The global VTOL (vertical take-off and landing) market is expected to blossom in coming decades, as congested cities look for new ways to cut journey times and commuters and tourists embrace the promise of piloted and then automated air taxi flight. Morgan Stanley has estimated that the market could be worth US$1 trillion by 2040. The sector has seen a gold rush of startups and investors, breathless media reportage and futuristic demos. Many operators are expecting to commercialise their first propositions within the next three years.

The report delves into the opportunities for airlines, airports, ground handling operators and supply chain partners with commentary from global industry leaders. It also takes a closer look at the implications awaiting players as the sector transforms.