Lucintel's latest market report analyzed that electric VTOL (eVTOL) aircraft provides attractive opportunities in the fully electric, hybrid electric, and hydrogen-electric market. The electric VTOL (eVTOL) aircraft market is expected to reach $XX billion by 2028 with a CAGR of 15% to 17%. In this market, multirotor is the largest segment by technology, whereas hydrogen-electric is largest by propulsion type.
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Based on technology, the electric VTOL (eVTOL) aircraft market is segmented into vectored thrust, multirotor, and lift plus cruise. The multirotor segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to because it is increasingly used in various applications from transporting passengers and emergency services to recreational activities like aerial photography.
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The Electric VTOL (eVTOL) Aircraft Market is marked by the presence of several big and small players. Some of the prominent players offering electric VTOL (eVTOL) aircraft include EHANG, Volocopter, Uber Technologies, Aurora Flight Sciences, Bell Textron, Workhorse, Lilium, Terrafugia, OXIS Energy, and Karem Aircraft.
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