Product ID: UCMIG20A2055
Evtol Aircraft Market Size, Share, Growth Analysis, By Lift Technology(Vectored Thrust, Multirotor), By Mode of Operation(Piloted, Autonomous), By Range(0-200 Km, 200-500 Km), By Maximum Take-off Weight (MTOW)(<250 Kg, 250-500 Kg), By Propulsion Type(Battery-Electric, Hybrid-Electric), By Application(Commercial, Military), By Regions(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG20A2055 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Evtol Aircraft Market Insights
Market Overview:
In 2020, the global market size for eVTOL aircraft was USD 1.11 billion. The market is expected to grow from USD 5.41 billion in 2021 to USD 23.21 billion in 2028, with a compound annual growth rate (CAGR) of 23.13% during the 2021-2028 period. The COVID-19 pandemic had a significant negative impact on eVTOL aircraft demand worldwide. However, analysis shows that the market had a higher growth rate of 11.94% in 2020 compared to the average year-on-year growth rate during 2017-2019. This increase in CAGR is attributed to the market's demand and growth, which is expected to return to pre-pandemic levels once the pandemic is over.
Evtol Aircraft Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Aerospace & Defense by segment aggregation, the contribution of the Aerospace & Defense in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Evtol Aircraft Market Report Snapshots
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