Advanced Air Mobility (AAM) Market – Trends Forecast Till 2030

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Advanced Air Mobility (AAM) Market Trends and
Forecast Till 2030
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Advanced Air Mobility (AAM) Market Trends and
Forecast Till 2030
Advanced Air Mobility (AAM) Market, By Component
(Hardware, Software), By Application (Cargo
Transport, Passenger Transport, Mapping
Surveying, Special Mission, Surveillance
Monitoring), By Type (Air Taxis, Drones), By
Operating Mode (Piloted, Autonomous), By
Propulsion Type (Gasoline, Electric, Hybrid), By
End Use, and region (North America, Europe,
Asia-Pacific, Middle East and Africa and South
America).
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ir-mobility-market
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Market Overview
The advanced air mobility (AAM) market represents
a revolutionary shift in aviation, focused on
developing electric or hybrid-electric Vertical
Take-Off and Landing (eVTOL) aircraft for urban
and regional transportation. AAM holds
significant promise as a solution to air
pollution, as electric and hybrid-electric
aircraft can drastically reduce emissions
compared to traditional aircraft.  Despite these
challenges, the AAM market remains poised for
growth. The pandemic underscored the importance
of sustainable and efficient transportation
solutions, reinforcing the potential of AAM
technologies. As the world recovers and adapts to
new norms, the focus on reducing emissions and
improving urban mobility will likely drive
continued investment and innovation in the AAM
market. Purchase this Report
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lity-market
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Key Findings
On the basis of Component, in 2023, the hardware
segment led the market with an 81.3 share,
driven by demand for AAM components like motors
and batteries. Innovations in battery design and
lighter motors are enhancing aircraft
performance. The software segment, expected to
grow at a 21.4 CAGR, is boosted by advanced AI,
machine learning, and the trend towards fully
autonomous flights. On the basis of Operating
Mode, by 2030, the piloted category is expected
to dominate the customer base, maintaining its
leading share throughout the forecast period.
However, the automated segment is projected to
exhibit the highest CAGR in the coming years. On
the basis of Type, the advanced air mobility
market is segmented into air taxis and drones. In
2023, drones accounted for over 63 of the market
share. Drones' growth is driven by their
versatility in industries like aerial surveys,
cargo delivery, and monitoring. Technological
advancements, including improved battery life and
autonomous navigation, have expanded their
capabilities.
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Key Findings
The market is also divided into various regions
such as North America, Europe, Asia-Pacific,
South America, and Middle East and Africa. North
America held the largest revenue share of 39.5
in 2023. The U.S. aviation and defence sectors
are increasingly adopting AAM solutions,
particularly drone technology. The FAA has been
testing UAS technologies at various airports,
boosting demand. Additionally, the U.S. Army and
NATO's use of drones in conflict areas like Syria
and Afghanistan has driven product sales in the
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Competitive Landscape

• 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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Recent Developments
In March 2022, Spirit Aero-Systems and Airbus
Acubed, a division of Boeing, signed a contract
to manufacture the sides for City Airbus NextGen.
This collaboration allows Airbus to pursue
innovative aerospace solutions while maintaining
rigorous industry standards. In March 2022, EHang
and AEROTREE, Malaysia's leading aviation
corporation, entered a strategic agreement to
co-develop autonomous drone technology. AEROTREE
has purchased 60 units of EHang's commuter
automated autonomous drones (AAVs) as part of
this collaboration.
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Contact Information
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