05 September 2019
Visiongain has launched a new packaging report eVTOL Aircraft Market Report 2019-2029: Forecasts by Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise), by Type of Propulsion (Full Electric, Hybrid, Electric Hydrogen), by Application (Commercial, Military, Cargo) PLUS Profiles of Leading Companies and Regional and Leading National Market Analysis.
The global eVTOL aircraft market is expected to demonstrate promising growth over the forecast period. Factors such as congestion due to increasing traffic jams via roadways and rising demand for quick intracity and intercity transportation are driving the market. Furthermore, the market will be positively impacted by the increasing number of start-ups that are focused on developing prototypes for autonomous eVTOL aircrafts from emerging markets such as Japan, India, China, and Australia. The eVTOL aircraft market can be segmented based on lift technology, application, type of propulsion and region.
The eVTOL aircrafts can be defined as electric vertical takeoff and landing aircrafts. There are different types of eVTOL aircrafts including helicopters, fixed-wing aircrafts, powered rotor equipped aircraft such as tiltrotors and cyclocopters/cyclogyros. There is an increasing need for reduction in human intervention for intracity and intercity transportation using eVTOLs and better operational efficiency, along with growing investments worldwide. These aforementioned factors are anticipated to boost the eVTOL aircraft market. Additionally, the market is observing some prominent trends such as development of autonomous driving technologies for advanced air traffic management system for eVTOL aircraft and increase in demand for distributed electric propulsion (DEP).
The key companies operating in the eVTOL aircraft market are Bell Helicopter, Kitty Hawk, A3 by Airbus, EHang, Lilium, and Volocopter. Some of the other companies operating in the market include Aurora Flight Sciences, Embraer, Volocopter, Workhorse, Pipistrel, Neva Aerospace, Opener, Joby Aviation, Karem Aircraft, and Lift Aircraft Collins. These companies are taking various strategic initiatives such as mergers and acquisitions, new product development, expansions, agreements, and partnerships so as to gain a competitive advantage and increase their presence in the global market.
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