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    Europe eVTOL Aircraft Market

    ID: MRFR/A&D/43105-HCR
    128 Pages
    Sejal Akre
    September 2025

    Europe eVTOL Aircraft Market Research Report: By Type (Air Taxis, Delivery Drones and others), By Battery Type (Lithium-Ion Batteries, Solid-State Batteries and Hydrogen Fuel Cells), By Lift Technology (Multirotor, Vectored Thrust, Lift Plus Cruise and other), By Type of Propulsion (Fully Electric, Hybrid, Electric Hydrogen) and By Mode of Operation (Piloted and Optionally Piloted)- Forecast to 2035

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    Europe eVTOL Aircraft Market Infographic
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    Europe eVTOL Aircraft Market Summary

    The Europe eVTOL Aircraft market is projected to experience substantial growth from 300 USD Million in 2024 to 4187.9 USD Million by 2035.

    Key Market Trends & Highlights

    Europe eVTOL Aircraft Key Trends and Highlights

    • The market is expected to grow at a compound annual growth rate (CAGR) of 27.08% from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach approximately 4187.9 USD Million, indicating robust expansion.
    • In 2024, the market is valued at 300 USD Million, showcasing the initial stages of growth in the eVTOL sector.
    • Growing adoption of electric vertical takeoff and landing technology due to increasing urban air mobility needs is a major market driver.

    Market Size & Forecast

    2024 Market Size 300 (USD Million)
    2035 Market Size 4187.9 (USD Million)
    CAGR (2025-2035) 27.08%

    Major Players

    Heliogen, Thales, Airbus, Joby Aviation, Textron Aviation, Northrop Grumman, Pipistrel, Karem Aircraft, Urban Aeronautics, Volocopter, SkyDrive, Boeing, EHang, Lilium, Vertical Aerospace

    Europe eVTOL Aircraft Market Trends

    Lately, improvements in technology and a rise in the need for urban air mobility have led to the growth of Europe an eVTOL Aircraft Market. Sustainable transportation is one of the most important factors driving the market, and several European nations are adopting electric technologies. Electric air mobility systems have been introduced to reduce carbon emissions during the construction of modern cities due to the EU's high climate goals. Additionally, there is regulatory encouragement in Europe an market with regard to eVTOL aircraft.

    Currently, Europe an Union Aviation Safety Agency (EASA) is establishing standards for the certification and operation of eVTOL aircraft within the existing air traffic control systems.

    This move allows these aircraft to be operated safely while also managing safety and other operational issues. There is also a lot of opportunity to utilize Europe an eVTOL market, especially in the cities with high population growth but lacking transport facilities. Paris and London are working on eVTOL solutions for both passenger transport and logistics, and this opens new opportunities for businesses and service providers. In addition, cooperation between aviation startup companies, established aerospace companies and regional authorities is becoming typical these days in the eVTOL industry.

    Such partnerships help come up with new ideas, conduct research and development work, and conduct financing activities with the objective of making operational prototypes available for use.

    In general, because of its dedication to sustainability, friendly laws and rules, and the growing requirement for modern mobility systems in cities, Europe is still at the front when it comes to the development and adoption of eVTOL aircraft technologies.

    Market Segment Insights

    eVTOL Aircraft Market Type Insights

    The Type segment of Europe eVTOL Aircraft Market demonstrates a dynamic landscape characterized by various applications pivotal for urban air mobility. Dominating this segment are Air Taxis, which are being developed to alleviate congestion in major European cities, enhancing urban transportation efficiency. These aircraft offer the promise of reduced travel times, catering to a tech-savvy consumer base keen on innovative mobility solutions.

    In parallel, Delivery Drones have emerged with significant relevance in the region, driven by the rising trend of e-commerce and demand for rapid logistics solutions.The efficiency and cost-effectiveness of these drones enable last-mile delivery services to operate smoothly, which is critical in densely populated areas. Additionally, other applications within this segment, including cargo transport and emergency services, are seeing growth as regulatory frameworks are gradually accommodating the integration of eVTOLs into existing airspace.

    Europe an Union has been actively collaborating with industry stakeholders to create regulatory frameworks that support the safe deployment of these advanced aerial vehicles.The robust technological advancements, along with government initiatives, underpin the evolving nature of Europe eVTOL Aircraft Market, positioning it favorably for sustained growth. This diverse Type segmentation not only highlights the multifaceted applications of eVTOL technologies in Europe but also reflects the market's potential to address pressing challenges in urban transport, logistics, and emergency response operations, driving its overall evolution in the coming years.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    eVTOL Aircraft Market Battery Type Insights

    The Battery Type segment of Europe eVTOL Aircraft Market plays a crucial role in the overall dynamics of the industry. This segment is primarily divided into three key types: Lithium-Ion Batteries, Solid-State Batteries, and Hydrogen Fuel Cells. Lithium-Ion Batteries have gained substantial traction due to their well-established technology and energy density, making them a popular choice among manufacturers for shorter urban commutes.

    Meanwhile, Solid-State Batteries are emerging as a significant option due to their potential for safer, more efficient energy storage, which aligns with Europe’s stringent safety standards.Hydrogen Fuel Cells, while still developing, present a promising opportunity for longer-range applications, contributing to reduced emissions and supporting sustainability goals within the region. As various governments in Europe emphasize green technology and urban air mobility, the demand for innovative battery solutions is expected to rise. However, challenges such as production costs and technological maturity could impact the growth trajectory of these various battery types.

    The ongoing advancements in battery technology are essential to support the ambitious targets set by Europe for eVTOL aircraft integration into existing transportation frameworks, reflecting the dynamic nature of Europe eVTOL Aircraft Market revenue.

    eVTOL Aircraft Market Lift Technology Insights

    eVTOL Aircraft Market Lift Technology Insights

    The Lift Technology segment within Europe eVTOL Aircraft Market has become a focal point for innovation and development, driven by advancements in aerodynamics and battery technology. This segment includes various configurations such as Multirotor, Vectored Thrust, Lift Plus Cruise, and others, each offering unique advantages that cater to diverse operational needs.

    Multirotor designs are increasingly popular for urban air mobility due to their simplicity and reliability, allowing for vertical takeoff and landing in confined spaces, which are essential features in densely populated European cities.Vectored Thrust technology is significant for its efficiency in horizontal flight, providing potential for longer range and better performance, which is crucial as regulatory frameworks evolve. Lift Plus Cruise configurations combine the best attributes of both multirotor and fixed-wing designs, enabling a versatile approach to eVTOL aircraft that meets a variety of mission profiles.

    Furthermore, this Lift Technology segment is witnessing rapid advancements, positioning it as a major contributor to the overall transformation of urban air transport in Europe as stakeholders continue to explore sustainable solutions for future mobility.With strong government backing and initiatives aimed at reducing municipal congestion, the segment is poised for significant growth and innovation in the years to come.

    eVTOL Aircraft Market Type of Propulsion Insights

    eVTOL Aircraft Market Type of Propulsion Insights

    Europe eVTOL Aircraft Market is showing remarkable potential, driven largely by advancements in various types of propulsion technologies. The Type of Propulsion segment encompasses several categories, including Fully Electric, Hybrid, and Electric Hydrogen systems, each contributing to the market's dynamic landscape. Fully Electric propulsion is particularly significant due to its eco-friendly nature and ability to reduce operational costs, aligning with Europe’s stringent environmental regulations.

    Hybrid systems combine traditional fuels with electric power, offering extended range and flexibility, which is crucial for urban air mobility solutions in densely populated regions.Electric Hydrogen propulsion is an emerging technology that stands to revolutionize the industry with its promise of zero emissions and longer flight times, tapping into Europe's goal of converting to sustainable energy sources. The adoption of these varied propulsion types is shaping Europe eVTOL Aircraft Market segmentation as the emphasis on green technologies and sustainable transport solutions grows.

    The increasing focus on efficiency, regulatory support, and urban infrastructure development also presents opportunities that can further enhance the significance of these propulsion types in reshaping air travel across Europe.As stakeholders continue to innovate and push the boundaries of what is possible, the Type of Propulsion segment will play a pivotal role in the overall growth of the industry.

    eVTOL Aircraft Market Mode of Operation Insights

    eVTOL Aircraft Market Mode of Operation Insights

    The Mode of Operation segment of Europe eVTOL Aircraft Market is crucial in shaping the future of urban air mobility. This segment is primarily divided into Piloted and Optionally Piloted categories, both offering unique advantages that cater to varying customer needs. Piloted eVTOL aircraft align with traditional aviation protocols, ensuring safety and reliability, which makes them appeal for commercial operations and regulatory acceptance.

    Optionally, Piloted vehicles present a significant opportunity for flexibility, allowing operators to either have a pilot onboard or rely on automated controls, thereby reducing operational costs and enhancing efficiency.With the rapid urbanization and increasing congestion in European cities, the adoption of eVTOL aircraft is gaining momentum, supported by government initiatives aimed at reducing urban traffic and improving air service accessibility. As the demand for innovative transportation solutions continues to expand, both modes of operation will play pivotal roles in driving the growth and integration of eVTOLs into existing air transportation frameworks, highlighting their importance in Europe eVTOL Aircraft Market segmentation.

    Get more detailed insights about Europe eVTOL Aircraft Market Research Report - Forecast Till 2035

    Key Players and Competitive Insights

    Europe eVTOL Aircraft Market has witnessed rapid evolution, driven by technological advancements, regulatory support, and rising urban air mobility demands. The competitive landscape features a diverse range of players, including established aerospace companies and emerging startups, each contributing unique capabilities and innovations. As the market expands, competition is characterized by strategic partnerships, investments in research and development, and efforts to address regulatory challenges. Key players in the market are focused on developing operational prototypes, optimizing supply chains, and enhancing the efficiency of eVTOL solutions to establish and reinforce their market presence in a sector poised for significant growth.

    As the region continues to lay the groundwork for eVTOL operations, the interplay of these competitive dynamics will determine the leaders in this nascent industry.Heliogen has carved a niche within Europe eVTOL Aircraft Market through its forward-thinking approach to sustainable aviation solutions. The company aims to harness innovative technologies that align with green energy initiatives across Europe, thus positioning itself as a leader in environmentally friendly transportation. Heliogen's strengths lie in its ability to integrate advanced energy systems that leverage solar power, enhancing operational efficiencies while minimizing carbon emissions.

    Its focus on developing lightweight structures and robust propulsion systems allows Heliogen to compete effectively despite the crowded marketplace. By fostering collaborations with local authorities and industry partners, the company is enhancing its market presence and ensuring compliance with evolving regulatory frameworks in the region.Thales has established a robust foothold in Europe eVTOL Aircraft Market through its extensive expertise in avionics, software solutions, and integrated systems for aerospace applications. The company offers a range of key products and services, including flight control systems, navigation solutions, and cybersecurity measures tailored for eVTOL operations.

    Thales's strengths lie in its advanced technology offerings and its commitment to safety and reliability, positioning it as a trusted partner for manufacturers and operators alike. With ongoing investments in research and development, Thales is not only enhancing its existing product lines but also engaging in strategic alliances and potential mergers and acquisitions to expand its capabilities in the eVTOL space. The company's strong presence across various European markets allows it to leverage local insights and address specific regulatory challenges, further solidifying its competitive edge in the evolving landscape of urban air mobility.

    Key Companies in the Europe eVTOL Aircraft Market market include

    Industry Developments

    Europe eVTOL Aircraft Market has seen significant activity recently, with several key developments. A notable focus has been on the collaboration between major players such as Airbus and eVTOL manufacturers to advance urban air mobility. In June 2023, Volocopter announced its successful test flights for the VoloCity aircraft in urban environments, demonstrating the potential for commercial operations soon. Joby Aviation is also expanding its European presence and preparing to initiate strategic partnerships to augment infrastructure support for air taxis. Merger and acquisition activity includes Lilium, which, in September 2023, acquired a component technology company to enhance its aircraft’s capabilities.

    Growth in Europe an eVTOL sector is reflected in increased investments from private equity, bolstered by government backing, to develop vertiports and regulatory frameworks. Europe an Union has been instrumental in fostering innovation through initiatives focused on sustainable aviation. Recent regulations emphasize safety, which has accelerated the industry's readiness for commercial application. With key players like Northrop Grumman and Textron Aviation also showing interest in developing eVTOL technologies, the market valuation is steadily rising, promising a transformative effect on urban mobility in the region.

    Market Segmentation

    Outlook

    • Piloted and Optionally Piloted

    Report Scope

    Report Scope
    Report Attribute/Metric Source Details
    MARKET SIZE 2018 225.0(USD Million)
    MARKET SIZE 2024 300.0(USD Million)
    MARKET SIZE 2035 4187.91(USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 27.081% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Heliogen, Thales, Airbus, Joby Aviation, Textron Aviation, Northrop Grumman, Pipistrel, Karem Aircraft, Urban Aeronautics, Volocopter, SkyDrive, Boeing, EHang, Lilium, Vertical Aerospace
    SEGMENTS COVERED Type, Battery Type, Lift Technology, Type of Propulsion, Mode of Operation
    KEY MARKET OPPORTUNITIES Urban air mobility integration, Advanced air traffic management, Environmental sustainability regulations, Regional air transport demand, Innovative cargo delivery solutions
    KEY MARKET DYNAMICS Regulatory advancements , Urban air mobility demand , Technological innovations , Investment growth , Sustainability initiatives
    COUNTRIES COVERED Germany, UK, France, Russia, Italy, Spain, Rest of Europe

    FAQs

    What is the expected market size of the Europe eVTOL Aircraft Market in 2024?

    The Europe eVTOL Aircraft Market is expected to be valued at 300.0 million USD in 2024.

    How much is the Europe eVTOL Aircraft Market projected to be worth by 2035?

    By 2035, the Europe eVTOL Aircraft Market is expected to reach a value of 4187.91 million USD.

    What is the anticipated compound annual growth rate (CAGR) for the Europe eVTOL Aircraft Market from 2025 to 2035?

    The expected CAGR for the Europe eVTOL Aircraft Market from 2025 to 2035 is 27.081 percent.

    What are the projected market values for Air Taxis and Delivery Drones in 2024?

    In 2024, the market values for Air Taxis and Delivery Drones are both expected to be 150.0 million USD.

    What will be the market value for Air Taxis in 2035?

    The market value for Air Taxis is projected to reach 2413.78 million USD by 2035.

    What are the significant growth opportunities in the Europe eVTOL Aircraft Market?

    Key growth opportunities in the Europe eVTOL Aircraft Market include advancements in technology and increasing demand for urban air mobility.

    Who are the major players in the Europe eVTOL Aircraft Market?

    Major players in the Europe eVTOL Aircraft Market include Heliogen, Thales, Airbus, Joby Aviation, and Volocopter.

    What market growth is expected for Delivery Drones from 2024 to 2035?

    The market for Delivery Drones is expected to grow to 1774.13 million USD by 2035.

    What are the main challenges facing the Europe eVTOL Aircraft Market?

    Challenges facing the market include regulatory hurdles and infrastructure development.

    What impact do emerging trends have on the Europe eVTOL Aircraft Market?

    Emerging trends such as sustainable aviation technologies and increased urbanization are positively impacting the Europe eVTOL Aircraft Market.

    Europe eVTOL Aircraft Market Research Report - Forecast Till 2035 Infographic
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