Global eVTOL Aircraft Market (2020-2026) | COVID-19 IMPACT, Size, Companies, Value, Outlook, Analysis, Trends, Growth, Industry, Share, Revenue & Forecast

The rise in demand for an alternative way of traveling due to enhancing road traffic is one of the key factors driving the growth of the global eVTOL (electric vertical take-off and landing) aircraft market. The global eVTOL aircraft market is gaining pace in the aerospace and defense industry owing to the flourishing level of future demand for automation and globalization. The necessity for speedy transportation and increasing road traffic in urban areas are also some of the major aspects enhancing market growth.

According to 6Wresearch, Global eVTOL Aircraft Market is projected to grow at a significant rate during 2020-2026. North America is the leading revenue-generating region in the global eVTOL aircraft market owing to the growing investment in the eVTOL technology in the country. However, over the forecast period, Asia pacific eVTOL aircraft market is anticipated to register high growth on the back of growing government investment in the drone industry coupled with a surge in demand for eVTOL aircraft in the commercial sector. Moreover, the European region is expected to register high growth over the next six years owing to the growing acceptance of eVTOL aircraft market to reduce road traffic and to provide a cost-efficient mode of transportation.

Based on types of propulsion, the fully electric segment accounted for a leading share of the market revenue pie owing to the growing development of electric-based eVTOL aircraft by the manufacturers. Based on applications military application is expected to contribute a major share of market demand over the forthcoming years.

The Global eVTOL Aircraft Market report thoroughly covers the market by types of propulsion, range, applications, regions including Europe, North America, Asia Pacific, Middle East & Africa, and Latin America and key countries. The Global eVTOL Aircraft market outlook provides an unbiased and detailed analysis of the on-going Global eVTOL Aircraft market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

The global eVTOL aircraft market is anticipated to witness significant growth potential in the coming years in the foreseeable future as a result of rapid urbanization along with an increase in the technical advancements in the automotive industry which is leading to an increase in the development of such aircraft. The rising use of the aircraft as a taxi service, response towards air contingencies while fleet, and the operation of the aircraft with an embedded vertiport system which tends to quickly board and exit passengers safely are making it an ideal technically advanced industrial aircraft and is expected to witness significant demand in the coming years backed by a spur in the urbanization in the developed and developing economies across the globe which tend to demand technically advanced vehicles and would further, boost the potential growth of the Global eVTOL aircraft market in the foreseeable future. 

The global Evtol aircraft market is projected to register sound revenues in the upcoming six years on the back of rising technical up-gradation in the aerospace industry. Increased government investment towards the massive innovation in aircraft tends to serve greater flexibility by perfect take-off and landing facility. Increased use by military forces for the rescue operation as a result of strengthening evtol aircrafts market during the forecast period.

The global eVTOL aircraft market is projected to witness progressive growth in the upcoming six years on the back of the rising wide acceptance during rescue operations were hard to reach and eVTOL is ideal and this capability is expected to instigate the eVTOL aircraft deployment in the country in the forthcoming years. Moreover, North America eVTOL aircraft is expected to gain momentum in the country owing to rising manufacturing of aircraft especially in the United States which has led to increased use of the product by military forces to fight efficiently and is estimated to proliferate eVTOL aircraft adoption and pioneer growth of North America eVTOL aircraft as a result, it would benefit the eVTOL aircraft globally in the foreseeable future.

The global eVTOL aircraft market is projected to find its true potential underpinned by the rising trend of technological advancement in the aerospace industry globally. The growing traffic congestion being the top reason for the eVTOL aircraft development, which is leading to saving time and proven fast and convince reach and is estimated to bring in bountiful opportunities for the industrialists and the to-be investors.

The key players operating in the eVTOL aircraft market globally are EaglePicher technologies, Karem Aircraft. Inc., Volocopter GmbH, EHANG, Kitty hawk, Workhorse, Pipistrel Group, Vertical aerospace Ltd.

Key Highlights of the Report:

• Global eVTOL Aircraft Market Overview
• Global eVTOL Aircraft Market Outlook
• Global eVTOL Aircraft Market Forecast
• Historical Data of Global eVTOL Aircraft Market Revenues, for the Period2016-2019
• Global eVTOL Aircraft Market Size and Global eVTOL Aircraft Market Forecast of Revenues, Until 2026
• Historical Data of Global eVTOL Aircraft Market Revenues, By Applications, for the Period 2016-2019
• Market Size & Forecast of Global eVTOL Aircraft Market Revenues, By Applications, until 2026
• Historical Data of Global eVTOL Aircraft Market Revenues, By Range, for the Period 2016-2019
• Market Size & Forecast of Global eVTOL Aircraft Market Revenues, By Range, until 2026
• Historical Data of Global eVTOL Aircraft Market Revenues, By Type of Propulsion, for the Period 2016-2019
• Market Size & Forecast of Global eVTOL Aircraft Market Revenues, By Type of Propulsion, until 2026
• Historical Data of North America eVTOL Aircraft Market Revenues, for the Period 2016-2019
• Market Size & Forecast of North America eVTOL Aircraft Market Revenues, until 2026
• Historical Data of Latin America eVTOL Aircraft Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Latin America eVTOL Aircraft Market Revenues, until 2026
• Historical Data of Asia pacific eVTOL Aircraft Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Asia Pacific eVTOL Aircraft Market Revenues, until 2026
• Historical Data of Europe eVTOL Aircraft Market Revenues, for the Period 2016-2019
• Market Size & Forecast of Europe eVTOL Aircraft Market Revenues, until 2026
• Historical Data of the Middle East & Africa eVTOL Aircraft Market Revenues, for the Period 2016-2019
• Market Size & Forecast of the Middle East & Africa eVTOL Aircraft Market Revenues, until 2026
• Market Drivers and Restraints
• Global eVTOL Aircraft Market Trends and Industry Life Cycle
• Global eVTOL Aircraft Market Revenue Share, By Regions
• Global eVTOL Aircraft Market Revenue Share, By Players
• Global eVTOL Aircraft Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

 Markets Covered

The Global eVTOL Aircraft Market report provides a detailed analysis of the following market segments:

• By Types of Propulsion
  • Fully Electric
  • Hybrid
  • Electric Hydrogen
• By Range
  • 0 to 200 km
  • 200 to500 km
• By Applications
  • Military
  • Commercial
  • Cargo
• By Regions:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

 Other key Reports available

• North America eVTOL Aircraft Market Report
• Latin America eVTOL Aircraft Market Report
• Asia Pacific eVTOL Aircraft Market Report
• Europe eVTOL Aircraft Market Report
• The Middle East and Africa eVTOL Aircraft Market Report

Frequently Asked Questions About the Market Study (FAQs):