TechSci Press Release

Global eVTOL aircraft market   is expected to grow at the CAGR of over 20% during the forecast period on account of surge in the demand for improving the operational efficiency and need for quick inter and intra city transportation. Rise in the traffic jams via roadways in cities due to congestion is intensifying the problem of increasing traffic congestion in urban areas. Electric vertical take-off and landing (eVTOL) aircraft can take off and land vertically. However, the certification process in which the VTOLs must comply with the regulation given by the aviation authorities such as FAA and EASA is acting as a challenge for the growth of the market. Global eVTOL aircraft market can be segmented based on application, propulsion, and range. In terms of propulsion, the market can be segmented into electric battery, electric hybrid, and electric hydrogen. Electric battery is expected to acquire the dominant share during the forecast period on account of growing demand for fully ele...

Need for quick transportation along with increasing traffic congestion in various countries to drive global eVTOL aircraft market through 2024    According to TechSci Research report,  “ Global  eVTOL Aircraft Market  By Application, By Propulsion, By Range, By Region, Competition, Forecast & Opportunities, 2024 ” , global eVTOL aircraft market is expected to witness extensive growth in the forthcoming years on account of effectiveness of the electric systems over combustion systems and surging demand for fuel efficient environment friendly aircraft. eVTOL or electric vertical take-off and landing aircraft can land, take off and hover vertically. Moreover, growing investment in vertical take-off and landing technology by numerous companies is further positively influencing global eVTOL aircraft market. Global eVTOL aircraft market can be segmented based on application, propulsion and range. In terms of propulsion, the market can be segmented into electric b...