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EVTOL Aircraft Market Report

RA00166

eVTOL Aircraft Market, by Lift Technology (Thrust Multirotor, Vectored, Lift Plus Cruise), by Mode of Operation (Optionally Piloted, Piloted), by Range (200 to 500 Kilometers), (0 to 200 Kilometers), by Application (Military, Commercial, Cargo), by Maximum Take Off Weight (250–500 Kilograms, <250 Kilograms, >1,500 Kilograms, 500–1,500 Kilograms), by Type of Propulsion (Electric/Hydrogen, Electric/Battery, Electric/Hybrid), Regional Analysis (North America, Europe, Asia Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2025–2033

RA00166

Pages: 109

Apr 2020

COVID-19

pandemic has shown to have an enormous impact on most
industries.

Click Here to access our comprehensive analysis of the

Impact of covid-19 on eVTOL Aircraft Market

Global eVTOL Aircraft Industry Insights 2033:

The global electric vertical takeoff and landing aircraft (eVTOL aircraftmarket) forecast will be $686.5million by2033,increasing from $156.5million in 2025 at a healthy CAGR of 20.3%.Asia-Pacific eVTOL aircraftmarket is expected to grow at a healthy CAGR of 22.1% by generating a revenue of $160.6million, during the forecasted period. Strategic partnerships,increased importance of travel time and extensively rising urbanizationareexpected to augment the growth of the Asia-Pacific market.

eVTOL (electric vertical takeoff and landing aircraft) is an aircraft category that consists ofrotorcraft,fixed-wing aircraft,tiltrotor aircraft,and cyclocopters. This highly advancedelectrical aircraft can take-off and land without requiring a runway and can perform maneuvers as well.eVTOLsare cost-effective and environmentally friendly aircrafts with the capabilities ofa drone as well as a conventional airplane.

Driving Factors: The dramatic global rise of urbanization is one of the significant factors for the growth of global eVTOL aircraft market

The increasing global urbanization rate, across the world, is anticipated to drive the growth of eVTOL aircraft market,during the forecast period.As per a survey conducted by the UN, around 54% of the global population resides in the urban areas, and it is expected to surge to 66% by the end of 2050.Moreover,extensive growth inroad traffic accidents and rising government regulations against vehicleCO2 emissions arealso anticipated to boost the demand for eVTOL aircrafts in the global market. For instance, as per data of the World Health Organization, road fatalities are anticipated to become the 5thleading cause of death by the end of the year 2030. Furthermore, these eVTOLs areaffordable,safe, and an efficient mode of transportation which will further be projected to drive the growth of the market.

To know more about eVTOL AircraftMarket Drivers, get in touch with our analysts here.

https://www.researchdive.com/connect-to-analyst/166

Market Restrain: less speed at a low altitude andstructural complexitiesare anticipated to restrain the global eVTOL Aircraftmarket growth

Structural complexities,less speed at a low altitude, and less ability to maneuver the jet to a safe location, these factorsare anticipated to restrain the growth of eVTOL Aircraft market, during the forecast period.

Manufacturing of eVTOL for medical useis projected to create immense opportunities in theglobal market, over the forecast period

eVTOLs has many significant roles in hospitals and clinicsfor medical emergencies. eVTOL take-off faster along withit has ability to land in tighter spots than helicopters. The lower noise signature and inherent electric efficiency make them most excellent for hospital use. In addition, the eruption of disease outbreaks worldwide along with an increasing acceptance of electric VTOL aircraft for emergency medical services (EMS) is one of the significant factors for the growth of eVTOL aircraft market, during the projected period. For instance, in February 2020, the Chinese autonomous aerial vehicle (AAV) developer, EHang has significantly used eVTOL as ambulances during the catastrophic Coronavirus outbreak. Furthermore, eVTOLS has thepotentialuse for natural disaster relief. Such aswildfires, flood relief, and storms. These key factors are projected to create enormous opportunities for the growth of eVTOLaircraft market, in the global market.

The vectored thrust will have the fastestgrowthin the global market and it isanticipated to register a revenue of $219.0million by 2033, increasing from $45.2million in 2025. The vectored thrust aircrafts are most efficient in cruise and they have ahigher range. The highly advanced thrust vectoredaircrafts such as Su-35 and F-22 are the most maneuverable globally. 

eVTOL aircraft market for the optionallyoperated segment will have majorgrowth and it is anticipated to account for $356.3million by 2033, with a rise from $76.2million in 2025. Optionally piloted eVTOL aircrafts are most versatile and can be efficiently used to transport passengers without the intervention of humans. Also, many established players are investing heavily on R&D and focusing more on technological advancements. For instance,Aurora Flight Sciences has developed the aircraft, which is strong in autopilot technologies.

Range of 0 to 200 Kilometers segment is projected to have the largest market share in the global market, and it is anticipated to generate a revenue of $446.9 million, over the forecast period. Emerging startups are investing heavily and focusing mainly on the manufacturing of short-range aircrafts. On the other hand, 200 to 500 kilometers range eVTOLs will have the fastest growth in the global market and it is projected to register a revenue of $239.6 million, during the projected period.

The commercial segment of eVTOL aircraft is anticipated to witness high growth and it is anticipated to generate a revenue of $253.3 million, during the projected period.eVTOL generateslow noise itrequires less space. Furthermore,key market playerssuch as Airbus SAS,Rolls-Royce PLC, and Uber Technologies, Inc. are investing heavily in the development of eVTOL to provideapassenger experience and to minimize traveling time.

250-500 kilograms segmentfor the eVTOL aircraft market will register a revenue of $315.1 million, over the projected period. This is mainly because of the limited impact of the legal and regulatory framework and increasing technological exposure.

The electric battery segment has experiencedmassive growth and it is anticipated to register a revenue of $310.5 million by 2033.Theincreasing demand for fully-electric aircraft, across the globe, is one of the key factors for the growth of the market. Also, increase in the adoption of electric batteries for a power source to eVTOL aircraft is making a positive impact on this segment. Furthermore, the development of multiple eVTOL aircraft by key players is driving the growth of the market. 

NorthAmerica region will have asignificant market share and it is anticipated to register a revenue of $212.8million, over the forecast period.

The eVTOL Aircraftmarket size in NorthAmericagenerated a revenue of $56.0million in 2025and it is projected to account for $212.8million by 2033. Leading players such as Workhorseand Aurora Flight Sciences of the US are investing heavily in R&D and focusing mainly on the newest technology innovations. Moreover,the availability of sophisticated technologies and investments by the US Army in the eVTOL aircraft market is anticipated to generate noticeable revenue, over the projected period.

Porter’s Five Forces Analysis for eVTOL AircraftMarket:

 

  • Bargaining Power of Suppliers: Leading suppliers in the aerospace and defense sector use negotiating power to gain higher prices. In addition, the switching cost from one supplier toanother is anticipated to be high.The bargaining power of suppliers is HIGH.

  • Bargaining Power of Buyer: Limited number of manufactures is in the global market. So there will be low bargaining power. The bargaining power of the buyer isLOW.

  • Threat of New Entrants: Government regulationscombined with high cost associated with research and development offer low risk of entry from new competitors. The threat of new entrants is LOW.

  • Threat of Substitutes: There is no substitute for eVTOL so far.The threat of substitutes isVERY LOW.

  • Competitive Rivalry in the Market: eVTOL aircraft market has a high number of small, medium and large, organizations. Establishedplayers are mainly following product development, strategic collaborations, and technological evolutions; this is also a significant factor for high competitive rivalry in the global eVTOL Aircraft market.The competitive rivalry in the industry is HIGH.

Aspect

Particulars

  Base Year for Market Estimation

  2025

  Forecast timeline for Market Projection

  2025-2033

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Lift Technology

  • Thrust Multirotor
  • Vectored
  • Lift Plus Cruise

  Segmentation by Mode of Operation

  • Optionally Piloted
  • Piloted

  Segmentation by Range

  • (0 to 200 Kilometers)
  • (200 to 500 Kilometers)

  Segmentation byApplication

  • Military
  • Commercial
  • Cargo

  Segmentation byMaximum Take Off Weight

  • 250–500 Kilograms
  • <250 Kilograms
  • >1,500 Kilograms
  • 500–1,500 Kilograms

  Segmentation by Type of Propulsion

  • Electric/Hydrogen
  • Electric/Battery
  • Electric/Hybrid

  Key Countries Covered

U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, China, Japan, India, Australia, South Korea, Rest of Asia-Pacific, Brazil, Saudi Arabia, United Arab Emirates, Rest of LAMEA

  Key Companies Profiled

  • EHang
  • Lilium GmbH
  • Airbus S.A.S.
  • Aurora Flight Sciences
  • Bell Textron Inc.
  • Workhorse.
  • Volocopter GmbH
  • Karem Aircraft, Inc.
  • KITTY HAWK
  • PIPISTREL d.o.o.

 


FREQUENTLY ASKED QUESTIONS?
 

A. The global eVTOL aircraftmarketsize was over $156.5million in 2025 and is projected to reach $686.5million by 2033.

A. EHang, Lilium GmbH, and Airbus S.A.S.are some of the key players in the global eVTOL Aircraft Market.

A. The Asia-Pacificregion possesses great investment opportunities for investors to witness the most promising growth in the future.

A. The Asia-Pacific marketeVTOL aircraftmarketis anticipated to grow at 22.1% CAGR during the forecast period.

A. Technological advancements, product development, along with joint ventures are the key strategies opted by the operating companies in this market.

A. Aurora Flight Sciences, Bell Textron Inc.companies are investing more on R&D activities for developing new products and technologies.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.Lift Technology trends
2.3.Mode of Operation trends
2.4.Range trends
2.5.Application trends
2.6.MTOW trends
2.7.Type of Propulsion trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview

4.eVTOL Aircraft, by Lift Technology

4.1.Thrust Multirotor

4.1.1.Market size and forecast, by region, 2025-2033
4.1.2.Comparative market share analysis, 2025&2033

4.2.Vectored

4.2.1.Market size and forecast, by region, 2025-2033
4.2.2.Comparative market share analysis, 2025&2033

4.3.Lift Plus Cruise

4.3.1.Market size and forecast, by region, 2025-2033
4.3.2.Comparative market share analysis, 2025&2033

5.eVTOL Aircraft, by Mode of Operation

5.1.Optionally Piloted

5.1.1.Market size and forecast, by region, 2025-2033
5.1.2.Comparative market share analysis, 2025&2033

5.2.Piloted

5.2.1.Market size and forecast, by region, 2025-2033
5.2.2.Comparative market share analysis, 2025&2033

6.eVTOL Aircraft, by Range

6.1.1.Market size and forecast, by region, 2025-2033
6.1.2.Comparative market share analysis, 2025&2033

7.eVTOL Aircraft, by Application

7.1.1.Market size and forecast, by region, 2025-2033
7.1.2.Comparative market share analysis, 2025&2033

8.eVTOL Aircraft,by MTOW

8.1.1.Market size and forecast, by region, 2025-2033
8.1.2.Comparative market share analysis, 2025&2033

9.eVTOL Aircraft, by Type of Propulsion

9.1.1.Market size and forecast, by region, 2025-2033
9.1.2.Comparative market share analysis, 2025&2033

10.eVTOL Aircraft, by region

10.1.North America

10.1.1.Market size and forecast, by lift technology, 2025-2033
10.1.2.Market size and forecast, by mode of operation, 2025-2033
10.1.3.Market size and forecast, by Range, 2025-2033
10.1.4.Market size and forecast, by Application, 2025-2033
10.1.5.Market size and forecast, by MTOW, 2025-2033
10.1.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.1.7.Market size and forecast, by country, 2025-2033
10.1.8.Comparative market share analysis, 2025&2033
10.1.9.U.S.

10.1.9.1.Market size and forecast, by lift technology, 2025-2033
10.1.9.2.Market size and forecast, by mode of operation, 2025-2033
10.1.9.3.Market size and forecast, by Range, 2025-2033
10.1.9.4.Market size and forecast, by Application, 2025-2033
10.1.9.5.Market size and forecast, by MTOW, 2025-2033
10.1.9.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.1.9.7.Comparative market share analysis, 2025&2033

10.1.10.Canada

10.1.10.1.Market size and forecast, by lift technology, 2025-2033
10.1.10.2.Market size and forecast, by mode of operation, 2025-2033
10.1.10.3.Market size and forecast, by Range, 2025-2033
10.1.10.4.Market size and forecast, by Application, 2025-2033
10.1.10.5.Market size and forecast, by MTOW, 2025-2033
10.1.10.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.1.10.7.Comparative market share analysis, 2025&2033

10.1.11.Mexico

10.1.11.1.Market size and forecast, by lift technology, 2025-2033
10.1.11.2.Market size and forecast, by mode of operation, 2025-2033
10.1.11.3.Market size and forecast, by Range, 2025-2033
10.1.11.4.Market size and forecast, by Application, 2025-2033
10.1.11.5.Market size and forecast, by MTOW, 2025-2033
10.1.11.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.1.11.7.Comparative market share analysis, 2025&2033

10.2.Europe

10.2.1.Market size and forecast, by lift technology, 2025-2033
10.2.2.Market size and forecast, by mode of operation, 2025-2033
10.2.3.Market size and forecast, by Range, 2025-2033
10.2.4.Market size and forecast, by Application, 2025-2033
10.2.5.Market size and forecast, by MTOW, 2025-2033
10.2.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.2.7.Market size and forecast, by country, 2025-2033
10.2.8.Comparative market share analysis, 2025&2033
10.2.9.Germany 

10.2.9.1.Market size and forecast, by lift technology, 2025-2033
10.2.9.2.Market size and forecast, by mode of operation, 2025-2033
10.2.9.3.Market size and forecast, by Range, 2025-2033
10.2.9.4.Market size and forecast, by Application, 2025-2033
10.2.9.5.Market size and forecast, by MTOW, 2025-2033
10.2.9.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.2.9.7.Comparative market share analysis, 2025&2033

10.2.10.UK

10.2.10.1.Market size and forecast, by lift technology, 2025-2033
10.2.10.2.Market size and forecast, by mode of operation, 2025-2033
10.2.10.3.Market size and forecast, by Range, 2025-2033
10.2.10.4.Market size and forecast, by Application, 2025-2033
10.2.10.5.Market size and forecast, by MTOW, 2025-2033
10.2.10.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.2.10.7.Comparative market share analysis, 2025&2033

10.2.11.France

10.2.11.1.Market size and forecast, by lift technology, 2025-2033
10.2.11.2.Market size and forecast, by mode of operation, 2025-2033
10.2.11.3.Market size and forecast, by Range, 2025-2033
10.2.11.4.Market size and forecast, by Application, 2025-2033
10.2.11.5.Market size and forecast, by MTOW, 2025-2033
10.2.11.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.2.11.7.Comparative market share analysis, 2025&2033

10.2.12.Spain

10.2.12.1.Market size and forecast, by lift technology, 2025-2033
10.2.12.2.Market size and forecast, by mode of operation, 2025-2033
10.2.12.3.Market size and forecast, by Range, 2025-2033
10.2.12.4.Market size and forecast, by Application, 2025-2033
10.2.12.5.Market size and forecast, by MTOW, 2025-2033
10.2.12.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.2.12.7.Comparative market share analysis, 2025&2033

10.2.13.Italy 

10.2.13.1.Market size and forecast, by lift technology, 2025-2033
10.2.13.2.Market size and forecast, by mode of operation, 2025-2033
10.2.13.3.Market size and forecast, by Range, 2025-2033
10.2.13.4.Market size and forecast, by Application, 2025-2033
10.2.13.5.Market size and forecast, by MTOW, 2025-2033
10.2.13.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.2.13.7.Comparative market share analysis, 2025&2033

10.2.14.Rest of Europe

10.2.14.1.Market size and forecast, by lift technology, 2025-2033
10.2.14.2.Market size and forecast, by mode of operation, 2025-2033
10.2.14.3.Market size and forecast, by Range, 2025-2033
10.2.14.4.Market size and forecast, by Application, 2025-2033
10.2.14.5.Market size and forecast, by MTOW, 2025-2033
10.2.14.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.2.14.7.Comparative market share analysis, 2025&2033

10.3.Asia Pacific

10.3.1.Market size and forecast, by lift technology, 2025-2033
10.3.2.Market size and forecast, by mode of operation, 2025-2033
10.3.3.Market size and forecast, by Range, 2025-2033
10.3.4.Market size and forecast, by Application, 2025-2033
10.3.5.Market size and forecast, by MTOW, 2025-2033
10.3.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.3.7.Market size and forecast, by country, 2025-2033
10.3.8.Comparative market share analysis, 2025&2033
10.3.9.China

10.3.9.1.Market size and forecast, by lift technology, 2025-2033
10.3.9.2.Market size and forecast, by mode of operation, 2025-2033
10.3.9.3.Market size and forecast, by Range, 2025-2033
10.3.9.4.Market size and forecast, by Application, 2025-2033
10.3.9.5.Market size and forecast, by MTOW, 2025-2033
10.3.9.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.3.9.7.Comparative market share analysis, 2025&2033

10.3.10.India 

10.3.10.1.Market size and forecast, by lift technology, 2025-2033
10.3.10.2.Market size and forecast, by mode of operation, 2025-2033
10.3.10.3.Market size and forecast, by Range, 2025-2033
10.3.10.4.Market size and forecast, by Application, 2025-2033
10.3.10.5.Market size and forecast, by MTOW, 2025-2033
10.3.10.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.3.10.7.Comparative market share analysis, 2025&2033

10.3.11.Australia 

10.3.11.1.Market size and forecast, by lift technology, 2025-2033
10.3.11.2.Market size and forecast, by mode of operation, 2025-2033
10.3.11.3.Market size and forecast, by Range, 2025-2033
10.3.11.4.Market size and forecast, by Application, 2025-2033
10.3.11.5.Market size and forecast, by MTOW, 2025-2033
10.3.11.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.3.11.7.Comparative market share analysis, 2025&2033

10.3.12.Rest of Asia Pacific

10.3.12.1.Market size and forecast, by lift technology, 2025-2033
10.3.12.2.Market size and forecast, by mode of operation, 2025-2033
10.3.12.3.Market size and forecast, by Range, 2025-2033
10.3.12.4.Market size and forecast, by Application, 2025-2033
10.3.12.5.Market size and forecast, by MTOW, 2025-2033
10.3.12.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.3.12.7.Comparative market share analysis, 2025&2033

10.4.LAMEA

10.4.1.Market size and forecast, by lift technology, 2025-2033
10.4.2.Market size and forecast, by mode of operation, 2025-2033
10.4.3.Market size and forecast, by Range, 2025-2033
10.4.4.Market size and forecast, by Application, 2025-2033
10.4.5.Market size and forecast, by MTOW, 2025-2033
10.4.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.4.7.Market size and forecast, by country, 2025-2033
10.4.8.Comparative market share analysis, 2025&2033
10.4.9.Latin America 

10.4.9.1.Market size and forecast, by lift technology, 2025-2033
10.4.9.2.Market size and forecast, by mode of operation, 2025-2033
10.4.9.3.Market size and forecast, by Range, 2025-2033
10.4.9.4.Market size and forecast, by Application, 2025-2033
10.4.9.5.Market size and forecast, by MTOW, 2025-2033
10.4.9.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.4.9.7.Comparative market share analysis, 2025&2033

10.4.10.Middle East 

10.4.10.1.Market size and forecast, by lift technology, 2025-2033
10.4.10.2.Market size and forecast, by mode of operation, 2025-2033
10.4.10.3.Market size and forecast, by Range, 2025-2033
10.4.10.4.Market size and forecast, by Application, 2025-2033
10.4.10.5.Market size and forecast, by MTOW, 2025-2033
10.4.10.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.4.10.7.Comparative market share analysis, 2025&2033

10.4.11.Africa

10.4.11.1.Market size and forecast, by lift technology, 2025-2033
10.4.11.2.Market size and forecast, by mode of operation, 2025-2033
10.4.11.3.Market size and forecast, by Range, 2025-2033
10.4.11.4.Market size and forecast, by Application, 2025-2033
10.4.11.5.Market size and forecast, by MTOW, 2025-2033
10.4.11.6.Market size and forecast, by Type of Propulsion, 2025-2033
10.4.11.7.Comparative market share analysis, 2025&2033

11.Company profiles

11.1.EHang

11.1.1.Business overview
11.1.2.Financial performance
11.1.3.Product portfolio
11.1.4.Recent strategic moves & developments
11.1.5.SWOT analysis

11.2.Lilium GmbH

11.2.1.Business overview
11.2.2.Financial performance
11.2.3.Product portfolio
11.2.4.Recent strategic moves & developments
11.2.5.SWOT analysis

11.3.Airbus S.A.S.

11.3.1.Business overview
11.3.2.Financial performance
11.3.3.Product portfolio
11.3.4.Recent strategic moves & developments
11.3.5.SWOT analysis

11.4.Aurora Flight Sciences

11.4.1.Business overview
11.4.2.Financial performance
11.4.3.Product portfolio
11.4.4.Recent strategic moves & developments
11.4.5.SWOT analysis

11.5.Bell Textron Inc.

11.5.1.Business overview
11.5.2.Financial performance
11.5.3.Product portfolio
11.5.4.Recent strategic moves & developments
11.5.5.SWOT analysis

11.6.Workhorse.

11.6.1.Business overview
11.6.2.Financial performance
11.6.3.Product portfolio
11.6.4.Recent strategic moves & developments
11.6.5.SWOT analysis

11.7.Volocopter GmbH

11.7.1.Business overview
11.7.2.Financial performance
11.7.3.Product portfolio
11.7.4.Recent strategic moves & developments
11.7.5.SWOT analysis

11.8.Karem Aircraft, Inc.

11.8.1.Business overview
11.8.2.Financial performance
11.8.3.Product portfolio
11.8.4.Recent strategic moves & developments
11.8.5.SWOT analysis

11.9.KITTY HAWK

11.9.1.Business overview
11.9.2.Financial performance
11.9.3.Product portfolio
11.9.4.Recent strategic moves & developments
11.9.5.SWOT analysis

11.10.PIPISTREL d.o.o.

11.10.1.Business overview
11.10.2.Financial performance
11.10.3.Product portfolio
11.10.4.Recent strategic moves & developments
11.10.5.SWOT analysis

 

The electric vertical takeoff and landing aircraft (eVTOL) is going to be considered as the biggest disruption in the aviation industry. This is a three-dimensional mobility in the air which will provide its passengers much shorter, convenient, and comfortable travel experience.

The amazing features of the eVTOL include:

  • vertical takeoff and landing (VTOL) capability, 

  • electrification of lift and thrust (rotating a propeller/rotor with a motor), 

  • and automation of controls. 

The proposed applications for passenger transportation in an eVTOL aircraft include:

  • air taxis, 

  • emergency response services (rescue, first-aid, police), 

  • Holiday activities. 

In addition,eVTOLintends to get moreability for freight transport than ordinary drones in the sphere of good transportation. 

Researches claim that more than 80 companies are currently working towards the research and development of the aircraft model. These companies include both major automotive and aircraft manufacturers and startups.

Factors driving growth

A recent report  reveals that the increasing global urbanization rate across the world is anticipated to drive the growth of eVTOL aircraft market in the upcoming years. As per a survey conducted by the UN, around 54% of the global population resides in the urban areas which is expected to outpour by 66% towards the end of 2050. 

Moreover, growth in the road traffic accident numbers and increasing government regulations against vehicle CO2 emissions are also anticipated to boost the demand for eVTOL aircrafts in the global market. 

Last but not the least, these eVTOLs are affordable, safe, and an efficient mode of transportation which will further be projected to drive the growth of the market.

The epoch-making leaders and their recent approaches

Uber is ready to make the prime impact in the future opportunity of eVTOL aircraft air taxis and turn it into a reality. In May 2020, the company conducted its second annual Uber Elevate Summit in LA, USA. The new aviation division of the world’s biggest ride-sharing company envisions that in 2023, they are going to begin a newconcept of operations featuring a network of trifling and electric aircraft. This little vehicle will be designed to take off and land vertically from a distributed network of vertiports. These vertiports will include multiple takeoff-and-landing pads and a charging infrastructure for eVTOL aircraft batteries.

The leading Original Equipment Manufacturers (OEM) are also stepping forward to collaborate to the growth of the electric-hybrid-propulsion aircraft market. 

For instance, Boeing acquired Aurora Flight Sciences in 2017. Aurora, another leading market player has been conducting researches on the usage of eVTOL technologies in different configurations for quite a few years. 

According to a recent news, Porsche has made an association with Boeing to design an electric vertical take-off and landing aircraft (eVTOL) and to create a premium urban air mobility service.

Member of the Executive Board for Sales and Marketing at Porsche AG,Detlev von Platenremarked:

“Porsche is looking to enhance its scope as a sports car manufacturer by becoming a leading brand for premium mobility. In the longer term, this could mean moving into the third dimension of travel. We are combining the strengths of two leading global companies to address a potential key market segment of the future.”

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