eVTOL Aircraft Market By System Component (Aerostructures & Interiors, Avionics, Batteries & Cells, Electric Motors & Engines, Software & Platforms, Other Systems), By Lift Design & Configuration (Multirotor, Lift + Cruise, Vector Thrust, Others), By Propulsion Type (Battery Electric, Hybrid Electric, Hydrogen Electric), By Mode of Operation, By Range, By Maximum Take Off Weight (MTOW), By Application, By Region and By Country: Industry Size, Share, Trends Outlook and Forecasts, 2025 – 2035

Report Summary

eVTOL Aircraft Market Statistics:

• As per Vertex MRC, eVTOL Aircraft Market is projected to surpass US$ 18 Billion by 2035.
• Global eVTOL Aircraft Market is projected to expand at a robust CAGR of 30% between 2025 and 2035.
• Global eVTOL Aircraft Market was recorded at US$ 690 Million in 2024 and anticipated to rise to around US$ 4 Billion in 2030, as commercial deployments, strategic investments, and vertiport infrastructure begin to scale.
• According to current projections, eVTOL aircraft unit sales are expected to exceed 5,000 by 2035, a significant increase from the approximately 400 units and purchase orders observed in 2024.
  

eVTOL Aircraft Market is driven by increased urbanization and growing traffic congestion, along with increased demand for green, clean, and efficient modes of transport. Technology improvements in electric propulsion systems and batteries and customers' demand for rapid, efficient, and adaptable point-to-point city travel are propelling the development of eVTOL platforms. Moreover, higher government support and legal assurance of certification to airworthiness certificates, continuous public-private investment, and strategic partnerships are driving product development and deployment. The market for eVTOL aircrafts is further fueled by an expanding range of applications, ranging from urban air taxi and shuttle transportation to emergency medical transport, private air travel, recreational air touring, and defense and logistics applications. Vertiport infrastructure development, electric charging infrastructure development, and integration with smart city mobility networks are also boosting commercial deployment of eVTOL aircraft worldwide.

eVTOL Aircraft Market Overview 

An eVTOL (Electric Vertical Take-Off and Landing) Aircraft is a new-generation air mobility vehicle that can take off, hover, and land vertically powered by electric propulsion systems. Compared to traditional aircraft or helicopters, eVTOLs employ distributed electric propulsion (DEP), in most cases a multitude of rotors, ducted fans, or tilting wings, driven by battery-electric, hybrid-electric, or hydrogen-electric power sources. These eVTOL aircrafts are designed to deliver zero-emission air mobility solutions, mainly for urban air mobility (UAM) and are a part of wider advanced air mobility solutions.

eVTOL aircraft systems comprise several critical components, including aerostructures and interiors, avionics, batteries and energy storage systems, electric motors and engines, and embedded software platforms for flight operations and autonomous/semi-autonomous control. Designs vary based on mission profile, with lift configurations such as multirotor, lift + cruise, and vector thrust, and propulsion types spanning battery electric, hybrid electric, and hydrogen electric systems. Depending on operational models, eVTOL aircraft may be piloted, semi-autonomous, or fully autonomous.

eVTOL aircraft are intended for numerous applications ranging from air taxi operations, short distance air shuttles, emergency medical transport, private and business aviation, and regional urban connectivity. Commercial viability of eVTOL aircraft is inextricably associated with growth of smart city ecosystems where integration into vertiport infrastructure, electric charging networks, and urban mobility platforms is critical for scalable deployment.

The development of the eVTOL market is underpinned by an ecosystem of stakeholders that is multi-layered. These stakeholders consist of original equipment manufacturers (OEMs), electric propulsion and battery technology innovators, avionics and flight control software developers, air mobility service operators, infrastructure developers, and aerospace regulatory bodies. Moreover, municipal governments and urban planners have a strategic role to facilitate airspace access, influence policy-making mechanisms, and facilitate the creation of physical as well as digital infrastructure necessary for the integration of eVTOLs into public transport systems.

eVTOL Aircraft Market – Key Insights

• Based on System Component, both Aerostructures & Interiors and Batteries & Cells segments currently lead the eVTOL Aircraft Market in terms of revenue. 

• Based on Lift Design & Configuration, Vector Thrust segment dominated eVTOL Aircraft Market in 2024 and the Multirotor segment is expected to grow at the fastest rate during the forecast period till 2035.

• Based on Propulsion Type, Battery Electric segment is projected to dominate eVTOL Aircraft Market with highest CAGR during the forecast period.

• Based on Mode of Operation, the Piloted segment dominated eVTOL Aircraft Market in 2024. Semi-Autonomous and Autonomous segments are expected to witness highest growth during the forecast period till 2035. 

• Based on Range, the Upto 200 Km segment dominated eVTOL Aircraft Market in 2024. 

• Based on Maximum Take Off Weight (MTOW), the Upto 500 Kg segment currently leads the eVTOL Aircraft Market. 

• Based on Application, Air Taxis segment is projected to dominate eVTOL Aircraft Market during the forecast period.

• Based on Region, North America region led the global eVTOL Aircraft market in 2024. Asia Pacific region is expected to witness highest CAGR during the forecast period.

What are eVTOL Aircraft Market Segmentations and Market Shares?

eVTOL Aircraft Market Segments by System Component

• Aerostructures & Interiors
• Avionics
• Batteries & Cells
• Electric Motors & Engines
• Software & Platforms
• Other Systems

In 2024, the aerostructures & interiors segment, along with the batteries & cells segment, stood out as the leaders in revenue. The aerostructures segment is benefiting from ongoing innovations in lightweight composite materials and modular fuselage designs that are specifically optimized for vertical flight and aerodynamic performance. The batteries and cells segment is being driven by advancements in battery energy density, solid-state battery integration, and thermal management systems, critical elements for extending range and ensuring flight safety. 

As eVTOL designs become increasingly software-oriented, the software & platforms segment is also gaining momentum, fueled by rising investments in advanced flight control systems, autonomous navigation, and technologies for integrating airspace traffic.

eVTOL Aircraft Market Segments by Lift Design & Configuration

• Multirotor
• Lift + Cruise
• Vector Thrust
• Others

In 2024, vector thrust designs led the eVTOL market due to their better aerodynamics, longer range, and flexibility in both vertical and horizontal flight. These configurations are especially popular for premium air taxi and inter-city shuttle services.

Multirotor segment is anticipated to see the highest growth over the forecast period, driven by its simplicity, reduced operating expense, and expandability for urban deployment in dense urban smart cities. OEMs are already testing hybrid lift configurations combining vertical lift efficiency with cruise for a wide range of mission profiles.

eVTOL Aircraft Market Segments by Propulsion Type

• Battery Electric
• Hybrid Electric
• Hydrogen Electric

On the basis of propulsion type, battery electric propulsion is projected to maintain dominance with the highest CAGR through 2035. This growth is supported by rapid progress in lithium-ion and emerging solid-state battery technologies, coupled with increasing regulatory and investor focus on zero-emission mobility. Hydrogen Electric propulsion although still in early-stage testing shows long-term potential due to its higher energy-to-weight ratio and alignment with future green hydrogen infrastructure initiatives across the U.S., Europe, and Asia Pacific.

eVTOL Aircraft Market Segments by Mode of Operation

• Piloted
• Semi-Autonomous
• Autonomous

In 2024, piloted eVTOLs led the eVTOL market because regulators and end-users focused on safety, familiarity, and gradual adoption. However, the semi-autonomous and fully autonomous segments are expected to see significant growth over the next decade. Improvements in AI-based navigation, sensor fusion, and coordinated UTM (Unmanned Traffic Management) systems are speeding up the move toward autonomy. 

eVTOL Aircraft Market Segments by Range

• Upto 200 Km
• 200+ Km

The Upto 200 Km segment dominated in 2024 due to the early-stage urban-centric deployment strategies, where short-range flights between city centers and airports are the norm. As battery and propulsion technologies mature and regulatory frameworks evolve, aircraft with 200+ Km range are expected to gain adoption, particularly for intercity logistics, and regional air shuttle services, where longer ranges are operationally advantageous.

eVTOL Aircraft Market Segments by Maximum Take Off Weight (MTOW)

• Upto 500 Kg
• 501 – 1500 Kg
• 1500+ Kg

Upto 500 Kg segment is currently the market leader based on MTOW, with smaller eVTOLs models in optimization for air taxi and emergency medical services being the main drivers. The segment enjoys lower regulatory hurdles, easier vertiport requirements, and cheaper deployment. eVTOLs in the 501–1500 Kg range are, however, finding favor with their increased capacity (4–6 seater) and utility in cargo and longer-range mobility uses.

eVTOL Aircraft Market Segments by Application

• Air Taxis
• Air Shuttles & Air Metros
• Private Transport
• Leisure & Recreational Flights
• Air Ambulance & Medical Emergency
• Cargo Transport
• Others

The Air Taxis segment is projected to be the leading application segment, fueled by the growing urbanization of megacities, vertiport infrastructure investment, and rising demand for on-demand aerial ride-sharing.

Air Shuttles & Metros are the way forward for intra- and inter-city public aerial transit, particularly in the U.S., UAE, South Korea, and Singapore. Emergency Medical Transport is a priority segment gaining momentum, supported by government-supported UAM trials and military applications. Leisure & Recreational Flights are an emerging and speeding-up application segment. This niche segment is particularly gaining momentum in tourism-dependent economies such as the UAE, Singapore, Europe, and some regions of the U.S. and China.

eVTOL Aircraft Market Report Scope & Snapshot

What are Regional & Country Trends in Global eVTOL Aircraft Market?

Global eVTOL Aircraft Market - Regional Insights

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

The global eVTOL Aircraft industry is heterogeneous at the regional level, based on urbanization rates, regulatory preparedness levels, infrastructure maturity levels, and investment levels. Other regional market drivers include the government incentive programs and public-private arrangements, the speed of airspace integration and certification ratifications, consumer take-up of sophisticated air mobility offerings, presence of OEMs' and technology providers', and infrastructure support platforms such as vertiports, electric charging solutions, and smart city mobility designs. In addition, regional priorities such as sustainability initiatives, tourism promotion, defense modernization, and last-mile logistics are also impacting adoption trends and commercial deployment methods in major regional markets.

North America eVTOL Aircraft Market comprising the United States, Canada, and Mexico, leads the market in terms of R&D intensity, regulatory initiatives, and private sector investment. One significant turning point came in June of 2025, when the U.S. government launched the executive order "Unleashing American Drone Dominance," thus kicking off the eVTOL Integration Pilot Program (eIPP). The order focuses on manufacturing within the country and seeks to expedite the deployment of beyond-visual-line-of-sight (BVLOS) operations. The initiative has spurred record-level cooperation between most significant federal agencies, including the Federal Aviation Administration (FAA), NASA, and the Department of Defense, to streamline regulatory frameworks and promote early-stage access to markets. The region is still a proving ground for first commercial deployment and certification processes.

The Federal Aviation Administration (FAA) is expected to issue Type Certifications to prominent OEMs such as Joby Aviation, Archer Aviation, and Beta Technologies by the second half of 2025 or the first half of 2026. These developments are making early-stage operational capabilities possible in a variety of mission profiles such as urban commuting, regional transportation, and remote area services.

Asia Pacific eVTOL Aircraft Market covers China, Japan, India, South Korea, Australia, ASEAN countries, and others in the region. Asia Pacific is expected to witness the fastest growth due to urban density, government-backed smart city projects, and strong local manufacturing ecosystems. Asia-Pacific is shaping up to be a powerhouse in early eVTOL commercialization. China, in particular, leads early commercialization with CAAC-certified aircraft. Strategic activity is also increasing in India, Japan, and Australia, supported by smart infrastructure investments and rapid urbanization.

eVTOL Aircraft Market - Top Trends to Watch Out

• Acceleration of Regulatory Harmonization & Certification and Airspace Integration Initiatives Leading to Commercial Deployments
• Intensified Focus on Scalable Vertiport Infrastructure Development & Smart City Integration
• Diversification of Applications Beyond Air Taxis & Passenger Transport
• Maturation and Diversification of Propulsion & Battery Technologies
• Progress Towards and Initial Deployment of Autonomous Operations

How is the Competition Dynamics in eVTOL Aircraft Market?

The eVTOL aircraft industry is characterized by innovation, growing prototype fleets, mounting regulatory milestones, and escalating competition among OEMs, tech startups, defense contractors, and automotive-integrated competitors. The competitive environment remains fluid, determined by strategic partnerships, capital investments, certification advancements, and early-stage commercial rollouts.

Big OEMs are aiming for completion of comprehensive type certification by air regulators such as the FAA, EASA, and CAAC with anticipated approvals between late 2025 and 2026. Participants are adopting varied go-to-market strategies ranging from aircraft sales, urban air mobility (UAM) service models, defense collaborations, and logistics operations. Automotive firms such as Hyundai (Supernal) and Stellantis (with Archer) are making investments in scale of production and integration of the supply base.

The eVTOL aircraft market may consolidate post-certification with leading players leveraging first-mover advantage, economies of scale, and infrastructural leadership. Cooperation among airlines, airports, and ride-hailing services will have the potential to define future route networks and economic models for eVTOL operations. Dual-use missions, both civilian and defense, will come into play as defense agencies become more invested in scalable eVTOL technologies.

Several prominent companies and original equipment manufacturers (OEMs) are active in the eVTOL aircraft market (but not limited to):

• Archer Aviation
• Airbus
• AIR VEV
• ARC Aero Systems
• Autoflight
• Beta Technologies
• EHang
• Electra Aero
• Eve Air Mobility (Embraer)
• Jaunt Air Mobility (Airo Group)
• Joby Aviation
• LIFT Aircraft
• Lilium
• Manta Aircraft
• Sarla Aviation
• SkyDrive
• Supernal (Hyundai)
• Textron
• The ePlane Company
• Urban Aeronautics
• Vertical Aerospace
• Volant Aerotech
• Wisk Aero (Boeing)
• XTI Aerospace
• Others