eVTOL Aircraft Market Research Report - Global Forecast till 2030

eVTOL Aircraft Market: Information by Type (Air Taxis, Delivery Drones and others), Battery Type (Lithium-Ion Batteries, Solid-State Batteries and Hydrogen Fuel Cells), Lift Technology (Multirotor, Vectored Thrust, Lift Plus Cruise and others), Type of Propulsion (Fully Electric, Hybrid, and Electric Hydrogen), Type of MTOW (<250 kg, 250–500 kg, 500–1,500 kg and >1,500 kg), Range (0–200 km and 200–500 km), Mode of Operation (Piloted and Optionally Piloted) - Forecast till 2030

ID: MRFR/A&D/6480-CR | February 2021 | Region: Global | 136 Pages         

eVTOL Aircraft Market Speak to Analyst Request a Free Sample

eVTOL Aircraft Market

eVTOL Aircraft Market is expected to register a 30.30% growth CAGR and a market valuation worth USD4.0633 Billion by the end of the forecast year of 2030

By Type Air Taxis Delivery Drones and others
By Battery Type Lithium-Ion Batteries Solid-State Batteries and Hydrogen Fuel Cells
By Lift Technology Multirotor Vectored Thrust Lift Plus Cruise and others
By Type of Propulsion Fully Electric Hybrid and Electric Hydrogen
By Mode of Operation Piloted and Optionally Piloted
Key Players
Companies Profiled   EHANG (China)   Volocopter GmbH (Germany)   Uber Technologies Inc. (US)   Aurora Flight Sciences (US)   A³ by Airbus (US)   Bell Textron Inc. (US)   Workhorse (US)   Lilium GmbH (Germany)   TERRAFUGIA (US)   OXIS Energy Ltd (UK)   Karem Aircraft    Inc. (US)   MGM COMPRO (Czech Republic).   Kitty Hawk (US)   EmbraerX (Brazil)   LIFT Aircraft Inc. (US)   Opener (Canada)
Market Driving Forces   eVTOL aircraft market belongs to the next generation
Request a Free Sample

eVTOL Aircraft Market overvieweVTOL Aircraft Market is expected to register a 30.30% growth CAGR and a market valuation worth USD 4.0633 Billion by the end of the forecast year of 2030

eVTOL aircraft stands for electric vertical takeoff and landing. This is a system that deals in autonomous electric aircraft which offer enhanced services in the name of safety and comfort. Also, they help in producing less noise, therefore, less noise pollution. The eVtol aircraft market is gearing up on its operational efficiency with a motive to enhance customer experience by providing flexibility and convenience. Also, it helps in fast travel. These are electric aircrafts and perform concise functions with a good speed. 

There are major suppliers of the help of the e-VTOL aircraft infeasible solutions for communication and a more reliable customer experience. Because of the vast global expansion and key players contributing largely to the sector of research and development, the growth in the eVTOL aircraft market forecast is predicted.The second test flight of the electric VTOL aircraft Concept Integrity, developed by UMILES Next and TECNALIA, was a success. With the help of FlyFree technology created by research partner TECNALIA, the eVTOL aircraft created by UMILES Next, Concept Integrity, soared to the sky above Spain. The aircraft had previously flown in Toulouse, France, but this was its first free flight in Spain as part of the European demonstration project USPACE4UAM. The goal of the project is to find ways to securely integrate mixed operations including both manned and unmanned vehicles into populated areas. Air taxis will eventually be integrated into urban airspace, and these flights will let UMILES Next and TECNALIA test their eVTOL prototype.Differentiating the MarketAutonomous electric vertical take-off and landing (eVTOL) aircraft, the Wisk Aero 6th generation air taxi, was recently unveiled. The company's go-to-market aircraft, this vehicle is supposedly the first autonomous eVTOL to be considered for approval by the FAA. According to the company's statement, the 6th generation eVTOL plane boasts an exclusive 12-propeller design and boom layout, as well as more powerful engines. The vehicles' tilting propulsion units up front and fixed-lift units behind the wings are both designed to better manage energy and give the pilot more precise control

COVID19 Analysis

The spread of the novel coronavirus has been to an unprecedented level on the mushrooming economies at the global scale. The consequences are prevalent to most of the economic sectors and aviation is one of the worse hits. The challenge is of a higher degree for the companies dealing in the eVTOL aircraft market. Before the pandemic, the eVTOL aircraft market registered good growth being in its formative stage. There is an expectation of reliability on the shared flight models in some countries. The value proposition is quite far, dependent on the travel time on the rush tours. 

The governments are trying to allocate proper sections of the budget collaborating with the companies’ efforts for increased workforce interactions to overcome the effect of the pandemic and emerge with an exemplary market valuation by the end of the next decade.FlyBlade India and Embraer's Eve Air Mobility have formed a strategic relationship to advance India's urban air mobility ecosystem. Together, Blade Air Mobility and Hunch Ventures have created FlyBlade India. Eve is working on an eVTOL aircraft designed for use in urban air mobility (UAM) applications. Their planes now have traditional wings and tails instead of canards. Eve and Blade have agreed to launch a three-month pilot project as part of their new strategic relationship. They plan to use helicopters to travel around a big Indian city that has yet to be revealed. Accessibility issues, regulatory hurdles, and transportation congestion are just a few of the obstacles and openings for UAM that are specific to the country.Market dynamics

Drivers The eVTOL aircraft market belongs to the next generation and, is an electric aircraft that is offering esteemed services like reduction in the noise being created with landing, and taking-off. There is a mushrooming need for the speedy transportation models to curb the increasing levels of traffic in the urban localities. These are the major drivers for the eVTOL aircraft market growth and valuation by the end of the forecast year of 2030. Restraints The eVTOL aircraft market is exposed to growth restrictions like the complexities of design, lack of adequate infrastructure for the vertiport stations, as well as, the truancy of the related regulations. Moreover, the market is facing difficulties in emerging from the backlogs brought in by the spread of coronavirus. Cumulative growth analysis A steep increase in the use of eVTOL aircraft market for fulfilling the medical emergencies is expected to fuel the market growth. Also, there is eruption of illness outbreaks in countries worldwide, is pushing for the adoption og the electric VTOL emergency medical services (EMS) aircraft. This is a major factor that will help in increasing the eVTOL aircraft market valuation by the end of the forecast year of 2030. Technology analysis A growing quantum of expansions in the technological field collaborated with the investments and efforts for bringing out new service lane and products by the industries’ top players is gaining commendable momentum. An increasing number of the eVTOL aircraft service suppliers are aiming for the provision of communicable solutions. These solutions are all set to be relevant, reliable, as well as, rendering a good customer experience.Delta Air Lines has put USD 60 million into Joby Aviation, an eVTOL (electric vertical takeoff and landing) firm. The funding marks the beginning of a multi-year cooperation between Delta and the new firm, with the ultimate goal of providing Delta customers with a first-class experience on their way from their front door to the terminal. The first cities to receive Joby's services will be New York and Los Angeles. At both of these airports, where waiting for a flight can be a nightmare, Delta has a strong presence. The eVTOL plane in question is built to minimize noise pollution while flying silently and producing no greenhouse gases. Through more than a thousand successful test flights over the course of several years, it has demonstrated its speed, dependability, and efficiency. Segment overview of the eVTOL Aircraft Market

The e-VTOL market forecast shows that the market functions under various segments, globally. These atre based on different types namely - type, lift technology, type of MTOW, propulsion, lift technology, range and mode of operations, applications and regions. Type: The different modes of air travel like delivery drones, and air taxis fall under this category. There are many key players that opt for extending theit services through such segment inclusions.  Battery type: Being the electronic aircrafts, it is quite sure that these aircrafts are battery operated. Different batteries like hydrogen fuel cells, lithium-ion, and solid-state batteries are used.  Lift technology: The lift technology segment is further segregated into sub-segments like lift plus crise, multirotors,and vectored thrusts.  Regional analysis The e-VTOL aircraft market ccmes inclusive of geographical locations like Europe, the Asian-Pacific nations, Nortn America, Latina America, Afira, and Middle East. Nortn America dominated the market share in the previous forecast year of 1028, and the same is expected by the end of the current forecast period of 2030. There are huge market players that successfully exhibit the technologies to be used along with innovative work solutions. There are growing investments by the US Army end tp avail the services of the aircraft market and help them reach the expected market valuation by the end of the 2030 decade.  Europe enjoyed the second largest market share by the end of the forecast year of 2018. This was a result of the availability of infrastructure, development of adaptable designs, as well as, the vertiport stations. The Canadian military is also opting for investments with the motive to fuel the developnents related to the military eVTOL services. The air taxi segment is expected to have the highest market valuation by the end of the forecast period of 2019-2030. 29.98% is the expected CAGR growth for the air bus segment by the end of the forecast period of 2030. These make less noise in comparison to a conventional airplane. The airline Saudia and the electric air taxi firm Lilium have agreed to work together to establish a system of eVTOL (electric vertical take-off and landing) operations throughout the Kingdom of Saudi Arabia. In accordance with the MoU, Saudia will purchase 100 eVTOL aircraft. According to the news released this week, if the agreement is finalized, Saudia would become the first airline in the Middle East and North Africa region to purchase eVTOLs from Lilium. After purchasing 100 eVTOL aircraft from Lilium, Saudia intends to create and operate a network of eVTOL aircraft. The airline plans to offer "new electric point-to-point connections" and "seamless feeder links to Saudia's hubs for business class guests" as part of its service offerings. This cooperation may help Lilium get the eVTOL certified by Saudi Arabian regulators. Competitive landscape The competitive landscape of the market includes the following established players:

  • EHANG (China)

  • Volocopter GmbH (Germany)

  • Uber Technologies Inc. (US)

  • Aurora Flight Sciences (US)

  • A³ by Airbus (US)

  • Bell Textron Inc. (US)

  • Workhorse (US)

  • Lilium GmbH (Germany)


  • OXIS Energy Ltd (UK)

  • Karem Aircraft, Inc. (US)

  • MGM COMPRO (Czech Republic).

  • Kitty Hawk (US)

  • EmbraerX (Brazil)

  • LIFT Aircraft Inc. (US)

  • Opener (Canada) 

The companies belonging to China and Singapore, are expected to grow with a great record by the end of 2030, and have a stipulated growth record by the future year of 2035. The companies belonging to the Asian-Pacific regions are pushing the already increasing trends related to globaliozation, as well as, automation. These agencies are setting the flight-testing stages with commercialization. This will enable these companies to generate a huge quantum of the taxi services, contracts, and partnerships, beginning from the forthcoming period of 2025.  Recent developments of the eVTOL Aircraft Market In the month of February 2018, A3 that is a brainchild of Airbus began with and completed the first testing flight of ita aircraft. It has been launched with the name of Vahana. In October 2019, EHANG and Azerbaijan Airlines came together and signed an agreement. It was relating to the development of a command-cum-control center to conduct the management of the UAV’s at the Baku airport in Azerbaijan.  During the same time, EHANG also came into a collaboration with vodafone for the development of an ecosystem for air mobility in Germany. Vodafone would be responsible for the availability of connectivity to the different e-VTOl aircrafts belonging to EHANG, operational in Europe. These collaborations and system launches will be enabling EHANG to take steps and stregthen its position as an e-VTol aircraft service provider in the global market.  Report overviewThe eVTOL aircraft Embraer market research is a depiction, and detailed perspective of the aircraft applications that make the best use of technology, the value, estimation, and much more. The aircrafts are searching for market inputs in terms of investment in the research, and development sector that will help to increase the market dynamics related to growth, and technological developments. The gunding scenario from the government, and the military of the countries is mentioned, and how are they impacting the forecasted growth. The report includes the market restrictions, along with the regional analysis, and prominent companies on a global level. The aircraft market is broken down on the basis of different segments, and the recent developments are used to draw an expected graph to depict the future growth and market valuation, by the end of the forecast period of 2019-2030.

Report Scope:

Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   30.30% (2020-2030)
  Base Year   2019
  Forecast Period   2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type, Battery Type, Mode of Operation
  Geographies Covered    North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   EHANG (China), Volocopter GmbH (Germany), Uber Technologies Inc. (US),Aurora Flight Sciences (US), A³ by Airbus (US), Bell Textron Inc. (US), Workhorse (US), Lilium GmbH (Germany) TERRAFUGIA (US), OXIS Energy Ltd (UK), Karem Aircraft, Inc. (US), MGM COMPRO (Czech Republic)., Kitty Hawk (US), EmbraerX (Brazil) LIFT Aircraft Inc. (US), Opener (Canada)
  Key Market Opportunities   New product launches and R&D Amongst major key Players
  Key Market Drivers   Increasing Levels of Traffic in the Urban Localities

Speak to Analyst Ask for Customization

Frequently Asked Questions (FAQ) :

The expected CAGR growth is 30.30% and the expected market valuation is USD 4,063.3 MILLION.

● Reduction in traffic congestion ● Technologicaal advancements ● Low cost of maintenance

The factor of rising traffic congestion, rapid technological advancements, and low maintenance costs is influencing the market growth during the forecast period.

The segments mentioned in the Global eVTOL Aircraft Market study are type battery type, lift technology, propulsion, range, mode of operation, and application.

Air taxi segment. Many famous companies like Rolls-Royce, and Uber Technologies Inc. are conducting successful air taxi trails, along with the growing quantum of investments.