Electric Aircraft Market Report 2026

The electric aircraft market size has grown rapidly in recent years. It will grow from $11.61 billion in 2025 to $13.18 billion in 2026 at a compound annual growth rate (CAGR) of 13.6%. The growth in the historic period can be attributed to early advancements in battery technology enabling initial development of electric propulsion systems, rising interest in lightweight aircraft platforms suitable for electric power integration, increased investment in experimental ultralight and light electric aircraft prototypes, growing environmental concerns driving exploration of zero-emission aviation alternatives, advancements in electric motors improving power-to-weight ratios for small aircraft.

The electric aircraft market size is expected to see rapid growth in the next few years. It will grow to $21.06 billion in 2030 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to growing demand for sustainable aviation solutions accelerating adoption of electric aircraft, increasing investment in next-generation high-density batteries to extend flight range, expansion of urban air mobility concepts requiring reliable electric aircraft platforms, rising development of hybrid-electric architectures as a bridge toward fully electric aviation, scaling of manufacturing capabilities to support commercialization of ultralight and light electric aircraft. Major trends in the forecast period include battery energy density improvements, development of lightweight aerostructures, expansion of regional electric air transport, integration of electric aircraft in urban air mobility (uam), hybrid-electric propulsion adoption.

A surge in global air passenger volume is expected to drive the electric aircraft market. Airlines dedicated to transporting people are known as passenger airlines. Air passengers are increasingly choosing air travel due to advantages such as speed, rising international mobility, and other benefits. Electric aircraft help lower travel costs for passengers while supporting environmental sustainability. For instance, in November 2024, according to Eurostat, a Luxembourg-based statistical office of the European Union (EU), air travel in the EU increased significantly in 2023, reaching 973 million passengers, a 19.3% rise compared to 2022. Therefore, the surge in global air passenger volume is driving the demand for the electric aircraft market.

Major companies operating in the electric aircraft market are focusing on developing four-seater electric aircraft to improve urban air mobility and expand opportunities for sustainable regional travel. A four-seater electric aircraft is a compact, battery-powered plane designed to carry up to four individuals, enabling zero-emission, low-noise transportation for short-distance flights and regional connectivity. For instance, in January 2025, Liaoning General Aviation Academy (LGAA), a China-based provincial independent legal-entity institution, introduced the RX4E, the world’s first commercially certified electric aircraft under Part 23 (TC No.: 0095A) regulations. The aircraft features a four-seat layout powered by a lithium battery electric propulsion system. Key specifications include a wingspan of 13.5 meters, a length of 8.4 meters, a maximum takeoff weight of around 1,260 kg, a 70 kWh lithium battery producing up to 140 kW of propulsion power, and a flight endurance of roughly 1.5 hours. It offers advantages such as zero in-flight emissions, low noise, lower operational costs, and strong safety and reliability.

In March 2025, Diamond Aircraft Industries, an Austria-based provider of advanced general aviation aircraft and aviation technologies, acquired Volocopter for an undisclosed amount. Through this acquisition, Diamond Aircraft aims to leverage its manufacturing expertise and production capabilities to streamline operations, reduce costs, and accelerate the certification and commercialization of Volocopter’s electric air taxi, the VoloCity. Volocopter is a Germany-based manufacturer of electric vertical take-off and landing (eVTOL) aircraft designed for urban air mobility and sustainable air transport solutions.

Major companies operating in the electric aircraft market are Airbus Yuneec Holding Limited, The Boeing Company, Lilium GmbH, Safran SA, Bye Aerospace Inc., Honeywell International Inc., Rolls-Royce Holding PLC, Electric Aircraft Corporation, Aero Electric Aircraft Corp., Airspace Experience Technologies LLC, Ampaire Inc., BAE Systems PLC, Beta Technologies Inc., Cessna Aircraft company, DigiSky SkySpark, Electravia SARL, Elroy Air Technologies Inc., Eviation Aircraft Ltd., Flight Design General Aviation GmbH, Harbour Air Seaplanes, Heart Aerospace AB, Joby Aviation Inc., Lange Aviation GmbH, Pipistrel d.o.o Ajdovscina, RTX Corporation, Siemens AG, Vertical Aerospace Ltd.

North America was the largest region in the electric aircraft market in 2025. The regions covered in the electric aircraft market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

Tariffs have affected the electric aircraft market by increasing costs of imported batteries, electric motors, avionics, and aerostructure components, especially impacting manufacturers in North America, Europe, and Asia-Pacific. Segments like light and ultralight aircraft, and regional transport electric aircraft face higher production costs and delayed deliveries. Positively, tariffs encourage domestic production of electric aircraft components and innovation in cost-efficient battery and motor technologies, fostering localized supply chains and reducing dependency on imports.

The electric aircraft market research report is one of a series of new reports that provides electric aircraft market statistics, including electric aircraft industry global market size, regional shares, competitors with an electric aircraft market share, detailed electric aircraft market segments, market trends and opportunities, and any further data you may need to thrive in the electric aircraft industry. This electric aircraft market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Electric aircraft are a type of air transportation that utilizes batteries to power an electric motor, replacing the traditional use of jet fuel to drive an engine. These aircraft consist of a motor responsible for converting electrical energy into mechanical energy and a battery to store and supply the required power.

The main categories of electric aircraft are fixed-wing, rotary-wing, and hybrid-wing. Fixed-wing aircraft encompass planes that utilize jet engines or propellers for forward movement, with wings that remain stationary. These aircraft can be further classified based on takeoff and landing capabilities, including CTOL (Conventional Takeoff and Landing), STOL (Short Takeoff and Landing), and VTOL (Vertical Takeoff and Landing). The technologies involved in electric aircraft cover various systems such as batteries, electric motors, aerostructures, avionics, software, and more. These aircraft are applicable in diverse sectors like commercial, military, and other specialized types, including regional transport aircraft, business jets, and light and ultralight aircraft.

The countries covered in the electric aircraft market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The electric aircraft market consists of sales of ultralight and light electric aircraft. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

This product will be delivered within 1-3 business days.