Global Electric VTOL (eVTOL) Aircraft Market Report Size, Trends & Growth Opportunity, By Lift Technology (Vectored Thrust, Multirotor, Lift plus Cruise), By Propulsion Type (Fully Electric, Hybrid Electric, Hydrogen Electric), By System (Batteries & Cells, Electric Motor/Engine ,Aerostructures, Avionics, Software, Others), By Application(Air Taxis, Air Shuttles & Air Metro, Private Transport, Cargo Transport, Air Ambulance & Medical Emergency, Last Mile Delivery, Inspection & Monitoring, Surveying & Mapping, Surveillance, Special Mission, Others ), By Mode of Operation (Autonomous, Piloted ) By MTOW(<100 kg, 100-1000 kg, 1,000-2,000 kg ,>2,000 kg) , By Range(<= 200 km, > 200 km) By Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa ) And Forecast Till 2027. 
Global Electric VTOL (eVTOL) Aircraft Market

The Global Electric VTOL (eVTOL) Aircraft Market was worth USD 6 Billion in 2021 and is estimated to be USD 21.43 Billion growing at a CAGR of 15.59 % from 2022 to 2027. 

An electric vertical takeoff and landing (VTOL) aircraft is powered by electricity and provides more efficient and faster services. Because of their safety and multi-faceted benefits, eVTOL aircraft is regarded as a next-generation travel solution. Other benefits of eVTOL aircraft include reduced trip timing, safe trips in remote areas, and being extremely environmentally friendly, which aids in the reduction of carbon emissions. Transportation, medical services, agricultural activities, rescue missions, logistics, and national security are all served by electrical vertical takeoff and landing aircraft. Electronic technologies are rapidly evolving, resulting in significant growth in the global market for eVTOL aircraft.

Market Drivers

The increased CO2 emissions are driving up the demand for green energy. CO2 emissions have increased due to population growth, according to the EIA's (Energy Information Administration) International Energy Report 2021. According to the Air Transport Air Group (ATAG), global aviation emits about 2% CO2. According to ATAG's most recent release, a long-term climate change goal of cutting CO2 emissions in half by 2050 has been established. Electric, hybrid, and hydrogen aircraft research and development are expected to aid in the transition from fossil fuel to sustainable aviation fuel.

Thus, the Electric VTOL aircraft reduces carbon emissions by using the above-mentioned sustainable aviation fuel. Airbus has revealed its City Bus next GEN aircraft, which is a quieter and zero-emission version of eVTOL.

Market Restraints

The commercialization of eVTOL travel solutions necessitates the construction of infrastructure such as sports, charging stations, and others. The initial cost of such infrastructure is very high, and development takes time, which is expected to limit the market growth. Furthermore, strict certifications from aviation agencies such as the Federal Aviation Administration (FAA) and the European Union Aviation Safety Agency (EASA) for eVTOL designs are expected to stymie market growth.

Market Segmentation

The Global Electric VTOL (eVTOL) Aircraft Market is classified into Lift Technology (Vectored Thrust, Multirotor, Lift plus Cruise), Propulsion Type (Fully Electric, Hybrid Electric, Hydrogen Electric), System (Batteries & Cells, Electric Motor/Engine, Aerostructures, Avionics, Software, Others), Application (Air Taxis, Air Shuttles & Air Metro, Private Transport, Cargo Transport, Air Ambulance & Medical Emergency, Last Mile, Avionics, Software, Others), Application (Air Taxis, Air Shuttles & Air Metro, Private Transport, Cargo Transport, Air Ambulance & Medical Emergency, Last Mile Delivery, Inspection & Monitoring, Surveying & Mapping, Surveillance, Special Mission, Others ), Mode of Operation (Autonomous, Piloted ) MTOW(2,000 kg), Range( 200 km) Region (North America, Europe, Asia Pacific, Latin America, Middle East & South Africa).
Regional Analysis
Because of its rapid adoption of eVTOL aircraft for urban air mobility, North America dominates the market geographically. The market is expected to grow during the forecast period due to increased spending on research and development (R&D) activities in the aviation field. The technological advancement and investment in the research sector of eVTOL aircraft are the primary driving factors for the market for eVTOL aircraft in Europe's poor growth. In Germany, the presence of major key players such as Volocopter, GmbH and Lilium has contributed to market growth. Because the region expands aviation services, Asia Pacific is expected to see significant growth in the eVTOL aircraft market. China and Japan are the two largest contributors to the growth of the Asia-Pacific market for eVTOL aircraft.
Key Players
The Key Players in the Global Electric VTOL (eVTOL) Aircraft Market are Airbus SE, Bell Textron, Inc., EHang Holdings Ltd., Elbit Systems Ltd., Embraer SA, Kitty Hawk ,Joby Aviation,  Beta Technologies, Lilium and Urban Aeronautics.
Market Taxonomy
Lift Technology 
• Vectored Thrust
• Multirotor
• Lift plus Cruise
Propulsion Type
• Fully Electric
• Hybrid Electric
• Hydrogen Electric
System
• Batteries & Cells
• Electric Motor/Engine 
• Aerostructures
• Avionics
• Software
• Others
Application Area
• Air Taxis
• Air Shuttles & Air Metro
• Private Transport
• Cargo Transport
• Air Ambulance & Medical Emergency
• Last Mile Delivery
• Inspection & Monitoring
• Surveying & Mapping
• Surveillance
• Special Mission 
• Others 

Mode of Operation
• Autonomous
• Piloted
MTOW
• 100 kg
• 100-1000 kg
• 1,000-2,000 kg 
• >2,000 kg
Range
• <= 200 km
• > 200 km

Regional Outlook 
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and South Africa

Global Electric VTOL (eVTOL) Aircraft Market 
1 Introduction        
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Electric VTOL (eVTOL) Aircraft Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn 
4.2.6 Post covid-19 world Supply& Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Electric VTOL (eVTOL) Aircraft Market, By Lift System
5.1 Y-o-Y Growth Comparison, By Lift System 
5.2 Electric VTOL (eVTOL) Aircraft Market Share Analysis, By Lift System 
5.3 Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Lift System
5.3.1 Vectored Thrust 
5.3.2 Multirotor
5.3.3 Lift plus Cruise
6 Electric VTOL (eVTOL) Aircraft Market, By Propulsion Type 
6.1 Y-o-Y Growth Comparison, By Propulsion Type 
6.2 Electric VTOL (eVTOL) Aircraft Market Share Analysis, By Propulsion Type 
6.3 Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Propulsion Type 
6.3.1 Fully Electric 
6.3.2 Hybrid Electric 
6.3.3 HCV
6.3.4 Hydrogen Electric
7 Electric VTOL (eVTOL) Aircraft Market, By System
7.1 Y-o-Y Growth Comparison, By System
7.2 Electric VTOL (eVTOL) Aircraft Market Share Analysis, By System
7.3 Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By System
7.3.1 Batteries & Cells  
7.3.2 Electric Motor/Engine
7.3.3 Aerostructures
7.3.4 Avionics
7.3.5 Software
7.3.6 Others
8 Electric VTOL (eVTOL) Aircraft Market, By Application
8.1 Y-o-Y Growth Comparison, By Application
8.2 Electric VTOL (eVTOL) Aircraft Market Share Analysis, By Application
8.3 Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Application
8.3.1 Air Taxis Surveillance 
8.3.2 Air Shuttles & Air Metro
8.3.3 Private Transport
8.3.4 Cargo Transport
8.3.5 Air Ambulance & Medical Emergency
8.3.6 Last Mile Delivery
8.3.7 Inspection & Monitoring
8.3.8 Surveying & Mapping
8.3.9 Special Mission
8.3.10 Others
9 Electric VTOL (eVTOL) Aircraft Market, By Mode of Operation 
9.1 Y-o-Y Growth Comparison, By Mode of Operation 
9.2 Electric VTOL (eVTOL) Aircraft Market Share Analysis, By Mode of Operation 
9.3 Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Mode of Operation 
9.3.1 Autonomous 
9.3.2 Piloted 
Market, By MTOW
10.1 Y-o-Y Growth Comparison, By MTOW
10.2 Electric VTOL (eVTOL) Aircraft Market Share Analysis, By MTOW
10.3 Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By MTOW
10.3.1 <100 kg 10.3.2 100-1000 kg
10.3.3 1,000-2,000 kg
10.3.4 >2,000 kg
11 Electric VTOL (eVTOL) Aircraft Market, By Range
11.1 Y-o-Y Growth Comparison, By Range
11.2 Electric VTOL (eVTOL) Aircraft Market Share Analysis, By Range
11.3 Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Range
11.3.1 <= 200 km
11.3.2 > 200 km
12 Electric VTOL (eVTOL) Aircraft Market, By Region
12.1 Electric VTOL (eVTOL) Aircraft Market Share Analysis, By Region
12.2 Electric VTOL (eVTOL) Aircraft Market Share Analysis, By Region
12.3 Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Region
13 North America Electric VTOL (eVTOL) Aircraft Market Analysis and Forecast (2022 – 2027)
Introduction
.2 North America Electric VTOL (eVTOL) Aircraft Market Share Analysis, By Lift System
.3 North America Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Propulsion Type 
.4 North America Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By System
.4 North America Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Application
.5 North America Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Mode of Operation 
.6 North America Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By MTOW
.7 North America Electric VTOL (eVTOL) Aircraft Market Size and Forecast By Range
.8 North America Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Country
.5.1 U.S.
.5.2 Canada
5.3 Mexico
13 Europe Electric VTOL (eVTOL) Aircraft Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Europe Electric VTOL (eVTOL) Aircraft Market Share Analysis, By Lift System
13.3 Europe Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Propulsion Type 
13.4 Europe Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By System
13.4 Europe Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Application
13.5 Europe Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Mode of Operation 
13.6 Europe Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By MTOW
13.7 Europe Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Range
13.8 Europe Electric VTOL (eVTOL) Aircraft Market Size and Forecast By Country

13.5.1 Germany
13.5.2 France
13.5.3 Austria
13.54. Rest of Europe
14 Asia Pacific Electric VTOL (eVTOL) Aircraft Market Analysis and Forecast (2022 – 2027)
14.1 Introduction
14.2 Asia Pacific Electric VTOL (eVTOL) Aircraft Market Share Analysis, By Lift System
14.3 Asia Pacific Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Propulsion Type 
14.4 Asia Pacific Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By System
14.4 Asia Pacific Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Application
14.5 Asia Pacific Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Mode of Operation 
14.6 Asia Pacific Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By MTOW
14.7 Asia Pacific Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Range
14.8 Asia Pacific Electric VTOL (eVTOL) Aircraft Market Size and Forecast By Country
14.5.1 China        
14.5.2 Japan
14.5.3 India
14.5.4. Rest of Asia Pacific
15 Latin America Electric VTOL (eVTOL) Aircraft Market Analysis and Forecast (2022 – 2027)
15.1 Introduction
15.2 Latin America Electric VTOL (eVTOL) Aircraft Market Share Analysis, By Lift System
15.3 Latin America Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Propulsion Type 
15.4 Latin America Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By System
15.4 Latin America Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Application
15.5 Latin America Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Mode of Operation 
15.6 Latin America Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By MTOW
15.7 Latin America Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Range
15.8 Latin America Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Country
15.5.1. Brazil
15.5.2. Rest of Latin America
16 Middle East Electric VTOL (eVTOL) Aircraft Market Analysis and Forecast (2022 – 2027)
16.1 Introduction
16.2 Middle East Electric VTOL (eVTOL) Aircraft Market Share Analysis, By Lift System
16.3 Middle East Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Propulsion Type 
16.4 Middle East Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By System
16.4 Middle East Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Application
16.5 Middle East Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Mode of Operation 
16.6 Middle East Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By MTOW
16.7 Middle East Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Range
16.8 Middle East Electric VTOL (eVTOL) Aircraft Market Size and Forecast, By Country
16.5.1. Saudi Arabia
16.5.2. UAE
16.5.3. Egypt
16.5.4. Kuwait
16.5.5. South Africa
17 Competitive Analysis
17.1 Competition Dashboard
17.2 Market share Analysis of Top Vendors
17.3 Key Development Strategies
18 Company Profiles
18.1 Airbus SE
18.1.1 Overview
18.1.2 Offerings
18.1.3 Key Financials
18.1.4 Business Segment & Geographic Overview
18.1.5 Key Market Developments
18.1.6 Key Strategies
18.2 Bell Textron, Inc.
18.2.1 Overview
18.2.2 Offerings
18.2.3 Key Financials
18.2.4 Business Segment & Geographic Overview
18.2.5 Key Market Developments
18.2.6 Key Strategies
18.3 Ehang Holdings Ltd.
18.3.1 Overview
18.3.2 Offerings
18.3.3 Key Financials
18.3.4 Business Segment & Geographic Overview
18.3.5 Key Market Developments
18.3.6 Key Strategies
18.4 Elbit Systems Ltd.
18.4.1 Overview
18.4.2 Offerings
18.4.3 Key Financials
18.4.4 Business Segment & Geographic Overview
18.4.5 Key Market Developments
18.4.6 Key Strategies
18.5 Embraer SA
18.5.1 Overview
18.5.2 Offerings
18.5.3 Key Financials
18.5.4 Business Segment & Geographic Overview
18.5.5 Key Market Developments
18.5.6 Key Strategies
18.6 Kitty Hawk
18.6.1 Overview
18.6.2 Offerings
18.6.3 Key Financials
18.6.4 Business Segment & Geographic Overview
18.6.5 Key Market Developments
18.6.6 Key Strategies
18.7 Joby Aviation
18.7.1 Overview
18.7.2 Offerings
18.7.3 Key Financials
18.7.4 Business Segment & Geographic Overview
18.7.5 Key Market Developments
18.7.6 Key Strategies        
18.8 Beta Technologies
18.8.1 Overview
18.8.2 Offerings
18.8.3 Key Financials
18.8.4 Business Segment & Geographic Overview
18.8.5 Key Market Developments
18.8.6 Key Strategies
18.9 Lilium
18.9.1 Overview
18.9.2 Offerings
18.9.3 Key Financials
18.9.4 Business Segment & Geographic Overview
18.9.5 Key Market Developments
18.9.6 Key Strategies
18.10 Urban Aeronautics.
18.10.1 Overview
18.10.2 Offerings
18.10.3 Key Financials
18.10.4 Business Segment & Geographic Overview
18.10.5 Key Market Developments
18.10.6 Key Strategies