Global Evtol Aircraft Market 2021-2026

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    Electric vertical take-off and landing aircrafts (eVTOLs) are being built and tested, and their configurations vary from hover bikes to electric ducted fans. The VTOL aircraft, which can fly as quickly as an aeroplane and take off and land vertically like a helicopter, was developed after a lot of study. Many other variants were tried, but only the Harrier was put into service.


    At that time, choosing between using the same power plant for hover and cruise, or having two different power plants was the main design decision. Different configurations were tested by different companies during the span of two decades.


    VTOLs that employ the same propulsion system for hover and forward flight can rotate the thrust direction in various ways. The tail-sitters turn the entire aeroplane around. They are conceptually simple, but control is complex and dangerous.


    infographic: Evtol Aircraft Market, Evtol Aircraft Market Size, Evtol Aircraft Market Trends, Evtol Aircraft Market Forecast, Evtol Aircraft Market Risks, Evtol Aircraft Market Report, Evtol Aircraft Market Share


    The blowing action of the propellers augments the lift produced by the wing at high angles of attack. Tilt-wings of the 1950s and 1960s had control issues due to limited pitch control power, were mechanically complicated, and the loss of an engine may result in catastrophic roll upset.


    Most eVTOL companies have been quite secretive about their operations, making it difficult for novices to the field to discern between aircraft with viable pathways to market and those that are unlikely to ever see the light of day.


    To know more about Flying Car and Flying Taxi Market in US and Europe, read our report




    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 Kenya Airways partners with Embraer on eVTOL air taxi Fahari Aviation, a subsidiary of Kenya Airways (KQ, Nairobi Jomo Kenyatta), signed a Memorandum of Understanding with Eve Urban Air Mobility Solutions, a unit of Embraer (EMB, Sao Jose dos Campos), to develop an electric vertical-take-off-and-landing (eVTOL) network in Kenya. Kenya This would enhance better EV battery Technologies and Shuttle production
    2 Brazil’s Azul Joins Carriers Planning eVTOL Service Brazil’s Azul became the latest airline to announce plans for eVTOL aircraft operations, placing a provisional order for 220 of Lilium’s seven-seat Lilium Jet. The deal is valued at $1 billion, implying a $4,5 million unit price for the all-electric Lilium Jet. EU This would bring up new options of production for Nissan presence as an EV Mobility solutions for commercial requirements.
    3 Volocopter Flies 2X eVTOL Prototype at Oshkosh Volocopter made the first FAA-approved flight of a manned, eVTOL aircraft in a public environment in the U.S. during the EAA AirVenture show in Oshkosh, Wisconsin USA Better Mobility and presence across various nations





    SI No Timeline Company Developments

    March 2022




    Germany-based Lilium has inked an agreement with NetJets Inc,the world’s largest private jet firm, to purchase up to 150 eVTOL craft for commercial use. Lilium planes would be designed to fly four to six passengers under the agreement, and NetJets would sell them to clients in the US and Europe under shared-ownership arrangements.
    2 February 2022 Textron Global aerospace company Textron has announced an agreement to purchase Pipistrel.Acquisition will allow the Pipistrel team to accelerate the development and certification of electric and hydrid-electric aircraft by tapping into Textron’s resources, technical and regulatory expertise, and a global aircraft sales and support network.
    4 December 2021 Joby With INRAS Acquisition, Joby advances it’s work on EVTOL Radar. The Austrian firm has been assisting its new American owner in the development of an unique radar system for its four-passenger eVTOL aircraft.



    SI No Timeline Company Developments
    1 December 2021 Volocopter Volocopter partnered with NEOM in order to create the world’s first public eVTOL mobility system in Saudi Arabia.
    2 November 2021 Airbus Airbus partnered with Thales and Diehl Aerospace in order to develop the flight control computers of City Airbus NextGen.
    3 October 2021 Volocopter Volocopter and Osaka Roundtable have been partnered to bring the united air mobility(UAM) to Japan.
    4 September 2021 Joby Aviation Joby Aviation collaborated with NASA in order to measure the Noise Footprint of Electric Air Taxi.
    5 September 2021 EHang EHang and HELI-EASTERN have been partnered to develop Urban Air Mobility Operations in Shenzhen.
    6 July 2021 EHang Ehang has partnered with Globavia in order to co-develop the Urban Air Mobility in Iberian Peninsula and in Latin America.


    The eVTOL aircraft market has enormous potential, but, like other emerging technological industries, it will produce both winners and losers. The report’s assumption is that more informed investors will be better positioned to identify winners and so contribute more to the advancement of the industry as a whole.


    Electric vertical take-off and landing aircraft can take off and land vertically, similar to a helicopter, without requiring a runway. Unlike traditional helicopters, which use internal combustion engines and mechanical transmissions to power their huge main rotors, eVTOL aircraft usually use numerous smaller propulsion units powered by electric motors.

    Infographic: Global Evtol Aircraft Market, Global Evtol Aircraft Market Size, Global Evtol Aircraft Market Trends,  Global Evtol Aircraft Market Forecast,  Global Evtol Aircraft Market Risks, Global Evtol Aircraft Market Report, Global Evtol Aircraft Market Share

    More funding is flowing into new technologies than ever before, including the booming passenger air mobility market. VC activity is at an all-time high, from eVTOL to air taxis, and the effects of this momentum will most certainly be seen in cities throughout the world in the next few years.


    eVTOLs are much less loud than helicopters—eVTOL aircraft developers are aiming for a 20-decibel noise reduction. Cities and metropolitan areas are already hotspots for noise pollution, and Hussain believes that quieter operations will be critical for increasing the frequency of eVTOL flights and expanding routes closer to residential areas.


    The passenger air mobility industry includes eVTOL aircraft manufacturers, their enablement technologies and air taxi service providers, and it has the potential to significantly disrupt the urban mobility landscape.




    The Global Evtol Aircraft market can be segmented into following categories for further analysis.


    By Vehicle Infrastructure Type

    • Light Commercial Aircraft
    • Heavy Commercial Aircraft
    • Passenger based Aircraft
    • Cargo Based Multi Model Aircraft


    By Application

    • Heavy Commercial Application
    • Moderate Commercial Application
    • Cargo Based Application
    • Passenger Based Application
    • Multi Integrated Application


    By Class of Propulsion

    • Electric based Commercial Aircraft
    • Special Fuel Hybrid based Commercial Aircraft


    By Construction Type

    • Fixed Wing Aircraft
    • Rotary Wing Aircraft
    • Delta Wing Aircraft


    By Construction Fitting Capability 

    • Line Fit Capability
    • Retrofit Capability


    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region





    SI No Timeline Company Developments
    1 December 2021 EHang EHang launched the fifth generation Air Mobility Experience Centre in Guangzhou.
    2 December 2021 EHang EHang secured an order for the delivery of its VT-30 and to conduct the EH216 Demo Flights in Japan.
    3 November 2021 Volocopter Volocopter completed the testing of the first ever crewed public Air Taxi Test Flight in South Korea.
    4 September 2021 Airbus Airbus launched the next generation of  City Airbus in order to develop the United Air Mobility System.
    5 July 2021 Joby Aviation Joby Aviation, a developing all-electric aircraft for commercial vehicles, has announced that they are making its step towards building the first eVTOL airline.
    6 April 2021 Volocopter Volocopter decided to bring the electric Air Taxis to the China cities.
    7 January 2021 Volocopter Volocopter is set to bring their electric air taxi to the American Market.
    8 January 2021 EHang EHang decided to provide the United Air Mobility (UAM) services in Hengqin New Area in Zhuhai, China.


    Electric vertical takeoff and landing aircraft (eVTOL) research is gaining traction. Three-dimensional movement in the sky is intended to reduce travel time and increase convenience for passengers.


    Envisioned applications for passenger transportation include usage as air taxis, for emergency response (first-aid, police, rescue), and for leisure activities. As for the transportation of goods, eVTOL would offer larger capacity for freight transport than ordinary drones.


    AutoFlight, a global eVTOL pioneer, just published the second and most recent proof-of-concept (POC) film for their air taxi Prosperity I.


    New improved lifting propellers allow for increased hover efficiency, while the two pushing propellers on either side of the air taxi have been replaced with a single centre propeller with dual motors to improve cruising capabilities. Prosperity I’s most recent design is quite close to the final version, which will be released later.


    Prosperity I was created to facilitate transfers between areas of a city, airport commutes, connecting two close cities, and allowing visits to the countryside while avoiding ground traffic.


    Prosperity I is anticipated to cut a trip that takes hours by vehicle to roughly 10 minutes when it is ready for commercial flight in upcoming years, without being any less safe or expensive than a car taxi ride.


    Fuelling the growing momentum behind development are advancements in battery and motor technologies along with related control technologies, led by the automotive industry, and autopilot technologies cultivated in the drone industry, as well as technology advancements for reducing aircraft weight with carbon fibre composite materials.


    There are two types of take-off and landing areas: one that just accommodates departures and arrivals and another that also includes charging infrastructure. Borrowing technology from other sectors (electric vehicles) is expected to help cut prices for charging equipment.


    Tip-jets are a type of compound autogyros that employ a rotor driven by jets at the blade’s tip, propellers for horizontal propulsion, and a wing for lift. High-pressure engine efflux is ejected into a tube called the augmenter by ejector VTOLs, forcing extra ambient air to accelerate through the channel and mix with the engine exhaust.





    SI No Timeline Company Developments



    December 2021

    Eve Air Mobility Embraer’s electric aircraft unit, Eve Air Mobility, combined with SPAC Zanite Acquisition. After the transaction, Embraer will own 82 percent of the resultant company’s shares, valuing Eve at $2.4 billion.
    2 30 March Lilium Lilium and Qell Acquisition Corp have announced a SPAC merger.

    The overall gross proceeds are estimated to be around $830 million, with roughly $380 million in cash held in trust and $450 million in PIPE1 investment proceeds.


    4 February 2021 Joby Joby merged with Reinvent Technology Partners,As part of the deal, Joby will get $1.6 billion in cash, $690 million of which will come from Reinvent’s cash in trust and $835 million from private investors The Baupost Group,



    SI No Timeline Company Updates
    1 2021-9M Airbus The revenue of Airbus at the end of nine months was €35.1 billion and in the previous year the revenue was €30.16 billion.
    2 Q3-2021 Wheels UP At the end of the third quarter the revenue of Wheels UP was $301.9 million and in 2020 the revenue was $194.7 million.
    3 Q3-2021 EHang The total revenue of EHang at the end of the third quarter was $12.96 million and in the previous quarter the revenue was $12.1 million.
    4 December 2021 JobyAviation Joby Aviation completed the acquisition of Radar Developer Inras GmbH.
    5 January 2021 Wheels UP Wheels UP completed the acquisition of Mountain Aviation which is an aircraft charter company.


    The primary challenge in the development of eVTOL aircraft is the battery. At most, the energy density of the most commonly used lithium-ion batteries is 240 Wh/kg. Even with this present level of battery performance, an eVTOL with a cruising range of many tens of kilometres, such as the Volocopter, could be powered. Among factors that could impede growth, in addition to the difficulties for ensuring safety, there are uncertainties in the external business environment, such as public acceptance and regulations.


    Volocopter has been one of the leading manufacturer of the eVTOL Aircrafts in the industrial market developments. The company’s “Volocopter 2X” variant seats two people (one pilot and one passenger), and its form is comparable to that of a tiny general-purpose drone known as a multicopter.


    Because it is composed of carbon fibre composite material, the aircraft has a width of roughly 9 m and weighs approximately 290 kg. It flies thanks to 18 tiny rotors powered by lithium-ion batteries. Key aviation electronics, such as equipment for aircraft position control, are supplied by the US company Honeywell. After a successful manned flight in 2016, test flights were conducted in Dubai, UAE, in 2017.


    Airbus is working on a one-seater dubbed “Vahana” and a four-seater called “City Airbus.” Vahana successfully completed the first flight of a prototype in 2018, and in February 2019, the news of a successful vertical take-off and landing and level flight achieved during a test flight lasting roughly 7 minutes was made public. As for the City Airbus, it has been reported that the first successful flight was realized in May 2019. The company aims to commercialize Vahana and City Airbus by 2020 and 2023, respectively.




    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in theIndustry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix


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