Tue, Dec 11, 2018
Releases 85-Page Report To Clients
A report released by Morgan Stanley to its clients predicts a $1.5 trillion worldwide market for eVTOL flying taxis and personal air vehicles by 2040.
GeekWire reports that the research team said in the report that the financial giant sees "the development of the UAM [urban air mobility] ecosystem as extremely long-dated and requiring up-front capital allocation, testing and development in the short term, with increasing visibility.”
The report indicates that such eVTOL aircraft would compliment delivery drones from companies such as Amazon and Google spinoff Wing. “Shipping is Amazon’s second-largest cost … and flying cars could reduce delivery costs in both rural and traffic-congested urban areas,” the report said.
But the money is in the passenger market, according to the report, amounting to $851 billion by 2040. “We see the market beginning as an ultra-niche add-on to existing transportation infrastructure, similar to how helicopters operate today,” the analysts said. “It eventually transforms into a cost-effective, time-efficient method of traveling short to medium distances, eventually taking share from car and airline companies,” the report says.
There are technological and regulatory hurdles to be overcome, the report cautions. Fully functional autonomous aviation may need to improve to a level significantly greater than that of conventional EVs/AVs [electric vehicles / autonomous vehicles] for road transport over the next 10 years,” the report said.
(Image from file)
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