eVTOL Aircraft Market by Product Type, Distribution Channel, End User 2024-2032
                     Global eVTOL Aircraft 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
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achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
Acco r d ing  t o  t he  l a t es t  r e po r t  by  I M ARC  G r ou p ,  t i t l e d  " eVTO L A i r c ra f t  M arke t :  
G l o ba l  I ndu st ry  T re nds ,  Sh are ,  S i ze ,  G row t h ,  O pp or t u n i t y  an d  Fo recas t  20 24 -
2032 , "  t he  g loba l  eVT O L a i r c r a f t  m ar ke t  s i z e  r ea ched  US$  12 . 4  B i l l i on  i n  20 23 .
An  e VTO L,  o r  e le c t r i c  v e r t i c a l  t ak eo f f  and  l and in g  a i r c r a f t ,  i s  an  a i r c r a f t  t ha t  u ses  
Report e lec t r i c  p r opu l s ion  a nd  adv anced  t ec hno log ies  t o  t ake  o f f  and  l and  ve r t i ca l l y .  I t  con s i s t s  o f  m u l t i - r o t o r s ,  f i xe d - w in g ,  and  t i l t - w ing  a i r c r a f t  ha v ing  sen so r s ,  ca m er a s ,  
and  r a da r .  So m e eVTO L a i r c r a f t  a r e  de s igned  t o  be  f u l l y  au t on om ou s ,  wh i l e  o t he r s  
Highlight and r equ i r e  a  p i l o t .  
I t  o f f e r s  se ve r a l  adv an t a ges  o ve r  conve n t i o na l  a i r c r a f t ,  s uch  as  r e duc ed  n o i se  
po l l u t i on ,  l owe r  e m iss ions ,  and  t he  ab i l i t y  t o  ope r a t e  i n  co n f i ned  sp aces .  eVTO L 
Description a i r c r a f t  i s  s a f e ,  e f f ec t i v e ,  e nv i r onm en t a l l y  f r ie nd l y ,  l es s  e xpens iv e  t han  he l i c op t e r s ,  
and  c an  t r a nspo r t  pas senge r s  an d  ca r g o  m o r e  qu i c k l y  and  e f f i c i e n t l y .  As  a  r esu l t ,  
t hey  f i nd  v a r i o us  app l i ca t i o ns  i n  t r ansp o r t a t i on ,  ag r i cu l t u r e ,  h ea l t h ca r e ,  de f en se ,  
and  l og i s t i c s  i nd us t r i es  a c r oss  t he  g lobe .
Reque st  f o r  a  P DF  s ampl e  o f  t h i s  repor t :  
h t t p s : / / www. im ar c g r ou p . com / ev t o l - a i r c r a f t - m a r ke t / r equ es t sa m p le
Report Description
G lo b a l  e V T O L  A i r c r a f t  M a r k e t  T r e n d s :
T h e  e x p a n d i n g  a d o p t i o n  o f  e V T O L  a i r c r a f t  a s  a m b u l a n c e s  i n  t h e  h e a l t h c a r e  i n d u s t r y  t o  p r o v i d e  m e d i c a l  s u p p o r t  a n d  r e d u c e  
e m e r g e n c y  r e s p o n s e  t i m e  i s  o n e  o f  t h e  k e y  f a c t o r s  d r i v i n g  t h e  m a r k e t  g r o w th .  B e s i d e s  t h i s ,  i n c r e a s i n g  t r a f f i c  c o n g e s t i o n  c a u s e d  
b y  t h e  r i s i n g  p o p u l a t i o n  a n d  r a p i d  u r b a n i z a t i o n  i s  p r o p e l l i n g  t h e  d e m a n d  f o r  e V T O L  a i r c r a f t ,  t h u s  f a v o r i n g  t h e  m a r k e t  g r o w t h .  
M o r e o v e r ,  t h e  i n c r e a s i n g  p r o d u c t  u t i l i z a t i o n  t o  i m p r o v e  s e a r c h  a n d  r e s c u e  o p e r a t i o n s  p o s t  n a t u r a l  c a l a m i t i e s  o r  a c c i d e n t s ,  s u c h  
a s  l a n d s l i d e s ,  f i r e s ,  f l o o d s ,  a n d  e a r t h q u a k e s ,  i s  p r e s e n t i n g  r e m u n e r a t i v e  g r o w t h  o p p o r t u n i t i e s  f o r  t h e  m a r k e t .  
C o n c u r r e n t  w i t h  t h i s ,  t h e  w i d e s p r e a d  p r o d u c t  a d o p t i o n  i n  t h e  c o n s t r u c t i o n  i n d u s t r y  f o r  s u r v e y i n g  l a n d s ,  p r o v i d i n g  c o n t i n u o u s  
p r o j e c t  n o t i f i c a t i o n s ,  i m p r o v i n g  s a f e t y ,  a n d  p r e v e n t i n g  d a n g e r o u s  i n c i d e n t s  o n  s i t e s  a r e  c r e a t i n g  a  p o s i t i v e  o u t l o o k  f o r  t h e  m a r k e t .  
I n  a d d i t i o n  t o  t h i s ,  t h e  e s c a l a t i n g  p r o d u c t  a d o p t i o n  d u e  t o  i t s  s e v e r a l  b e n e f i t s  o v e r  c o n v e n t i o n a l  a i r c r a f t ,  s u c h  a s  a  l e s s e r  
e n v i r o n m e n t a l  i m p a c t ,  r e d u c e d  n o i s e  p o l l u t i o n ,  a n d  f l y i n g  a t  l o w e r  a l t i t u d e s ,  i s  a i d i n g  i n  m a r k e t  e x p a n s i o n .  F u r t h e r m o r e ,  
i n n o v a t i v e  t e c h n o l o g i c a l  a d v a n c e m e n t s  a n d  e x t e n s i v e  i n v e s t m e n ts  i n  r e s e a r c h  a n d  d e v e l o p m e n t  ( R & D )  a c t i v i t i e s  t o  i m p r o v e  
a i r c r a f t  d e s i g n ,  p e r f o r m a n c e ,  a n d  p o w e r  o u tp u t  i s  c o n t r i b u t i n g  t o  t h e  m a r k e t  g r o w t h .
L o o k in g  f o r w a r d ,  t h e  m a r k e t  v a l u e  i s  p r o j e c t e d  t o  r e a c h  U S $  3 5 .1  B i l l i o n  b y  2 0 3 2 ,  e x p a n d i n g  a t  a  C A G R  o f  1 1 . 8 7 %  d u r in g  
2 0 2 4 - 2 0 3 2 .
V ie w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / e v t o l - a i r c r a f t - m a r k e t
Breakup by Lift Technology:
• Vectored Thrust
• Mult i rotor
• Li ft  P lus Cruise
 
Breakup by Mode of Operation:
• Pi loted
Report • Autonomous
• Semi-Autonomous
Segmentation
Breakup by Maximum Take-off  Weight 
(MTOW):
• 1500 Kg
Breakup by Range:
• 0-200 Km
• 200-500 Km
Breakup by Propulsion Type:
• Battery-Electr ic
Report • Hybrid-Electr ic
• Hydrogen-Electr ic
Segmentation
Breakup by Application:
• Commercial
o Air Taxi
o Delivery Drones
• Mil i tary
o Cargo Transport
o Combat Mission
• Emergency Medical  Service
o Air Ambulance
o Medical  Cargo Transport
Breakup by Region:
Report • North America
• Asia-Pacifi c
Segmentation
• Europe
• Latin America
• Middle East and Afr ica
• Airbus SE
• Archer Aviat ion Inc.
• Beta Technologies
• Guangzhou EHang Intel l igent Technology Co.  
Competitive Ltd
• Li ft  Aircraft  Inc.
Landscape 
• Li l ium GmbH
with Key • Moog Inc.
• Piasecki  Aircraft  Corporation
Players
• Pipistre l  d.o.o Ajdovšcina
• Vert ical  Aerospace Group Ltd.
• Volocopter GmbH
• Wisk Aero LLC
• Xti  Aircraft  Company
How big is the global eVTOL aircraft market?
What is the expected growth rate of the global 
eVTOL aircraft market during 2024-2032?
Key What are the key factors driving the global eVTOL 
aircraft market?
Questions 
Answered in What has been the impact of COVID-19 on the global eVTOL aircraft market?
the Report
What is the breakup of the global eVTOL aircraft 
market based on the lift technology?
What is the breakup of the global eVTOL aircraft 
market based on the mode of operation?
What is the breakup of the global eVTOL aircraft 
market based on the Maximum Take-off Weight 
(MTOW)?
What is the breakup of the global eVTOL aircraft 
market based on the range?
What is the breakup of the global eVTOL aircraft 
market based on the propulsion type?
Key What is the breakup of the global eVTOL aircraft market based on the application?
Questions 
What are the key regions in the global eVTOL 
aircraft market?
Answered in 
the Report Who are the key players/companies in the global eVTOL aircraft market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
        2 . 4 . 1     B o t t o m - U p  A p p r o a c h
Table of         2 . 4 . 2     T o p - D o w n  A p p r o a c h    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
    4 . 1     O v e r v i e w
Contents     4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  e V T O L  A i r c r a f t  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  F o r e c a s t
6      M a r k e t  B r e a k u p  b y  L i f t  T e c h n o l o g y
    6 . 1     V e c t o r e d  T h r u s t
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     M u l t i r o t o r
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     L i f t  P l u s  C r u i s e
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
7    M a r k e t  B r e a k u p  b y  M o d e  o f  O p e r a t i o n
       
    7 . 1     P i l o t e d
        7 . 1 . 1  M a r k e t  T r e n d s
        7 . 1 . 2  M a r k e t  F o r e c a s t
    7 . 2     A u t o n o m o u s
        7 . 2 . 1  M a r k e t  T r e n d s
        7 . 2 . 2  M a r k e t  F o r e c a s t
    7 . 3     S e m i - A u t o n o m o u s
        7 . 3 . 1  M a r k e t  T r e n d s
        7 . 3 . 2  M a r k e t  F o r e c a s t
8    M a r k e t  B r e a k u p  b y  M a x i m u m  T a k e - o f f  W e i g h t  ( M T O W )
Table of     8 . 1     < 2 5 0  K g        8 . 1 . 1  M a r k e t  T r e n d s
        8 . 1 . 2  M a r k e t  F o r e c a s t
    8 . 2     2 5 0 - 5 0 0  K g
Contents         8 . 2 . 1  M a r k e t  T r e n d s        8 . 2 . 2  M a r k e t  F o r e c a s t
    8 . 3     5 0 0 - 1 5 0 0  K g
        8 . 3 . 1  M a r k e t  T r e n d s
        8 . 3 . 2  M a r k e t  F o r e c a s t
    8 . 4     > 1 5 0 0  K g
        8 . 4 . 1  M a r k e t  T r e n d s
        8 . 4 . 2  M a r k e t  F o r e c a s t
9    M a r k e t  B r e a k u p  b y  R a n g e
    9 . 1     0 - 2 0 0  K m
        9 . 1 . 1  M a r k e t  T r e n d s
        9 . 1 . 2  M a r k e t  F o r e c a s t
    9 . 2     2 0 0 - 5 0 0  K m
        9 . 2 . 1  M a r k e t  T r e n d s
        9 . 2 . 2  M a r k e t  F o r e c a s t     
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / e v t o l - a i rc r a f t - m a r ke t / t o c
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