eVTOL market projected to “take off between 2025 and 2030” says recent report

A recent forecast for passenger drones and the eVTOL aircraft market predicts dramatic growth from 2025 to 2030, reports dronelife.com. According to new research from MarketsandMarkets on the “eVTOL Aircraft Market … Global Forecast to 2030”, the market is projected to grow from USD162 million in 2025 to USD411 million by 2030, at a CAGR of 20.42 percent.

While researchers predict the passenger drone market will begin making some money through selling units in the next few years, it won’t be until 2025 that the market should properly “take off” due, in part, to a projected relaxation of present regulations.

“The growing demand for an alternative mode of transportation in urban cities as a result of increasing road traffic congestion globally is a major factor driving market growth,” says the report.