Advanced Aerial Mobility

Global Advanced Aerial Mobility Market to Reach US$28.0 Billion by 2030

The global market for Advanced Aerial Mobility estimated at US$9.9 Billion in the year 2024, is expected to reach US$28.0 Billion by 2030, growing at a CAGR of 18.9% over the analysis period 2024-2030. Air Taxis, one of the segments analyzed in the report, is expected to record a 20.9% CAGR and reach US$15.9 Billion by the end of the analysis period. Growth in the Cargo Drones segment is estimated at 15.1% CAGR over the analysis period.

The U.S. Market is Estimated at US$2.7 Billion While China is Forecast to Grow at 25.9% CAGR

The Advanced Aerial Mobility market in the U.S. is estimated at US$2.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$6.6 Billion by the year 2030 trailing a CAGR of 25.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 14.8% and 17.0% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 15.8% CAGR.

Global Advanced Aerial Mobility (AAM) Market – Key Trends & Drivers Summarized

Why Is Advanced Aerial Mobility Gaining Momentum as the Next Frontier in Urban and Regional Transportation?
Advanced Aerial Mobility (AAM) represents a transformative shift in how people and goods move through urban and intercity environments, leveraging electric vertical takeoff and landing (eVTOL) aircraft, autonomous flight systems, and digitally integrated air traffic control. Envisioned as a scalable solution to traffic congestion, last-mile logistics, and regional connectivity challenges, AAM is drawing interest from aerospace OEMs, mobility providers, and urban planners aiming to redefine the future of transportation infrastructure.

The convergence of electric propulsion, lightweight materials, AI-based navigation, and regulatory support is accelerating the readiness of AAM platforms for commercial deployment. As cities confront growing population density and sustainability targets, AAM offers a pathway toward cleaner, faster, and decentralized mobility systems capable of operating above traditional ground-based constraints.

How Are Technology Platforms, Infrastructure Ecosystems, and Business Models Shaping AAM Commercialization?
Progress in battery energy density, noise reduction technologies, and fly-by-wire control systems is making eVTOL aircraft more viable for routine use in populated areas. Pilot-optional and fully autonomous configurations are being developed to enhance safety, scalability, and operational efficiency. Digital twin simulations, airspace deconfliction algorithms, and UTM (Unmanned Traffic Management) systems are being integrated to enable safe and dynamic routing in low-altitude airspace.

On the ground, vertiport development, high-throughput charging infrastructure, and multi-modal connectivity hubs are essential enablers for operational rollouts. Business models are evolving toward Mobility-as-a-Service (MaaS), with ride-hailing platforms, cargo carriers, and regional air networks exploring fleet-based deployment strategies. Strategic partnerships among OEMs, municipalities, and aviation regulators are emerging as critical drivers of ecosystem readiness and regulatory harmonization.

Which Use Cases and Regional Markets Are Leading the Shift Toward Advanced Aerial Mobility?
Initial deployments are targeting high-value, high-urgency segments such as airport shuttles, medical logistics, VIP transport, and intra-urban commuting. Over time, expansion into on-demand air taxis, freight delivery, and rural connectivity is expected. Government-sponsored pilot programs and commercial trials are already underway in cities like Los Angeles, Dubai, Paris, and Singapore, positioning these regions at the forefront of AAM adoption.

North America and Europe are leading development with strong aviation infrastructure, R&D capabilities, and regulatory innovation. Asia-Pacific, particularly China and South Korea, is rapidly advancing through aggressive investment and integration into smart city plans. Middle Eastern markets are exploring AAM for urban transformation and tourism, while emerging economies are evaluating cargo-centric applications to bypass underdeveloped road networks.

How Are Safety Protocols, Airspace Integration, and Public Acceptance Influencing Market Evolution?
Regulatory frameworks are evolving to accommodate the unique demands of AAM operations, with aviation authorities such as the FAA and EASA working to define certification standards for eVTOL aircraft, autonomous systems, and low-altitude air traffic management. Safety remains paramount, with rigorous testing, redundancy systems, and pilot training programs forming the backbone of public trust.

Public acceptance is also a critical factor, shaped by perceptions of noise, privacy, safety, and accessibility. Stakeholders are investing in community outreach, noise abatement strategies, and transparent risk communication to build confidence in the technology. Integration with existing urban infrastructure and equitable access models are being considered to ensure that AAM serves broader societal mobility goals, not just premium market segments.

What Are the Factors Driving Growth in the Advanced Aerial Mobility Market?
The AAM market is gaining momentum through rapid innovation in propulsion, automation, and digital airspace systems, coupled with growing urbanization and the need for sustainable transportation alternatives. Key growth enablers include increasing investments from aerospace incumbents and tech startups, supportive regulatory developments, and the potential to unlock new economic corridors through vertical mobility.

Looking ahead, the pace and scale of market expansion will depend on how effectively the AAM ecosystem aligns aircraft readiness, infrastructure development, regulatory frameworks, and social acceptance. As aviation and mobility converge into a new paradigm of flight-enabled urbanism, could advanced aerial mobility redefine the very architecture of global transportation?

SCOPE OF STUDY:

The report analyzes the Advanced Aerial Mobility market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Vehicle Type (Air Taxis, Cargo Drones, Emergency Medical Services Drones, Urban Air Mobility Vehicles); Technology (Electric Vertical Takeoff & Landing, Hybrid VTOL, Traditional Aviation); Application (Passenger Transportation, Cargo Transportation, Surveillance & Monitoring, Emergency Services, Agriculture)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 34 Featured) -

• AeroMobil
• Airbus S.A.S.
• Archer Aviation Inc.
• Aurora Flight Sciences
• AutoFlight
• Bell Textron Inc.
• Beta Technologies
• Boeing Company
• Dufour Aerospace
• EHang
• Embraer S.A.
• Eve Air Mobility
• Flytrex
• Heart Aerospace
• Honeywell International Inc.
• Hyundai Motor Company
• Jaunt Air Mobility
• Joby Aviation
• Kitty Hawk Corporation
• Lilium GmbH

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