UAV Drone IndustryGlobal eVTOL Aircraft Market Estimated to Surpass

December 19, 2021by helo-10
https://coreheli.com/wp-content/uploads/2021/06/95a867ce-3780-4ace-8da5-32bead68c6b7.jpeg


New York, USA, Dec. 15, 2021 (GLOBE NEWSWIRE) — Research Dive states that the global eVTOL aircraft market is estimated to garner a revenue of $4,222.4 million by 2033, and rise at a CAGR of 29.6% in the forecast period from 2026 to 2033. The all-inclusive report on eVTOL aircraft market provides a brief summary of the current market scenario along with the key aspects of the industry, such as significant growth and restraining factors, challenges, and multiple growth opportunities. Besides, the report provides all the estimations of the market, making it easier and helpful for the novel participants to better understand the global market.

Download FREE Sample Report of the EVTOL Aircraft Market: https://www.researchdive.com/download-sample/166

Global eVTOL Aircraft Market Dynamics

Analysts at Research Dive states that the increasing congestion of traffic due to the growing global urban population are the major factors anticipated to propel the growth of the global eVTOL aircraft market. In addition, the rapid growth in manufacturing of eVTOL aircraft for air mobility solutions by many municipal corporations and companies is another factor expected to boost the market growth by 2033. Moreover, the rising demand for air mobility in medical emergencies is expected to provide huge growth opportunities for the global market in the coming years. Conversely, the lack of 5G infrastructure and the higher cost investments in infrastructure and R&D of eVTOL aircrafts may restrict the eVTOL aircraft market growth in the forecast period.

Impact of COVID-19 on the Global eVTOL Aircraft Market

The outbreak of COVID-19 has significantly impacted the global eVTOL aircraft market growth. This is mainly due to the disruption of supply chain, causing delay in the medical supplies across the globe. The eVTOL aircraft industry is in early stage of development and it is predicted to be commercialized by 2025. In addition, several companies operating in the market, such as Airbus and Ehang are taking initiatives to help society during the COVID-19 chaotic situation.

Check out How COVID-19 impacts the EVTOL Aircraft Market: https://www.researchdive.com/connect-to-analyst/166

Vectored Sub-segment to Witness the Fastest Growth

Based on technology type, the vectored sub-segment is expected to generate a revenue of $1,208.5 million by 2033 and is predicted to witness the fastest growth over the forecast period. This is majorly owing to the unmanned aerial technology, the data link, and most importantly the autopilot feature of the vectored technology. Besides, vectored technology is recognized as the perfect option in order to maintain height during flight transitions, which is expected to drive the sub-segment’s growth in the coming future.

Optionally Piloted Sub-segment to Witness Significant Growth

Based on mode of operation, the optionally piloted sub-segment is predicted to witness the fastest growth and garner a revenue of $2,792.6 million by 2033. This is mainly due to the continuous advancements in the unmanned aerial technologies for safer and faster delivery and transport services, which is expected to drive the eVTOL aircraft sub-segment market growth.

Check out all Aerospace & Defense Industry Reports: https://www.researchdive.com/aerospace-and-defence

Small Sub-segment to be Most Profitable

Based on range, the 0 to 200 kilometers sub-segment is projected to generate a revenue of $3,330.1 million by 2033 and hold the dominating market share over the forecast period. This is majorly owing to the rising demand for short-range aircraft as they offer major benefits, such as lesser air pollution, flexibility, fast travel, and smooth operations.

Commercial Sub-segment to be Most Lucrative

Based on application, the commercial sub-segment is expected to have the fastest growth and generate a revenue of $2,548.8 million during the analysis period. This is mainly due to the safe transportation of mode in the commercial applications for eVTOL aircraft. In addition, continuous developments and multiple applications of eVTOL aircrafts including urban air taxis is another factor predicted to boost the global eVTOL aircraft market sub-segment by 2033.

Access Varied Market Reports Bearing Extensive Analysis of the Market Situation, Updated With The Impact of COVID-19: https://www.researchdive.com/covid-19-insights

Greater than 1,500 Kilogram Sub-segment is Expected to Observe Substantial Growth

Based on payload, the greater than 1,500 Kilogram sub-segment is expected to have the fastest growth and it is estimated to generate a revenue of $17.1 million by 2033. This is majorly owing to the rising military and air ambulance applications, and also the wide-ranging usage of drones for delivering medicines and other necessities.

Electric/Battery Sub-segment to Witness Rapid Growth

Based on propulsion, the electric/battery sub-segment is projected to have the fastest growth and surpass $3,230.5 million during the analysis period. This growth of the global eVTOL aircraft market sub-segment is majorly owing to the increasing demand of eVTOL aircraft that can propel by batteries and can run on a single charge. Besides, manufacturers in the battery technology are continuously working and trying to manufacture light weight batteries which is predicted to drive the sub-segment growth by 2033.

North America Region to be Most Lucrative

By region, the North America eVTOL aircraft market is expected to garner a revenue of $1,283.6 million by 2033 and hold lucrative share in the global industry during the analysis period. This is majorly due to heavy investments by market players and the rising adoption of advanced technologies towards the air mobility solutions in the region. Besides, massive support of governments in eVTOL aircraft production is another factor predicted to fuel the regional market growth by 2033.

Prominent Global eVTOL Aircraft Market Players

1. eHang
2. Lilium GmbH
3. Airbus S.A.S.
4. Aurora Flight Sciences
5. Bell Textron Inc.
6. Volocopter GmbH
7. Workhorse
8. Karem Aircraft Inc.
9. Kitty Hawk
10. Pipistrel D.O.O.

For instance, in July 2021, CAE, a leader in aviation training, entered into a partnership with Volocopter, a German aircraft manufacturer, to develop, certify, and deploy an innovative pilot training program for eVTOL operations.

The report also summarizes many significant aspects including financial performance of the key players, SWOT analysis, product portfolio, and latest strategic developments in the market. Click Here to Get Absolute Top Companies Development Strategies Summary Report.

TRENDING REPORTS WITH COVID-19 IMPACT ANALYSIS

Satellite Data Services Market: https://www.researchdive.com/8424/satellite-data-services-market

Unmanned Aerial Vehicle (UAV) Drones Market: https://www.researchdive.com/8348/unmanned-aerial-vehicle-uav-drones-market

Airborne Sensors Market: https://www.researchdive.com/8351/airborne-sensor-market

        



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

There is more to being a drone pilot than just buying a machine and flying in your backyard. It can be that simple, but most of us will need to understand some drone laws before we try to take to the sky.

SUBSCRIBE NOW

[contact-form-7 id=”300″ title=”Subscribe form”]
Objectively innovate empowered manufactured products whereas parallel platforms.