Booming eVTOL Aircraft Industry Outlook 2023-2030: Strategic Developments and Emerging Application Areas


Dublin, Aug. 22, 2023 (GLOBE NEWSWIRE) -- The Global eVTOL Aircraft Market Forecast to 2030 report has been added to's offering.

The global eVTOL Aircraft market is expected to grow from USD 1.2 billion at a CAGR of 52% during the forecast period, reaching USD 23.4 billion by 2030. Market expansion is likely to be driven by factors such as the growing need for green energy and noise-free aircraft, increasing demand for alternative modes of transport, and improving technologies.

Premium Insights

  • Attractive Opportunities in the eVTOL Aircraft Market: The eVTOL aircraft market presents a range of compelling opportunities. The need for cleaner and quieter aircraft is a driving factor, boosting market growth during the forecast period.
  • Mode of Operation in the eVTOL Aircraft Market: Autonomous eVTOL aircraft are anticipated to lead the market from 2023 to 2030, illustrating a prominent trend in the industry.
  • MTOW Segmentation in the eVTOL Aircraft Market: The 100-1,000 Kg MTOW segment is projected to command the highest market share throughout the forecast period, showcasing a significant market trend.
  • Range Segmentation in the eVTOL Aircraft Market: The <=200 Km range segment is expected to capture the highest market share, indicating a prevailing market pattern during the forecast period.
  • Leading Countries in the eVTOL Aircraft Market: The eVTOL aircraft market in the Netherlands is poised to experience the highest Compound Annual Growth Rate (CAGR) during the forecast period, spotlighting a geographic growth trend.

Market Overview

  • Market Dynamics: Various factors drive the eVTOL aircraft market. The demand for environmentally friendly and noise-free aircraft, the increasing preference for alternative transportation, and advancements in battery, motor, and power electronics technologies are among the key drivers.
  • Market Restraints: Challenges such as battery failures due to high voltage and thermal issues, software-related crashes, and certification complexities hinder the eVTOL aircraft market's progress.
  • Market Opportunities: Opportunities encompass strategic developments and emerging application areas that hold potential for growth in the eVTOL aircraft market.
  • Market Challenges: Safety concerns and the absence of standardized regulations pose significant challenges for the eVTOL aircraft industry.
  • Value Chain Analysis: The eVTOL aircraft market's value chain encompasses raw materials, research and development, component manufacturing, OEMs, and end-users.
  • Market Ecosystem: Prominent companies, private/small enterprises, and end-users constitute the eVTOL aircraft market ecosystem, influencing its dynamics.
  • Porter's Five Forces Analysis: Porter's analysis reveals the dynamics of the eVTOL aircraft market, assessing aspects like threat of new entrants, substitutes, supplier and buyer bargaining power, and competitive rivalry intensity.
  • Average Selling Price and Volume Analysis: The market's average selling price and volume trends provide insights into market dynamics over specific periods.
  • Technology Analysis: The analysis covers emerging technologies like lithium-sulfur batteries and hydrogen fuel cells, shedding light on technological advancements in the eVTOL aircraft industry.
  • Tariff and Regulatory Landscape: Key regulations from entities such as the European Union Aviation Safety Agency (EASA) and Federal Aviation Administration (FAA) impact the eVTOL aircraft market.
  • Key Conferences and Events: Upcoming conferences and events in 2023-2024 offer opportunities for industry networking and knowledge exchange.

Industry Trends

  • Emerging Trends: Artificial Intelligence (AI), Big Data Analytics, Internet of Things (IoT), Cyclorotor eVTOL, Urban Air Mobility, and Energy Harvesting are shaping the eVTOL aircraft industry.
  • Case Studies: Case studies highlight innovative developments, including Beta Technologies' use of microstrain sensors and Joby Aerospace's successful all-electric flight.
  • Supply Chain Analysis: Understanding the supply chain structure provides insights into the production and distribution processes within the eVTOL aircraft industry.
  • Impact of Megatrend: Megatrends have a significant influence on the eVTOL aircraft market, shaping its trajectory and evolution.
  • Innovations and Patent Analysis: The analysis of innovations and patent registrations offers a glimpse into the cutting-edge technologies driving the eVTOL aircraft sector's progress.

Companies Profiled

  • Key Players
    • Airbus SE
    • Elbit Systems Ltd.
    • Bell Textron Inc.
    • Ehang Holdings Ltd.
    • Embraer SA
    • Israel Aerospace Industries
    • Pipistrel
    • Elroy Air
    • Lilium GmbH
    • Joby Aviation, Inc.
    • Archer Aviation Inc.
    • Volocopter GmbH
    • SZ Dji Technology Co. Ltd.
    • Samad Aerospace
    • Aurora Flight Sciences
    • Vertical Aerospace Group Ltd.
    • Urban Aeronautics Ltd.
  • Other Players
    • Jaunt Air Mobility
    • Overair
    • Beta Technologies
    • Delorean Aerospace
    • Skydrive Inc.
    • Terrafugia
    • Wisk Aero LLC
    • Opener, Inc.

Key Attributes

Report AttributeDetails
No. of Pages219
Forecast Period2023-2030
Estimated Market Value (USD) in 2023$1.2 Billion
Forecasted Market Value (USD) by 2030$23.4 Billion
Compound Annual Growth Rate52%
Regions CoveredGlobal

Key Topics Covered

1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 eVTOL Aircraft Market, by Lift Technology
8 eVTOL Aircraft Market, by Propulsion Type
9 eVTOL Aircraft Market, by System
10 eVTOL Aircraft Market, by Mode of Operation
11 eVTOL Aircraft Market, by Application
12 eVTOL Aircraft Market, by MTOW
13 eVTOL Aircraft Market, by Range
14 eVTOL Aircraft Market, Regional Analysis
15 Competitive Landscape
16 Company Profiles
17 Appendix

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Global eVTOL Aircraft Market

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