Global Advanced Air Mobility Market

Advanced Air Mobility Market Size, Share, Growth Analysis, By Component, By Product, By Type, By Maximum Take-off Weight, By Mode Of Operation, By Propulsion Type, By Range, By Application, By End-user, By Region - Industry Forecast 2025-2032


Report ID: SQMIG20A2282 | Region: Global | Published Date: December, 2024
Pages: 194 | Tables: 87 | Figures: 71

Advanced Air Mobility Market Dynamics

Drivers

Rise of Advanced Air Mobility Solutions

  • There is an up rise in demand for the global advanced air mobility market with regards to urban transportation systems, in order to include solutions to excessive traffic. With the expansion of cities, ground transportation systems age incapable of expanding, creating the demand for quicker and efficient transport systems that operate above the men non-elevated transportation, like eVTOLs and air taxis, to ease the urban mobility.

Accelerated Adoption of Sustainable Electric and Hybrid Aircraft

  • The increasingly important issue of sustainability and cutting down carbon emissions. There is a worldwide renaissance where governments and industries are channeling their investments towards the production of electric and hybrid airplanes aimed at achieving climate targets. Such cleaner and energy efficient means of air transport are encouraging faster development and consequently advancements in the use of advanced air mobility.

Restraints

Public Skepticism and Safety Concerns

  • The global advanced air mobility market is public skepticism and safety concerns. A fear of crashes, malfunctions, and system trustworthiness among potential customers, especially in the case of new aerial transport technologies such as autonomous systems makes it quite difficult for consumers to accept new technologies and may also limit market growth.

Infrastructure Challenges for Advanced Air Mobility Integration

  • The provisioning of supporting structures for AAM activities, including vertiports, charging points, and air traffic control systems, remains few. The lack of this specific operational facility poses challenges to the acceptance of AAM into the existing urban transportation modalities making it further cumbersome in the wide adoption and operational effectiveness of the air mobility solutions.
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FAQs

Advanced Air Mobility Market size was valued at USD 12.65 Billion in 2023 and is poised to grow from USD 15.76 Billion in 2024 to USD 19.65 Billion by 2032, growing at a CAGR of 24.6% during the forecast period (2025-2032).

The competition within the global advanced air mobility market is generally built on engagements and creativity of its very players. The main highlights are Joby Aviation, Archer Aviation, Volocopter, and Boeing which are all working on electric vertical take-off and landing (eVTOL) aircrafts and related technologies. Also, closing of aerospace industries, tech entry businesses and regulatory bodies is paramount to the growth of AAM solutions. This fast evolving scenario is the one making rapid developments and urban air mobility the focus of attention all over the world. 'Aurora Flight Sciences ', 'Bell Textron Inc. ', 'The Boeing Company ', 'Guangzhou EHang Intelligent Technology Co. Ltd. ', 'Embraer S.A. ', 'Joby Aviation ', 'Lilium GmbH ', 'Neva Aerospace ', 'Opener, Inc. ', 'Pipistrel  ', 'Terrafugia ', 'Vertical Aerospace Group Ltd. ', 'Volocopter GmbH ', 'Wisk Aero ', 'Archer Aviation ', 'Beta Technologies ', 'Supernal ', 'Overair ', 'Eve Air Mobility ', 'Elroy Air '

There is an up rise in demand for the global advanced air mobility market with regards to urban transportation systems, in order to include solutions to excessive traffic. With the expansion of cities, ground transportation systems age incapable of expanding, creating the demand for quicker and efficient transport systems that operate above the men non-elevated transportation, like eVTOLs and air taxis, to ease the urban mobility.

Rise of Electric and Sustainable Aviation Technologies: The global advanced air mobility market is progressively emphasizing more on electric and hybrid aircraft technologies in order to meet the goals of sustainability. Most major players are sinking their resources into eVTOL due to the urgency of green transportation and controlling the levels of carbon emissions in urban air mobility.

The AAM market in North America, and especially the US, is the largest in the world, which can be attributed to the development of key aerospace infrastructures, active investments in technological innovations, as well as the existing policies and regulations that favor the induction of new aviation technologies. The US contains several AAM related companies and state of the art research centers that augment the use of electric vertical take-off and landing aircraft, artificial intelligence navigation systems and autonomous systems. Additionally, proactive involvement from the Federal Aviation Administration (FAA) in developing regulations for urban air mobility and the presence of key players such as Boeing and Joby Aviation further solidify the region’s leadership in accelerating AAM commercialization and adoption.

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Global Advanced Air Mobility Market

Report ID: SQMIG20A2282

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