Electric Vertical Take-off and Landing (eVTOL) aircraft are vehicles designed to take-off and landing from anywhere. As per market research report by Delvens, global eVTOL aircraft market will grow at a CAGR of 18% during 2022-2028. World is moving towards faster and safer mode of transportation and eVTOL promised all such things. From above points it is clear that the future of eVTOL aircrafts is much brighter and in coming times demand for these aircrafts will increase.
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6. Introduction
Electric Vertical Take-off and Landing (eVTOL) aircraft are vehicles designed to take-off and
landing from anywhere. They are basically helicopters but propelled with electric power
supply. Many people have this question in their mind that eVTOLs can be the future of
transportation. Well, we can say it as yes. There are some points which supports this
hypothesis which we are going to discuss in coming section.
Uses of eVTOL
eVTOL can solve a lot of problems for big cities.
Air ambulance is one such application which can be extensively utilized. As this is very cheap
in comparison to conventional helicopters, governments can employ it on large scale and
patients also get fast service.
eVTOL can be used by police and fire also to reach at their destination in minimum time.
7. If research and development can find a solution where we can use eVTOL as public transport
then it can solve the issue of traffic.
Recent Development in the field of eVTOL
● Honeywell has unveiled a new lab at its North Phoenix aerospace location which is
dedicated to develop solution for Urban Air Mobility (UAM).
● Airbus partners with ITA to launch airbus’ CityAirbus NextGen eVTOL in Italy.
● Vermont-based Beta Technologies has secured a deposit-backed agreement with
Ireland-based aircraft leasing company LCI that includes a committed order for 50 of
Beta’s Alia-250 eVTOL aircraft.
8. Market Prospect
According to Vertical Flight Society (VFS) has estimated that total investment in eVTOL
companies from 2010 to 2020 was $ 4.5 billion.
Wisk has secured $450 million in funding from The Boeing Company. Wisk has hoped that
this investment will further advance the development of Wisk’s 6th generation eVTOL
aircraft.
Amazon climate pledge fund has invested $ 368 million in series A funding round in Beta
Technologies.
Volocopter has raised $170 million funds to kick off its first air taxi service in cities like
Singapore, Paris, and Rome.
As per market research report by Delvens, global eVTOL aircraft market will grow at a
CAGR of 18% during 2022-2028.
14. On the basis of Lift Technologies
● Vectored Thrust
● Multirotor
● Lift Plus Cruis
On the basis of MTOW
● >250 Kgs
● 250-500 Kgs
● 500-1500 Kgs
● <1500 Kgs
On the basis of Application
● Air Taxis
● Air Shuttles and Air Metros
● Private Transport
15. ● Cargo Transport
● Air Ambulance & Medical Emergency
● Last Mile Delivery
● Inspection and Monitoring
● Surveying and Mapping
● Surveillance
● Special Mission
On the basis of Mode of Operation
● Autonomous
● Piloted
On the basis of Type of Propulsion
● Fully Electric
● Hybrid Electric
● Hydrogen Electric
16. On the basis of Range
● >200 km
● <=200 km
On the basis of Region
● Asia Pacific
● North America
● Europe
● South America
● Middle East & Africa
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20. Data Extraction
The stage involves the procurement of market data or related information via different sources &
methodologies.
Data Analysis
This step involves the analysis & mapping of all the information procured from the previous step. It also
encompasses the analysis of data discrepancies observed across various data sources.
Market Integration
The final step entails the placement of data points at appropriate market spaces in an attempt to deduce
viable conclusions. Analyst perspective & subject matter expert based heuristic form of market sizing also
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Validation is the most important step in the process. Validation & re-validation via an intricately designed
process helps us finalize data-points to be used for final calculations.
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