Product Code: GVR-4-68040-099-6
Advanced Air Mobility Market Growth & Trends
The global advanced air mobility market size is expected to reach USD 137.11 billion by 2035, growing at a CAGR of 24.6% from 2023 to 2035, according to a new study by Grand View Research, Inc. The development of flight technologies and modern aircraft designs is anticipated to add to the demand in the market. Moreover, the increasing issue of vehicular traffic congestion around the world is further expected to drive the demand for Advanced Air Mobility (AAM) solutions to transport cargo and people. The drone type segment is anticipated to record a CAGR of 23.6% over the forecast period as a result of the application of drones in e-commerce, healthcare, and logistics, among other sectors. Furthermore, the market is anticipated to grow due to the trend of autonomous flight and controls as it helps increase flight efficiency and reduce fuel consumption.
The fully autonomous operating mode segment is expected to witness a CAGR of 27.6% over the forecast period due to the investment in automation technology by industry players to attain full autonomy. In addition, partnerships and collaborations between companies in the AAM industry is a key factor for the market growth. For instance, in May 2023, Supernal LLC and Inmarsat Global Ltd. entered into a partnership to deploy satellite connectivity in advanced air mobility. In addition, the developments in electrical propulsion systems are anticipated to be a key factor for market growth. The cost-effective and minimal carbon output advantages of electrical propulsion are predicted to attract companies to develop innovative solutions. The electric propulsion type segment held a share of around 71% in 2022 due to its high efficiency and minimum noise.
Advanced Air Mobility Market Report Highlights
- The hardware component segment recorded the highest share of 84.7% in 2022 owing to the growing demand for aerostructures and avionics used in AAM solutions
- The surveillance & monitoring application segment dominated the market with a share of 23.41% in 2022 due to the use of drones for inspection in remote and inaccessible areas
- The commercial end-user segment is expected to grow at a significant CAGR of 25.3% from 2023 to 2035 owing to the investment in urban air mobility by market leaders
- The rotary blade product segment dominated the market with a share of over 70% in 2022
- Based on maximum takeoff weight, the <100 kg segment dominated the market with a share of over 80% in 2022 due to the use of lightweight drones in logistics, surveying, mapping, monitoring, security, and law, among other applications
- The intracity (20km-100km) range segment accounted for the largest revenue share of over 92% in 2022
- North America accounted for the largest revenue share of 38.2% in 2022 owing to the adoption of drones for various commercial applications in the region
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market Segmentation & Scope
- 1.2 Market Definitions
- 1.3 Information Procurement
- 1.3.1 Information analysis
- 1.3.2 Market formulation & data visualization
- 1.3.3 Data validation & publishing
- 1.4 Research Scope and Assumptions
- 1.4.1 List of data sources
Chapter 2 Executive Summary
- 2.1 Market Snapshot
- 2.2 Segment Snapshot
- 2.3 Competitive Landscape Snapshot
Chapter 3 Industry Outlook
- 3.1 Market Lineage
- 3.2 Industry Value Chain Analysis
- 3.3 Market Dynamics
- 3.3.1 Market driver analysis
- 3.3.2 Market restraint analysis
- 3.3.3 Industry Opportunities & Challenges
- 3.5 Industry Analysis Tools
- 3.5.1 Porter's analysis
- 3.5.2 Macroeconomic analysis
- 3.6 Advanced Air Mobility - Market Overview
- 3.6.1 AAM charging infrastructure developments
- 3.6.2 Air traffic management facility
- 3.6.3 Air shuttles & air metro trends
- 3.6.4 Last-mile delivery trends
- 3.7 Technology Roadmap
- 3.7.1 Significant market developments
- 3.8 Technology Trends
- 3.8.1 Automatic ground controls systems
- 3.8.2 Drone traffic management systems
- 3.8.3 Advancements in AAM propulsion technology
- 3.8.4 Raw material and manufacturing trends in AAM
- 3.8.5 Advancements in autonomous AAM operation
- 3.8.5.1 Collision avoidance systems
- 3.8.5.2 Global positioning systems
- 3.8.6 Adjacent technologies in AAM
- 3.8.6.1 Artificial intelligence
- 3.8.6.2 5G
- 3.8.6.3 IoT
- 3.8.6.4 Edge computing and cloud computing
- 3.8.6.5 Blockchain
- 3.8.6.6 Cybersecurity
- 3.8.6.7 Industry 4.0
- 3.9 Regulatory Landscape
- 3.9.1 Key authorities and regulations across the globe
- 3.10 Advanced Air Mobility (AAM) Market - Patent Analysis
- 3.11 Advanced Air Mobility (AAM) Market - Case Studies
- 3.12 Advanced Air Mobility (AAM) Market - COVID-19 Impact Analysis
Chapter 4 Advanced Air Mobility Market Component Outlook
- 4.1 Advanced Air Mobility Market Share By Component, 2018 - 2035 (USD Million)
- 4.2 Component Movement Analysis & Market Share, 2022 & 2035
- 4.3 Advanced Air Mobility Market Estimates & Forecast, By Component (USD Million)
- 4.3.1 Hardware
- 4.3.1.1 Aerostructure
- 4.3.1.2 Avionics
- 4.3.1.3 Flight control system
- 4.3.1.4 Propulsion system
- 4.3.1.5 Others
- 4.3.2 Software
Chapter 5 Advanced Air Mobility Market Application Outlook
- 5.1 Advanced air mobility Market Share By Application, 2018 - 2035 (USD Million)
- 5.2 Application Movement Analysis & Market Share, 2022 & 2035
- 5.3 Advanced Air Mobility Market Estimates & Forecast, By Application (USD Million)
- 5.3.1 Cargo Transport
- 5.3.2 Passenger Transport
- 5.3.3 Mapping & Surveying
- 5.3.4 Special Mission
- 5.3.5 Surveillance & Monitoring
- 5.3.6 Others
Chapter 6 Advanced Air Mobility Market End-user Outlook
- 6.1 Advanced Air Mobility Market Share By End-user, 2018 - 2035 (USD Million)
- 6.2 End-user Movement Analysis & Market Share, 2022 & 2035
- 6.3 Advanced Air Mobility Market Estimates & Forecast, By End-user (USD Million)
- 6.3.1 Commercial
- 6.3.1.1 E-commerce
- 6.3.1.2 Commercial Ridesharing Operators
- 6.3.1.3 Private Operators
- 6.3.1.4 Medical Emergency Organizations
- 6.3.1.5 Others
- 6.3.2 Government & Military
Chapter 7 Advanced Air mobility Market Product Outlook
- 7.1 Advanced Air Mobility Market Share By Product, 2018 - 2035 (USD Million)
- 7.2 Product Movement Analysis & Market Share, 2022 & 2035
- 7.3 Advanced Air Mobility Market Estimates & Forecast, By Product (USD Million)
- 7.3.1 Fixed Wing
- 7.3.2 Rotary Blade
- 7.3.3 Hybrid
Chapter 8 Advanced Air Mobility Market Type Outlook
- 8.1 Advanced Air Mobility Market Share By Type, 2018 - 2035 (USD Million)
- 8.2 Type Movement Analysis & Market Share, 2022 & 2035
- 8.3 Advanced Air Mobility Market Estimates & Forecast, By Type (USD Million)
- 8.3.1 Air Taxis
- 8.3.2 Drones
- 8.3.3 Others
Chapter 9 Advanced Air Mobility Market Maximum Take-off Weight Outlook
- 9.1 Advanced Air Mobility Market Share By Maximum Take-off Weight, 2018 - 2035 (USD Million)
- 9.2 Maximum Take-off Weight Movement Analysis & Market Share, 2022 & 2035
- 9.3 Advanced Air Mobility Market Estimates & Forecast, By Maximum Take-off Weight (USD Million)
- 9.3.1 <100 kg
- 9.3.2 100 - 300 kg
- 9.3.3 >300 kg
Chapter 10 Advanced Air Mobility Market Operating Mode Outlook
- 10.1 Advanced Air Mobility Market Share By Operating Mode, 2018 - 2035 (USD Million)
- 10.2 Operating Mode Movement Analysis & Market Share, 2022 & 2035
- 10.3 Advanced Air Mobility Market Estimates & Forecast, By Operating Mode (USD Million)
- 10.3.1 Remotely Piloted
- 10.3.2 Partially Piloted
- 10.3.3 Fully Autonomous
Chapter 11 Advanced Air Mobility Market Propulsion Type Outlook
- 11.1 Advanced Air Mobility Market Share By Propulsion Type, 2018 - 2035 (USD Million)
- 11.2 Propulsion Type Movement Analysis & Market Share, 2022 & 2035
- 11.3 Advanced Air Mobility Market Estimates & Forecast, By Propulsion Type (USD Million)
- 11.3.1 Gasoline
- 11.3.2 Electric
- 11.3.3 Hybrid
Chapter 12 Advanced Air Mobility Market Range Outlook
- 12.1 Advanced Air Mobility Market Share By Range, 2018 - 2035 (USD Million)
- 12.2 Range Movement Analysis & Market Share, 2022 & 2035
- 12.3 Advanced Air Mobility Market Estimates & Forecast, By Range (USD Million)
- 12.3.1 Intracity (20 km - 100 km)
- 12.3.2 Intercity (Above 100 km)
Chapter 13 Advanced Air Mobility Regional Outlook
- 13.1 Advanced Air Mobility Market Share By Region, 2022 & 2035
- 13.2 North America
- 13.2.1 North America advanced air mobility market, 2018 - 2035
- 13.2.2 U.S.
- 13.2.2.1 U.S. advanced air mobility market, 2018 - 2035 (USD Million)
- 13.2.3 Canada
- 13.2.3.1 Canada advanced air mobility market, 2018 - 2035 (USD Million)
- 13.3 Europe
- 13.3.1 Europe advanced air mobility market, 2018 - 2035
- 13.3.2 UK
- 13.3.2.1 UK advanced air mobility market, 2018 - 2035 (USD Million)
- 13.3.3 Germany
- 13.3.3.1 Germany advanced air mobility market, 2018 - 2035 (USD Million)
- 13.3.4 Italy
- 13.3.4.1 Italy advanced air mobility market, 2018 - 2035 (USD Million)
- 13.3.5 France
- 13.3.5.1 France advanced air mobility market, 2018 - 2035 (USD Million)
- 13.4 Asia Pacific
- 13.4.1 Asia Pacific advanced air mobility market, 2018 - 2035
- 13.4.2 China
- 13.4.2.1 China advanced air mobility market, 2018 - 2035 (USD Million)
- 13.4.3 Japan
- 13.4.3.1 Japan advanced air mobility market, 2018 - 2035 (USD Million)
- 13.4.4 South Korea
- 13.4.4.1 South Korea advanced air mobility market, 2018 - 2035 (USD Million)
- 13.4.5 India
- 13.4.5.1 India advanced air mobility market, 2018 - 2035 (USD Million)
- 13.4.6 Australia
- 13.4.6.1 Australia advanced air mobility market, 2018 - 2035 (USD Million)
- 13.5 Latin America
- 13.5.1 South America advanced air mobility market, 2018 - 2035
- 13.5.2 Brazil
- 13.5.2.1 Brazil advanced air mobility market, 2018 - 2035 (USD Million)
- 13.5.3 Mexico
- 13.5.3.1 Mexico advanced air mobility market, 2018 - 2035 (USD Million)
- 13.6 MEA
- 13.6.1 MEA advanced air mobility market, 2018 - 2035
- 13.6.2 Saudi Arabia
- 13.6.2.1 Saudi Arabia advanced air mobility market, 2018 - 2035 (USD Million)
- 13.6.3 UAE
- 13.6.3.1 UAE advanced air mobility market, 2018 - 2035 (USD Million)
Chapter 14 Competitive Landscape
- 14.1 Key Market Participants
- 14.1.1 Airbus S.A.S.
- 14.1.2 Aurora Flight Sciences
- 14.1.3 Bell Textron Inc.
- 14.1.4 The Boeing Company
- 14.1.5 Guangzhou EHang Intelligent Technology Co. Ltd
- 14.1.6 Embraer S.A.
- 14.1.7 Joby Aviation, Inc.
- 14.1.8 Lilium GmbH
- 14.1.9 Neva Aerospace
- 14.1.10 Opener, Inc.
- 14.1.11 PIPISTREL (Textron Inc.)
- 14.1.12 Terrafugia, Inc.
- 14.1.13 Vertical Aerospace Group Ltd.
- 14.1.14 Volocopter GmbH
- 14.1.15 Wisk Aero
- 14.1.16 Workhorse Group, Inc.
- 14.2 Company Categorization
- 14.3 Participant's Overview
- 14.4 Financial Performance
- 14.5 Product Benchmarking
- 14.6 Company Heat Map Analysis
- 14.7 Company Market Share Analysis, 2022
- 14.8 Strategy Mapping
- 14.8.1 Expansion
- 14.8.2 Mergers & acquisitions
- 14.8.3 Collaborations
- 14.8.4 New product launches
- 14.8.5 Research & development