The research was commissioned by Horizon Aircraft, the advanced aerospace engineering company that has developed the Cavorite X5, the world’s first eVTOL (Electric Vertical Take-off and Landing) that can fly the majority of its mission exactly like a normal aircraft.

The findings also reveal that in 30 years’ time, 36 per cent of private equity and venture capital professionals interviewed said they expect the urban air mobility market to generate revenues of around USD90 billion a year, but 46 per cent believe it will be more than this. READ MORE