Forecast To Grow At More Than 13 Percent Each Year Through The Period
According to a new market intelligence report by BIS Research titled "Global Electric VTOL (eVTOL) Aircraft Market - Analysis and Forecast, 2025-2035", the eVTOL aircraft market is estimated to be approximately $524.0 million by 2025 and is projected to reach $1.9 billion by 2035, in terms of value. The market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 13.75% during the forecast period from 2025 to 2035.
Cites Pilot Error For Continuing Visual Flight Into IFR Condition, Corporate Culture
On June 25, 2015, about 1215 Alaska daylight time, a single-engine, turbine-powered, float-equipped de Havilland DHC-3 (Otter) airplane, N270PA, collided with mountainous, tree-covered terrain about 24 miles east-northeast of Ketchikan, Alaska. The commercial pilot and eight passengers sustained fatal injuries, and the airplane was destroyed.
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