The eVTOL Aircraft Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the eVTOL Aircraft Market?
The eVTOL Aircraft Global Market has seen a quick expansion in the past few years. The market size is projected to increase from $14.36 billion in 2025 to $18.92 billion in 2026, with a Compound Annual Growth Rate (CAGR) of 31.7%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the eVTOL Aircraft Industry?
The eVTOL Aircraft Global Market Report 2025 forecasts that by 2029, the market size will reach $34.2 billion, growing at a compound annual growth rate (CAGR) of 24.2%.
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What are the Key Growth Drivers Fueling the eVTOL Aircraft Market?
The key drivers in the evtol aircraft market are:
• Rising need for green energy and noise-free aircraft
• Increased demand for eVTOL aircraft in cargo applications
• Growth in urbanization worldwide
• Advancements in technologies such as electric propulsion, hydrogen fuel cell, and artificial intelligence.
Global Market Segmentation: Identifying Major eVTOL Aircraft Industry Segments
The eVTOL aircraft market covered in this report is segmented –
1) By Lift Technology: Vectored Thrust, Multirotor, Lift Plus Cruise
2) By Propulsion Type: Fully Electric, Hybrid Electric, Hydrogen Electric
3) By Mode of Operation: Autonomous, Piloted
4) By Application: Air Taxis, Air Shuttles And Air Metro, Private Transport, Cargo Transport, Air Ambulance And Medical Emergency, Last Mile Delivery, Inspection and Monitoring, Surveying and Mapping, Surveillance, Special Mission, Others
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What are the Emerging Trends Shaping the Future of the eVTOL Aircraft Market?
The key trends in the evtol aircraft market are:
• The eVTOL aircraft sector is experiencing the advancement and adoption of electric propulsion and hydrogen fuel cell technology.
• Integration and usage of artificial intelligence in eVTOL aircraft is an emerging trend.
• The development and use of eVTOL aircraft for shuttle services is on the rise.
• There's a growing trend of strategic partnerships and research and development in the eVTOL aircraft industry.
Who Are the Top Competitors & Leading Players in the eVTOL Aircraft Market?
Major companies in the evtol aircraft market are:
• Airbus SE
• Textron Inc
• Embraer SA
• Wisk Aero
• Volocopter GmbH
• Volkswagen Group China
• Zerog
• Aerofugia
• AutoFlight
• TCab
• Volant Aerotech
• MuYu Aero
• Pantuo
• Plana
• MintAir
• Tetra Aviation
• SkyDrive
• XPeng HT Aero
• Vertical Aerospace
• Zuri
• United Aircraft Corporation
• Urban Aeronautics Ltd
• Moog Inc
• Boeing
• Bombardier
• McDonnell Douglas
• Cessna
• Joby Aviation
• Lift Aircraft
• Neva Aerospace
• Uber Technologies Inc
• Archer Aviation Inc
• Jaunt Air Mobility LLC
• Overair Inc.
Regional Dominance: Which Area Leads the Global Template Market?
North America was the largest region in the eVTOL aircraft market in 2024
