U.S. eVTOL Makers Race to Scale Urban Air Mobility

US eVTOL

The electric vertical take-off and landing (eVTOL) aircraft market is poised to reshape urban mobility, though the industry remains in its infancy. In the U.S., three companies—Archer Aviation (NYSE: ARCHER), Eve Holding (NYSE: EVEX), and Joby Aviation (NYSE: JOBY)—are at the forefront of this nascent sector, aiming to commercialize air taxis.

While large-scale operations are still a few years away, analysts anticipate robust growth, with revenue streams split between aircraft sales (direct eVTOL revenue) and air mobility services (urban air mobility revenue). Archer and Eve are well-positioned in the direct eVTOL market, while Joby has a strategic advantage in urban air mobility, underpinned by partnerships with Toyota (TSE: 7203) and Uber (NYSE: UBER).

Visible Alpha consensus forecasts show Archer, Eve, and Joby to generate $12 million, $15 million, and $62 million, respectively, in UAM revenue in 2026. On the eVTOL aircraft sales side, Archer and Joby are estimated to generate $166 million and $26 million, respectively in 2026. Eve, set to launch its direct eVTOL operations in 2026, is projected to generate $9 million in its first year. Strong order backlogs support these growth expectations.

Archer’s direct eVTOL deliveries are forecast to rise from 33 aircraft in 2026 to 465 by 2030. This growth is supported by its joint venture with Soracle Corporation, which plans to order up to 100 of Archer’s Midnight aircraft for the Japanese market. Eve is expected to see its first direct eVTOL deliveries of 61 units in 2027, accelerating to 479 by 2030. Joby, meanwhile, is projected to ramp up more gradually, from six units in 2026 to 56 by 2030, as it prioritizes mobility services over aircraft sales.