Urban Air Mobility Unleashed: Navigating the Competitive Landscape of eVTOL Aircraft
eVTOL Aircraft Market by Lift Technology, Propulsion Type, System (Batteries & Cells, Electric Motors/Engine, Aerostructures, Avionics, Software), Mode of Operation, Application, Mtow, Range and Region - Global Forecast to 2030
(EMAILWIRE.COM, February 13, 2024 ) The Global eVTOL Aircraft Market is poised for unprecedented growth, with a projected worth of $23.4 billion by 2030, according to a comprehensive report titled "eVTOL Aircraft Market by Lift Technology, Propulsion Type, System, Mode of Operation, Application, Mtow, Range, and Region." The market is anticipated to experience a remarkable Compound Annual Growth Rate (CAGR) of 52.0% from an estimated $1.2 billion in 2023.
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Key Findings and Growth Drivers:
The report identifies several key factors contributing to this exponential growth, including the increasing demand for aircraft and advancements in traditional aviation. The lift plus cruise technology segment is projected to lead the market, driven by its ability to seamlessly transition between vertical and horizontal flight, execute hovering maneuvers, and perform agile maneuvers.
Furthermore, the fully electric eVTOL aircraft, classified by propulsion, is expected to dominate the market during the forecast period. This segment's prominence is attributed to the growing demand for fully electric propulsion systems, marking a significant shift in the industry's propulsion landscape.
Autonomous eVTOLs are anticipated to dominate the mode of operation segment, surpassing piloted counterparts. The autonomous segment's growth is propelled by the development of advanced technologies such as detect and avoid and GPS-denied technology, promising higher payload capacity and increased safety.
Regional Growth Outlook:
Europe is positioned to be the fastest-growing region in the eVTOL aircraft market, driven by rising disposable incomes and a burgeoning middle class. The region's increasing number of commercial aircraft, coupled with military upgrades and innovative technologies like hybrid aircraft, is creating a robust demand for eVTOLs.
Key Market Players and Market Landscape:
Prominent players in the eVTOL aircraft market include Airbus SE, Elbit Systems Ltd., Bell Textron, Ehang Holdings Ltd., Embraer SA, Israel Aerospace Industries, Pipistrel, Elroy Air, Lilium GmbH, Joby Aviation, Archer Aviation Inc., Volocopter GmbH, SZ DJI Technology Co., Aurora Flight Sciences, and Urban Aeronautics Ltd. These key players operate globally, offering a range of ultralight and light aircraft and maintaining strong distribution networks across various regions.
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About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=28054110
Key Findings and Growth Drivers:
The report identifies several key factors contributing to this exponential growth, including the increasing demand for aircraft and advancements in traditional aviation. The lift plus cruise technology segment is projected to lead the market, driven by its ability to seamlessly transition between vertical and horizontal flight, execute hovering maneuvers, and perform agile maneuvers.
Furthermore, the fully electric eVTOL aircraft, classified by propulsion, is expected to dominate the market during the forecast period. This segment's prominence is attributed to the growing demand for fully electric propulsion systems, marking a significant shift in the industry's propulsion landscape.
Autonomous eVTOLs are anticipated to dominate the mode of operation segment, surpassing piloted counterparts. The autonomous segment's growth is propelled by the development of advanced technologies such as detect and avoid and GPS-denied technology, promising higher payload capacity and increased safety.
Regional Growth Outlook:
Europe is positioned to be the fastest-growing region in the eVTOL aircraft market, driven by rising disposable incomes and a burgeoning middle class. The region's increasing number of commercial aircraft, coupled with military upgrades and innovative technologies like hybrid aircraft, is creating a robust demand for eVTOLs.
Key Market Players and Market Landscape:
Prominent players in the eVTOL aircraft market include Airbus SE, Elbit Systems Ltd., Bell Textron, Ehang Holdings Ltd., Embraer SA, Israel Aerospace Industries, Pipistrel, Elroy Air, Lilium GmbH, Joby Aviation, Archer Aviation Inc., Volocopter GmbH, SZ DJI Technology Co., Aurora Flight Sciences, and Urban Aeronautics Ltd. These key players operate globally, offering a range of ultralight and light aircraft and maintaining strong distribution networks across various regions.
Ask for Sample Report @
https://www.marketsandmarkets.com/requestsampleNew.asp?id=28054110
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Contact Information:
MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
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MarketsandMarkets™
Mr. Aashish Mehra
Tel: 1-888-600-6441
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results