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

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

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

Source: VynZ Research

Source: VynZ Research

1.    Research Overview

        1.1.    The Report Offers
        1.2.    Market Coverage
                1.2.1.    By Lift Technology
                1.2.2.    By Mode of Operation
                1.2.3.      By Propulsion Type
                1.2.4.      By Range 
                1.2.5.      By Application
                1.2.6.    By Region
        1.3.    Research Phases
        1.4.    Limitations
        1.5.    Market Methodology
                1.5.1.  Data Sources
                        1.5.1.1. Primary Research
                        1.5.1.2. Secondary Research
                1.5.2.  Methodology
                        1.5.2.1. Data Exploration
                        1.5.2.2. Forecast Parameters
                        1.5.2.3. Data Validation
                        1.5.2.4. Assumptions
                1.5.3.    Study Period & Data Reporting Unit

2.    Executive Summary

3.    End-user Type Overview

        3.1.    End-user Type Dynamics
                3.1.1.    Market Growth Drivers
                3.1.2.    Market Restraints
                3.1.3.    Key Market Trends
                3.1.4.    Major Opportunities
        3.2.    End-user Type Ecosystem
                3.2.1.    Porter’s Five Forces Analysis
                3.2.2.    Recent Development Analysis
                3.2.3.    Value Chain Analysis
        3.3.    Competitive Insight
                3.3.1.    Competitive Position of End-user Type Players
                3.3.2.    Market Attractive Analysis
                3.3.3.    Market Share Analysis

4.    Global Market Estimate and Forecast

        4.1.    Global Market Overview
        4.2.    Global Market Estimate and Forecast for 2030

5.    Market Segmentation Estimate and Forecast

        5.1.    By Lift Technology 
                5.1.1.  Lift Plus Cruise
                        5.1.1.1. Market Definition
                        5.1.1.2. Market Estimation and Forecast to 2030
                 5.1.2    Multirotor
                        5.1.2.1. Market Definition
                        5.1.2.2. Market Estimation and Forecast to 2030
                 5.1.3.    Vectored Thrust
                        5.1.3.1. Market Definition
                        5.1.3.2. Market Estimation and Forecast to 2030
        

        5.2.    By Mode of Operation
                5.2.1.  Autonomous
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                5.2.2.    Semi-Autonomous
                        5.2.1.1. Market Definition
                        5.2.1.2. Market Estimation and Forecast to 2030
                               
        5.3    By Propulsion Type
                5.3.1.  Hybrid-Electric
                        5.3.1.1. Market Definition
                        5.3.1.2. Market Estimation and Forecast to 2030    
                5.3.2.  Hydrogen-Electric and Battery-Electric
                        5.3.2.1. Market Definition
                        5.3.2.2. Market Estimation and Forecast to 2030     
         
    5.4.    By Range 
                5.4.1.    0-200 Km 
                        5.4.1.1. Market Definition
                        5.4.1.2. Market Estimation and Forecast to 2030
                 5.4.2.  200-500 Km
                        5.4.2.1. Market Definition
                        5.4.2.2. Market Estimation and Forecast to 2030
        
    5.5.    By Application
                  5.5.1.    Military
                        5.5.1.1. Market Definition
                        5.5.1.2. Market Estimation and Forecast to 2030
                  5.5.2.    Emergency Medical Services (EMS)
                        5.5.2.1. Market Definition
                        5.5.2.2. Market Estimation and Forecast to 2030
                   5.5.3.    Commercial
                        5.5.3.1. Market Definition
                        5.5.3.2. Market Estimation and Forecast to 2030

6.    North America Market Estimate and Forecast

    6.1.    By Lift Technology
    6.2.    By Mode of Operation
    6.3.    By Propulsion Type
    6.4.    By Range
    6.5.    By Application
    6.6.    By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
                6.6.1.    U.S. Market Estimate and Forecast
                6.6.2.    Canada Market Estimate and Forecast
                6.6.3.    Mexico Market Estimate and Forecast

7.    Europe Market Estimate and Forecast

    7.1.    By Lift Technology
    7.2.    By Mode of Operation
    7.3.    By Propulsion Type
    7.4.    By Range
    7.5.    By Application
    7.6.    By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
                7.6.1.    Germany Market Estimate and Forecast
                7.6.2.    France Market Estimate and Forecast
                7.6.3.    U.K. Market Estimate and Forecast
                7.6.4.    Italy Market Estimate and Forecast
                7.6.5.    Spain Market Estimate and Forecast
                7.6.6.    Rest of Europe Market Estimate and Forecast

8.    Asia-Pacific Market Estimate and Forecast

    8.1.    By Lift Technology
    8.2.    By Mode of Operation
    8.3.    By Propulsion Type 
    8.4.    By Range
    8.5.    By Application
    8.6.    By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific
                8.6.1.    China Market Estimate and Forecast
                8.6.2.    Japan Market Estimate and Forecast
                8.6.3.    India Market Estimate and Forecast
                8.6.4.    South Korea Market Estimate and Forecast
                8.6.5.    Singapore Market Estimate and Forecast
                8.6.6.    Rest of Asia-Pacific Market Estimate and Forecast

9.    Rest of the World (RoW) Market Estimate and Forecast

    9.1.    By Lift Technology
    9.2.    By Mode of Operation
    9.3.    By Propulsion Type
    9.4.    By Range
    9.5.    By Application
    9.6.    By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries
                9.6.1.    Brazil Market Estimate and Forecast
                9.6.2.    Saudi Arabia Market Estimate and Forecast
                9.6.3.    South Africa Market Estimate and Forecast
                9.6.4.    Other Countries Market Estimate and Forecast

10.    Company Profiles

        10.1.  Airbus SE
                10.1.1.    Snapshot
                10.1.2.    Overview
                10.1.3.    Offerings
                10.1.4.    Financial Insight
                10.1.5.    Recent Developments
        10.2.   Kitty Hawk
                10.2.1.    Snapshot
                10.2.2.    Overview
                10.2.3.    Offerings
                10.2.4.    Financial Insight
                10.2.5.    Recent Developments
        10.3.   Joby Aviation
                10.3.1.    Snapshot
                10.3.2.    Overview
                10.3.3.    Offerings
                10.3.4.    Financial Insight
                10.3.5.    Recent Developments
        10.4.   Beta Technologies
                10.4.1.    Snapshot
                10.4.2.    Overview
                10.4.3.    Offerings
                10.4.4.    Financial Insight
                10.4.5.    Recent Developments
        10.5.   Bell Textron, Inc.
                10.5.1.    Snapshot
                10.5.2.    Overview
                10.5.3.    Offerings
                10.5.4.    Financial Insight
                10.5.5.    Recent Developments
        10.6.   EHang Holdings Ltd.
                10.6.1.    Snapshot
                10.6.2.    Overview
                10.6.3.    Offerings
                10.6.4.    Financial Insight
                10.6.5.    Recent Developments
        10.7.   Elbit Systems Ltd.
                10.7.1.    Snapshot
                10.7.2.    Overview
                10.7.3.    Offerings
                10.7.4.    Financial Insight
                10.7.5.    Recent Developments
        10.8.   Embraer SA
                10.8.1.    Snapshot
                10.8.2.    Overview
                10.8.3.    Offerings
                10.8.4.    Financial Insight
                10.8.5.    Recent Developments       
11.    Appendix

        11.1.    Exchange Rates
        11.2.    Abbreviations

Note: Financial insight and recent developments of different companies are subject to the availability of information in the secondary domain.

List of Tables

Table 1 Lift Technology  
Table 2 Study Periods
Table 3 Data Reporting Unit
Table 4 Global eVTOL Aircraft Market Size, by Lift Technology, 2018-2023 (USD Billion)
Table 5 Global eVTOL Aircraft Market Size, by Lift Technology, 2025-2030 (USD Billion)
Table 6 Global eVTOL Aircraft Market Size, by Mode of Operation, 2018-2023 (USD Billion)
Table 7 Global eVTOL Aircraft Market Size, by Mode of Operation, 2025-2030 (USD Billion)
Table 8 Global eVTOL Aircraft Market Size, by Propulsion Type, 2018-2023 (USD Billion)
Table 9 Global eVTOL Aircraft Market Size, by Propulsion Type, 2025-2030 (USD Billion)
Table 8 Global eVTOL Aircraft Market Size, by Range, 2018-2023 (USD Billion)
Table 9 Global eVTOL Aircraft Market Size, by Range, 2025-2030 (USD Billion)
Table 10 Global eVTOL Aircraft Market Size, by Application , 2018-2023 (USD Billion)
Table 11Global eVTOL Aircraft Market Size, by Application , 2025-2030 (USD Billion)
Table 12 Global eVTOL Aircraft Market Size, by Region, 2018-2023 (USD Billion)
Table 13 Global eVTOL Aircraft Market Size, by Region, 2025-2030 (USD Billion)
Table 14 North America eVTOL Aircraft Market Size, by Lift Technology, 2018-2023 (USD Billion)
Table 15 North America eVTOL Aircraft Market Size, by Lift Technology, 2025-2030 (USD Billion)
Table 16 North America eVTOL Aircraft Market Size, by Mode of Operation, 2018-2023 (USD Billion)
Table 17 North America eVTOL Aircraft Market Size, by Mode of Operation, 2025-2030 (USD Billion)
Table 18 North America eVTOL Aircraft Market Size, by Propulsion Type, 2018-2023 (USD Billion)
Table 19 North America eVTOL Aircraft Market Size, by Propulsion Type, 2025-2030 (USD Billion)
Table 20 North America eVTOL Aircraft Market Size, by Range, 2018-2023 (USD Billion)
Table 21 North America eVTOL Aircraft Market Size, by Range, 2025-2030 (USD Billion)
Table 22 North America eVTOL Aircraft Market Size, by Application , 2018-2023 (USD Billion)
Table 23 North America eVTOL Aircraft Market Size, by Application , 2025-2030 (USD Billion)
Table 24 North America eVTOL Aircraft Market Size, by Country, 2018-2023 (USD Billion)
Table 25 North America eVTOL Aircraft Market Size, by Country, 2025-2030 (USD Billion)
Table 26 Europe eVTOL Aircraft Market Size, by Lift Technology, 2018-2023 (USD Billion)
Table 27 Europe eVTOL Aircraft Market Size, by Lift Technology, 2025-2030 (USD Billion)
Table 28 Europe eVTOL Aircraft Market Size, by Mode of Operation    2018-2023 (USD Billion)
Table 29 Europe eVTOL Aircraft Market Size, by Mode of Operation, 2025-2030 (USD Billion)
Table 30 Europe eVTOL Aircraft Market Size, by Propulsion Type, 2018-2023 (USD Billion)
Table 31 Europe eVTOL Aircraft Market Size, by Propulsion Type, 2025-2030 (USD Billion)
Table 32 Europe eVTOL Aircraft Market Size, by Range, 2018-2023 (USD Billion)
Table 33 Europe eVTOL Aircraft Market Size, by Range, 2025-2030 (USD Billion)
Table 34 Europe eVTOL Aircraft Market Size, by Application , 2018-2023 (USD Billion)
Table 35 Europe eVTOL Aircraft Market Size, by Application , 2025-2030 (USD Billion)
Table 36 Europe eVTOL Aircraft Market Size, by Country, 2018-2023 (USD Billion)
Table 37 Europe eVTOL Aircraft Market Size, by Country, 2025-2030 (USD Billion)
Table 38 Asia-Pacific eVTOL Aircraft Market Size, by Lift Technology, 2018-2023 (USD Billion)
Table 39 Asia-Pacific eVTOL Aircraft Market Size, by Lift Technology, 2025-2030 (USD Billion)
Table 40 Asia-Pacific eVTOL Aircraft Market Size, by Mode of Operation, 2018-2023 (USD Billion)
Table 41 Asia-Pacific eVTOL Aircraft Market Size, by Mode of Operation, 2025-2030 (USD Billion)
Table 42 Asia-Pacific eVTOL Aircraft Market Size, by Propulsion Type, 2018-2023 (USD Billion)
Table 43 Asia-Pacific eVTOL Aircraft Market Size, by Propulsion Type, 2025-2030 (USD Billion)
Table 44 Europe eVTOL Aircraft Market Size, by Range, 2018-2023 (USD Billion)
Table 45 Europe eVTOL Aircraft Market Size, by Range, 2025-2030 (USD Billion)
Table 46 Europe eVTOL Aircraft Market Size, by Application , 2018-2023 (USD Billion)
Table 47 Europe eVTOL Aircraft Market Size, by Application , 2025-2030 (USD Billion)
Table 48 Asia-Pacific eVTOL Aircraft Market Size, by Country, 2018-2023 (USD Billion)
Table 49 Asia-Pacific eVTOL Aircraft Market Size, by Country, 2025-2030 (USD Billion)
Table 50 RoW eVTOL Aircraft Market Size, by Lift Technology, 2018-2023 (USD Billion)
Table 51 RoW eVTOL Aircraft Market Size, by Lift Technology, 2025-2030 (USD Billion)
Table 52 RoW eVTOL Aircraft Market Size, by Mode of Operation, 2018-2023 (USD Billion)
Table 53 RoW eVTOL Aircraft Market Size, by Mode of Operation, 2025-2030 (USD Billion)
Table 54 RoW eVTOL Aircraft Market Size, by Propulsion Type, 2018-2023 (USD Billion)
Table 55 RoW eVTOL Aircraft Market Size, by Propulsion Type, 2025-2030 (USD Billion)
Table 56 RoW eVTOL Aircraft Market Size, by Range, 2018-2023 (USD Billion)
Table 57 RoW eVTOL Aircraft Market Size, by Range, 2025-2030 (USD Billion)
Table 58 RoW eVTOL Aircraft Market Size, by Application , 2018-2023 (USD Billion)
Table 59 RoW eVTOL Aircraft Market Size, by Application , 2025-2030 (USD Billion)
Table 60 RoW eVTOL Aircraft Market Size, by Country, 2018-2023 (USD Billion)
Table 61 RoW eVTOL Aircraft Market Size, by Country, 2025-2030 (USD Billion)
Table 62 Snapshot – Airbus SE
Table 63 Snapshot – Kitty Hawk
Table 64 Snapshot – Joby Aviation
Table 65 Snapshot – Beta Technologies
Table 66 Snapshot – Bell Textron, Inc.
Table 67 Snapshot – EHang Holdings Ltd.
Table 68 Snapshot – Elbit Systems Ltd.
Table 69 Snapshot – Embraer SA

List of Figures

Figure 1 Market Coverage
Figure 2 Research Phases
Figure 3 Secondary Lift Mode of Operations for Different Parameters
Figure 4 Methodology
Figure 5 Data Mining & Exploration
Figure 6 Data Triangulation
Figure 7 Assumptions for Market Estimation and Forecast
Figure 8 Market Synopsis
Figure 9  Global eVTOL Aircraft Market - Growth Drivers and Restraints
Figure 10 Competitive Benchmark
Figure 11 Global eVTOL Aircraft Market Highlight
Figure 12 Global eVTOL Aircraft Market Size, by Lift Mode of Operation, 2018 – 2030 (USD Billion)
Figure 13 Global eVTOL Aircraft Market Size, by Mode of Operation 2018 – 2030 (USD Billion)
Figure 14 Global eVTOL Aircraft Market Size, by Propulsion Type 2018 – 2030 (USD Billion)
Figure 15 Global eVTOL Aircraft Market Size, by  Range   2018 – 2030 (USD Billion)
Figure 16 Global eVTOL Aircraft Market Size, by Application  2018 – 2030 (USD Billion)
Figure 17 Global eVTOL Aircraft Market Size, by Region, 2018 – 2030 (USD Billion)
Figure 18 North America eVTOL Aircraft Market Highlight
Figure 19 North America eVTOL Aircraft Market Size, by Lift Mode of Operation, 2018 – 2030 (USD Billion)
Figure 20 North America eVTOL Aircraft Market Size, by Mode of Operation 2018–2030 (USD Billion)
Figure 21 North America eVTOL Aircraft Market Size, by Propulsion Type 2018–2030 (USD Billion)
Figure 22 North America eVTOL Aircraft Market Size, by  Range   2018–2030 (USD Billion)
Figure 23 Global eVTOL Aircraft Market Size, by Application  2018 – 2030 (USD Billion)
Figure 24 North America eVTOL Aircraft Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 25 Europe eVTOL Aircraft Market Highlight
Figure 26 Europe eVTOL Aircraft Market Size, by Lift Mode of Operation, 2018 – 2030 (USD Billion)
Figure 27 Europe eVTOL Aircraft Market Size, by Mode of Operation 2018 – 2030 (USD Billion)
Figure 28 Europe eVTOL Aircraft Market Size, by Propulsion Type 2018 – 2030 (USD Billion)
Figure 29 Europe eVTOL Aircraft Market Size, by  Range   2018 – 2030 (USD Billion)
Figure 30 Global eVTOL Aircraft Market Size, by Application   2018 – 2030 (USD Billion)
Figure 31 Europe eVTOL Aircraft Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 32 Asia-Pacific eVTOL Aircraft Market Highlight
Figure 33 Asia-Pacific eVTOL Aircraft Market Size, by Lift Mode of Operation, 2018 – 2030 (USD Billion)
Figure 34 Asia-Pacific eVTOL Aircraft Market Size, by Mode of Operation 2018 – 2030 (USD Billion)
Figure 35 Asia-Pacific eVTOL Aircraft Market Size, by Propulsion Type 2018 – 2030 (USD Billion)
Figure 36 Asia-Pacific eVTOL Aircraft Market Size, by  Range   2018 – 2030 (USD Billion)
Figure 37 Global eVTOL Aircraft Market Size, by Application   2018 – 2030 (USD Billion)
Figure 38 Asia-Pacific eVTOL Aircraft Market Size, by Country, 2018 – 2030 (USD Billion)
Figure 39 RoW eVTOL Aircraft Market Highlight
Figure 40 RoW eVTOL Aircraft Market Size, by Lift Mode of Operation, 2018 – 2030 (USD Billion)
Figure 41 RoW eVTOL Aircraft Market Size, by Mode of Operation 2018 – 2030 (USD Billion)
Figure 42 RoW eVTOL Aircraft Market Size, by Propulsion Type 2018 – 2030 (USD Billion)
Figure 43 RoW eVTOL Aircraft Market Size, by  Range   2018 – 2030 (USD Billion)
Figure 44 Global eVTOL Aircraft Market Size, by Application   2018 – 2030 (USD Billion)
Figure 45 RoW eVTOL Aircraft Market Size, by Country, 2018 – 2030 (USD Billion)