International Airport Review
Key to growth of the eVTOL market will be the development of battery technology making longer flights of over 100 miles more practical and sustainable.
Air passenger taxis, air ambulance and cargo transport are seen as the three areas of the eVTOL market that will see the biggest growth over the next five years. This is according to new research from Horizon Aircraft, an innovative leader in hybrid electric Vertical Take-off and Landing (VTOL) aerial vehicles, with private equity and venture capital professionals.
Key to growth of the eVTOL market will be the development of battery technology making longer flights of over 100 miles more practical and sustainable. Four out of 10 (40%) private equity and venture capital professionals believe battery technology will evolve enough over the next two years to make this achievable, and 29% believe this will be the case by 2025. A further 22% say this will be achieved by 2026 or 2027.
Overall, from an investors point of view, 97% of private equity and venture capital professionals believe that it is important that an eVTOL can be used in different transport markets – from air passenger taxi services to military operations.
