Wed, Mar 20, 2019
Annual Growth Projected At More Than 20 Percent Through The Forecast Period
According to the new market research report "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", published by MarketsandMarkets, the eVTOL aircraft market is projected to grow from $162 million in 2025 to $411 million by 2030, at a Compound Annual Growth Rate (CAGR) of 20.42% from 2025 to 2030.
The growing demand for an alternative mode of transportation in urban cities due to increasing road traffic congestion globally is a major factor driving market growth.
Based on lift technology, the eVTOL aircraft market has been segmented into vectored thrust, multirotor, and lift plus cruise. The vectored thrust segment is projected to grow at the highest CAGR from 2025 to 2030. This projected growth can be attributed to the higher efficiency and endurance achieved by eVTOL aircraft due to the vectored thrust technology. With significant investments pouring into the development of drone infrastructure, the possibility of using drones for passenger and cargo transport is on the rise. The capability of the vectored thrust technology to support eVTOL aircraft operations for longer distances as compared to other lift technologies is expected to grow this segment at a higher rate.
Based on mode of operation, the eVTOL aircraft market has been segmented into piloted and optionally piloted. The optionally piloted segment is projected to grow at a higher CAGR than the piloted segment during the forecast period. The growing demand for autonomous eVTOLs for commercial application is expected to drive this segment. Autonomous aerial vehicles can be used in several areas of operations. These vehicles are programmable autonomous robots that can carry out tasks at high altitudes with increased power capacity.
(Source: MarketsandMarkets news release. Images from file)
More News
Also: Outlaw Prop 4 Mooney, Ready 4 Duty, Ukrainian F-16 Pilot Lost, Blue Origin Flt On his journey to become the first pilot to land solo on all seven continents, 19-year-old Etha>[...]
Also: DarkAero Update, Electric Aircraft Symposium, Updated Instructor Guide, OSH Homebuilts Celebrate The long-awaited Sonex High Wing prototype has flown... the Sonex gang tells >[...]
Discrete Code As used in the Air Traffic Control Radar Beacon System (ATCRBS), any one of the 4096 selectable Mode 3/A aircraft transponder codes except those ending in zero zero; >[...]
From 2023 (YouTube Edition): Deviation from the Historical Mean Racine, Wisconsin-based DeltaHawk is a privately-held manufacturer of reciprocating engines for aircraft and hybrid >[...]
Aero Linx: Formation and Safety Team (F.A.S.T.), USA The Formation and Safety Team (FAST) is a worldwide, educational organization dedicated to teaching safe formation flying in Wa>[...]
Airborne 07.02.25: TikToker Arrested, Vietnam A/L Ground Hit, ATC Modernization
See All