The global Advanced Air Mobility 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.

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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

Advanced Air Mobility Market Segmentation

Grand View Research has segmented the global advanced air mobility market on the basis of component, application, end-user, product, type, maximum take-off weight, operating mode, propulsion type, range, and region:

List of Key Players in the Advanced Air Mobility Market

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