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eVTOL Aircraft Market by Application, Technology, and Geography - Forecast and Analysis 2023-2027

  • Published: Jan 2023
  • Pages: 165
  • SKU: IRTNTR71942
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The EVTOL aircraft market is estimated to grow at a CAGR of 39.53% between 2022 and 2027. The size of the market is forecast to increase by USD 5,433.3 million. The growth of the market depends on serval factors, including the demand for enhanced customer service, the increasing requirement for clean and quiet aircraft, and the increasing use of eVTOL aircraft for military applications.

This report extensively covers market segmentation by application (cargo and passengers), technology (lift plus cruise, multirotor, and vectored thrust), and geography (Europe, North America, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the EVTOL Aircraft Market During the Forecast Period?

eVTOL Aircraft Market Size

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Parent Market Analysis

Technavio categorizes the global electric vertical take-off and landing (eVTOL) aircraft market as a part of the global aerospace and defense market within the global capital goods market. The global aerospace and defense market covers products and companies engaged in the production of aerial platforms used under commercial and general aviation; defense platforms used under naval, land, and air domains; arms and ammunition; defense electronics; defense logistics equipment; and space platforms, equipment, and launch vehicles.  Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

EVTOL Aircraft Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing requirement for clean and quiet aircraft is notably driving the market growth, although factors such as operating power and heat management challenges may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key EVTOL Aircraft Market Driver

The increasing requirement for clean and quiet aircraft is notably driving the market growth. Airplanes emit around 100 times more CO2 per hour than a shared bus or train ride, and the emissions of global aviation are around 1 billion tons of CO2 per year. The worldwide aviation sector is responsible for around 2% of all CO2 emissions caused by humans. These figures are projected to rise much more, as the size of the global aircraft fleet and air travel grows. Hence, there has been an increasing demand for eVLOT aircraft to reduce the aviation industry's carbon impact.

Organizations and governing bodies, such as the International Civil Aviation Organization, the Federal Aviation Administration, and the European Union Aviation Safety Agency, have called for sustainable aircraft fuel alternatives, estimating that by 2050, aircraft-generated emissions will have tripled in volume. EVTOL aircraft engines do not produce the sounds associated with jet or combustion engines, thus, no aircraft noise levels are produced by this aircraft. Thus, such factors will boost the growth of the electric vertical take-off and landing (eVTOL) aircraft market in focus during the forecast period.

Significant EVTOL Aircraft Market Trend

The development of drone infrastructure is an emerging trend in the market. Drones have revolutionized the commercial aerospace domain, given their easy deployment, low associated maintenance costs, relatively high mobility, and hovering ability. Drones are being widely deployed in areas such as wireless coverage and remote sensing, search and rescue operations, delivery of goods, security and surveillance, precision agriculture, and civil infrastructure inspection, among others.

Drones are instrumental in search and rescue (SAR) operations and can expedite rescue and recovery activities during natural or man-made disasters such as floods. Moreover, they can provide timely disaster warnings and transport medical supplies to areas that are otherwise inaccessible. During disasters such as the release of toxic gases, wildfires, and avalanches, drones are deployed to support and hasten SAR operations by providing prompt coverage of a large area without any risks to the security or safety of personnel. Thus, such factors will boost the growth of the global electric vertical take-off and landing (eVTOL) aircraft market during the forecast period.

Major EVTOL Aircraft Market Challenge

The operating power and heat management challenges are the major issues impeding the market growth. The conventional aircraft design employs a fluctuating frequency alternating current (AC) as the source of power generation, which, however, is not applicable to light eVTOL aircraft designs to some extent since they require a controlled frequency AC with controlled voltage along with 270 V direct current (DC) power distribution architecture. This includes distribution topology and generation and power conversion due to the high electrical power consumption when compared with traditional aircraft.

Moreover, electrically powered systems generate a significant amount of heat, which, in the absence of proper thermal management, can have catastrophic results. Traditional design systems direct the excess heat generated to a heat sink, however, high amounts of heat can initiate oxidizing reactions and degrade the fuel. The other option available is the ambient air, but while venting out the heat, it has to pass through other systems of the aircraft, which can lead to damage to these systems. Therefore, these challenges will hamper the growth of the global electric vertical take-off and landing (eVTOL) aircraft market during the forecast period.

Key EVTOL Aircraft Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

eVTOL Aircraft Market Share by Geography

Global eVTOL Aircraft Market Customer Landscape

Who are the Major EVTOL Aircraft Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Lilium GmbH - The company operates under one segment. The company under this segment is involved in developing proprietary technology that powers all-electric vertical take-off and landing jets that includes 5-seat technology demonstrators. The key offerings of the company include eVTOL aircraft. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Airbus SE
  • ARC Aerosystems
  • Archer Aviation Inc.
  • BETA Technologies Inc.
  • EHang Holdings Ltd.
  • Elbit Systems Ltd.
  • Elroy Air
  • Embraer SA
  • Joby Aviation Inc.
  • Karem Aircraft Inc.
  • Moog Inc.
  • SkyDrive Inc.
  • Textron Inc.
  • The Boeing Co.
  • Urban Aeronautics

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the EVTOL Aircraft Market?

The market share growth by the cargo segment will be significant during the forecast period. Most of the eVTOL aircraft are designed for end-consumers for urban air mobility, medical assistance, and personal use. In 2020, JumpAero announced it was working on a small, one-seater eVTOL aircraft to allow the rapid deployment of emergency services. This type of vehicle is not a replacement for land vehicles or helicopters, but a new tool since electric motors are faster than others. 

eVTOL Aircraft Market Size

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The cargo segment was valued at USD 400.66 million in 2017 and continued to grow until 2021Companies are collaborating to create this aircraft that not only save lives but also has reduced environmental impact. These aircraft can offer a range of options, including EMS. Medical service providers and manufacturers of eVTOL aircraft are collaborating to deliver emergency missions with effective and secure solutions. For instance, in July 2022, UK-based vertical aerospace announced its partnership with aerospace, defense, and security company Babcock International to use its aircraft for aerial EMS and cargo. The companies intend to establish a joint working group to examine potential applications for the VX4 in critical services such as responding to accidents and providing emergency transport between hospitals, as well as assisting the armed forces with medium-range logistics delivery and casualty evacuation services by leveraging Babcock's experience in this area. As part of their agreement, the two businesses will also build modular MRO solutions to increase VX4 availability and enable efficient maintenance during the forecast period. Thus, such collaborations will drive the growth of the global market through the cargo segment during the forecast period.

Which are the Key Regions for the EVTOL Aircraft Market?

eVTOL Aircraft Market Share by Geography

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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to vendors is Europe. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Europe was the largest segment of the global market in 2022 and will continue to remain the largest segment during the forecast period. The market in Europe is expected to experience a positive growth rate due to increased investment in commercial drones and eVTOL aircraft by Western European countries such as the UK, Germany, France, Spain, and Italy. The expansion of the market to other European countries such as Iceland, Norway, Ireland, and Switzerland will also likely drive the market in Europe during the forecast period.

European countries are developing infrastructure for eVTOL aircraft. For instance, in April 2022, the world's first demonstration of a hub for flying taxis and autonomous freight drones, Air-One, was opened in the city of Coventry by the UK eVTOL infrastructure developer Urban-Air Port. With support from the UK government and further assistance from the industry leader in air mobility, Supernal and Air-One will run from its location at Westminster Car Park in the center of Coventry for at least one month. According to Urban-Air Port, the project will serve as the model for more than 200 vertiports that are expected to be built around the world over the next five years. This will have a positive impact on the growth of the regional market. 

In June 2022, new rules for eVTOL air taxi operations in European cities were proposed by European Aviation Safety Agency (EASA). The proposed regulatory framework is currently available for public comment through September 30, 2022, according to the EASA, which claims it to be the first of its sort worldwide. They will supplement current European Union regulatory materials governing the use of unmanned aircraft systems (UAS) and the so-called U-space unmanned air traffic management system, according to EASA. They also refer to current guidance on the design of vertiports as well as the most recent special circumstances rules from EASA for the certification and airworthiness approval of new VTOL aircraft. Thus, such regulations will positively impact the growth of the regional market during the forecast period.

The COVID-19 pandemic in 2020 had an adverse impact on several countries in the region. However, several vendors were working on sustainable prototypes for the development of eVTOL aircraft. For example, in August 2020, Israel-based aircraft manufacturer Urban Aeronautics announced a partnership with US-based Hatzolah Air to manufacture ambulances. The Cityhawk VTOL is said to be a rotor or wingless hydrogen-powered aircraft capable of both flight and landing, depending on the intended use. Such developments are expected to continue, which will foster the growth of the regional electric vertical take-off and landing (eVTOL) aircraft market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Technology Outlook (USD Million, 2017 - 2027)
    • Lift plus cruise
    • Multirotor
    • Vectored thrust
  • Application Outlook (USD Million, 2017 - 2027)
    • Cargo
    • Passengers
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa
    • South America
      • Chile
      • Brazil
      • Argentina

EVTOL Aircraft Market Scope

Report Coverage

Details

Page number

165

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 39.53%

Market growth 2023-2027

USD 5,433.3 million

Market structure

Fragmented

YoY growth 2022-2023(%)

33.01

Regional analysis

Europe, North America, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 39%

Key countries

US, China, Germany, France, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Airbus SE, ARC Aerosystems, Archer Aviation Inc., BETA Technologies Inc., EHang Holdings Ltd., Elbit Systems Ltd., Elroy Air, Embraer SA, Joby Aviation Inc., Karem Aircraft Inc., Lilium GmbH, Moog Inc., SkyDrive Inc., Textron Inc., The Boeing Co., Urban Aeronautics, Vertical Aerospace Group Ltd., Volocopter GmbH, Wisk Aero LLC, and Zhejiang Geely Holding Group Co. Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this EVTOL Aircraft Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the EVTOL aircraft market between 2023 and 2027
  • Precise estimation of the size of the EVTOL aircraft market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across Europe, North America, APAC, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of EVTOL aircraft market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global eVTOL aircraft market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global eVTOL aircraft market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Technology Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Cargo - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Cargo - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Cargo - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Cargo - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Cargo - Year-over-year growth 2022-2027 (%)
    • 6.4 Passengers - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Passengers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Passengers - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Passengers - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Passengers - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Application
      • Exhibit 42: Market opportunity by Application ($ million)

    7 Market Segmentation by Technology

    • 7.1 Market segments
      • Exhibit 43: Chart on Technology - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Technology - Market share 2022-2027 (%)
    • 7.2 Comparison by Technology
      • Exhibit 45: Chart on Comparison by Technology
      • Exhibit 46: Data Table on Comparison by Technology
    • 7.3 Lift plus cruise - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Lift plus cruise - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Lift plus cruise - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Lift plus cruise - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Lift plus cruise - Year-over-year growth 2022-2027 (%)
    • 7.4 Multirotor - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Multirotor - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Multirotor - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Multirotor - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Multirotor - Year-over-year growth 2022-2027 (%)
    • 7.5 Vectored thrust - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Vectored thrust - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Vectored thrust - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Vectored thrust - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Vectored thrust - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Technology
      • Exhibit 59: Market opportunity by Technology ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 Europe - Market size and forecast 2022-2027
      • Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 France - Market size and forecast 2022-2027
      • Exhibit 93: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 China - Market size and forecast 2022-2027
      • Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Airbus SE
              • Exhibit 112: Airbus SE - Overview
              • Exhibit 113: Airbus SE - Business segments
              • Exhibit 114: Airbus SE - Key news
              • Exhibit 115: Airbus SE - Key offerings
              • Exhibit 116: Airbus SE - Segment focus
            • 12.4 ARC Aerosystems
              • Exhibit 117: ARC Aerosystems - Overview
              • Exhibit 118: ARC Aerosystems - Product / Service
              • Exhibit 119: ARC Aerosystems - Key offerings
            • 12.5 Archer Aviation Inc.
              • Exhibit 120: Archer Aviation Inc. - Overview
              • Exhibit 121: Archer Aviation Inc. - Product / Service
              • Exhibit 122: Archer Aviation Inc. - Key offerings
            • 12.6 EHang Holdings Ltd.
              • Exhibit 123: EHang Holdings Ltd. - Overview
              • Exhibit 124: EHang Holdings Ltd. - Product / Service
              • Exhibit 125: EHang Holdings Ltd. - Key news
              • Exhibit 126: EHang Holdings Ltd. - Key offerings
            • 12.7 Elbit Systems Ltd.
              • Exhibit 127: Elbit Systems Ltd. - Overview
              • Exhibit 128: Elbit Systems Ltd. - Product / Service
              • Exhibit 129: Elbit Systems Ltd. - Key offerings
            • 12.8 Embraer SA
              • Exhibit 130: Embraer SA - Overview
              • Exhibit 131: Embraer SA - Business segments
              • Exhibit 132: Embraer SA - Key offerings
              • Exhibit 133: Embraer SA - Segment focus
            • 12.9 Joby Aviation Inc.
              • Exhibit 134: Joby Aviation Inc. - Overview
              • Exhibit 135: Joby Aviation Inc. - Product / Service
              • Exhibit 136: Joby Aviation Inc. - Key offerings
            • 12.10 Lilium GmbH
              • Exhibit 137: Lilium GmbH - Overview
              • Exhibit 138: Lilium GmbH - Product / Service
              • Exhibit 139: Lilium GmbH - Key offerings
            • 12.11 Moog Inc.
              • Exhibit 140: Moog Inc. - Overview
              • Exhibit 141: Moog Inc. - Business segments
              • Exhibit 142: Moog Inc. - Key offerings
              • Exhibit 143: Moog Inc. - Segment focus
            • 12.12 Textron Inc.
              • Exhibit 144: Textron Inc. - Overview
              • Exhibit 145: Textron Inc. - Business segments
              • Exhibit 146: Textron Inc. - Key news
              • Exhibit 147: Textron Inc. - Key offerings
              • Exhibit 148: Textron Inc. - Segment focus
            • 12.13 The Boeing Co.
              • Exhibit 149: The Boeing Co. - Overview
              • Exhibit 150: The Boeing Co. - Business segments
              • Exhibit 151: The Boeing Co. - Key news
              • Exhibit 152: The Boeing Co. - Key offerings
              • Exhibit 153: The Boeing Co. - Segment focus
            • 12.14 Urban Aeronautics
              • Exhibit 154: Urban Aeronautics - Overview
              • Exhibit 155: Urban Aeronautics - Product / Service
              • Exhibit 156: Urban Aeronautics - Key offerings
            • 12.15 Vertical Aerospace Group Ltd.
              • Exhibit 157: Vertical Aerospace Group Ltd. - Overview
              • Exhibit 158: Vertical Aerospace Group Ltd. - Product / Service
              • Exhibit 159: Vertical Aerospace Group Ltd. - Key offerings
            • 12.16 Volocopter GmbH
              • Exhibit 160: Volocopter GmbH - Overview
              • Exhibit 161: Volocopter GmbH - Product / Service
              • Exhibit 162: Volocopter GmbH - Key offerings
            • 12.17 Zhejiang Geely Holding Group Co. Ltd.
              • Exhibit 163: Zhejiang Geely Holding Group Co. Ltd. - Overview
              • Exhibit 164: Zhejiang Geely Holding Group Co. Ltd. - Product / Service
              • Exhibit 165: Zhejiang Geely Holding Group Co. Ltd. - Key news
              • Exhibit 166: Zhejiang Geely Holding Group Co. Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 167: Inclusions checklist
                • Exhibit 168: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 169: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 170: Research methodology
                • Exhibit 171: Validation techniques employed for market sizing
                • Exhibit 172: Information sources
              • 13.5 List of abbreviations
                • Exhibit 173: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

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              EVTOL Aircraft market growth will increase by $3659.45 million during 2021-2026.
              The evtol aircraft market is expected to grow at a CAGR of 35.74% during 2021-2026.
              Technavio has segmented the evtol aircraft market by application (Cargo and Passengers) and geographic (Europe, North America, APAC, and ROW).
              Airbus SE, EHang Holdings Ltd., Elbit Systems Ltd., Embraer SA, Lilium N.V, Moog Inc., Textron Inc., The Boeing Co., Urban Aeronautics, Volocopter GmbH are a few of the key vendors in the evtol aircraft market.
              Europe will register the highest growth rate of 44.57% among the other regions. Therefore, the evtol aircraft market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the evtol aircraft market growth are:
              • Increasing road traffic congestion in urban areas
              The evtol aircraft market vendors should focus on grabbing business opportunities from the cargo segment as it accounted for the largest market share in the base year.
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