Product Code: TIPRE00030066
The advanced air mobility market was valued at US$ 547.07 million in 2022 and is projected to reach US$ 12,730.44 million by 2030; it is expected to grow at a CAGR of 48.2% from 2022 to 2030.
The advanced air mobility market is in development phase in Europe; however, the leading companies are strategically working upon to leverage the market dynamics. For instance, in 2023, Bristow Group and Volocopter collaborated and signed an agreement to develop passenger and cargo services for eVTOL aircraft in the US and the UK. In 2023, Eve and Blade Air Mobility collaborated to integrate flying car into Europe. Through this agreement, Blade aims at emphasizing on the advancement of air mobility across the European countries. For instance, in 2022, ITA Airways and Airbus collaborated to develop urban air mobility services in Italy. Through this agreement, both the companies will collaborate with local mobility service providers to sustainably launch the operations with CityAirbus advanced eVTOL aircraft. Such development has been driving the advanced air mobility market growth across the Europe region.
Volocopter GmbH, a German aircraft manufacturer and a leading pioneer of urban air mobility (UAM), has planned to launch the world's first-ever eVTOL suite of services with the help of passenger air taxis and heavy-lift cargo drones. Also, in March 2022, Jetex and Volocopter signed a strategic alliance to define a safe and sustainable model of urban air mobility. The partnership was established to deploy and operate permanent, economically sustainable, and integrated UAM taxi take-off and landing infrastructure and services for passenger transportation. In addition, in October 2021, Volocopter GmbH successfully performed the first public flight demonstration of its eVTOL VoloDrone. Such initiatives by the advanced air mobility market players across their respective regions is further bolstering the growth of advanced air mobility market size across different regions.
In March 2021, Lilium revealed its latest 7-Seater Lilium Jet (eVTOL) aircraft, as an advanced fourth generations of technology. The company has also planned to merge with Qell Acquisition Corp. making the eVTOL maker a publicly listed company. Honeywell, Rolls-Royce, and other large aerospace players have already formed specialist units for urban air mobility to discover technologies, including hybrid and electric systems, along with other prospects, such as autonomous and actuation flight systems.
Thus, rising developments in advancing the eVTOL aircraft and small unmanned drones and growing initiatives for improving the advanced air mobility in European countries bolster the advanced air mobility market growth in Europe.
The key manufacturers in the market are focusing on developing all-electric eVTOL aircraft and unmanned systems. Key advanced air mobility market players such as Lilium GmbH, eHang, Volocopter, Joby Aviation, and EVE Mobility, among others, are developing fully electric powered eVTOL aircraft to decarbonize the aviation operations and adopt sustainable practices.
For instances,
In 2021, Lilium GmbH unveiled the final prototype of its seven-seater electric vertical take-off and landing (eVTOL) Lilium Jet aircraft that facilitates next-generation sustainable, high-speed regional transportation.
In 2-23, Airbus Helicopters and the French Armament General Directorate (DGA) tested the unmanned aerial system (UAS) VSR700 for the first time in an operational configuration from a ship at sea.
In 2023, Lilium announced that it has received the Federal Aviation Administration (FAA) G-1 Certification Basis necessary for type certificate validation of its Lilium Jet by the FAA. In 2020, Lilium's primary airworthiness authority, the European Union Aviation Safety Agency (EASA), issued its certification basis for the Lilium Jet.
Airbus, Bell Textron, EVE Mobility, Boeing, Ehang, Lilium GmbH, Volocopter, Joby Aviation, Archer Aviation, and Heart Aerospace are among the key advanced air mobility market players operating across different regions.
The overall advanced air mobility market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast of the advanced air mobility market size with respect to all market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and gain more analytical insights. Participants of this process include VPs, business development managers, market intelligence managers, national sales managers, and external consultants-such as valuation experts, research analysts, and key opinion leaders-specializing in the advanced air mobility market.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global advanced air mobility market.
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- The key findings and recommendations highlight crucial progressive industry trends in the global advanced air mobility market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
- 2.1 Key Insights
- 2.2 Market Attractiveness
3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
4. Advanced Air Mobility Market Landscape
- 4.1 Overview
- 4.2 Porter's Analysis
- 4.3 Ecosystem Analysis
5. Advanced Air Mobility Market - Key Industry Dynamics
- 5.1 Advanced Air Mobility Market - Key Industry Dynamics
- 5.2 Market Drivers
- 5.2.1 Embracing Air Taxis Owing to the Advancement of Urban Air Mobility
- 5.2.2 Growing advent of small unmanned systems for cargo deliveries
- 5.2.3 Advancement of Electric Propulsion-Based eVTOL Aircraft
- 5.3 Market Restraints
- 5.3.1 Required Certification and Qualification Challenges for Market Vendors
- 5.4 Market Opportunities
- 5.4.1 Rising Construction of Vertiports
- 5.4.2 Demand for Last-Mile Delivery
- 5.5 Future Trends
- 5.5.1 Evolving Necessity for Green Energy-Based Mode of Transportation
- 5.6 Impact of Drivers and Restraints:
6. Advanced Air Mobility Market - Global Market Analysis
- 6.1 Advanced Air Mobility Market Revenue (US$ Million), 2022 - 2030
- 6.2 Advanced Air Mobility Market Forecast and Analysis
7. Advanced Air Mobility Market Analysis - Component
- 7.1 Overview
- 7.1.1 Advanced Air Mobility Market, By Component (2022 and 2030)
- 7.2 Hardware
- 7.2.1 Overview
- 7.2.2 Hardware Market, Revenue and Forecast to 2030 (US$ Million)
- 7.3 Software
- 7.3.1 Overview
- 7.3.2 Software Market, Revenue and Forecast to 2030 (US$ Million)
8. Advanced Air Mobility Market Analysis - Operation Mode
- 8.1 Overview
- 8.1.1 Advanced Air Mobility Market, By Operation Mode (2022 and 2030)
- 8.2 Piloted
- 8.2.1 Overview
- 8.2.2 Piloted Market, Revenue and Forecast to 2030 (US$ Million)
- 8.3 Autonomous
- 8.3.1 Overview
- 8.3.2 Autonomous Market, Revenue and Forecast to 2030 (US$ Million)
9. Advanced Air Mobility Market Analysis - End Use
- 9.1 Overview
- 9.1.1 Advanced Air Mobility Market, By End Use (2022 and 2030)
- 9.2 Passenger
- 9.2.1 Overview
- 9.2.2 Passenger Market, Revenue and Forecast to 2030 (US$ Million)
- 9.3 Cargo
- 9.3.1 Overview
- 9.3.2 Cargo Market, Revenue and Forecast to 2030 (US$ Million)
10. Advanced Air Mobility Market Analysis - Propulsion Type
- 10.1 Overview
- 10.1.1 Advanced Air Mobility Market, By Propulsion Type (2022 and 2030)
- 10.2 Fully Electric
- 10.2.1 Overview
- 10.2.2 Fully Electric Market, Revenue and Forecast to 2030 (US$ Million)
- 10.3 Hybrid
- 10.3.1 Overview
- 10.3.2 Hybrid Market, Revenue and Forecast to 2030 (US$ Million)
11. Advanced Air Mobility Market - Geographical Analysis
- 11.1 Overview
- 11.2 North America
- 11.2.1 North America Advanced Air Mobility Market Overview
- 11.2.2 North America Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.2.3 North America Advanced Air Mobility Market Breakdown by Component
- 11.2.3.1 North America Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Component
- 11.2.4 North America Advanced Air Mobility Market Breakdown by Operation Mode
- 11.2.4.1 North America Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Operation Mode
- 11.2.5 North America Advanced Air Mobility Market Breakdown by End Use
- 11.2.5.1 North America Advanced Ar Mobility Market Revenue and Forecasts and Analysis - By End Use
- 11.2.6 North America Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.2.6.1 North America Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Propulsion Type
- 11.2.7 North America Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Country
- 11.2.7.1 US Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.2.7.1.1 US Advanced Air Mobility Market Breakdown by Component
- 11.2.7.1.2 US Advanced Air Mobility Market Breakdown by Operation Mode
- 11.2.7.1.3 US Advanced Air Mobility Market Breakdown by End Use
- 11.2.7.1.4 US Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.2.7.2 Canada Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.2.7.2.1 Canada Advanced Air Mobility Market Breakdown by Component
- 11.2.7.2.2 Canada Advanced Air Mobility Market Breakdown by Operation Mode
- 11.2.7.2.3 Canada Advanced Air Mobility Market Breakdown by End Use
- 11.2.7.2.4 Canada Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.2.7.3 Mexico Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.2.7.3.1 Mexico Advanced Air Mobility Market Breakdown by Component
- 11.2.7.3.2 Mexico Advanced Air Mobility Market Breakdown by Operation Mode
- 11.2.7.3.3 Mexico Advanced Air Mobility Market Breakdown by End Use
- 11.2.7.3.4 Mexico Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.3 Europe
- 11.3.1 Europe Advanced Air Mobility Market Overview
- 11.3.2 Europe Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.3.3 Europe Advanced Air Mobility Market Breakdown by Component
- 11.3.3.1 Europe Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Component
- 11.3.4 Europe Advanced Air Mobility Market Breakdown by Operation Mode
- 11.3.4.1 Europe Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Operation Mode
- 11.3.5 Europe Advanced Air Mobility Market Breakdown by End Use
- 11.3.5.1 Europe Advanced Air Mobility Market Revenue and Forecasts and Analysis - By End Use
- 11.3.6 Europe Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.3.6.1 Europe Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Propulsion Type
- 11.3.7 Europe Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Country
- 11.3.7.1 Germany Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.3.7.1.1 Germany Advanced Air Mobility Market Breakdown by Component
- 11.3.7.1.2 Germany Advanced Air Mobility Market Breakdown by Operation Mode
- 11.3.7.1.3 Germany Advanced Air Mobility Market Breakdown by End Use
- 11.3.7.1.4 Germany Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.3.7.2 France Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.3.7.2.1 France Advanced Air Mobility Market Breakdown by Component
- 11.3.7.2.2 France Advanced Air Mobility Market Breakdown by Operation Mode
- 11.3.7.2.3 France Advanced Air Mobility Market Breakdown by End Use
- 11.3.7.2.4 France Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.3.7.3 Italy Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.3.7.3.1 Italy Advanced Air Mobility Market Breakdown by Component
- 11.3.7.3.2 Italy Advanced Air Mobility Market Breakdown by Operation Mode
- 11.3.7.3.3 Italy Advanced Air Mobility Market Breakdown by End Use
- 11.3.7.3.4 Italy Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.3.7.4 UK Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.3.7.4.1 UK Advanced Air Mobility Market Breakdown by Component
- 11.3.7.4.2 UK Advanced Air Mobility Market Breakdown by Operation Mode
- 11.3.7.4.3 UK Advanced Air Mobility Market Breakdown by End Use
- 11.3.7.4.4 UK Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.3.7.5 Russia Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.3.7.5.1 Russia Advanced Air Mobility Market Breakdown by Component
- 11.3.7.5.2 Russia Advanced Air Mobility Market Breakdown by Operation Mode
- 11.3.7.5.3 Russia Advanced Air Mobility Market Breakdown by End Use
- 11.3.7.5.4 Russia Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.3.7.6 Rest of Europe Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.3.7.6.1 Rest of Europe Advanced Air Mobility Market Breakdown by Component
- 11.3.7.6.2 Rest of Europe Advanced Air Mobility Market Breakdown by Operation Mode
- 11.3.7.6.3 Rest of Europe Advanced Air Mobility Market Breakdown by End Use
- 11.3.7.6.4 Rest of Europe Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.4 Asia Pacific
- 11.4.1 Asia Pacific Advanced Air Mobility Market Overview
- 11.4.2 Asia Pacific Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.4.3 Asia Pacific Advanced Air Mobility Market Breakdown by Component
- 11.4.3.1 Asia Pacific Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Component
- 11.4.4 Asia Pacific Advanced Air Mobility Market Breakdown by Operation Mode
- 11.4.4.1 Asia Pacific Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Operation Mode
- 11.4.5 Asia Pacific Advanced Air Mobility Market Breakdown by End Use
- 11.4.5.1 Asia Pacific Advanced Air Mobility Market Revenue and Forecasts and Analysis - By End Use
- 11.4.6 Asia Pacific Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.4.6.1 Asia Pacific Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Propulsion Type
- 11.4.7 Asia Pacific Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Country
- 11.4.7.1 Australia Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.4.7.1.1 Australia Advanced Air Mobility Market Breakdown by Component
- 11.4.7.1.2 Australia Advanced Air Mobility Market Breakdown by Operation Mode
- 11.4.7.1.3 Australia Advanced Air Mobility Market Breakdown by End Use
- 11.4.7.1.4 Australia Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.4.7.2 China Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.4.7.2.1 China Advanced Air Mobility Market Breakdown by Component
- 11.4.7.2.2 China Advanced Air Mobility Market Breakdown by Operation Mode
- 11.4.7.2.3 China Advanced Air Mobility Market Breakdown by End Use
- 11.4.7.2.4 China Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.4.7.3 Japan Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.4.7.3.1 Japan Advanced Air Mobility Market Breakdown by Component
- 11.4.7.3.2 Japan Advanced Air Mobility Market Breakdown by Operation Mode
- 11.4.7.3.3 Japan Advanced Air Mobility Market Breakdown by End Use
- 11.4.7.3.4 Japan Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.4.7.4 South Korea Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.4.7.4.1 South Korea Advanced Air Mobility Market Breakdown by Component
- 11.4.7.4.2 South Korea Advanced Air Mobility Market Breakdown by Operation Mode
- 11.4.7.4.3 South Korea Advanced Air Mobility Market Breakdown by End Use
- 11.4.7.4.4 South Korea Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.4.7.5 India Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.4.7.5.1 India Advanced Air Mobility Market Breakdown by Component
- 11.4.7.5.2 India Advanced Air Mobility Market Breakdown by Operation Mode
- 11.4.7.5.3 India Advanced Air Mobility Market Breakdown by End Use
- 11.4.7.5.4 India Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.4.7.6 Rest of APAC Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.4.7.6.1 Rest of APAC Advanced Air Mobility Market Breakdown by Component
- 11.4.7.6.2 Rest of APAC Advanced Air Mobility Market Breakdown by Operation Mode
- 11.4.7.6.3 Rest of APAC Advanced Air Mobility Market Breakdown by End Use
- 11.4.7.6.4 Rest of APAC Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.5 Rest of the World
- 11.5.1 Rest of the World Advanced Air Mobility Market Overview
- 11.5.2 Rest of the World Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.5.3 Rest of the World Advanced Air Mobility Market Breakdown by Component
- 11.5.3.1 Rest of the World Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Component
- 11.5.4 Rest of the World Advanced Air Mobility Market Breakdown by Operation Mode
- 11.5.4.1 Rest of the World Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Operation Mode
- 11.5.5 Rest of the World Advanced Air Mobility Market Breakdown by End Use
- 11.5.5.1 Rest of the World Advanced Air Mobility Market Revenue and Forecasts and Analysis - By End Use
- 11.5.6 Rest of the World Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.5.6.1 Rest of the World Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Propulsion Type
- 11.5.7 Rest of the World Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Country
- 11.5.7.1 Middle East & Africa Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.5.7.1.1 Middle East & Africa Advanced Air Mobility Market Breakdown by Component
- 11.5.7.1.2 Middle East & Africa Advanced Air Mobility Market Breakdown by Operation Mode
- 11.5.7.1.3 Middle East & Africa Advanced Air Mobility Market Breakdown by End Use
- 11.5.7.1.4 Middle East & Africa Advanced Air Mobility Market Breakdown by Propulsion Type
- 11.5.7.2 South America Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
- 11.5.7.2.1 South America Advanced Air Mobility Market Breakdown by Component
- 11.5.7.2.2 South America Advanced Air Mobility Market Breakdown by Operation Mode
- 11.5.7.2.3 South America Advanced Air Mobility Market Breakdown by End Use
- 11.5.7.2.4 South America Advanced Air Mobility Market Breakdown by Propulsion Type
12. Advanced Air Mobility Market - Impact of COVID-19 Pandemic
- 12.1 Pre & Post Covid-19 Impact
13. Competitive Landscape
- 13.1 Company Positioning & Concentration
14. Industry Landscape
- 14.1 Overview
- 14.1.1 Market Initiative
- 14.1.2 New Product Development
- 14.1.3 Merger and Acquisition
1. Company Profiles
- 1.1 Airbus SE
- 1.1.1 Key Facts
- 1.1.2 Business Description
- 1.1.3 Products and Services
- 1.1.4 Financial Overview
- 1.1.5 SWOT Analysis
- 1.1.6 Key Developments
- 1.2 EHang Holdings Ltd
- 1.2.1 Key Facts
- 1.2.2 Business Description
- 1.2.3 Products and Services
- 1.2.4 Financial Overview
- 1.2.5 SWOT Analysis
- 1.2.6 Key Developments
- 1.3 Bell Textron Inc.
- 1.3.1 Key Facts
- 1.3.2 Business Description
- 1.3.3 Products and Services
- 1.3.4 Financial Overview
- 1.3.5 SWOT Analysis
- 1.3.6 Key Developments
- 1.4 The Boeing Co
- 1.4.1 Key Facts
- 1.4.2 Business Description
- 1.4.3 Products and Services
- 1.4.4 Financial Overview
- 1.4.5 SWOT Analysis
- 1.4.6 Key Developments
- 1.5 Embraer SA
- 1.5.1 Key Facts
- 1.5.2 Business Description
- 1.5.3 Products and Services
- 1.5.4 Financial Overview
- 1.5.5 SWOT Analysis
- 1.5.6 Key Developments
- 1.6 Elbit Systems Ltd
- 1.6.1 Key Facts
- 1.6.2 Business Description
- 1.6.3 Products and Services
- 1.6.4 Financial Overview
- 1.6.5 SWOT Analysis
- 1.6.6 Key Developments
- 1.7 Volocopter GmbH
- 1.7.1 Key Facts
- 1.7.2 Business Description
- 1.7.3 Products and Services
- 1.7.4 Financial Overview
- 1.7.5 SWOT Analysis
- 1.7.6 Key Developments
- 1.8 Joby Aviation Inc.
- 1.8.1 Key Facts
- 1.8.2 Business Description
- 1.8.3 Products and Services
- 1.8.4 Financial Overview
- 1.8.5 SWOT Analysis
- 1.8.6 Key Developments
- 1.9 Lilium GmbH
- 1.9.1 Key Facts
- 1.9.2 Business Description
- 1.9.3 Products and Services
- 1.9.4 Financial Overview
- 1.9.5 SWOT Analysis
- 1.9.6 Key Developments
- 1.10 Archer Aviation Inc.
- 1.10.1 Key Facts
- 1.10.2 Business Description
- 1.10.3 Products and Services
- 1.10.4 Financial Overview
- 1.10.5 SWOT Analysis
- 1.10.6 Key Developments
2. Appendix
- 2.1 About The Insight Partners