United States eVTOL Aircraft Market 2025 | Growth Drivers, Key Players & Investment Opportunities

Market Size and Growth

Global eVTOL Aircraft Market reached US$ 596.25 million in 2024 and is expected to reach US$ 5,664.42 billion by 2032, growing with a CAGR of 32.50% during the forecast period 2025-2032.

Key Development & Recent Mergers and acquisitions:

United States: Recent Industry Developments

✅ In October 2025, Archer Aviation announced a partnership with Korean Air to commercialize its Midnight eVTOL aircraft in South Korea, with a potential order of up to 100 units. This collaboration marks a significant step in Archer's international expansion efforts.

✅ In October 2025, Archer Aviation secured Lilium GmbH's advanced air mobility patent portfolio for €18 million. This acquisition adds approximately 300 patents to Archer's portfolio, enhancing its technological capabilities in high-voltage systems, battery management, aircraft design, flight control, electric propulsion, and ducted fan technology.

✅ In September 2025, the U.S. Federal Aviation Administration (FAA) launched a pilot program to accelerate electric air taxi (eVTOL) deployment. The initiative includes public-private partnerships to support safe and scalable eVTOL operations.

✅ In August 2025, Joby Aviation successfully completed its first electric air taxi test flight between two public airports in California, covering 11.5 miles in 12 minutes. This milestone demonstrates the feasibility of eVTOL operations in urban environments.

Japan: Recent Industry Developments

✅ In October 2025, SkyDrive Inc. announced its participation in the "Tokyo Future Tour 2035" exhibition at the Japan Mobility Show 2025. The event will showcase SkyDrive's vision for integrated mobility solutions, including eVTOL aircraft.

✅ In August 2025, Joby Aviation and ANA Holdings expanded their partnership to accelerate air taxi operations in Japan. The collaboration includes public demonstration flights and operations at EXPO 2025 Osaka, Kansai, showcasing Joby's eVTOL aircraft.

✅ In July 2025, SkyDrive secured ¥8.3 billion in Pre-Series D funding, led by MUFG Bank with investments from Suzuki Motor Corporation and East Japan Railway Company. This funding will support the development and commercialization of SkyDrive's eVTOL aircraft.

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eVTOL (electric Vertical Take-Off and Landing) aircraft are electric-powered vehicles capable of vertical takeoff, hovering, and landing. They are designed for urban air mobility, offering fast, sustainable, and efficient transportation in congested city environments.

Key Players:

=> Archer Aviation Inc., Vertical Aerospace, Eve Holdings, Inc., EHang, Joby Aviation, Airbus, Textron Inc., Wisk Aero LLC, Jaunt Air Mobility LLC and Beta Technologies.

Growth Forecast Projected:

The Global eVTOL Aircraft Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global eVTOL Aircraft Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

➥ By Technology: Vectored Thrust, Multirotor, Lift Plus Cruise

➥ By Maximum Take-Off Weight (MTOW): 1000 Kg

➥ By Propulsion Type: Fully Electric, Hybrid-Electric

➥ By Mode of Operation: Piloted, Autonomous, Semi-Autonomous

➥ By Application: Air Taxis, Delivery Drones, Private Transport, Cargo Transport, Air Ambulance, Others

Regional Analysis for eVTOL Aircraft Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among eVTOL Aircraft producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze eVTOL Aircraft revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ

What is the current size of the eVTOL Aircraft Market?

A: In 2024, the eVTOL Aircraft Market was valued at US$ 596.25 million, reflecting its strong industry presence.

Q2: How large is the eVTOL Aircraft Market expected to be by 2032?

A: By 2032, industry forecasts suggest the eVTOL Aircraft Market will grow to around US$ 5,664.42 billion, demonstrating significant expansion.

Q3: What is the growth rate of the eVTOL Aircraft Market?

A: The market is projected to expand at a compound annual growth rate (CAGR) of 32.50% during the forecast period from 2025 to 2032.

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