The global eVTOL aircraft market value is expected to increase from USD 5.41 billion in 2023 to USD 23.21 billion in 2028. With growing urbanization, traffic congestion is emerging as a major concern. In addition, the rising amount of air pollution is giving rise to the need for smarter and more sustainable transportation solutions. The growing concept of urban air mobility solutions, such as air taxis, is anticipated to create favorable opportunities for eVTOL aircraft companies.
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