Electric Vertical Take-Off and Landing (VTOL) Vehicle Market Synopsis

Electric Vertical Take-Off and Landing (VTOL) Vehicle Market Size Was Valued at USD 1.21 Billion in 2023, and is Projected to Reach USD 63.65 Billion by 2032, Growing at a CAGR of 55.3% From 2024-2032.

An Electric Vertical Take-Off and Landing (VTOL) vehicle is an aircraft capable of lifting off vertically like a helicopter, but with the ability to transition to horizontal flight like an airplane. Unlike traditional aircraft, VTOL vehicles don't require a runway for takeoff or landing, making them suitable for urban environments and other constrained spaces. They are powered by electric propulsion systems, which offer advantages such as reduced emissions, lower operating costs, and quieter operation compared to traditional combustion engines. VTOL vehicles have a wide range of potential applications, including urban air mobility, cargo transportation, and military operations.

The Electric Vertical Take-Off and Landing (VTOL) vehicle market is experiencing a surge in interest and innovation driven by advancements in electric propulsion, battery technology, and autonomous systems. These vehicles, capable of vertical take-off and landing like helicopters but with electric-powered motors, are poised to revolutionize urban mobility, logistics, and even personal transportation. With the promise of reduced noise, emissions, and operating costs compared to traditional aircraft, VTOLs are attracting attention from both established aerospace companies and startups.

  • Key players are investing heavily in research and development to overcome technical challenges and regulatory hurdles, aiming to bring VTOLs to market for various applications including air taxis, cargo delivery, and emergency services. As urban congestion worsens and sustainability becomes paramount, the electric VTOL market holds significant potential to reshape the future of transportation.
  • The electric VTOL market is expanding into other sectors such as aerial tourism, aerial photography, and infrastructure inspection. These vehicles offer unparalleled maneuverability and accessibility to remote or hard-to-reach areas, making them invaluable tools for industries ranging from media production to utility maintenance.
  • The integration of VTOLs into existing air traffic management systems is a critical focus area, with collaboration between industry stakeholders and regulatory bodies essential for ensuring safe and efficient operations in shared airspace. As investments pour into the development of VTOL technology and infrastructure, including vertiports and charging stations, the market is poised for rapid growth in the coming years, promising to redefine the way we think about air travel and transportation.

Electric Vertical Take-Off and Landing (VTOL) Vehicle Market

Electric Vertical Take-Off and Landing (VTOL) Vehicle  Market Trend Analysis

Urban Air Mobility (UAM) Integration Accelerates VTOL Adoption

  • Urban Air Mobility (UAM) is witnessing accelerated integration as Electric Vertical Take-Off and Landing (VTOL) vehicles gain momentum in the market. This surge can be attributed to several factors, including technological advancements, regulatory support, and increasing demand for efficient urban transportation solutions. VTOL vehicles offer significant advantages over traditional modes of transportation, such as reduced congestion, faster travel times, and lower emissions. As a result, companies in the aerospace and transportation sectors are investing heavily in VTOL technology, driving innovation and bringing these vehicles closer to widespread adoption.
  • The partnerships between industry players and government agencies are facilitating the development of infrastructure and regulatory frameworks necessary for safe and efficient UAM operations. With continued progress in technology and supportive policies, the VTOL market is poised for significant growth, revolutionizing urban transportation and shaping the future of mobility.

Cargo Transport and Logistics

  • The Cargo Transport and Logistics Electric Vertical Take-Off and Landing (VTOL) Vehicle market is experiencing a surge in interest and investment due to its potential to revolutionize urban transportation and logistics. These electric VTOL vehicles offer a promising solution to the challenges of congested city streets and inefficient traditional transportation methods. With their ability to take off and land vertically, they can bypass traffic and deliver cargo swiftly to urban destinations.
  • Moreover, their electric propulsion systems make them environmentally friendly and cost-effective compared to traditional fuel-powered aircraft. As a result, various companies and startups are racing to develop and commercialize these vehicles, with the market poised for significant growth in the coming years. However, challenges such as regulatory hurdles, infrastructure development, and safety concerns still need to be addressed to unlock the full potential of this emerging market. Despite these challenges, the Cargo Transport and Logistics Electric VTOL Vehicle market holds immense promise for transforming urban transportation and logistics in the near future.

Electric Vertical Take-Off and Landing (VTOL) Vehicle Market Segment Analysis:

Electric Vertical Take-Off and Landing (VTOL) Vehicle Market Segmented based on Type, Application, and Maximum takeoff weight.

By Vehicle Type, Multi-rotor segment is expected to dominate the market during the forecast period

  • The Electric Vertical Take-Off and Landing (VTOL) Vehicle Market by type, two predominant categories emerge: Fixed-Wing and Multi-rotor configurations. Fixed-wing VTOL vehicles typically feature a traditional aircraft design with fixed wings, offering advantages in terms of efficiency and range, particularly for longer-distance travel. These models often prioritize speed and endurance, making them suitable for various applications such as cargo delivery and aerial surveillance.
  • On the other hand, Multi-rotor VTOL vehicles, characterized by their multiple rotors, excel in maneuverability and vertical take-off and landing capabilities. They are well-suited for tasks requiring agility and precision, including urban air mobility and inspection services in congested or confined spaces. Each type brings unique strengths to the market, catering to diverse needs across industries such as transportation, logistics, and defense. As the demand for efficient, flexible aerial solutions continues to grow, both Fixed-Wing and Multi-rotor VTOL vehicles are poised to play integral roles in shaping the future of aviation.

By Maximum takeoff weight, 25-170 Kilograms segment held the largest share in 2023

  • The Electric Vertical Take-Off and Landing (VTOL) vehicle market can be segmented based on maximum takeoff weight into three categories: below 25 kilograms, 25 to 170 kilograms, and above 170 kilograms. VTOL vehicles with a maximum takeoff weight below 25 kilograms are typically smaller drones used for applications such as aerial photography, surveillance, and hobby flying. This segment is characterized by lightweight, agile designs suited for short-range missions.
  • In the 25 to 170 kilograms category, VTOL vehicles become more diverse, catering to various commercial and industrial needs. These include delivery drones, agricultural sprayers, and small-scale transportation solutions. Vehicles in this range offer higher payload capacities and extended flight ranges compared to their smaller counterparts. They are employed in sectors like logistics, agriculture, and emergency response, where their versatility and maneuverability prove invaluable.
  • The segment above 170 kilograms encompasses larger, more robust VTOL vehicles designed for heavy-duty applications. These include air taxis, cargo transporters, and urban mobility solutions. With substantial payload capacities and longer flight endurance, these vehicles aim to revolutionize urban transportation and logistics by offering efficient, environmentally friendly alternatives to conventional modes of transit. However, regulatory challenges and infrastructure requirements pose significant hurdles for widespread adoption in this segment.

Electric Vertical Take-Off and Landing (VTOL) Vehicle  Market Regional Insights:

North America is Expected to Dominate the Market Over the Forecast period

  • The North America is poised to maintain its dominance in the Electric Vertical Take-Off and Landing (VTOL) vehicle market. This region's strong position can be attributed to several factors, including robust investment in research and development, supportive regulatory frameworks, and a thriving ecosystem of aerospace and technology companies.
  • The North America boasts significant infrastructure and technological capabilities, fostering innovation and the adoption of VTOL vehicles for various applications such as urban air mobility, cargo transportation, and military operations. Moreover, the presence of key market players and strategic partnerships further strengthens North America's position as a leader in the electric VTOL market. As advancements continue and demand grows, North America is expected to remain at the forefront of this transformative industry, driving growth and shaping the future of air transportation globally.

Active Key Players in the Electric Vertical Take-Off and Landing (VTOL) Vehicle  Market

  • Turkish Aerospace Industries Inc
  •  IdeaForge
  •  Schiebel Elektronische Gerate GmbH
  •  Israel Aerospace Industries Ltd
  •  Boeing Company
  •  Textron Inc
  •  Saab Group
  •   AeroVironment Inc
  •  Lockheed Martin Corporation
  •  DJI Innovations
  •  Latitude Engineering
  •  Northrop Grumman Corporation
  • Other Key Players

Key Industry Developments in the Electric Vertical Take-Off and Landing (VTOL) Vehicle  Market

  • United Parcel Service (UPS) announced the testing of electric vertical take-off and landing aircraft (eVTOLS) for package delivery in April'2022. The company plans to test the 10 Evtol Purchased from Beta Technologies (Beta) for the use in its Express Air Delivery network. These are set to be delivered to UPS in 2024 after receiving the certification from the Federal Aviation Administration (FAA).

Global Electric Vertical Take-Off and Landing (VTOL) Vehicle  Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 1.88 Bn.

Forecast Period 2024-32 CAGR:

55.3%

Market Size in 2032:

USD 63.65 Bn.

Segments Covered:

By Type

  • Fixed-Wing
  • Multi-rotor

By Application

  • Military
  • Government
  • Commercial

By Maximum takeoff weight

  • < 25 Kilograms
  • 25-170 Kilograms
  • > 170 kilograms

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Environmental Concerns and Regulatory Pressures

Key Market Restraints:

  • Infrastructure Limitations

Key Opportunities:

  • Cargo Transport and Logistics

Companies Covered in the report:

  • Turkish Aerospace Industries Inc., IdeaForge,  Schiebel Elektronische Gerate GmbH,  Israel Aerospace Industries Ltd,  Boeing Company, Textron Inc, Saab Group, and Other Major Players.
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    11. ECOSYSTEM
  6. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET BY TYPE (2017-2032)
    1. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. FIXED-WING
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. MULTI-ROTOR
  7. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET BY APPLICATION (2017-2032)
    1. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. MILITARY
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. GOVERNMENT
    5. COMMERCIAL
  8. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET BY MAXIMUM TAKEOFF WEIGHT (2017-2032)
    1. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. < 25 KILOGRAMS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017 – 2032F)
      3. Historic And Forecasted Market Size in Volume (2017 – 2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. 25-170 KILOGRAMS
    5. > 170 KILOGRAMS
  9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Electric Vertical Take-Off and Landing (VTOL) Vehicle Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. TURKISH AEROSPACE INDUSTRIES INC
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. IDEAFORGE
    4.  SCHIEBEL ELEKTRONISCHE GERATE GMBH
    5.  ISRAEL AEROSPACE INDUSTRIES LTD
    6.  BOEING COMPANY
    7.  TEXTRON INC
    8.  SAAB GROUP
    9.   AEROVIRONMENT INC
    10.  LOCKHEED MARTIN CORPORATION
    11.  DJI INNOVATIONS
    12.  LATITUDE ENGINEERING
    13.  NORTHROP GRUMMAN CORPORATION
  10. GLOBAL ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Type
      4. Historic And Forecasted Market Size By Application
      5. Historic And Forecasted Market Size By Maximum Takeoff Weight
      6. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  11. INVESTMENT ANALYSIS
  12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Electric Vertical Take-Off and Landing (VTOL) Vehicle  Market

Base Year:

2023

Forecast Period:

2024-2032

Historical Data:

2017 to 2023

Market Size in 2023:

USD 1.88 Bn.

Forecast Period 2024-32 CAGR:

55.3%

Market Size in 2032:

USD 63.65 Bn.

Segments Covered:

By Type

  • Fixed-Wing
  • Multi-rotor

By Application

  • Military
  • Government
  • Commercial

By Maximum takeoff weight

  • < 25 Kilograms
  • 25-170 Kilograms
  • > 170 kilograms

By Region

  • North America (U.S., Canada, Mexico)
  • Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
  • Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
  • Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • Environmental Concerns and Regulatory Pressures

Key Market Restraints:

  • Infrastructure Limitations

Key Opportunities:

  • Cargo Transport and Logistics

Companies Covered in the report:

  • Turkish Aerospace Industries Inc., IdeaForge,  Schiebel Elektronische Gerate GmbH,  Israel Aerospace Industries Ltd,  Boeing Company, Textron Inc, Saab Group, and Other Major Players.

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET COMPETITIVE RIVALRY
TABLE 005. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET THREAT OF NEW ENTRANTS
TABLE 006. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET THREAT OF SUBSTITUTES
TABLE 007. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET BY TYPE
TABLE 008. FIXED-WING MARKET OVERVIEW (2016-2028)
TABLE 009. MULTI-ROTOR MARKET OVERVIEW (2016-2028)
TABLE 010. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET BY APPLICATION
TABLE 011. MILITARY MARKET OVERVIEW (2016-2028)
TABLE 012. GOVERNMENT MARKET OVERVIEW (2016-2028)
TABLE 013. COMMERCIAL MARKET OVERVIEW (2016-2028)
TABLE 014. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET BY MAXIMUM TAKEOFF WEIGHT
TABLE 015. < 25 KILOGRAMS MARKET OVERVIEW (2016-2028)
TABLE 016. 25-170 KILOGRAMS MARKET OVERVIEW (2016-2028)
TABLE 017. > 170 KILOGRAMS MARKET OVERVIEW (2016-2028)
TABLE 018. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET BY RANGE
TABLE 019. BEYOND LINE OF SIGHT MARKET OVERVIEW (2016-2028)
TABLE 020. VISUAL LINE OF SIGHT MARKET OVERVIEW (2016-2028)
TABLE 021. EXTENDED VISUAL LINE OF SIGHT MARKET OVERVIEW (2016-2028)
TABLE 022. NORTH AMERICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 023. NORTH AMERICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 024. NORTH AMERICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY MAXIMUM TAKEOFF WEIGHT (2016-2028)
TABLE 025. NORTH AMERICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY RANGE (2016-2028)
TABLE 026. N ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 027. EUROPE ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 028. EUROPE ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 029. EUROPE ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY MAXIMUM TAKEOFF WEIGHT (2016-2028)
TABLE 030. EUROPE ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY RANGE (2016-2028)
TABLE 031. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 032. ASIA PACIFIC ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 033. ASIA PACIFIC ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 034. ASIA PACIFIC ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY MAXIMUM TAKEOFF WEIGHT (2016-2028)
TABLE 035. ASIA PACIFIC ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY RANGE (2016-2028)
TABLE 036. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 037. MIDDLE EAST & AFRICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 038. MIDDLE EAST & AFRICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 039. MIDDLE EAST & AFRICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY MAXIMUM TAKEOFF WEIGHT (2016-2028)
TABLE 040. MIDDLE EAST & AFRICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY RANGE (2016-2028)
TABLE 041. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 042. SOUTH AMERICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY TYPE (2016-2028)
TABLE 043. SOUTH AMERICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY APPLICATION (2016-2028)
TABLE 044. SOUTH AMERICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY MAXIMUM TAKEOFF WEIGHT (2016-2028)
TABLE 045. SOUTH AMERICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY RANGE (2016-2028)
TABLE 046. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET, BY COUNTRY (2016-2028)
TABLE 047. TURKISH AEROSPACE INDUSTRIES INC: SNAPSHOT
TABLE 048. TURKISH AEROSPACE INDUSTRIES INC: BUSINESS PERFORMANCE
TABLE 049. TURKISH AEROSPACE INDUSTRIES INC: PRODUCT PORTFOLIO
TABLE 050. TURKISH AEROSPACE INDUSTRIES INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 050. IDEAFORGE: SNAPSHOT
TABLE 051. IDEAFORGE: BUSINESS PERFORMANCE
TABLE 052. IDEAFORGE: PRODUCT PORTFOLIO
TABLE 053. IDEAFORGE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 053. SCHIEBEL ELEKTRONISCHE GERATE GMBH: SNAPSHOT
TABLE 054. SCHIEBEL ELEKTRONISCHE GERATE GMBH: BUSINESS PERFORMANCE
TABLE 055. SCHIEBEL ELEKTRONISCHE GERATE GMBH: PRODUCT PORTFOLIO
TABLE 056. SCHIEBEL ELEKTRONISCHE GERATE GMBH: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 056. ISRAEL AEROSPACE INDUSTRIES LTD: SNAPSHOT
TABLE 057. ISRAEL AEROSPACE INDUSTRIES LTD: BUSINESS PERFORMANCE
TABLE 058. ISRAEL AEROSPACE INDUSTRIES LTD: PRODUCT PORTFOLIO
TABLE 059. ISRAEL AEROSPACE INDUSTRIES LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 059. BOEING COMPANY: SNAPSHOT
TABLE 060. BOEING COMPANY: BUSINESS PERFORMANCE
TABLE 061. BOEING COMPANY: PRODUCT PORTFOLIO
TABLE 062. BOEING COMPANY: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 062. TEXTRON INC: SNAPSHOT
TABLE 063. TEXTRON INC: BUSINESS PERFORMANCE
TABLE 064. TEXTRON INC: PRODUCT PORTFOLIO
TABLE 065. TEXTRON INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 065. SAAB GROUP: SNAPSHOT
TABLE 066. SAAB GROUP: BUSINESS PERFORMANCE
TABLE 067. SAAB GROUP: PRODUCT PORTFOLIO
TABLE 068. SAAB GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 068. AEROVIRONMENT INC: SNAPSHOT
TABLE 069. AEROVIRONMENT INC: BUSINESS PERFORMANCE
TABLE 070. AEROVIRONMENT INC: PRODUCT PORTFOLIO
TABLE 071. AEROVIRONMENT INC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 071. LOCKHEED MARTIN CORPORATION: SNAPSHOT
TABLE 072. LOCKHEED MARTIN CORPORATION: BUSINESS PERFORMANCE
TABLE 073. LOCKHEED MARTIN CORPORATION: PRODUCT PORTFOLIO
TABLE 074. LOCKHEED MARTIN CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 074. DJI INNOVATIONS: SNAPSHOT
TABLE 075. DJI INNOVATIONS: BUSINESS PERFORMANCE
TABLE 076. DJI INNOVATIONS: PRODUCT PORTFOLIO
TABLE 077. DJI INNOVATIONS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 077. LATITUDE ENGINEERING: SNAPSHOT
TABLE 078. LATITUDE ENGINEERING: BUSINESS PERFORMANCE
TABLE 079. LATITUDE ENGINEERING: PRODUCT PORTFOLIO
TABLE 080. LATITUDE ENGINEERING: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 080. NORTHROP GRUMMAN CORPORATION: SNAPSHOT
TABLE 081. NORTHROP GRUMMAN CORPORATION: BUSINESS PERFORMANCE
TABLE 082. NORTHROP GRUMMAN CORPORATION: PRODUCT PORTFOLIO
TABLE 083. NORTHROP GRUMMAN CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 083. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 084. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 085. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 086. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET OVERVIEW BY TYPE
FIGURE 012. FIXED-WING MARKET OVERVIEW (2016-2028)
FIGURE 013. MULTI-ROTOR MARKET OVERVIEW (2016-2028)
FIGURE 014. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET OVERVIEW BY APPLICATION
FIGURE 015. MILITARY MARKET OVERVIEW (2016-2028)
FIGURE 016. GOVERNMENT MARKET OVERVIEW (2016-2028)
FIGURE 017. COMMERCIAL MARKET OVERVIEW (2016-2028)
FIGURE 018. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET OVERVIEW BY MAXIMUM TAKEOFF WEIGHT
FIGURE 019. < 25 KILOGRAMS MARKET OVERVIEW (2016-2028)
FIGURE 020. 25-170 KILOGRAMS MARKET OVERVIEW (2016-2028)
FIGURE 021. > 170 KILOGRAMS MARKET OVERVIEW (2016-2028)
FIGURE 022. ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET OVERVIEW BY RANGE
FIGURE 023. BEYOND LINE OF SIGHT MARKET OVERVIEW (2016-2028)
FIGURE 024. VISUAL LINE OF SIGHT MARKET OVERVIEW (2016-2028)
FIGURE 025. EXTENDED VISUAL LINE OF SIGHT MARKET OVERVIEW (2016-2028)
FIGURE 026. NORTH AMERICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 027. EUROPE ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 028. ASIA PACIFIC ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 029. MIDDLE EAST & AFRICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 030. SOUTH AMERICA ELECTRIC VERTICAL TAKE-OFF AND LANDING (VTOL) VEHICLE MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Electric Vertical Take-Off and Landing (VTOL) Vehicle Market research report?

The forecast period in the Electric Vertical Take-Off and Landing (VTOL) Vehicle  Market  research report is 2024-2032.

Who are the key players in the Electric Vertical Take-Off and Landing (VTOL) Vehicle Market ?

Turkish Aerospace Industries Inc, IdeaForge,  Schiebel Elektronische Gerate GmbH,  Israel Aerospace Industries Ltd,  Boeing Company,Textron Inc, Saab Group, and Other Major Players.

What are the segments of the Electric Vertical Take-Off and Landing (VTOL) Vehicle Market?

The Electric Vertical Take-Off and Landing (VTOL) Vehicle  Market is segmented Type, Application and Maximum takeoff weight and Region. By Type, the market is categorized into Fixed-Wing and multi-rotor. By Application, the market is categorized into Military, Government, and Commercial. By Maximum takeoff weight, the market is categorized into < 25 Kilograms, 25-170 Kilograms, > 170 kilograms. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Electric Vertical Take-Off and Landing (VTOL) Vehicle Market?

An Electric Vertical Take-Off and Landing (VTOL) vehicle is an aircraft capable of lifting off vertically like a helicopter, but with the ability to transition to horizontal flight like an airplane. Unlike traditional aircraft, VTOL vehicles don't require a runway for takeoff or landing, making them suitable for urban environments and other constrained spaces. They are powered by electric propulsion systems, which offer advantages such as reduced emissions, lower operating costs, and quieter operation compared to traditional combustion engines. VTOL vehicles have a wide range of potential applications, including urban air mobility, cargo transportation, and military operations.

How big is the Electric Vertical Take-Off and Landing (VTOL) Vehicle Market?

Electric Vertical Take-Off and Landing (VTOL) Vehicle Market Size Was Valued at USD 1.21 Billion in 2023, and is Projected to Reach USD 63.65 Billion by 2032, Growing at a CAGR of 55.3% From 2024-2032.