New research from Horizon Aircraft indicates that air passenger taxis, air ambulance and cargo transport are expected to be the three areas of the eVTOL market that will see the biggest growth over the next five years.
The report highlights that 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 ten (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.
| Ranking | Ranking of which areas of the eVTOL market that will see the biggest growth over the next five years as selected by private equity and venture capital professionals |
| 1 | Air passenger taxi |
| 2 | Air ambulance |
| 3 | Cargo transport |
| 4 | Fire service |
| 5 | Military service |
Overall, from an investors point of view, the report says 97% of private equity and venture capital professionals believe it is important that an eVTOL can be used in different transport markets – from air passenger taxi services to military operations.
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(Image: Horizon Aircraft)