Global eVTOL aircraft market is expected to grow at the CAGR of over 20% during the forecast period on account of surge in the demand for improving the operational efficiency and need for quick inter and intra city transportation. Rise in the traffic jams via roadways in cities due to congestion is intensifying the problem of increasing traffic congestion in urban areas. Electric vertical take-off and landing (eVTOL) aircraft can take off and land vertically. However, the certification process in which the VTOLs must comply with the regulation given by the aviation authorities such as FAA and EASA is acting as a challenge for the growth of the market. 

Global eVTOL aircraft market can be segmented based on application, propulsion, and range. In terms of propulsion, the market can be segmented into electric battery, electric hybrid, and electric hydrogen. Electric battery is expected to acquire the dominant share during the forecast period on account of growing demand for fully electric aircraft. Based on range, the market can be segmented into upto 200 km and 201-500 km. eVTOLs with lower range upto 200km will be used for intercity commute for passengers opting for urban air mobility services. However, 201-500km range aircraft will be used for intercity commute mostly. 

Regionally, the market for eVTOL Aircraft is gaining traction and expanding to various regions including Asia-Pacific, North America, Europe, South America and Middle East & Africa. Among these regions, Asia-Pacific is expected to grow at the fastest rate due to growing investments by leading eVTOL and drone manufacturers to develop urban air mobility in the region. Moreover, increasing demand for automation and globalization in countries such as China, India, Japan, is positively influencing the growth of the market. 

The major players operating in the eVTOL Aircraft market include Bell Helicopter Textron Inc., Neva Aerospace Ltd., Aurora Flight Sciences Corp., The Boeing Company, Lockheed Martin Corp., A³ By Airbus, Lilium GmbH, Embraer S.A., Beijing Yi-Hang Creation Science & Technology Co., Ltd., Volocopter GmbH, etc. Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.

Years considered for this report:

Historical Years: 2016-2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022–2026

Objective of the Study:

  • To analyze and forecast the market size of global eVTOL aircraft market.
  • To classify and forecast global eVTOL aircraft market based on application, propulsion, range, and regional distribution.
  • To identify drivers and challenges for global eVTOL aircraft market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global eVTOL aircraft market.
  • To conduct pricing analysis for global eVTOL aircraft market.
  • To identify and analyze the profile of leading players operating in global eVTOL aircraft market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.

TechSci Research calculated the market size of global eVTOL aircraft market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Manufacturers of eVTOL aircraft
  • Research organizations and consulting companies
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to eVTOL aircraft

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, global eVTOL aircraft market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Application:
    • Commercial
    • Military
    • Cargo
  • Market, By Propulsion:
    • Electric Battery
    • Electric Hybrid
    • Electric Hydrogen
  • Market, By Range:
    • Upto 200 Km
    • 201-500 Km
  • Market, By Region:
    • North America
      • United States
      • Mexico
      • Canada
    • Europe
      • Germany
      • France
      • Switzerland
      • Belgium
      • Poland
    • Asia-Pacific
      • China
      • India 
      • Japan
      • New Zealand
      • South Korea
    • Middle East & Africa
      • South Africa
      • Saudi Arabia
      • UAE
    • South America
      • Brazil
      • Argentina
      • Colombia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global eVTOL aircraft market.

Available Customizations:

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:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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1.    Product Overview

2.    Research Methodology

3.    Executive Summary

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; Military; Cargo)

5.2.2.     By Propulsion (Electric Battery; Electric Hybrid; Electric Hydrogen)

5.2.3.     By Range (Upto 200Km; 201-500Km)

5.2.4.     By Region (North America; Europe; Asia-Pacific; South America and Middle East & Africa)

5.2.5.     By Company (2019)

5.3.  Market Attractiveness Index

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 Lift Technology

6.2.2.     By Application

6.2.3.     By Propulsion

6.2.4.     By Country (United States; Canada; Mexico; and Rest of North America)

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 Lift Technology

6.3.1.2.2.             By Application

6.3.2.     Mexico 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 Lift Technology

6.3.2.2.2.             By Application

6.3.3.     Canada 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 Lift Technology

6.3.3.2.2.             By Application

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 Propulsion

7.2.3.     By Country (Poland; Belgium; Switzerland; Germany; France; and Rest of Europe)

7.3.  Europe: Country Analysis

7.3.1.     France 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 Lift Technology

7.3.1.2.2.             By Application

7.3.2.     Germany 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 Lift Technology

7.3.2.2.2.             By Application

7.3.3.     Switzerland 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 Lift Technology

7.3.3.2.2.             By Application

7.3.4.     Belgium 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 Lift Technology

7.3.4.2.2.             By Application

7.3.5.     Poland 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 Lift Technology

7.3.5.2.2.             By Application

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 Propulsion

8.2.3.     By Country (China; Japan; India; South Korea; New Zealand; and Rest of Asia Pacific)

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 Lift Technology

8.3.1.2.2.             By Application

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 Lift Technology

8.3.2.2.2.             By Application

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 Lift Technology

8.3.3.2.2.             By Application

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 Lift Technology

8.3.4.2.2.             By Application

8.3.5.     New Zealand 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 Lift Technology

8.3.5.2.2.             By Application

9.    Middle East and 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 Propulsion

9.2.3.     By Country (UAE, Saudi Arabia, South Africa and Rest of Middle East & Africa)

9.3.  MEA: Country Analysis

9.3.1.     South Africa 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 Lift Technology

9.3.1.2.2.             By Application

9.3.2.     Saudi Arabia 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 Lift Technology

9.3.2.2.2.             By Application

9.3.3.     UAE 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 Lift Technology

9.3.3.2.2.             By Application

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 Propulsion

10.2.3.  By Country (Brazil; Argentina; Colombia; and Rest of South America)

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 Lift Technology

10.3.1.2.2.           By Application

10.3.2.  Argentina 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 Lift Technology

10.3.2.2.2.           By Application

10.3.3.  Colombia 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 Lift Technology

10.3.3.2.2.           By Application

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Competitive Landscape

13.1.              Competition Outlook

13.2.              Company Profiles

13.2.1.  Bell Helicopter Textron Inc.

13.2.2.  Neva Aerospace Ltd.

13.2.3.  Aurora Flight Sciences Corp.

13.2.4.  The Boeing Company

13.2.5.  Lockheed Martin Corp.

13.2.6.  A³ By Airbus

13.2.7.  Lilium GmbH

13.2.8.  Embraer S.A.

13.2.9.  Beijing Yi-Hang Creation Science & Technology Co., Ltd.

13.2.10.                Volocopter GmbH

14.  Strategic Recommendations

                                                                                                                        (Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com