Report Description

The European eVTOL Aircraft market is likely to expand at a vigorous rate in the upcoming years. The growing demand for green energy and noise-free aircraft, along with increasing use of eVTOL aircraft for freight applications and increasing desire for an alternative means of transportation, are factors driving the growth of this market. Electrically powered urban air mobility vehicles, eVTOLs, emit zero-emissions, giving them a significant advantage over most of the current ground and air vehicles, which continue to run on fossil fuels.

Recent Developments

Volocopter GmbH, a German aircraft manufacturer and a pioneer in urban air mobility (UAM), have planned to offer the world's first-ever eVTOL suite of services using passenger air taxis and heavy-lift freight drones between 2024 and 2026. In addition, in March 2022, Jetex and Volocopter inked a strategic collaboration agreement to create a safe and sustainable paradigm of urban air mobility. The alliance was formed to deploy and operate permanent, economically viable, and integrated UAM taxi 'takeoff and landing infrastructure and passenger transportation services.

Wisk Aero received $450 million from The Boeing Company in January 2022 to continue develop Wisk's sixth generation eVTOL aircraft. It also assists the company as it enters an aggressive expansion phase in preparation for the introduction of scale manufacturing.

The Rise of Electric-Propulsion-Based eVTOL Aircraft

The aviation industry is one of the fastest-growing sources of greenhouse gas emissions, contributing to Europe's climate change. The development of eVTOL aircraft, powered by electric propulsion reduces the environmental impact in terms of noise and pollutant emissions. As a result, government rules and policies aimed at decreasing emissions promote demand for eVTOL aircraft powered by electric propulsion. Across Europe, big players' and startups' of eVTOL aircraft parternerships  are increasing. For example, in May 2022, Volocopter, a German startup, announced a partnership with Jetex, an aircraft ground handling company, to install and operate permanent vertiport infrastructure for passenger services. The startup will begin its operations in 2024.  eVTOL planes can fly for extended periods of time, making them a sustainable alternative.

Furthermore, Jetson AB, a Swedish eVTOL firm, completed the sale of the whole production of their eVTOL aircraft in 2022 and has an order of 100 units with delivery set to begin in 2023, along with over 3,000 pre-orders for additional deliveries.

Increasing Adoption of Air Taxis as Urban Air Mobility Increases

Due to recent technological advances in urban air mobility, several cities are projected to adopt a new generation of transportation using eVTOL aircraft. To escape traffic, eVTOL aircraft are best suited for shorter flights across busy cities. The aircraft also aid in middle- and last-mile goods delivery, as well as medical services. As a result, the use of air taxis is increasing. The urban air mobility sector is in its early stages, which is projected to promote air taxi usage in the coming years. Toyota invested $394 million in Joby Aviation eVTOL Aircraft in the first quarter of 2020. Furthermore, in April 2022, Airbus and ITA Airways signed a Memorandum of Understanding to collaborate on urban air mobility (UAM) in Italy. The agreement also focuses on the safe and sustainable launch of City Airbus NextGen eVTOL aircraft. The first air taxi flight in Europe is scheduled for 2024.

Lack of infrastructure certification in Aviation

The commercialization of eVTOL travel options necessitates the creation of infrastructure such as skyports, charging stations, and others. The initial cost of such infrastructure is quite costly, and development takes time, which is expected to limit market growth. Furthermore, demanding certifications of aviation agencies such as the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) for eVTOL designs are projected to stymie industry expansion.


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Market Segmentation

The Europe eVTOL Aircraft Market is segmented by application, by propulsion type, by Lift Technology, by Operation Mode, by Range and by Region. Based on application, the market is segmented into Commercial, Military and Cargo. Based on propulsion type, the market is segmented into Hybrid Electric, Fully Electric, and Electric Hydrogen. On the basis of lift technology, the market is divided into vectored Thrust, Lift Plus Cruise, Multicopter and others. Based on operation mode, the market is segmented into Autonomous, Semi-Autonomous and Piloted. Based on range, the market is segmented into up-to 200km, and 201-500Km.

Company Profiles

Airbus Group, Inc., Bell Textron Inc., Boeing, Eve Air Mobility, Lilium GmBH, EHang Intelligent Technology Co. Ltd, BETA Technologies Inc., Volocopter GmbH, Archer Aviation Inc. and Heart Aerospace AB are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.

Attribute

Details

Base Year

2022

Historical Years

2018 – 2021

Estimated Year

2023

Forecast Period

2024 – 2030

Quantitative Units

Revenue in USD Billion, Volume in Units, and CAGR for 2018-2022 and 2023-2030

Report Coverage

Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends

Segments Covered

By Application

By Propulsion Type

By Lift Technology

By Operation mode

By Range

Region

Regional Scope

Europe

Country Scope

Germany, Russia, France, Spain, Italy, United Kingdom, Switzerland, Netherlands, Belgium and Austria.

Key Companies Profiled

Airbus Group, Inc., Bell Textron Inc., Boeing, Eve Air Mobility, Lilium GmBH, EHang Intelligent Technology Co. Ltd, BETA Technologies Inc., Volocopter GmbH, Archer Aviation Inc. and Heart Aerospace AB.

Customization Scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and Purchase Options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

 

Report Scope:

In this report, Europe eVTOL Aircraft Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·          Europe eVTOL Aircraft Market, By Application:

    • Commercial
    • Military
    • Cargo
  • Europe eVTOL Aircraft Market, By Propulsion Type:
    • Hybrid Electric
    • Fully Electric
    • Electric Hydrogen

·         Europe eVTOL Aircraft Market, By Lift Technology:

    • vectored Thrust
    • Lift Plus Cruise
    • Multicopter
    • others
  • Europe eVTOL Aircraft Market, By Operation Mode:
    • Autonomous
    • Semi-Autonomous
    • Piloted
  • Europe eVTOL Aircraft Market, By Range:
    • Upto 200km
    • 201-500Km
  • Europe eVTOL Aircraft Market, By Region:
      • Germany
      • Russia
      • France
      • Italy
      • Spain
      • United Kingdom
      • Switzerland
      • Netherlands
      • Belgium
      • Austria

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Europe eVTOL Aircraft Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Europe eVTOL Aircraft Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary         

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Europe eVTOL Aircraft Market

5.    Voice of Customer

5.1.  Factors Influencing Purchase Decision

5.2.  Aided and Unaided Brand Recall

5.3.  Brand Satisfaction Level

6.    Europe eVTOL Aircraft Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Volume

6.1.2.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Application (Commercial, Military and Cargo)

6.2.2.     By Propulsion Type (Hybrid Electric, Fully Electric, Electric Hydrogen)

6.2.3.     By Lift Technology (Vectored Thrust, Lift Plus Cruise, Multicopter and others)

6.2.4.     By Operation Mode (Autonomous, Semi-Autonomous and Piloted)

6.2.5.     By Range (Up to 200km,201-500Km)

6.2.6.     By Country

6.2.7.     By Company (2022)

6.3.  Europe eVTOL Aircraft Market Mapping & Opportunity

6.3.1.     Market Mapping & Opportunity by Application

6.3.2.     Market Mapping & Opportunity by Propulsion Type

6.3.3.     Market Mapping & Opportunity by Lift Technology

6.3.4.     Market Mapping & Opportunity by Operation mode

6.3.5.     Market Mapping & Opportunity by Range

6.3.6.     Market Mapping & Opportunity by Country

6.4.  Europe: Country Analysis

6.4.1.     Germany eVTOL Aircraft Market Outlook

6.4.1.1.         Market Size & Forecast

6.4.1.1.1.             By Volume

6.4.1.1.2.             By Value

6.4.1.2.         Market Share & Forecast

6.4.1.2.1.             By Application (Commercial, Military and Cargo)

6.4.1.2.2.             By Propulsion Type (Hybrid Electric, Fully Electric, Electric Hydrogen)

6.4.1.2.3.             By Lift Technology (Vectored Thrust, Lift Plus Cruise, Multicopter and others)

6.4.1.2.4.             By Operation Mode (Autonomous, Semi-Autonomous and Piloted)

6.4.1.2.5.             By Range (Up to 200km,201-500Km)

6.4.2.     Russia eVTOL Aircraft Market Outlook

6.4.2.1.         Market Size & Forecast

6.4.2.1.1.             By Volume

6.4.2.1.2.             By Value

6.4.2.2.         Market Share & Forecast

6.4.2.2.1.             By Application (Commercial, Military and Cargo)

6.4.2.2.2.             By Propulsion Type (Hybrid Electric, Fully Electric, Electric Hydrogen)

6.4.2.2.3.             By Lift Technology (Vectored Thrust, Lift Plus Cruise, Multicopter and others)

6.4.2.2.4.             By Operation Mode (Autonomous, Semi-Autonomous and Piloted)

6.4.2.2.5.             By Range (Up to 200km,201-500Km)

6.4.3.     France eVTOL Aircraft Market Outlook

6.4.3.1.         Market Size & Forecast

6.4.3.1.1.             By Volume

6.4.3.1.2.             By Value

6.4.3.2.         Market Share & Forecast

6.4.3.2.1.             By Application (Commercial, Military and Cargo)

6.4.3.2.2.             By Propulsion Type (Hybrid Electric, Fully Electric, Electric Hydrogen)

6.4.3.2.3.             By Lift Technology (Vectored Thrust, Lift Plus Cruise, Multicopter and others)

6.4.3.2.4.             By Operation Mode (Autonomous, Semi-Autonomous and Piloted)

6.4.3.2.5.             By Range (Up to 200km,201-500Km)

6.4.4.     Italy eVTOL Aircraft Market Outlook

6.4.4.1.         Market Size & Forecast

6.4.4.1.1.             By Volume

6.4.4.1.2.             By Value

6.4.4.2.         Market Share & Forecast

6.4.4.2.1.             By Application (Commercial, Military and Cargo)

6.4.4.2.2.             By Propulsion Type (Hybrid Electric, Fully Electric, Electric Hydrogen)

6.4.4.2.3.             By Lift Technology (Vectored Thrust, Lift Plus Cruise, Multicopter and others)

6.4.4.2.4.             By Operation Mode (Autonomous, Semi-Autonomous and Piloted)

6.4.4.2.5.             By Range (Up to 200km,201-500Km)

6.4.5.     Spain eVTOL Aircraft Market Outlook

6.4.5.1.         Market Size & Forecast

6.4.5.1.1.             By Volume

6.4.5.1.2.             By Value

6.4.5.2.         Market Share & Forecast

6.4.5.2.1.             By Application (Commercial, Military and Cargo)

6.4.5.2.2.             By Propulsion Type (Hybrid Electric, Fully Electric, Electric Hydrogen)

6.4.5.2.3.             By Lift Technology (Vectored Thrust, Lift Plus Cruise, Multicopter and others)

6.4.5.2.4.             By Operation Mode (Autonomous, Semi-Autonomous and Piloted)

6.4.5.2.5.             By Range (Up to 200km,201-500Km)

6.4.6.     United Kingdom eVTOL Aircraft Market Outlook

6.4.6.1.         Market Size & Forecast

6.4.6.1.1.             By Volume

6.4.6.1.2.             By Value

6.4.6.2.         Market Share & Forecast

6.4.6.2.1.             By Application (Commercial, Military and Cargo)

6.4.6.2.2.             By Propulsion Type (Hybrid Electric, Fully Electric, Electric Hydrogen)

6.4.6.2.3.             By Lift Technology (Vectored Thrust, Lift Plus Cruise, Multicopter and others)

6.4.6.2.4.             By Operation Mode (Autonomous, Semi-Autonomous and Piloted)

6.4.6.2.5.             By Range (Up to 200km,201-500Km)

6.4.7.     Switzerland eVTOL Aircraft Market Outlook

6.4.7.1.         Market Size & Forecast

6.4.7.1.1.             By Volume

6.4.7.1.2.             By Value

6.4.7.2.         Market Share & Forecast

6.4.7.2.1.             By Application (Commercial, Military and Cargo)

6.4.7.2.2.             By Propulsion Type (Hybrid Electric, Fully Electric, Electric Hydrogen)

6.4.7.2.3.             By Lift Technology (Vectored Thrust, Lift Plus Cruise, Multicopter and others)

6.4.7.2.4.             By Operation Mode (Autonomous, Semi-Autonomous and Piloted)

6.4.7.2.5.             By Range (Up to 200km,201-500Km)

6.4.8.     Netherlands eVTOL Aircraft Market Outlook

6.4.8.1.         Market Size & Forecast

6.4.8.1.1.             By Volume

6.4.8.1.2.             By Value

6.4.8.2.         Market Share & Forecast

6.4.8.2.1.             By Application (Commercial, Military and Cargo)

6.4.8.2.2.             By Propulsion Type (Hybrid Electric, Fully Electric, Electric Hydrogen)

6.4.8.2.3.             By Lift Technology (Vectored Thrust, Lift Plus Cruise, Multicopter and others)

6.4.8.2.4.             By Operation Mode (Autonomous, Semi-Autonomous and Piloted)

6.4.8.2.5.             By Range (Up to 200km,201-500Km)

6.4.9.     Belgium eVTOL Aircraft Market Outlook

6.4.9.1.         Market Size & Forecast

6.4.9.1.1.             By Volume

6.4.9.1.2.             By Value

6.4.9.2.         Market Share & Forecast

6.4.9.2.1.             By Application (Commercial, Military and Cargo)

6.4.9.2.2.             By Propulsion Type (Hybrid Electric, Fully Electric, Electric Hydrogen)

6.4.9.2.3.             By Lift Technology (Vectored Thrust, Lift Plus Cruise, Multicopter and others)

6.4.9.2.4.             By Operation Mode (Autonomous, Semi-Autonomous and Piloted)

6.4.9.2.5.             By Range (Up to 200km,201-500Km)

6.4.10.  Austria eVTOL Aircraft Market Outlook

6.4.10.1.      Market Size & Forecast

6.4.10.1.1.           By Volume

6.4.10.1.2.           By Value

6.4.10.2.      Market Share & Forecast

6.4.10.2.1.           By Application (Commercial, Military and Cargo)

6.4.10.2.2.           By Propulsion Type (Hybrid Electric, Fully Electric, Electric Hydrogen)

6.4.10.2.3.           By Lift Technology (Vectored Thrust, Lift Plus Cruise, Multicopter and others)

6.4.10.2.4.           By Operation Mode (Autonomous, Semi-Autonomous and Piloted)

6.4.10.2.5.           By Range (Up to 200km,201-500Km)

7.    Market Dynamics

7.1.  Drivers

7.1.1.     The Rise of Electric-Propulsion-Based eVTOL Aircraft

7.1.2.     Adoption of Air Taxis as Urban Air Mobility Increases

7.2.  Challenges

7.2.1.     Aviation Agencies Implement Stringent Certifications Due to a Lack of Infrastructure

8.    Market Trends and Developments

8.1.  Emerging new technologies

8.2.  Increasing global penetration of Electric Vehicles

9.    Porter’s Five Forces Model

9.1.  Competition Landscape

9.2.  Buyer Power

9.3.  Supplier Power

9.4.  Threat of New Entrants

9.5.  Threat of Substitutes

10.  Competitive Landscape

10.1.              Airbus Group, Inc.

10.1.1.  Company Details

10.1.2.  Products & Services

10.1.3.  Financial (As Reported)

10.1.4.  Key Market Focus & Geographical Presence

10.1.5.  Recent Development

10.1.6.  Key Management Personnel

10.2.              Bell Textron Inc.

10.2.1.  Company Details

10.2.2.  Products & Services

10.2.3.  Financial (As Reported)

10.2.4.  Key Market Focus & Geographical Presence

10.2.5.  Recent Development

10.2.6.  Key Management Personnel

10.3.              Boeing

10.3.1.  Company Details

10.3.2.  Products & Services

10.3.3.  Financial (As Reported)

10.3.4.  Key Market Focus & Geographical Presence

10.3.5.  Recent Development

10.3.6.  Key Management Personnel

10.4.              Eve Air Mobility

10.4.1.  Company Details

10.4.2.  Products & Services

10.4.3.  Financial (As Reported)

10.4.4.  Key Market Focus & Geographical Presence

10.4.5.  Recent Development

10.4.6.  Key Management Personnel

10.5.              Lilium GmBH

10.5.1.  Company Details

10.5.2.  Products & Services

10.5.3.  Financial (As Reported)

10.5.4.  Key Market Focus & Geographical Presence

10.5.5.  Recent Development

10.5.6.  Key Management Personnel

10.6.              EHang Intelligent Technology Co. Ltd

10.6.1.  Company Details

10.6.2.  Products & Services

10.6.3.  Financial (As Reported)

10.6.4.  Key Market Focus & Geographical Presence

10.6.5.  Recent Development

10.6.6.  Key Management Personnel

10.7.              BETA Technologies Inc.

10.7.1.  Company Details

10.7.2.  Products & Services

10.7.3.  Financial (As Reported)

10.7.4.  Key Market Focus & Geographical Presence

10.7.5.  Recent Development

10.7.6.  Key Management Personnel

10.8.              Volocopter GmbH

10.8.1.  Company Details

10.8.2.  Products & Services

10.8.3.  Financial (As Reported)

10.8.4.  Key Market Focus & Geographical Presence

10.8.5.  Recent Development

10.8.6.  Key Management Personnel

10.9.              Archer Avaition Inc.

10.9.1.  Company Details

10.9.2.  Products & Services

10.9.3.  Financial (As Reported)

10.9.4.  Key Market Focus & Geographical Presence

10.9.5.  Recent Development

10.9.6.  Key Management Personnel

10.10.            Heart Aerospace AB

10.10.1.                Company Details

10.10.2.                Products & Services

10.10.3.                Financial (As Reported)

10.10.4.                Key Market Focus & Geographical Presence

10.10.5.                Recent Development

10.10.6.                Key Management Personnel

11.  Strategic Recommendations

11.1.              Key Focus Areas

11.2.              Target Regions & Countries

11.3.              Target Type

11.4.              Target Category

12. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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Rising electric aircraft penetration, increasing demand of air taxi in urban air mobility and low air traffic congestion fuels the growth of Europe eVTOL Aircraft market.

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The market is divided into vectored thrust, lift plus cruise, and multicopter segments, based on lift technology. The vectored thrust is credited for great durability and increased efficiency. The multicopter has been designated for delivery applications.

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The major player contributing Europe eVTOL Aircraft market are Airbus Group, Inc., Bell Textron Inc., Boeing, Eve Air Mobility, Lilium GmBH, EHang Intelligent Technology Co. Ltd, BETA Technologies Inc., Volocopter GmbH, Archer Aviation Inc. and Heart Aerospace AB.

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Strict Government certifications, high initial investment and lack of infrastructure are affecting the growth of Europe eVTOL Aircraft market.

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Srishti Verma

Business Consultant
Press Release

Robust Demand of Electric Aircraft to lead Europe eVTOL Aircraft Market through 2030

Jan, 2023

Increasing demand of Urban Air Mobility and Rising focus on environment sustainability are the driving force for Europe eVTOL Aircraft market.