The global Electric Vehicle Take-off and Landing (eVTOL) Aircraft market size is expected to reach USD 288.4 Million at a revenue CAGR of 21.3% in 2028, according to latest analysis by Emergen Research. Steady market revenue growth of the electric vehicle take-off and landing (eVTOL) aircraft can be attributed to their growing application in medical emergencies. Noise from these aircraft is relatively lower and electric energy is safer, which makes these craft ideal for usage during emergencies in hospitals, isolation zones, and remote areas. Emergence of various diseases globally along with increase in adoption of eVTOL aircraft for emergency medical services will continue to drive market revenue growth.
Growing concerns regarding the environment is also a key factor supporting adoption of electric vehicle take-off and landing aircraft. These craft are electrically powered and are cleaner than gas turbines, and are efficient for cruising. However, the take-off and climb modes can consume sustainable amount of power that can overcome savings in horizontal lights. High initial investment, expensive R&D, and lack of proper infrastructure in various countries are key factors expected to hamper market revenue growth to some extent over the forecast period.
The report throws light on the current economic landscape of this business vertical and evaluates the top market trends. It has been compiled through significant primary research, including surveys, interviews, and expert analysts’ observations. It features insightful qualitative and quantitative assessments of the Electric Vehicle Take off and Landing Aircraft industry, gathering industry-verified data from the value chain analysis. The report, additionally, examines the prevailing trends in the market, along with the macro- and micro-economic indicators. The report delivers a deep understanding of the key aspects of the Electric Vehicle Take off and Landing Aircraft market, for instance, import and export dynamics, production and consumption rates, and consumer bases across the major market regions. Thus, the report concludes with the essential market statistics presented in a tabular format to help readers get a clear idea of the global market dynamics.
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Our sample copy includes a brief analysis of the Electric Vehicle Take off and Landing Aircraft market, the List of Tables and Figures, the market’s competitive scenario and geographical segmentation, and product innovation and future developments based on a sought-after research methodology. Therefore, it serves as a comprehensive framework of the global Electric Vehicle Take off and Landing Aircraft market dynamics and comprises a critical study of consumers’ journeys, the current and emerging market avenues, and strategic initiatives undertaken by companies to enable readers to gain meaningful insights into the market.
The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global Electric Vehicle Take off and Landing Aircraft market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.
Leading companies operating across the global Electric Vehicle Take off and Landing Aircraft market:
Aurora Flight Sciences, A?3; By Airbus, Volocopter GmbH, Neva Aerospace Ltd., Embraer SA, Kitty Hawk Corporation, Joby Aviation, Jaunt Air Mobility, Vertical Aerospace, and Urban Aeronautics.
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Key Highlights From the Report
In March 2021, Lilium introduced its latest eVTOL aircraft, which is a 7-seater Lilium Jet, as a pinnacle of four generations of technology demonstrators. Lilium plans to use the 7-Seater in commercial operations starting in 2024.
Air taxis are for-hire small commercial aircraft capable of flying anywhere on demand. Air taxis operate on schedule or non-schedule basis and run along short routes that are not serviced by larger airlines. In January 2021, General Motors gave a virtual presentation of Cadillac electric vertical take-off and landing (eVTOL) autonomous air taxi. The company is joining the eVTOL air taxi business and is planning to do it with its sleek four-rotor aircraft.
Among the type of propulsion segments, hybrid segment contributed significantly large revenue share in 2020. A hybrid eVTOL uses small fuel burning engine to power a generator that supplies electricity to motors that turn the fans or propellers. Batteries add power to lift the aircraft during vertical landing and take-off. This allows the aircraft to cruise on a smaller and more efficient engine than required for engine-only propulsion. Hybrid eVTOL aircraft offer major improvements over existing business aircraft and helicopters. For example, these aircraft can carry customers from London Heliport to Paris Heliport (230 miles/370 km) in 55 minutes, thus saving three hours trip time compared to airline travel.
Emergen Research has segmented the global electric vehicle Take-Off and Landing (eVTOL) aircraft market on the basis of lift technology, mode of operation, Maximum Takeoff Weight (MTOW), range, type of propulsion, application, and region:
Lift Technology Outlook (Revenue, USD Million; 2018–2028)
Lift Plus Cruise
Mode of Operation Outlook (Revenue, USD Million; 2018–2028)
Maximum Takeoff Weight (MTOW) Outlook (Revenue, USD Million; 2018–2028)
Less than 250 Kg
250 Kg to 500 Kg
500 Kg to 1,500 Kg
Above 1,500 Kg
Range Outlook (Revenue, USD Million; 2018–2028)
0 to 200 KM
200 Km to 500 KM
Type of Propulsion Outlook (Revenue, USD Million; 2018–2028)
Application Outlook (Revenue, USD Million; 2018–2028)
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The report offers a comprehensive analysis of the current growth opportunities for various regions of the Electric Vehicle Take off and Landing Aircraft market. It gauges the revenue shares of these regions over the forecast timeline. Furthermore, the report analyzes the year-on-year growth rate of these regions over the forecast duration. The leading geographic regions encompassed in the report include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Global Electric Vehicle Take off and Landing Aircraft Market – Table of Contents:
Production, by product type
Revenue, by product type
Price, by product type
Consumption, by application
Market Share, by application
Production, by region
Revenue, by region
Consumption, by region
Production Locations and Areas Served
Product Launch, Application, and Specification
Production, Revenue, Ex-factory Price, and Gross Margin
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