Advanced Air Mobility Market Size is estimated to grow at a CAGR of 13% during the forecast period

 

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. 

Advanced air mobility, also known as Urban Air Mobility (UAM), is a phrase recently coined in the aviation industry to describe automated, on-demand air transportation services that can carry passengers or goods. It is an extremely sophisticated and creative way to get around traffic jams on the roadways. To convey people and freight between locations that are currently difficult for current aviation or land transportation modes to reach, AAM uses electric vertical takeoff and landing (eVTOL) aircraft.

 

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AAM systems provide in-flight amenities that facilitate individuals' travel to cities and other remote locations in the least amount of time. AAMs, which presently range in size from single-passenger aircraft to large shuttles, provide numerous benefits, including reduced travel times, lower pollution levels, improved mobility alternatives, and low-noise vertical flights.

GROWTH DRIVERS

The leading factors propelling the growth of the global advanced air mobility market are the rapidly increasing traffic congestion issues brought on by an aging global population, the growing demand for air transportation services, the soaring demand for alternative modes of transportation in advanced mobility for commercial applications, the growing number of technological innovations in unmanned technology, the rising R&D investments in the advanced air mobility industry, the growing focus on environmental sustainability due to the rapidly depleting natural resources, and the growing need for enhanced air mobility due to the propelling concerns pertaining to human safety.

Further factors that are expected to create ample growth opportunities for the advanced air mobility market during the forecast period include the growing use of UAVs in various civil and commercial applications, the aerospace giants focused on developing prototypes for evaluation across different regions, the increasing replacement of small manned aircraft with drones coupled with the rising technological developments for human-free operations, the growing demand from consumers in the e-commerce industry for faster package delivery, and the growing number of commercial applications of autonomous eVITOls that have enhanced the production of autonomous aircrafts.

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

 

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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