Advanced Air Mobility Market is projected to reach USD 9.0 billion by 2030

 

The global advanced air mobility market is projected to reach USD 9.0 billion by 2030 from USD 2.5 billion in 2020 at a CAGR of over 13% from 2021 to 2030.

 

Urban Air Mobility (UAM) is a new aviation industry name for on-demand and automated passenger or cargo-carrying air transportation services. It is a cutting-edge and cutting-edge means of transportation for avoiding traffic congestion on roads. AAM entails using electric vertical takeoff and landing (eVTOL) aircraft to transport cargo and people to locations that are currently inaccessible by current aviation or land transportation options.

 

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GROWTH DRIVERS

The rising demand for air transportation services, the soaring demand for alternative modes of transportation in advanced mobility for commercial applications, the increasing number of technological innovations in unmanned technology, the escalating R&D investments in the advanced air mobility industry, and the growing focus on environmental sustainability due to rapidly depleting natural resources.

 

Furthermore, in response to the rapidly increasing number of on-road passenger vehicles burning fossil fuels and rising pollution levels around the world, governments and technology companies in various regions, particularly in developed ones, have begun allocating funds and investing in advanced air mobility as a potentially applicable option for passenger and cargo transportation in the future.

 

Furthermore, significant technological improvements such as advances in battery capacity and autonomy of aerial vehicles, as well as burgeoning investments in startups, are expected to support the global market's growth in the coming years.

 

ADVANCED AIR MOBILITY MARKET SEGMENTATION

By Component

·         Infrastructure

·       Charging Stations

·       Vertiports

·       Air Traffic Management Facilities

·       Maintenance Facilities

Platform

·       Air Taxis

·       Air Shuttles and & Air Metro

·       Personal Air Vehicles

·       Cargo Air Vehicles

·       Air Ambulance & Medical Emergency Vehicles

·       Last-mile Delivery Vehicles

 

By Range

·         Intercity

·         Intracity

 

By Platform Operations

·         Piloted

·         Autonomous

·       Remotely/Optionally Piloted

·       Fully Autonomous

 

By Platform Architecture

·         Rotary Wing

·         Fixed-wing Hybrid

 

By End User

·         Ride Sharing Companies

·         Scheduled Operators

·         E-commerce Companies

·         Hospitals & Medical Agencies

·         Private Operators

 

By Unmanned Platform System

·         Aerostructures

·         Avionics

·         Electrical Systems

·         Propulsion Systems

·         Cabin Interiors

·         Software

 

By Region

·         North America

·          Europe

·         Asia Pacific

·         Middle East

·         Latin America

 

Infrastructure is predicted to develop at the fastest rate among the components throughout the forecast period of 2021-2030, owing to the increased deployment of eVTOL aircraft for intracity travel, which would increase the demand for infrastructure. Furthermore, by the end of the forecast period, the vertiports sub-segment is expected to have the greatest market share.

The fixed-wing hybrid segment is expected to grow at the fastest rate during the projected period, according to platform architecture. Fixed-wing hybrids have a higher level of stability than rotary-wing eVTOLs, which contributes to the segment's growth.

 

KEY COMPANIES IN ADVANCED AIR MOBILITY MARKET

·         Aurora Flight Sciences

·        Bell Helicopter Textron Inc.

·        Delorean Aerospace LLC

·        Neva Aerospace

·        Wisk Aero

·        Lilium

·        Kitty Hawk

·        EHang

·        Jaunt Air Mobility

·        Volocopter

·        Uber Technologies Inc.

·        Airbus SE

·        The Boeing Company

·        Safran SA

·        Other Players

 

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

 

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