTOL Aircraft Market"

Utilization of Distributed Electric Propulsion (DEP) technology enables considerable efficiency improvements as it provides lift with higher efficiency especially in cruise phase. Engine failure accounted for over 18% of overall air travel accidents when shared with fuel management blunders. Electric propulsion is the preferred propulsion choice for the urban VTOL aircraft due to zero operational emissions. Over the years, significant amount of research has been directed towards lowering the upfront cost of the electric transportation. There has been significant amount of technology development across the globe, focusing majorly on batteries and charging infrastructure. Advancements in technology have resulted in battery technology evolving to a point where eVTOL aircrafts are on the verge of becoming viable in select mass-market applications. With constant emphasis on electrification of transportation facilities, the fully electric propulsion segment expected to be the largest segment across the forecast period.

"North America to Garner the Largest Market Share"

North America is expected to be the leading region in overall eVTOL aircraft market by 2029. With high adoption for advanced technology in North America, eVTOL aircraft market here projected to witness prominent growth rate across the forecast period. In 2015, road-traffic congestion resulted in consumption of 7.2 Bn person-hours as well as 3.5 Bn gallons of excess fuel consumed in the US. Transportation as whole accounted for almost 33% of CO2 emissions in the US, of which 80% are from trucks and cars traveling on the roadway system. Furthermore, Asia Pacific market accounted to be the fastest growing regional market across the forecast period. Growing population and rapidly growing urbanization in Asia Pacific expected to primarily drive the market growth here.

Key players of global eVTOL aircraft market include A³ by Airbus, Embraer S.A., Workhorse Group, Lilium, Lift Aircraft Inc., Kitty Hawk, Aurora Flight Sciences, Neva Aerospace, Volocopter GmbH, Karem Aircraft, Inc., Ehang, Bell Helicopter Textron Inc., Opener, Pipistrel, Joby Aviation and others.

Historical & Forecast Period

This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of eVTOL Aircraft market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the eVTOL Aircraft market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of eVTOL Aircraft market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2033.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the eVTOL Aircraft market?
• Which is the largest regional market for eVTOL Aircraft market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving eVTOL Aircraft market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the eVTOL Aircraft market worldwide?