Global Electric Vertical Take Off And Landing Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Fixed Wing Aircraft, Helicopters, Cyclocopters and Tiltrotors.

By Modes;

Conventional Take- off and Landing, Short Take-off and Landing, Short Take-off and Vertical Landing and Product Type - Vectored Thrust and Multirotor, Application, Civil and Military.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn323025899 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Electric Vertical Take Off And Landing Market (USD Million), 2021 - 2031

In the year 2024, the Global Electric Vertical Take Off And Landing Market was valued at USD 7,213.59 million. The size of this market is expected to increase to USD 19,423.10 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 15.2%.

The global electric Vertical Takeoff and Landing (eVTOL) market is witnessing rapid growth as the aviation industry embraces innovative solutions for urban air mobility and transportation. eVTOL aircraft, powered by electric propulsion systems, offer vertical takeoff and landing capabilities, enabling them to operate in densely populated urban environments without the need for traditional runways. These aircraft promise to revolutionize urban transportation by providing fast, efficient, and environmentally friendly aerial mobility solutions for passengers and cargo.

Key drivers fueling the growth of the global eVTOL market include advancements in electric propulsion technology, increasing urbanization, and the demand for sustainable transportation solutions. Breakthroughs in battery technology, electric motors, and aircraft design have made eVTOL aircraft more feasible and cost-effective, driving interest and investment from both established aerospace companies and startups. Moreover, the rapid urbanization of megacities and the challenges associated with congestion and pollution have heightened the need for innovative transportation solutions, spurring the development and adoption of eVTOL aircraft as a viable mode of urban air mobility.

Furthermore, the global eVTOL market presents significant opportunities for stakeholders across various sectors, including aviation, technology, and urban planning. Manufacturers are racing to develop eVTOL aircraft with longer flight ranges, higher payloads, and enhanced safety features to meet the diverse needs of urban commuters, emergency responders, and logistics operators. Additionally, advances in autonomous flight systems and air traffic management technologies are paving the way for the integration of eVTOL aircraft into existing airspace infrastructure, enabling safe and efficient operation in urban environments. As the global eVTOL market continues to evolve, it holds the potential to revolutionize urban transportation and create new opportunities for economic growth and sustainability.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Modes
    3. Market Snapshot, By Region
  4. Global Electric Vertical Take Off And Landing Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advancements in electric propulsion technology
        2. Increasing urbanization
        3. Demand for sustainable transportation solutions
      2. Restraints
        1. Regulatory challenges
        2. Infrastructure limitations
        3. High development costs
      3. Opportunities
        1. Market growth in urban air mobility
        2. Technological innovations
        3. Expansion into cargo transport and logistics
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Electric Vertical Take Off And Landing Market, By Type, 2021 - 2031 (USD Million)
      1. Fixed Wing Aircraft
      2. Helicopters
      3. Cyclocopters
      4. Tiltrotors
    2. Global Electric Vertical Take Off And Landing Market, By Modes, 2021 - 2031 (USD Million)
      1. Conventional Take- off and Landing
      2. Short Take-off and Landing
      3. Short Take-off and Vertical Landing
      4. Product Type
        1. Vectored Thrust and Multirotor
        2. Application
        3. Civil and Military
    3. Global Electric Vertical Take Off And Landing Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Lilium
      2. EHANG
      3. Volocopter GmbH
      4. Airbus S.A.S
      5. TERRAFUGIA
      6. Joby Aviation
      7. KITTY HAWK
      8. PAL-V
      9. ICON Aircraft, Inc
      10. DeLorean Motor Company
      11. EchoBlue Ltd
      12. Fehr & Peers
  7. Analyst Views
  8. Future Outlook of the Market