Southern China’s Shenzhen will hold the eVTOL World Conference 2023 on December 14-15, highlighting the significant inroads the industry has made in recent years.
With the theme of “green aviation leading the future,” the conference will touch upon topics ranging from airworthiness of eVTOL to flight management, from eVTOL technology to aerospace and electricity system.
The aviation industry worldwide has been following in the footsteps of the booming EV sector to go increasingly electric.
A host of players large and small have emerged in the eVTOL space, leading the shift of the air mobility segment toward a greener future.
At the conference in Shenzhen, around 400 representatives from the eVTOL industry will come together and discuss the opportunities and challenging facing the industry moving forward.
According to Roland Berger, by 2025 there will be 3,000 flying cars in the world’s skies.
More than 160,000 such aerial vehicles are expected to become operational by 2050, contributing US$900 trillion in revenue, said the German consultancy in a report.
About a third of them will be used to run aerial taxi services, with the remaining two thirds deployed to provide airport shuttle and intercity transportation services.
Morgan Stanley issued a report in 2021, saying that the urban air mobility (UAM) market around the world reached US$8 billion in 2020. By 2050 the total addressable market for “flying cars” is forecast to hit US$9 trillion, it adds.
China has been a pioneer in this burgeoning eVTOL race, with dozens of startups coming through the ranks and looking to commercialize their technologies.