Global EVTOL Aircraft Market is predicted to reach USD 4.46 billion at a CAGR of 30.30% during the forecast period

Market Research Future (MRFR) has published a cooked research report on the “Global EVTOL Aircraft Market” that contains information from 2023 to 2030. The Global EVTOL Aircraft Market is estimated to register a CAGR of 30.30% during the forecast period of 2023 to 2030.

MRFR recognizes the following companies as the key players in the Global EVTOL Aircraft Market— EHANG, Volocopter, Uber Technologies Inc, Aurora Flight SciencesA³ by,  Airbus, Bell Textron Inc, Workhorse, Lilium GmbH, TERRAFUGIA, OXIS Energy Ltd, Karem Aircraft Inc, MGM COMPRO, Kitty Hawk, EmbraerX, LIFT Aircraft Inc, Opener.

Market Highlights

Global EVTOL Aircraft Market is accounted to register a CAGR of 30.30% during the forecast period and is estimated to reach USD 4.46 Billion by 2030.

Electric Vertical Takeoff and Landing (eVTOL) aircraft refer to a category of advanced aerial vehicles designed to take off and land vertically, utilizing electric propulsion systems for their operations. These aircraft are characterized by their ability to hover, transition between vertical and horizontal flight, and navigate urban environments with reduced noise and emissions. eVTOLs aim to revolutionize urban air mobility, offering efficient and environmentally-friendly transportation solutions for short to medium-distance travel. They typically employ multiple electric rotors or ducted fans for vertical lift and transition to forward flight, enabling efficient and agile transportation in densely populated areas, and potentially contributing to the future of sustainable urban transportation systems.

Segment Analysis

The Global EVTOL Aircraft Market has been segmented based on Type, Battery Type, Lift Technology, Type of Propulsion, Mode of Operation

Based on Type, the market is segmented into Air Taxis, Delivery Drones, and others. The Air Taxis category dominates the EVTOL Aircraft market due to its potential to revolutionize urban mobility by providing efficient and on-demand aerial transportation services and addressing congestion.

Based on Battery Type, the market is segmented into Lithium-Ion Batteries, Solid-State Batteries, and Hydrogen Fuel Cells. The Lithium-Ion Batteries category dominates the EVTOL Aircraft market due to its high energy density, lightweight design, and ability to provide the necessary power for electric propulsion systems, enabling longer flight durations.

Based on Lift Technology, the market is segmented into Multirotor, Vectored Thrust, Lift Plus Cruise, and others. The Multirotor category dominates the EVTOL Aircraft market due to its maneuverability, stability, and versatility, making it a preferred choice for short-range urban air mobility applications and offering enhanced agility.

Based on the Type of Propulsion, the market is segmented into Fully Electric, Hybrid, and Electric Hydrogen. The Fully Electric category dominates the EVTOL Aircraft market due to its zero-emission capabilities, lower operating costs, and reduced reliance on fossil fuels, making it environmentally sustainable.

Based on the Mode of Operation, the market is segmented into Piloted and Optionally Piloted. The Piloted category dominates the EVTOL Aircraft market due to its ability to instill passenger confidence, accommodate regulatory requirements, and ensure a smooth transition from traditional aircraft operations to EVTOL, driving the dominance of piloted EVTOL aircraft in the market.

Regional Analysis

The Global EVTOL Aircraft Market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Global EVTOL Aircraft Market comprises Germany, France, the UK, Italy, Spain, and the rest of Europe. The Global EVTOL Aircraft Market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World's Global EVTOL Aircraft Market comprises of Middle East, Africa, and Latin America.

The eVTOL Aircraft market in North America recorded a valuation of USD 0.3206 billion in 2022 and is projected to experience substantial growth with a notable Compound Annual Growth Rate (CAGR) throughout the study period. In Europe, the eVTOL Aircraft market holds the second-largest market share, but it is currently witnessing negative growth due to advancements in technology and investments in the research sector of eVTOL aircraft. Notably, key players like Volocopter GmbH and Lilium have played a significant role in driving market growth, particularly in Germany. The Asia Pacific eVTOL Aircraft Market is anticipated to demonstrate the highest CAGR from 2022 to 2030, propelled by the expansion of aviation services in the region, with China and Japan serving as the primary market drivers for eVTOL aircraft in the Asia Pacific region.

Key Findings of the Study

• The Global EVTOL Aircraft Market is expected to reach USD 4.46 Billion by 2030, at a CAGR of 30.30% during the forecast period.


• The eVTOL Aircraft market in North America achieved a revenue of USD 0.3206 billion in 2022 and is projected to experience substantial growth. due to increased spending on aviation-related research and development activities.


• Based on Type, the Market has been segmented into Air Taxis holding the largest market in 2023.


• EHANG, Volocopter, Uber Technologies Inc, Aurora Flight SciencesA³ by, Airbus, Bell Textron Inc, Workhorse, Lilium GmbH, TERRAFUGIA, OXIS Energy Ltd, Karem Aircraft Inc, MGM COMPRO, Kitty Hawk, EmbraerX, LIFT Aircraft Inc, Opener.