Jetoptera is targeting three main markets: military, civilian cargo, and manned flight, which includes urban and regional air mobility. In our opinion, our enabling technology will accelerate development of the urban air mobility market, which includes intra-city and air taxis, as well as the regional air mobility market.
We hope to acquire a significant market share of annual global light and medium helicopter civilian sales, currently running at $5B, which we believe will grow as our technology expands the use cases for V/STOL. We estimate our military manned flight addressable market at $11B, with the near-term addressable unmanned civilian and military markets estimated at $12B. Jetoptera believes the civilian UAV sector should grow exponentially as a result of our enabling technology.*
*Market information above provided by Teal Group Corporation
Companies are already actively expanding their reach to serve people in more dispersed, less resourced locations. We believe emerging markets exist for the delivery of food, medicine, and other supplies to customers in addition to point-to-point travel. The drone market poses valuable opportunities across agriculture, oil, logging, search and rescue, and more. In the civilian space, we see an important opportunity in regional air mobility—transport from smaller towns to larger hubs, independent of the presence of airports, which would displace current ridesharing services, which are less efficient and more costly for these distances.
We believe Jetoptera vehicles set themselves entirely apart from existing legacy approaches, which are all rotor-based technologies. Helicopters, tiltrotors, harriers, and eVTOLs all are either too loud, too complex, too slow, too expensive, or all of the above. Our technology enables us to much better serve the emerging markets, and to do so in a safer, quieter, more cost effective way.
Our energy-agnostic approach means that we don’t need to wait for the aerospace propulsion battery to be invented, and can offer SAF-powered solutions that lower the emissions of CO2 compared to road transport, while in the future adopting green fuels such as biodiesels or hydrogen.