The Business Research Company’s EVTOL Aircraft Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The EVTOL Aircraft Global Market Report 2023 evaluates evtol aircraft market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global evtol aircraft market is expected to grow from $14,362.9 million in 2025 to $51,182.6 million in 2031 at a compound annual growth rate (CAGR) of 23.6%.
The growing need for green energy and noise-free aircraft is expected to drive the growth of the eVTOL aircraft market during the forecast period. The strive for greater fuel efficiency and a reduction in noise pollution is the central need to reduce environmental impact. The energy for eVTOL aircraft is generated by powered lift designs using turbofan engines with auxiliary or augmented lift fans. Most electric-powered VTOL aircraft being developed today will use distributed electric propulsion (DEP) as a gateway to sustainable aviation. The demand for eVTOL aircraft will grow in response to the growing need for green energy and noise-free aircraft, as the eVTOL aircraft is powered by electric energy that does not affect the environment. As an instance, according to a study on the future of urban air mobility (UAM) commissioned in 2019 by NEXA Advisors, a USA-based firm providing corporate and strategic financial advisory services, during the 2030 to 2040 period, the market will observe an exponential growth, with a projected 1.3 billion passengers and demand for 28,000 eVTOL aircraft. In addition, the world has set an ambition to reach Net Zero Emission by 2050, which indicates that there is a growing demand for sustainable transport, including sustainable air transport systems. Thus, the growing need for green energy and noise-free aircraft will drive the growth of the eVTOL aircraft market in the future.
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The evtol aircraft market segments in the report are:
1) By Lift Technology: Vectored Thrust; Multirotor; Lift Plus Cruise
2) By Propulsion Type: Fully Electric; Hybrid Electric; Hydrogen Electric
3) By Mode Of Operation: Autonomous; Cement Industry; Semi-Automated; Piloted
4) By Application: Commercial; Military; Emergency Medical Services; Other Applications
The table of contents in TBRC’s evtol aircraft market report includes:
- Executive Summary
- Table of Contents
- List of Figures
- List of Tables
- Report Structure
- Introduction and Market Characteristics
- Major Trends And Strategies
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- Opportunities And Strategies
- eVTOL Aircraft Market, Conclusions And Recommendations
- Appendix
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