From GlobeNewswire: 2025-05-26 07:30:00

The global electric aircraft market is experiencing significant growth opportunities due to the development of urban air mobility infrastructure. Market share is expanding with a focus on sustainable aviation, reduced emissions, and battery technology advancements. The market is expected to reach $40.11 billion by 2031, with a CAGR of 25.1% from 2025 to 2031.

Governments globally are pushing for carbon neutrality, leading to regulations on emissions from aircraft operations. This compels engine manufacturers to explore alternative power solutions like batteries or fuel cells. The growing demand for electric aircraft is also driven by the development of urban air mobility infrastructure and the adoption of air taxis for transportation operations.

In 2024, Europe led the electric aircraft market in revenue, followed by North America and Asia Pacific. North America is projected to have the highest CAGR during the forecast period. The market is segmented by wing type, aircraft type, component, and technology to cater to various applications and industry needs. Key players in the market include Joby Aviation, Lilium GmbH, Boeing, Airbus, and more.

The electric aircraft market is witnessing resilient growth globally, with Europe leading the market in 2024 and North America expected to see significant growth from 2025 to 2031. Key players are driving innovation and development in the industry, focusing on pre-registered contracts, testing, revenue, brand image, and technological advancements. Global partnerships and investments are propelling the market forward towards sustainable aviation solutions.



Read more at GlobeNewswire: Electric Aircraft Market Size to Achieve a Valuation of US$