The market for electric-vertical-takeoff-and-landing (eVTOL) aircraft could be worth around $23.4 billion in 2035, one decade after the first eVTOL air taxis are slated to enter service, according to a market research report published on July 25 by analysts at Markets and Markets.
The analysts predict the global eVTOL aircraft market will be valued at approximately $1.2 billion by the end of 2023. With a projected compound annual growth rate (CAGR) of 52 percent, its value could increase by more than 20 times by 2035, the report suggests.
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