Electric Vehicle Take off and Landing Aircraft Market Overview Highlighting Major Drivers, 2021- 2028

Increase in congestion of road traffic in urban areas and cities and growing need for faster means of transportation are significant factors driving market growth

The Electric Vehicle Take off and Landing Aircraft Market research report is a comprehensive and vital document encompassing business strategies, qualitative and quantitative analysis, and emerging trends of the global Electric Vehicle Take off and Landing Aircraft market. The report offers in-depth research and assessment of the key elements of the global Electric Vehicle Take off and Landing Aircraft market. The research analysts have formulated this report through thorough primary and secondary research with a detailed analysis of the drivers, restraints, challenges, trends, and opportunities to provide a panoramic view of the Electric Vehicle Take off and Landing Aircraft market.

 

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 RD, and lack of proper infrastructure in various countries are key factors expected to hamper market revenue growth to some extent over the forecast period.

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Some 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.
  • Major players in the market include Aurora Flight Sciences, A³ 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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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)
    • Vectored Thrust
    • Multirotor
    • Lift Plus Cruise
  • Mode of Operation Outlook (Revenue, USD Million; 2018–2028)
    • Piloted
    • Optionally Piloted
  • 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)
    • Fully Electric
    • Hybrid
    • Electric Hydrogen
  • Application Outlook (Revenue, USD Million; 2018–2028)
    • Commercial
    • Military
    • Cargo

Regional Outlook: (Revenue, USD Billion; 2018-2028)

North America (U.S.) (Canada) (Mexico)

Europe (Germany) (UK) (France) (BENELUX) (Rest of Europe)

Asia Pacific (China) (Japan) (South Korea) (Rest of APAC)

Latin America (Brazil) (Rest of LATAM) 

Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.

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