eVTOL (Electric Vertical Takeoff and Landing) Airplane Market Share to Expand Rapidly with Advancements in Urban Air Mobility and Green Aviation | Valuates Reports

eVTOL (Electric Vertical Takeoff and Landing) Airplane - Market Size
Airplane was estimated to be worth US$ 12 million in 2023 and is forecast to a readjusted size of US$ 101.9 million by 2030 with a CAGR of 35.0% during the forecast period 2024-2030

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Market Trends for eVTOL (Electric Vertical Takeoff and Landing) Airplane Market:

The global eVTOL Airplane Market is gaining strong momentum as the demand for sustainable, on-demand air transportation solutions continues to rise. With increasing urban congestion, the push for zero-emission mobility, and rapid advancements in aerospace engineering, electric vertical takeoff and landing (eVTOL) aircraft are emerging as a key innovation in future urban mobility systems.

Market Size and Revenue

The market size for eVTOL airplanes is expected to grow significantly over the forecast period, driven by increasing investments in electric aviation and supportive government policies promoting sustainable transport. The market's revenue potential is being boosted by growing interest from aviation startups, aerospace giants, and mobility service providers seeking to capitalize on the commercial air taxi and cargo delivery segments.

Market Share

North America currently holds a leading market share due to a strong presence of eVTOL developers, robust regulatory frameworks, and high investment flows into urban air mobility infrastructure. However, the Asia-Pacific region is expected to witness the fastest growth, driven by large-scale smart city projects and initiatives to reduce carbon emissions in urban transportation.

Market Growth

The market growth is being propelled by breakthroughs in battery technology, lightweight materials, autonomous flight systems, and noise reduction techniques. eVTOL aircraft offer quick, efficient, and low-noise transportation, making them ideal for densely populated urban areas. The growing need for time-efficient commutes, especially in megacities, is accelerating the development and future deployment of these aircraft.

Market Analysis

According to current market analysis, the eVTOL sector is transitioning from prototype development to pre-commercial testing, with several manufacturers achieving key certification milestones. Strategic partnerships between aerospace companies, technology providers, and transportation networks are helping build the ecosystem needed for commercial deployment. Additionally, public and private investments are fostering innovation in propulsion systems, energy storage, and vertiport infrastructure.
In summary, the eVTOL (Electric Vertical Takeoff and Landing) Airplane Market is poised for exponential growth, backed by technological innovation and the global push toward clean and smart transportation. As urban air mobility moves closer to reality, eVTOL aircraft will play a central role in reshaping how people and goods move across urban environments.

Segment by Type:

• Electric
• Hydrogen Fuel Cell
• Hybrid

Segment by Application

• Civil Aircraft
• Military Aircraft

By Company

Boeing, Airbus, NASA, EHang, Airspace Experience Technologies, Aurora Flight Sciences, Bell Aircraft Corporation, Embraer, Overair, Lilium, Neva Aerospace, Opener, Pipistrel, Volocopter, Moog, Porsche, Autonomous Flight, Alaka'i Technologies, Cartivator SkyDrive, Joby Aviation, Kitty Hawk, Sabrewing

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This release was published on openPR.