Vertiports Market “Worth Over USD11 Billion Annually by 2030”
There are plenty of market research reports being published today claiming the eVTOL industry could be worth “millions, billions or even trillions of dollars in ten, twenty, thirty or forty years time.” Projections which should be taken with a massive pinch of salt, but… it is unusual to find a similar report for the vertiport industry, especially when few, if any, have been constructed yet.
Yet, this hasn’t stopped EIN Presswire, menafn.com, to publish an extensive article about the potential of the vertiport industry, even though the research comes from an alleged “Social Networking Service (SNS) Insider”… whatever that means.
This dubious insider claims that “The Vertiports Market is poised to redefine urban mobility, targeting a valuation surpassing USD11.05 billion by 2030, fuelled by advancements in automation, robotics, and sustainable electric Vertical Takeoff and Landing (eVTOL) technology, promising a future where the skies are seamlessly integrated into our daily commute.” Presumably, this report has taken a vague number then doubled or trebled it!
According to the SNS insider, “The Vertiports Market was valued at USD 0.24 billion in 2022 (really… when none have been built or used?) with projections soaring to USD11.05 billion by 2030. This meteoric rise forecasts a remarkable Compound Annual Growth Rate (CAGR) of 61.4 percent from 2023 to 2030,” adding with euphuistic grandeur, “Indicative of an era where the skies are the next frontier for urban transportation.”
(Credit — Lukas Preis/ResearchGate)
The report then points to industry leaders like Altaport, Ferrovial, Volocopter, Airbus and Skyportz in a bid, presumably, to offer some kind of gravitas to “these claims”. Then a brief segment analysis is offered that includes a range of possible types from vertihubs and vertipads to vertibases, vertistations and actual vertiports.
This is followed by key regions where the infrastructure could take hold with North America taking the lead. This assumption comes with no supportive evidence. Why not mention the Middle East, China or South America?
The final joke being the link given at the end of the article doesn’t exist. When clicked on it states “404 Page Not Found.” Perhaps, this article is little more than clickbait? Wisely, Menafn state at the end of the feature, “Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind.”
Such articles put the vertiport market in a bad light and are not only a disservice, but an embarrassment to the industry, especially when major company names are mentioned.
The moral of the story: Take every eVTOL, drone and vertiport report claiming such future markets are worth $$$$$$ with a huge pinch of salt. And the higher the amount forecast, the more likely the article is clickbait.
For more information
https://menafn.com/1107698763/Vertiports-Market-Set-To-Soar-Beyond-USD-1105-Billion-By-2030-Unlocking-The-Vertical-Horizon-Of-Urban-Mobility
(Top image: Credit — Hanwha Systems/Skyports)
