June 17, 2024

eCTOL Aircraft Market Size To Hit USD 59.09 Billion By 2032

The global eCTOL aircraft market size reached USD 1.77 billion in 2023 and is projected to hit around USD 59.09 billion by 2032, poised to grow at a CAGR of 47.50% from 2023 to 2032.

eCTOL Aircraft Market Size 2023 To 2032

Key Takeaways

  • North America contributed more than 42% of market share in 2022.
  • Asia-Pacific is estimated to expand the fastest CAGR between 2023 and 2032.
  • By lift technology, the vectored thrust segment has held the largest market share of 40% in 2022.
  • By lift technology, the multirotor segment is anticipated to grow at a remarkable CAGR of 51.4% between 2023 and 2032.
  • By maximum take-off weight, the <250 kg segment generated over 28% of market share in 2022.
  • By maximum take-off weight, the 250-500 kg segment is expected to expand at the fastest CAGR over the projected period.
  • By range, the 0-200 Km segment generated over 56% of market share in 2022.
  • By range, the 250-500 Km segment is expected to expand at the fastest CAGR over the projected period.

The eCTOL aircraft market report offers an exclusive study of the present state expected at the market dynamics, opportunities, market scheme, growth analysis and regional outlook. The report presents energetic visions to conclude and study the market size, market aspiration, and competitive environment. The research also focuses on the important achievements of the market, research & development, and regional (country by country) growth of the leading vendors operating in the market

The study offers intricate dynamics about different aspects of the global eCTOL aircraft market, which aids companies operating in the market in making strategies development decisions. The study also elaborates on remarkable changes that are highly anticipated to configure growth of the global eCTOL aircraft market during the forecast period. It also includes a key indicator analysis that highlights growth prospects of this market and approximate statistics related to growth of the market in terms of value (US$ Mn) and volume (tons).

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eCTOL Aircraft Market Scope

Report CoverageDetails
Growth Rate from 2023 to 2032CAGR of 47.50%
Market Size in 2023USD 1.77 Billion
Market Size by 2032USD 59.09 Billion
Largest MarketNorth America
Base Year2022
Forecast Period2023 to 2032
Segments CoveredBy Lift Technology, By Maximum Take-off Weight (MTOW), and By Range
Regions CoveredNorth America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

This study covers an elaborate segmentation of the global eCTOL aircraft market, along with important information and a competition outlook. The report mentions company profiles of players that are currently influence the global eCTOL aircraft market, wherein various developments, expansions, and winning strategies practiced and execute by leading players have been presented in detail.

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Recent Developments

  • In December 2022, Lilium GmbH and JOBY Aviation entered a definitive business combination agreement. The resulting merged entity is expected to possess a pro forma enterprise value of approximately $10.5 billion. This strategic move involves combining the strengths of both Lilium and JOBY Aviation, positioning the joint company as a major player in the urban air mobility (UAM) sector.
  • In December 2022, Eve Holding, Inc., a subsidiary of Embraer S.A. dedicated to urban air mobility solutions, announced a definitive business combination agreement with Zanite Acquisition Corp. This collaboration signifies a strategic alignment between Eve and Zanite, a special purpose acquisition company (SPAC). The agreement reflects the ongoing trend of SPAC mergers within the electric aviation industry, providing capital and market access for companies focused on developing and deploying urban air mobility solutions.

eCTOL Aircraft Market Companies

  • Joby Aviation
  • Vertical Aerospace
  • Lilium GmbH
  • Eve Urban Air Mobility
  • Pipistrel
  • AeroMobil
  • Beta Technologies
  • Kitty Hawk
  • Archer Aviation
  • Ampaire
  • Urban Aeronautics
  • Volocopter
  • EmbraerX
  • Zunum Aero
  • Wisk Aero

Segments Covered in the Report

By Lift Technology

  • Vectored Thrust
  • Multirotor
  • Lift Plus Cruise

By Maximum Take-off Weight (MTOW)

  • <250 Kg
  • 250-500 Kg
  • 500-1500 Kg
  • >1500 Kg

By Range

  • 0-200 Km
  • 200-500 Km

By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa

Research Methodology

The research methodology acquire by analysts for assemble the global eCTOL aircraft market report is based on detailed primary as well as secondary research. With the help of in-depth insights of the market-affiliated information that is obtained and legitimated by market-admissible resources, analysts have offered riveting observations and authentic forecasts for the global market.

During the primary research phase, analysts interviewed market stakeholders, investors, brand managers, vice presidents, and sales and marketing managers. Based on data obtained through interviews of genuine resources, analysts have emphasized the changing scenario of the global market.

For secondary research, analysts study numerous annual report declaration, white papers, market association declaration, and company websites to obtain the necessary understanding of the global eCTOL aircraft market.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on ECTOL Aircraft Market 

5.1. COVID-19 Landscape: ECTOL Aircraft Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global ECTOL Aircraft Market, By Lift Technology

8.1. ECTOL Aircraft Market Revenue and Volume, by Lift Technology, 2023-2032

8.1.1 Vectored Thrust

8.1.1.1. Market Revenue and Volume Forecast (2020-2032)

8.1.2. Multirotor

8.1.2.1. Market Revenue and Volume Forecast (2020-2032)

8.1.3. Lift Plus Cruise

8.1.3.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 9. Global ECTOL Aircraft Market, By Maximum Take-off Weight (MTOW)

9.1. ECTOL Aircraft Market Revenue and Volume, by Maximum Take-off Weight (MTOW), 2023-2032

9.1.1. <250 Kg

9.1.1.1. Market Revenue and Volume Forecast (2020-2032)

9.1.2. 250-500 Kg

9.1.2.1. Market Revenue and Volume Forecast (2020-2032)

9.1.3. 500-1500 Kg

9.1.3.1. Market Revenue and Volume Forecast (2020-2032)

9.1.4. >1500 Kg

9.1.4.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 10. Global ECTOL Aircraft Market, By Range 

10.1. ECTOL Aircraft Market Revenue and Volume, by Range, 2023-2032

10.1.1. 0-200 Km

10.1.1.1. Market Revenue and Volume Forecast (2020-2032)

10.1.2. 200-500 Km

10.1.2.1. Market Revenue and Volume Forecast (2020-2032)

Chapter 11. Global ECTOL Aircraft Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.1.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.1.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.1.4.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.1.4.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.1.5.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.1.5.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.2.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.2.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.2.4.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.2.4.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.2.5.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.2.5.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.2.6.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.2.6.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.2.7.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.2.7.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.3.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.3.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.3.4.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.3.4.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.3.5.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.3.5.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.3.6.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.3.6.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.3.7.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.3.7.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.4.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.4.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.4.4.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.4.4.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.4.5.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.4.5.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.4.6.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.4.6.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.4.7.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.4.7.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.5.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.5.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.5.4.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.5.4.3. Market Revenue and Volume Forecast, by Range (2020-2032)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Lift Technology (2020-2032)

11.5.5.2. Market Revenue and Volume Forecast, by Maximum Take-off Weight (MTOW) (2020-2032)

11.5.5.3. Market Revenue and Volume Forecast, by Range (2020-2032)

Chapter 12. Company Profiles

12.1. Joby Aviation

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Vertical Aerospace

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Lilium GmbH

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Eve Urban Air Mobility

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Pipistrel

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. AeroMobil

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. Beta Technologies

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Kitty Hawk

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Archer Aviation

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Ampaire

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

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