First mover problems
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However, with new technologies come new regulatory requirements.
This will be especially true for thefully autonomousaircraft predicted to enter the market in a decade or so.
Areport by Morgan Stanleyin 2019 predicted that the global eVTOL market would grow to $1.5 trillion by 2040.
Two years later, the figure was downgraded to $1 trillion.
However, by 2050, the company estimates the market will have reached a staggering $9 trillion.
Who will actually make it to market?
Currently, there are about 500 electric vertical takeoff and landing developers worldwide.
The UK CAA announced in June last year it would use the same standards set out by EASA.
Both approaches seem to be having the same kind of impact on many manufacturer timelines.
Nonetheless, there are developers that are still bullish on their original plans.
Germanys Volocopter is adamant that it will have certified its aircraft in time for the Paris 2024 Olympics.
Story byLinnea Ahlgren
Linnea is the senior editor at TNW, having joined in April 2023.
Dabbles in gaming and fitness wearables.
But first, coffee.
