Coretec Group Inc (CRTG)

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This next is the eVTOL Sales outlook"

The electric vertical take-off and landing (eVTOL) aircraft market has been experiencing remarkable growth, driven by technological advancements and the increasing demand for urban air mobility. Let’s explore the sales outlook based on different sources:
1. According to Fortune Business Insights, the global eVTOL aircraft market size was USD 1.11 billion in 2020. It is projected to grow from USD 5.41 billion in 2021 to USD 23.21 billion in 2028, exhibiting a CAGR of 23.13% during the period from 2021 to 2028. The market experienced a higher growth rate of 11.94% in 2020 compared to the average year-on-year growth during 2017-2019. The rise in CAGR is attributed to the market’s demand and growth, which is expected to return to pre-pandemic levels once the pandemic subsides. Despite the negative impact of COVID-19, companies in North America and Europe raised approximately USD 1.3 billion in investments for air mobility companies. The market is anticipated to recover by the end of 20211.
2. Another estimate by GlobeNewswire suggests that the global eVTOL aircraft market was approximately USD 8.5 billion in 2021 and is projected to reach USD 30.8 billion by 2030, with a CAGR of 15.3%2.
3. Aviation Week Network forecasts that more than 10,000 electric vertical take-off and landing (eVTOL) vehicle deliveries are expected by 2040, and nearly 30,000 by 20503.
4. Fact.MR predicts that the eVTOL aircraft market will be worth USD 422.2 million in 2024 and is projected to expand at a CAGR of 21.5%, reaching a valuation of USD 2,959.9 million by 20344.
In summary, the eVTOL market is poised for substantial growth, driven by factors such as environmental awareness, cost reduction, and the need for efficient urban transportation. 🚁🌐🔋