By Shazan Siddiqi, Senior Technology Analyst at IDTechEx
Flying cars are very easy to hype. Most images of the future almost always include mass mobility in the air. It is one of the staples of any depiction of advanced modern societies and a trope of almost every science fiction movie or book (however dystopian). It is an exciting time where the level of technological advancement is reaching the stage of making electric vertical take-off and landing (eVTOL) aircraft a feasible reality. By Shazan Siddiqi, Senior Technology Analyst at IDTechEx.
However, considerable advancements, such as in battery energy density and charging capabilities, distributed electric propulsion systems, composite materials, and mass aircraft manufacture, are still required to make widespread deployment a reality. There are also many challenges not related to the technical feasibility of making an eVTOL fly, which will also need to be addressed, including certification of aircraft and parts, regulation of operations, public acceptance, and the development of ground infrastructure. IDTechEx’s new report “Air Taxis: Electric Vertical Take-Off and Landing (eVTOL) Aircraft 2024-2044: Technologies, Players” is intended to help companies understand the exciting emerging urban air mobility (UAM) market.
Many of the world’s largest aerospace and automotive companies are ramping up their interest in eVTOL aircraft, recognizing it as a potentially disruptive new transport mode. The major aerospace suppliers, RTX Corporation, GE, SAFRAN, and Honeywell, are all investing in eVTOL-related technologies, including electric and hybrid-electric powertrain components, systems for autonomous flight, and advanced air traffic management systems. Furthermore, composite material manufacturers like Toray and Hexcel have been working with OEMs on the advanced lightweight materials required for several facets of eVTOL design. The automotive industry is also taking an interest, with Toyota, Hyundai, Stellantis, XPeng, Suzuki, and Honda all funding, collaborating on, or conducting their own eVTOL projects.