New Business Survey Expects “Public Confidence in eVTOL Sector to Dramatically Increase over Next Three Years”

A new sur­vey con­duct­ed by Hori­zon Air­craft asked pri­vate equi­ty and ven­ture cap­i­tal pro­fes­sion­als about the future of the eVTOL indus­try. It was revealed that 82 per­cent expect pub­lic con­fi­dence in the sec­tor to increase over the next three years with 18 per­cent “expect­ing a dra­mat­ic increase.”

When asked for the rea­sons why, 80 per­cent cit­ed a grow­ing accep­tance that the first eVTOL flights will have qual­i­fied pilots and 69% point­ed to major devel­op­ments around the reg­u­la­tion of the sec­tor. Oth­er fac­tors include more high-pro­file media cov­er­age of suc­cess­es in the sec­tor, more suc­cess­ful pas­sen­ger and car­go VTOL tri­als, and a grow­ing num­ber of larg­er com­pa­nies becom­ing involved.       

Bran­don Robin­son, CEO of Hori­zon Air­craft remarked, “As pub­lic con­fi­dence in the eVTOL mar­ket grows, pro­fes­sion­al investors expect the sec­tor’s order book to grow and more invest­ment to flow into the indus­try.”

He con­tin­ued, “Our research shows 63 per­cent of pri­vate equi­ty and ven­ture cap­i­tal pro­fes­sion­als expect there to be over 430,000 air taxis in oper­a­tion by 2040, and 88 per­cent antic­i­pate the sec­tor will gen­er­ate at least USD30.7 bil­lion by 2030. It is not sur­pris­ing that our research shows 54 per­cent of pro­fes­sion­al investors expect over USD30 bil­lion will be invest­ed in the mar­ket by 2030, com­pared to USD7 bil­lion in 2021.”

Hori­zon Air­craft com­mis­sioned the mar­ket research com­pa­ny Pure­Pro­file to sur­vey 100 senior pri­vate equi­ty and ven­ture cap­i­tal pro­fes­sion­als to ask their views on the eVTOL mar­ket. Respon­dents were based in the US, Cana­da, UK, Aus­tralia, New Zealand, Chi­na, Hong Kong, Ger­many and the UAE. The sur­vey was con­duct­ed online in Novem­ber 2022.

Mean­while, Hori­zon Air­craft is cur­rent­ly run­ning rig­or­ous flight test­ing of its 50 per­cent-scale Cavorite X5 pro­to­type while con­tin­u­ing to devel­op a detailed design of a full-scale air­craft. The com­pa­ny has won sev­er­al grants includ­ing a US Depart­ment of Defence advanced research and devel­op­ment con­tract award.

The full-scale air­craft will be pow­ered by a hybrid elec­tric sys­tem that can recharge the bat­tery array in-flight, while pro­vid­ing addi­tion­al sys­tem redun­dan­cy.

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