EVTOL aircraft market size to grow by USD 5,433.3 million between 2022 and 2027; Development of drone infrastructure identified as key trend - Technavio

Rhea-AI Summary

Technavio reports significant growth in the eVTOL aircraft market, projected to reach USD 5,433.3 million from 2022 to 2027, expanding at a CAGR of 39.53%. Key drivers include the demand for clean and quiet aircraft to reduce greenhouse gas emissions, with current emissions from airplanes being about 100 times higher than buses or trains. The market's growth is bolstered by increasing drone applications in security, agriculture, and emergency services. Nonetheless, challenges such as operating power and heat management may hinder progress. Notably, North America is expected to represent 39% of market growth during this period, driven by extensive UAV deployment and technological advancements. The report highlights collaborations among manufacturers to enhance eVTOL capabilities for critical services.

Positive

• eVTOL aircraft projected to grow by USD 5,433.3 million by 2027.
• CAGR expected to reach 39.53% during the forecast period.
• Increasing demand for clean and quiet aircraft to reduce aviation emissions.
• Expanding applications of drones in various sectors, boosting market growth.
• North America expected to capture 39% of market growth, driven by UAV deployments.

Negative

• Challenges in operating power and heat management could impede market growth.

NEW YORK, April 6, 2023 /PRNewswire/ -- Technavio has been monitoring the EVTOL aircraft market, and it is expected to grow by USD 5,433.3 million between 2022 and 2027. As per the latest report, the market will progress at a CAGR of 39.53% during the forecast period. This report aids business leaders with an up-to-date analysis that includes the study of the current market scenario, the latest trends and drivers that are likely to influence the market growth, and the overall market environment. Download the Latest Sample Report!

The development of drone infrastructure is identified as the key trend in the market. The application of drones is increasing in various areas of operations, including security and surveillance, agriculture, civil infrastructure inspection, and others. They are instrumental in search and rescue (SAR) activities and can expedite rescue and recovery activities during natural or man-made disasters such as floods. They can also provide timely disaster warnings and transport medical supplies to areas that are not easily accessible. Thus, the expanding application areas of drones will foster the growth of the market during the forecast period.

Although the increasing requirement for clean and quiet aircraft will offer immense growth opportunities, the operating power and heat management challenges will impede the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market is driven by increasing requirements for clean and quiet aircraft. Airplanes contribute significantly to greenhouse gas emissions worldwide. They emit about 100 times more CO₂ per hour than a shared bus or a train. With the growth in the size of the global aircraft fleet, carbon emissions by the aviation industry are expected to increase further in the future. Hence, there is an increase in demand for EVLOT aircraft to reduce the aviation industry's carbon footprint. EVLOT aircraft are also gaining more prominence with the growing focus on the adoption of sustainable aircraft fuel alternatives across the world. As a result of these factors, the market size is expected to increase during the forecast period.

EVTOL Aircraft Market 2023-2027: Segmentation

• Application 
• Cargo
• Passengers
• Technology 
• Lift Plus Cruise
• Multirotor
• Vectored Thrust
• Geography 
• Europe
• North America
• APAC
• Middle East and Africa
• South America

The market growth in the cargo segment will be significant during the forecast period. Companies are collaborating to create EVLOT aircraft that can save lives and also have reduced environmental impact. Medical service providers and manufacturers of EVTOL aircraft are collaborating to deliver emergency missions with effective and secure solutions. For instance, in July 2022, UK-based Vertical Aerospace partnered with aerospace, defense, and security company Babcock International to use its aircraft for aerial EMS and cargo. The companies are focusing on creating a joint working group to examine potential applications for the VX4 in critical services such as responding to accidents and providing emergency transport between hospitals, as well as assisting the armed forces with medium-range logistics delivery and casualty evacuation services. Such collaborations among vendors and end-users are driving the growth of the segment.

North America will account for 39% of the market growth during the forecast period. The region has the largest fleet of UAVs deployed for both military and civilian purposes. Manufacturers in the aviation sector in North America are focusing on the development of EVTOL aircraft powered entirely by electric propulsion. They are also expanding their consumer bases in emerging markets by utilizing the latest features and technology. All these factors are driving the growth of the EVTOL market in North America.

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EVTOL Aircraft Market 2023-2027: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our EVTOL aircraft market report covers the following areas:

• EVTOL Aircraft Market Size
• EVTOL Aircraft Market Trends
• EVTOL Aircraft Market Industry Analysis
• EVTOL Aircraft Market Five Forces Analysis
• EVTOL Aircraft Market Competitive Landscape

This study identifies operating power and heat management challenges as one of the prime reasons challenging the EVTOL aircraft market growth during the next few years.

Operating power and heat management challenges will hinder the growth of the market during the forecast period. EVTOL aircraft use controlled frequency AC with controlled voltage along with 270 V direct current (DC) power distribution architecture. The use of electrically powered systems generates a significant amount of heat. Thus, it is imperative to have a proper thermal management system to avoid catastrophic events. The use of traditional design systems directs the excess heat generated to a heat sink. However, the high amounts of heat generated can initiate oxidizing reactions and degrade the fuel. The other option that can be used in cooling these systems is ambient air. However, while venting out the heat, the ambient air has to pass through other systems of the aircraft. This can cause damage to these systems. Such challenges will restrict the growth of the market.

What's New? -

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
• Global competitiveness and key competitor positions
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial - Buy the report!

EVTOL Aircraft Market 2023-2027: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the EVTOL aircraft market. Backed with competitive intelligence and benchmarking, our research report on the EVTOL aircraft market is designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.

• Airbus SE - The company offers eVTOL aircraft such as CityAirbus NextGen.
• ARC Aerosystems - The company is engaged in developing a range of civil hybrid-electric vertical take-off and landing (e-VTOL) aircraft. The company offers eVTOL aircraft such as E-Starling.
• Archer Aviation Inc. - The company is engaged in designing and developing electric vertical takeoff and landing aircraft. The company offers eVTOL aircraft such as Archer Air.
• EHang Holdings Ltd. - The company offers eVTOL aircraft such as EHang AAV.
• BETA Technologies Inc.
• Elbit Systems Ltd.
• Elroy Air
• Embraer SA
• Joby Aviation Inc.
• Karem Aircraft Inc.
• Moog Inc.
• SkyDrive Inc.
• Textron Inc.
• The Boeing Co.
• Urban Aeronautics

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EVTOL Aircraft Market 2023-2027: Key Highlights

• CAGR of the market during the forecast period 2023-2027
• Detailed information on factors that will assist EVTOL aircraft market growth during the next five years
• Estimation of the EVTOL aircraft market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the EVTOL aircraft market
• Analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of EVTOL aircraft market vendors

Related Reports:

• The electric and hybrid aircraft propulsion system market size is expected to increase to USD 12.1 million from 2021 to 2026, at a CAGR of 5.03%. The market is segmented by technology (hybrid powertrain and all-electric powertrain) and geography (Europe, North America, APAC, Middle East and Africa, and South America).
• The aircraft electrification market is estimated to grow at a CAGR of 13.94% between 2022 and 2027. The size of the market is forecasted to increase by USD 6,170.74 million. The market is segmented by platform (commercial and general, and military), technology (more electric, fully electric, and hybrid electric), and geography (Europe, North America, APAC, Middle East and Africa, and South America).

EVTOL Aircraft Market Scope
Report Coverage	Details
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 39.53%
Market growth 2023-2027	USD 5,433.3 million
Market structure	Fragmented
YoY growth 2022- 2023 (%)	33.01
Regional analysis	Europe, North America, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 39%
Key countries	US, China, Germany, France, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Airbus SE, ARC Aerosystems, Archer Aviation Inc., BETA Technologies Inc., EHang Holdings Ltd., Elbit Systems Ltd., Elroy Air, Embraer SA, Joby Aviation Inc., Karem Aircraft Inc., Lilium GmbH, Moog Inc., SkyDrive Inc., Textron Inc., The Boeing Co., Urban Aeronautics, Vertical Aerospace Group Ltd., Volocopter GmbH, Wisk Aero LLC, and Zhejiang Geely Holding Group Co. Ltd.
Market dynamics	Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Browse through Technavio's Industrials Market Reports

Table of contents:

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global EVTOL aircraft market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global EVTOL aircraft market 2017 - 2021 ($ million)

• 4.2 Application Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.3 Technology Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Application

• 6.1 Market segments
• Exhibit 30: Chart on Application - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Application - Market share 2022-2027 (%)

• 6.2 Comparison by Application 
• Exhibit 32: Chart on Comparison by Application
• Exhibit 33: Data Table on Comparison by Application

• 6.3 Cargo - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Cargo - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Cargo - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Cargo - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Cargo - Year-over-year growth 2022-2027 (%)

• 6.4 Passengers - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Passengers - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Passengers - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Passengers - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Passengers - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Application 
• Exhibit 42: Market opportunity by Application ($ million)

7 Market Segmentation by Technology

• 7.1 Market segments
• Exhibit 43: Chart on Technology - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Technology - Market share 2022-2027 (%)

• 7.2 Comparison by Technology 
• Exhibit 45: Chart on Comparison by Technology
• Exhibit 46: Data Table on Comparison by Technology

• 7.3 Lift plus cruise - Market size and forecast 2022-2027 
• Exhibit 47: Chart on Lift plus cruise - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Lift plus cruise - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Lift plus cruise - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Lift plus cruise - Year-over-year growth 2022-2027 (%)

• 7.4 Multirotor - Market size and forecast 2022-2027 
• Exhibit 51: Chart on Multirotor - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Multirotor - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Multirotor - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Multirotor - Year-over-year growth 2022-2027 (%)

• 7.5 Vectored thrust - Market size and forecast 2022-2027 
• Exhibit 55: Chart on Vectored thrust - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Vectored thrust - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Vectored thrust - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Vectored thrust - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Technology 
• Exhibit 59: Market opportunity by Technology ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027 
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027 
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027 
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027 
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027 
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 Germany - Market size and forecast 2022-2027 
• Exhibit 89: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.10 France - Market size and forecast 2022-2027 
• Exhibit 93: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 China - Market size and forecast 2022-2027 
• Exhibit 101: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 Airbus SE
• Exhibit 112: Airbus SE - Overview
• Exhibit 113: Airbus SE - Business segments
• Exhibit 114: Airbus SE - Key news
• Exhibit 115: Airbus SE - Key offerings
• Exhibit 116: Airbus SE - Segment focus

• 12.4 ARC Aerosystems
• Exhibit 117: ARC Aerosystems - Overview
• Exhibit 118: ARC Aerosystems - Product / Service
• Exhibit 119: ARC Aerosystems - Key offerings

• 12.5 Archer Aviation Inc.
• Exhibit 120: Archer Aviation Inc. - Overview
• Exhibit 121: Archer Aviation Inc. - Product / Service
• Exhibit 122: Archer Aviation Inc. - Key offerings

• 12.6 EHang Holdings Ltd.
• Exhibit 123: EHang Holdings Ltd. - Overview
• Exhibit 124: EHang Holdings Ltd. - Product / Service
• Exhibit 125: EHang Holdings Ltd. - Key news
• Exhibit 126: EHang Holdings Ltd. - Key offerings

• 12.7 Elbit Systems Ltd.
• Exhibit 127: Elbit Systems Ltd. - Overview
• Exhibit 128: Elbit Systems Ltd. - Product / Service
• Exhibit 129: Elbit Systems Ltd. - Key offerings

• 12.8 Embraer SA
• Exhibit 130: Embraer SA - Overview
• Exhibit 131: Embraer SA - Business segments
• Exhibit 132: Embraer SA - Key offerings
• Exhibit 133: Embraer SA - Segment focus

• 12.9 Joby Aviation Inc.
• Exhibit 134: Joby Aviation Inc. - Overview
• Exhibit 135: Joby Aviation Inc. - Product / Service
• Exhibit 136: Joby Aviation Inc. - Key offerings

• 12.10 Lilium GmbH
• Exhibit 137: Lilium GmbH - Overview
• Exhibit 138: Lilium GmbH - Product / Service
• Exhibit 139: Lilium GmbH - Key offerings

• 12.11 Moog Inc.
• Exhibit 140: Moog Inc. - Overview
• Exhibit 141: Moog Inc. - Business segments
• Exhibit 142: Moog Inc. - Key offerings
• Exhibit 143: Moog Inc. - Segment focus

• 12.12 Textron Inc.
• Exhibit 144: Textron Inc. - Overview
• Exhibit 145: Textron Inc. - Business segments
• Exhibit 146: Textron Inc. - Key news
• Exhibit 147: Textron Inc. - Key offerings
• Exhibit 148: Textron Inc. - Segment focus

• 12.13 The Boeing Co.
• Exhibit 149: The Boeing Co. - Overview
• Exhibit 150: The Boeing Co. - Business segments
• Exhibit 151: The Boeing Co. - Key news
• Exhibit 152: The Boeing Co. - Key offerings
• Exhibit 153: The Boeing Co. - Segment focus

• 12.14 Urban Aeronautics
• Exhibit 154: Urban Aeronautics - Overview
• Exhibit 155: Urban Aeronautics - Product / Service
• Exhibit 156: Urban Aeronautics - Key offerings

• 12.15 Vertical Aerospace Group Ltd. 
• Exhibit 157: Vertical Aerospace Group Ltd. - Overview
• Exhibit 158: Vertical Aerospace Group Ltd. - Product / Service
• Exhibit 159: Vertical Aerospace Group Ltd. - Key offerings

• 12.16 Volocopter GmbH
• Exhibit 160: Volocopter GmbH - Overview
• Exhibit 161: Volocopter GmbH - Product / Service
• Exhibit 162: Volocopter GmbH - Key offerings

• 12.17 Zhejiang Geely Holding Group Co. Ltd. 
• Exhibit 163: Zhejiang Geely Holding Group Co. Ltd. - Overview
• Exhibit 164: Zhejiang Geely Holding Group Co. Ltd. - Product / Service
• Exhibit 165: Zhejiang Geely Holding Group Co. Ltd. - Key news
• Exhibit 166: Zhejiang Geely Holding Group Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 167: Inclusions checklist
• Exhibit 168: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 169: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 170: Research methodology
• Exhibit 171: Validation techniques employed for market sizing
• Exhibit 172: Information sources

• 13.5 List of abbreviations 
• Exhibit 173: List of abbreviations

 

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FAQ

What is the expected growth of the eVTOL aircraft market from 2022 to 2027?

The eVTOL aircraft market is expected to grow by USD 5,433.3 million during this period.

What is the projected CAGR for the eVTOL aircraft market?

The projected CAGR for the eVTOL aircraft market is 39.53% from 2023 to 2027.

How much of the market growth will North America represent?

North America is expected to account for 39% of the market growth during the forecast period.

What are the main challenges facing the eVTOL aircraft market?

The main challenges include operating power and heat management difficulties.

What factors are driving the growth of the eVTOL aircraft market?

Key factors include the demand for clean aircraft to reduce emissions and the expanding applications of drones across various sectors.