eVTOLs are Taking off: Bank of America Sees Billion-Dollar Market in low-Altitude Sector

The "Low-Altitude Economy" – a term that sounded like science fiction just a few years ago – is, according to a recent report by Bank of America (BofA), on the verge of a breakthrough. This refers to the airspace below 1,000 meters, currently home to drones and helicopters, but set to be dominated by electric vertical take-off and landing aircraft, known as eVTOLs. With an expected annual growth of 62% by 2030, this sector is considered one of the fastest-growing markets overall. The key driver: a technological blend of drone and helicopter,...