While Covid-19 had a detrimental effect on so many industries – including hospitality, entertainment, and beauty – the pandemic has arguably affected the aerospace industry most.

At the heart of lockdown, many companies were wondering if commercial aircraft would ever be in use again.

Now, while things are starting to get back to normal – aided by government investment in defense aerospace and companies’ investment in safe, hygienic travel – there is still the sense that there has been a sea change in the industry.

One burgeoning industry that has come to the fore is that of air taxis – electric aircraft designed for short journeys and a small number of passengers, otherwise known as eVTOL (electric vertical takeoff and landing) is a type of aircraft that uses electric power to hover, take off, and land vertically.

A report from IDTechEx, published in March 2011, suggests that the market for eVTOL air taxis could grow to US$14.7 billion by 2041. According to the report, many global aerospace and automotive companies are ramping up their interest in eVTOL aircraft, with companies such as Boeing, Airbus, Embraer, and Bell running ongoing eVTOL development programs, and aerospace suppliers Raytheon, GE, SAFRAN, Rolls-Royce, and Honeywell, investing in eVTOL technologies. New eVTOL start-ups include Volocopter, EHang, SkyDrive, Vertical Aerospace, Jaunt Air Mobility, Archer Aviation, and Beta Technologies.

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