Urban air mobility (UAM) has become the new frontier in aviation, driven by a desire for small, quiet and sustainable aircraft to provide mass transportation for intra-city, short-haul and regional travel.
What seemed like a pipe dream less than a decade ago looks set to become a reality, as the sector’s early movers prepare their innovative, electric vertical take-off and landing (eVTOL) aircraft programmes for commercial service within the next three years.
In its recent analysis of the global UAM market, management consultancy Roland Berger forecast there would be around 160,000 eVTOL aircraft in service by 2050, generating annual revenues of $90 billion.
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