With the population growing exponentially in the urban areas, traffic on roads is also increasing, which is a significant factor that is expected to drive the airspace travel. Land infrastructure is limited, and further expansion is expensive. Therefore, there is a need for advancement in the mode of transportation, such as airspace travel. Air commutes are faster and efficient compared to road transport. The air vehicles used in airspace are UAVs, air taxi, and air ambulance, and drones, which are more environmentally friendly and energy-saving than the land-based transport. The passenger air vehicles are a potentially viable solution to roadway congestion.
The eVTOL aircraft market is growing at a fast rate, with an increasing demand for the aircraft for air taxi and personal aerial vehicle (PAV) applications. The eVTOL aircraft are in different phases, such as initial design, scaled prototype, flight testing, in-service, and defunct. The eVTOL aircraft need thrust to operate, and the same is provided with the help of different forms of technologies such as vectored thrust, lift & cruise, rotorcraft (single rotor and multi-rotor), and hoverbikes.
These aircraft have a different set of components incorporated in it. The components are an essential part of the eVTOL aircraft, as the set of applications are decided on the basis of components and payload used. The majority of the components used in the eVTOL aircraft are sensors, camera, airframes, lidar, radar, battery, motor, INS, and GPS. A Rotorcraft is a 21st century, a heavier-than-air flying machine that lifts into the air with the help of rotary blades or rotary wings. Rotorcraft requires one or more motors to provide the thrust to the aircraft throughout the flight. Rotorcraft are primarily classified into two types- single rotor and multi-rotor.
Partnerships, agreements, product launches, mergers and acquisitions, and contracts turned out to be a preferred strategy of key players in the expansion of the eVTOL aircraft market. Companies received numerous contracts by offering high-end products at competitive prices. The companies with similar goals are forming joint ventures to assist each other. Such alliances help companies to improve their technological expertise, expand and increase their range of services, and thus facilitate each other in achieving the objectives faster.
For Report Sample, Click here: https://bisresearch.com/requestsample?id=799&type=download
The eVTOL aircraft market can be divided into four sub-segments based on technology, i.e., rotorcraft (single rotor and multi-rotor), vectored thrust, lift + cruise, and hoverbikes. The key players such as Airbus, Bell Helicopter, Textron System, Kitty Hawk, Lilium, and EHang are actively working on various aircraft prototypes to serve the eVTOL aircraft market.
UPCOMING INDUSTRY TRENDS 