IBA, the leading aviation market intelligence and consultancy company, examined the eVTOL market in its latest webinar, presenting a valuation model and depreciation trends over a projected 10-20 year lifespan.
According to data from its IBA Insight aviation intelligence platform, new values of eVTOL aircraft hover between US$2-4million (m) to buy, depending on the aircraft type and a variety of other factors.
This valuation is based on some assumptions, including that both airframe and batteries have a half-life condition, and that the aircraft remains in its standard piloted configuration.
Within the webinar, IBA also provided commentary on the wider positive impact of eVTOLs, illustrating how they are propelling advancements in a range of sectors including logistics transport, emergency medical services, offshore and servicing wind farms. Additionally, how eVTOLs will contribute to reduced emissions and noise pollution, aligning with global sustainability goals.
IBA provided an in-depth look at the challenges facing the eVTOL industry. Six key themes were outlined: regulatory challenges, technological challenges, public acceptance, pilot training, infrastructure development and market prospects. Each have their own unique factors, IBA stressed, including aircraft balance innovation, battery life enhancement, operational training, and supporting infrastructure including the development of charging stations.
IBA examined some of the key eVTOL manufacturers, and their varying development timeframes. In 2024, Volocopter is hoping to commercially launch, EHang is looking at getting CAAC certification, and Archer Aviation has the goal to secure FAA certification for their eVTOL.
In 2025, BETA Technologies and Joby Aviation are targeting certification, as is Lilium by the end of this year. In 2026, Vertical Aerospace will be looking to receive certification, and Eve Air Mobility is on track to start service this year, while Janut Air Mobility have the goal to be certified by 2027.
Additionally, IBA outlined what they see as the main direct operating costs of eVTOL operations. These include maintenance overhaul, battery costs/leasing and other variable costs such as crew costs and landing fees. Overall, IBA states that if market softness is observed, a market trend is likely to persist until eVTOLs are established in the market.
To watch the webinar on demand, click here.
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