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Electric VTOL (eVTOL) Aircraft Market Trends and Forecast
 
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.
Electric VTOL (eVTOL) Aircraft Market by Lift Technology, Propulsion Type, Mode of Operation, and Application
A more than 150-page report is developed to help in your business decisions.  Sample figures with some insights are shown below. To learn the scope, benefits, companies researched and other details of the global electric VTOL (eVTOL) aircraft market report, please download the report brochure.
Electric VTOL (eVTOL) Aircraft Market by Segments
Electric VTOL (eVTOL) Aircraft Market by Segment
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 ($B) Shipment Analysis from 2017 to 2028]:
  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World
List of Electric VTOL (eVTOL) Aircraft Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric VTOL (eVTOL) aircraft companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the soft magnetic composite’s companies profiled in this report include. 
  • EHANG
  • Volocopter
  • Uber Technologies
  • Aurora Flight Sciences
  • Bell Textron
  • Workhorse
  • Lilium
  • Terrafugia
  • OXIS Energy
  • Karem Aircraft
Electric VTOL (eVTOL) Aircraft Market Insights
  • Lucintel forecasts that multirotor will remain the largest segment over the forecast period because it is increasingly used in various applications from transporting passengers and emergency services to recreational activities like aerial photography.
  • Within this market, hydrogen-electric is expected to remain the fastest growing segment because hydrogen fuels are considered as an alternative power source for electric and it ensures better and more storage facilities.
  • North America will remain the largest region due to the growing demand for advanced optronics devices and increasing investment in R&D activities by market players in eVTOL aircraft are promoting regional growth.
Features of the Electric VTOL (eVTOL) Aircraft Market
  • Market Size Estimates: Electric VTOL (eVTOL) aircraft market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Electric VTOL (eVTOL) aircraft market size by various segments, such as lift technology, propulsion type, mode of operation, application, and region.
  • Regional Analysis: Electric VTOL (eVTOL) aircraft market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different by lift technology, propulsion type, mode of operation, application, and regions for the electric VTOL (eVTOL) aircraft market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the electric VTOL (eVTOL) aircraft market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the electric VTOL (eVTOL) aircraft market size?
Answer: The global electric VTOL (eVTOL) aircraft market is expected to reach an estimated $xx billion by 2028.
Q2. What is the growth forecast for electric VTOL (eVTOL) aircraft market?
Answer: The global electric VTOL (eVTOL) aircraft market is expected to grow with a CAGR of 15% to 17% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the electric VTOL (eVTOL) aircraft market?
Answer: 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.
Q4. What are the major segments for electric VTOL (eVTOL) aircraft market?
Answer: The future of the electric VTOL (eVTOL) aircraft market looks promising with opportunities in the fully electric, hybrid electric, and hydrogen-electric market.
Q5. Who is the key electric VTOL (eVTOL) aircraft companies?
Answer: Some of the key Electric VTOL (eVTOL) Aircraft companies are as follows:
  • EHANG
  • Volocopter
  • Uber Technologies
  • Aurora Flight Sciences
  • Bell Textron
  • Workhorse
  • Lilium
  • Terrafugia
  • OXIS Energy
  • Karem Aircraft
Q6. Which electric VTOL (eVTOL) aircraft segment will be the largest in future?
Answer: 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.
Q7. In electric VTOL (eVTOL) aircraft market, which region is expected to be the largest in next 5 years?
Answer: 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.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
 
This report answers 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?
 
For any questions related to electric VTOL market or related electric VTOL companies, electric VTOL market size, electric VTOL market share, electric VTOL analysis, write Lucintel analyst at email: helpdesk@lucintel.com  we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global Electric VTOL (eVTOL) Aircraft Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Electric VTOL (eVTOL) Aircraft Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Electric VTOL (eVTOL) Aircraft Market by Lift Technology 
3.3.1: Vectored Thrust 
3.3.2: Multirotor
3.3.3: Lift Plus Cruise 
3.4: Global Electric VTOL (eVTOL) Aircraft Market by Propulsion Type  
3.4.1: Fully Electric
3.4.2: Hybrid Electric
3.4.3: Hydrogen-Electric
3.5: Global Electric VTOL (eVTOL) Aircraft Market by Mode of Operation 
3.5.1: Autonomous 
3.5.2: Piloted 
3.6: Global Electric VTOL (eVTOL) Aircraft Market by Application
3.6.1: Air taxis
3.6.2: air shuttles & air metro
3.6.3: private transport 
3.6.4: cargo transport
3.6.5: air ambulance & medical emergency
3.6.6: last-mile delivery
3.6.7: inspection & monitoring
3.6.8: surveying &, mapping
3.6.9: surveillance
3.6.10: special mission
3.6.11: others 
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028 
4.1: Global Electric VTOL (eVTOL) Aircraft Market by Region
4.2: North American Electric VTOL (eVTOL) Aircraft Market
4.2.1: North American Electric VTOL (eVTOL) Aircraft Market by Lift Technology: Vectored Thrust, Multirotor, and Lift Plus Cruise 
4.2.2: North American Electric VTOL (eVTOL) Aircraft Market by Propulsion Type: Fully Electric, Hybrid Electric, and Hydrogen-Electric
4.3: European Electric VTOL (eVTOL) Aircraft Market
4.3.1: European Electric VTOL (eVTOL) Aircraft Market by Lift Technology: Vectored Thrust, Multirotor, and Lift Plus Cruise 
4.3.2: European Electric VTOL (eVTOL) Aircraft Market by Propulsion Type: Fully Electric, Hybrid Electric, and Hydrogen-Electric 
4.4: APAC Electric VTOL (eVTOL) Aircraft Market 
4.4.1: APAC Electric VTOL (eVTOL) Aircraft Market by Lift Technology: Vectored Thrust, Multirotor, and Lift Plus Cruise 
4.4.2: APAC Electric VTOL (eVTOL) Aircraft Market by Propulsion Type: Fully Electric, Hybrid Electric, and Hydrogen-Electric 
4.5: ROW Electric VTOL (eVTOL) Aircraft Market 
4.5.1: ROW Electric VTOL (eVTOL) Aircraft Market by Lift Technology: Vectored Thrust, Multirotor, and Lift Plus Cruise 
4.5.2: ROW Electric VTOL (eVTOL) Aircraft Market by Propulsion Type: Fully Electric, Hybrid Electric, and Hydrogen-Electric 
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Electric VTOL (eVTOL) Aircraft Market by Lift Technology 
6.1.2: Growth Opportunities for the Global Electric VTOL (eVTOL) Aircraft Market by Propulsion Type 
6.1.3: Growth Opportunities for the Global Electric VTOL (eVTOL) Aircraft Market by Mode of Operation 
6.1.4: Growth Opportunities for the Global Electric VTOL (eVTOL) Aircraft Market by Application 
6.1.5: Growth Opportunities for the Global Electric VTOL (eVTOL) Aircraft Market by Region
6.2: Emerging Trends in the Global Electric VTOL (eVTOL) Aircraft Market 
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Cryogen Expansion of the Global Electric VTOL (eVTOL) Aircraft Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Electric VTOL (eVTOL) Aircraft Market 
 
7. Company Profiles of Leading Players
7.1: EHANG
7.2: Volocopter 
7.3: Uber Technologies 
7.4: Aurora Flight Sciences
7.5: Bell Textron 
7.6: Workhorse
7.7: Lilium
7.8: Terrafugia
7.9: OXIS Energy 
7.10: Karem Aircraft
 
.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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