VTOL Aircraft Market
VTOL Aircraft Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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VTOL Aircraft Market Size and Growth
The VTOL aircraft market is experiencing robust growth, driven by advancements in urban mobility and defense applications. The global market is projected to reach approximately $8 billion by 2030, fueled by increasing demand for efficient transportation solutions and innovations in electric vertical takeoff and landing technology across various sectors.
Companies Covered
(Covid 19 Impact Covered)
◍ Vertical Aerospace
◍ Lilium
◍ Joby Aviation
◍ Boeing
◍ Volocopter
◍ China's Zhejiang Geely Holding Group (Terrafugia)
◍ Ehang
◍ Airbus
◍ AeroMobil
◍ Kitty Hawk
◍ Moog
◍ Bell Textron
◍ Opener
◍ Aston Martin
◍ WatFly
The VTOL aircraft market features key players like Vertical Aerospace, Lilium, Joby Aviation, Boeing, and others, focusing on urban air mobility and electric aviation. They innovate with eVTOL designs and contribute to infrastructure development, enhancing market growth. Specific revenue figures for 2022 include:
- Joby Aviation: $7.2 million
- Boeing: $62.3 billion
- Volocopter: €122 million (approx. $133 million)
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Market Segmentation
By Application
Individual
Commercial
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By Product
Electric VTOL Vehicle
Hybrid-electric VTOL Vehicle
Market Growth
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$ X Billion USD
