The global eVTOL aircraft market size reached US$ 12.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 35.1 Billion by 2032, exhibiting a growth rate (CAGR) of 11.87% during 2024-2032.
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2. About IMARC Group
International Market Analysis Research and Consulting Group is a leading adviser on management
strategy and market research worldwide. We partner with clients in all regions and industry
verticals to identify their highest-value opportunities, address their most critical challenges, and
transform their businesses.
IMARC’s information products include major market, scientific, economic and technological
developments for business leaders in pharmaceutical, industrial, and high technology
organizations. Market forecasts and industry analysis for biotechnology, advanced materials,
chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods
are at the top of the company’s expertise.
IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and
markets with close cooperation at all levels of the client organization. This ensures that our clients
achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting
results.
3. Report Highlight
and Description
According to the latest report by IMARC Group, titled "eVTOL Aircraft Market:
Global Industry Trends, Share, Size, Growth, Opportunity and Forecast
2024-2032," the global eVTOL aircraft market size reached US$ 12.4 Billion in
2023.
An eVTOL, or electric vertical takeoff and landing aircraft, is an aircraft that
uses electric propulsion and advanced technologies to take off and land
vertically. It consists of multi-rotors, fixed-wing, and tilt-wing aircraft having
sensors, cameras, and radar. Some eVTOL aircraft are designed to be fully
autonomous, while others require a pilot.
It offers several advantages over conventional aircraft, such as reduced noise
pollution, lower emissions, and the ability to operate in confined spaces.
eVTOL aircraft is safe, effective, environmentally friendly, less expensive than
helicopters, and can transport passengers and cargo more quickly and
efficiently. As a result, they find various applications in transportation,
agriculture, healthcare, defense, and logistics industries across the globe.
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aircraft-market/requestsample
4. Report Description
Global eVTOL Aircraft Market Trends:
The expanding adoption of eVTOL aircraft as ambulances in the healthcare industry to provide medical support
and reduce emergency response time is one of the key factors driving the market growth. Besides this, increasing
traffic congestion caused by the rising population and rapid urbanization is propelling the demand for eVTOL
aircraft, thus favoring the market growth. Moreover, the increasing product utilization to improve search and
rescue operations post natural calamities or accidents, such as landslides, fires, floods, and earthquakes, is
presenting remunerative growth opportunities for the market.
Concurrent with this, the widespread product adoption in the construction industry for surveying lands, providing
continuous project notifications, improving safety, and preventing dangerous incidents on sites are creating a
positive outlook for the market. In addition to this, the escalating product adoption due to its several benefits over
conventional aircraft, such as a lesser environmental impact, reduced noise pollution, and flying at lower
altitudes, is aiding in market expansion. Furthermore, innovative technological advancements and extensive
investments in research and development (R&D) activities to improve aircraft design, performance, and power
output is contributing to the market growth.
Looking forward, the market value is projected to reach US$ 35.1 Billion by 2032, expanding at a CAGR of
11.87% during 2024-2032.
View Report TOC, Figures and Tables: https://www.imarcgroup.com/evtol-aircraft-market
5. Report
Segmentation
Breakup by Lift Technology:
• Vectored Thrust
• Multirotor
• Lift Plus Cruise
Breakup by Mode of Operation:
• Piloted
• Autonomous
• Semi-Autonomous
Breakup by Maximum Take-off Weight (MTOW):
• <250 Kg
• 250-500 Kg
• 500-1500 Kg
• >1500 Kg
6. Report
Segmentation
Breakup by Range:
• 0-200 Km
• 200-500 Km
Breakup by Propulsion Type:
• Battery-Electric
• Hybrid-Electric
• Hydrogen-Electric
Breakup by Application:
• Commercial
o Air Taxi
o Delivery Drones
• Military
o Cargo Transport
7. Report
Segmentation
o Combat Mission
• Emergency Medical Service
o Air Ambulance
o Medical Cargo Transport
Breakup by Region:
• North America
• Asia-Pacific
• Europe
• Latin America
• Middle East and Africa
8. Competitive
Landscape with
Key Players
• Airbus SE
• Archer Aviation Inc.
• Beta Technologies
• Guangzhou EHang Intelligent Technology Co. Ltd
• Lift Aircraft Inc.
• Lilium GmbH
• Moog Inc.
• Piasecki Aircraft Corporation
• Pipistrel d.o.o Ajdovšcina
• Vertical Aerospace Group Ltd.
• Volocopter GmbH
• Wisk Aero LLC
• Xti Aircraft Company
9. Key Questions
Answered in
the Report
How big is the global eVTOL aircraft market?
What is the expected growth rate of the global eVTOL aircraft
market during 2024-2032?
What are the key factors driving the global eVTOL aircraft
market?
What has been the impact of COVID-19 on the global eVTOL
aircraft market?
What is the breakup of the global eVTOL aircraft market based
on the lift technology?
What is the breakup of the global eVTOL aircraft market based
on the mode of operation?
What is the breakup of the global eVTOL aircraft market based
on the Maximum Take-off Weight (MTOW)?
10. Key Questions
Answered in
the Report
What is the breakup of the global eVTOL aircraft market based
on the range?
What is the breakup of the global eVTOL aircraft market based
on the propulsion type?
What is the breakup of the global eVTOL aircraft market based
on the application?
What are the key regions in the global eVTOL aircraft market?
Who are the key players/companies in the global eVTOL
aircraft market?
11. Table of
Contents
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global eVTOL Aircraft Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Lift Technology
6.1 Vectored Thrust
6.1.1 Market Trends
6.1.2 Mark et Forecast
6.2 Multirotor
6.2.1 Mark et Trends
6.2.2 Mark et Forecast
6.3 Lift Plus Cruise
6.3.1 Mark et Trends
6.3.2 Mark et Forecast
7 Market Breakup by Mode of Operation
12. Table of
Contents
7.1 Piloted
7.1.1 Mark et Trends
7.1.2 Mark et Forecast
7.2 Autonomous
7.2.1 Mark et Trends
7.2.2 Mark et Forecast
7.3 Semi-Autonomous
7.3.1 Mark et Trends
7.3.2 Mark et Forecast
8 Market Breakup by Maximum Take -off Weight (MTOW)
8.1 <250 Kg
8.1.1 Mark et Trends
8.1.2 Mark et Forecast
8.2 250-500 Kg
8.2.1 Market Trends
8.2.2 Mark et Forecast
8.3 500-1500 Kg
8.3.1 Mark et Trends
8.3.2 Mark et Forecast
8.4 >1500 Kg
8.4.1 Mark et Trends
8.4.2 Mark et Forecast
9 Market Breakup by Range
9.1 0-200 Km
9.1.1 Mark et Trends
9.1.2 Mark et Forecast
9.2 200-500 Km
9.2.1 Mark et Trends
9.2.2 Mark et Forecast
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