Boeing’s venture into the flying car market in Asia by 2030 signifies a strategic move into the emerging field of urban air mobility (UAM), a sector that promises to revolutionize transportation by enabling air travel within and between cities using eVTOLs (electric vertical take-off and landing vehicles).
The emerging electric Vertical Take-Off and Landing (eVTOL) aircraft market, projected to reach a staggering $24.22 billion by 2030, is at the forefront of a major transportation revolution. Driven by a combination of environmental imperatives and technological advancements, particularly in battery technology, this market is reshaping the future of urban mobility.
As the realm of urban air mobility (UAM) burgeons, the economic models for electric vertical take-off and landing (eVTOL) operations have become a focal point of interest. eVTOLs, an integral component of Advanced Air Mobility (AAM), promise to revolutionize transportation systems with their potential in cargo delivery, emergency services, and passenger transport.