Industrial Research World

  The global eVTOL aircraft market is expected to garner a revenue of $4,222.4 million at a CAGR of 29.6% increasing from increasing from $458.05 million in 2025, as per a report published by Research Dive. The inclusive report provides a brief overview of the current scenario of the market including significant aspects of the market from growth factors, challenges, other market dynamics, restraints and various opportunities during the forecast period. The report also provides all the market figures making it easier and helpful for the new participants to understand the market. Market Dynamics The increase in the global urban population resulting in the traffic congestion will be considered as the main growth attributor of the market growth. Many companies are currently working on the  eVTOL aircraft  manufacturing for air mobility solutions. This is another factor enhancing the growth of the market. The major restraining factor the market of eVTOl aircraft globally will be its expensi

The notion of an air-taxi is creating a massive amount of buzz across the world. Various startups have made huge investments in venture capital funding due to which the race to invent novel developments in the air-taxi technology remains highly competitive. There are various businesses contributing to the new future of urban transportation that is eVTOL (electric vertical take-off and landing aircraft) aircraft, a novel type of technology that can help us move faster, without producing noise and with self-directed aerospace features. Airbus, an international forerunner in the aerospace market believes that the eVTOL aircraft industry will one day outshine its current $70 billion business with many different ongoing developments in the industry. Why are eVTOL Aircrafts in Demand? There is, at present, a race to develop the first air-taxi provision using the eVTOL technology. After the invention of consumer drones and batteries with enhanced capacity, an eVTOL having the potential to car