Electric VTOL (eVTOL) Aircraft Industry Analysis:the global market size is projected to reach USD 68.17 billion by 2029

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Published: 2024-10-31

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eVTOL (electric vertical takeoff and landing) is a type of aircraft that uses electric power to hover, take off, and land vertically. This technology came about thanks to major advances in electric propulsion (motors, batteries, electronic controllers) and the growing need for new vehicles for urban air mobility (air taxi).

eVTOL is an electric aircraft that is distinguished by electrification, automated control and the possibility of vertical take-off and landing. Due to its efficiency, noiselessness and the fact that a small “patch” of ground is enough for vertical take-off and landing, eVTOL craft can make flights a common form of movement of earthlings in space.

The Electric VTOL (eVTOL) Aircraft industry can be broken down into several segments, Electric, Hydrogen Fuel Cell, Hybrid, etc.

Across the world, the major players cover Volocopter GmbH, Beta Technologies, Embraer S.A., Lilium GmbH, Archer Aviation, Joby Aviation, Jaunt Air Mobility, Wisk, Airbus, Ehang, etc.

According to the new market research report “Electric VTOL (eVTOL) Aircraft - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Electric VTOL (eVTOL) Aircraft market size is projected to reach USD 68.17 billion by 2029, at a CAGR of 227.4% during the forecast period.

 Electric VTOL (eVTOL) Aircraft

Source: QYResearch, "Electric VTOL (eVTOL) Aircraft - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

 

 

  • Global Electric VTOL (eVTOL) Aircraft Top1Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)

 Electric VTOL (eVTOL) Aircraft

Source: QYResearch, "Electric VTOL (eVTOL) Aircraft - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

 

 

The global key manufacturer of Electric VTOL (eVTOL) Aircraft is Ehang, , etc. In 2021, the global top one player had a share approximately 100.0% in terms of revenue.


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