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Read Latest eVTOL Research Report: Industry to reach USD30.8 billion by 2030

By Chris Stonor

This latest eVTOL Research Report estimates the present global aircraft market is estimated to be USD 8.5 billion this year, but is projected to grow to USD 30.8 billion by 2030, at a CAGR of 15.3 percent, reports marketsandresearch.com.

The summary says, “The growth of this market is mainly driven by the growing need for green energy and noise-free aircraft and the increasing use of eVTOL aircraft for cargo applications and increasing demand for an alternative mode of transport. The sudden outbreak of Covid-19 has taken a toll on various industrial sectors, with aviation being one of the worst affected. However, the eVTOL aircraft market did not seem to have been impacted by the pandemic as much as the aviation industry.”

It goes on, “While UAVs were widely deployed by militaries for a variety of missions like border security and governments and law enforcement agencies used them on an experimental basis, civil and commercial applications of eVTOL aircraft include transportation of medical supplies by companies like Zipline with an increased application in Africa, to supply medicines and amenities as well as transport organs and blood across cities.” Adding, “Retail and other logistics companies are increasingly looking towards the usage of UAVs to distribute essential items due to intermittent lockdowns and the imposition of social distancing protocols worldwide.“

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(News Source: https://www.researchandmarkets.com/)

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