Global eVTOL Aircraft Market CAGR 23.3% by 2032 | Shift toward Sustainable Aviation and Supportive Aviation Policies to Fuel Market Growth

The global eVTOL aircraft market size is likely to be valued at US$ 676.5 million in 2025, reaching US$ 2,931.0 million by 2032 and exhibiting a CAGR of 23.3% during the forecast period 2025-2032. Surging investments from both public and private sectors targeting urban air mobility (UAM) infrastructure, including vertiports and air traffic management systems, are proving highly beneficial for the market.

Recent Market Trends

• Technological breakthroughs in lithium-ion batteries are enabling longer flight times and faster charging cycles, while hydrogen fuel cells are emerging as a potential game-changer in the aviation industry.
• Autonomous and semi-autonomous eVTOL operations are advancing at a notable pace, with semi-autonomous models offering a pragmatic blend of safety, efficiency, and regulatory compliance.
• Governmental support, urban congestion alleviation needs, and environmental sustainability agendas are synergistically propelling the eVTOL aircraft market growth.
• A notable industry development occurred in August 2025 when Archer Aviation’s eVTOL aircraft achieved its longest test flight to date, completing 55 miles in 31 minutes, marking an important milestone as the U.S. air-taxi industry advances toward FAA certification and commercial operations.

eVTOL Aircraft Market in the News

• August 2025: Joby Aviation completed the first-ever piloted eVTOL air taxi flight between two U.S. public airports, Marina (OAR) and Monterey (MRY), California. The flight demonstrated vertical takeoff, transition to wingborne flight, integration in FAA-controlled airspace, and vertical landing during the roughly 12-minute, 10-nautical-mile journey, which included a 5-minute holding pattern for traffic sequencing. This milestone validates Joby’s operational readiness, supports its ongoing FAA certification progress, and underscores its capability to provide real-world eVTOL service as it moves toward commercial launch.
• August 2025: Wisk Aero and Signature Aviation signed a Memorandum of Understanding to co-develop infrastructure and operational planning for autonomous Advanced Air Mobility (AAM) across Signature’s global private aviation terminal network, including key U.S. launch markets such as Houston, Los Angeles, and Miami. A pilot project is also underway at Ellington Airport in Houston to design vertiport layouts, passenger workflows, and infrastructure tailored to Wisk’s Gen 6 eVTOL aircraft, laying the groundwork for future commercial agreements.
• June 2025: Eve Air Mobility, the eVTOL unit of Embraer, signed a Letter of Intent with Future Flight Global for 54 electric vertical take-off and landing aircraft, to be deployed in the U.S. and Brazil. This deal is part of a broader push by the company to advance urban air mobility across the Americas. The deal also reflects Eve’s growing market traction as they leverage proven eVTOL technology and certification pathways to establish a foothold in high-demand regions.

Segment Analysis

The multirotor and rotorcraft segment is projected to expand at a CAGR of 37.8% from 2025-2032. The prolific growth of this segment is attributable to the rising adoption of distributed electric propulsion systems ideal for short-haul and inter-city travel. The increasing demand for electric aircraft is fueled by global electrification trends, with fully electric eVTOLs expected to reach a market valuation of over US$ 1 billion by 2032. Civil and commercial applications are expected to dominate the eVTOL aircraft market share, accounting for over 80% of total usage. Urban air mobility is a prominent driver, with eVTOLs being deployed for aerial tourism, air taxi services, cargo transport, emergency medical services, border surveillance, and inspection operations. The leading position of this segment reflects a growing interest in sustainable aviation, next-gen air transport, and autonomous flight systems.

Regional Analysis

North America is anticipated to lead the eVTOL aircraft market, capturing more than 37% of the market share on account of the implementation of UAM initiatives, strong investments in research and development for sustainable aviation, and regulatory advancements driven by the FAA. Europe is also a key regional market bolstered by the widespread presence of aerospace innovators such as Volocopter GmbH and Lilium, along with the favorable aviation policies of the European Union (EU) fostering sustainable urban air transport solutions. In Asia Pacific, the market is spearheaded by China and Japan, as improving aviation services and heavy investments in infrastructure development accelerate the uptake of eVTOL aircraft.

Industry Players

The global eVTOL aircraft market landscape is populated by pioneering industry players who are stamping their authority through innovation and commercialization. Leading corporations such as Joby Aviation, Archer Aviation, Lilium, Airbus, EHang, and Volocopter have secured substantial funding and reached significant milestones including type certifications and initial commercial aircraft deliveries. These companies are innovating in electric propulsion, autonomous flight technologies, and sustainable design to address both urban congestion and environmental challenges. Alongside established aerospace giants, over 500 eVTOL companies worldwide contribute to a highly competitive and rapidly evolving market ecosystem. Strategic partnerships, advancing regulatory frameworks, and investments in vertiport infrastructure are collectively transforming industry landscape, which is poised for exponential growth and broad market penetration.