According to the Bank of America Global Research team, the global civil adoption of eVTOLs could grow by 62% in 2025-30E and at a 85% compound annual growth rate between 2025 and 2040.
There are six end-applications for eVTOLs, namely public security, logistics distribution, medical & fire fighting, tourism, urban commuting, and intercity/intracity transportation, said researchers in a briefing paper.
“BofA Global Research expects eVTOLs will mainly serve as a supplement to passenger vehicles (PVs), subways/HSRs, and buses for 50-150km travel. Given industry averages, eVTOLs could take slightly more travel time than that of buses, PVs, and subways in this range of distance, and vehicles and subways may charge lower fares compared with eVTOLs. However, eVTOLs offer better privacy and a premium experience to passengers. For travel of 150-400km, eVTOLs have similar travel times to a helicopter, and yet are safer, more environmentally friendly, create less noise, and bear lower production and operation costs.”
The BofA predicts an 85% compound annual growth rate between 2025 and 2035.
For more information
https://institute.bankofamerica.com/content/dam/transformation/low-altitude-economy.pdf
https://institute.bankofamerica.com/transformation/low-altitude-economy.html