eVTOL Aircraft Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Jan 2022
  • Pages: 120
  • SKU: IRTNTR71942

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The eVTOL aircraft market share is expected to increase by USD 3.66 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 35.74%.

This eVTOL aircraft market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers eVTOL aircraft market segmentation by application (cargo and passengers) and geography (Europe, North America, APAC, and ROW). The eVTOL aircraft market report also offers information on several market vendors, including Airbus SE, EHang Holdings Ltd., Elbit Systems Ltd., Embraer SA, Lilium N.V, Moog Inc., Textron Inc., The Boeing Co., Urban Aeronautics, and Volocopter GmbH among others.

What will the eVTOL Aircraft Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the eVTOL Aircraft Market Size for the Forecast Period and Other Important Statistics


eVTOL Aircraft Market: Key Drivers and Challenges

The increasing road traffic congestion in urban areas is notably driving the eVTOL aircraft market growth, although factors such as the high cost of eVTOL aircraft may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the eVTOL aircraft industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key eVTOL Aircraft Market Driver

The eVTOL aircraft market is exercising a positive growth mainly because of the increase in the global urban population followed by traffic congestion. The demand for efficient and effective mobility in urban areas is a crucial challenge. There are many companies and municipal corporations currently working on eVTOL aircraft manufacturing for air mobility solutions. For instance, Japan's SkyDrive and Volocopter plans to commercialize eVTOL in Japan by 2023. Also, the companies such as Bell Textron, in February 2020 announced that they are partnering with Japan Airlines and Sumitomo Corporation to explore the development of an on-demand air mobility ecosystem in Japan using Bell's Nexus 4EX eVTOL air taxi. These advancements may lead to an increase in the demand for eVTOL aircraft services in the global market. 

Key eVTOL Aircraft Market Challenge

The key factor that can restrain the market of eVTOL aircraft globally is the high investments in infrastructure and research and development and lack of 5G infrastructure across the globe. These have the potential to revolutionize urban and regional transport through reduced travel times and improved mobility options. However, as the size of the aircraft increases, the cost increases. Commercialization efforts are backed by material investments in the industry. Earlier in January 2021, Toyota led a $394 million investment in Joby; Volocopter attracted a $113 million investment, and China-based EHang’s IPO valuation was $650 million. The first commercial passenger flight is likely to launch within the next three to five years with piloted aircraft before transitioning to remotely piloted operations. 

This eVTOL aircraft market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major eVTOL Aircraft Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:


  • Airbus SE
  • EHang Holdings Ltd.
  • Elbit Systems Ltd.
  • Embraer SA
  • Lilium N.V
  • Moog Inc.
  • Textron Inc.
  • The Boeing Co.
  • Urban Aeronautics
  • Volocopter GmbH


This statistical study of the eVTOL aircraft market encompasses successful business strategies deployed by the key vendors. The eVTOL aircraft market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The eVTOL aircraft market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for eVTOL Aircraft Market?

For more insights on the market share of various regions Request for a FREE sample now!

45% of the market’s growth will originate from Europe during the forecast period. Germany, France, and the UK are the key markets for eVTOL aircraft in Europe. However, the market growth rate in this region will be slower than the growth of the market in APAC.

The increased investment in commercial drones and eVTOL aircraft by Western European countries such as the UK, Germany, France, Spain, and Italy will facilitate the eVTOL aircraft market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the eVTOL Aircraft Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The eVTOL aircraft market share growth by the cargo segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the eVTOL aircraft market size and actionable market insights on post COVID-19 impact on each segment.


eVTOL Aircraft Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 35.74%

Market growth 2022-2026

$ 3.66 billion

Market structure


YoY growth (%)


Regional analysis

Europe, North America, APAC, and ROW

Performing market contribution

Europe at 45%

Key consumer countries

US, Germany, France, UK, and China

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Airbus SE, EHang Holdings Ltd., Elbit Systems Ltd., Embraer SA, Lilium N.V, Moog Inc., Textron Inc., The Boeing Co., Urban Aeronautics, and Volocopter GmbH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Data Covered in this eVTOL Aircraft Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive eVTOL aircraft market growth during the next five years
  • Precise estimation of the eVTOL aircraft market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the eVTOL aircraft industry across Europe, North America, APAC, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of eVTOL aircraft market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Cargo - Market size and forecast 2021-2026
    • Passengers - Market size and forecast 2021-2026
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • Europe - Market size and forecast 2021-2026
      • North America - Market size and forecast 2021-2026
      • APAC - Market size and forecast 2021-2026
      • ROW - Market size and forecast 2021-2026
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Airbus SE
      • EHang Holdings Ltd.
      • Elbit Systems Ltd.
      • Embraer SA
      • Lilium N.V
      • Moog Inc.
      • Textron Inc.
      • The Boeing Co.
      • Urban Aeronautics
      • Volocopter GmbH


      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts

      TechnavioREPORT WRITING


      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis


      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The evtol aircraft market growth will increase by $3659.45 million during 2021-2026.
      The evtol aircraft market is expected to grow at a CAGR of 35.74% during 2021-2026.
      Technavio has segmented the evtol aircraft market by application (Cargo and Passengers) and geographic (Europe, North America, APAC, and ROW).
      Airbus SE, EHang Holdings Ltd., Elbit Systems Ltd., Embraer SA, Lilium N.V, Moog Inc., Textron Inc., The Boeing Co., Urban Aeronautics, Volocopter GmbH are a few of the key vendors in the evtol aircraft market.
      Europe will register the highest growth rate of 44.57% among the other regions. Therefore, the evtol aircraft market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the evtol aircraft market growth are:
      • Increasing road traffic congestion in urban areas
      The evtol aircraft market vendors should focus on grabbing business opportunities from the cargo segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Enquire Before Buying
      1. Home
      2. Industrials
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>