The aerospace engineering company has developed the Cavorite X5, an eVTOL which it says can fly the majority of its mission exactly like a normal aircraft. In March, the company said eVTOL passenger aircraft should have safety records equal to those in the commercial aviation sector to prevent fatalities. With new funds, these companies will progress dramatically leaving the others to struggle, and in many cases close down.”Īside from this research, Horizon has also weighed in on the importance of safety. Horizon co-founder Brandon Robinson says: “The eVTOL market is attracting huge amounts of investment, but this will increasingly focus on those concepts and companies that have prototypes that are commercially viable. While news showcasing the momentum being made in the eVTOL aircraft and Urban. There are currently around 407 eVTOL concepts (as opposed to companies) globally, but 54% believe this number will be lower by 2026, with 36% predicting there will be fewer than 300. Its been another year of steady progress for the team at Horizon Aircraft. However, as a sign of how uncertain the market is, a significant minority - 39% - think there will be more. Some 7% believe there will be between 200 and 244 companies. Horizon’s Cavorite X5 is an especially unique eVTOL in that it features in-wing lift rotors. Above: Horizon Aircraft’s founder Brandon Robinson with the Cavorite X5 prototype. One in three predict there will be between 100 and 200 companies, and 20% think there will be fewer than 100. Horizon, a company developing a unique eVTOL design, has publicized continued progress by releasing photos of a half-scale prototype of its Cavorite X5 aircraft. There are currently around 245 companies which have developed more than one eVTOL concept, but the survey by Horizon Aircraft shows that 60% of professionals working in the sector believe this number will be smaller in five years’ time.
![horizon aircraft cavorite x5 horizon aircraft cavorite x5](https://www.emobility-engineering.com/content/uploads/2021/05/cavorite-min.jpg)
New research predicts that the electric vertical take-off and landing (eVTOL) sector is in for significant consolidation over the next few years.