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Global eVTOL Aircraft Market to reach USD 19.97 billion by 2027.

Global EVTOL Aircraft Market Size study, by Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise), by Propulsion (Fully Electric, Hybrid Electric, Hydrogen Electric), by System (Batteries & Cells, Electric Motor/Engine, Aerostructures, Avionics, Software, Others), 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 Mode of Operation (Autonomous, Piloted), by MTOW (2,000 kg), by range ( 200 km)and Regional Forecasts 2021-2027

Product Code: ALTAWT-52784837
Publish Date: 30-11-2021
Page: 200

Global eVTOL Aircraft Market is valued approximately USD 7.37 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 15.3 % over the forecast period 2021-2027. eVTOL aircraft is referred to as an electrical vertical takeoff and landing aircraft. This system deals with self-driving electric aircraft, which aids in providing more safety, and less noise pollution. The technological advancements in the eVTOL industry will be a driving factor for market growth. For instance, Pipistrel’s new aircrafts started using Honeywell’s compact satellite technology, from August 2021. Honeywell’s UAV SATCOM system is 90% lighter than company’s smallest communication system, yet it will provide Nuuva V300, V20, and Surveyor same capabilities as big aircrafts. Rising adoption of eVTOL aircrafts in private aviation industry will also boost the market growth. In July 2021, CAE and Volocopter entered into a partnership to design, certify, and implement pilot training program for eVTOL operations. This will help in creating eVTOL pilot workforce for future. In addition, need for reducing noise pollution and need for green energy will also drive the market for eVTOL aircrafts. However, safety issues associated with eVTOl aircrafts can impede the growth of the market over the forecast period of 2021-2027. Also, with the strategic developments in eVTOL aircrafts, the adoption & demand for EVTOL Aircraft Market is likely to increase the market growth during the forecast period.

The regional analysis of global EVTOL Aircraft Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world in terms of market share owing to the biggest UAV fleet utilized in Military and Civil applications. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate over the forecast period 2021-2027, due to congestion in air traffic in regions like India, China and Japan.

Major market player included in this report are:
Airbus SE
Elbit Systems Ltd.
Bell Textron Inc.
Ehang Holdings Ltd.
Embraer SA
Israel Aerospace Industries
Elroy Air
Lilium GMBH
Joby Aviation, Inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Lift Technology:
Vectored Thrust
Lift Plus Cruise
By Propulsion Type:
Fully Electric
Hybrid Electric
Hydrogen Electric
By System:
Batteries & Cells
Electric Motor/Engine
By Application:
Air Taxis
Air Shuttles & Air Metro
Private Transport
Cargo Transport
Air Ambulance & Medical Emergency
Last Mile Delivery
Inspection & Monitoring
Surveying & Mapping
Special Mission
By mode of Operation:
2,000 kg
By Range:
200 km
By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global EVTOL Aircraft Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. EVTOL Aircraft Market, by Region, 2019-2027 (USD Billion)
1.2.2. EVTOL Aircraft Market, by Lift Technology, 2019-2027 (USD Billion)
1.2.3. EVTOL Aircraft Market, by Propulsion Type, 2019-2027 (USD Billion)
1.2.4. EVTOL Aircraft Market, by System, 2019-2027 (USD Billion)
1.2.5. EVTOL Aircraft Market, by Application, 2019-2027 (USD Billion)
1.2.6. EVTOL Aircraft Market, by Mode of Operation, 2019-2027 (USD Billion)
1.2.7. EVTOL Aircraft Market, by MTOW, 2019-2027 (USD Billion)
1.2.8. EVTOL Aircraft Market, by Range, 2019-2027 (USD Billion)

1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global EVTOL Aircraft Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global EVTOL Aircraft Market Dynamics
3.1. EVTOL Aircraft Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increasing technological advancements Rising adoption of eVTOL aircrafts Increasing noise pollution
3.1.2. Market Challenges Safety issues associated with eVTOL aircrafts
3.1.3. Market Opportunities Strategic developments in eVTOL aircrafts
Chapter 4. Global EVTOL Aircraft Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global EVTOL Aircraft Market, by Lift Technology
5.1. Market Snapshot
5.2. Global EVTOL Aircraft Market by Lift Technology, Performance – Potential Analysis
5.3. Global EVTOL Aircraft Market Estimates & Forecasts by Lift Technology 2018-2027 (USD Billion)
5.4. EVTOL Aircraft Market, Sub Segment Analysis
5.4.1. Vectored Thrust
5.4.2. Multirotor
5.4.3. Lift Plus Cruise

Chapter 6. Global EVTOL Aircraft Market, by Propulsion Type
6.1. Market Snapshot
6.2. Global EVTOL Aircraft Market by Propulsion Type, Performance – Potential Analysis
6.3. Global EVTOL Aircraft Market Estimates & Forecasts by Propulsion Type 2018-2027 (USD Billion)
6.4. EVTOL Aircraft Market, Sub Segment Analysis
6.4.1. Fully Electric
6.4.2. Hybrid Electric
6.4.3. Hydrogen Electric
Chapter 7. Global EVTOL Aircraft Market, by System
7.1. Market Snapshot
7.2. Global EVTOL Aircraft Market by System, Performance – Potential Analysis
7.3. Global EVTOL Aircraft Market Estimates & Forecasts by System 2018-2027 (USD Billion)
7.4. EVTOL Aircraft Market, Sub Segment Analysis
7.4.1. Batteries & Cells
7.4.2. Electric Motor/Engine
7.4.3. Aerostructures
7.4.4. Avionics
7.4.5. Software
7.4.6. Others
Chapter 8. Global EVTOL Aircraft Market, by Application
8.1. Market Snapshot
8.2. Global EVTOL Aircraft Market by Application, Performance – Potential Analysis
8.3. Global EVTOL Aircraft Market Estimates & Forecasts by Application 2018-2027 (USD Billion)
8.4. EVTOL Aircraft Market, Sub Segment Analysis
8.4.1. Air Taxis
8.4.2. Air Shuttles & Air Metro
8.4.3. Private Transport
8.4.4. Cargo Transport
8.4.5. Air Ambulance & Medical Emergency
8.4.6. Last Mile Delivery
8.4.7. Inspection & Monitoring
8.4.8. Surveying & Mapping
8.4.9. Surveillance
8.4.10. Special Mission
8.4.11. Others
Chapter 9. Global EVTOL Aircraft Market, by Mode of Operation
9.1. Market Snapshot
9.2. Global EVTOL Aircraft Market by Mode of Operation, Performance – Potential Analysis
9.3. Global EVTOL Aircraft Market Estimates & Forecasts by Mode of Operation 2018-2027 (USD Billion)
9.4. EVTOL Aircraft Market, Sub Segment Analysis
9.4.1. Autonomous
9.4.2. Piloted
Chapter 10. Global EVTOL Aircraft Market, by MTOW
10.1. Market Snapshot
10.2. Global EVTOL Aircraft Market by MTOW, Performance – Potential Analysis
10.3. Global EVTOL Aircraft Market Estimates & Forecasts by MTOW 2018-2027 (USD Billion)
10.4. EVTOL Aircraft Market, Sub Segment Analysis
10.4.1. 2,000 kg
Chapter 11. Global EVTOL Aircraft Market, by Range
11.1. Market Snapshot
11.2. Global EVTOL Aircraft Market by Range, Performance – Potential Analysis
11.3. Global EVTOL Aircraft Market Estimates & Forecasts by Range 2018-2027 (USD Billion)
11.4. EVTOL Aircraft Market, Sub Segment Analysis
11.4.1. 200 km
Chapter 12. Global EVTOL Aircraft Market, Regional Analysis
12.1. EVTOL Aircraft Market, Regional Market Snapshot
12.2. North America EVTOL Aircraft Market
12.2.1. U.S. EVTOL Aircraft Market Lift Technology breakdown estimates & forecasts, 2018-2027 Propulsion Type breakdown estimates & forecasts, 2018-2027 System breakdown estimates & forecasts, 2018-2027 Application breakdown estimates & forecasts, 2018-2027 Mode of Operation breakdown estimates & forecasts, 2018-2027 MTOW breakdown estimates & forecasts, 2018-2027 Range breakdown estimates & forecasts, 2018-2027
12.2.2. Canada EVTOL Aircraft Market
12.3. Europe EVTOL Aircraft Market Snapshot
12.3.1. U.K. EVTOL Aircraft Market
12.3.2. Germany EVTOL Aircraft Market
12.3.3. France EVTOL Aircraft Market
12.3.4. Spain EVTOL Aircraft Market
12.3.5. Italy EVTOL Aircraft Market
12.3.6. Rest of Europe EVTOL Aircraft Market
12.4. Asia-Pacific EVTOL Aircraft Market Snapshot
12.4.1. China EVTOL Aircraft Market
12.4.2. India EVTOL Aircraft Market
12.4.3. Japan EVTOL Aircraft Market
12.4.4. Australia EVTOL Aircraft Market
12.4.5. South Korea EVTOL Aircraft Market
12.4.6. Rest of Asia Pacific EVTOL Aircraft Market
12.5. Latin America EVTOL Aircraft Market Snapshot
12.5.1. Brazil EVTOL Aircraft Market
12.5.2. Mexico EVTOL Aircraft Market
12.6. Rest of The World EVTOL Aircraft Market

Chapter 13. Competitive Intelligence
13.1. Top Market Strategies
13.2. Company Profiles
13.2.1. Airbus SE Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
13.2.2. Elbit Systems Ltd.
13.2.3. Bell Textron Inc.
13.2.4. Ehang Holdings Ltd.
13.2.5. Embraer SA
13.2.6. Israel Aerospace Industries
13.2.7. Pipistrel
13.2.8. Elroy Air
13.2.9. Lilium GMBH
13.2.10. Joby Aviation, Inc.
Chapter 14. Research Process
14.1. Research Process
14.1.1. Data Mining
14.1.2. Analysis
14.1.3. Market Estimation
14.1.4. Validation
14.1.5. Publishing
14.2. Research Attributes
14.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Data Collection:
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In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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