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Electric Vertical Take-off and Landing (eVTOL) is an electric or hybrid aircraft that can hover, take off, and land vertically.  In mid-2018, Embraer S.A. made public its first eVTOL aircraft concept at the Uber Elevate conference held at Los Angeles. The company’s concept aircraft uses 8 rotors to deliver vertical lift, until the moment, the aircraft shifts to horizontal flight when pusher propeller offers forward momentum and lift is upheld by a short wing. The company strategizes to serve passengers in an urban market as part of Uber’s envisioned aerial taxi network. In addition, several traditional companies and start-ups have collectively attracted more than US$ 1 billion of investments for eVTOL. As a result, the General Aviation Manufacturers Association (GAMA) states that eVTOL stands at the cusp of major advances.

Electric Vertical Take-off and Landing (eVTOL) Aircraft Market – Competitive Landscape

  • In May 2019, Airbus Group Inc., a key player in eVTOL aircraft market, announced a huge performance improvement to its single-aisle aircraft – the A220 family. According to the company, the range is increased up to 450nm which will open new route possibilities for airlines around the world, and will be offering increased range that starts from H2 2020.
  • In December 2018, LIFT Aircraft revealed its new eVTOL Aircraft called Hexa Electric that will help people take recreational flights. It is personal multirotor, 432lb semi-autonomous aircraft that looks similar to a large drone, and is equipped with 18 sets of propellers, motors, and batteries.

Aurora Flight Sciences Corp

Founded in 1989, Aurora Flight Sciences Corp, an independent subsidiary of Boeing Company, is based in Manassas, Virginia. The company is a leader in the development and manufacturing of advanced unmanned systems and aerospace vehicles.

Lilium GmbH

Established in 2015, Lilium GmbH is based in Wessling, Germany, and markets as an internationally renowned high-tech hub for mobility. The company is engaged in designing and manufacturing electric vehicle take-off landing jets.

Embraer S.A.

Founded in 1969, Embraer S.A. is headquartered in São Paulo, Brazil, and operates through four main segments including Commercial Aviation, Executive Jets, Defense and Security, and Service & Support. The company solely designs, develops, manufacturers, and sells aircrafts and systems in Brazil, North America, Latin America, Europe, and the Asia Pacific.

Neva Aerospace Ltd.

Founded in 2009, Neva Aerospace Ltd. is based in Brighton, United Kingdom, and develops technologies for unmanned air vehicles (UAV), unmanned air cargo (UAC), electric aviation, and aerial robotic platforms (ARP). The company also offers solutions based on autonomous, low emission aerial robots.

Volocopter GmbH

Established in 2012, Volocopter GmbH is headquartered in Bruchsal, Germany, and specializes in manufacturing electric helicopters for transporting passengers. The company offers a vertical take-off and landing (VTOL) rotary wing called Volocopter 2X.

Electric Vertical Take-off and Landing (eVTOL) Aircraft Market – Dynamics

Rapid Urbanization and Demand for Efficient Transportation Systems to Promote eVTOL Aircraft Market Growth

Increasing road traffic congestion in urban areas along with the growing need for quick transportation continues to fuel the growth of electric vertical take-off and landing (eVTOL) aircraft market, as the particular aircrafts offers the benefits of time efficiency and low operation cost. According to the United Nation (UN), around 70% to 80% of the global population is expected to reside in cities by 2050. This has raised new challenges as well as opportunities for more efficient and sustainable mobility solutions, providing potential growth prospects of electric vertical take-off and landing (eVTOL) aircraft market across the globe.

Certification is one of the key factors that currently affects electric vertical take-off and landing (eVTOL) aircraft market growth. While authorities such as the European Union Aviation Safety Agency (EASA) and the Federal Aviation Administration (FAA) have been co-ordinating with the GAMA membership for several years and a number of projects have begun mature certification efforts, several tasks are yet to be accomplished to conclude regulatory environments related to design and process of eVTOL aircrafts.

Electric Vertical Take-off and Landing (eVTOL) Aircraft Market - Segmentation

On the basis of lift technology, the electric vertical take-off and landing (eVTOL) aircraft market can be segmented into:

  • Multirotor
  • Lift Plus Cruise
  • Vectored Thrust
  • Others

On the basis of type of propulsion, the eVTOL aircraft can be segmented into:

  • Electric Battery
  • Hybrid
  • Electric Hydrogen

On the basis of MTOW, the eVTOL aircraft can be segmented into:

  • <250 Kg
  • 250-500 Kg
  • 500-1,500 Kg
  • Above 1,500 Kg

On the basis of mode of operation, the eVTOL aircraft can be segmented into:

  • Optionally Piloted
  • Piloted

On the basis of range, the eVTOL aircraft can be segmented into:

  • 0-200 Km
  • 200–500 Km

On the basis of application, the electric vertical take-off and landing (eVTOL) aircraft market can be segmented into:

  • Commercial
  • Military

The report on electric vertical take-off and landing (eVTOL) aircraft market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The electric vertical take-off and landing (eVTOL) aircraft market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The eVTOL aircraft market report also maps the qualitative impact of various market factors on market segments and geographies.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

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The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

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Electric Vertical Take Off Landing Aircraft Market