Reports
Aerospace Top Market Reports
Electric Aircraft Market
The electric aircraft market is gaining traction as the aviation industry targets zero-emission technologies. Estimated to grow from USD 5.59 billion in 2024 to USD 39.76 billion by 2033, at a CAGR of 22.2%, this segment is driven by environmental regulations, cost-efficiency goals, and rapid advancements in battery technology. Companies like Heart Aerospace, Eviation, and Bye Aerospace are pioneering electric commuter aircraft, while Rolls-Royce, Airbus, and Ampaire are investing in hybrid propulsion systems and scalable platforms.
eVTOL (Electric Vertical Take-Off and Landing) Aircraft Market
The eVTOL aircraft market is projected to grow from USD 3.56 billion in 2024 to USD 27.73 billion by 2033, at a CAGR of 24.5%, fueled by the rise of urban air mobility and sustainable transport initiatives. Startups such as Joby Aviation, Archer Aviation, and Lilium are at the forefront of commercialization, while aerospace giants like Boeing (via Wisk Aero) and Airbus are accelerating development through partnerships and proprietary platforms.
Advanced Air Mobility (AAM) Market
Advanced air mobility is revolutionizing regional and urban transport with integrated aerial systems. Expected to expand from USD 9.04 billion in 2024 to USD 71.84 billion by 2033 at a CAGR of 24.4%, growth is being driven by congestion in megacities, government funding, and autonomous flight technology. Companies such as Wisk Aero, Volocopter, and Beta Technologies are building next-gen air vehicles, while Honeywell and Thales are developing critical avionics and navigation systems.
Aerospace Engineering Services Outsourcing (ESO) Market
The ESO market in aerospace is growing due to demand for cost-effective innovation and digital transformation. Valued at USD 150.67 billion in 2024 and projected to reach USD 1,004.64 billion by 2033, with a CAGR of 21.1%, the market is fueled by increasing design complexity and time-to-market pressures. Key players include L&T Technology Services, Alten Group, and Cyient, while OEMs like Airbus and Boeing are ramping up engineering partnerships in India and Eastern Europe.
Connected Aircraft Market
Driven by real-time data integration and inflight connectivity demands, the connected aircraft market is set to grow from USD 7.32 billion in 2024 to USD 57.57 billion by 2033, at a CAGR of 23.7%. The push for predictive maintenance, enhanced crew efficiency, and superior passenger experience is attracting investments from firms such as Collins Aerospace, Thales Group, and Honeywell, while Panasonic Avionics and Gogo Inc. are advancing inflight entertainment and broadband solutions.
Autonomous Aircraft Market
The autonomous aircraft sector is rapidly evolving, forecasted to rise from USD 6.81 billion in 2024 to USD 50.11 billion by 2033, at a CAGR of 22.9%, as demand for unmanned systems and AI-driven navigation increases. Key contributors like Anduril Industries and Aurora Flight Sciences (Boeing) are developing military-grade autonomy, while Reliable Robotics and Xwing are working on pilotless cargo and regional flights. Legacy players like Lockheed Martin are integrating autonomy into defense platforms.
VTOL UAV (Vertical Take-Off and Landing Unmanned Aerial Vehicle) Market
The VTOL UAV market is estimated to grow from USD 2.13 billion in 2024 to USD 16.93 billion by 2033, at a CAGR of 23.1%, led by growing use in defense surveillance, logistics, and infrastructure inspection. Companies like DJI, AeroVironment, and Skydio are developing advanced VTOL drone systems, while startups such as Volansi and Elroy Air focus on long-range cargo solutions. Investment from militaries and logistics firms is catalyzing rapid deployment.
Aerospace 3D Printing Market
3D printing in aerospace is unlocking faster prototyping and lightweight part manufacturing. Forecast to rise from USD 4.27 billion in 2024 to USD 31.86 billion by 2033, at a CAGR of 23.2%, growth is being propelled by demand for fuel efficiency and digital manufacturing. Market leaders include Stratasys, 3D Systems, and EOS GmbH, while aerospace firms like GE Aerospace, Safran, and Raytheon Technologies are heavily integrating additive manufacturing into their supply chains.
Hypersonic Technology Market
The hypersonic market is heating up with defense applications and strategic military initiatives. Projected to grow from USD 7.52 billion in 2024 to USD 53.73 billion by 2033 at a CAGR of 23.5%, the segment is driven by geopolitical competition and breakthroughs in propulsion. Key players include Lockheed Martin, Northrop Grumman, and Raytheon, while nations like the U.S., China, and Russia invest in hypersonic missile and aircraft systems.
Aircraft Electrification Market
With sustainability driving innovation, the aircraft electrification market is expected to expand from USD 4.88 billion in 2024 to USD 35.93 billion by 2033, registering a CAGR of 23.8%. This includes electric propulsion, more-electric systems, and power electronics. Companies such as Safran, Rolls-Royce, and Honeywell are developing electric taxiing and hybrid propulsion systems, while BAE Systems and Thales focus on electrical subsystems and energy storage.