Why the eVTOL Market Is Too Big to Ignore

By: Travis_Bard

The eVTOL market is still in its infancy. Since it involves such an innovative concept poised to revolutionize transportation, it’s something that cannot be ignored.

Everyone wants a new, more convenient way of transportation, and eVTOLs seem to deliver what people have in mind. Of course, that doesn’t make anyone blind to the fact that this new transportation mode is very complicated, and developers have to give it their best to be able to make it successful.

But if it becomes successful, this market could be extremely big and will change the world completely. It will become so significant that it will be hard to ignore by investors, and if they do, they might end up regretting it later.

Also, if they invest, they might help the market develop and reach the top much faster, as there is a continuous need for development and progress. But why exactly is the eVTOL market too big to ignore? Let’s find out.

1. Electric Motors Have Tremendous Potential

By now, people are already used to electric motors. After all, they were proven to be reliable and safe, so why would people not trust them?

Well, despite their safety, they are still not the best in the aviation sector. They are not optimized for this industry yet. Before electric motors are used for eVTOLs, they should be properly optimized for safety and performance reasons.

For instance, car-making businesses like Audi and Tesla had to do the same thing to make sure they meet the reliability and performance standards, so the same must be done regarding eVTOLs. This gives investors in prominent eVTOL companies plenty of opportunities.

2. Batteries Require Improvements as Well

Just like electric motors, there is also a need for innovation in the battery area. Aeromobility enthusiasts really have a soft spot for battery technology. Ever since lithium-ion batteries have been invented, they became extremely popular, and they’ve been in continuous development. Over time, they might even be able to allow aircraft to fly more reliably and cleanly, and for practical distances.

Despite all of this, eVTOL experts generally believe only one company (Astro Aerospace, which you can read about here) produces vehicles with batteries capable of taking passengers meaningful distances.

Again, this means there’s tremendous potential for additional developments, which investors are excited about.

3. Major Companies Are Making Investments

Obviously, this new industry needs money. It’s not so shocking – after all, we’re talking about a new technology that will change the world.

Thankfully, investment is coming from a variety of sources. There are already some programs with funds that can be committed to eVTOL. Boeing, Airbus, and Bell are some aircraft manufacturers with R&D infrastructure in place allowing funds for eVTOL developments.

The involvement of these big players understandably leaves many individual investors excited about the industry’s future.

4. There Aren’t Any Pilots

You can’t use a plane without a pilot, and so far, according to the Federal Aviation Administration, there’s a shortage of pilots in this area. Since 2017, there were 609,000 pilots in the U.S. The number went down by 30% since 1987, which is concerning given the fact that more and more people will want to fly every single year.

So, since the pilot shortage is already concerning for airplanes, it will also be a problem for air taxi operations. What makes it even worse is that there are too many costs for flight training, as well as the associated benefits and salaries.

This need comes at a time when companies are beginning to introduce eVTOLs capable of transporting passengers.

In other words, there are major incentives for companies to fill this void.

This may come in one of two forms. The first is training for pilots. The second – and arguably more exciting – is autonomous flight.

Autonomous eVTOLs will most likely negate the need for pilots, or allow minimally trained crews (and even ordinary consumers) to operate aircraft. That means they will develop systems that will basically let the aircraft deal with the flying themselves. Meanwhile, the human pilots will only monitor things and make a few changes, as well as handle any possible emergency that may occur.

5. There’s a Need for Carbon Fiber

For the most part, the eVTOL aircraft will be made from carbon fiber. The downside is the cost of this material. Apart from that, it’s also pretty difficult to manufacture.

It’s a very high-strength, but lightweight material. It can help make aircraft more efficient. However, it will be hard to make so many aircraft pieces every year from it. The manufacturers that managed to do it so far did it with a lot of R&D costs. Still, at the moment, there is no manufacturer that can build over 700 pieces per year.

This is another very clear opportunity investors have to push the market forward and deliver incredible growth.

In other words, while it represents a challenge, investors are grateful for such a clear opportunity.

Final Thoughts

The eVTOL market is big and still requires a lot of effort to become successful. There’s a big need for money, pilots, developments, and even materials to build the new aircraft. Without enough investments, work, and attention to this sector, we most likely won’t see this new technology very soon.

By Travis Bard

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