A blend of a helicopter and drone, electric vertical take-off and landing (eVTOL) is propelling the low-altitude economy forward.

The so-called “low-altitude economy” is an emerging and fast-growing economic sector focused on activities, businesses, and services operating in the airspace below 3,280 feet. This new frontier is largely being driven by the rise of eVTOLs—electric vertical take-off and landing vehicles.

According to BofA Global Research, civil adoption of eVTOLs worldwide could increase by as much as 62% between 2025 and 2030. Positioned somewhere between a helicopter and a drone, eVTOLs offer several advantages: they are safer, more environmentally friendly, quieter, and more cost-effective than traditional helicopters.

Technically, an eVTOL is made up of five key systems: power, avionics, structure, energy and thermal management, and assembly components.

The potential applications for eVTOLs are wide-ranging. BofA identifies six main use cases: public security, logistics and delivery, emergency medical and firefighting operations, tourism, urban commuting, and intra/intercity transportation.

Link: https://institute.bankofamerica.com/transformation/low-altitude-economy.html