eVTOL Aircraft Market Identifying New Market Entrants and Growth Opportunities in 2023-2031

The global eVTOL (electric Vertical Takeoff and Landing) aircraft market is expected to reach USD 4,410.1 million by 2030, growing at a CAGR of 33.10% during the forecast period. The development of urban air transportation and the rapid advancement of electric VTOL aircraft technology have contributed to the significant growth of this market.

Major market players in this industry include Airbus, Airspace Experience Technologies, Aurora Flight Sciences, Bell Helicopter, The Boeing Company, EHANG, Embraer, Karem Aircraft, Kitty Hawk, Lilium, Neva Aerospace, Opener, Pipistrel, Volocopter, and Workhorse Group.

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The objective of this study is to define market sizes of different segments and countries in recent years and forecast their values for the next eight years. The report incorporates both qualitative and quantitative aspects of the industry within each region and country involved in the study. It provides detailed information about driving factors, challenges, opportunities, competitive landscape, and product offerings of key players.

The market segments and sub-segments are as follows:

By Lift Technology:
- Vectored Thrust
- Multirotor
- Lift Plus Cruise

By Mode of Operations:
- Piloted
- Optionally Piloted

By Range:
- 0 to 200 Kilometers
- 200 to 500 Kilometers

By Application:
- Commercial
- Military
- Cargo

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By MTOW (Maximum Takeoff Weight):
- 1,500 Kilograms

By Type of Propulsion:
- Electric/Battery
- Electric/Hybrid
- Electric/Hydrogen

The regional analysis covers North America (U.S., Canada, Mexico), Europe (UK, Germany, France, Spain, Italy, Russia, Rest of Europe), Asia Pacific (China, India, Japan, Australia, South Korea, Rest of Asia Pacific), South America (Brazil, Argentina, Rest of South America), and the Middle East & Africa (UAE, Saudi Arabia, South Africa, Rest of MEA).

The study considers historical years as 2017 and 2020, the base year as 2021, and the forecast period from 2022 to 2030.

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The target audience for this market study includes key consulting companies and advisors, large, medium-sized, and small enterprises, venture capitalists, value-added resellers (VARs), third-party knowledge providers, investment bankers, and investors.

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