The Global eVTOL aircraft market is expected to grow from $14,362.9 million in 2025 to $51,182.6 million in 2031 at a compound annual growth rate (CAGR) of 23.6%.
Going forward, the growing need for green energy and noise-free aircraft, increasing demand for eVTOL aircraft in cargo applications and the growing urbanization will drive the growth. Factors that could hinder the growth of the eVTOL aircraft market in the future include possible failures in batteries due to high voltage and thermal issues, eVTOL aircraft crash due to software failure and Russia-Ukraine war.
The eVTOL aircraft market is segmented by lift technology into vectored thrust, multirotor and lift plus cruise. Going forward, the vectored thrust segment is expected to be the fastest growing segment in the eVTOL aircraft market segmented by lift technology, at a CAGR of 24.2% during 2025-2031.
The eVTOL aircraft market is segmented by propulsion type into fully electric, hybrid electric and hydrogen electric. Going forward, the fully electric segment is expected to be the fastest growing segment in the eVTOL aircraft market segmented by propulsion type, at a CAGR of 23.9% during 2025-2031.
The eVTOL aircraft market is segmented by mode of operation into autonomous, semi-automated and piloted. Going forward, the semi-autonomous segment is expected to be the fastest growing segment in the eVTOL aircraft market segmented by mode of operation, at a CAGR of 30.4% during 2025-2031.
The eVTOL aircraft market is segmented by application into commercial, military, emergency medical services and other applications. Going forward, the commercial segment is expected to be the fastest growing segment in the eVTOL aircraft market segmented by application, at a CAGR of 24.1% during 2025-2031.
Market-trend-based strategies for the eVTOL aircraft market include use of electric propulsion and hydrogen fuel cell technology, use of artificial intelligence, eVTOL aircraft shuttle, autonomous eVTOL aircraft, strategic partnership and research and development.
Player adopted strategies in the eVTOL aircraft market includes strengthening electrically powered aircraft business through business expansions and strategic acquisitions, focus on providing eVTOL aircraft to the defense & security sectors through strategic collaborations, enhance business operations through the launch of new products and focus on developing next-generation aircraft through strategic partnerships and collaborations.
To take advantage of the opportunities, the publisher recommends the eVTOL aircraft companies to focus on integration of artificial intelligence (AI) technology, focus on eVTOL aircraft shuttles, focus on electric propulsion and hydrogen fuel cell technology, develop autonomous eVTOL aircraft, focus on developed markets, expanding in emerging markets, focus on strategic collaborations and partnerships, offer value-based pricing, participate in trade shows and events, focus on urban population, target fast-growing applications.
This report describes and explains the eVTOL aircraft market and covers forecasts period from 2025 to 2031. The report evaluates the market across each region and for the major economies within each region.
Going forward, the growing need for green energy and noise-free aircraft, increasing demand for eVTOL aircraft in cargo applications and the growing urbanization will drive the growth. Factors that could hinder the growth of the eVTOL aircraft market in the future include possible failures in batteries due to high voltage and thermal issues, eVTOL aircraft crash due to software failure and Russia-Ukraine war.
The eVTOL aircraft market is segmented by lift technology into vectored thrust, multirotor and lift plus cruise. Going forward, the vectored thrust segment is expected to be the fastest growing segment in the eVTOL aircraft market segmented by lift technology, at a CAGR of 24.2% during 2025-2031.
The eVTOL aircraft market is segmented by propulsion type into fully electric, hybrid electric and hydrogen electric. Going forward, the fully electric segment is expected to be the fastest growing segment in the eVTOL aircraft market segmented by propulsion type, at a CAGR of 23.9% during 2025-2031.
The eVTOL aircraft market is segmented by mode of operation into autonomous, semi-automated and piloted. Going forward, the semi-autonomous segment is expected to be the fastest growing segment in the eVTOL aircraft market segmented by mode of operation, at a CAGR of 30.4% during 2025-2031.
The eVTOL aircraft market is segmented by application into commercial, military, emergency medical services and other applications. Going forward, the commercial segment is expected to be the fastest growing segment in the eVTOL aircraft market segmented by application, at a CAGR of 24.1% during 2025-2031.
Market-trend-based strategies for the eVTOL aircraft market include use of electric propulsion and hydrogen fuel cell technology, use of artificial intelligence, eVTOL aircraft shuttle, autonomous eVTOL aircraft, strategic partnership and research and development.
Player adopted strategies in the eVTOL aircraft market includes strengthening electrically powered aircraft business through business expansions and strategic acquisitions, focus on providing eVTOL aircraft to the defense & security sectors through strategic collaborations, enhance business operations through the launch of new products and focus on developing next-generation aircraft through strategic partnerships and collaborations.
To take advantage of the opportunities, the publisher recommends the eVTOL aircraft companies to focus on integration of artificial intelligence (AI) technology, focus on eVTOL aircraft shuttles, focus on electric propulsion and hydrogen fuel cell technology, develop autonomous eVTOL aircraft, focus on developed markets, expanding in emerging markets, focus on strategic collaborations and partnerships, offer value-based pricing, participate in trade shows and events, focus on urban population, target fast-growing applications.
This report describes and explains the eVTOL aircraft market and covers forecasts period from 2025 to 2031. The report evaluates the market across each region and for the major economies within each region.
Table of Contents
1. Executive Summary2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction and Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. eVTOL Aircraft Market Definition and Segmentations
6.4. Market Segmentation By Lift Technology
6.4.1. Vectored Thrust
6.4.2. Multirotor
6.4.3. Lift Plus Cruise
6.5. Market Segmentation By Propulsion Type
6.5.1. Fully Electric
6.5.2. Hybrid Electric
6.5.3. Hydrogen Electric
6.6. Market Segmentation By Mode Of Operation
6.6.1. Autonomous
6.6.2. Semi-Autonomous
6.6.3. Piloted
6.7. Market Segmentation By Application
6.7.1. Commercial
6.7.2. Military
6.7.3. Emergency Medical Services
6.7.4. Other Applications
7. Major Trends And Strategies
7.1. Electric Propulsion And Hydrogen Fuel Cell Technology
7.2. Use Of Artificial Intelligence
7.3. eVTOL Aircraft Shuttle
7.4. Autonomous eVTOL Aircraft
7.5. Strategic Partnership
7.6. Research And Development
8. Global Market Size And Growth
8.1. Market Size
8.2. Forecast Market Growth, 2025 -2031F Value ($ Million)
8.2.1. Market Drivers 2025 - 2031
8.2.2. Market Restraints 2025 - 2031
9. Global Market Segmentation
9.1. Global eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
9.2. Global eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
9.3. Global eVTOL Aircraft Market, Segmentation By Mode Of Operation, Forecast, 2025 -2031F, Value ($ Million)
9.4. Global eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
10. Global Market, Regional And Country Analysis
10.1. Global eVTOL Aircraft Market, By Region, Forecast, 2025 - 2031F, Value ($ Million)
10.2. Global eVTOL Aircraft Market, By Country, Forecast, 2025 - 2031F, Value ($ Million)
11. Asia-Pacific Market
11.1. Market Overview
11.1.1. Region Information
11.1.2. Market Information
11.1.3. Background Information
11.1.4. Government Initiatives
11.1.5. Regulations
11.1.6. Regulatory Bodies
11.1.7. Major Associations
11.1.8. Taxes Levied
11.1.9. Corporate Tax Structure
11.1.10. Investments
11.1.11. Major Companies
11.2. Asia-Pacific Forecast Market Growth, 2025 -2031F Value ($ Million)
11.3. Asia-Pacific eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
11.4. Asia-Pacific eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
11.5. Asia-Pacific eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
11.6. Asia Pacific eVTOL Aircraft Market: Country Analysis
11.7. China Market
11.8. Market Overview
11.8.1. Country Information
11.8.2. Market Information
11.8.3. Background Information
11.8.4. Government Initiatives
11.8.5. Regulations
11.8.6. Regulatory Bodies
11.8.7. Major Associations
11.8.8. Taxes Levied
11.8.9. Corporate Tax Structure
11.8.10. Investments
11.8.11. Major Companies
11.9. China Forecast Market Growth, 2025 -2031F Value ($ Million)
11.10. China eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
11.11. China eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
11.12. China eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
11.13. India Market
11.14. India Forecast Market Growth, 2025 -2031F Value ($ Million)
11.15. India eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
11.16. India eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
11.17. India eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
11.18. Japan Market
11.19. Japan Forecast Market Growth, 2025 -2031F Value ($ Million)
11.20. Japan eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
11.21. Japan eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
11.22. Japan eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
11.23. Australia Market
11.24. Australia Forecast Market Growth, 2025 -2031F Value ($ Million)
11.25. Australia eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
11.26. Australia eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
11.27. Australia eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
11.28. Indonesia Market
11.29. Indonesia Forecast Market Growth, 2025 -2031F Value ($ Million)
11.30. Indonesia eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
11.31. Indonesia eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
11.32. Indonesia eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
11.33. South Korea Market
11.34. South Korea Forecast Market Growth, 2025 -2031F Value ($ Million)
11.35. South Korea eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
11.36. South Korea eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
11.37. South Korea eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
12. Western Europe Market
12.1. Market Overview
12.1.1. Region Information
12.1.2. Market Information
12.1.3. Background information
12.1.4. Government Initiatives
12.1.5. Regulations
12.1.6. Regulatory Bodies
12.1.7. Major Associations
12.1.8. Taxes Levied
12.1.9. Investments
12.1.10. Major Companies
12.2. Western Europe Forecast Market Growth, 2025 -2031F Value ($ Million)
12.3. Western Europe eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
12.4. Western Europe eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
12.5. Western Europe eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
12.6. Western Europe eVTOL Aircraft Market: Country Analysis
12.7. UK Market
12.8. UK Forecast Market Growth, 2025 -2031F Value ($ Million)
12.9. UK eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
12.10. UK eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
12.11. UK eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
12.12. Germany Market
12.13. Germany eVTOL Aircraft Market, Forecast Market Growth, 2025 - 2031F Value ($ Million)
12.14. Germany eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 - 2031F, Value ($ Million)
12.15. Germany eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
12.16. Germany eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 - 2031F, Value ($ Million)
12.17. France Market
12.18. France Forecast Market Growth, 2025 -2031F Value ($ Million)
12.19. France eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
12.20. France eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
12.21. France eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
13. Eastern Europe Market
13.1. Market Overview
13.1.1. Region Information
13.1.2. Market Information
13.1.3. Background Information
13.1.4. Government Initiatives
13.1.5. Regulations
13.1.6. Regulatory Bodies
13.1.7. Major Associations
13.1.8. Taxes Levied
13.1.9. Corporate Tax Structure
13.1.10. Investments
13.1.11. Major Companies
13.2. Eastern Europe Forecast Market Growth, 2025 -2031F Value ($ Million)
13.3. Eastern Europe eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
13.4. Eastern Europe eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
13.5. Eastern Europe eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
13.6. Eastern Europe eVTOL Aircraft Market: Country Analysis
13.7. Russia Market
13.8. Russia Forecast Market Growth, 2025 -2031F Value ($ Million)
13.9. Russia eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
13.10. Russia eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
13.11. Russia eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
14. North America Market
14.1. Market Overview
14.1.1. Region Information
14.1.2. Market Information
14.1.3. Background Information
14.1.4. Government Initiatives
14.1.5. Regulations
14.1.6. Regulatory Bodies
14.1.7. Major Associations
14.1.8. Taxes Levied
14.1.9. Corporate Tax Structure
14.1.10. Investments
14.1.11. Major Companies
14.2. North America Forecast Market Growth, 2025 -2031F Value ($ Million)
14.3. North America eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
14.4. North America eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
14.5. North America eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
14.6. North America eVTOL Aircraft Market: Country Analysis
14.7. USA Market
14.8. Market Overview
14.8.1. Region Information
14.8.2. Market Information
14.8.3. Background Information
14.8.4. Government Initiatives
14.8.5. Regulations
14.8.6. Regulatory Bodies
14.8.7. Major Associations
14.8.8. Taxes Levied
14.8.9. Corporate Tax Structure
14.8.10. Investments
14.8.11. Major Companies
14.9. USA Forecast Market Growth, 2025 -2031F Value ($ Million)
14.10. USA eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
14.11. USA eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
14.12. USA eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
15. South America Market
15.1. Market Overview
15.1.1. Region Information
15.1.2. Market Information
15.1.3. Background Information
15.1.4. Government Initiatives
15.1.5. Regulations
15.1.6. Regulatory Bodies
15.1.7. Major Associations
15.1.8. Taxes Levied
15.1.9. Corporate Tax Structure
15.1.10. Investments
15.1.11. Major Companies
15.2. South America Forecast Market Growth, 2025 -2031F Value ($ Million)
15.3. South America eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
15.4. South America eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
15.5. South America eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
15.6. South America eVTOL Aircraft Market: Country Analysis
15.7. Brazil Market
15.8. Brazil Forecast Market Growth, 2025 -2031F Value ($ Million)
15.9. Brazil eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
15.10. Brazil eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
15.11. Brazil eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
16. Middle East Market
16.1. Market Overview
16.1.1. Region Information
16.1.2. Market Information
16.1.3. Background Information
16.1.4. Government Initiatives
16.1.5. Regulation
16.1.6. Regulatory Bodies
16.1.7. Association
16.1.8. Corporate Tax Structure
16.1.9. Investments
16.1.10. Major Companies
16.2. Middle East Forecast Market Growth, 2025 -2031F Value ($ Million)
16.3. Middle East eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
16.4. Middle East eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
16.5. Middle East eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
17. Africa Market
17.1. Market Overview
17.1.1. Region Information
17.1.2. Market Information
17.1.3. Background information
17.1.4. Government Initiatives
17.1.5. Regulations
17.1.6. Regulatory Bodies
17.1.7. Association
17.1.8. Taxes Levied
17.1.9. Corporate Tax Structure
17.1.10. Investments
17.1.11. Major Companies
17.2. Africa Forecast Market Growth, 2025 -2031F Value ($ Million)
17.3. Africa eVTOL Aircraft Market, Segmentation By Lift Technology, Forecast, 2025 -2031F, Value ($ Million)
17.4. Africa eVTOL Aircraft Market, Segmentation By Propulsion Type, Forecast, 2025 -2031F, Value ($ Million)
17.5. Africa eVTOL Aircraft Market, Segmentation By Application, Forecast, 2025 -2031F, Value ($ Million)
18. Competitive Landscape And Company Profiles
18.1. Company Profiles
18.2. Airbus SE
18.2.1. Company Overview
18.2.2. Products And Services
18.2.3. Business Strategy
18.2.4. Financial Overview
18.3. Textron Inc
18.3.1. Company Overview
18.3.2. Products And Services
18.3.3. Business Strategy
18.3.4. Financial Overview
18.4. Embraer SA
18.4.1. Company Overview
18.4.2. Products And Services
18.4.3. Business Strategy
18.4.4. Financial Overview
18.5. Wisk Aero
18.5.1. Company Overview
18.5.2. Products And Services
18.5.3. Business Strategy
18.5.4. Financial Overview
18.6. Volocopter GmbH
18.6.1. Company Overview
18.6.2. Products And Services
18.6.3. Business Strategy
18.6.4. Financial Overview
19. Key Mergers And Acquisitions
19.1. Aviation Acquired Avionyx
19.2. Air Greenland Acquired eVTOL Air Taxis from Avolon
19.3. Textron Inc Acquired Pipistrel Aircraft
19.4. Astro Acquired eVTOL Maker Horizon Aircraft
19.5. Joby Aviation Acquired Uber Elevate
20. Opportunities And Strategies
20.1. Global eVTOL Aircraft Market In 2026 - Growth Strategies
20.1.1. Market Trend Based Strategies
20.1.2. Competitor Strategies
21. eVTOL Aircraft Market, Conclusions And Recommendations
21.1. Conclusions
21.2. Recommendations
21.2.1. Product
21.2.2. Place
21.2.3. Price
21.2.4. Promotion
21.2.5. People
22. Appendix
22.1. Market Data Sources
22.2. Research Methodology
22.3. Currencies
22.4. About the Publisher
22.5. Copyright and Disclaimer
Executive Summary
eVTOL Aircraft Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global evtol aircraft market as it emerges from the COVID 19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider evtol aircraft market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics
- Key Trends
- Global Market Size and Growth
- Regional And Country Analysis
- Market Segmentation
- Regional Market Size and Growth
- Competitive Landscape
- Key Mergers and Acquisitions
- Market Opportunities And Strategies
- Conclusions And Recommendations
- Appendix
Scope
Markets Covered
1) By Lift Technology: Vectored Thrust; Multirotor; Lift Plus Cruise2) By Propulsion Type: Fully Electric; Hybrid Electric; Hydrogen Electric
3) By Mode Of Operation: Autonomous; Cement Industry; Semi-Automated; Piloted
4) By Application: Commercial; Military; Emergency Medical Services; Other Applications
Companies Mentioned: Airbus SE; Textron Inc.; Embraer SA; Wisk Aero; Volocopter GmbH
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Brazil; France; Germany; UK; Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; waste heat to power indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- Airbus SE
- Textron Inc.
- Embraer SA
- Wisk Aero
- Volocopter GmbH
Methodology
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