eVTOL Aircraft Market - Global Industry Size, Share, Trends Opportunity, and Forecast, Segmented By Application, By Lift Technology, By Propulsion Type, By Operation Mode, By Range, By Region & Competition, 2021-2031F

Description

The Global eVTOL Aircraft Market is projected to expand from USD 1.13 Billion in 2025 to USD 4.89 Billion by 2031, reflecting a compound annual growth rate of 27.66%. These electrically powered vehicles, capable of vertical takeoff and hovering, are designed primarily for urban air mobility and short-range regional transportation. The industry is propelled by the urgent necessity to reduce increasing urban traffic congestion and the aviation sector's dedication to zero-emission operations. Furthermore, significant advancements in battery energy density and distributed electric propulsion are essential enablers, allowing these aircraft to achieve the flight ranges and payload capacities required for commercial viability.

Market Overview
Forecast Period	2027-2031
Market Size 2025	USD 1.13 Billion
Market Size 2031	USD 4.89 Billion
CAGR 2026-2031	27.66%
Fastest Growing Segment	Commercial
Largest Market	North America

Despite this positive trajectory, the market encounters substantial obstacles related to the intricacies of regulatory certification and the creation of unified safety standards. The abundance of varied technical approaches makes standardization difficult for aviation authorities. According to the Vertical Flight Society, the number of eVTOL concepts tracked in their global directory reached 1,000 distinct designs in 2024. This extensive volume of developmental aircraft underscores the severe fragmentation within the sector, potentially extending the timeline needed to reach the regulatory consensus essential for widespread commercial adoption.

Market Driver

An increase in strategic capital investments and partnerships within the aerospace industry is supplying the necessary financial liquidity and technical expertise to commercialize electric vertical take-off and landing vehicles. Major automotive and aviation incumbents are deepening their financial support for startups to hasten manufacturing capabilities and supply chain development. A notable instance of this occurred when Toyota committed an additional $500 million investment to Joby Aviation, according to Joby Aviation in October 2024, to aid the certification and production of its electric air taxi. This funding is crucial as manufacturers aim to meet extensive pre-order lists, evidenced by Eve Air Mobility, which in 2024 reported a backlog of letters of intent for nearly 3,000 eVTOL aircraft, indicating significant potential scale.

Simultaneously, advancements in regulatory frameworks and airworthiness certification standards are transitioning the industry from experimental stages to viable commercial operations. Aviation authorities are defining concrete routes for type certification and production validation, which are essential for mass manufacturing and safe airspace integration. This regulatory progress was highlighted when EHang successfully secured the Production Certificate for its EH216-S pilotless aircraft from the Civil Aviation Administration of China (CAAC), according to EHang in April 2024. This achievement represents a major move toward large-scale production, offering a clear model for other jurisdictions to develop their own safety and compliance standards for autonomous aerial logistics and passenger transport.

Market Challenge

The complexities of regulatory certification and the formulation of unified safety standards constitute a significant barrier obstructing the expansion of the Global eVTOL Aircraft Market. This difficulty directly hinders commercialization because the sector's fragmentation, marked by a wide variety of technical approaches, impedes aviation authorities from implementing a standardized compliance framework. Consequently, manufacturers must maneuver through an uncertain and lengthy approval process, delaying market entry and limiting revenue generation despite the abundance of developmental concepts.

This bottleneck results in a sharp contrast between the emerging eVTOL sector and the established aviation industry, which benefits from mature regulatory protocols. According to the General Aviation Manufacturers Association, the general aviation sector successfully delivered 4,118 certified aircraft globally in 2024. This strong performance underscores that while traditional aerospace manufacturers can reach high shipment volumes due to clear safety standards, the eVTOL market remains largely stuck in the pre-commercial stage. The failure to obtain timely certification for these new aircraft prevents the sector from achieving the operational scale of legacy aviation, thereby stalling the widespread integration of urban air mobility.

Market Trends

Defense agencies worldwide are emerging as early adopters and primary funders of eVTOL technology, acquiring aircraft for logistics, medical evacuation, and personnel transport to provide manufacturers with essential capital and validation. This trend involves active flight testing and vehicle deliveries to military bases for operational assessment in real-world environments, transitioning from initial research to tangible fleet integration. For example, according to Joby Aviation in their 'Fourth Quarter and Full Year 2024 Shareholder Letter' released in February 2025, the company confirmed the delivery of its second aircraft to Edwards Air Force Base, signifying a major milestone in its collaboration with the U.S. Department of Defense to demonstrate logistics applications.

Meanwhile, infrastructure developers are pursuing a strategy of retrofitting existing heliports and general aviation airports with charging networks and digital management systems, rather than focusing solely on constructing new standalone vertiports, to hasten early market entry. This method facilitates the rapid deployment of multimodal energy solutions capable of supporting both electric aircraft and ground vehicles, significantly lowering the capital expenditure needed for initial commercial operations. Highlighting this growth, according to Vertical Magazine in January 2025, Beta Technologies expanded its infrastructure footprint to 46 sites across 22 states in 2024, proving the viability and scalability of dual-use charging hubs for regional connectivity.

Key Market Players

Joby Aviation
Archer Aviation
Lilium
Volocopter
Ehang
Beta Technologies
Wisk Aero
Bell Textron
Airbus
Vertical Aerospace

Report Scope

In this report, the Global eVTOL Aircraft Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

eVTOL Aircraft Market, By Application

Commercial
Cargo

eVTOL Aircraft Market, By Lift Technology

Lift Plus Cruise
Vectored Thrust
Multicopter
Others

eVTOL Aircraft Market, By Propulsion Type

Fully Electric
Hybrid Electric
Hydrogen Powered

eVTOL Aircraft Market, By Operation Mode

Piloted
Autonomous

eVTOL Aircraft Market, By Range

Upto 200 Km
201-500 Km

eVTOL Aircraft Market, By Region

North America
- United States
- Canada
- Mexico
Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
South America
- Brazil
- Argentina
- Colombia
Middle East & Africa
- South Africa
- Saudi Arabia
- UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global eVTOL Aircraft Market.

Available Customizations:

Global eVTOL Aircraft Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Global eVTOL Aircraft Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Application (Commercial, Cargo)
- 5.2.2. By Lift Technology (Lift Plus Cruise, Vectored Thrust, Multicopter, Others)
- 5.2.3. By Propulsion Type (Fully Electric, Hybrid Electric, Hydrogen Powered)
- 5.2.4. By Operation Mode (Piloted, Autonomous)
- 5.2.5. By Range (Upto 200 Km, 201-500 Km)
- 5.2.6. By Region
- 5.2.7. By Company (2025)
5.3. Market Map

6. North America eVTOL Aircraft Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Application
- 6.2.2. By Lift Technology
- 6.2.3. By Propulsion Type
- 6.2.4. By Operation Mode
- 6.2.5. By Range
- 6.2.6. By Country
6.3. North America: Country Analysis
- 6.3.1. United States eVTOL Aircraft Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Application
    - 6.3.1.2.2. By Lift Technology
    - 6.3.1.2.3. By Propulsion Type
    - 6.3.1.2.4. By Operation Mode
    - 6.3.1.2.5. By Range
- 6.3.2. Canada eVTOL Aircraft Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Application
    - 6.3.2.2.2. By Lift Technology
    - 6.3.2.2.3. By Propulsion Type
    - 6.3.2.2.4. By Operation Mode
    - 6.3.2.2.5. By Range
- 6.3.3. Mexico eVTOL Aircraft Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Application
    - 6.3.3.2.2. By Lift Technology
    - 6.3.3.2.3. By Propulsion Type
    - 6.3.3.2.4. By Operation Mode
    - 6.3.3.2.5. By Range

7. Europe eVTOL Aircraft Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Application
- 7.2.2. By Lift Technology
- 7.2.3. By Propulsion Type
- 7.2.4. By Operation Mode
- 7.2.5. By Range
- 7.2.6. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany eVTOL Aircraft Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Application
    - 7.3.1.2.2. By Lift Technology
    - 7.3.1.2.3. By Propulsion Type
    - 7.3.1.2.4. By Operation Mode
    - 7.3.1.2.5. By Range
- 7.3.2. France eVTOL Aircraft Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Application
    - 7.3.2.2.2. By Lift Technology
    - 7.3.2.2.3. By Propulsion Type
    - 7.3.2.2.4. By Operation Mode
    - 7.3.2.2.5. By Range
- 7.3.3. United Kingdom eVTOL Aircraft Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Application
    - 7.3.3.2.2. By Lift Technology
    - 7.3.3.2.3. By Propulsion Type
    - 7.3.3.2.4. By Operation Mode
    - 7.3.3.2.5. By Range
- 7.3.4. Italy eVTOL Aircraft Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Application
    - 7.3.4.2.2. By Lift Technology
    - 7.3.4.2.3. By Propulsion Type
    - 7.3.4.2.4. By Operation Mode
    - 7.3.4.2.5. By Range
- 7.3.5. Spain eVTOL Aircraft Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Application
    - 7.3.5.2.2. By Lift Technology
    - 7.3.5.2.3. By Propulsion Type
    - 7.3.5.2.4. By Operation Mode
    - 7.3.5.2.5. By Range

8. Asia Pacific eVTOL Aircraft Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Application
- 8.2.2. By Lift Technology
- 8.2.3. By Propulsion Type
- 8.2.4. By Operation Mode
- 8.2.5. By Range
- 8.2.6. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China eVTOL Aircraft Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Application
    - 8.3.1.2.2. By Lift Technology
    - 8.3.1.2.3. By Propulsion Type
    - 8.3.1.2.4. By Operation Mode
    - 8.3.1.2.5. By Range
- 8.3.2. India eVTOL Aircraft Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Application
    - 8.3.2.2.2. By Lift Technology
    - 8.3.2.2.3. By Propulsion Type
    - 8.3.2.2.4. By Operation Mode
    - 8.3.2.2.5. By Range
- 8.3.3. Japan eVTOL Aircraft Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Application
    - 8.3.3.2.2. By Lift Technology
    - 8.3.3.2.3. By Propulsion Type
    - 8.3.3.2.4. By Operation Mode
    - 8.3.3.2.5. By Range
- 8.3.4. South Korea eVTOL Aircraft Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Application
    - 8.3.4.2.2. By Lift Technology
    - 8.3.4.2.3. By Propulsion Type
    - 8.3.4.2.4. By Operation Mode
    - 8.3.4.2.5. By Range
- 8.3.5. Australia eVTOL Aircraft Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Application
    - 8.3.5.2.2. By Lift Technology
    - 8.3.5.2.3. By Propulsion Type
    - 8.3.5.2.4. By Operation Mode
    - 8.3.5.2.5. By Range

9. Middle East & Africa eVTOL Aircraft Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Application
- 9.2.2. By Lift Technology
- 9.2.3. By Propulsion Type
- 9.2.4. By Operation Mode
- 9.2.5. By Range
- 9.2.6. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia eVTOL Aircraft Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Application
    - 9.3.1.2.2. By Lift Technology
    - 9.3.1.2.3. By Propulsion Type
    - 9.3.1.2.4. By Operation Mode
    - 9.3.1.2.5. By Range
- 9.3.2. UAE eVTOL Aircraft Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Application
    - 9.3.2.2.2. By Lift Technology
    - 9.3.2.2.3. By Propulsion Type
    - 9.3.2.2.4. By Operation Mode
    - 9.3.2.2.5. By Range
- 9.3.3. South Africa eVTOL Aircraft Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Application
    - 9.3.3.2.2. By Lift Technology
    - 9.3.3.2.3. By Propulsion Type
    - 9.3.3.2.4. By Operation Mode
    - 9.3.3.2.5. By Range

10. South America eVTOL Aircraft Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Application
- 10.2.2. By Lift Technology
- 10.2.3. By Propulsion Type
- 10.2.4. By Operation Mode
- 10.2.5. By Range
- 10.2.6. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil eVTOL Aircraft Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Application
    - 10.3.1.2.2. By Lift Technology
    - 10.3.1.2.3. By Propulsion Type
    - 10.3.1.2.4. By Operation Mode
    - 10.3.1.2.5. By Range
- 10.3.2. Colombia eVTOL Aircraft Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Application
    - 10.3.2.2.2. By Lift Technology
    - 10.3.2.2.3. By Propulsion Type
    - 10.3.2.2.4. By Operation Mode
    - 10.3.2.2.5. By Range
- 10.3.3. Argentina eVTOL Aircraft Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Application
    - 10.3.3.2.2. By Lift Technology
    - 10.3.3.2.3. By Propulsion Type
    - 10.3.3.2.4. By Operation Mode
    - 10.3.3.2.5. By Range

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends & Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Global eVTOL Aircraft Market: SWOT Analysis

14. Porter's Five Forces Analysis

14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products

15. Competitive Landscape

15.1. Joby Aviation
- 15.1.1. Business Overview
- 15.1.2. Products & Services
- 15.1.3. Recent Developments
- 15.1.4. Key Personnel
- 15.1.5. SWOT Analysis
15.2. Archer Aviation
15.3. Lilium
15.4. Volocopter
15.5. Ehang
15.6. Beta Technologies
15.7. Wisk Aero
15.8. Bell Textron
15.9. Airbus
15.10. Vertical Aerospace