eVTOL Aircraft Market Statistics, Opportunities and Forecast to 2030

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The electric Vertical Take-off and Landing eVTOL
Aircraft Market is projected to grow from USD
162 million in 2025 to USD 411 million by 2030,
at a CAGR of 20.42 from 2025 to 2030. The need
to increase operational efficiency, reduction in
human intervention for
intercity and intracity transportation
using growing activities
eVTOLs, and investment
around the world are key factors expected to
drive the market growth. Vectored thrust segment
projected to grow at the highest CAGR during
the forecast period Based on lift technology,
the eVTOL aircraft market has been segmented into
vectored thrust, multirotor, and lift plus
cruise. The vectored thrust segment is projected
to grow at the highest CAGR during the forecast
period owing to the higher endurance and
efficiency provided by this technology to eVTOL
aircraft. In addition to this, increasing
investments from various manufacturers for the
use of eVTOL aircraft in commercial
applications, such as air taxi, passenger air
travel, cargo transportation, and air ambulance,
are driving the growth of this segment. Download
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dfdownloadNew.asp?id28054110 Electric battery
segment estimated to lead the market during the
forecast period Based on type of propulsion, the
eVTOL aircraft market has been segmented into
electric battery, electric hybrid, and electric
hydrogen. The electric battery segment is
projected to lead the market during the forecast
period. The growth of this segment can be
attributed to the development of various eVTOL
aircraft by prominent market players. These
aircraft are in the flight-testing phase and are
expected to get commercialized by the year 2025.
This commercialization will enable the companies
to generate a huge amount of contracts and
partnerships with taxi service providers from
2025. Asia Pacific to be the fastest-growing
market for eVTOL aircraft during the forecast
period The Asia Pacific eVTOL aircraft market is
projected to grow at the highest rate during the
forecast period. The market growth in this region
can be attributed to increased investments by
leading eVTOL and drone manufacturers to develop
urban air
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mobility for commercial applications.
Advancements in the manufacturing capability of
the regions emerging economies will drive the
market. Additionally, the ever- increasing trend
of automation and globalization in Asia Pacific
countries is fueling the growth of this regional
market. Key Market Players Some of the key
players profiled in the eVTOL aircraft market
report include Kitty Hawk (US), Lilium
(Germany), EHang (China), Volocopter (Germany),
Bell Helicopter (US), and A3 by Airbus (US).
Partnerships, expansions, and new product
launches were key strategies adopted by these
players to achieve growth in the market. These
strategies accounted for the major share of the
total growth strategies adopted by the leading
players in 2018. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
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