eVTOL Aircraft Global Market to Reach $18.92 Billion by 2026

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DUBLIN, Sept. 27, 2022 /PRNewswire/ — The “eVTOL Aircraft Global Market Report 2022” report has been added to  ResearchAndMarkets.com’s providing.

The international eVTOL plane market is predicted to develop from $6.73 billion in 2021 to $8.09 billion in 2022 at a compound annual development price (CAGR) of 20.16%. The market is predicted to develop to $18.92 billion in 2026 at a compound annual development price (CAGR) of 23.66%.

North America was the biggest area within the eVTOL plane market in 2021. North America is predicted to be the fastest-growing area within the forecast interval. The areas coated within the eVTOL plane market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The rising want for inexperienced power and noise-free plane is propelling the expansion of the eVTOL plane market. The try for larger gasoline effectivity and discount of noise air pollution is the central want to scale back environmental influence. The power for eVTOL plane is generated by powered carry designs utilizing turbofan engines with auxiliary/ augmented carry followers.

Most electric-powered VTOL plane being developed right this moment will use distributed electrical propulsion (DEP) as a gateway to sustainable aviation. For occasion, in March 2020, in accordance to Aan article revealed by Dassault Systemes, a Europe-based firm, estimated the rising want for eVTOL plane the place the market will develop exponentially, to an estimated 1.3 billion passengers over 20 years, with a requirement for 28,000 eVTOL plane. Therefore, the rising want for inexperienced power and noise-free plane will drive the expansion of the eVTOL plane market.

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Technological development is a key pattern gaining reputation within the eVTOL plane market. Major firms working within the eVTOL plane market are targeted on offering technologically-advanced options to strengthen their market place. These firms are implementing next-generation eVTOL plane applied sciences into their providers, corresponding to IoT, extremely edge hydrogen and battery cell, Onboard sensors and collision prevention methods, AI know-how, 5G communication, and others. For occasion, In April 2022, Hyundai, an automotive producer firm, explored hydrogen gasoline cell know-how for the electrical quick Take-off and touchdown eVTOL plane phase. The firm expects hydrogen gasoline cell know-how to have an extended sufficient vary to full intercity journeys.

In December 2020, Joby Aviation, a US-based aerospace firm, creating an electrical vertical takeoff and touchdown plane acquired Uber Elevate for an undisclosed quantity. This acquisition of Uber elevate will create integration between floor and air journey for future clients by integrating their respective providers into one another’s apps for joby aviation. Uber Elevate is a US-based firm initiative to develop, deploy and finally provide shoppers an air-based taxi journey service.

Scope

Markets Covered:

1) By Lift Technology: Vectored Thrust; Multirotor; Lift Plus Cruise
2) By Propulsion Type: Fully Electric; Hybrid Electric; Hydrogen Electric
3) By Mode of Operation: Autonomous; Piloted
4) By Application: Air Taxis; Air Shuttles And Air Metro; Private Transport; Cargo Transport; Air Ambulance And Medical Emergency; Last Mile Delivery; Inspection and Monitoring; Surveying and Mapping; Surveillance; Special Mission; Others

Key Topics Covered:

1. Executive Summary

2. eVTOL Aircraft Market Characteristics

3. eVTOL Aircraft Market Trends And Strategies

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4. Impact Of COVID-19 On eVTOL Aircraft

5. eVTOL Aircraft Market Size And Growth

6. eVTOL Aircraft Market Segmentation

7. eVTOL Aircraft Market Regional And Country Analysis

8. Asia-Pacific eVTOL Aircraft Market

9. China eVTOL Aircraft Market

10. India eVTOL Aircraft Market

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. France eVTOL Aircraft Market

19. Eastern Europe eVTOL Aircraft Market

20. Russia eVTOL Aircraft Market

21. North America eVTOL Aircraft Market

22. USA eVTOL Aircraft Market

23. South America eVTOL Aircraft Market

24. Brazil eVTOL Aircraft Market

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. Appendix

Companies Mentioned

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

For extra details about this report go to https://www.researchandmarkets.com/r/ormmx7

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Research and Markets
Laura Wood, Senior Manager
[email protected]

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