Global Electric Vertical Take-off and Landing Market Segmentation, By Types (Fixed Wing Aircraft, Helicopters, Cyclocopters, Tiltrotors), Modes (Conventional Take- off and Landing, Short Take-off and Landing, Short Take-off and Vertical Landing), Product Type (Vectored Thrust , Multirotor ), Application (Civil , Military) - Industry Trends and Forecast to 2032
Electric Vertical Take-off and Landing Market Analysis
The electric vertical take-off and landing (eVTOL) is being utilized as the next generation of autonomous electric aircraft. This technology provide improved comfort, safety, and reduced noise. eVTOL aircrafts are getting highly popular among urban population.
Electric Vertical Take-off and Landing Market Size
Global electric vertical take-off and landing market size was valued at USD 50.04 billion in 2024 and is projected to reach USD 189.38 billion by 2032, with a CAGR of 18.10% during the forecast period of 2025 to 2032.
Report Scope and Market Segmentation
|
Attributes
|
Electric Vertical Take-off and Landing Key Market Insights
|
|
Segmentation
|
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
|
|
Key Market Players
|
Lilium (Germany), EHANG (China), Volocopter GmbH (Germany), Airbus S.A.S (Netherlands), TERRAFUGIA (US), Joby Aviation (US), KITTY HAWK (US), PAL-V (US), ICON Aircraft, Inc. (US), DeLorean Motor Company (US), EchoBlue Ltd. (UK), Fehr & Peers (US), and EmbraerX (Brazil), among others
|
|
Market Opportunities
|
|
Electric Vertical Take-off and Landing Market Definition
Vertical take- off and landing aircraft is that aircraft that can take- off and land vertically. They are of different types like helicopter, fixed wing aircraft, cyclocopters etc. In military there are mainly two types of VTOL aircraft- tiltrotor and jet thrust. They usually are safe and have efficiency and speed. They are widely used by military due to which this market growing tremendously.
Electric Vertical Take-off and Landing Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Demand for Efficient and Effective Mobility
The rise in demand for efficient and effective mobility in urban areas is one of the major factors driving the growth of electric vertical take-off and landing market. Companies and municipal corporations are working on eVTOL aircraft manufacturing for air mobility solutions.
- High Demand from Military
The surge in demand for the electric vertical take-off and landing technology across the military sector across the globe accelerate the market growth.
- Rise in Popularity of Military Vertical Take-Off and Landing (VTOL) Aircraft
The rise in the rise in popularity of military vertical take-off and landing (VTOL) aircraft further influence the market. These possess efficient and lightweight turbofans, and can perform more maneuvers. These aircrafts easily and safely from a base location and transport troops quickly.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the electric vertical take-off and landing market.
Opportunities
Furthermore, technological advancements in the electric vertical take-off and landing extend profitable opportunities to the market players in the forecast period of 2025 to 2032. Also, surge in investments will further expand the market.
Restraints/Challenges
On the other hand, heavy weight of electric vertical take- off and landing aircraft is expected to obstruct market growth. Also, cost associated with the maintenance is projected to challenge the electric vertical take-off and landing market in the forecast period of 2025-2032.
This electric vertical take-off and landing market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electric vertical take-off and landing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Electric Vertical Take-off and Landing Market Scope
The electric vertical take-off and landing market is segmented on the basis of types, modes, product type and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Types
- Fixed Wing Aircraft
- Helicopters
- Cyclocopters
- Tiltrotors
Modes
- Conventional Take- off and Landing
- Short Take-off and Landing
- Short Take-off and Vertical Landing
Product Type
- Vectored Thrust
- Multirotor
Application
- Civil
- Military
Electric Vertical Take-off and Landing Market Regional Analysis
The electric vertical take-off and landing market is analyzed and market size insights and trends are provided by country, types, modes, product type and application as referenced above.
The countries covered in the electric vertical take-off and landing market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
North America dominates the electric vertical take-off and landing market because of the developed infrastructure within the region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2025 to 2032 because of the rise in disposable income in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Electric Vertical Take-off and Landing Market Share
The electric vertical take-off and landing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to electric vertical take-off and landing market.
Electric Vertical Take-off and Landing Market Leaders Operating in the Market Are:
- Lilium (Germany)
- EHANG (China)
- Volocopter GmbH (Germany)
- Airbus (Netherlands)
- TERRAFUGIA (US)
- Joby Aviation. (US)
- KITTYHAWK (US)
- PAL-V (US)
- ICON Aircraft, Inc. (US)
- DeLorean Motors Reimagined LLC (US)
- EchoBlue Ltd. (UK)
- Fehr & Peers. (US)
- EmbraerX (Brazil)
Latest Developments in Electric Vertical Take-off and Landing Market
- United Parcel Service (UPS) announced the testing of electric vertical take-off and landing aircraft (eVTOLs) for package delivery in April’2022. The company plans to test the 10 Evtol Purchased from Beta Technologies (Beta) for the use in its Express Air Delivery network. These are set to be delivered to UPS in 2024 after receiving the certification from the Federal Aviation Administration (FAA).
SKU-