HomeAnalysisGlobal Professional Investors Expect Public Confidence in eVTOL Aircraft to Grow

Global Professional Investors Expect Public Confidence in eVTOL Aircraft to Grow

Horizon_Aircraft

Global professional investors expect public confidence in electric Vertical Takeoff and Landing (eVTOL) aircraft to grow as the industry continues to focus on using qualified pilots for flights, new global research* from Lindsay, Ontario, Canada-based New Horizon Aircraft Ltd. (NASDAQ: HOVR), doing business as Horizon Aircraft shows.

The study with investors in Japan, the US, Canada, Europe, the Middle East, and Asia found nearly three out of four (73%) believe public support for eVTOLs will grow over the next three years with 15% anticipating a dramatic increase in public confidence.

Just 6% of the private equity, venture capital and family office investors questioned believe public confidence in the sector will decline as the launch of the first services comes closer to reality. Around 22% do not see any change in public confidence happening or did not express an opinion.

Horizon’s research with senior executives at leading investment firms responsible for more than $1.787 trillion assets under management found the key factor in boosting public support is the growing acceptance within the industry that services will need to have qualified pilots.

More than three out of four (76%) identified the use of pilots as the key to guaranteeing increased public confidence while 68% say more successful trials of passenger and drone services will be important. Around 65% point to more news about successes in the sector and 56% want evidence of regulatory improvements with 36% hoping for the endorsement of the sector by major companies and investors.

* Horizon Aircraft commissioned the market research company PureProfile to survey 200 senior private equity, venture capital and family office professionals representing institutions managing with more than $1.787 trillion assets under management to capture their views on their eVTOL market. Respondents were based in Japan, Canada, the US, Europe, the Middle East, and Asia. The survey was conducted online in November 2023. 

VCWire

14/02/2024