Key Market Segments for the Global Electric Vertical Take-Off and Landing (eVTOL) Aircraft Market

The technological advancements in terms of operating range, components, aircraft type, capabilities, and size, are paving the pathway for a variety of growth opportunities for the defense and commercial sectors. Electric VTOL (eVTOL) aircraft are undergoing several technological changes that result in reduction of weight, size, and cost, and an enhanced battery life.

The key drivers that are expected to create demand for the eVTOL aircraft market include the growing demand for eVTOL aircraft for commercial applications, increasing need for efficient transportation and logistics, smart city initiatives, runway-less platforms, increasing environmental concerns and energy impacts.

The report by BIS Research, titled “Global Electric VTOL (eVTOL) Aircraft Market-Analysis and Forecast, 2025–2035”, tracks the particular market and is compiled in a bunch of 195 pages, including insightful figures and market tables. According to the study, the market (by value) is estimated to cross $1,899.7 million by 2035 and grow at a CAGR of 15.05% (by volume), during the forecast period 2025–2035.

Rotorcraft Technology: The Most Widely Used Technology in the Global eVTOL Aircraft Market

Rotorcraft segment is expected to dominate the global eVTOL aircraft market with a market share of approximately 37.76% in 2025 and is projected to reach a market size of $703.7 million by 2035. The increased revenue generated by the rotorcraft segment in the eVTOL aircraft market is expected to be a result of large-scale investments by the companies to develop rotorcraft. The rotorcraft segment is followed by the vectored thrust, lift+cruise, and hoverbikes.

Airframes: The Component With the Highest Demand in the Global eVTOL Aircraft Market

The airframes segment is expected to hold the largest value in the global eVTOL aircraft market, as airframes used to construct the outer body of the aircraft. All the aircraft manufacturers use reliable and robust material for airframe, which is light in weight, and can be substantial to be used.

However, the sensors segment is estimated to witness the highest growth rate of 14.03% in the forecast period 2025–2035. The data provided by the sensors is crucial as it helps in controlling and navigating the aircraft autonomously.

Battery: Leading Energy Source for the Global eVTOL Aircraft Market

Battery is expected to dominate the global eVTOL aircraft market with a market share of approximately 68.86% in 2025. The market for electric battery is increasing due to its high demand, and the better capabilities to increase the efficiency of the eVTOL aircraft, unlike the conventional energy source. These aircraft are expected to be commercialized by 2025 further boosting the growth of eVTOL aircraft market.

Piloted Mode of Operation: Most-Preferred Mode of Operation by the Manufacturers in the eVTOL Aircraft Market

The increasing market revenue for piloted aircraft is majorly due to a strong preference of potential customers for piloted operations deploying certified pilots, especially in the initial phase of the market. However, once the market takes off, the demand for optionally piloted aircraft is expected to grow. Optionally piloted segment is expected to register the highest CAGR of 24.29% from the forecast period 2025–2035. The market growth is attributed to the reduction in the cost of journey that the technology will result in. Consequently, the mode of transportation by the optionally piloted aircraft is expected to be affordable for a large section of population.

Air Taxi: Leading Application Sphere in the Global eVTOL Aircraft Market

Major investments in the global eVTOL aircraft market are being done for the manufacturers of eVTOL air taxis, leading to the latter’s growth in the global eVTOL aircraft market. Leading companies are also investing on the development of air taxis. For instance, in February 2019, Bell Helicopter unveiled the eVTOL 5-seat air taxi named Bell Nexus, on a full-scale in a CES show.

North America in the Forefront of the Global eVTOL Aircraft Market

In 2025, North America is expected to register the global market share of 48.68% (in terms of value). Moreover, it is expected to cross the market revenue of $892.5 billion by 2035. North America is estimated to hold the maximum market value, as the majority of eVTOL aircraft manufacturers are based in the U.S., a consequence of high demand for this mode of transportation in the region.

Competitive Landscape

The eVTOL aircraft market has a competitive landscape that includes different strategies undertaken by the manufacturers to gain the market presence. Airbus, Aurora Flight Sciences, Pipistrel, and Embraer are some of the leading companies which have remained in the limelight owing to the variety of strategies incorporated by them, including product launches and partnerships, collaborations, contracts, and agreements.

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