EVTOL Aircraft Market 2023 Analysis By Size, Share, Growth, Trends Up To 2032 | Airbus SE, Textron Inc, Embraer SA, Wisk Aero, Volocopter GmbH

As per The Business Research Company's EVTOL Aircraft Opportunities And Strategies Market Report 2023, The global eVTOL aircraft market size is expected to grow from $14,362.9 million in 2025 to $51,182.6 million in 2031 at a compound annual growth rate (CAGR) of 23.6%.
Going forward, the growing need for green energy and noise-free aircraft, increasing demand for eVTOL aircraft in cargo applications and the growing urbanization will drive the growth. Factors that could hinder the growth of the eVTOL aircraft market in the future include possible failures in batteries due to high voltage and thermal issues, eVTOL aircraft crash due to software failure and Russia-Ukraine war.

The growing need for green energy and noise-free aircraft is expected to drive the growth of the eVTOL aircraft market during the forecast period. The strive for greater fuel efficiency and a reduction in noise pollution is the central need to reduce environmental impact. The energy for eVTOL aircraft is generated by powered lift designs using turbofan engines with auxiliary or augmented lift fans. Most electric-powered VTOL aircraft being developed today will use distributed electric propulsion (DEP) as a gateway to sustainable aviation. The demand for eVTOL aircraft will grow in response to the growing need for green energy and noise-free aircraft, as the eVTOL aircraft is powered by electric energy that does not affect the environment.

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Electric propulsion and hydrogen fuel cell technology is a key trend gaining popularity in the eVTOL aircraft market. Electric propulsion is a form of space propulsion used in eVTOL aircrafts that are accelerated using various electrical and/or magnetic techniques. A hydrogen fuel cell provides power using the chemical energy of hydrogen that is used in eVTOL aircraft for emergency backup power. Companies in the eVTOL aircraft market are focusing on electric propulsion and hydrogen fuel cell technology to lead the market.

EVTOL Aircraft Market Segmentation:
The eVTOL aircraft market is segmented by lift technology, by propulsion type, by mode of operation, by application.

By Lift Technology -
a) Vectored Thrust
b) Multirotor
c) Lift Plus Cruise

By Propulsion Type -
a) Fully Electric
b) Hybrid Electric
c) Hydrogen Electric

By Mode Of Operation -
a) Autonomous
b) Semi-Autonomous
c) Piloted

By Application -
a) Commercial
b) Military
c) Emergency Medical Services
d) Other Applications

Major players in the EVTOL Aircraft market include Airbus SE, Textron Inc, Embraer SA, Wisk Aero, Volocopter GmbH

The regions covered in the global EVTOL Aircraft market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global EVTOL Aircraft Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

EVTOL Aircraft Market Report Table Of Content
1. Executive Summary
2. Table Of Contents
3. List Of Figures
4. List Of Tables
5. Report Structure
……
19. Key Mergers and Acquisitions
20. Opportunities And Strategies
21. EVTOL Aircraft Market, Conclusions And Recommendations
22. Appendix

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