According to a market report by Lucintel, the future of the electric VTOL (eVTOL) aircraft market looks promising with opportunities in the fully electric, hybrid electric, and hydrogen-electric market. The global electric VTOL (eVTOL) aircraft market is expected to grow with a CAGR of 15% to 17% from 2023 to 2028. The major drivers for this market are rise in demand for green energy and noise-free aircraft and increasing penetration of eVTOL aircraft for cargo applications.
Vectored thrust, multirotor, and lift plus cruise are the major segments of electric VTOL (eVTOL) aircraft market by lift technology. Lucintel forecasts that multirotor will remain the largest segment over the forecast period because it is increasingly used in various applications from transporting passengers and emergency services to recreational activities like aerial photography.
Within this market, hydrogen-electric is expected to remain the fastest growing segment because hydrogen fuels are considered as an alternative power source for electric and it ensures better and more storage facilities.
North America will remain the largest region due to the growing demand for advanced optronics devices and increasing investment in R&D activities by market players in eVTOL aircraft are promoting regional growth.
EHANG, Volocopter, Uber Technologies., Aurora Flight Sciences, Bell Textron, Workhorse, Lilium GmbH, Terrafugia, OXIS Energy, and Karem Aircraft, are the major suppliers in the global electric VTOL (eVTOL) aircraft market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global electric VTOL (eVTOL) aircraft market by lift technology, propulsion type, mode of operation, application, and region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Electric VTOL (eVTOL) Aircraft Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global electric VTOL (eVTOL) aircraft market by lift technology, propulsion type, mode of operation, application, and region, as follows:
Electric VTOL (eVTOL) Aircraft Market by Lift Technology [Value ($B) Shipment Analysis from 2017 to 2028]:
· Vectored Thrust
· Multirotor
· Lift Plus Cruise
Electric VTOL (eVTOL) Aircraft Market by Propulsion Type [Value ($B) Shipment Analysis from 2017 to 2028]:
· Fully Electric
· Hybrid Electric
· Hydrogen Electric
Electric VTOL (eVTOL) Aircraft Market by Mode of Operation [Value ($B) Shipment Analysis from 2017 to 2028]:
· Autonomous
· Piloted
Electric VTOL (eVTOL) Aircraft Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Air Taxis
· Air Shuttles & Air Metro
· Private Transport
· Cargo Transport
· Air Ambulance & Medical Emergency
· Last-Mile Delivery
· Inspection & Monitoring
· Surveying &, Mapping
· Surveillance
· Special Mission
· Others
Electric VTOL (eVTOL) Aircraft Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Electric VTOL (eVTOL) Aircraft Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the electric VTOL (eVTOL) aircraft market by lift technology (vectored thrust, multirotor, and lift plus cruise), propulsion type (fully electric, hybrid electric, and hydrogen-electric), mode of operation (autonomous and piloted), application (air taxis, air shuttles & air metro, private transport, cargo transport, air ambulance & medical emergency, last-mile delivery, inspection & monitoring, surveying & mapping, surveillance, special mission, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?