eVTOL Aircraft Market Size, Share Analysis, Growth Insights and Forecast 2025-2032

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.

The global electric vertical takeoff and landing (eVTOL) aircraft market is expanding rapidly due to advancements in battery technology, increasing urban air mobility (UAM) initiatives and growing investment in sustainable aviation solutions. eVTOL aircraft are designed for applications such as air taxis, cargo transportation and emergency medical services, offering an efficient and environmentally friendly alternative to conventional transportation.