Advanced Air Mobility Market Size 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. 

The idea of on-demand and automated passenger or cargo-carrying air transportation services is known as advanced air mobility, often known as urban air mobility (UAM). It is an extremely sophisticated and cutting-edge method of transportation to avoid clogged roadways. AAM involves using electric vertical takeoff and landing (eVTOL) aircraft to convey people and freight between locations that are currently difficult to reach by current ground or air transportation methods.

                                                            

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AAM systems use in-flight services that make it simpler for individuals to travel to cities and other remote locations in the smallest amount of time. Reduced travel times, lower pollution levels, improved mobility alternatives, and low-noise vertical flights are just a few of the many benefits provided by AAMs, which currently include everything from small shuttles to big aeroplanes.

GROWTH DRIVERS

Rising demand for air transportation services, soaring demand for advanced mobility alternatives for commercial applications, an increase in technological innovations in unmanned technology, rising R&D investments in the advanced air mobility industry, and a growing emphasis on environmental sustainability because nascent resources are being used up so quickly are just a few of the factors that are contributing to the rapidly increasing traffic congestion issues.

Additionally, governments and technology firms worldwide, particularly in developed ones, have begun allocating funds and investing in advanced air mobility as a potentially useful option for passenger and cargo transport in the future. This is due to the rapidly growing number of on-road passenger vehicles burning fossil fuels and the rising pollution levels globally. As a result, cities all over the world are developing their AAM platform infrastructure quickly, which has a huge positive impact on the expansion of the global market.

 

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However, due to social, technological, political, economic, and legal factors, the adoption of these systems has been limited, resulting in high manufacturing costs, an increase in the number of stringent regulatory procedures, high energy consumption, and limited market growth during the forecast period.

ADVANCED AIR MOBILITY MARKET SEGMENTATION

By Component

·         Infrastructure

o   Charging Stations

o   Vertiports

o   Air Traffic Management Facilities

o   Maintenance Facilities

·         Platform

o   Air Taxis

o   Air Shuttles and & Air Metro

o   Personal Air Vehicles

o   Cargo Air Vehicles

o   Air Ambulance & Medical Emergency Vehicles

o   Last-mile Delivery Vehicles

By Range

·         Intercity

·         Intracity

 

By Platform Operations

·         Piloted

·         Autonomous

o   Remotely/Optionally Piloted

o   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

 

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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