UAM & eVTOL Revolution: Building the Future of Urban Transportation
The Urban Air Mobility (UAM) market is rapidly gaining momentum as cities explore innovative solutions to ease congestion, reduce emissions, and improve transportation efficiency. UAM refers to the concept of transporting people or cargo using electric vertical takeoff and landing (eVTOL) aircraft or other advanced aerial vehicles in urban environments. The market is driven by advancements in aviation...
eVTOL Aircraft: Exploring Market Growth, Key Technologies, and Future Opportunities
The eVTOL aircraft market is set for significant growth, expanding from USD 1.2 billion in 2023 to USD 23.4 billion by 2030. This surge is fueled by advancements in electric propulsion, the rising demand for urban air mobility, and environmental pressures for cleaner aviation solutions. With a projected CAGR of 52.0%, the eVTOL industry is one of the most dynamic and rapidly evolving sectors.
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