A new report issued by analysts at Allied Market Research projects the global hybrid aircraft market will generate $1.9 billion of revenue in 2025, when several hybrid aircraft are expected to enter service.
The company says it now holds letters of intent from prospective customers covering 100 of the high-capacity drones that could be used for cargo flights or crop-spraying.
The California-based eVTOL developer and its New Zealand partners successfully demonstrated that autonomous, uncrewed aircraft can safely integrate with regular piloted aircraft in controlled airspace.
The Spanish start-up says not being first to market will prove an advantage for second-wave advanced air mobility pioneers who will have greater regulatory certainty.