The eVTOL aircraft market size is projected to grow from USD 1.2 Billion in 2023 to USD 23.4 Billion by 2030, at a CAGR of 52.0% from 2023 to 2030, according to the latest MarketsandMarkets forecast.
“Among EVTOL modes of operations, piloted operation emerges as the fastest-growing segment. While autonomous holds future potential, piloted operation exhibits advantages that propel its growth. Passengers find reassurance and trust in the presence of human pilots, particularly during the initial stages of EVTOL deployment. Addressing safety concerns and regulatory compliance becomes more streamlined with human oversight. Moreover, seamless integration with existing airspace infrastructure and air traffic management systems simplifies the regulatory framework and accelerates market acceptance,” according to the forecasters.
The >200 km range category demonstrates the highest growth rate and Europe is projected to be the fastest-growing region in the eVTOL aircraft market during the forecast period. Asia Pacific is projected to grow at the second highest CAGR, while Latin America is projected to grow at the third highest CAGR during the forecast period.
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