Eve Air Mobility Twenty-Year Market Outlook Highlights Growth of Urban Air Mobility Globally

Rhea-AI Summary

Eve Air Mobility (NYSE: EVEX) has released its inaugural Global Market Outlook, projecting significant growth in the urban air mobility sector over the next 20 years. The report forecasts a $280 billion passenger revenue opportunity and a need for 30,000 eVTOL aircraft by 2045, serving an estimated three billion passengers. The outlook, based on data from 1,800 cities, 1,000 airports, and 27,000 civil helicopters, identifies key growth drivers including urban population growth, traffic congestion, and sustainable mobility demands. Eve will showcase its enhanced Eve-100 aircraft design at the 2025 Paris Air Show, featuring improvements like a new cabin design, four-blade propellers, and wheeled landing gear. The company expects strong regional growth, particularly in Asia-Pacific, while noting industry challenges including safety requirements, regulatory approval, and battery technology advancement.

Positive

• Projected massive market opportunity of $280 billion in passenger revenue by 2045
• Substantial fleet growth potential with 30,000 eVTOL aircraft needed to serve 3 billion passengers
• Enhanced Eve-100 aircraft design with improved features for better safety and performance
• Strong market drivers including urban growth and increasing traffic congestion in major cities

Negative

• Multiple industry challenges including regulatory approval requirements and safety concerns
• Battery technology limitations affecting range and broader applications
• Slower anticipated growth in Europe due to regulatory challenges
• Need for significant infrastructure development to support operations

Insights

Urban Air Mobility Analyst

Eve's forecast of $280B UAM market and 30,000 eVTOLs by 2045 offers promising growth potential despite significant regulatory and technical challenges.

Eve Air Mobility's inaugural Global Market Outlook presents a substantial vision for the emerging Urban Air Mobility (UAM) sector. The projection of $280 billion in passenger revenue and 30,000 aircraft by 2045 suggests a significant market opportunity, though these figures require careful contextual understanding.

The report's methodology appears robust, leveraging data from 1,800 cities in the UN's World Urbanization Prospects database, 1,000 airports, and over 27,000 civil helicopters currently in operation. This comprehensive approach strengthens the credibility of their projections.

Eve's forecast of three billion passengers by 2045 translates to approximately 150 million passengers annually by that time. For perspective, this would represent roughly 3.3% of the 4.5 billion passengers that traditional airlines carried in 2019 (pre-pandemic). This suggests Eve is projecting UAM to develop into a meaningful transportation segment rather than a niche market.

The company identifies compelling use cases that could drive adoption: Urban Point-to-Point, Airport Shuttle, Tourism, Medical Services, and Corporate/Private/Charter services. These applications directly address documented urban congestion issues in major global markets where residents lose hundreds of hours annually to traffic.

The planned unveiling of Eve's full-scale mockup at the Paris Air Show represents an important milestone in their development roadmap. The highlighted design evolutions—new cabin design, four-blade propellers, and wheeled landing gear—indicate continued refinement of their Eve-100 aircraft based on engineering insights and market feedback.

However, Eve's outlook candidly acknowledges significant implementation challenges: safety requirements, regulatory approvals, air traffic management integration, infrastructure limitations, and battery technology constraints. These represent substantial hurdles that will determine the timeline of market development.

As Eve benefits from Embraer's 50+ years of aerospace expertise, they maintain a competitive advantage in navigating certification processes, though the regulatory landscape for eVTOLs remains fluid across global markets.

Outlook highlights a $280 billion passenger revenue and 30,000 aircraft opportunities driven by urban population growth, traffic concerns, and a commitment to sustainability.

PARIS, June 15, 2025 /PRNewswire/ -- Eve Air Mobility (NYSE: EVEX; EVEXW), a global leader in electric vertical take-off and landing (eVTOL) aircraft, published its inaugural Global Market Outlook. The Outlook highlights the growth and demand surrounding the urban air mobility category for the next 20 years and provides insights into the societal, regional, and use case-specific factors driving demand.

The Global Market Outlook leverages data on 1,800 cities on the UN's World Urbanization Prospects database, 1,000 airports, and over 27,000 civil helicopters currently in operation.

"The Global Market Outlook furthers the excitement and momentum we have seen in collaborating with our customers and municipal partners worldwide," said Johann Bordais, CEO of Eve Air Mobility. "Today, the UAM market benefits from urban growth, higher traffic congestion, and a positive shift towards sustainable mobility. Demand for UAM is strong and marks the beginning of a major shift in how people will move and live in cities worldwide."

This report sets the stage for the 2025 Paris Air Show, where a major highlight will be the unveiling of Eve Air Mobility's full-scale mockup, showcasing a design evolution that enhances the Eve-100 aircraft's performance. The mockup, to be displayed in the Embraer pavilion outside Chalet #300, will showcase several key enhancements. These include a new cabin design, the addition of four-blade propellers, and wheeled landing gear. These improvements are designed to significantly enhance the safety, accessibility, comfort, performance, and maneuverability of the Eve-100, setting a new standard in Urban Air Mobility.

Transporting Three Billion Passengers by 2045
The topline numbers from The Global Market Outlook show an estimated in-service vehicle fleet of 30,000 eVTOLs by 2045. This fleet figure will be needed to support the estimated three billion passengers, creating a potential revenue of $280 billion.

Critical use cases driving growth include Urban Point-to-Point, Airport Shuttle, and Tourism, Medical Services, Corporate, Private and Charter. From a key driver perspective, the Outlook points to urban congestion as one of the critical factors demonstrating the need for alternative means of transportation as the 2022 United Nations World Population Prospects points to over two billion more people living in cities by 2050. Other data highlighting these congestion challenges include:

• By 2035, more than eight hundred cities will have a population of more than one million, accounting for over 2.5 billion people (World Cities Report, United Nations 2022).
• This growth will only accelerate the congestion challenges seen to date. In 2024, congestion continued to be a significant issue in major markets. For example, cities such as London (226 hours), New York (196 hours), Bengaluru (234 hours), Sao Paulo (222 hours), and Johannesburg (112 hours) saw significant annual time lost per person due to congestion.

Regional Breakdown
Eve anticipates significant Asia-Pacific growth driven by dense megacities and a rising middle class. North America shows promise due to substantial investment and an established aviation ecosystem. Europe may grow more slowly because of regulatory challenges. Latin America presents opportunities with eVTOLs addressing urbanization and renewable energy. While smaller, the Middle East is an early adopter focused on innovation and sustainable transportation. The Africa market is driven by the opportunity to overcome infrastructure challenges from high urban population growth and enhance tourism experience.

Key UAM Enablers and Challenges
While the future of urban air mobility is strong and shows great promise, the industry will have to overcome numerous challenges to realize its full potential.
Key challenges include:

• Safe operations: High safety is a non-negotiable requirement for high-scale operations.
• Regulatory approval: A comprehensive but accessible regulatory environment for a safe ecosystem is critical.
• Air traffic management (ATM): Airspace integration and future uncrewed operations are two areas where ATM will play a key role in high-density operations.
• Ecosystem: Existing heliport infrastructure is necessary to accommodate near-term operations.
• Battery technology: Higher battery densities are required for broader and longer-range applications.

The public acceptance of UAM will depend on a combination of these factors.

Click here to request a copy of the UAM Global Market Outlook.

About Eve Air Mobility 

Eve Air Mobility is dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. Benefitting from a start-up mindset, backed by Embraer S.A.'s more than 50-year history of aerospace expertise, and with a singular focus, Eve is taking a holistic approach to progressing the UAM ecosystem, with an advanced eVTOL project, comprehensive global services and support network and a unique air traffic management solution. Since May 10, 2022, Eve is listed on the New York Stock Exchange where its shares of common stock and public warrants trade under the tickers "EVEX" and "EVEXW". For more information, please visit www.eveairmobility.com. 

Forward-Looking Statement Disclosure
Certain statements contained in this release are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "project," "could," "should," "would," "continue," "seek," "target," "guidance," "outlook," "if current trends continue," "optimistic," "forecast" and other similar words or expressions. All statements, other than statements of historical facts, are forward-looking statements, including, but not limited to, statements about the company's plans, objectives, expectations, outlooks, projections, intentions, estimates, and other statements of future events or conditions, including with respect to all companies or entities named within. These forward-looking statements are based on the company's current objectives, beliefs and expectations, and they are subject to significant risks and uncertainties that may cause actual results and financial position and timing of certain events to differ materially from the information in the forward-looking statements. These risks and uncertainties include, but are not limited to, those set forth herein as well as in Part I, Item 1A. Risk Factors and Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations of the company's most recent Annual Report on Form 10-K, Part I, Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 1A. Risk Factors of the company's most recent Quarterly Report on Form 10-Q, and other risks and uncertainties listed from time to time in the company's other filings with the Securities and Exchange Commission. Additionally, there may be other factors of which the company is not currently aware that may affect matters discussed in the forward-looking statements and may also cause actual results to differ materially from those discussed. The company does not assume any obligation to publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting these forward-looking statements. other than as required by law. Any forward-looking statements speak only as of the date hereof or as of the dates indicated in the statement. 

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SOURCE Eve Air Mobility

FAQ

What is Eve Air Mobility's (EVEX) market projection for urban air mobility by 2045?

Eve projects a $280 billion passenger revenue opportunity and the need for 30,000 eVTOL aircraft to serve an estimated three billion passengers by 2045.

What are the main challenges facing Eve Air Mobility's (EVEX) urban air mobility plans?

Key challenges include ensuring safe operations, obtaining regulatory approval, managing air traffic integration, developing infrastructure, and advancing battery technology.

Which regions show the strongest growth potential for Eve Air Mobility (EVEX)?

Asia-Pacific shows significant growth potential due to dense megacities and rising middle class, followed by North America with its substantial investment and established aviation ecosystem.

What improvements is Eve Air Mobility (EVEX) showcasing for its Eve-100 aircraft at the 2025 Paris Air Show?

Eve is showcasing enhancements including a new cabin design, four-blade propellers, and wheeled landing gear to improve safety, accessibility, comfort, and maneuverability.

How many cities and airports did Eve Air Mobility (EVEX) analyze for their market outlook?

Eve analyzed data from 1,800 cities from the UN's World Urbanization Prospects database, 1,000 airports, and over 27,000 civil helicopters currently in operation.