Advanced Air Mobility Trends and Forecast
The future of the global advanced air mobility market looks promising with opportunities in the commercial and government & military markets. The global advanced air mobility market is expected to reach an estimated $37.8 billion by 2030 with a CAGR of 23.4% from 2024 to 2030. The major drivers for this market are advancements and progress in electrical propulsion systems and trend of quick transportation and fast cargo delivery to customers.
• Lucintel forecasts that, within the application category, cargo transport will remain the largest segment over the forecast period due to the swift and effective delivery of products to customersÄX%$%X residences.
• Within the end-use category, the commercial will remain the largest segment due to the increasing popularity of aerial deliveries among e-commerce enterprises.
• In terms of regions, North America is expected to witness the highest growth over the forecast period due to the U.S. aviation and defense sector experiencing a rising embrace of AAM solutions, notably through the utilization of drone technology.
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Emerging Trends in the Advanced Air Mobility Market
The advanced air mobility market is witnessing several emerging trends that shape its future landscape:
• Sustainability focus: Increased emphasis on electric and hybrid technologies to minimize carbon footprints and enhance environmental sustainability.
• Urban air mobility: Growing interest in air taxis and urban logistics solutions to alleviate congestion in metropolitan areas.
• Autonomous operations: Development of autonomous flight systems enables pilotless operations for both passenger and cargo transport.
• Regulatory frameworks: Governments are establishing regulations to ensure safety and the integration of advanced air mobility into existing air traffic systems.
• Public-private partnerships: Collaborations between governments and private firms accelerate research, development, and infrastructure deployment.
• Infrastructure development: Investment in vertiports and charging stations supports the operational needs of eVTOLs and other aerial vehicles.
These emerging trends reflect a transformative shift towards integrating advanced air mobility into everyday transport solutions, driven by sustainability and innovation.
Recent Developments in the Advanced Air Mobility Market
The advanced air mobility market has seen various recent developments that highlight its growth potential:
• Successful flight tests: Companies worldwide are conducting successful eVTOL flight tests, paving the way for commercial operations.
• Regulatory advancements: Many governments are working on regulations to facilitate advanced air mobility integration, enhancing safety and operational clarity.
• Investment surge: Significant investments from venture capital and government funds are being funneled into advanced air mobility startups and projects.
• Pilot programs: Cities are launching pilot programs for air taxi services to evaluate feasibility and public interest.
• Technological innovations: Ongoing advancements in battery technology and materials science improve the efficiency and safety of eVTOLs.
• Global collaborations: International partnerships are forming to share knowledge and best practices in advanced air mobility development and implementation.
Recent developments indicate a rapidly maturing advanced air mobility market, characterized by technological advancements and increasing governmental support.
Strategic Growth Opportunities for Advanced Air Mobility Market
The advanced air mobility market presents several strategic growth opportunities across various applications:
• Urban air taxis: Developing air taxi services in densely populated urban areas addresses traffic congestion and improves accessibility.
• Cargo drones: Utilizing drones for last-mile delivery solutions, especially in e-commerce and logistics sectors, can streamline operations.
• Emergency services: Implementing advanced air mobility solutions for medical emergencies and disaster relief provides rapid response capabilities.
• Tourism and recreation: Exploring aerial tourism opportunities, including scenic flights and aerial experiences for tourists.
• Infrastructure development: Investing in vertiports and charging infrastructure supports the operational needs of eVTOL and drone services.
• Military and defense applications: Expanding advanced air mobility technologies for military logistics, reconnaissance, and personnel transport operations.
The strategic growth opportunities in the advanced air mobility market are vast, driven by technological advancements and the need for innovative transport solutions.
Advanced Air Mobility Market Driver and Challenges
The advanced air mobility market is influenced by various drivers and challenges that shape its growth trajectory.
The factors driving the advanced air mobility market include:
• Technological innovation: Rapid advancements in eVTOL technology enhance the feasibility and safety of advanced air mobility solutions.
• Urbanization: Increasing urbanization and traffic congestion drive the need for alternative transportation methods.
• Environmental concerns: Growing awareness of climate change and sustainability promotes the adoption of electric aerial transport.
• Government support: Regulatory frameworks and financial incentives from governments accelerate market growth.
• Consumer demand: Rising consumer interest in convenient and efficient transportation options fuels investments in advanced air mobility.
Challenges in the advanced air mobility market are:
• Regulatory hurdles: The lack of clear regulatory frameworks can hinder the rapid deployment of advanced air mobility services.
• Safety concerns: Ensuring safety in the operation of eVTOLs and drones remains a significant challenge.
• Infrastructure limitations: The absence of adequate infrastructure, such as vertiports, can impede market growth.
• Public perception: Gaining public trust and acceptance of advanced air mobility technologies is crucial for widespread adoption.
• High development costs: The significant investment required for research, development, and infrastructure can be a barrier for new entrants.
Understanding the drivers and challenges in the advanced air mobility market is essential for stakeholders aiming to navigate this dynamic landscape effectively.
List of Advanced Air Mobility Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. Through these strategies advanced air mobility companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the advanced air mobility companies profiled in this report include-
• Airbus
• Aurora Flight Sciences
• Com 3Bell Textron
• The Boeing Company
• Guangzhou EHang Intelligent Technology
• Embraer
• Joby Aviation
• Lilium
• Neva Aerospace
• Opener
Advanced Air Mobility by Segment
The study includes a forecast for the global advanced air mobility market by type, product, application, end use, and region.
Advanced Air Mobility Market by Type [Analysis by Value from 2018 to 2030]:
• Air Taxis
• Drones
• Others
Advanced Air Mobility Market by Product [Analysis by Value from 2018 to 2030]:
• Fixed Wing
• Rotary Blade
• Hybrid
Advanced Air Mobility Market by Application [Analysis by Value from 2018 to 2030]:
• Cargo Transport
• Passenger Transport
• Mapping & Surveying
• Special Mission
• Surveillance & Monitoring
• Others
Advanced Air Mobility Market by End Use [Analysis by Value from 2018 to 2030]:
• Commercial
• Government & Military
Advanced Air Mobility Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Advanced Air Mobility Market
Major players in the market are expanding their operations and forming strategic partnerships to strengthen their positions. The content below highlights recent developments by advanced air mobility providers in key regions: the USA, Germany, China, India, and Japan.
• USA: In the United States, the advanced air mobility market is rapidly evolving, driven by significant investments from both the government and private sectors. Recently, companies like Joby Aviation and Archer have made headlines with their successful flight tests of electric vertical takeoff and landing aircraft. The Federal Aviation Administration is actively working on regulatory frameworks to facilitate the safe integration of these aircraft into existing airspace. Additionally, urban air mobility initiatives in cities like Los Angeles and Dallas are exploring air taxi services, highlighting the growing interest in aerial transportation solutions as part of urban planning.
• Germany: Germany is emerging as a key player in the advanced air mobility sector, with significant support from both industry and government. The country recently launched initiatives to develop eVTOL technology and establish a framework for urban air mobility. Companies such as Lilium and Volocopter are at the forefront, conducting flight tests and collaborating with city authorities to implement air taxi services. Furthermore, the German government is investing in infrastructure development, including vertiports, to support the operation of eVTOLs. The focus on sustainable mobility solutions is evident as these companies aim to reduce carbon footprints and enhance urban transport efficiency.
• China: China is rapidly advancing its advanced air mobility capabilities, with the government actively promoting the development of eVTOL aircraft and related technologies. Recently, companies like EHang have successfully completed trials of autonomous aerial vehicles, aiming for commercial operations in urban areas. The Chinese government has announced plans to integrate advanced air mobility into its broader transportation strategy, focusing on urban air logistics and passenger transport. Investment in infrastructure, such as vertiports and air traffic management systems, is also a priority to support the anticipated growth in aerial transportation. The combination of technological innovation and government backing positions China as a strong competitor in the global advanced air mobility market.
• India: India is beginning to explore the potential of advanced air mobility, particularly in response to urban congestion and the need for efficient transport solutions. Recent developments include government discussions on regulatory frameworks for eVTOL operations and potential partnerships with private companies to develop local advanced air mobility technologies. Cities like Bengaluru and Mumbai are being targeted for pilot projects to assess the viability of air taxis and cargo drones. The emphasis on sustainable and efficient transport solutions is driving interest in the advanced air mobility sector, and with increasing investments, India aims to leverage its technological talent to become a key player in the market.
• Japan: Japan is actively pursuing advanced air mobility initiatives, focusing on eVTOL aircraft and the integration of aerial transport into urban areas. Recent developments include partnerships between government agencies and private companies, such as the collaboration between Airbus and Japanese manufacturers to develop local eVTOL technologies. The Japanese government has announced its intention to establish a regulatory framework by 2023 to support the commercialization of advanced air mobility services. Additionally, cities like Tokyo are exploring the feasibility of air taxi services, highlighting JapanÄX%$%Xs commitment to embracing innovative transport solutions to address urban mobility challenges.
Features of the Global Advanced Air Mobility Market
Market Size Estimates: Advanced air mobility market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Advanced air mobility market size by various segments, such as by type, product, application, end use, and region in terms of value ($B).
Regional Analysis: Advanced air mobility market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, product, application, end use, and regions for the advanced air mobility market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the advanced air mobility market.
Análisis de la intensidad competitiva de la industria basada en el modelo de cinco fuerzas de Porter.
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Preguntas frecuentes
Q1. What is the advanced air mobility market size?
Answer: The global advanced air mobility market is expected to reach an estimated $37.8 billion by 2030.
Q2. What is the growth forecast for advanced air mobility market?
Answer: The global advanced air mobility market is expected to grow with a CAGR of 23.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the advanced air mobility market?
Answer: The major drivers for this market are advancements and progress in electrical propulsion systems and trend of quick transportation and fast cargo delivery to customers.
Q4. What are the major segments for advanced air mobility market?
Answer: The future of the advanced air mobility market looks promising with opportunities in the commercial and government & military markets.
Q5. Who are the key advanced air mobility market companies?
Answer: Some of the key advanced air mobility companies are as follows:
Q6. Which advanced air mobility market segment will be the largest in future?
Answer: Lucintel forecasts that cargo transport will remain the largest segment over the forecast period due to swift and effective delivery of products to customersÄX%$%X residences.
Q7. In advanced air mobility market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to U.S. aviation and defense sector is experiencing a rising embrace of AAM solutions, notably through the utilization of drone technology.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the advanced air mobility market by type (air taxis, drones, and others), product (fixed wing, rotary blade, and hybrid), application (cargo transport, passenger transport, mapping & surveying, special mission, surveillance & monitoring, and others), end use (commercial and government & military), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?