There will be more than 430,000 urban air taxis in operation by 2040, according to a new Frost & Sullivan study. The international consulting firm predicts that operations will begin as early as 2022, initially in the UAE, New Zealand, and Singapore, followed by Brazil and Mexico.
This would mean new aircraft being delivered at an exceptional annual rate of almost 24,000 units. None of the new-generation electric vertical takeoff and landing (eVTOL) aircraft have completed type certification to date.
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