New research reveals some 36% of eVTOL professionals predict\na dramatic increase in the level of consolidation in the eVTOL market over the\nnext two years, and 51% think there will be a slight increase. <\/p>\n\n\n\n
There are currently around 245 companies who have developed\neVTOL concepts, but in five years\u2019 time 60% of professionals working in the\nsector believe this number will be smaller. One in three (33%) predict there\nwill be between 100 and 200 companies, and one in five (20%) think there will\nbe fewer than 100. Some 7% believe there\nwill be between 200 and 244 companies, but just 39% think there will be more\nthan this. <\/p>\n\n\n\n
The research was commissioned by Horizon Aircraft, the\nadvanced aerospace engineering company that has developed the Cavorite X5, the\nworld\u2019s first eVTOL (Electric Vertical Take-off and Landing) that can fly the\nmajority of its mission exactly like a normal aircraft.<\/p>\n\n\n\n
There are currently around 407 eVTOL concepts globally, but\n54% believe this number will be lower by 2026, with 36% predicting there will\nbe fewer than 300. <\/p>\n\n\n\n
Brandon Robinson, CEO and Co-Founder of Horizon Aircraft\nsaid: \u201cThe eVTOL market is attracting huge amounts of investment, but this will\nincreasingly focus on those concepts and companies that have prototypes that\nare commercially viable. With new funds,\nthese companies will progress dramatically leaving the others to struggle, and\nin many cases close down.\u201d<\/p>\n\n\n\n
On 18th February 2021, Astro Aerospace (OTCQB: ASDN), a\nglobal leader in eVTOL aerial vehicles and drones, entered a binding agreement\nto acquire Horizon Aircraft Inc. The transaction is expected to close on or\nbefore the beginning of 2nd Quarter pending customary closing conditions.<\/p>\n\n\n\n
Astro, a pioneer in the eVTOL market, has developed one of\nthe market\u2019s safest and most efficient eVTOLs in the world. In 2018, the\nCompany\u2019s drone, \u2018Elroy\u2019, was one of the first to seamlessly fly with humans on\nboard. Astro continually defies traditional aviation design, and the\nacquisition of Horizon will only push the Company further, with the ability to\nreach greater heights working in tandem with Horizon\u2019s exceptional team.<\/p>\n","protected":false},"excerpt":{"rendered":"
New research reveals some 36% of eVTOL professionals predict a dramatic increase in the level of consolidation in the eVTOL market over the next two years, and 51% think there will be a slight increase. There are currently around 245 companies who have developed eVTOL concepts, but in five years\u2019 time 60% of professionals working […]<\/p>\n","protected":false},"author":3,"featured_media":16711,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[115],"tags":[],"class_list":["post-18467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-news"],"jetpack_featured_media_url":"https:\/\/stateaviationjournal.com\/wp-content\/uploads\/Jaunt-Air-Mobility-edit.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/18467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/comments?post=18467"}],"version-history":[{"count":1,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/18467\/revisions"}],"predecessor-version":[{"id":18468,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/posts\/18467\/revisions\/18468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/media\/16711"}],"wp:attachment":[{"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/media?parent=18467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/categories?post=18467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stateaviationjournal.com\/index.php\/wp-json\/wp\/v2\/tags?post=18467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}