The global electric vertical take-off and landing (eVTOL) aircraft market, valued at USD 11.43 billion in 2022, is poised for unprecedented growth, with projections indicating a CAGR of 13.86% during the forecast period (2023–2032). Rapid advancements in electric propulsion systems, increasing demand for urban air mobility, and strategic government support for advanced air mobility (AAM) infrastructure are expected to significantly accelerate market expansion.

According to recent industry insights, the eVTOL industry is transitioning from experimental prototypes to near-commercial applications. This shift is driven by high-profile trials, government certification programs, and growing public-private partnerships aimed at developing low-emission air transport solutions for congested urban regions.

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