The eVTOL Aircraft Global Market Report 2025 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s eVTOL Aircraft Global Market Report 2025, The evtol aircraft market size is expected to see exponential growth in the next few years. It will grow to $28.84 billion in 2028 at a compound annual growth rate (CAGR) of 26.2%. The growth in the forecast period can be attributed to the growing need for green energy and noise-free aircraft, increasing demand for evtol aircraft in cargo applications and the growing urbanization. Major trends in the forecast period include electric propulsion and hydrogen fuel cell technology, use of artificial intelligence, evtol aircraft shuttle, autonomous evtol aircraft, strategic partnership and research and development.
The eVTOL aircraft market is expected to be driven by the increasing demand for eVTOL aircraft in cargo applications in the forecast period. eVTOL aircraft are increasingly being tested to be used for large cargo deliveries to parcel deliveries as they are highly fuel-efficient and faster than ground vehicles. In addition, they cut down logistics costs while reducing delivery lead times, all resulting in a better customer experience. The eVTOL aircraft can also be used to transport essentials such as vaccines, masks and other medical equipment during emergencies. All these factors are expected to drive demand for eVTOL aircraft in the future. For instance, according to an article published in May 2021 by KDC Resource, a UK-based recruiter, companies such as the global logistics and shipping firm, UPS, a UK-based postal service firm of the Royal Mail, and the global e-commerce platform, Amazon, are testing eVTOL technology for logistics applications. The use of eVTOL technology is expected to help deliver to remote locations in much less time than ground transport in the future. Thus, the increasing demand for eVTOL aircraft in cargo applications will drive the market in the forecast period.
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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
Technological advancement is a key trend gaining popularity in the eVTOL aircraft market. Major companies operating in the eVTOL aircraft market are focused on providing technologically advanced solutions to strengthen their market position. These companies are implementing next-generation eVTOL aircraft technologies into their services, such as IoT, ultra-edge hydrogen and battery cells, Onboard sensors and collision prevention systems, AI technology, 5G communication, and others. For instance, In April 2022, Hyundai, an automotive manufacturer company, explored hydrogen fuel cell technology for the electric short Take-off and landing eVTOL aircraft segment. The company expects hydrogen fuel cell technology to have a long enough range to complete intercity trips.
The evtol aircraft global market report 2025 market report table of contents includes:
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The global EVTOL Aircraft Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the Volocopter GmbH, Embraer S.A. Neva Aerospace Ltd., Volocopter, EHang, Lilium GmbH, and Kitty Hawk.
This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global EVTOL Aircraft Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/electric-vertical-take-off-and-landing-evtol-aircraft-market/download-sampleaMarket SegmentationThe broad EVTOL Aircraft has been sub-grouped into the Lift Technology, Mode of Operation, Range, Application, MTOW and region.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
The eVTOL aircraft market is growing at a fast rate with an increasing demand of the aircraft for air taxi and personal aerial vehicle (PAV) applications.
The eVTOL aircraft are in different phases such as initial design, scaled prototype, flight testing, in service and defunct.
Leading companies that are in the initial design phase are AirspaceX MOBi, Embraer DreamMaker, and Karem Butterfly.The eVTOL aircraft need thrust to operate and the same is provided with the help of different forms of technologies such as vectored thrust, lift + cruise, rotorcraft (single rotor and multi rotor), and hoverbikes.
The eVTOL aircraft market can be divided into four sub-segments based on technology, i.e., rotorcraft (single rotor and multi rotor), vectored thrust, lift + cruise, and hoverbikes.The eVTOL aircraft has different set of components incorporated in it.
Majority of the components used in the eVTOL aircraft are sensors, camera, airframes, lidar, radar, battery, motor, INS, and GPS.The global eVTOL aircraft market is expected to have an extensive growth due to factors such as the increasing demand for fuel efficient environment-friendly aircraft and efficiency of electric aircraft in comparison to conventional aircraft and growing need for alternative means of transportation with increasing population.The market for eVTOL aircraft is rapidly evolving.
From 2025, the market is expected to make its presence in the megacities, including the U.S., Germany, France, Singapore, Dubai, and others, as the testing are underway at various locations.
