Status : Published Published On : Apr, 2024 Report Code : VRAD12029 Industry : Aerospace and Defense Available Format : Page : 210
2025
2030

Global eVTOL Aircraft Market – Analysis and Forecast (2025-2030)

By Lift Technology (Lift Plus Cruise, Multirotor and Vectored Thrust), By Mode of Operation (Autonomous, Semi-Autonomous and Piloted), By Propulsion Type (Hybrid-Electric, Hydrogen-Electric and Battery-Electric), By Range (0-200 Km and 200-500 Km), By Application (Military, Emergency Medical Services (EMS) and Commercial) and By Geography (North America, Europe, Asia-Pacific, Latin America and Middle East & Africa)

Industry Overview

Global eVTOL Aircraft Market is anticipated to grow from USD 1.1 billion in 2023 to USD 24.3 billion in 2030 at a CAGR of 52.6 % during the forecast period from 2025 to 2030. 

An electric vertical takeoff and landing (eVTOL) aircraft is an electrically powered aircraft which offers efficient and faster services. An eVTOL aircraft is considered a next-generation travel solution due to the safety and multi-facet benefits. eVTOL aircraft  reduce the trip timing and are extremely environment friendly which helps in the reduction of carbon emissions. Electrical vertical takeoff and landing aircraft are used for agricultural activities, rescue missions, transportation, medical services and logistics. Generally, aircraft need a runway to take off or land; an exception to such aircraft, electric VTOL is designed to take off and land vertically without a long run away. Multiple motors manufacture eVTOL aircraft that ensure safety and enhance aircraft efficiency. In the global aviation sector, the invention of electric vertical takeoff and landing aircraft is considered as an independent technological solution for transportation needs. The increasing need for modern transportation methods and noise-free aircraft will accelerate the global demand for advanced eVTOL aircraft.

Market Segmentation

Insight by Lift Technology 

On the basis of lift technology type, the eVTOL Aircraft Market is divided into Lift Plus Cruise, Multirotor, Vectored Thrust. Among these, the vectored thrust category has the largest share in the revenue as this technology provides better endurance to the aircraft to enhance efficiency during the performance.  

Insight by Mode of Operation

Based on mode of operation, the eVTOL Aircraft Market is segmented into Autonomous, Semi-Autonomous and Piloted. Piloted division dominated the market during the forecast period due to increased demand from the emergency medical service sector. 

Insight by Propulsion type

The eVTOL Aircraft Market is classified into Hybrid-Electric, Hydrogen-Electric, Battery-Electric based on propulsion type. Battery-electric segment accounted for the largest share and is anticipated to dominate the market during the forecast period as it reduces the operation cost and carbon footprint.

Insight by Range

On the basis of range, eVTOL Aircraft Market is segregated into 0-200 Km and 200-500 Km. 200-500 Km segment played a major role in boosting the market during the forecast period. 

Insight by Application

By application, eVTOL Aircraft Market is divided into Military, Emergency Medical Services (EMS) and Commercial. Commercial division dominated the market during the forecast period with the rapid adoption of air delivery services by air taxis and drones in urban areas

Global eVTOL Aircraft Market Report Coverage

Report Metric

Details

Historical Period

2018 - 2023

Base Year Considered

2024

Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  1.1 Billion

Revenue Forecast in 2030

U.S.D.  24.3 Billion

Growth Rate

52.6%

Segments Covered in the Report

By Lift Technology, By Mode of Operation, By Propulsion Type, By Range, By Application

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Europe, Asia-Pacific, Latin America and Middle East & Africa

Industry Dynamics

Growth Drivers

The technological advancement and investment in the research sector of eVTOL aircraft are the  primary driving factors for the growth of the market. Electronic technologies are also transforming rapidly which has shown significant growth in the global market for eVTOL aircraft. Technologically advanced eVTOL aircraft that shall fuel the growth of the global market for eVTOL companies such as SpaceX, AirBus and NASA during the forecast period of 2025-2030. Various companies are focusing on developing eVTOL aircraft which produce less carbon emission and support green energy. To reduce shipping time, retail and logistic industries focus more on drone delivery services which are the fastest-growing contributors to the revenue share in the global market for eVTOL aircraft. Furthermore, the market's overall growth is due to the increasing need for quick-flying aircraft services. Rising collaboration, strategic partnerships, and investments from other sectors into the eVTOL sector for developing and manufacturing eVTOL aircraft are considered major drivers for the growth of the global market for eVTOL aircraft. Growing urban population demands solutions for smarter transportation, such as air taxis, air mobility and other quick but affordable methods will likely drive the market during the forecast period.

Restraints

The major restraining factor in the growth of the eVTOL aircraft market is the slow public acceptance of eVTOL aircraft services. Safety is another concern associated with eVTOL aircraft services that will likely hamper the market's growth. However, strict regulations for the approvals of eVTOL aircraft hinder the market growth. 

Geographic Overview

  • North America

  • Europe

  • Asia Pacific (APAC)

  • Latin America

  • Middle East and Africa

North America dominates the market geographically due to its rapid adoption of eVTOL aircraft for urban air mobility. The market will likely maintain growth during the forecast period, with the bigger spending on research and development (R&D) activities in the aviation field. 

Key Players Covered in the Report

Some of the key players in this market are Airbus SE, Kitty Hawk, Joby Aviation, Beta Technologies, Bell Textron, Inc., EHang Holdings Ltd., Elbit Systems) Ltd., Embraer SA, 

Recent developments by Key Players

Elbit Systems will supply the Skylark 1 electric vertical take-off and landing (eVTOL) drone to the Israeli Defense Forces (IDF). The IDF Artillery Corps will receive the small tactical unmanned aerial system, replacing the aging hand-launched Skylark 1.

The global eVTOL Aircraft Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • By Lift Technology
    • Lift Plus Cruise
    • Multi-rotor
    • Vectored Thrust
  • By Mode of Operation
    • Semi-Autonomous 
    • Autonomous
    • Piloted
  • By Propulsion Type
    • Hybrid-Electric 
    • Hydrogen-Electric
    • Battery-Electric
  • By Range
    • 0-200 Km
    • 200-500 Km
  • By Application
    • Military
    • Emergency Medical Services (Ems)
    • Commercial

Region Covered in the Report

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of APAC
  • Latin America
    • Brazil
    • Argentina
    • Rest of Latin America
  • Middle East and Africa
    • Turkey
    • UAE
    • Saudi Arabia
    • South Africa
    • Rest of MEA

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle

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