Dublin, March 29, 2019 (GLOBE NEWSWIRE) -- The "eVTOL Aircraft Market by Lift Technology (Vectored Thrust, Multirotor, Lift Plus Cruise), MTOW (<250 KG, 250 - 500 KG, 500 - 1500 KG, >1500 KG), Application, Mode of Operation, Type of Propulsion, Range, and Region - Global Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The eVTOL aircraft market is estimated to be USD 162 million in 2025 and is projected to reach USD 411 million by 2030, at a CAGR of 20.42% during the forecast period.

The demand for enhanced efficiency & human safety and increasing investment activities are expected to drive the market. However, the limited reliability of eVTOLs during transportation and the inability to predict the external environment are expected to hinder the market.

The development of this eVTOL aircraft is aimed at providing quick mobility in urban regions across the world. Rural population around the world is migrating toward urban areas for economic and employment opportunities. According to the Population Division (2017) report of the United Nations Department of Economic and Social Affairs, the world's population is expected to grow to 8.5 billion people by 2030, with 68% of them living in urban areas.

Moreover, in 2018, the urban population around the world increased to 4.2 billion as compared to 751 million in 1950. With a large population dwelling in urban areas, the time spent by a passenger sitting in traffic due to congestion has increased, resulting in the need for quick mobility services.

Companies such as Airbus (France) and Boeing (US) are investing in the research and development of electric and hybrid eVTOL aircraft. Cities around the world are facing transportation challenges due to increasing road traffic, which is causing a major problem for mass transportation. The eVTOL aircraft holds a promising future where an intracity commute of one and a half hour through congested roads could be reduced to 6 minutes.

Moreover, growth in disposable incomes coupled with reducing costs of automobiles for personal use has led to growing concerns for the environment. The growing number of automobiles is one of the prime causes for the increasing percentage of greenhouse gases in the Earth's atmosphere, resulting in global warming. eVTOL aircraft are expected to produce zero fuel emissions as they operate on electric batteries

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the eVTOL Aircraft Market From 2025 to 2030
4.2 eVTOL Aircraft Market, By Application
4.3 eVTOL Aircraft Market, By Type of Propulsion
4.4 eVTOL Aircraft Market, By Country

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Road Traffic Congestion in Urban Areas
5.2.1.2 Need for Quick Transportation
5.2.2 Restraints
5.2.2.1 Certification
5.2.3 Opportunities
5.2.3.1 Need for Mro and Charging Stations at Vertiports
5.2.3.2 Increasing Number of eVTOL Aircraft Pilots
5.2.4 Challenges
5.2.4.1 City Infrastructure
5.2.4.2 Social Acceptance By Consumers
5.2.4.3 Design Complexities

6 Industry Trends
6.1 Introduction
6.2 eVTOL Aircraft Trends in Future
6.2.1 Artificial Intelligence
6.2.2 Big Data Analytics
6.2.3 Internet of Things (IoT)
6.3 eVTOL Aircraft Currently Under Development Phase
6.4 Top Five Companies Offering High-Configuration eVTOL Aircraft
6.5 Emerging Technology Trends in the eVTOL Industry
6.5.1 Detect & Avoid
6.5.2 Increasingly Autonomous System
6.5.3 Distributed Electric Propulsion (DEP)
6.5.4 Advanced Air Traffic Management System for eVTOL Aircraft
6.5.5 Prevention & Recovery Systems for eVTOL Aircraft
6.5.6 Hydrogen Fuel Cell
6.5.7 Leading Edge Asynchronous Propeller Technology
6.5.8 Advanced Battery Power
6.6 Innovations and Patent Registrations, 2015-2018

7 eVTOL Aircraft Market, By Lift Technology
7.1 Introduction
7.2 Vectored Thrust
7.2.1 Designed to Support Long Distance Operations
7.3 Multirotor
7.3.1 Multirotor eVTOLs Will Be Used Mostly for Commercial Applications
7.4 Lift Plus Cruise
7.4.1 Lift Plus Cruise Design has Been Used By Leading eVTOL Manufacturers
7.5 Others (Electric Rotorcraft and Hoverbikes)
7.5.1 Electric Rotorcraft
7.5.1.1 Electric Rotorcraft is an Ultralight Helicopter
7.5.2 Hoverbikes
7.5.2.1 Hoverbikes Would Initially Be Used By Recreational and Homeland Security Sectors

8 eVTOL Aircraft Market, By Application
8.1 Introduction
8.2 Commercial
8.2.1 By Propulsion
8.2.1.1 Fully Electric eVTOLs Will Be Majorly Used for Commercial Transportation Operations
8.2.2 By Lift Technology
8.2.2.1 Driven By Requirement for Quick Intracity Transportation
8.2.3 By Mtow
8.2.3.1 Commercial eVTOL are Being Developed to Carry More Than 1500kg
8.3 Military
8.3.1 By Propulsion
8.3.1.1 in Military Sector Fully Electric and Hybrid eVTOL are Used for the Foremost Operations
8.3.2 By Lift Technology
8.3.2.1 Adoption of Vectored Thrust eVTOLs is Higher in Military Operations
8.3.3 By Mtow
8.3.3.1 eVTOL Carrying 0-250 Kgs are Mostly Used By Military Sector
8.4 Cargo
8.4.1 By Propulsion
8.4.1.1 Huge Investments By Venture Capitalists in Drone Logistics
8.4.2 By Lift Technology
8.4.2.1 Multirotor eVTOLs Will Be Majorly Used for Cargo Operations
8.4.3 By Mtow
8.4.3.1 The Rising Interest in eVTOL Aircraft for the Delivery of Packages

9 eVTOL Aircraft Market, By Type of Propulsion
9.1 Introduction
9.2 Fully Electric
9.2.1 Increasing Demand for Fully Electric Aircraft
9.3 Hybrid
9.3.1 Electric Hybrid Battery Supports Long Distance Travel
9.4 Electric Hydrogen
9.4.1 eVTOL Manufacturers are Developing Better Storage Facilities for the Hydrogen Batteries

10 eVTOL Aircraft Market, By Mtow
10.1 Introduction
10.2 <250 Kilograms
10.2.1 Small eVTOL Aircraft That are Majorly Used in Commercial Applications
10.3 250-500 Kilograms
10.3.1 Close-Range (CR) eVTOL Aircraft and Short-Range (SR) eVTOL Aircraft
10.4 500-1,500 Kilograms
10.4.1 eVTOL Aircraft are Used for Military and Commercial Applications
10.5 1,500 Kilograms and Above
10.5.1 Major eVTOL Manufacturers are Developing This Model

11 eVTOL Aircraft Market, By Mode of Operation
11.1 Introduction
11.2 Optionally Piloted
11.2.1 Increasing Investments By Manufacturers and Government Bodies in the Development of Optionally Piloted eVTOL Aircraft
11.3 Piloted
11.3.1 Dependancy on Pilots to Ensure Safety During Flight Operations

12 eVTOL Aircraft Market, By Range
12.1 Introduction
12.2 0-200 Km
12.2.1 Intracity Commute for Passengers Opting Urban Air Mobility Services
12.3 200-500 Km
12.3.1 eVTOL Will Mostly Be Used for Intercity Commute

13 eVTOL Aircraft Market, By Region

14 Competitive Landscape
14.1 Introduction
14.2 Startups Competitive Leadership Mapping
14.3 Ranking of Key Players, 2022
14.4 Competitive Scenario

15 Company Profile
15.1 Introduction
15.2 A By Airbus
15.3 Aurora Flight Sciences
15.4 Lilium
15.5 Embraer
15.6 Ehang
15.7 Volocopter
15.8 Workhorse
15.9 Pipistrel
15.10 Bell Helicopter
15.11 Neva Aerospace
15.12 Opener
15.13 Kitty Hawk
15.14 Joby Aviation
15.15 Karem Aircraft
15.16 Lift Aircraft

For more information about this report visit https://www.researchandmarkets.com/r/ulwlvn

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

CONTACT: ResearchAndMarkets.com
         Laura Wood, Senior Press Manager
         press@researchandmarkets.com
         For E.S.T Office Hours Call 1-917-300-0470
         For U.S./CAN Toll Free Call 1-800-526-8630
         For GMT Office Hours Call +353-1-416-8900
Related Topics: Aircraft

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.