Global eVTOL Aircraft Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

“Global eVTOL Aircraft Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz. The global artificial intelligence chip market report has been segmented on the basis of lift technology, type of propulsion, type of propulsion, application, and region.

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Global eVTOL Aircraft Market: Overview

eVTOL aircraft is an acronym of electric vertical takeoff and landing aircraft also known as an air taxi. It is a type of aircraft designed to be fully autonomous at the time of landing and take-off. eVTOL aircraft offers a safe, clean, and noiseless solution to road traffic. It is available in fully electric, hybrid, and electric hydrogen propulsion systems.

Global eVTOL Aircraft Market: Dynamics

Increasing road traffic and rising demand for an alternative way of traveling are a major factor driving growth of the global eVTOL aircraft market. In addition, quick transportation provided by eVTOL without the worry of traffic congestions is another factor fueling growth of the global market. Furthermore, increasing adoption of unmanned aerial vehicles, coupled with installations of charging points in vertiports are factors anticipated to support growth of the global eVTOL aircraft market in the near future.

However, design complexities in eVTOL aircraft is a factor that may hamper growth of the global eVTOL aircraft market. Nevertheless, growing adoption of electric aircrafts, owing to increasing awareness regarding carbon emissions among end users can create high revenue opportunities for players in the target market.

Global eVTOL Aircraft Market: Segment Analysis

Among the lift technology segments, the vectored thrust segment is expected to register high growth in terms of revenue in the near future. Vectored thrust controls angular velocity and altitude of the vehicle by manipulating the direction of the thrust coming from the engine. It is used in rockets, aircraft, and other types of vehicles. Use of vectored thrust for supporting operations of the eVTOL is a factor driving growth of this segment in the global market.

Among the mode of operation segments, the optionally piloted segment is expected to register lucrative growth in terms of revenue over the forecast period. Piloted aircraft is a combination of two types of aircrafts namely unmanned aerial vehicle and conventional piloted aircraft. It is low cost and risk alternative to unmanned aerial vehicle. These are some of the factors fueling growth of this segment in the target market.

Global eVTOL Aircraft Market: Regional Analysis

The market in Asia Pacific is expected to accounts for a major share in terms of revenue over the forecast period. Increasing investment in drones and eVTOL technologies, and development of eVTOL aircrafts for commercial applications are factors driving growth of the target market in this region. Asia Pacific market is also anticipated to register high growth rate in terms of revenue in the near future. The market in Europe is expected to register lucrative growth in terms of revenue in the near future. Increasing number of eVTOL facilities, coupled with a focus on the development of cost-effective air transportation systems are factors supporting growth of the target market in countries in this region.

Global eVTOL Aircraft Market Segmentation:

Segmentation by Lift Technology:

• Lift Plus Cruise
• Vectored Thrust
• Multirotor
• Others (Hoverbikes and Electric Rotorcraft)

Segmentation by Mode of Operation:

• Piloted
• Optionally Piloted

Segmentation by Type of Propulsion:

• Electric Hydrogen
• Hybrid
• Fully Electric

Segmentation by Application:

• Military
• Cargo
• Commercial

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa