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COMMENTARY by Jonathan Newell, Editor


Testing


MARKET FOR eVTOL COULD BECOME BATTLEGROUND FOR SURVIVAL


T


he aviation industry is about to emerge from the pandemic induced turmoil that it has suffered during the past 18 months and many companies are focusing on new approaches and innovation in flight efficiency and particularly electric power. One branch of aviation that has seen a boom in activity and a large


increase in the number of companies actively engaged in its development is electric vertical take-off and landing (eVTOL) craft. These aircraft have wide application and are being developed as drones, urban air mobility systems and, as featured in this issue, the latest generation of racing “cars”. With such scope, there are a lot of companies working on the technology and, according to recently published research, there are about 245 companies that have developed eVTOL concepts. However, interviews with aerospace professionals carried out by Horizon


Aircraft in April show that one-in-five of them believe that this number will shrink to less than 100 within the next five years. In all, more than two- thirds of the respondents were sure than the number of active companies in the market will shrink, despite huge market growth predictions. This shrinkage in the number of companies involved in eVTOL aircraft


will come down to failures in the market and takeovers by larger companies. According to Brandon Robinson of Horizon Aircraft, which has recently


been taken over itself by drone specialist Astro Aerospace, the eVTOL market is attracting huge amounts of investment, but this will increasingly focus on those concepts and companies that have prototypes that are commercially viable. “With new funds, these companies will progress dramatically leaving the others to struggle, and in many cases close down,” he says. Nonetheless, the market has plenty of potential with one market





market size, overall company numbers will shrink





research company projecting an 18.56 per cent compound annual growth rate over the next six years after a brief lull during the pandemic. Some of the major companies involved in the market are Bell Helicopters, Airbus, Embraer and others. However, with the market split by technology and application, there are plenty of pies to take a bite out of for those companies with innovative technology and the means to bring it to market.


Despite eVTOL’s


& Test Houses EDITORIAL


Direct Line +44 (0) 20 7863 3078 Editor Jonathan Newell BSc


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any fair dealing for the purpose of private study, research, criticism or review, as permitted under the Copyright, Designs and Patents Act, 1988, no part may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, electrical, chemical mechanical, photocopying, recording or otherwise, without the prior permission of the copyright owners. Unlicensed multiple copying of the contents of this publication is illegal. Inquiries should be addressed to: The Publisher, Concorde Publishing Ltd, 100 Borough High Street, London SE1 1LB, UK. Views expressed are those of the authors and are not necessarily endorsed by Concorde Publishing Ltd. Data and conclusions developed are for information only and are not intended for use without independent substantiating investigation by the potential user.


June 2021 /// Testing & Test Houses /// 3


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