The Latest Evtol Industry Statistics Explained
As of 2021, there are over 200 EVtol projects globally.
The statistic “As of 2021, there are over 200 EVtol projects globally” indicates that there are more than 200 Electric Vertical Takeoff and Landing (EVtol) projects currently in progress worldwide. This statistic underscores the increasing interest and investment in electrically powered air mobility solutions, particularly in the context of urban air transportation. These projects involve the development of electric vertical takeoff and landing aircraft that have the potential to revolutionize transportation by offering faster, more efficient, and environmentally friendly modes of travel. The diversity and scale of these projects reflect a significant advancement in the aviation industry towards achieving sustainable and innovative mobility solutions for the future.
The global EVTOL aircraft market size was valued at USD 1.31 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 39.7% from 2021 to 2030.
The statistic indicates that the global Electric Vertical Take-off and Landing (EVTOL) aircraft market was worth USD 1.31 billion in 2020 and is projected to experience significant growth, with a compound annual growth rate (CAGR) of 39.7% from 2021 to 2030. This suggests a robust upward trend in the industry, driven by factors such as increasing demand for innovative urban air mobility solutions, advancements in battery technology, and growing focus on sustainability in the aviation sector. The soaring CAGR signifies a rapid expansion in market size over the next decade, reflecting the potential for EVTOL aircraft to revolutionize transportation through their vertical take-off and landing capabilities, paving the way for enhanced urban mobility and efficient aerial transportation systems.
The annual market potential of events EVTOL could be worth $20 billion.
The statistic “The annual market potential of events EVTOL could be worth $20 billion” implies that the estimated worth of the EVTOL (Electric Vertical Takeoff and Landing) market on an annual basis is $20 billion. EVTOL technology refers to electric aircraft that are capable of vertical takeoff and landing, potentially revolutionizing the transportation industry. This statistic signifies the significant economic opportunity that the EVTOL market presents, indicating the potential for substantial industry growth and investment. It suggests that the market for EVTOL vehicles is sizable and has the capacity to generate considerable revenue and economic value.
Roughly, 450 passenger EVtol aircraft are expected to be in service by 2028.
The statistic suggests that around 450 electric vertical takeoff and landing (eVTOL) aircraft, designed to carry passengers, are projected to be operational by the year 2028. This forecast indicates a growing interest and investment in the development of electric aircraft technology for urban air mobility and short-distance transportation. The anticipated number of eVTOL aircraft in service by 2028 signifies a significant milestone in the advancement of sustainable aviation solutions and the potential shift towards electric-powered modes of transportation within the aerospace industry.
Experts predict that by 2040, EVtol aircraft can potentially replace 20% of car trips.
The statistic “Experts predict that by 2040, EVtol aircraft can potentially replace 20% of car trips” suggests a significant shift in transportation patterns as electric vertical takeoff and landing (EVtol) aircraft technology continues to advance. This projection indicates that a notable portion of current car trips could be replaced by utilizing EVtol aircraft for transport, offering a more efficient and environmentally friendly alternative. If realized, this shift could alleviate some of the congestion on roads, reduce emissions, and potentially reshape urban mobility landscapes. However, the success of this prediction will depend on various factors such as infrastructure development, regulatory approvals, public acceptance, and technological advancements in the EVtol sector.
Morgan Stanley predicts the EVtol market could be worth $1.5 trillion by the year 2040.
The statistic from Morgan Stanley predicts that the electric vertical take-off and landing (eVTOL) market has the potential to reach a value of $1.5 trillion by the year 2040. This estimate suggests a significant growth trajectory for the eVTOL market over the next two decades, indicating a substantial market opportunity for companies operating in this sector. The prediction reflects the anticipated increase in demand for eVTOL aircraft as a solution for urban air mobility and transportation, as well as for other applications such as package delivery and aerial logistics. The size of the projected market value underscores the potential economic impact and importance of eVTOL technology in the future transportation landscape.
It’s projected that there will be around 43000 EVtol aircraft in service by 2040.
The statistic “It’s projected that there will be around 43000 EVTOL aircraft in service by 2040” indicates the anticipated growth and adoption of Electric Vertical Takeoff and Landing (EVTOL) aircraft in the coming years. EVTOL aircraft are a type of electric aircraft that have the capability to take off and land vertically, offering potential benefits in terms of urban air mobility and transportation efficiency. The projected figure of 43,000 EVTOL aircraft in service by 2040 reflects an optimistic outlook for the advancement of this technology and its integration into the aviation industry globally. This statistic underscores the increasing trend towards sustainable and innovative aviation solutions, as well as the potential impact of EVTOL aircraft in shaping the future of transportation.
The Asia-Pacific EVtol market is projected to grow at the highest CAGR of 27.28% from 2025 to 2035.
This statistic suggests that the Asia-Pacific Electric Vertical Takeoff and Landing (EVTOL) market is anticipated to experience significant growth at a compound annual growth rate (CAGR) of 27.28% between the years 2025 and 2035. This growth rate is notably higher compared to other regions and indicates a strong market potential for EVTOL technology and services in the Asia-Pacific region. Factors such as increasing urbanization, rising demand for efficient transportation solutions, and government initiatives to promote sustainable mobility are expected to drive this growth. This projection highlights the growing importance and adoption of EVTOL technology in the Asia-Pacific region over the next decade.
The European region is anticipated to have the largest EVtol aircraft market share by 2030.
This statistic suggests that by the year 2030, the European region is expected to lead in terms of market share for Electric Vertical Takeoff and Landing (eVTOL) aircraft. This prediction indicates a strong market potential and growth for eVTOL aircraft within Europe compared to other regions globally. Factors contributing to this anticipated lead in market share could include technological advancements, government investments and support, regulatory frameworks conducive to eVTOL development, as well as a growing demand for sustainable transportation solutions in the region. This statistic implies that European countries are likely to play a significant role in shaping the future of eVTOL aircraft technology and adoption on a global scale.
The global EVTOL aircraft market is anticipated to generate a revenue of $240.68 billion by 2030.
The statistic suggests that the global electrical vertical take-off and landing (EVTOL) aircraft market is expected to experience significant growth, with an anticipated revenue of $240.68 billion by the year 2030. This forecast indicates a substantial market demand for EVTOL aircraft, which are electrically powered vehicles capable of vertical take-off and landing. Factors driving this growth may include advancements in technology, increasing interest in sustainable modes of transportation, and the potential benefits of EVTOL aircraft in terms of efficiency, speed, and urban mobility. The projected revenue figure of $240.68 billion further highlights the potential economic impact and market opportunities within the EVTOL aircraft industry in the coming decade.
Approximately 45% of the total cost of EVtol aircraft is battery costs.
The statistic states that about 45% of the overall cost of Electric Vertical Take-off and Landing (eVTOL) aircraft can be attributed to the expense of batteries. This highlights the significant impact that battery costs have on the total budget required to develop and manufacture eVTOL aircraft. Given that batteries are a crucial component in powering these electric aircraft, the substantial proportion they represent in total costs underscores the importance of advancements in battery technology and cost reduction strategies for making eVTOL aircraft more financially viable and competitive in the aviation industry.
North America is expected to be the most promising market for EVtol aircraft, reaching USD 15.30 billion by 2030.
The statistic indicates that North America is forecasted to become the leading market for Electric Vertical Takeoff and Landing (EVtol) aircraft, with an estimated value of USD 15.30 billion by the year 2030. This suggests that the region is expected to experience significant growth and investment in the EVtol aircraft industry over the next decade. Factors such as technological advancements, increasing demand for sustainable transportation solutions, and supportive regulatory frameworks are likely to contribute to the promising market outlook for EVtol aircraft in North America. This projection signifies a lucrative opportunity for industry stakeholders, including manufacturers, suppliers, and service providers, to capitalize on the growing market potential in the region.
By 2025, it is expected that urban air mobility based on EVtol technology will become a multibillion-dollar market.
The statistic suggests that by the year 2025, the market for urban air mobility utilizing Electric Vertical Takeoff and Landing (eVTOL) technology is predicted to reach a value in the multibillion-dollar range. This forecast indicates a significant growth in the adoption and implementation of eVTOL technology for urban transportation, likely driven by factors such as increasing urbanization, the demand for more efficient modes of transportation, and advancements in electric propulsion systems. The projection underscores the potential economic opportunities and market potential for companies involved in the development and deployment of eVTOL aircraft, signaling a promising future for the urban air mobility sector with substantial monetary implications.
By 2035, it is estimated that the cargo carrying EVtol aircraft market will surpass passenger-carrying EVtols in market size.
The statistic suggests that by the year 2035, the market size for electric vertical takeoff and landing (EVtol) aircraft geared towards transporting cargo is projected to exceed the market size of EVtols designed for carrying passengers. This prediction indicates a growing demand and interest in utilizing EVtols for transporting goods and cargo, likely driven by factors such as increasing e-commerce activities, urbanization, and efforts to reduce carbon emissions. The shift in market dominance towards cargo-carrying EVtols also signifies potential advancements in technology, infrastructure, and regulatory frameworks that support the development and adoption of electric aircraft for logistics and supply chain purposes.
It is expected that by 2040, EVtol could capture $250 billion of the total cost of UAM (urban air mobility).
The statistic suggests that by the year 2040, electric vertical takeoff and landing (eVTOL) aircraft could potentially account for $250 billion of the total cost of urban air mobility (UAM) services. This projection indicates the significant market potential and growth opportunities for eVTOL technology in the UAM sector. As advancements in electric propulsion and autonomous flight technologies continue to evolve, it is anticipated that eVTOL aircraft will play a substantial role in transforming urban transportation, offering a more sustainable and efficient mode of air travel for urban populations. The $250 billion figure highlights the substantial economic impact that eVTOL vehicles could have within the UAM industry by 2040.
The Asia Pacific market is projected to provide the most vigorous growth opportunities to EVtol entities with China being a most significant contender.
This statistic indicates that the Asia Pacific market is expected to offer the most robust growth prospects for electric vertical takeoff and landing (eVTOL) companies, with China emerging as a major player in the industry. The region’s favorable regulatory environment, growing urban air mobility needs, and increasing investments in electric aviation technology are likely driving this trend. As the Asia Pacific region continues to urbanize and face challenges related to congestion and pollution, there is a rising demand for innovative transportation solutions like eVTOLs. With its substantial market potential and strong government support, China is positioned to play a significant role in shaping the eVTOL industry’s future growth in the region.
Nearly 70% of commercial airline pilots showed interest in transitioning to the EVtol market in a poll conducted by Vertical Flight Society in 2020.
The statistic indicates that a significant proportion, specifically nearly 70%, of commercial airline pilots expressed interest in transitioning to the Electric Vertical Takeoff and Landing (eVTOL) market, as revealed in a poll conducted by the Vertical Flight Society in 2020. This level of interest among such a high percentage of pilots suggests a potential shift or growing attraction towards the emerging eVTOL industry within the aviation sector. Pilots’ willingness to consider transitioning to eVTOL aircraft may reflect a recognition of the technological advancements, environmental benefits, or career opportunities associated with this innovative sector within the aviation industry.
EVTOL aircraft market in Europe was valued at around USD 171.3 Million in 2020.
The statistic indicates that the market for Electric Vertical Takeoff and Landing (EVTOL) aircraft in Europe had a total value of approximately USD 171.3 million in the year 2020. This figure represents the overall monetary worth of EVTOL aircraft sales, services, and related activities in the European market during that specific year. The valuation suggests that there is a growing interest and investment in the EVTOL aircraft industry in Europe, possibly due to advancements in technology, environmental concerns, and the potential for these aircraft to revolutionize urban air transportation. Understanding the market value provides insight into the current economic significance and potential growth prospects of EVTOL aircraft within the European region.
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