Global eVTOL Vehicle Market Growth 2025-2031

The global eVTOL Vehicle market size is predicted to grow from US$ 16710 million in 2025 to US$ 40450 million in 2031; it is expected to grow at a CAGR of 15.9% from 2025 to 2031.

An eVTOL is an Electric Vertical Take-Off and Landing Vehicle. Vertical Take-Off vehicles do not require an extended runway to fly. These vehicles can land in your yard or driveway as well as designated parking lots and vertiports. An electric vertical take-off and landing (eVTOL) aircraft uses electric power to hover, take off, and land vertically. This technology came about thanks to major advances in electric propulsion (motors, batteries, fuel cells, electronic controllers) and the growing need for new vehicles for urban air mobility (air taxi).

An eVTOL is an Electric Vertical Take-Off and Landing Vehicle. Vertical Take-Off vehicles do not require an extended runway to fly. These vehicles can land in your yard or driveway as well as designated parking lots and vertiports. An electric vertical take-off and landing (eVTOL) aircraft uses electric power to hover, take off, and land vertically. This technology came about thanks to major advances in electric propulsion (motors, batteries, fuel cells, electronic controllers) and the growing need for new vehicles for urban air mobility (air taxi).

United States market for eVTOL Vehicle is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for eVTOL Vehicle is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for eVTOL Vehicle is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key eVTOL Vehicle players cover BETA Technologies, Joby Aviation, AIREV, Lilium, Wisk, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “eVTOL Vehicle Industry Forecast” looks at past sales and reviews total world eVTOL Vehicle sales in 2024, providing a comprehensive analysis by region and market sector of projected eVTOL Vehicle sales for 2025 through 2031. With eVTOL Vehicle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world eVTOL Vehicle industry.

This Insight Report provides a comprehensive analysis of the global eVTOL Vehicle landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on eVTOL Vehicle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global eVTOL Vehicle market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for eVTOL Vehicle and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global eVTOL Vehicle.

This report presents a comprehensive overview, market shares, and growth opportunities of eVTOL Vehicle market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

Fully Electric

Hybrid Power

Segmentation by Application:

Sports Aviation

Personal Entertainment

Public Travel

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.

BETA Technologies

Joby Aviation

AIREV

Lilium

Wisk

Jetson AB

ZEVA Aero

Vertical Aerospace

EVE

Archer Aviation

Volocopter

ASKA Drive & Fly Vehicle

Geely

AirCar Corp

Key Questions Addressed in this Report

What is the 10-year outlook for the global eVTOL Vehicle market?

What factors are driving eVTOL Vehicle market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do eVTOL Vehicle market opportunities vary by end market size?

How does eVTOL Vehicle break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.