Aerospace, Defence and Security

Emerging eVTOL Technology: Creating Growth Opportunities in the Urban Air Mobility Landscape

Feasibility Study of Operational Costs for eVTOL Aircraft versus Traditional ICE Aircraft


RELEASE DATE
17-Nov-2023
REGION
North America
DELIVERABLE TYPE
Market Research

RESEARCH CODE
MH11-01-00-00-00
SKU
AE_2023_333
Yes
SHARE

Emerging eVTOL Technology: Creating Growth Opportunities in the Urban Air Mobility Landscape
Published on: 17-Nov-2023 | SKU: AE_2023_333

Need more details?

$2,450.00

$1,837.50 save 25 %

DownloadLink
Need more details?

Urban air mobility (UAM), also known as advanced air mobility (AAM), is among the fastest-growing emerging industries in the mobility landscape. In 2018, approximately 100 electric vertical take-off and landing (eVTOL) aircraft concepts were registered with the Vertical Flight Society (VFS), and, as of late 2022, this number was in the region of approximately 700 concepts (about a 120% year-over-year [YoY] average growth). Although an emerging industry with recent explosive growth, there is still uncertainty surrounding the expected operational cost of UAM aircraft as well as MRO structure, certification, and regulation.

The MRO industry is well-established for traditional internal combustion engine (ICE) aircraft, with approximately $80 billion spent globally in 2022. However, due to the fundamental design differences in eVTOL versus ICE aircraft, this is a particular area of major growth opportunities in the emerging UAM space.

This study compares the maintenance, repair, and overhaul (MRO) elements of ICE and eVTOL aircraft, assessing the operational cost feasibility of eVTOL aircraft, and concluding with growth opportunities in the emerging eVTOL aircraft space. Owing to limited data on the operational costs of eVTOL aircraft and their composition, this study details the modeling approach to derive operational cost estimates.

Author: Shehroz Sayeed

Why is it Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top 3 Strategic Imperatives on the UAM Industry

Growth Opportunities Fuel the Growth Pipeline Engine™

Context

Research Scope and Overview

UAM Key Component 1—Aircraft Types

UAM Key Component 1—Aircraft Types (continued)

UAM Key Component 2—Infrastructure

Key Industry Developments, 2023—Key Contracts, Mergers and Acquisitions, and Partnerships

UAM Aircraft Global Competitors

UAM and ICE Aircraft MRO Overview

ICE Aircraft Selection—Fixed Wing and Rotary Wing

UAM Aircraft Selection and Operating Cost Methodology for Analysis

MRO Cost—Fixed-wing Light Aircraft

Operational Cost Analysis—Fixed-wing Light Aircraft

MRO Cost—Rotary Wing (Helicopters)

Operational Cost Analysis—Rotary Wing (Helicopters)

MRO Cost—UAM Aircraft

Operational Cost Analysis—UAM Aircraft

Operational Cost Analysis—UAM Aircraft (continued)

Operational Cost Comparison Analysis—ICE and UAM Aircraft

Operational Cost Comparison Analysis—ICE and UAM Aircraft (continued)

Feasibility of UAM Aircraft Operation Assessment

Growth Drivers

Growth Restraints

Growth Opportunity 1: Aircraft MRO Providers Expanding Service Capabilities to Include UAM MRO Operations

Growth Opportunity 1: Aircraft MRO Providers Expanding Service Capabilities to Include UAM MRO Operations (continued)

Growth Opportunity 2: Battery Technology Providers Innovating to Meet Projected Demand for High-density Batteries in UAM

Growth Opportunity 2: Battery Technology Providers Innovating to Meet Projected Demand for High-density Batteries in UAM (continued)

Growth Opportunity 3: Aircraft and Subsystem OEMs Developing UAM Parts and Platforms through Transferability

Growth Opportunity 3: Aircraft and Subsystem OEMs Developing UAM Parts and Platforms through Transferability (continued)

List of Exhibits

Legal Disclaimer

List of Figures
  • Emerging eVTOL Technology: UAM Growth Drivers, Global, 2024
  • Emerging eVTOL Technology: UAM Growth Restraints, Global, 2024

Have questions about this research or need deeper insights?
Speak directly with our analytics experts for tailored recommendations.

Recent related Aerospace Defence and Security research

21 Oct 2026   |   Global   |   Market Research

Insights for CISOs: The Transition to Quantum-Safe

The emergence of post-quantum cryptography (PQC) reflects a significant problem: powerful quantum computers may soon compromise the cryptographic algorithms underpinning today’s digital economy, threatening the confidentiality and integrity of sensitive data and communications. Addressing this risk ...

16 Oct 2026   |   Global   |   Market Research

Customer Transformation Journeys External Risk Mitigation and Management: BitSight

This report explores how organizations are accelerating cyber risk reduction and remediation through Bitsight’s intelligent External Risk Management and Mitigation (ERMM) solution. It examines customer transformation journeys, highlighting how continuous visibility, contextualized risk intelligence,...

15 Oct 2026   |   Global   |   Market Research

Network Detection and Response (NDR) Sector, Global, 2026–2030

This study examines the global NDR market over the 2022–2030 forecast period. It finds that rising investment reflects NDR's evolution from a discretionary security enhancement into a foundational component of enterprise cyber defense, underscoring stronger buyer commitment and heightened vendor com...

09 Oct 2026   |   Global   |   Frost Radar

Frost Radar™: Workforce Identity and Access Management, 2026

Hybrid work and software as a service have shifted security enforcement from the network perimeter to identity, transforming it into a control plane. Workforce identity and access management (IAM) now determines whether every user, device, and session should retain access based on context, risk, and...

07 Oct 2026   |   Global   |   Frost Radar

Frost Radar™: Network Detection and Response, 2026

The rapid evolution of enterprise IT environments, driven by cloud adoption, connected devices, and hybrid infrastructure, has rendered legacy perimeter defenses inadequate. Network detection and response (NDR) has become a strategic imperative, providing continuous visibility across network traffi...

 

Purchase includes:
  • Report download
  • Growth Dialog™ with our experts

Growth Dialog™

A tailored session with you where we identify the:
  • Strategic Imperatives
  • Growth Opportunities
  • Best Practices
  • Companies to Action

Impacting your company's future growth potential.