Electric VTOL Aircraft Market

Global Electric VTOL (eVTOL) Aircraft Market Focus on Technology, Components, Operations, Energy Source, Infrastructure, Applications, and End User– Analysis and Forecast, 2025-2035 December 2019 TOC

Global Electric VTOL (eVTOL) Aircraft Market

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Global Electric VTOL (eVTOL) Aircraft Market

Preface The global eVTOL aircraft market is expected to witness a significant growth over the forecast period 2025-2035, owing to the rising demand for efficient transportation. eVTOL aircraft provides safe and efficient transportation using piloted and optionally piloted aircraft for intracity and intercity travel.

Stakeholders in the eVTOL aircraft market are investing heavily in the development and infrastructure needed for the adoption of eVTOL aircraft. The eVTOL aircraft is expected to be used for several operations, such as emergency medical evacuations, news gathering, goods delivery, rescue operations, and passenger transport. The factors influencing the demand of the eVTOL aircraft include growing smart city investments for the eVTOL aircraft and increasing human intervention for intracity and intercity operations.

The research is based on extensive primary interviews (in-house experts, industry leaders, and market players), and secondary research (a host of paid and unpaid databases), along with the analytical tools that have been used to build the forecast and the predictive models.

This study has been designed to answer some of the most crucial questions of the global eVTOL aircraft market: ▪ What are the major driving forces that are expected to increase the demand for the global eVTOL aircraft market during the forecast period, 2025-2035?

▪ What are the major challenges expected to inhibit the growth of the global eVTOL aircraft market?

▪ Who are the key players in the global eVTOL aircraft market, and what is their competitive benchmarking?

▪ What is the expected revenue to be generated by the global eVTOL aircraft market by segment (technology, component, operation, energy source, application, infrastructure, and end user) in 2025, and what are the estimates by 2035?

▪ How is each segment of the global eVTOL aircraft market expected to grow during the forecast period, and what is the expected revenue to be generated by each of the segments by the end of 2035?

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Global Electric VTOL (eVTOL) Aircraft Market

▪ What are the expected trends in the global eVTOL aircraft market across different regions, market value in 2025, and estimates by 2035?

▪ What are the new strategies adopted by the existing market players to make a mark in the industry?

The report is a compilation of various segmentations including market breakdown by aircraft type, technology, components, operations, energy source, applications, infrastructure, and end user. The report highlights the key driving and restraining forces for this market. It is based on discussions and interviews with the top management of leading eVTOL aircraft manufacturers and end users.

Therefore, this report segments the market accordingly and offers a region-wise analysis for North America (the U.S. and Canada), Europe (the U.K., Germany, France and Italy), Asia-Pacific (China, Singapore, Japan and Australia), Rest-of-the-World (Brazil and the U.A.E). Each region analysis details the individual push and pull forces in addition to the key players from that region.

BIS Aerospace & Defense December 2019

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Global Electric VTOL (eVTOL) Aircraft Market

Table of Contents Executive Summary……………………………………………...…………….21 1.

Market Dynamics ....................................................................................................34 1.1

1.2

1.3

2.

2.2

4.

1.1.1

Increasing Road Traffic Congestion in Urban Area.....................35

1.1.2

Need for Faster and Efficient Transportation ..............................37

Market Challenges ........................................................................................37 1.2.1

Lack of Required Infrastructure ....................................................37

1.2.2

Social Acceptance ..........................................................................38

Market Opportunities ....................................................................................38 1.3.1

Growing Smart City Investment ....................................................38

1.3.2

Increasing Demand for Charging Stations or Vertiports ............40

Competitive Insights ..............................................................................................41 2.1

3.

Market Drivers ...............................................................................................35

Key Strategies and Developments ..............................................................41 2.1.1

Partnerships, Agreements, and Contracts ...................................43

2.1.2

Acquisitions and Funding .............................................................44

2.1.3

Product Launches ..........................................................................45

2.1.4

Other Developments ......................................................................46

Competitive Benchmarking ..........................................................................47

Industry Analysis ....................................................................................................49 3.1

Industry Overview .........................................................................................49

3.2

Current Status of eVTOL Industry ...............................................................50

3.3

Comparison of Electric and Conventional Aircrafts ..................................52

3.4

Investment Scenario: Start-ups and Stakeholders in Global eVTOL Aircraft Market ...............................................................................................53

3.5

Leading Manufacturers, Products, and Technical Specifications ............58

3.6

Supply Chain Analysis..................................................................................62

Global Electric VTOL (eVTOL) Aircraft Market .....................................................64 4.1

Assumptions and Limitations ......................................................................64

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Global Electric VTOL (eVTOL) Aircraft Market

4.2 5.

6.

Market Overview ............................................................................................65

Global Electric VTOL (eVTOL) Aircraft Market (by Technology) ........................66 5.1

Market Overview ............................................................................................66

5.2

Rotorcraft .......................................................................................................67 5.2.1

Single Rotor ....................................................................................68

5.2.2

Multi-Rotor Aircraft.........................................................................69

5.3

Vectored Thrust .............................................................................................70

5.4

Lift + Cruise ...................................................................................................71

5.5

Hoverbikes .....................................................................................................72

Global Electric VTOL (eVTOL) Aircraft Market (by Component) ........................74 6.1

Market Overview ............................................................................................74

6.2

Sensors ..........................................................................................................75

6.3

Airframes .......................................................................................................76

6.4

Camera ...........................................................................................................77

6.5

LIDAR .............................................................................................................78

6.6

Radar ..............................................................................................................79

6.7

Battery ............................................................................................................80

6.8

Motor ..............................................................................................................81

6.9

INS/IMU...........................................................................................................82

6.10 GPS/GNSS .....................................................................................................83 7.

8.

9.

Global Electric VTOL (eVTOL) Aircraft Market (by Energy Source) ...................85 7.1

Market Overview ............................................................................................85

7.2

Battery ............................................................................................................92

7.3

Hybrid .............................................................................................................93

7.4

Hydrogen .......................................................................................................94

Global Electric VTOL (eVTOL) Aircraft Market (by Operation) ...........................96 8.1

Market Overview ............................................................................................96

8.2

Piloted ............................................................................................................96

8.3

Optionally Piloted ..........................................................................................98

Global Electric VTOL (eVTOL) Aircraft Market (by Application) .......................100

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Global Electric VTOL (eVTOL) Aircraft Market

9.1

Market Overview ..........................................................................................100

9.2

Air Taxi .........................................................................................................100 9.2.1

Air Taxi Market (by Range) ..........................................................102

9.3

Air Ambulance .............................................................................................103

9.4

Cargo Aerial Vehicle ...................................................................................104

9.5

Personal Air Vehicle ...................................................................................105 9.5.1

9.6

Personal Air Vehicle (PAV) Market (by Range) ..........................106

Hoverbikes ...................................................................................................107

10. Global Electric VTOL (eVTOL) Aircraft Market (by End User)...........................109 10.1 Market Overview ..........................................................................................109 10.2 Commercial..................................................................................................109 10.3 Government and Military ............................................................................110 11. Global Electric VTOL Aircraft (eVTOL) Market (by Infrastructure) ...................112 11.1 Market Overview ..........................................................................................112 11.2 Vertiports .....................................................................................................113 11.3 Charging Stations .......................................................................................114 11.4 Traffic Management Systems.....................................................................115 12. Global Electric VTOL (eVTOL) Aircraft Market (by Region) ..............................117 12.1 Market Overview ..........................................................................................117 12.2 North America .............................................................................................118 12.2.1

North America eVTOL Aircraft Market (by Technology) ...........120

12.2.2

North America eVTOL Aircraft Market (by Application) ............121

12.2.3

North America eVTOL Aircraft Market (by Country) ..................122

12.2.3.1 U.S. ...........................................................................................122 12.2.3.2 Canada .....................................................................................123 12.3 Europe ..........................................................................................................124 12.3.1

Europe eVTOL Aircraft Market (by Technology) ........................125

12.3.2

Europe eVTOL Aircraft Market (by Application) ........................126

12.3.3

Europe eVTOL Aircraft Market (by Country) ..............................127

12.3.3.1 U.K. ...........................................................................................127

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Global Electric VTOL (eVTOL) Aircraft Market

12.3.3.2 Germany ...................................................................................128 12.3.3.3 France .......................................................................................129 12.3.3.4 Italy ...........................................................................................130 12.3.3.5 Rest-of-Europe ..........................................................................131 12.4 Asia-Pacific ..................................................................................................132 12.4.1

Asia-Pacific eVTOL Aircraft Market (by Technology) ................133

12.4.2

Asia-Pacific eVTOL Aircraft Market (by Application) ................134

12.4.3

Asia-Pacific eVTOL Aircraft Market (by Country) ......................135

12.4.3.1 China.........................................................................................135 12.4.3.2 Singapore ..................................................................................136 12.4.3.3 Japan ........................................................................................137 12.4.3.4 Australia ....................................................................................138 12.5 Rest-of-the-World ........................................................................................139 12.5.1

RoW eVTOL Aircraft Market (by Technology) ............................140

12.5.2

RoW eVTOL Aircraft Market (by Application) ............................141

12.5.3

RoW eVTOL Market (by Country) ................................................142

12.5.3.1 Brazil .........................................................................................142 12.5.3.2 U.A.E.........................................................................................143 13. Company Profiles .................................................................................................145 13.1 Overview ......................................................................................................145 13.2 Airbus S.A.S ................................................................................................146 13.2.1

Company Overview ......................................................................146

13.2.2

Role of Airbus S.A.S in Global Electric VTOL (eVTOL) Aircraft Market ..............................................................................146

13.2.3

Overall Financials .........................................................................147

13.2.4

SWOT Analysis .............................................................................150

13.3 Airspace Experience Technologies, Inc. ...................................................151 13.3.1

Company Overview ......................................................................151

13.3.2

Role of Airspace Experience Technologies in Global Electric VTOL (eVTOL) Aircraft Market .......................................151

13.3.3

SWOT Analysis .............................................................................152

13.4 Aurora Flight Sciences ...............................................................................153

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Global Electric VTOL (eVTOL) Aircraft Market

13.4.1

Company Overview ......................................................................153

13.4.2

Role of Aurora Flight Sciences in Global Electric VTOL (eVTOL) Aircraft Market ...............................................................153

13.4.3

SWOT Analysis .............................................................................154

13.5 Bell Helicopter .............................................................................................155 13.5.1

Company Overview ......................................................................155

13.5.2

Role of Bell Helicopter in Global Electric VTOL (eVTOL) Aircraft Market ...............................................................155

13.5.3

SWOT Analysis .............................................................................156

13.6 EHANG .........................................................................................................157 13.6.1

Company Overview ......................................................................157

13.6.2

Role of EHANG in Global Electric VTOL (eVTOL) Aircraft Market ..............................................................................157

13.6.3

SWOT Analysis .............................................................................158

13.7 Embraer SA..................................................................................................159 13.7.1

Company Overview ......................................................................159

13.7.2

Role of Embraer SA in Global Electric VTOL (eVTOL) Aircraft Market ..............................................................................159

13.7.3

Overall Financials .........................................................................160

13.7.4

SWOT Analysis .............................................................................162

13.8 Karem Aircraft, Inc. .....................................................................................163 13.8.1

Company Overview ......................................................................163

13.8.2

Role of Karem Aircraft, Inc. in Global Electric VTOL (eVTOL) Aircraft Market ...............................................................163

13.8.3

SWOT Analysis .............................................................................164

13.9 Kitty Hawk ....................................................................................................165 13.9.1

Company Overview ......................................................................165

13.9.2

Role of Kitty Hawk in Global Electric VTOL (eVTOL) Aircraft Market ..............................................................................165

13.9.3

SWOT Analysis .............................................................................166

13.10 Lilium GmbH ................................................................................................167 13.10.1 Company Overview ......................................................................167 13.10.2 Role of Lilium GmbH in Global Electric VTOL (eVTOL) Aircraft Market ..............................................................................167

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Global Electric VTOL (eVTOL) Aircraft Market

13.10.3 SWOT Analysis .............................................................................169 13.11 Neva Aerospace ..........................................................................................170 13.11.1 Company Overview ......................................................................170 13.11.2 Role of Neva Aerospace in Global Electric VTOL (eVTOL) Aircraft Market ...............................................................170 13.11.3 SWOT ANALYSIS..........................................................................171 13.12 Opener..........................................................................................................172 13.12.1 Company Overview ......................................................................172 13.12.2 Role of Opener in Global Electric VTOL (eVTOL) Aircraft Market ..............................................................................172 13.12.3 SWOT Analysis .............................................................................173 13.13 Pipistrel Group ............................................................................................174 13.13.1 Company Overview ......................................................................174 13.13.2 Role of Pipistrel in Global Electric VTOL (eVTOL) Aircraft Market ..............................................................................174 13.13.3 SWOT Analysis .............................................................................175 13.14 The Boeing Company .................................................................................176 13.14.1 Company Overview ......................................................................176 13.14.2 Role of The Boeing Company in Global Electric VTOL (eVTOL) Aircraft Market ...............................................................176 13.14.3 Overall Financials .........................................................................177 13.14.4 SWOT Analysis .............................................................................180 13.15 Volocopter GmbH ........................................................................................181 13.15.1 Company Overview ......................................................................181 13.15.2 Role of Volocopter GmbH in Global Electric VTOL (eVTOL) Aircraft Market ...............................................................181 13.15.3 SWOT Analysis .............................................................................182 13.16 Workhorse Group, Inc.................................................................................183 13.16.1 Company Overview ......................................................................183 13.16.2 Role of Workhorse Group, Inc. in Global Electric VTOL (eVTOL) Aircraft Market ...............................................................183 13.16.3 SWOT Analysis .............................................................................184 13.17 Other Key Players .......................................................................................185

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Global Electric VTOL (eVTOL) Aircraft Market

13.17.1 Volta Volare ...................................................................................185 13.17.2 Joby Aviation ................................................................................186 13.17.3 Terrafuggia ....................................................................................187 13.17.4 Samad Aerospace Ltd. .................................................................188 13.17.5 AMSL Aero Pty Ltd. ......................................................................188 14. Research Scope and BIS Methodology ..............................................................189 14.1 Scope of the Report ....................................................................................189 14.2 Global eVTOL Aircraft Market Research Methodology ............................191 15. Appendix ...............................................................................................................196 15.1 Related Reports ...........................................................................................196

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Global Electric VTOL (eVTOL) Aircraft Market

List of Tables Table 1: Global eVTOL Aircraft Market, Value ($Million) and Volume, 2025-2035 ........................... 23 Table 2: Global eVTOL Aircraft Market Snapshot, 2025 and 2035 .................................................... 24 Table 1.1: Impact Analysis of Market Drivers ...................................................................................... 34 Table 1.2: Impact Analysis of Market Challenges ............................................................................... 35 Table 1.3: Smart City Initiatives in European Cities ............................................................................ 39 Table 3.1: Current Status of the eVTOL Aircraft ................................................................................. 51 Table 3.2: Conventional Aircrafts Vs eVTOL Aircrafts ........................................................................ 52 Table 3.3: Start-Ups and Funding, January 2015-October 2019 ....................................................... 55 Table 3.4: Other Stakeholders in the Global eVTOL Aircraft Market ................................................. 58 Table 3.5: Product Mapping in Global eVTOL Aircraft Market ........................................................... 59 Table 4.1: Global eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........... 65 Table 5.1: Global eVTOL Aircraft Market (by Rotorcraft), Value ($Million) and Volume (Units), 2025-2035 ................................................................................................................ 67 Table 5.2: Global eVTOL Aircraft Market (by Single Rotor), Value ($Million) and Volume (Units), 2025-2035 ................................................................................................................ 68 Table 5.3: Global eVTOL Aircraft Market (by Multi Rotor), Value ($Million) and Volume (Units), 2025-2035 ................................................................................................................ 69 Table 5.4: Global eVTOL Aircraft Market (by Vectored Thrust), Value ($Million) and Volume, 2025-2035 .............................................................................................................. 70 Table 5.5: Global eVTOL Aircraft Market (by Lift + Cruise), Value ($Million) and Volume, 2025-2035 ............................................................................................................................. 71 Table 5.6: Global eVTOL Aircraft Market (by Hoverbikes), Value ($Million) and Volume, 2025-2035 ............................................................................................................................. 72 Table 7.1: Companies Using Electric/Batteries Energy Source for eVTOL Aircraft........................... 86 Table 7.2: Companies using Electric Hybrid Energy Source for eVTOL Aircraft ............................... 90 Table 7.3: Global eVTOL Aircraft Market (Battery), Value ($Million) and Volume (Units), 2025-2035 ............................................................................................................................. 92

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Global Electric VTOL (eVTOL) Aircraft Market

Table 7.4: Global eVTOL Aircraft Market (Hybrid), Value ($Million) and Volume (Units), 2025-2035 ............................................................................................................................. 93 Table 7.5: Global eVTOL Aircraft Market (Hydrogen), Value ($Million) and Volume (Units), 2025-2035 ............................................................................................................................. 94 Table 8.1: Global eVTOL Aircraft Market (Piloted), Value ($Million) and Volume (Units), 2025-2035 ............................................................................................................................. 97 Table 8.2: Global eVTOL Aircraft Market (Optionally Piloted), Value ($Million) and Volume (Units), 2025-2035 ................................................................................................................ 98 Table 9.1: Global eVTOL Aircraft Market (Air Taxi), Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 101 Table 9.2: Global eVTOL Aircraft Market (Air Taxi), Value ($Million) and Volume (Units) 2025-2035 ........................................................................................................................... 102 Table 9.3: Global eVTOL Aircraft Market (Air Ambulance), Value ($Million) and Volume (Units), 2025-2035 .............................................................................................................. 103 Table 9.4: Global eVTOL Aircraft Market (Cargo Aerial Vehicle), Value ($Million) and Volume (Units), 2025-2035 ................................................................................................ 104 Table 9.5: Global eVTOL Aircraft Market (Personal Air Vehicle), Value ($Million) and Volume (Units), 2025-2035 ................................................................................................ 106 Table 9.6: Global eVTOL Aircraft Market (Personal Air Vehicle), Value ($Million) and Volume (Units), 2025-2035 ................................................................................................ 107 Table 9.7: Global eVTOL Aircraft Market (Hoverbikes), Value ($Million) and Volume (Units), 2025-2035 .............................................................................................................. 108 Table 10.1: Global eVTOL Aircraft Market (by Commercial), Value ($Million) and Volume (Units), 2025-2035 .............................................................................................................. 110 Table 10.2: Global eVTOL Aircraft Market (by Government and Military), Value ($Million) and Volume (Units), 2025-2035 ......................................................................................... 111 Table 12.1: Global eVTOL Aircraft Market (by Region), 2025-2035 ................................................ 118 Table 12.2: North America eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 119

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Global Electric VTOL (eVTOL) Aircraft Market

Table 12.3: North America eVTOL Aircraft Market (by Technology), Value ($Million) and Volume (Units), 2025-2035 ................................................................................................ 120 Table 12.4: North America eVTOL Aircraft Market (by Application), Value ($Million) and Volume (Units), 2025-2035 ................................................................................................ 121 Table 12.5: U.S. eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........... 122 Table 12.6: Canada eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 123 Table 12.7: Europe eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 124 Table 12.8: Europe eVTOL Aircraft Market (by Technology), Value ($Million) and Volume (Units), 2025-2035 .............................................................................................................. 125 Table 12.9: Europe eVTOL Aircraft Market (by Application), Value ($Million) and Volume (Units), 2025-2035 .............................................................................................................. 126 Table 12.10: U.K. eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035......... 127 Table 12.11: Germany eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 128 Table 12.12: France eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 129 Table 12.13: Italy eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ......... 130 Table 12.14: Rest-of-Europe eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 131 Table 12.15: Asia-Pacific eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 132 Table 12.16: Asia-Pacific eVTOL Aircraft Market (by Technology), Value ($Million) and Volume (Units), 2025-2035 ................................................................................................ 133 Table 12.17: Asia-Pacific eVTOL Aircraft Market (by Application), Value ($Million) and Volume (Units), 2025-2035 ................................................................................................ 134 Table 12.18: China eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 135

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Global Electric VTOL (eVTOL) Aircraft Market

Table 12.19: Singapore eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 136 Table 12.20: Japan eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 137 Table 12.21: Australia eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 138 Table 12.22: RoW eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 139 Table 12.23: RoW eVTOL Aircraft Market (by Technology), Value ($Million) and Volume (Units), 2025-2035 .............................................................................................................. 140 Table 12.24: RoW eVTOL Aircraft Market (by Application), Value ($Million) and Volume (Units), 2025-2035 .............................................................................................................. 141 Table 12.25: Brazil eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 142 Table 12.26: U.A.E eVTOL Aircraft Market, Value ($Million) and Volume (Units), 2025-2035 ........................................................................................................................... 143

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Global Electric VTOL (eVTOL) Aircraft Market

List of Figures Figure 1: Electric VTOL (eVTOL) Aircraft Operations ......................................................................... 21 Figure 2: Global eVTOL Aircraft Market (by Technology), Revenue ($Million), 2025 and 2035 ...................................................................................................................... 25 Figure 3: Global eVTOL Aircraft Market (by Component), Revenue ($Million), 2025 and 2035 ...................................................................................................................... 26 Figure 4: Global eVTOL Aircraft Market (by Energy Source), Revenue ($Million), 2025 and 2035 ...................................................................................................................... 27 Figure 5: Global eVTOL Aircraft Market (by Operation), Revenue ($Million), 2025 and 2035 ...................................................................................................................... 28 Figure 6: Global eVTOL Aircraft Market (by Application), Revenue ($Million), 2025 and 2035 ...................................................................................................................... 29 Figure 7: Global eVTOL Aircraft Market (by Region), Value ($Billion), 2025 and 2035 .................... 31 Figure 1.1: Market Dynamics Snapshot .............................................................................................. 34 Figure 1.2: Population in Urban Cities, 2015 and 2030 ...................................................................... 36 Figure 2.1: Key Strategies Adopted by Market Players ...................................................................... 41 Figure 2.2: Percentage Share of Strategies Adopted by the Market Players, January 2016-October 2019 ............................................................................................................... 42 Figure 2.3: Partnerships, Agreements, and Contracts by Key Market Players, January 2016-October 2019 ............................................................................................................... 43 Figure 2.4: Acquisitions and Funding by Key Market Players, January 2016-October 2019 ............ 44 Figure 2.5: Product Launches by the Key Market Players, January 2016-October 2019 ................. 45 Figure 2.6: Other Developments .......................................................................................................... 46 Figure 2.7: Competitive Benchmarking, 2018 ..................................................................................... 47 Figure 3.1: Industry Insights ................................................................................................................. 49 Figure 3.2: Status of eVTOL Aircraft .................................................................................................... 50 Figure 3.3: Funding Scenario: Start-Ups in eVTOL Aircraft Market, 2015-2018 ............................... 53 Figure 3.4: eVTOL Aircraft Market: Funding Scenario (by Stakeholders), 2015-2018 ...................... 54

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Global Electric VTOL (eVTOL) Aircraft Market

Figure 3.5: Supply Chain Analysis ....................................................................................................... 62 Figure 5.1: Classification of Global eVTOL Aircraft Market (by Technology) ..................................... 66 Figure 5.2: Classification of Rotorcraft ................................................................................................. 67 Figure 6.1: Classification of Global eVTOL Aircraft Market (by Component) ..................................... 74 Figure 6.2: Global eVTOL Aircraft Market (Sensors), Value ($Million), 2025-2035 ........................... 75 Figure 6.3: Global eVTOL Aircraft Market (Airframes), Value ($Million), 2025-2035......................... 76 Figure 6.4: Global eVTOL Aircraft Market (Camera), Value ($Million), 2025-2035 ........................... 77 Figure 6.5: Global eVTOL Aircraft Market (LIDAR), Value ($Million), 2025-2035 ............................. 78 Figure 6.6: Global eVTOL Aircraft Market (Radar), Value ($Million), 2025-2035 .............................. 79 Figure 6.7: Global eVTOL Aircraft Market (Battery), Value ($Million), 2025-2035 ............................. 80 Figure 6.8: Global eVTOL Aircraft Market (Motor), Value ($Million), 2025-2035 ............................... 81 Figure 6.9: Global eVTOL Aircraft Market (INS/IMU), Value ($Million), 2025-2035 .......................... 82 Figure 6.10: Global eVTOL Aircraft Market (GPS/GNSS), Value ($Million), 2025-2035 ................... 83 Figure 7.1: Classification of Global eVTOL Aircraft Market (by Energy Source) ............................... 85 Figure 7.2: Energy Sources of the eVTOL Aircrafts ............................................................................ 85 Figure 8.1: Classification of Global eVTOL Aircraft Market (by Operation)........................................ 96 Figure 9.1: Classification of Global eVTOL Aircraft Market (by Application) .................................... 100 Figure 10.1: Classification of Global eVTOL Aircraft Market (by End User) .................................... 109 Figure 11.1: Classification of Global eVTOL Aircraft Market (by Infrastructure) .............................. 112 Figure 11.2: Operational Steps of eVTOL Aircraft Using Vertiports ................................................. 113 Figure 11.3: Impact of Traffic Management System ......................................................................... 116 Figure 12.1: Classification of Global eVTOL Aircraft Market (by Region) ........................................ 117 Figure 13.1: Share of Key Company Profiles .................................................................................... 145 Figure 13.2: Airbus S.A.S - Product Offerings................................................................................... 146 Figure 13.3: Airbus S.A.S – Overall Financials, 2016-2018 ............................................................. 147 Figure 13.4: Airbus S.A.S – Revenue by Business Segment, 2016-2018 ....................................... 148 Figure 13.5: Airbus S.A.S – Net Revenue by Region, 2016-2018 ................................................... 149 Figure 13.6: Airbus S.A.S – Research and Development Expenditure ............................................ 149 Figure 13.7: SWOT Analysis - Airbus S.A.S ..................................................................................... 150

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Global Electric VTOL (eVTOL) Aircraft Market

Figure 13.8: Airspace Experience Technologies, Inc. – Product Offerings ...................................... 151 Figure 13.9: SWOT Analysis – Airspace Experience Technologies, Inc. ........................................ 152 Figure 13.10: Aurora Flight Sciences - Product Offerings ................................................................ 153 Figure 13.11: SWOT Analysis – Aurora Flight Sciences .................................................................. 154 Figure 13.12: Bell Helicopter - Product Offerings .............................................................................. 155 Figure 13.13: SWOT Analysis – Bell Helicopter ................................................................................ 156 Figure 13.14: EHANG- Product Offerings ......................................................................................... 157 Figure 13.15: SWOT Analysis – EHANG .......................................................................................... 158 Figure 13.16: Embraer - Product Offerings ....................................................................................... 159 Figure 13.17: Embraer SA: Overall Financials, 2016-2018 .............................................................. 160 Figure 13.18: Embraer SA: Business Revenue Mix, 2015-2017 ...................................................... 161 Figure 13.19: Embraer SA: Business Revenue Mix, 2018 ............................................................... 161 Figure 13.20: SWOT Analysis – Embraer SA ................................................................................... 162 Figure 13.21: Karem Aircraft, Inc. – Product Offerings ..................................................................... 163 Figure 13.22: SWOT Analysis – Karem Aircraft, Inc. ........................................................................ 164 Figure 13.23: Kitty Hawk – Product Offerings ................................................................................... 165 Figure 13.24: SWOT Analysis – Kitty Hawk ...................................................................................... 166 Figure 13.25: Lilium GmbH – Product Offerings ............................................................................... 168 Figure 13.26: Lilium GmbH – Product Development Roadmap ....................................................... 168 Figure 13.27: SWOT Analysis – Lilium GmbH .................................................................................. 169 Figure 13.28: Neva Aerospace – Product Offerings ......................................................................... 170 Figure 13.29: SWOT Analysis – Neva Aerospace ............................................................................ 171 Figure 13.30: Opener – Product Offerings ........................................................................................ 172 Figure 13.31: SWOT Analysis – Opener ........................................................................................... 173 Figure 13.32: Pipistrel Product Offering............................................................................................. 174 Figure 13.33: SWOT Analysis – Pipistrel Group ............................................................................... 175 Figure 13.34: The Boeing Company - Product Offerings.................................................................. 176 Figure 13.35: The Boeing Company - Overall Financials, 2016-2018 ............................................. 177 Figure 13.36: The Boeing Company - Business Revenue Mix, 2016-2018 ..................................... 178

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Global Electric VTOL (eVTOL) Aircraft Market

Figure 13.37: The Boeing Company - Region Revenue Mix, 2016-2018 ........................................ 178 Figure 13.38: The Boeing Company – R&D Expenditure, 2016-2018 ............................................. 179 Figure 13.39: SWOT Analysis – The Boeing Company.................................................................... 180 Figure 13.40: Volocopter GmbH – Product Offerings ....................................................................... 181 Figure 13.41: SWOT Analysis – Volocopter GmbH .......................................................................... 182 Figure 13.42: Workhorse Group, Inc. – Product Offerings ............................................................... 183 Figure 13.43: SWOT Analysis – Workhorse Group, Inc. .................................................................. 184 Figure 14.1: Global eVTOL Aircraft Market Segmentation ............................................................... 190 Figure 14.2: Global eVTOL Aircraft Market Research Methodology ................................................ 191 Figure 14.3: Secondary Data Sources .............................................................................................. 193 Figure 14.4: Bottom-up and Top-Down Approach ............................................................................ 194 Figure 14.5: eVTOL Aircraft Market: Influencing Factors.................................................................. 195 Figure 14.6: Assumptions and Limitations......................................................................................... 195

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Global Electric VTOL (eVTOL) Aircraft Market

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Global Electric VTOL (eVTOL) Aircraft Market

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Global Electric VTOL (eVTOL) Aircraft Market

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