IMARC Group, in its recent market report eVTOL Aircraft Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027, forecasts that the global eVTOL aircraft market size reached USD9.44 billion in 2021. Looking forward, the report expects the market to reach USD21.62 billion by 2027, exhibiting a growth rate (CAGR) of 14.30% during 2022-2027.
“The growing utilization of eVTOL ambulances in the healthcare industry to extend medical support and reduce emergency medical services response times represents one of the key factors driving the market,” say the report’s authors. “Besides this, the increasing utilization of eVTOL aircraft to improve search and rescue operations after natural calamities or accidents, such as landslides, fires, and earthquakes, is offering lucrative growth opportunities to industry investors. In addition, there is a rise in the demand for eVTOL aircraft on account of the growing traffic congestion around the world.”
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