Advanced Air Mobility Market Size, Trends and Insights By Propulsion Type (Parallel Hybrid, Electric, Turboshaft, Turboelectric), By Mode of Operation (Piloted, Autonomous), By End-Use (Cargo, Passenger), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032


Report Code: CMI27344

Published Date: July 2023

Pages: 220+

Category: Automotive

Report Snapshot

CAGR: 35.2%
8.2B
2022
14.1B
2023
68.1B
2032

Source: CMI

Study Period: 2023-2032
Fastest Growing Market: Asia-Pacific
Largest Market: Europe

Major Players

  • Joby Aviation
  • Volocopter
  • eHang
  • Urban Aeronautics
  • Lilium
  • A³ by Airbus
  • Others

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Reports Description

As per the current market research conducted by CMI Team, the global Advanced Air Mobility Market is expected to record a CAGR of 35.2% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 8.2 billion. By 2032, the valuation is anticipated to reach USD 68.1 billion.

5 Advanced Air Mobility Specifications

Company Vehicle Range Speed Passengers Status
Joby Aviation eVTOL 150 miles 200 mph 4 In development
Archer Aviation eVTOL 60 miles 150 mph 2 In development
Vertical eVTOL 150 miles 200 mph 5 In development
Lilium eVTOL 150 miles 180 mph 5 In development
Eve Urban Air Mobility eVTOL 100 miles 200 mph 4 In development
Source: According to CMI Market Research Team Analysis

The Advanced Air Mobility (AAM) market is an emerging sector in aviation that centres on developing and integrating electric and autonomous aircraft for urban and regional transportation. This market involves various stakeholders, such as manufacturers, technology firms, service providers, and government entities, collaborating to transform air transportation and offer innovative mobility solutions.

The AAM market is characterized by continuous technological advancements in electric propulsion, autonomous flight capabilities, and smart infrastructure. It emphasizes sustainability, safety, and efficient transportation solutions to address urban congestion and environmental concerns.

Key trends in the AAM market include a strong emphasis on sustainability, the integration of autonomous technologies, increased government support, strategic partnerships between established players and startups, and the development of innovative air mobility services. These trends shape the market’s growth and pave the way for a transformative future of urban air transportation.

Advanced Air Mobility Market – Significant Growth Factors

The Advanced Air Mobility Market presents significant growth opportunities due to several factors:

  • Urban Congestion and Traffic Woes: The increasing urbanization and traffic congestion in major cities have intensified the need for alternative transportation solutions. Advanced Air Mobility offers the potential to alleviate ground congestion by providing aerial transportation, which is faster and more efficient, driving the demand for AAM solutions.
  • Environmental Sustainability: The aviation industry’s environmental impact has led to a growing emphasis on sustainable transportation options. AAM’s electric and hybrid-electric aircraft promise reduced carbon emissions and noise pollution, making it an attractive choice for environmentally conscious consumers and governments seeking eco-friendly mobility solutions.
  • Technological Advancements: Ongoing advancements in electric propulsion systems, battery technologies, and autonomous flight capabilities are fuelling the growth of the AAM market. These technological developments enable the creation of efficient, safe, and cost-effective aerial mobility solutions, driving increased interest and investment in the sector.
  • New Urban Mobility Ecosystems: AAM presents opportunities to establish new urban mobility ecosystems, where aerial transportation integrates seamlessly with existing transportation infrastructure. Developing efficient aerial routes and infrastructure, along with smart mobility integration, can enhance urban connectivity and accessibility.
  • Air Cargo and Logistics: AAM offers promising opportunities for the transportation of goods and cargo. Expanding the use of autonomous and electric aircraft for cargo delivery can revolutionize the logistics industry, providing faster and more flexible transportation of goods, especially in challenging terrains or remote areas.
  • Air Taxi and Ride-Sharing Services: AAM enables the emergence of on-demand air taxis and ride-sharing services, transforming how people commute within and between cities. The development of affordable and convenient air mobility services can revolutionize urban transportation, providing time-saving and efficient travel options for passengers.

Advanced Air Mobility Market – Mergers and Acquisitions

The Advanced Air Mobility Market has seen several mergers and acquisitions in recent years, with companies seeking to expand their market presence and leverage synergies to improve their product offerings and profitability. Some notable examples of mergers and acquisitions in the Advanced Air Mobility Market include:

  • Joby Aviation and Toyota: In January 2020, Joby Aviation, a leading AAM company, secured a significant partnership with Toyota to collaborate on the development and commercialization of electric vertical takeoff and landing (eVTOL) aircraft. The partnership aimed to leverage Toyota’s automotive expertise and Joby Aviation’s AAM technology to accelerate the adoption of urban air mobility solutions.
  • Wisk Aero and New Zealand Government: In October 2019, Wisk Aero, a joint venture between Boeing and Kitty Hawk, partnered with the New Zealand government to conduct an on-demand urban air mobility trial. The partnership focused on integrating Wisk Aero’s autonomous eVTOL aircraft into New Zealand’s transportation ecosystem to explore new mobility solutions.
  • Hyundai Motor and Urban Airport: In February 2021, Hyundai Motor acquired a stake in Urban Air Port, a company specializing in developing urban air mobility infrastructure. The acquisition allowed Hyundai to explore advanced infrastructure solutions for AAM, including eVTOL landing and charging stations, to support the future growth of air mobility services.
  • EHang and Yunfu City Government: In February 2021, EHang, an autonomous aerial vehicle (AAV) company, partnered with the Yunfu City government in China to establish an urban air mobility pilot city. The partnership aimed to conduct tests and trials for EHang’s passenger drones, showcasing their potential for urban transportation and aerial mobility services.

These mergers and acquisitions have helped companies expand their product offerings, improve their market presence, and capitalize on growth opportunities in the Advanced Air Mobility Market. The trend is expected to continue as companies seek to gain a competitive edge in the market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

Advanced Air Mobility Market Zero-Emission Trucks Market Shift-by-Wire System Market
CAGR 35.2% (Approx) CAGR 29.2% (Approx) CAGR 22.5% (Approx)
USD 68.1 Billion by 2032 USD 58.3 Billion by 2032 USD 2145.7 Million by 2032

Advanced Air Mobility Market – Significant Threats

The Advanced Air Mobility Market faces several significant threats that could impact its growth and profitability in the future. Some of these threats include:

  • Safety Concerns: The development and integration of electric and autonomous aircraft present unique safety challenges. Ensuring the reliability and redundancy of technologies, along with addressing potential system failures and cybersecurity risks, is crucial to gaining public trust and regulatory approval for widespread adoption.
  • Regulatory Hurdles: The AAM market is heavily dependent on regulatory approvals and airspace integration. The complex and evolving regulatory environment for urban air mobility poses a significant threat to market growth. Delays in obtaining necessary certifications and approvals can hinder the commercialization and expansion of AAM services.
  • High Development Costs: The R&D and manufacturing costs associated with advanced air mobility technologies can be substantial. As the market continues to evolve and competition intensifies, companies may face challenges in securing sufficient funding and managing the financial risks involved in bringing AAM solutions to market.
  • Competition and Market Fragmentation: The AAM market has witnessed a surge in players, ranging from established aerospace companies to startups, leading to market fragmentation and intense competition. This competition could result in pricing pressures, reduced profit margins, and potential consolidation, posing threats to smaller players in the market.

Report Scope

Feature of the Report Details
Market Size in 2023 USD 14.1 Billion
Projected Market Size in 2032 USD 68.1 Billion
Market Size in 2022 USD 8.2 Billion
CAGR Growth Rate 35.2% CAGR
Base Year 2022
Forecast Period 2023-2032
Key Segment By Propulsion Type, Mode of Operation, End-Use and Region
Report Coverage Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

By Event Type :

  • Parallel Hybrid Propulsion: Parallel hybrid propulsion combines both traditional internal combustion engines and electric motors to power the aircraft. Both power sources work together, providing improved fuel efficiency and reduced emissions. In the market, parallel hybrid propulsion systems are gaining traction due to their potential for greener aviation. Airlines and manufacturers are exploring hybrid electric solutions to reduce carbon footprints and comply with stricter environmental regulations.
  • Electric Propulsion: Electric propulsion systems solely rely on electric motors to drive the aircraft. They offer zero-emission flights, contributing to a more sustainable aviation sector. The market for electric propulsion is rapidly growing, driven by advancements in battery technology and increased environmental awareness. Electric aircraft development has seen significant investments from both established aviation players and startups.
  • Turboshaft Propulsion: Turboshaft propulsion uses a gas turbine engine to drive a shaft that powers the aircraft’s rotor system. It is commonly used in helicopters and vertical take-off and landing (VTOL) aircraft. Turboshaft propulsion remains essential for vertical flight capabilities, especially in the growing urban air mobility market. As demand for VTOL aircraft and air taxis increases, turboshaft propulsion systems continue to play a crucial role.
  • Turboelectric Propulsion: Turboelectric propulsion involves using a gas turbine engine to generate electrical power, which drives electric motors to propel the aircraft. It provides benefits like reduced emissions and fuel consumption. The market is witnessing a rise in interest and research in turboelectric propulsion for larger aircraft. The potential for more efficient, long-haul flights is driving investments and collaborations to make turboelectric technology a reality.

Global Advanced Air Mobility Market 2023–2032 (By Billion)

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By Mode of Operation:

  • Piloted Mode of Operation: In piloted mode, Advanced Air Mobility (AAM) vehicles are operated by human pilots who control the aircraft’s functions and navigation. Piloted AAM aircraft require trained pilots onboard to ensure safe and efficient flight operations. While piloted AAM vehicles offer familiarity and assurance to passengers, there is a growing trend towards autonomous operations. The market is witnessing an increased focus on the development of autonomous AAM technologies, aiming for safer, more efficient, and cost-effective urban air transportation.
  • Autonomous Mode of Operation: These aircraft utilize advanced technologies such as artificial intelligence, sensors, and automation to control all aspects of flight, including navigation, obstacle detection, and decision-making. Autonomous AAM vehicles aim to provide efficient and safe urban air transportation with minimal human involvement. The AAM market is witnessing a strong trend towards the development and integration of autonomous technologies. Companies are investing in research and development to achieve higher levels of autonomy, aiming to enhance safety, reduce human error, and optimize air traffic management for seamless urban air mobility. The growing interest in autonomous AAM vehicles reflects the industry’s commitment to revolutionizing urban transportation.

By End Use

  • Cargo: Cargo in the AAM market refers to the transportation of goods and packages using electric and autonomous aircraft. The cargo segment is witnessing a rising demand for efficient and fast delivery solutions, driven by e-commerce growth. Trends include the development of autonomous cargo drones and partnerships between logistics companies and AAM providers to streamline last-mile deliveries.
  • Passenger: Passenger in the AAM market refers to the transportation of individuals and commuters via electric and autonomous aircraft. The passenger segment is driven by the need for time-efficient urban mobility solutions and sustainable transportation options. Trends include the emergence of air taxi services and partnerships between AAM companies and cities to create efficient aerial transportation networks.

Global Advanced Air Mobility Market 2023–2032 (By Mode of Operation)

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Advanced Air Mobility Market – Regional Analysis

The Advanced Air Mobility Market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. Here is a brief overview of each region:

  • North America: North America leads the AAM market with significant investments and regulatory advancements driving adoption. Increasing collaborations with traditional aerospace players and growing interest in urban air mobility, especially air taxis, propel the region’s growth. Dominating players include Joby Aviation, Archer Aviation, Wisk Aero, and Volocopter, focusing on electric VTOL aircraft for urban transportation.
  • Europe: Europe explores AAM integration with regulatory frameworks for commercial operations. Sustainable transportation solutions, electric aircraft development, and partnerships with cities drive the market. Dominant players are Lilium, Volocopter, Vertical Aerospace, and Urban Aeronautics, working on innovative aerial mobility solutions.
  • Asia-Pacific: Rapid AAM market growth in Asia-Pacific, fueled by government support and urbanization. Investment in eVTOL aircraft and interest in aerial cargo delivery marks the region’s trends. Key players are EHang, Volocopter, Joby Aviation, and Hyundai Urban Air, focusing on electric and autonomous mobility solutions.
  • LAMEA: LAMEA witnesses increasing interest in AAM solutions, supported by partnerships and sustainable transportation initiatives. LAMEA is witnessing a growing interest in AAM solutions, driven by urbanization and the need for efficient transportation options. Partnerships between AAM companies and regional airlines to explore aerial mobility services for remote areas. Government initiatives promoting sustainable transportation, leading to increased AAM investments. Key players include Lilium, Volocopter, Wisk Aero, and various regional startups, catering to specific market needs in Latin America, the Middle East, and Africa.

Global Advanced Air Mobility Market 2023–2032 (By End-Use)

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Competitive Landscape – Advanced Air Mobility Market

The Advanced Air Mobility Market is highly competitive, with a large number of manufacturers and retailers operating globally. Some of the key players in the market include:

  • Joby Aviation
  • Volocopter
  • Wisk Aero (a joint venture between Boeing and Kitty Hawk)
  • eHang
  • Urban Aeronautics
  • Lilium
  • A³ by Airbus
  • Vertical Aerospace
  • Bell Textron
  • Archer Aviation
  • Others

These companies operate in the market through various strategies such as product innovation, mergers and acquisitions, and partnerships. For example, in 2021, one major partnership in the Advanced Air Mobility market was the collaboration between Lilium, a leading AAM startup, and Qell Acquisition Corp, a special purpose acquisition company (SPAC). The partnership allowed Lilium to go public, raising funds to accelerate the development of its electric vertical takeoff and landing (eVTOL) aircraft.

New players entering the Advanced Air Mobility (AAM) market are adopting innovation and development strategies to establish their presence. These newcomers focus on electric and autonomous aircraft technologies, urban air mobility services, and sustainable transportation solutions. Collaborations with established aerospace companies and government support further facilitate their entry.

Dominating the AAM market are key players that have established a strong foothold through significant investments in technology, regulatory advancements, and market presence. They lead in the development of electric vertical takeoff and landing (eVTOL) aircraft for urban transportation, including air taxis and cargo delivery solutions. These dominant players leverage their expertise, partnerships, and successful deployment of AAM services to shape the industry’s growth and transform the future of air transportation.

The Advanced Air Mobility Market is segmented as follows:

By Propulsion Type

  • Parallel Hybrid
  • Electric
  • Turboshaft
  • Turboelectric

By Mode of Operation

  • Piloted
  • Autonomous

By End-Use

  • Cargo
  • Passenger

Regional Coverage:

North America

  • U.S.
  • Canada
  • Mexico
  • Rest of North America

Europe

  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe

Asia Pacific

  • China
  • Japan
  • India
  • New Zealand
  • Australia
  • South Korea
  • Rest of Asia Pacific

The Middle East & Africa

  • Saudi Arabia
  • UAE
  • Egypt
  • Kuwait
  • South Africa
  • Rest of the Middle East & Africa

Latin America

  • Brazil
  • Argentina
  • Rest of Latin America

Table of Contents

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Advanced Air Mobility Market, (2023 – 2032) (USD Billion)
    • 2.2 Global Advanced Air Mobility Market : snapshot
  • Chapter 3. Global Advanced Air Mobility Market – Industry Analysis
    • 3.1 Advanced Air Mobility Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Urban Congestion and Traffic Woes
      • 3.2.2 Environmental Sustainability
      • 3.2.3 Technological Advancements
      • 3.2.4 New Urban Mobility Ecosystems
      • 3.2.5 Air Cargo and Logistics
      • 3.2.6 Air Taxi and Ride-Sharing Services.
    • 3.3 Market Restraints
    • 3.4 Market Opportunities
    • 3.5 Market Challenges
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Propulsion Type
      • 3.7.2 Market attractiveness analysis By Mode of Operation
      • 3.7.3 Market attractiveness analysis By End-Use
  • Chapter 4. Global Advanced Air Mobility Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Advanced Air Mobility Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Advanced Air Mobility Market – Propulsion Type Analysis
    • 5.1 Global Advanced Air Mobility Market overview: By Propulsion Type
      • 5.1.1 Global Advanced Air Mobility Market share, By Propulsion Type, 2022 and 2032
    • 5.2 Parallel Hybrid
      • 5.2.1 Global Advanced Air Mobility Market by Parallel Hybrid, 2023 – 2032 (USD Billion)
    • 5.3 Electric
      • 5.3.1 Global Advanced Air Mobility Market by Electric, 2023 – 2032 (USD Billion)
    • 5.4 Turboshaft
      • 5.4.1 Global Advanced Air Mobility Market by Turboshaft, 2023 – 2032 (USD Billion)
    • 5.5 Turboelectric
      • 5.5.1 Global Advanced Air Mobility Market by Turboelectric , 2023 – 2032 (USD Billion)
  • Chapter 6. Global Advanced Air Mobility Market – Mode of Operation Analysis
    • 6.1 Global Advanced Air Mobility Market overview: By Mode of Operation
      • 6.1.1 Global Advanced Air Mobility Market share, By Mode of Operation, 2022 and 2032
    • 6.2 Piloted
      • 6.2.1 Global Advanced Air Mobility Market by Piloted, 2023 – 2032 (USD Billion)
    • 6.3 Autonomous
      • 6.3.1 Global Advanced Air Mobility Market by Autonomous, 2023 – 2032 (USD Billion)
  • Chapter 7. Global Advanced Air Mobility Market – End-Use Analysis
    • 7.1 Global Advanced Air Mobility Market overview: By End-Use
      • 7.1.1 Global Advanced Air Mobility Market share, By End-Use, 2022 and 2032
    • 7.2 Cargo
      • 7.2.1 Global Advanced Air Mobility Market by Cargo, 2023 – 2032 (USD Billion)
    • 7.3 Passenger
      • 7.3.1 Global Advanced Air Mobility Market by Passenger, 2023 – 2032 (USD Billion)
  • Chapter 8. Advanced Air Mobility Market – Regional Analysis
    • 8.1 Global Advanced Air Mobility Market Regional Overview
    • 8.2 Global Advanced Air Mobility Market Share, by Region, 2022 & 2032 (USD Billion)
    • 8.3. North America
      • 8.3.1 North America Advanced Air Mobility Market, 2023 – 2032 (USD Billion)
        • 8.3.1.1 North America Advanced Air Mobility Market, by Country, 2023 – 2032 (USD Billion)
    • 8.4 North America Advanced Air Mobility Market, by Propulsion Type, 2023 – 2032
      • 8.4.1 North America Advanced Air Mobility Market, by Propulsion Type, 2023 – 2032 (USD Billion)
    • 8.5 North America Advanced Air Mobility Market, by Mode of Operation, 2023 – 2032
      • 8.5.1 North America Advanced Air Mobility Market, by Mode of Operation, 2023 – 2032 (USD Billion)
    • 8.6 North America Advanced Air Mobility Market, by End-Use, 2023 – 2032
      • 8.6.1 North America Advanced Air Mobility Market, by End-Use, 2023 – 2032 (USD Billion)
    • 8.7. Europe
      • 8.7.1 Europe Advanced Air Mobility Market, 2023 – 2032 (USD Billion)
        • 8.7.1.1 Europe Advanced Air Mobility Market, by Country, 2023 – 2032 (USD Billion)
    • 8.8 Europe Advanced Air Mobility Market, by Propulsion Type, 2023 – 2032
      • 8.8.1 Europe Advanced Air Mobility Market, by Propulsion Type, 2023 – 2032 (USD Billion)
    • 8.9 Europe Advanced Air Mobility Market, by Mode of Operation, 2023 – 2032
      • 8.9.1 Europe Advanced Air Mobility Market, by Mode of Operation, 2023 – 2032 (USD Billion)
    • 8.10 Europe Advanced Air Mobility Market, by End-Use, 2023 – 2032
      • 8.10.1 Europe Advanced Air Mobility Market, by End-Use, 2023 – 2032 (USD Billion)
    • 8.11. Asia Pacific
      • 8.11.1 Asia Pacific Advanced Air Mobility Market, 2023 – 2032 (USD Billion)
        • 8.11.1.1 Asia Pacific Advanced Air Mobility Market, by Country, 2023 – 2032 (USD Billion)
    • 8.12 Asia Pacific Advanced Air Mobility Market, by Propulsion Type, 2023 – 2032
      • 8.12.1 Asia Pacific Advanced Air Mobility Market, by Propulsion Type, 2023 – 2032 (USD Billion)
    • 8.13 Asia Pacific Advanced Air Mobility Market, by Mode of Operation, 2023 – 2032
      • 8.13.1 Asia Pacific Advanced Air Mobility Market, by Mode of Operation, 2023 – 2032 (USD Billion)
    • 8.14 Asia Pacific Advanced Air Mobility Market, by End-Use, 2023 – 2032
      • 8.14.1 Asia Pacific Advanced Air Mobility Market, by End-Use, 2023 – 2032 (USD Billion)
    • 8.15. Latin America
      • 8.15.1 Latin America Advanced Air Mobility Market, 2023 – 2032 (USD Billion)
        • 8.15.1.1 Latin America Advanced Air Mobility Market, by Country, 2023 – 2032 (USD Billion)
    • 8.16 Latin America Advanced Air Mobility Market, by Propulsion Type, 2023 – 2032
      • 8.16.1 Latin America Advanced Air Mobility Market, by Propulsion Type, 2023 – 2032 (USD Billion)
    • 8.17 Latin America Advanced Air Mobility Market, by Mode of Operation, 2023 – 2032
      • 8.17.1 Latin America Advanced Air Mobility Market, by Mode of Operation, 2023 – 2032 (USD Billion)
    • 8.18 Latin America Advanced Air Mobility Market, by End-Use, 2023 – 2032
      • 8.18.1 Latin America Advanced Air Mobility Market, by End-Use, 2023 – 2032 (USD Billion)
    • 8.19. The Middle-East and Africa
      • 8.19.1 The Middle-East and Africa Advanced Air Mobility Market, 2023 – 2032 (USD Billion)
        • 8.19.1.1 The Middle-East and Africa Advanced Air Mobility Market, by Country, 2023 – 2032 (USD Billion)
    • 8.20 The Middle-East and Africa Advanced Air Mobility Market, by Propulsion Type, 2023 – 2032
      • 8.20.1 The Middle-East and Africa Advanced Air Mobility Market, by Propulsion Type, 2023 – 2032 (USD Billion)
    • 8.21 The Middle-East and Africa Advanced Air Mobility Market, by Mode of Operation, 2023 – 2032
      • 8.21.1 The Middle-East and Africa Advanced Air Mobility Market, by Mode of Operation, 2023 – 2032 (USD Billion)
    • 8.22 The Middle-East and Africa Advanced Air Mobility Market, by End-Use, 2023 – 2032
      • 8.22.1 The Middle-East and Africa Advanced Air Mobility Market, by End-Use, 2023 – 2032 (USD Billion)
  • Chapter 9. Company Profiles
    • 9.1 Joby Aviation
      • 9.1.1 Overview
      • 9.1.2 Financials
      • 9.1.3 Product Portfolio
      • 9.1.4 Business Strategy
      • 9.1.5 Recent Developments
    • 9.2 Volocopter
      • 9.2.1 Overview
      • 9.2.2 Financials
      • 9.2.3 Product Portfolio
      • 9.2.4 Business Strategy
      • 9.2.5 Recent Developments
    • 9.3 Wisk Aero (a joint venture between Boeing and Kitty Hawk)
      • 9.3.1 Overview
      • 9.3.2 Financials
      • 9.3.3 Product Portfolio
      • 9.3.4 Business Strategy
      • 9.3.5 Recent Developments
    • 9.4 eHang
      • 9.4.1 Overview
      • 9.4.2 Financials
      • 9.4.3 Product Portfolio
      • 9.4.4 Business Strategy
      • 9.4.5 Recent Developments
    • 9.5 Urban Aeronautics
      • 9.5.1 Overview
      • 9.5.2 Financials
      • 9.5.3 Product Portfolio
      • 9.5.4 Business Strategy
      • 9.5.5 Recent Developments
    • 9.6 Lilium
      • 9.6.1 Overview
      • 9.6.2 Financials
      • 9.6.3 Product Portfolio
      • 9.6.4 Business Strategy
      • 9.6.5 Recent Developments
    • 9.7 A³ by Airbus
      • 9.7.1 Overview
      • 9.7.2 Financials
      • 9.7.3 Product Portfolio
      • 9.7.4 Business Strategy
      • 9.7.5 Recent Developments
    • 9.8 Vertical Aerospace
      • 9.8.1 Overview
      • 9.8.2 Financials
      • 9.8.3 Product Portfolio
      • 9.8.4 Business Strategy
      • 9.8.5 Recent Developments
    • 9.9 Bell Textron
      • 9.9.1 Overview
      • 9.9.2 Financials
      • 9.9.3 Product Portfolio
      • 9.9.4 Business Strategy
      • 9.9.5 Recent Developments
    • 9.10 Archer Aviation
      • 9.10.1 Overview
      • 9.10.2 Financials
      • 9.10.3 Product Portfolio
      • 9.10.4 Business Strategy
      • 9.10.5 Recent Developments
    • 9.11 Others.
      • 9.11.1 Overview
      • 9.11.2 Financials
      • 9.11.3 Product Portfolio
      • 9.11.4 Business Strategy
      • 9.11.5 Recent Developments
List Of Figures

Figures No 1 to 24

List Of Tables

Tables No 1 to 77

Report Methodology

In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:

Preliminary Data Mining

On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.

Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.

Statistical Model

Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.

Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.

Some of the variables taken into account for forecasting are as follows:

• Industry drivers and constraints, as well as their current and projected impact

• The raw material case, as well as supply-versus-price trends

• Current volume and projected volume growth through 2030

We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.

Primary Validation

This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.

Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.

All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:

• Market leaders

• Suppliers of raw materials

• Suppliers of raw materials

• Buyers.

The following are the primary research objectives:

• To ensure the accuracy and acceptability of our data.

• Gaining an understanding of the current market and future projections.

Data Collection Matrix

Perspective Primary research Secondary research
Supply-side
  • Manufacturers
  • Technology distributors and wholesalers
  • Company reports and publications
  • Government publications
  • Independent investigations
  • Economic and demographic data
Demand-side
  • End-user surveys
  • Consumer surveys
  • Mystery shopping
  • Case studies
  • Reference customers


Market Analysis Matrix

Qualitative analysis Quantitative analysis
  • Industry landscape and trends
  • Market dynamics and key issues
  • Technology landscape
  • Market opportunities
  • Porter’s analysis and PESTEL analysis
  • Competitive landscape and component benchmarking
  • Policy and regulatory scenario
  • Market revenue estimates and forecast up to 2030
  • Market revenue estimates and forecasts up to 2030, by technology
  • Market revenue estimates and forecasts up to 2030, by application
  • Market revenue estimates and forecasts up to 2030, by type
  • Market revenue estimates and forecasts up to 2030, by component
  • Regional market revenue forecasts, by technology
  • Regional market revenue forecasts, by application
  • Regional market revenue forecasts, by type
  • Regional market revenue forecasts, by component

Prominent Player

  • Joby Aviation
  • Volocopter
  • Wisk Aero (a joint venture between Boeing and Kitty Hawk)
  • eHang
  • Urban Aeronautics
  • Lilium
  • A³ by Airbus
  • Vertical Aerospace
  • Bell Textron
  • Archer Aviation
  • Others

FAQs

The key factors driving the Market are Urban Congestion and Traffic Woes, Environmental Sustainability, Technological Advancements, New Urban Mobility Ecosystems, Air Cargo and Logistics And Air Taxi and Ride-Sharing Services.

The “Propulsion Type” category dominated the market in 2022.

The key players in the market are Joby Aviation, Volocopter, Wisk Aero (a joint venture between Boeing and Kitty Hawk), eHang, Urban Aeronautics, Lilium, A³ by Airbus, Vertical Aerospace, Bell Textron, Archer Aviation, Others.

“North America” had the largest share in the Advanced Air Mobility Market.

The global market is projected to grow at a CAGR of 35.2% during the forecast period, 2023-2032.

The Advanced Air Mobility Market size was valued at USD 8.2 Billion in 2022.

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