Electric vertical take-off and landing (eVTOL) is being utilized as the next generation of autonomous electric aircraft. This technology provide improved comfort, safety, and reduced noise. eVTOL aircrafts are getting highly popular among urban population.
· The aircrafts incorporating eVTOL are specifically designed for cargo deliveries, Military Surveillance and urban air mobility. Global Electric Vertical Take-off and Landing Market was valued at USD 3038.00 million in 2021 and is expected to reach USD 11497.08 million by 2029, registering a CAGR of 18.10% during the forecast period of 2022-2029. Civil accounts for the largest application segment in the respective market owing to the increase in the urban population. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
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Covid-19 Impact on Electric Vertical Take-off and Landing Market
· The COVID-19 has impacted electric vertical take-off and landing market. The limited investment costs and lack of employees hampered sales and production of electric vertical take-off and landing technology. However, government and market key players adopted new safety measures for developing the practices. The advancements in the technology escalated the sales rate of the electric vertical take-off and landing as it targeted the right audience. The electric vertical take-off and landing market is expected to gain its pace in the post pandemic due to the easing on the restrictions implemented on manufacturing industries.
Recent Developments
· United Parcel Service (UPS) announced the testing of electric vertical take-off and landing aircraft (eVTOLs) for package delivery in April’2022. The company plans to test the 10 Evtol Purchased from Beta Technologies (Beta) for the use in its Express Air Delivery network. These are set to be delivered to UPS in 2024 after receiving the certification from the Federal Aviation Administration (FAA).
Global Electric Vertical Take-off and Landing Market Scope and Market Size
· The electric vertical take-off and landing market is segmented on the basis of types, modes, product type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Types
· Fixed Wing Aircraft
· Helicopters
· Cyclocopters
· Tiltrotors
· On the basis of types, the electric vertical take-off and landing market is segmented into fixed wing aircraft, helicopters, cyclocopters and tiltrotors.
Modes
· Conventional Take- off and Landing
· Short Take-off and Landing
· Short Take-off and Vertical Landing
· On the basis of modes, the electric vertical take-off and landing market is segmented into conventional take- off and landing, short take-off and landing, and short take-off and vertical landing.
Product Type
· Vectored Thrust
· Multirotor
· On the basis of product type, the electric vertical take-off and landing market is segmented into vectored thrust and multirotor.
Application
· Civil
· Military
· On the basis of application, the electric vertical take-off and landing market is segmented into civil and military.
Electric Vertical Take-off and Landing Market Regional Analysis/Insights
· The countries covered in the electric vertical take-off and landing market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
Competitive Landscape and Electric Vertical Take-off and Landing Market
· The electric vertical take-off and landing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electric vertical take-off and landing market.
Some of the major players operating in the electric vertical take-off and landing market are:
· Lilium (Germany)
· EHANG (China)
· Volocopter GmbH (Germany)
· Airbus (Netherlands)
· TERRAFUGIA (US)
· Joby Aviation. (US)
· KITTYHAWK (US)
· PAL-V (US)
· ICON Aircraft, Inc. (US)
· DeLorean Motors Reimagined LLC (US)
· EchoBlue Ltd. (UK)
· Fehr & Peers. (US)
· EmbraerX (Brazil)
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MAJOR TOC OF THE REPORT
· INTRODUCTION
· MARKET SEGMENTATION
· EXECUTIVE SUMMARY
· PREMIUM INSIGHTS
· MARKET OVERVIEW
· QUESTIONNAIRE
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