The global eVTOL aircraft market size accounted for USD 2.14 billion in 2024, grew to USD 2.14 billion in 2025 and is projected to surpass around USD 170 billion by 2034, representing a healthy CAGR of 54.90% between 2024 and 2034. The North America eVTOL aircraft market size is calculated at USD 92 million in 2024 and is expected to grow at a fastest CAGR of 55.14% during the forecast year.
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
3.1. Market Snapshot
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Analysis
4.3.3. Downstream Buyer Analysis
5.1. COVID-19 Landscape: EVTOL Aircraft Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
8.1. EVTOL Aircraft Market, by Lift Technology, 2022-2030
8.1.1. Multirotor
8.1.1.1. Market Revenue and Forecast (2021-2034)
8.1.2. Vectored Thrust
8.1.2.1. Market Revenue and Forecast (2021-2034)
9.1. EVTOL Aircraft Market, by Mode of Operation, 2022-2030
9.1.1. Semi-Autonomous
9.1.1.1. Market Revenue and Forecast (2021-2034)
9.1.2. Autonomous
9.1.2.1. Market Revenue and Forecast (2021-2034)
9.1.3. Piloted
9.1.3.1. Market Revenue and Forecast (2021-2034)
10.1. EVTOL Aircraft Market, by Propulsion Type, 2022-2030
10.1.1. Hybrid-Electric
10.1.1.1. Market Revenue and Forecast (2021-2034)
10.1.2. Hydrogen-Electric
10.1.2.1. Market Revenue and Forecast (2021-2034)
10.1.3. Battery-Electric
10.1.3.1. Market Revenue and Forecast (2021-2034)
11.1. EVTOL Aircraft Market, by Range, 2022-2030
11.1.1. 200-500 Km
11.1.1.1. Market Revenue and Forecast (2021-2034)
11.1.2. 0-200 Km
11.1.2.1. Market Revenue and Forecast (2021-2034)
12.1. EVTOL Aircraft Market, by Application, 2022-2030
12.1.1. Emergency Medical Services (Ems)
12.1.1.1. Market Revenue and Forecast (2021-2034)
12.1.2. Commercial
12.1.2.1. Market Revenue and Forecast (2021-2034)
12.1.3. Military
12.1.3.1. Market Revenue and Forecast (2021-2034)
13.1. EVTOL Aircraft Market, by Maximum Take-Off Weight (MTOW), 2022-2030
13.1.1. <250 Kg
13.1.1.1. Market Revenue and Forecast (2021-2034)
13.1.2. 250-500 Kg
13.1.2.1. Market Revenue and Forecast (2021-2034)
13.1.3. 500-1000 Kg
13.1.3.1. Market Revenue and Forecast (2021-2034)
13.1.4. 1000-1500 Kg
13.1.4.1. Market Revenue and Forecast (2021-2034)
13.1.5. >1500kg
13.1.5.1. Market Revenue and Forecast (2021-2034)
14.1. North America
14.1.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.1.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.1.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.1.4. Market Revenue and Forecast, by Range (2021-2034)
14.1.5. Market Revenue and Forecast, by Application (2021-2034)
14.1.6. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.1.7. U.S.
14.1.7.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.1.7.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.1.7.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.1.7.4. Market Revenue and Forecast, by Range (2021-2034)
14.1.8. Market Revenue and Forecast, by Application (2021-2034)
14.1.8.1. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.1.9.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.1.9.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.1.9.4. Market Revenue and Forecast, by Range (2021-2034)
14.1.10. Market Revenue and Forecast, by Application (2021-2034)
14.1.11. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.1.11.1.
14.2. Europe
14.2.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.2.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.2.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.2.4. Market Revenue and Forecast, by Range (2021-2034)
14.2.5. Market Revenue and Forecast, by Application (2021-2034)
14.2.6. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.2.7.
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.2.8.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.2.8.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.2.9. Market Revenue and Forecast, by Range (2021-2034)
14.2.10. Market Revenue and Forecast, by Application (2021-2034)
14.2.10.1. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.2.11. Germany
14.2.11.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.2.11.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.2.11.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.2.12. Market Revenue and Forecast, by Range (2021-2034)
14.2.13. Market Revenue and Forecast, by Application (2021-2034)
14.2.14. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.2.14.1.
14.2.15. France
14.2.15.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.2.15.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.2.15.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.2.15.4. Market Revenue and Forecast, by Range (2021-2034)
14.2.16. Market Revenue and Forecast, by Application (2021-2034)
14.2.16.1. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.2.17. Rest of Europe
14.2.17.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.2.17.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.2.17.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.2.17.4. Market Revenue and Forecast, by Range (2021-2034)
14.2.18. Market Revenue and Forecast, by Application (2021-2034)
14.2.18.1. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.3. APAC
14.3.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.3.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.3.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.3.4. Market Revenue and Forecast, by Range (2021-2034)
14.3.5. Market Revenue and Forecast, by Application (2021-2034)
14.3.6. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.3.7. India
14.3.7.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.3.7.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.3.7.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.3.7.4. Market Revenue and Forecast, by Range (2021-2034)
14.3.8. Market Revenue and Forecast, by Application (2021-2034)
14.3.9. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.3.10. China
14.3.10.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.3.10.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.3.10.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.3.10.4. Market Revenue and Forecast, by Range (2021-2034)
14.3.11. Market Revenue and Forecast, by Application (2021-2034)
14.3.11.1. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.3.12. Japan
14.3.12.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.3.12.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.3.12.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.3.12.4. Market Revenue and Forecast, by Range (2021-2034)
14.3.12.5. Market Revenue and Forecast, by Application (2021-2034)
14.3.12.6. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.3.13. Rest of APAC
14.3.13.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.3.13.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.3.13.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.3.13.4. Market Revenue and Forecast, by Range (2021-2034)
14.3.13.5. Market Revenue and Forecast, by Application (2021-2034)
14.3.13.6. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.4. MEA
14.4.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.4.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.4.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.4.4. Market Revenue and Forecast, by Range (2021-2034)
14.4.5. Market Revenue and Forecast, by Application (2021-2034)
14.4.6. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.4.7. GCC
14.4.7.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.4.7.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.4.7.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.4.7.4. Market Revenue and Forecast, by Range (2021-2034)
14.4.8. Market Revenue and Forecast, by Application (2021-2034)
14.4.9. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.4.10. North Africa
14.4.10.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.4.10.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.4.10.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.4.10.4. Market Revenue and Forecast, by Range (2021-2034)
14.4.11. Market Revenue and Forecast, by Application (2021-2034)
14.4.12. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.4.13. South Africa
14.4.13.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.4.13.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.4.13.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.4.13.4. Market Revenue and Forecast, by Range (2021-2034)
14.4.13.5. Market Revenue and Forecast, by Application (2021-2034)
14.4.13.6. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.4.14. Rest of MEA
14.4.14.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.4.14.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.4.14.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.4.14.4. Market Revenue and Forecast, by Range (2021-2034)
14.4.14.5. Market Revenue and Forecast, by Application (2021-2034)
14.4.14.6. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.5.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.5.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.5.4. Market Revenue and Forecast, by Range (2021-2034)
14.5.5. Market Revenue and Forecast, by Application (2021-2034)
14.5.6. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.5.7. Brazil
14.5.7.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.5.7.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.5.7.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.5.7.4. Market Revenue and Forecast, by Range (2021-2034)
14.5.8. Market Revenue and Forecast, by Application (2021-2034)
14.5.8.1. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Lift Technology (2021-2034)
14.5.9.2. Market Revenue and Forecast, by Mode of Operation (2021-2034)
14.5.9.3. Market Revenue and Forecast, by Propulsion Type (2021-2034)
14.5.9.4. Market Revenue and Forecast, by Range (2021-2034)
14.5.9.5. Market Revenue and Forecast, by Application (2021-2034)
14.5.9.6. Market Revenue and Forecast, by Maximum Take-Off Weight (MTOW) (2021-2034)
15.1. Airbus SE
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. Bell Textron, Inc.
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. EHang Holdings Ltd.
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Elbit Systems Ltd.
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Embraer SA
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. Kitty Hawk
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Joby Aviation
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. Beta Technologies
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
17.1. About Us
17.2. Glossary of Terms
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