Insight
|
September 9, 2024
|
3 minute read
Advanced air mobility to help lift global NdFeB demand to new heights
From a nascent demand category today led by recreational, and to a lesser extent commercial, drones, we forecast that advanced air mobility will grow to become one of the largest NdFeB demand drivers by 2040, led by rapidly growing production of electric vertical-takeoff-and-landing (“eVTOL”) aircraft for transportation and delivery sectors.
According to McKinsey, 2022 saw more than 2,000 commercial drone deliveries take place daily across the globe. According to Gartner, global retail deliveries by drones will top 1 million per annum by 2026 and in the next decade that number will increase by orders of magnitude.
