Global eVTOL Aircraft Market Report 2022: With Airbus,

Dublin, Sept. 19, 2022 (GLOBE NEWSWIRE) — The ‘eVTOL Aircraft Global Market Report 2022’ has been added to from ResearchAndMarkets.com offer.

The global eVTOL aircraft market is expected to grow from $6.73 billion in 2021 to $8.09 billion in 2022 at a compound annual growth rate (CAGR) of 20.16%. The market is expected to reach $18.92 billion in 2026 at a compound annual growth rate (CAGR) of 23.66%.

North America was the largest region in the eVTOL aircraft market in 2021. North America is expected to be the fastest growing region during the forecast period. Regions covered in the eVTOL Aircraft market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and South America. ‘Africa.

The growing need for green energy and noiseless aircraft is propelling the growth of the eVTOL aircraft market. The pursuit of greater energy efficiency and reduced noise pollution is the central need to reduce environmental impact. Power for eVTOL aircraft is generated by powered lift designs using turbofans with auxiliary/augmented lift fans.

Most electrically powered VTOL aircraft developed today will use distributed electric propulsion (DEP) as a gateway to sustainable aviation. For example, in March 2020, according to an article by Aan published by Dassault Systèmes, a Europe-based company, estimated the growing need for eVTOL aircraft where the market will grow exponentially, to around 1.3 billion passengers over 20 years, with a request for 28,000 eVTOL aircraft. Hence, the growing need for green power and noise-free aircraft will drive the growth of the eVTOL aircraft market.

Technological advancement is a key trend gaining popularity in the eVTOL aircraft market. Major companies operating in the eVTOL aircraft market are focusing on providing technologically advanced solutions to strengthen their position in the market. These companies are implementing next-generation eVTOL aircraft technologies in their services, such as IoT, hydrogen and ultra edge battery cells, on-board sensors and collision avoidance systems, AI technology, 5G communication, etc. For example, in April 2022, Hyundai, an automobile manufacturer, explored hydrogen fuel cell technology for the short take-off and landing eVTOL electric aircraft segment. The company expects the hydrogen fuel cell technology to have a long enough range for long-distance travel.

In December 2020, Joby Aviation, a US-based aerospace company developing an electric vertical take-off and landing aircraft, acquired Uber Elevate for an undisclosed amount. This acquisition of Uber elevate will create integration between ground and air travel for future customers by integrating their respective services into each other’s applications for professional aviation. Uber Elevate is an initiative by a US-based company to develop, deploy and eventually offer consumers an air taxi ride service.

Scope

Covered markets:

1) By lifting technology: vectored thrust; multirotor; Elevator Plus Cruise
2) By type of propulsion: fully electric; electric hybrid; Electric Hydrogen
3) By operating mode: stand-alone; Pilot
4) On request: air taxis; Air Shuttles and Skytrain; Private transportation; Haulage ; air ambulance and medical emergency; Last mile delivery; inspection and monitoring; Surveying and mapping; Surveillance; special mission; Others

Main topics covered:

1. Summary

2. Characteristics of the eVTOL Aircraft Market

3. eVTOL Aircraft Market Trends and Strategies

4. Impact of COVID-19 on eVTOL aircraft

5. eVTOL Aircraft Market Size and Growth

6. eVTOL Aircraft Market Segmentation

7. Regional and Country Analysis of the eVTOL Aircraft Market

8. Asia-Pacific eVTOL Aircraft Market

9. China eVTOL Aircraft Market

10. eVTOL Aircraft Market in India

11. Japan eVTOL Aircraft Market

12. Australia eVTOL Aircraft Market

13. Indonesia eVTOL Aircraft Market

14. South Korea eVTOL Aircraft Market

15. Western Europe eVTOL Aircraft Market

16. UK eVTOL Aircraft Market

17. Germany eVTOL Aircraft Market

18. eVTOL aircraft market in France

19. Eastern Europe eVTOL Aircraft Market

20. Russian eVTOL aircraft market

21. North America eVTOL Aircraft Market

22. eVTOL Aircraft Market in United States

23. South America eVTOL Aircraft Market

24. eVTOL Aircraft Market in Brazil

25. Middle East eVTOL Aircraft Market

26. Africa eVTOL Aircraft Market

27. eVTOL Aircraft Market Competitive Landscape and Company Profiles

28. Key Mergers and Acquisitions in the eVTOL Aircraft Market

29. eVTOL Aircraft Market Future Outlook and Potential Analysis

30. Annex

Companies cited

  • Airbus SE
  • Bell Textron Inc.
  • Embraer S.A.
  • EHang Holdings Ltd.
  • Elbit Systems Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/7t0tdj


        

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