Europe eVTOL Aircraft Market By Application (Commercial, Military and Cargo), By Propulsion Type (Hybrid Electric, Fully Electric, Electric Hydrogen), By Lift Technology (vectored Thrust, Lift Plus Cruise, Multicopter and others), By Operation Mode (Autonomous, Semi-Autonomous and Piloted), By Range (upto 200km, 201-500Km), By Country Competition, Forecast & Opportunities, 2018-2030
Published Date: January - 2025 | Publisher: MIR | No of Pages: 280 | Industry: Aerospace and Defense | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationEurope eVTOL Aircraft Market By Application (Commercial, Military and Cargo), By Propulsion Type (Hybrid Electric, Fully Electric, Electric Hydrogen), By Lift Technology (vectored Thrust, Lift Plus Cruise, Multicopter and others), By Operation Mode (Autonomous, Semi-Autonomous and Piloted), By Range (upto 200km, 201-500Km), By Country Competition, Forecast & Opportunities, 2018-2030
The European eVTOL Aircraft market is likely to expand at a vigorous rate in the upcoming years. The growing demand for green energy and noise-free aircraft, along with increasing use of eVTOL aircraft for freight applications and increasing desire for an alternative means of transportation, are factors driving the growth of this market. Electrically powered urban air mobility vehicles, eVTOLs, emit zero-emissions, giving them a significant advantage over most of the current ground and air vehicles, which continue to run on fossil fuels.
Recent Developments
Volocopter GmbH, a German aircraft manufacturer and a pioneer in urban air mobility (UAM), have planned to offer the world's first-ever eVTOL suite of services using passenger air taxis and heavy-lift freight drones between 2024 and 2026. In addition, in March 2022, Jetex and Volocopter inked a strategic collaboration agreement to create a safe and sustainable paradigm of urban air mobility. The alliance was formed to deploy and operate permanent, economically viable, and integrated UAM taxi 'takeoff and landing infrastructure and passenger transportation services.
Wisk Aero received $450 million from The Boeing Company in January 2022 to continue develop Wisk's sixth generation eVTOL aircraft. It also assists the company as it enters an aggressive expansion phase in preparation for the introduction of scale manufacturing.
The Rise of Electric-Propulsion-Based eVTOL Aircraft
The aviation industry is one of the fastest-growing sources of greenhouse gas emissions, contributing to Europe's climate change. The development of
Furthermore, Jetson AB, a Swedish eVTOL firm, completed the sale of the whole production of their eVTOL aircraft in 2022 and has an order of 100 units with delivery set to begin in 2023, along with over 3,000 pre-orders for additional deliveries.
Increasing Adoption of Air Taxis as Urban Air Mobility Increases
Due to recent technological advances in urban air mobility, several cities are projected to adopt a new generation of transportation using eVTOL aircraft. To escape traffic, eVTOL aircraft are best suited for shorter flights across busy cities. The aircraft also aid in middle- and last-mile goods delivery, as well as medical services. As a result, the use of air taxis is increasing. The urban air mobility sector is in its early stages, which is projected to promote air taxi usage in the coming years. Toyota invested $394 million in Joby Aviation eVTOL Aircraft in the first quarter of 2020.
Lack of infrastructure certification in Aviation
The commercialization of eVTOL travel options necessitates the creation of infrastructure such as skyports, charging stations, and others. The initial cost of such infrastructure is quite costly, and development takes time, which is expected to limit market growth. Furthermore, demanding certifications of aviation agencies such as the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) for eVTOL designs are projected to stymie industry expansion.
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Market Segmentation
Company Profiles
Airbus Group, Inc., Bell Textron Inc., Boeing, Eve Air Mobility, Lilium GmBH, EHang Intelligent Technology Co. Ltd, BETA Technologies Inc., Volocopter GmbH, Archer Aviation Inc. and Heart Aerospace AB are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.
Attribute |
Details |
|
Base Year |
2022 |
|
Historical Years |
2018 – 2021 |
|
Estimated Year |
2023 |
|
Forecast Period |
2024 – 2030 |
|
Quantitative Units |
Revenue in USD Billion, Volume in Units, and CAGR for 2018-2022
and 2023-2030 |
|
Report Coverage |
Revenue forecast, volume forecast, company share, competitive
landscape, growth factors, and trends |
|
Segments Covered |
By Application By Propulsion Type By Lift Technology By Operation mode By Range Region |
|
Regional Scope |
Europe |
|
Country Scope |
Germany, Russia, France, Spain, Italy, United Kingdom, Switzerland,
Netherlands, Belgium and Austria. |
|
Key Companies Profiled |
Airbus Group, Inc., Bell Textron Inc., Boeing, Eve Air
Mobility, Lilium GmBH, EHang Intelligent Technology Co. Ltd, BETA Technologies
Inc., Volocopter GmbH, Archer Aviation Inc. and Heart Aerospace AB. |
|
Customization Scope |
10% free report customization with purchase. Addition or
alteration to country, regional & segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research
needs. Explore purchase options |
|
Delivery Format |
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/pdf format on special request) |
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