Asia-Pacific will have 82,500 eVTOLs in operation by 2050, which will represent 51% of all aircraft worldwide. As a result, revenue in the region with Urban Air Mobility (UAM) will reach US$ 36.9 billion annually. This is what a joint study by Rolls-Royce and Roland Berger points out.
Globally, the forecast of the Advanced Air Mobility: Market study for APAC is that there will be 161,000 eVTOLs flying commercially in 2050. After Asia-Pacific, the Americas will account for 33% of aircraft, Europe another 11% and the rest of the world with 4%.
Among the 25 Asia-Pacific countries included in the study, Japan will have the largest market by mid-century, with more than 16,000 eVTOLs in operation and annual revenue of $14.3 billion. This is followed by South Korea (7,000 eVTOLs), Australia (2,700), Singapore (360) and New Zealand (150).
The first commercial operations in the region are expected to take place in 2024, starting with Singapore, and a year later in Japan and South Korea. According to the study, there are four main service formats to be explored in Asia-Pacific:
– Shuttle from/to Airports;
– City Taxi;
– Tourist Flights;
– Inter City.
“This market study with Roland Berger demonstrates the commercial potential of the APAC region and how the region could lead the way in introducing all-electric passenger services. Rolls-Royce is at the forefront of developing and delivering all-electric and hybrid-electric propulsion systems that will enable passengers to travel sustainably and help deliver net zero carbon by 2050.”
Rob Watson, President – Electrical, Rolls-Royce.