Summary

The eVTOL Aircraft market is expected to grow from USD 1.2 billion at a CAGR of 52.0% during the forecast period, reaching USD 23.4 billion by 2035. Market expansion is likely to be driven by factors such as the growing need for green energy and noise-free aircraft, increasing demand for alternative modes of transport, and improving technologies.

“ Increasing need for an alternative mode of transport. “

The increasing demand for alternative modes of transport is propelling the EVTOL market due to several factors. Firstly, congested urban areas and traffic congestion have created a need for efficient and time-saving transportation solutions. EVTOL aircraft offer the potential for vertical takeoff and landing, bypassing traditional road networks and enabling faster point-to-point travel. Secondly, the growing concerns over environmental sustainability and the need to reduce carbon emissions have intensified the demand for electric-powered transportation. EVTOLs, being electrically driven, align with these sustainability goals. Lastly, the rapid advancements in technology, such as battery efficiency and autonomy, have made EVTOLs more viable and safer, generating increased interest from both consumers and investors in this transformative mode of transportation.

“Based on Application Type, the Cargo Transport segment accounts for the highest growth rate during the forecast period.”

Based on application, the eVTOL Aircraft market has been segmented into Air Taxis, Air Shuttles & Air Metro, Private Transport, Cargo Transport, Air Ambulance & Medical Emergency Last Mile Delivery, Inspection & Monitoring, Surveying & Mapping, Spraying & Seeding, & Special Mission. Cargo transport based on the EVTOL application type is experiencing the highest growth rate in the market due to several key reasons. Firstly, there is a rising demand for efficient and fast delivery of goods, driven by the growth of e-commerce and on-demand services. EVTOLs offer the potential for expedited delivery by bypassing traditional ground transportation constraints and congested road networks. Additionally, cargo transport EVTOLs can operate beyond existing infrastructure, enabling direct delivery to remote or challenging-to-reach locations. Furthermore, the higher profit margins associated with cargo transport make it an attractive market segment for investment and innovation. Overall, the combination of speed, flexibility, and profitability positions cargo transport as the leading growth driver in the EVTOL market.

“Based on the Propulsion type, the Hybrid segment is projected to grow at the highest rate during the forecast period.”
Based on Propulsion Type, the eVTOL Aircraft market has been segmented into fully electric, hybrid, and electric hydrogen. The hybrid mode of propulsion based on the EVTOL propulsion type is experiencing the highest growth rate in the market due to several compelling factors. Firstly, hybrid propulsion combines the benefits of electric power, such as lower emissions and quieter operations, with the extended range and faster refueling capabilities of conventional fuel-based systems. This versatility appeals to a wide range of applications, including longer-distance travel and intercity connections. Secondly, the hybrid approach addresses the limitations of fully electric or conventional propulsion, providing a balanced solution that meets regulatory requirements and operational needs. Lastly, advancements in hybrid propulsion technology, including improved energy storage and power management systems, have enhanced performance and reliability, further driving the adoption and growth of this propulsion type in the EVTOL market.


“Asia Pacific is projected to grow at the highest CAGR during the forecast period.”

The APAC region is estimated to account for the highest growth rate in the eVTOL Aircraft market during the forecast period. In this region, the eVTOL Aircraft market has been studied for China, India, Japan, Australia, South Korea, and the Rest of APAC. Countries in the Asia Pacific region are upgrading their capabilities by undergoing developments in the field of eVTOL Aircraft. The region's dense population and expanding urban areas necessitate innovative transportation solutions to combat traffic congestion, making EVTOLs an attractive option with their vertical takeoff and landing capabilities. Secondly, countries like China, Japan, and South Korea have made significant investments in technological advancements and innovation, fostering a conducive environment for EVTOL development. Government support through favorable policies, regulations, and infrastructure development further bolsters the growth prospects of the industry. The region's flourishing e-commerce market and rising middle-class population also drive the demand for expedited deliveries and efficient transportation options, which EVTOLs can provide. Moreover, Asia-Pacific economies increasingly prioritize sustainability and carbon emission reduction, aligning with EVTOLs' electrically powered nature and positioning them as a preferred choice for consumers and governments. With these factors combined, the Asia-Pacific region is well-positioned to witness substantial growth in the EVTOL market as it addresses the pressing transportation challenges, harnesses technological advancements, and embraces sustainability goals.

The break-up of the profile of primary participants in the ultralight and light aircraft market:

• By Company Type: Tier 1 – 49%, Tier 2 – 37%, and Tier 3 – 14%
• By Designation: C Level – 55%, Director Level – 27%, and Others – 18%
• By Region: North America – 45%, Europe – 27%, Asia Pacific –16%, Middle East- 7% Latin America- 3%, Africa- 2%.

Major players operating in the eVTOL Aircraft market are Jaunt Air Mobility (US), Lilium (Germany), Volocopter (Germany), and EHang (China), among others.

Research Coverage:

This research report categorizes the eVTOL Aircraft market basis of Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise), By Propulsion Type (Fully Electric, Hybrid, Electric Hydrogen), System (Batteries & Cells, Electric Motors/Engine, Aerostructures, Avionics, Software, Others (Actuators, Distribution Devices)), Mode of Operation (Piloted, Autonomous), Application (Air Taxis, Air Shuttles & Air Metro, Private Transport, Cargo Transport, Air Ambulance & Medical Emergency Last Mile Delivery, Inspection & Monitoring, Surveying & Mapping, Spraying & Seeding, Special Mission), MTOW ( < 250 Kg, 250 – 1000 Kg, 1000 – 2000 Kg, > 2000 Kg), Range ( < 200 Km, > 200 Km) in these segments have been mapped across major Regions (North America, Europe, Asia Pacific, Middle East, Africa & Latin America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the eVTOL Aircraft market. A detailed analysis of the key industry players has been done to provide insights into their business overviews; solutions and services; key strategies; agreements, collaborations, new product launches, contracts, expansion, acquisitions, and partnerships associated with the eVTOL Aircraft market. Competitive analysis of upcoming startups in the eVTOL Aircraft market ecosystem is covered in this report.


Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall eVTOL Aircraft market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.


The report provides insights on the following pointers:
• Market Penetration: Comprehensive information on eVTOL Aircraft offered by the top players in the market

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the eVTOL Aircraft market

• Market Development: Comprehensive information about lucrative markets – the report analyzes the eVTOL Aircraft market across varied regions

• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the eVTOL Aircraft market.

• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players in the eVTOL Aircraft market.

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Table of Contents

1 INTRODUCTION 34 1.1 STUDY OBJECTIVES 34 1.2 MARKET DEFINITION 34 1.3 MARKET SCOPE 35 1.3.1 MARKETS COVERED 35 FIGURE 1 EVTOL AIRCRAFT MARKET SEGMENTATION 35 1.3.2 YEARS CONSIDERED 35 1.3.3 REGIONAL SCOPE 36 1.4 INCLUSIONS AND EXCLUSIONS 36 TABLE 1 INCLUSIONS AND EXCLUSIONS IN EVTOL AIRCRAFT MARKET 36 1.5 CURRENCY CONSIDERED 36 1.6 LIMITATIONS 37 1.7 MARKET STAKEHOLDERS 37 1.8 SUMMARY OF CHANGES 38 2 RESEARCH METHODOLOGY 39 2.1 RESEARCH DATA 39 FIGURE 2 REPORT PROCESS FLOW 39 FIGURE 3 RESEARCH DESIGN 40 2.1.1 SECONDARY DATA 40 2.1.2 PRIMARY DATA 41 2.1.2.1 Key primary sources 41 2.1.2.2 Key primary insights 41 2.2 MARKET SIZE ESTIMATION 42 2.2.1 SEGMENTS AND SUBSEGMENTS 42 2.3 RESEARCH APPROACH AND METHODOLOGY 43 2.3.1 BOTTOM-UP APPROACH 43 2.3.1.1 Market size estimation 43 FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (DEMAND-SIDE) 44 FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH (SUPPLY-SIDE) 44 2.3.2 TOP-DOWN APPROACH 44 FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH 45 2.4 DATA TRIANGULATION AND VALIDATION 45 FIGURE 7 DATA TRIANGULATION 45 2.4.1 TRIANGULATION THROUGH PRIMARY AND SECONDARY RESEARCH 46 2.5 GROWTH RATE FACTORS 46 2.6 RISKS 46 2.7 RESEARCH ASSUMPTIONS 46 3 EXECUTIVE SUMMARY 47 FIGURE 8 BATTERIES AND CELLS TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023 47 FIGURE 9 EVTOL AIRCRAFT, BY LIFT TECHNOLOGY, 2023 47 FIGURE 10 FULLY ELECTRIC SEGMENT TO DOMINATE MARKET IN 2023 48 FIGURE 11 EVTOL AIRCRAFT MARKET IN LATIN AMERICA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 48 4 PREMIUM INSIGHTS 50 4.1 OVERVIEW OF ATTRACTIVE OPPORTUNITIES IN EVTOL AIRCRAFT MARKET 50 FIGURE 12 GROWING NEED FOR CLEANER AND QUIETER AIRCRAFT TO DRIVE MARKET DURING FORECAST PERIOD 50 4.2 EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION 50 FIGURE 13 AUTONOMOUS SEGMENT PROJECTED TO LEAD MARKET FROM 2023 TO 2030 50 4.3 EVTOL AIRCRAFT MARKET, BY MTOW 51 FIGURE 14 100-1,000 KG SEGMENT PROJECTED TO HAVE HIGHEST SHARE DURING FORECAST PERIOD 51 4.4 EVTOL AIRCRAFT MARKET, BY RANGE 51 FIGURE 15 <=200 KM SEGMENT PROJECTED TO ACCOUNT FOR HIGHEST MARKET SHARE DURING FORECAST PERIOD 51 4.5 EVTOL AIRCRAFT MARKET, BY TOP COUNTRIES 52 FIGURE 16 EVTOL AIRCRAFT MARKET IN NETHERLANDS TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 52 5 MARKET OVERVIEW 53 5.1 INTRODUCTION 53 5.2 MARKET DYNAMICS 54 FIGURE 17 EVTOL AIRCRAFT MARKET DYNAMICS 54 5.2.1 DRIVERS 54 5.2.1.1 Growing need for green energy and noise-free aircraft 54 5.2.1.2 Increasing demand for alternative mode of transport 55 FIGURE 18 GROWING POPULATION ACROSS REGIONS TO INCREASE DEMAND FOR ALTERNATIVE MODE OF TRANSPORTATION 55 5.2.1.3 Improving technologies in batteries, motors, and power electronics 56 5.2.2 RESTRAINTS 57 5.2.2.1 Battery failures due to high voltage and thermal issues 57 5.2.2.2 Crash due to software failures 57 5.2.2.3 Certification issues 58 FIGURE 19 EVTOL CERTIFICATION ECOSYSTEM 58 5.2.3 OPPORTUNITIES 58 5.2.3.1 Strategic developments 58 5.2.3.2 Upcoming application areas 59 5.2.4 CHALLENGES 59 5.2.4.1 Safety issues 59 5.2.4.2 Lack of regulatory standards 60 5.3 VALUE CHAIN ANALYSIS 60 FIGURE 20 EVTOL AIRCRAFT MARKET: VALUE CHAIN ANALYSIS 60 5.3.1 RAW MATERIALS 61 5.3.2 R&D 61 5.3.3 COMPONENT MANUFACTURING 61 5.3.4 OEMS 61 5.3.5 END USERS 61 5.4 EVTOL AIRCRAFT MARKET ECOSYSTEM 61 5.4.1 PROMINENT COMPANIES 61 5.4.2 PRIVATE AND SMALL ENTERPRISES 62 5.4.3 END USERS 62 FIGURE 21 EVTOL AIRCRAFT MARKET ECOSYSTEM 62 TABLE 2 EVTOL AIRCRAFT MARKET ECOSYSTEM 62 5.5 DISRUPTION IMPACTING CUSTOMER’S BUSINESS 63 FIGURE 22 EVTOL AIRCRAFT MARKET ECOSYSTEM 63 5.6 TRADE DATA ANALYSIS 64 5.7 PORTER’S FIVE FORCES ANALYSIS 65 TABLE 3 PORTER’S FIVE FORCES ANALYSIS 65 5.7.1 THREAT OF NEW ENTRANTS 66 5.7.2 THREAT OF SUBSTITUTES 66 5.7.3 BARGAINING POWER OF SUPPLIERS 66 5.7.4 BARGAINING POWER OF BUYERS 66 5.7.5 INTENSITY OF COMPETITIVE RIVALRY 66 5.8 AVERAGE SELLING PRICE 67 TABLE 4 AVERAGE SELLING PRICE: EVTOL MARKET, BY LIFT TECHNOLOGY 67 5.9 VOLUME ANALYSIS 67 TABLE 5 EVTOL AIRCRAFT MARKET, BY VOLUME, 2020–2022 (USD MILLION) 67 TABLE 6 EVTOL AIRCRAFT MARKET, BY VOLUME, 2020–2030 (USD MILLION) 67 5.10 TECHNOLOGY ANALYSIS 67 5.10.1 LITHIUM-SULFUR BATTERIES 67 5.10.2 HYDROGEN FUEL CELLS 68 5.11 TARIFF AND REGULATORY LANDSCAPE 68 5.11.1 THE EUROPEAN UNION AVIATION SAFETY AGENCY (EASA) REGULATION 68 5.11.2 FEDERAL AVIATION ADMINISTRATION (FAA) REGULATION 68 5.12 KEY CONFERENCES AND EVENTS, 2023–2024 69 TABLE 7 EVTOL AIRCRAFT MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 69 6 INDUSTRY TRENDS 73 6.1 INTRODUCTION 73 6.2 EMERGING TRENDS 73 6.2.1 ARTIFICIAL INTELLIGENCE (AI) 73 6.2.2 BIG DATA ANALYTICS 74 6.2.3 INTERNET OF THINGS (IOT) 74 6.2.4 CYCLOROTOR EVTOL 75 6.2.5 URBAN AIR MOBILITY 75 6.2.6 ENERGY HARVESTING 75 6.3 CASE STUDIES 76 6.3.1 BETA TECHNOLOGIES DEVELOPED EVTOL AIRCRAFT WITH MICROSTRAIN SENSORS BY PARKER LORD 76 6.3.2 JOBY AEROSPACE COMPLETED ALL-ELECTRIC FLIGHT WITH ELECTRIC VERTICAL TAKE-OFF AIR TAXI 76 6.4 SUPPLY CHAIN ANALYSIS 76 FIGURE 23 SUPPLY CHAIN ANALYSIS 77 6.5 IMPACT OF MEGATREND 77 6.6 INNOVATIONS AND PATENT ANALYSIS 78 TABLE 8 INNOVATION AND PATENT REGISTRATIONS, 2019–2023 78 7 EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY 80 7.1 INTRODUCTION 81 FIGURE 24 VECTORED THRUST SEGMENT PROJECTED TO LEAD EVTOL AIRCRAFT MARKET DURING FORECAST PERIOD 81 TABLE 9 EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 81 TABLE 10 EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 81 7.2 VECTORED THRUST 82 7.2.1 BETTER EVTOL MANEUVERABILITY FOR OPTIMAL BUSINESS APPLICATIONS TO DRIVE MARKET 82 7.3 MULTIROTOR 82 7.3.1 UTILIZATION IN SHORT-RANGE OPERATIONS TO FUEL GROWTH 82 7.4 LIFT PLUS CRUISE 83 7.4.1 INCREASING ADOPTION BY LEADING EVTOL MANUFACTURERS TO DRIVE MARKET 83 8 EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE 84 8.1 INTRODUCTION 85 FIGURE 25 FULLY ELECTRIC SEGMENT PROJECTED TO LEAD MARKET FOR EVTOL AIRCRAFT DURING FORECAST PERIOD 85 TABLE 11 EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 85 TABLE 12 EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 85 8.2 FULLY ELECTRIC 86 8.2.1 SILENT AND EMISSION-FREE PROPULSION TO DRIVE MARKET 86 8.3 HYBRID ELECTRIC 86 8.3.1 LONGER RANGE AND LARGER TAKE-OFF WEIGHT CAPABILITIES TO BOOST MARKET 86 8.4 HYDROGEN ELECTRIC 87 8.4.1 HIGH EFFICIENCY, LOW NOISE, AND LOW VIBRATION TO FUEL GROWTH 87 9 EVTOL AIRCRAFT MARKET, BY SYSTEM 88 9.1 INTRODUCTION 89 FIGURE 26 BATTERIES AND CELLS SEGMENT TO LEAD EVTOL MARKET DURING FORECAST PERIOD 89 TABLE 13 EVTOL AIRCRAFT MARKET, BY SYSTEM, 2020–2022 (USD MILLION) 89 TABLE 14 EVTOL AIRCRAFT MARKET, BY SYSTEM, 2023–2030 (USD MILLION) 90 9.2 BATTERIES AND CELLS 90 9.2.1 ADVANCEMENTS OFFERING HIGH POWER DENSITY TO FUEL MARKET 90 9.3 ELECTRIC MOTORS/ENGINES 90 9.3.1 BETTER POWER DENSITY AND LONGER RANGE TO DRIVE MARKET 90 9.4 AEROSTRUCTURES 91 9.4.1 ENHANCED PERFORMANCE AND ENERGY AND LOWER COSTS TO BOOST MARKET 91 9.5 AVIONICS 91 9.5.1 ADVANCED AVIONICS FOR URBAN AIR TO DRIVE MARKET 91 9.6 SOFTWARE 91 9.6.1 INCREASED USAGE IN EVTOL AIRCRAFT TO DRIVE MARKET 91 9.7 OTHER SOLUTIONS 92 9.7.1 LOWER WEIGHT AND BETTER RELIABILITY TO DRIVE MARKET 92 10 EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION 93 10.1 INTRODUCTION 94 FIGURE 27 PILOTED SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 94 TABLE 15 EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION, 2020–2022 (USD MILLION) 94 TABLE 16 EVTOL AIRCRAFT MARKET, BY MODE OF OPERATION, 2023–2030 (USD MILLION) 94 10.2 PILOTED 95 10.2.1 NEED FOR QUICK TRANSPORTATION TO DRIVE MARKET 95 10.3 AUTONOMOUS 95 10.3.1 ADVANCED ALGORITHMS AND REAL-TIME SITUATIONAL AWARENESS TO INCREASE ADOPTION 95 11 EVTOL AIRCRAFT MARKET, BY APPLICATION 96 11.1 INTRODUCTION 97 FIGURE 28 LAST MILE DELIVERY SEGMENT PROJECTED TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 97 TABLE 17 EVTOL AIRCRAFT MARKET, BY APPLICATION, 2020–2022 (USD MILLION) 98 TABLE 18 EVTOL AIRCRAFT MARKET, BY APPLICATION, 2023–2030 (USD MILLION) 98 11.2 AIR TAXIS 99 11.2.1 RAPIDLY EXPANDING MEGACITIES TO INCREASE DEMAND 99 11.3 AIR SHUTTLES AND AIR METROS 99 11.3.1 RAPID TRANSPORTATION BETWEEN LARGE METROPOLITAN AREAS TO FUEL MARKET 99 11.4 PRIVATE TRANSPORT 99 11.4.1 SPEED AND ROUTING EFFICIENCIES TO BOOST MARKET 99 11.5 CARGO TRANSPORT 100 11.5.1 DEVELOPMENT OF CARGO TRANSPORT URBAN AIR MOBILITY APPLICATIONS TO DRIVE MARKET 100 11.6 AIR AMBULANCE AND MEDICAL EMERGENCY 100 11.6.1 ORGAN TRANSPORT AND EMERGENCY MEDICAL SERVICES TO DRIVE MARKET 100 11.7 LAST MILE DELIVERY 100 11.7.1 INCREASED DEMAND FOR CONTACTLESS DELIVERIES TO DRIVE MARKET 100 11.8 INSPECTION AND MONITORING 100 11.8.1 DRONES EQUIPPED WITH MULTISPECTRAL SENSORS USED ACROSS INDUSTRIES TO BOOST MARKET 100 11.9 SURVEYING AND MAPPING 101 11.9.1 FASTER COLLECTION OF TOPOGRAPHIC DATA WITH LOWER WORKFORCE TO FUEL MARKET 101 11.10 SURVEILLANCE 101 11.10.1 HI-TECH EVTOLS WITH HIGHLY ADVANCED SURVEILLANCE CAPABILITIES TO DRIVE MARKET 101 11.11 SPECIAL MISSION 102 11.11.1 INCREASED ADOPTION FOR CRITICAL MISSIONS TO DRIVE MARKET 102 11.12 OTHER APPLICATIONS 102 11.12.1 RECREATIONAL APPLICATIONS TO DRIVE MARKET 102 12 EVTOL AIRCRAFT MARKET, BY MTOW 103 12.1 INTRODUCTION 104 FIGURE 29 EVTOL AIRCRAFT WITH MTOW OF 1,001-2,000 KG TO GROW AT HIGHEST RATE DURING FORECAST PERIOD 104 TABLE 19 EVTOL AIRCRAFT MARKET, BY MTOW, 2020–2022 (USD MILLION) 104 TABLE 20 EVTOL AIRCRAFT MARKET, BY MTOW, 2023–2030 (USD MILLION) 104 12.2 <100 KG 105 12.2.1 SHORT MILE APPLICATIONS TO DRIVE MARKET 105 12.3 100–1,000 KG 105 12.3.1 INCREASED CARGO TRANSPORTATION TO BOOST MARKET 105 12.4 1,001–2,000 KG 105 12.4.1 INTERCITY TRANSPORT OF PASSENGERS AND CARGO TO FUEL MARKET 105 12.5 >2,000 KG 106 12.5.1 DEMAND FOR INTRACITY TRANSPORTATION OF HEAVY CARGO TO DRIVE MARKET 106 13 EVTOL AIRCRAFT MARKET, BY RANGE 107 13.1 INTRODUCTION 108 FIGURE 30 >200 KM SEGMENT PROJECTED TO LEAD MARKET DURING FORECAST PERIOD 108 TABLE 21 EVTOL AIRCRAFT MARKET, BY RANGE, 2020–2022 (USD MILLION) 108 TABLE 22 EVTOL AIRCRAFT MARKET, BY RANGE, 2023–2030 (USD MILLION) 108 13.2 <=200 KM 109 13.2.1 INTRACITY TRAVEL USING URBAN AIR MOBILITY SERVICES TO DRIVE MARKET 109 13.3 >200 KM 109 13.3.1 HIGHER BATTERY CAPACITY TO BOOST DEMAND 109 14 EVTOL AIRCRAFT MARKET, REGIONAL ANALYSIS 110 14.1 INTRODUCTION 111 FIGURE 31 EVTOL AIRCRAFT MARKET: REGIONAL SNAPSHOT 111 TABLE 23 EVTOL AIRCRAFT MARKET, BY REGION, 2020–2022 (USD MILLION) 111 TABLE 24 EVTOL AIRCRAFT MARKET, BY REGION, 2023–2030 (USD MILLION) 112 14.2 NORTH AMERICA 112 FIGURE 32 NORTH AMERICA: EVTOL AIRCRAFT MARKET SNAPSHOT 113 14.2.1 NORTH AMERICA: PESTLE ANALYSIS 113 TABLE 25 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 114 TABLE 26 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 115 TABLE 27 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 115 TABLE 28 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 115 TABLE 29 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 115 TABLE 30 NORTH AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 116 14.2.2 US 116 14.2.2.1 Presence of leading OEMs to drive market 116 TABLE 31 US: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 116 TABLE 32 US: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 117 TABLE 33 US: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 117 TABLE 34 US: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 117 14.2.3 CANADA 117 14.2.3.1 Aircraft modernization programs to boost market 117 TABLE 35 CANADA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 118 TABLE 36 CANADA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 118 TABLE 37 CANADA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 118 TABLE 38 CANADA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 118 14.3 EUROPE 119 FIGURE 33 EUROPE: EVTOL AIRCRAFT MARKET SNAPSHOT 119 14.3.1 EUROPE: PESTLE ANALYSIS 120 TABLE 39 EUROPE: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 121 TABLE 40 EUROPE: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 121 TABLE 41 EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 121 TABLE 42 EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 122 TABLE 43 EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 122 TABLE 44 EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 122 14.3.2 UK 122 14.3.2.1 Technological advancements in air travel to drive market 122 TABLE 45 UK: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 123 TABLE 46 UK: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 123 TABLE 47 UK: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 123 TABLE 48 UK: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 123 14.3.3 FRANCE 124 14.3.3.1 Significant investments in aviation industry to boost market 124 TABLE 49 FRANCE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 124 TABLE 50 FRANCE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 124 TABLE 51 FRANCE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 124 TABLE 52 FRANCE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 125 14.3.4 GERMANY 125 14.3.4.1 Rising investments in air travel and connectivity to fuel market 125 TABLE 53 GERMANY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 125 TABLE 54 GERMANY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 125 TABLE 55 GERMANY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 126 TABLE 56 GERMANY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 126 14.3.5 SWITZERLAND 126 14.3.5.1 Increasing development toward zero-carbon emission goal to fuel market 126 TABLE 57 SWITZERLAND: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 126 TABLE 58 SWITZERLAND: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 127 TABLE 59 SWITZERLAND: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 127 TABLE 60 SWITZERLAND: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 127 14.3.6 NETHERLANDS 127 14.3.6.1 Strategic partnerships in UAM ecosystem to boost market 127 TABLE 61 NETHERLANDS: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 128 TABLE 62 NETHERLANDS: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 128 TABLE 63 NETHERLANDS: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 128 TABLE 64 NETHERLANDS: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 128 14.3.7 REST OF EUROPE 129 14.3.7.1 Presence of leading manufacturers and need to reduce carbon footprint to drive market 129 TABLE 65 REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 129 TABLE 66 REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 129 TABLE 67 REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 129 TABLE 68 REST OF EUROPE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 130 14.4 MIDDLE EAST 130 FIGURE 34 MIDDLE EAST: EVTOL AIRCRAFT MARKET SNAPSHOT 131 14.4.1 MIDDLE EAST: PESTLE ANALYSIS 131 TABLE 69 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 132 TABLE 70 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 133 TABLE 71 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 133 TABLE 72 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 133 TABLE 73 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 134 TABLE 74 MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 134 14.4.2 ISRAEL 134 14.4.2.1 Increased spending on R&D for UAVs for military and commercial applications to drive market 134 TABLE 75 ISRAEL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 135 TABLE 76 ISRAEL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 135 TABLE 77 ISRAEL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 135 TABLE 78 ISRAEL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 135 14.4.3 UAE 136 14.4.3.1 Increased focus on efficient urban air mobility ecosystem to boost market 136 TABLE 79 UAE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 136 TABLE 80 UAE: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 136 TABLE 81 UAE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 136 TABLE 82 UAE: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 137 14.4.4 SAUDI ARABIA 137 14.4.4.1 Increased investments in eVTOL technology to boost market 137 TABLE 83 SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 137 TABLE 84 SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 137 TABLE 85 SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 138 TABLE 86 SAUDI ARABIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 138 14.4.5 TURKEY 138 14.4.5.1 Increased spending on technologically advanced UAVs and eVTOL aircraft to boost market 138 TABLE 87 TURKEY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 138 TABLE 88 TURKEY: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 139 TABLE 89 TURKEY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 139 TABLE 90 TURKEY: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 139 14.4.6 REST OF MIDDLE EAST 139 14.4.6.1 Increasing military spending to fuel market 139 TABLE 91 REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 140 TABLE 92 REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 140 TABLE 93 REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 140 TABLE 94 REST OF MIDDLE EAST: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 140 14.5 ASIA PACIFIC 141 FIGURE 35 ASIA PACIFIC: EVTOL AIRCRAFT MARKET SNAPSHOT 141 14.5.1 ASIA PACIFIC: PESTLE ANALYSIS 142 TABLE 95 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 143 TABLE 96 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 143 TABLE 97 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 143 TABLE 98 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 144 TABLE 99 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 144 TABLE 100 ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 144 14.5.2 CHINA 144 14.5.2.1 Increasing domestic travel and air traffic to drive market 144 TABLE 101 CHINA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 145 TABLE 102 CHINA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 145 TABLE 103 CHINA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 145 TABLE 104 CHINA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 145 14.5.3 INDIA 146 14.5.3.1 Five-year modernization plan for armed forces to boost market 146 TABLE 105 INDIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 146 TABLE 106 INDIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 146 TABLE 107 INDIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 146 TABLE 108 INDIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 147 14.5.4 JAPAN 147 14.5.4.1 In-house development of eVTOL aircraft to drive market 147 TABLE 109 JAPAN: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 147 TABLE 110 JAPAN: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 147 TABLE 111 JAPAN: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 148 TABLE 112 JAPAN: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 148 14.5.5 AUSTRALIA 148 14.5.5.1 Increased air traffic and new aircraft deliveries to fuel market 148 TABLE 113 AUSTRALIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 148 TABLE 114 AUSTRALIA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 149 TABLE 115 AUSTRALIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 149 TABLE 116 AUSTRALIA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 149 14.5.6 SOUTH KOREA 149 14.5.6.1 Growing commercialization of urban taxis and fully autonomous UAM to drive market 149 TABLE 117 SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 150 TABLE 118 SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 150 TABLE 119 SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 150 TABLE 120 SOUTH KOREA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 150 14.5.7 REST OF ASIA PACIFIC 151 14.5.7.1 Increased UAM investment and military spending to drive market 151 TABLE 121 REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 151 TABLE 122 REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 151 TABLE 123 REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 151 TABLE 124 REST OF ASIA PACIFIC: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 152 14.6 LATIN AMERICA 152 FIGURE 36 LATIN AMERICA: EVTOL AIRCRAFT MARKET SNAPSHOT 152 14.6.1 LATIN AMERICA: PESTLE ANALYSIS 153 TABLE 125 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2020–2022 (USD MILLION) 154 TABLE 126 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY COUNTRY, 2023–2030 (USD MILLION) 154 TABLE 127 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 154 TABLE 128 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 154 TABLE 129 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 155 TABLE 130 LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 155 14.6.2 BRAZIL 155 14.6.2.1 Huge investments from manufacturing companies to drive market 155 TABLE 131 BRAZIL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 155 TABLE 132 BRAZIL: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 156 TABLE 133 BRAZIL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 156 TABLE 134 BRAZIL: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 156 14.6.3 MEXICO 156 14.6.3.1 Growing demand for urban air mobility to fuel market 156 TABLE 135 MEXICO: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 157 TABLE 136 MEXICO: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 157 TABLE 137 MEXICO: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 157 TABLE 138 MEXICO: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 157 14.6.4 REST OF LATIN AMERICA 158 14.6.4.1 Favorable government policies and regulatory developments to boost market 158 TABLE 139 REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 158 TABLE 140 REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 158 TABLE 141 REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 158 TABLE 142 REST OF LATIN AMERICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 159 14.7 AFRICA 159 FIGURE 37 AFRICA: EVTOL AIRCRAFT MARKET SNAPSHOT 159 TABLE 143 AFRICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2020–2022 (USD MILLION) 160 TABLE 144 AFRICA: EVTOL AIRCRAFT MARKET, BY LIFT TECHNOLOGY, 2023–2030 (USD MILLION) 160 TABLE 145 AFRICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2020–2022 (USD MILLION) 160 TABLE 146 AFRICA: EVTOL AIRCRAFT MARKET, BY PROPULSION TYPE, 2023–2030 (USD MILLION) 160 14.7.1 SOUTH AFRICA 161 14.7.1.1 Government support and investment in infrastructure development to drive market 161 14.7.2 NIGERIA 161 14.7.2.1 Growing demand for innovative mobility solutions to drive market 161 14.7.3 REST OF AFRICA 161 14.7.3.1 Rising awareness and interest in sustainable mobility solutions to boost market 161 15 COMPETITIVE LANDSCAPE 162 15.1 INTRODUCTION 162 15.2 RANKING OF LEADING PLAYERS, 2023 162 FIGURE 38 MARKET RANKING OF LEADING PLAYERS IN EVTOL AIRCRAFT MARKET, 2023 162 15.3 MARKET SHARE ANALYSIS, 2022 162 FIGURE 39 MARKET SHARE OF TOP PLAYERS IN EVTOL AIRCRAFT MARKET, 2022 162 FIGURE 40 REVENUE ANALYSIS OF TOP 5 MARKET PLAYERS, 2022 163 15.4 COMPETITIVE OVERVIEW 164 TABLE 147 KEY DEVELOPMENTS BY LEADING PLAYERS IN EVTOL AIRCRAFT MARKET (2021–2023) 164 15.5 COMPANY PRODUCT FOOTPRINT ANALYSIS 165 TABLE 148 COMPANY FOOTPRINT 165 TABLE 149 APPLICATION FOOTPRINT 166 TABLE 150 RANGE FOOTPRINT 167 TABLE 151 SYSTEM FOOTPRINT 168 TABLE 152 REGIONAL FOOTPRINT 169 15.6 COMPANY EVALUATION MATRIX 170 15.6.1 STARS 170 15.6.2 EMERGING LEADERS 170 15.6.3 PERVASIVE PLAYERS 170 15.6.4 PARTICIPANTS 170 FIGURE 41 EVTOL AIRCRAFT MARKET COMPETITIVE LEADERSHIP MAPPING, 2023 171 15.7 STARTUP/SME EVALUATION MATRIX 171 15.7.1 PROGRESSIVE COMPANIES 171 15.7.2 RESPONSIVE COMPANIES 171 15.7.3 DYNAMIC COMPANIES 172 15.7.4 STARTING BLOCKS 172 FIGURE 42 EVTOL AIRCRAFT MARKET: STARTUP/SME COMPETITIVE LEADERSHIP MAPPING, 2023 172 15.7.5 COMPETITIVE BENCHMARKING 173 TABLE 153 EVTOL AIRCRAFT MARKET: DETAILED LIST OF KEY STARTUP/SMES 173 15.8 COMPETITIVE SCENARIO 173 15.8.1 DEALS 173 TABLE 154 DEALS, 2021–2023 173 15.8.2 PRODUCT LAUNCHES 177 16 COMPANY PROFILES 178 16.1 KEY PLAYERS 178 (Business overview, Products offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats)* 16.1.1 AIRBUS SE 178 TABLE 155 AIRBUS SE: COMPANY OVERVIEW 178 FIGURE 43 AIRBUS SE: COMPANY SNAPSHOT 179 TABLE 156 AIRBUS SE: PRODUCTS OFFERED  179 TABLE 157 AIRBUS SE: DEALS 180 16.1.2 ELBIT SYSTEMS LTD. 182 TABLE 158 ELBIT SYSTEMS LTD.: COMPANY OVERVIEW 182 FIGURE 44 ELBIT SYSTEMS LTD.: COMPANY SNAPSHOT 183 TABLE 159 ELBIT SYSTEMS LTD.: PRODUCTS OFFERED  183 TABLE 160 ELBIT SYSTEMS LTD.: DEALS 184 16.1.3 BELL TEXTRON INC. 185 TABLE 161 BELL TEXTRON INC.: COMPANY OVERVIEW 185 FIGURE 45 BELL TEXTRON INC.: COMPANY SNAPSHOT 185 TABLE 162 BELL TEXTRON INC.: PRODUCTS OFFERED  186 16.1.4 EHANG HOLDINGS LTD. 188 TABLE 163 EHANG HOLDINGS LTD.: COMPANY OVERVIEW 188 FIGURE 46 EHANG HOLDINGS LTD.: COMPANY SNAPSHOT 189 TABLE 164 EHANG HOLDINGS LTD.: PRODUCTS OFFERED  189 TABLE 165 EHANG HOLDINGS LTD.: DEALS 190 16.1.5 EMBRAER SA 191 TABLE 166 EMBRAER SA: COMPANY OVERVIEW 191 FIGURE 47 EMBRAER SA: COMPANY SNAPSHOT 192 TABLE 167 EMBRAER SA: PRODUCTS OFFERED  192 TABLE 168 EMBRAER SA: DEALS 193 16.1.6 ISRAEL AEROSPACE INDUSTRIES 195 TABLE 169 ISRAEL AEROSPACE INDUSTRIES: COMPANY OVERVIEW 195 FIGURE 48 ISRAEL AEROSPACE INDUSTRIES: COMPANY SNAPSHOT 195 TABLE 170 ISRAEL AEROSPACE INDUSTRIES: PRODUCTS OFFERED  196 16.1.7 PIPISTREL 197 TABLE 171 PIPISTREL: COMPANY OVERVIEW 197 TABLE 172 PIPISTREL: PRODUCTS OFFERED  197 TABLE 173 PIPISTREL: DEALS 198 16.1.8 ELROY AIR 199 TABLE 174 ELROY AIR: COMPANY OVERVIEW 199 TABLE 175 ELROY AIR: PRODUCTS OFFERED  199 TABLE 176 ELROY AIR: DEALS 199 16.1.9 LILIUM GMBH 200 TABLE 177 LILIUM GMBH: COMPANY OVERVIEW 200 TABLE 178 LILIUM GMBH: PRODUCTS OFFERED  200 TABLE 179 LILIUM GMBH: DEALS 200 16.1.10 JOBY AVIATION, INC. 202 TABLE 180 JOBY AVIATION, INC.: COMPANY OVERVIEW 202 TABLE 181 JOBY AVIATION, INC.: PRODUCTS OFFERED  202 TABLE 182 JOBY AVIATION, INC.: DEALS 203 16.1.11 ARCHER AVIATION INC. 204 TABLE 183 ARCHER AVIATION INC.: COMPANY OVERVIEW 204 TABLE 184 ARCHER AVIATION INC.: PRODUCTS OFFERED  204 TABLE 185 ARCHER AVIATION INC.: DEALS 205 16.1.12 VOLOCOPTER GMBH 206 TABLE 186 VOLOCOPTER GMBH: COMPANY OVERVIEW 206 TABLE 187 VOLOCOPTER GMBH: PRODUCTS OFFERED  206 TABLE 188 VOLOCOPTER GMBH: DEALS 207 16.1.13 SZ DJI TECHNOLOGY CO., LTD. 209 TABLE 189 SZ DJI TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 209 TABLE 190 SZ DJI TECHNOLOGY CO., LTD.: PRODUCTS OFFERED  209 16.1.14 SAMAD AEROSPACE 211 TABLE 191 SAMAD AEROSPACE: COMPANY OVERVIEW 211 TABLE 192 SAMAD AEROSPACE: PRODUCTS OFFERED  211 16.1.15 AURORA FLIGHT SCIENCES 212 TABLE 193 AURORA FLIGHT SCIENCES: COMPANY OVERVIEW 212 TABLE 194 AURORA FLIGHT SCIENCES: PRODUCTS OFFERED  212 TABLE 195 AURORA FLIGHT SCIENCES: DEALS 213 16.1.16 VERTICAL AEROSPACE GROUP LTD. 214 TABLE 196 VERTICAL AEROSPACE GROUP LTD.: COMPANY OVERVIEW 214 TABLE 197 VERTICAL AEROSPACE GROUP LTD.: PRODUCTS OFFERED  214 TABLE 198 VERTICAL AEROSPACE GROUP LTD.: DEALS 214 16.1.17 URBAN AERONAUTICS LTD. 216 TABLE 199 URBAN AERONAUTICS LTD.: COMPANY OVERVIEW 216 TABLE 200 URBAN AERONAUTICS LTD.: PRODUCTS OFFERED  216 TABLE 201 URBAN AERONAUTICS LTD.: DEALS 216 16.2 OTHER PLAYERS 217 16.2.1 JAUNT AIR MOBILITY 217 16.2.2 OVERAIR 217 16.2.3 BETA TECHNOLOGIES 218 16.2.4 DELOREAN AEROSPACE 218 16.2.5 SKYDRIVE INC. 218 16.2.6 TERRAFUGIA 219 16.2.7 WISK AERO LLC 219 16.2.8 OPENER, INC. 219 *Details on Business overview, Products offered, Recent developments, MnM view, Right to win, Strategic choices, and Weaknesses and competitive threats might not be captured in case of unlisted companies. 17 APPENDIX 220 17.1 DISCUSSION GUIDE 220 17.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 223 17.3 CUSTOMIZATION OPTIONS 225 17.4 RELATED REPORTS 225 17.5 AUTHOR DETAILS 226