eVTOL Aircraft Market Report: To Cross USD 69.7 BN by 2032

As per the report by Value Market Research, it is anticipated that the global eVTOL Aircraft market will witness a value growth to USD 69.7 BN by the year 2032, registering a Compound Annual Growth Rate (CAGR) of 53% over the period spanning from 2024 to 2032.      

The Global Electric Vertical Takeoff and Landing (eVTOL) Aircraft Market is poised for substantial growth as the aviation industry embraces the revolutionary concept of electric vertical mobility. The demand for eVTOL aircraft is driven by the need for urban air mobility solutions, reducing traffic congestion, and achieving sustainable transportation. These aircraft, with their vertical takeoff and landing capabilities, have the potential to transform short-distance urban travel, offering faster and more efficient transportation options. Key growth factors include advancements in electric propulsion technology, increased investments in eVTOL development by aerospace companies and startups, and a growing emphasis on environmental sustainability in aviation. The push for electric and hybrid-electric propulsion systems aligns with global efforts to scale down the carbon emissions and create more environmentally friendly transportation solutions. Collaborations between aerospace companies, technology firms, and regulatory bodies are also critical in shaping the eVTOL market. As regulatory frameworks evolve and safety standards are established, the commercial viability of eVTOL aircraft is expected to increase, fostering further market expansion. With the potential to transform urban transportation, the eVTOL aircraft market represents a significant frontier in the future of aviation.

The report titled "Global eVTOL Aircraft Market Report By Lift Technology (Vectored Thrust, Multirotor, Lift plus Cruise) By Propulsion Type (Fully Electric, Hybrid, Electric hydrogen) By System (Batteries & Cells, Electric motors/Engines, Aerostructures, Avionics, Software, Others) By Mode Of Operation (Autonomous, Piloted) By 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, Others) By Mtow (<100 kg, 100-1,000 ka, 1,000-2,000 kg, >2,000 kg) By Range (<=200 km, >200 km) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast) 2023-2032" constitutes a comprehensive compilation of data, encompassing a market overview, executive summary, and detailed revenue analysis categorized by segments and regions. The study provides an insightful exploration of historical trends, coupled with an examination of the geo-economic conditions impacting the eVTOL Aircraft market. This meticulous approach contributes to the creation of a robust and reliable report, offering valuable insights into the industry.     

The following segments in the market are covered in the report:

Lift Technology

• Vectored Thrust
• Multirotor
• Lift Plus Cruise   .

Propulsion Type

• Fully Electric
• Hybrid
• Electric hydrogen

System

• Batteries & Cells
• Electric motors/Engines
• Aerostructures
• Avionics
• Software
• Others

Mode Of Operation

• Autonomous
• 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
• Others

Mtow

• <100 kg
• 100-1,000 kg
• 1,000-2,000 kg
• >2,000 kg

Range

• <=200 km
• >200 km

The report is structured into five distinct regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. This segmentation allows for a comprehensive analysis of the market dynamics and trends within each specific

Players Profiled In the Report:

Jaunt Air Mobility (US), Lilium (Germany), Volocopter (Germany), and EHang (China), among others.