NEW YORK - By 2035, small electric vertical take-off and landing (eVTOL) aircraft will likely transport passengers and cargo between city centers and local airports, across busy regions, and in remote areas. The benefits of this new travel mode—lower cost, reduced emissions, and improved safety—could propel the global market to a fleet of 12,000 eVOTL aircraft by 2035 and 45,000 by 2040, Mattia Celli, Jan Schmidt, and Jim Harris write for Bain & Company. Continue reading original article.
The Military & Aerospace Electronics take:
23 July 2024 -Management consulting firm Bain & Company in New York released its report on the growing commercial advanced air mobility (AAM) and electric vertical take-off and landing (eVTOL) market.
Bain says that by 2035, small eVTOL aircraft will likely transport passengers and cargo between city centers and local airports, across busy regions, and in remote areas. The benefits of this new travel mode which prides itself on lower cost, reduced emissions, and improved safety, could propel the global market to a fleet of 12,000 eVOTL aircrafts by 2035 and 45,000 by 2040, says the report.
“The creation of eVTOLs brings an array of investment opportunities. However, companies will face multiple challenges growing these businesses and achieving profitability. In addition, operators will also need to ensure flights are integrated into efficient end-to-end transport solutions, including seamless travel from starting location to flight terminals or vertiports,” said Mattia Celli, a Rome-based partner at Bain & Company’s Advanced Manufacturing & Services practice.
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Jamie Whitney, Senior Editor
Military + Aerospace Electronics
