EVTOL Aircraft Market Industry Size, Trends & Forecast by Credence Research 2019-2027
The global market for electronic vertical takeoff and landing (eVTOL) aircraft reached a market value of US$ 315.2 million in 2027 and expected a significant CAGR of 12.6% over the 2019-2027
By: Credence Research
Electric Vertical Takeoff and Landing (eVTOL) aircraft reduce ground transport congestion through efficient use of airspace. Eco-friendly electrical propulsion systems, minimal spatial requirements for take-off & landing and high-performance batteries with extremely short charging duration laid the foundations for revolutionary new eVTOL aircraft applications. Such advances, along with streamlining poor connections to swarmed urban areas, were expected to bypass & ease the congestion problem. EVTOL aircraft were predicted to save significantly over 15 KM to 25 KM of distance compared to public transport and to be the fastest urban mobility option. These aircraft are capable of taking personal comfort and speed at the highest level, as well as providing its inevitable contribution in rescue services and para-public applications. Urban air mobility will be gradually integrated into the existing mobility landscape, enabling passengers to enjoy safe and enjoyable flight experience in a time-efficient mode of travel.
Browse Full Report Originally Published by Credence Research @ https://www.credenceresearch.com/
About Credence Research:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we've manufactured a firm extraordinarily prepared to this task.
Name: Chris Smith