eVTOL Aircraft Market By New Business Developments, Innovations, Forecast To 2022-2031

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Shibuya Data Count

May 01, 2022, 22:45 EST

Shibuya-ku, Tokyo, Japan, Japan, May 01, 2022, 22:45 /Comserve / -- The eVTOL aircraft market has generated revenue of $686.5 million by 2033, growing from $156.5 million in 2025 at a CAGR of 20.3%.

eVTOLs (electric vertical takeoff and landing aircraft) are the aircrafts that mainly consist of fixed-wing aircraft, rotorcraft, cyclocopters and others that can land and take-off without needing a runway. The tremendous increase in urbanization is one of the key factors for eVTOL aircraft market growth. In addition, eVTOL is considered as a safe, affordable, and effective mode of transportation.

Furthermore, extensive growth in the road traffic fatalities and increasing government policies against CO2 emissions of vehicles are projected to drive the growth of the global eVTOL aircrafts market. However, structural complexities and severe climatic conditions are projected to obstruct the growth of eVTOL Aircraft market. Manufacturing of highly integrated eVTOL as medical use is anticipated to create huge opportunities in the market, in the upcoming years. Also, eVTOLs could be considered as an essential tool for natural disaster relief, like storms, wildfires, and flood relief. These key elements are anticipated to create vast opportunities for the eVTOL aircraft market growth.

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Based on lift technology, the eVTOL aircraft market is segmented into vectored, lift plus cruise and thrust multirotor. The vectored thrust shall have the rapid growth in the market and it is projected to generate a revenue of $219.0 million by 2033, growing from $45.2 million in 2025.

Based on the mode of operation, the global eVTOL aircraft market is segmented into optionally piloted, and piloted. optionally operated segment shall have the fastest growth in the market and it is projected to cross $356.3 million by 2033, with the rise from $76.2 million in 2025.

Based on the range, global eVTOL aircraft market is bifurcated into 200 to 500 kilometers and 0 to 200 kilometers. Range of 0 to 200 Kilometers segment is anticipated to have a huge market share in the market, and it is projected to register a revenue of $446.9 million, during the projected period.

Based on Application, the global eVTOL aircraft market is segmented into military, commercial, and cargo. The commercial segment of the eVTOL aircraft is projected to experience huge growth and it is projected to register a revenue of $253.3 million, over the forecast period.

Based on MTOW, the global eVTOL aircraft market is segmented into 250–500 kilograms, <250 kilograms, >1,500 kilograms, and 500–1,500 kilograms. 250-500 kilograms segment of eVTOL aircraft market shall generate revenue $315.1 million, during the forecast period.

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Based on the type of propulsion, the eVTOL aircraft market is categorized into electric/hydrogen, electric/battery, and electric/hybrid. The electric battery segment has witnessed rapid growth and it is projected to cross $310.5 million by 2033.

eVTOL Aircraft market of the Asia-Pacific region is anticipated to increase at a healthy CAGR of 22.1% by generating a revenue of $160.6 million by 2033. The North American eVTOL Aircraft market has registered a revenue of $56.0 million in 2025 and it is anticipated to cross $212.8 million by 2033.

The leading eVTOL aircraft market manufacturers are Lilium GmbH, EHang, Aurora Flight Sciences, Airbus S.A.S., Workhorse., Bell Textron Inc., Karem Aircraft, Inc., Volocopter GmbH, PIPISTREL d.o.o., and KITTY HAWK.

The dynamic nature of business environment in the current global economy is raising the need amongst business professionals to update themselves with current situations in the market. To cater such needs, Shibuya Data Count provides market research reports to various business professionals across different industry verticals, such as healthcare & pharmaceutical, IT & telecom, chemicals and advanced materials, consumer goods & food, energy & power, manufacturing & construction, industrial automation & equipment and agriculture & allied activities amongst others.

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Shibuya Data Count
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