Advanced Air Mobility Market - By Component (Hardware, Software), By Application (Cargo Transport, Passenger Transport, Mapping & Surveying, Special Mission, Surveillance & Monitoring), By Type, By Operating Mode, By Propulsion Type, By End Use & Forecast – 2032
Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Aerospace | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationAdvanced Air Mobility Market - By Component (Hardware, Software), By Application (Cargo Transport, Passenger Transport, Mapping & Surveying, Special Mission, Surveillance & Monitoring), By Type, By Operating Mode, By Propulsion Type, By End Use & Forecast – 2032
Advanced Air Mobility Market - By Component (Hardware, Software), By Application (Cargo Transport, Passenger Transport, Mapping & Surveying, Special Mission, Surveillance & Monitoring), By Type, By Operating Mode, By Propulsion Type, By End Use & Forecast – 2032
Advanced Air Mobility Market Size
Advanced Air Mobility Market size was valued at USD 8.2 billion in 2022 and is anticipated to grow at a CAGR of over 20% between 2023 and 2032. The growing focus on reducing carbon emissions and combating climate change is a major factor driving the Advanced Air Mobility (AAM) market growth.
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Hey there! There's a cool solution in the works to help fight air pollutionelectric and hybrid-electric aircraft. They can cut down on harmful emissions a lot. Plus, these new aircraft can fly more efficiently than the old ones, which helps reduce their impact on our environment even more. Now, let's talk numbers. Airplanes right now are responsible for a good chunk of the world's greenhouse gases, about 2%. So, lots of governments are saying, "Hey, we need to start cutting back on this!" This is where Advanced Air Mobility (AAM) comes in. These aircraft have the power to reduce emissions and help us tackle climate change. But that's not all. People are getting more and more interested in protecting the environment, so that's another reason why AAM is becoming a big deal. In short, AAM is a green solution that can help us breathe easier and protect our planet. It's definitely going to be making waves in the years to come.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Advanced Air Mobility Market Size in 2022 | USD 8.2 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 20% |
| 2032 Value Projection | USD 50 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 200 |
| Tables, Charts & Figures | 462 |
| Segments covered | Component, Application, Type, Operating Mode, Propulsion Type, End-user and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
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Advanced air mobility refers to a cutting-edge aviation concept focused on developing and implementing electric or hybrid-electric Vertical Take-Off and Landing (eVTOL) aircraft for urban & regional transportation. AAM aims to revolutionize passenger & cargo mobility by providing efficient, sustainable, and low-altitude flight options, potentially reducing congestion & environmental impacts in densely populated areas while offering faster and more convenient transportation alternatives.
The advanced air mobility market is expected to grow rapidly in the coming years. However, it will face competition from other modes of transportation, such as helicopters, Personal Air Vehicles (PAVs), and electric Vertical Take-Off and Landing (eVTOL) aircraft. To gain success, AAM vehicles must be more affordable, efficient, and safe compared to other modes of transportation. They should also be able to integrate into existing airspace and transportation systems.
COVID-19 Impact
The COVID-19 pandemic threw a wrench into the works of developing flying taxis and other air mobility projects. Airlines were already struggling, so funding dried up and projects got put on hold. People couldn't travel as much, which meant less demand for new aircraft and less opportunity to test out electric planes that take off and land vertically. On top of that, factories couldn't get the parts they needed, which slowed down production even more. Governments had to focus on keeping people healthy and the economy afloat, so they didn't have time to create the rules and regulations needed for air mobility to really take off. All in all, the pandemic put a big damper on the progress of flying taxis and other air mobility projects.
Advanced Air Mobility Market Trends
The advanced air mobility industry is experiencing a notable upward trend. Increased investments from both traditional aerospace giants and startups have fueled innovation in electric Vertical Take-Off and Landing (eVTOL) aircraft. Partnerships between tech companies and aviation firms are facilitating the development of urban air mobility solutions. Governments are showing a high interest in regulatory frameworks to support AAM, leading to clearer paths for commercialization. Growing environmental concerns and traffic congestion in urban areas are driving the demand for AAM as a solution for efficient, sustainable transportation.
Advanced Air Mobility Market Analysis
Learn more about the key segments shaping this market
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Imagine flying vehicles transforming industries and solving everyday challenges. The advanced air mobility (AAM) market has different uses, likeCargo transportMoving goods quickly and efficiently. Passenger transport Getting people from A to B in a whole new way. Mapping & surveyingCreating detailed maps and images from the sky. Special missions Handling specific tasks, like search and rescue. Surveillance & monitoring Keeping an eye on things from up high. This last one, surveillance and monitoring, is huge! It's worth billions of dollars and is only expected to grow. Why? Because it's like having a team of super-smart flying cameras that canEnsure safetyWatching over events, cities, and infrastructure. Protect security Keeping an eye out for threats and suspicious activity. Help businesses run smoothlyMonitoring operations, preventing accidents, and optimizing everything. Support emergency response Guiding first responders during disasters and crises. Assist law enforcement Tracking suspects, preventing crime, and keeping our communities safe. Governments are realizing how important safety is in AAM operations. So, they're pushing for better surveillance and monitoring tech. This is fueling innovation and investment in this area, leading to even more cutting-edge ways to keep an eye on things from the sky.
Learn more about the key segments shaping this market
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Hey, let's talk about this thing called advanced air mobility. It's basically like a new way to get around using flying things like air taxis and drones. Drones have been pretty popular in this market, taking up over 60% of it last year. They're expected to make a whopping $35 billion bucks by 2032. Why are drones so cool? Well, they can do a lot of different things. They can take pictures of stuff from the air, deliver packages, and even keep an eye on things. They've gotten even better with new tech, like batteries that last longer and systems that help them fly on their own. And guess what? People are using drones for all sorts of stuff, like delivering things to your doorstep and checking out how well buildings are holding up. As air taxis become more common in cities, drones are going to be a big part of making them work even better. They're like the backbone of the advanced air mobility industry.
Looking for region specific data?
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Picture thisNorth America was like the boss of the air mobility market in 2022, owning over 35% of the pie. And when it comes to aerospace and defense, North America is like the backbone. These systems are like the intricate plumbing of aircrafts, space shuttles, and military gear. Think pipes, hoses, valves, and connectors – all playing together to move stuff like fuel, oils, and gases. North America's got a killer aerospace and defense industry, so it's no wonder they're the go-to place for engineering and building these fluid conveyance systems. In countries like the U.S. and Canada, big-shot aerospace and defense companies and tons of specialized manufacturers are constantly coming up with new and amazing tech for these systems. But don't get it twisted, it's not about just making cool stuff. These systems have to be safe and dependable as can be. After all, we're talking about planes, spaceships, and war machines here. So, they make sure these systems meet the highest standards.
Advanced Air Mobility Market Share
The advanced air mobility market is highly competitive owing to the presence of key players such as
- Airbus S.A.S.
- 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 (Textron Inc.)
- Terrafugia
- Vertical Aerospace Group Ltd.
- Volocopter GmbH
- Wisk Aero
- Workhorse Group, Inc
Growing investments in facility centers & acquisitions will increase the foothold of industry participants in the commercial industry. Significant investments in R&D to gain technological competitiveness and aggressive business strategies including technological launches, collaborations & long-term agreements with clients to capture the market share are positively impacting the market.
Advanced Air Mobility Industry News
- In June 2023, Honeywell Technology Solutions launched an Advanced Air Mobility Lab dedicated to drone testing in Madurai (India). The company views the drone sector as a huge market opportunity in the country, especially from a defense drone perspective.
The advanced air mobility market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Million) from 2018 to 2032, for the following segmentsClick here to Buy Section of this Report
By Component
- Hardware
- Aerostructure
- Avionics
- Flight Control System
- Propulsion System
- Others
- Software
By Application
- Cargo Transport
- Passenger Transport
- Mapping & Surveying
- Special Mission
- Surveillance & Monitoring
- Others
By Type
- Air Taxis
- Drones
- Others
By Operating Mode
- Piloted
- Autonomous
By Propulsion Type
- Gasoline
- Electric
- Hybrid
By End Use
- Commercial
- Government & Military
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- MEA
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast calculation
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
Chapter 2 Executive Summary
2.1 Advanced air mobility market 360º synopsis, 2018 - 2032
2.2 Business trends
2.3 Regional trends
2.4 Component trends
2.5 Application trends
2.6 Type trends
2.7 Operating mode trends
2.8 Propulsion Type trends
2.9 End-user trends
Chapter 3 Advanced Air Mobility Market Industry Insights
3.1 Impact of COVID-19
3.2 Impact of the Russia-Ukraine war
3.3 Industry ecosystem analysis
3.4 Vendor matrix
3.5 Profit margin analysis
3.6 Technology & innovation landscape
3.7 Patent analysis
3.8 Key news and initiatives
3.8.1 Partnership/Collaboration
3.8.2 Merger/Acquisition
3.8.3 Investment
3.8.4 Product launch & innovation
3.9 Regulatory landscape
3.10 Impact forces
3.10.1 Growth drivers
3.10.1.1 Rapid urbanization and increasing traffic congestion
3.10.1.2 Growing focus on reducing carbon emissions and combating
3.10.1.3 Investments in AAM infrastructure
3.10.1.4 Increasing demand for efficient and rapid intra-city transportation
3.10.2 Industry pitfalls & challenges
3.10.2.1 The airspace and regulations governing traditional aircraft
3.10.2.2 Competition with other means of transport
3.11 Growth potential analysis
3.12 Porter’s analysis
3.13 PESTEL analysis
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Company market share, 2022
4.3 Competitive analysis of major market players, 2022
4.3.1 Company 1
4.3.2 Company 2
4.3.3 Company 3
4.3.4 Company 4
4.3.5 Company 5
4.3.6 Company 6
4.3.7 Company 7
4.4 Competitive positioning matrix, 2022
4.5 Strategic outlook matrix, 2022
Chapter 5 Advanced air mobility market Estimates & Forecast, By Component (USD Million)
5.1 Key trends, by component
5.2 Hardware
5.2.1 Aerostructure
5.2.2 Avionics
5.2.3 Flight Control System
5.2.4 Propulsion System
5.2.5 Others
5.3 Software
Chapter 6 Advanced air mobility market Estimates & Forecast, By Application (USD Million)
6.1 Key trends, by application
6.2 Cargo Transport
6.3 Passenger Transport
6.4 Mapping & Surveying
6.5 Special Mission
6.6 Surveillance & Monitoring
6.7 Others
Chapter 7 Advanced Air Mobility Market Estimates & Forecast, By Type (USD Million)
7.1 Key trends, by type
7.2 Air Taxis
7.3 Drones
7.4 Others
Chapter 8 Advanced Air Mobility Market Estimates & Forecast, By Operating Mode (USD Million)
8.1 Key trends, by operating mode
8.2 Piloted
8.3 Autonomous
Chapter 9 Advanced Air Mobility Market Estimates & Forecast, By Propulsion Type (USD Million)
9.1 Key trends, by propulsion type
9.2 Gasoline
9.3 Electric
9.4 Hybrid
Chapter 10 Advanced Air Mobility Market Estimates & Forecast, By End-user (USD Million)
10.1 Key trends, by end-user
10.2 Commercial
10.3 Government & Military
Chapter 11 Advanced Air Mobility Market Estimates & Forecast, By Region (USD Million)
11.1 Key trends, by region
11.2 North America
11.2.1 U.S.
11.2.2 Canada
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 Rest of Europe
11.4 Asia Pacific
11.4.1 China
11.4.2 India
11.4.3 Japan
11.4.4 South Korea
11.4.5 ANZ
11.4.6 Rest of Asia Pacific
11.5 Latin America
11.5.1 Brazil
11.5.2 Mexico
11.5.3 Rest of Latin America
11.6 MEA
11.6.1 Saudi Arabia
11.6.2 UAE
11.6.3 South Africa
11.6.4 Rest of MEA
Chapter 12 Company Profiles
12.1 Airbus S.A.S.
12.2 Aurora Flight Sciences
12.3 Bell Textron Inc.
12.4 The Boeing Company
12.5 Guangzhou EHang Intelligent Technology Co. Ltd.
12.6 Embraer S.A.
12.7 Joby Aviation
12.8 Lilium GmbH
12.9 Neva Aerospace
12.10 Opener, Inc.
12.11 PIPISTREL (Textron Inc.)
12.12 Terrafugia
12.13 Vertical Aerospace Group Ltd.
12.14 Volocopter GmbH
12.15 Wisk Aero
12.16 Workhorse Group, Inc.
- Airbus S.A.S.
- 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 (Textron Inc.)
- Terrafugia
- Vertical Aerospace Group Ltd.
- Volocopter GmbH
- Wisk Aero
- Workhorse Group, Inc
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