expansion or contraction in the eVTOL industry?

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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What are the possible consequences for expansion or contraction in the eVTOL industry?

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eVTOL Industry and possible consequences for it's expansion and contraction:-

eVTOL INDUSTRY:-

An electric vertical take-off and landing is the full form of the eVTOL. eVTOL is one of the newest innovation in the aerospace industry. These are electric vehicles and function like a drone. It is like a aircraft that uses electric power.

EXPANSION OF eVTOL INDUSTRY:-

The eVTOL industry is expected to be grow at a faster phase in today's scenario. Due to urbanization and demand for air mobility their demand will increase day  by day. It is very useful in medical field, as we know that the traffic is increases day by day and it is very difficult for patients to reach the hospitals on time. eVTOL aircraft industry provides an opportunity for the shorter ambulances to reach on time.

eVTOL industry also helps in natural disaster relief like floods, storms.  It also help our military by providing their facility. eVTOL like vectored eVTOL aircraft are also introduced for our military and security. eVTOL has various benefits. These are noise free aircraft and green energy aircraft.

All these are some possible reasons for the expansion of the eVTOL industry all over world.

 

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