Global Advanced Air Mobility Market
Description
Global Advanced Air Mobility Market Size was valued at USD 9,148.6 million in 2024 and is poised to grow from USD 11,236.4 million in 2025 to USD 62,845.9 million by 2032, growing at a CAGR of 28.0% during the forecast period (2025–2032).
The Advanced Air Mobility (AAM) market is witnessing transformative growth, driven by rapid advancements in electric propulsion, autonomous flight systems, and urban air transportation concepts. AAM platforms—including eVTOL and STOL aircraft—are being developed to address urban congestion, reduce travel time, and enable sustainable short-range mobility solutions. Strong demand is emerging from passenger transport, cargo & logistics, emergency medical services, and surveillance applications. Market growth is further supported by increasing investments from aerospace OEMs, technology companies, and government agencies focused on next-generation mobility infrastructure. Regulatory progress in airworthiness certification and air traffic management integration is accelerating pilot deployments and commercialization efforts. Overall, the market is propelled by technological innovation, urbanization, and the global shift toward low-emission transportation systems.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Advanced Air Mobility market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the Market Size includes the following details: Key market participants were identified through extensive secondary research, and their market contributions were evaluated using a combination of primary interviews and secondary data analysis. This process involved assessing company financials, aircraft development pipelines, certification progress, and strategic partnerships, along with in-depth interviews with industry stakeholders such as CEOs, VPs, directors, and program managers. All percentage splits and segmental breakdowns were derived from secondary sources and validated through primary research to ensure reliable qualitative and quantitative insights.
Global Advanced Air Mobility Market Segments Analysis
Global Advanced Air Mobility Market is segmented by Component, Aircraft Type, Wing Type, Mode of Operation, Propulsion Type, Range, Application, End-user, and region. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Aircraft Type, the market is segmented into eVTOL, STOL, and Others. Based on Wing Type, the market is segmented into Fixed Wing, Rotary Blade, and Hybrid. Based on Mode of Operation, the market is segmented into Piloted and Semi / Fully Autonomous. Based on Propulsion Type, the market is segmented into Electric, Gasoline, and Others. Based on Range, the market is segmented into Below 100 km, 100 km–250 km, 250 km–500 km, and More than 500 km. Based on Application, the market is segmented into Cargo & Logistics Transport, Passenger Transport, Emergency & Medical Services, Surveillance & Monitoring, Special Mission, and Others. Based on End-user, the market is segmented into Commercial, Government & Military, Private Operators, and Infrastructure & Platform Operators. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Driver of the Global Advanced Air Mobility Market
The Global Advanced Air Mobility market is witnessing robust growth driven by increasing urban congestion and the demand for faster, sustainable transportation alternatives. Electric vertical take-off and landing (eVTOL) aircraft offer zero-emission operations, reduced noise levels, and efficient point-to-point connectivity, making them attractive for urban and regional mobility. Strong government and private-sector investments in smart city initiatives, urban air traffic management systems, and pilot mobility corridors are accelerating market adoption. Additionally, growing demand for rapid medical evacuation, time-sensitive cargo delivery, and defense surveillance missions is further strengthening demand for advanced air mobility solutions.
Restraints in the Global Advanced Air Mobility Market
The Global Advanced Air Mobility market faces restraints related to regulatory complexity, infrastructure readiness, and high development costs. Certification of new aircraft architectures, autonomous systems, and electric propulsion technologies involves lengthy and stringent regulatory processes, which can delay commercialization timelines. Additionally, the lack of widespread vertiport infrastructure, charging facilities, and integrated air traffic management systems poses deployment challenges. High R&D expenditures, battery limitations, and concerns related to safety, public acceptance, and operational scalability further constrain near-term adoption, particularly in emerging markets.
Market Trends of the Global Advanced Air Mobility Market
The Global Advanced Air Mobility market is experiencing notable trends toward electrification, autonomy, and ecosystem-based development. Manufacturers are increasingly focusing on fully electric and hybrid-electric propulsion systems to improve efficiency and reduce operating costs. Strategic collaborations between aircraft OEMs, technology providers, infrastructure developers, and mobility service operators are shaping integrated AAM ecosystems. Additionally, gradual transition from piloted to semi- and fully autonomous operations is expected to enhance scalability and cost efficiency over the long term. Rising pilot projects, demonstration flights, and urban air mobility trials across North America, Europe, and Asia-Pacific are defining the future trajectory of the market.
The Advanced Air Mobility (AAM) market is witnessing transformative growth, driven by rapid advancements in electric propulsion, autonomous flight systems, and urban air transportation concepts. AAM platforms—including eVTOL and STOL aircraft—are being developed to address urban congestion, reduce travel time, and enable sustainable short-range mobility solutions. Strong demand is emerging from passenger transport, cargo & logistics, emergency medical services, and surveillance applications. Market growth is further supported by increasing investments from aerospace OEMs, technology companies, and government agencies focused on next-generation mobility infrastructure. Regulatory progress in airworthiness certification and air traffic management integration is accelerating pilot deployments and commercialization efforts. Overall, the market is propelled by technological innovation, urbanization, and the global shift toward low-emission transportation systems.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Advanced Air Mobility market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the Market Size includes the following details: Key market participants were identified through extensive secondary research, and their market contributions were evaluated using a combination of primary interviews and secondary data analysis. This process involved assessing company financials, aircraft development pipelines, certification progress, and strategic partnerships, along with in-depth interviews with industry stakeholders such as CEOs, VPs, directors, and program managers. All percentage splits and segmental breakdowns were derived from secondary sources and validated through primary research to ensure reliable qualitative and quantitative insights.
Global Advanced Air Mobility Market Segments Analysis
Global Advanced Air Mobility Market is segmented by Component, Aircraft Type, Wing Type, Mode of Operation, Propulsion Type, Range, Application, End-user, and region. Based on Component, the market is segmented into Hardware, Software, and Services. Based on Aircraft Type, the market is segmented into eVTOL, STOL, and Others. Based on Wing Type, the market is segmented into Fixed Wing, Rotary Blade, and Hybrid. Based on Mode of Operation, the market is segmented into Piloted and Semi / Fully Autonomous. Based on Propulsion Type, the market is segmented into Electric, Gasoline, and Others. Based on Range, the market is segmented into Below 100 km, 100 km–250 km, 250 km–500 km, and More than 500 km. Based on Application, the market is segmented into Cargo & Logistics Transport, Passenger Transport, Emergency & Medical Services, Surveillance & Monitoring, Special Mission, and Others. Based on End-user, the market is segmented into Commercial, Government & Military, Private Operators, and Infrastructure & Platform Operators. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Driver of the Global Advanced Air Mobility Market
The Global Advanced Air Mobility market is witnessing robust growth driven by increasing urban congestion and the demand for faster, sustainable transportation alternatives. Electric vertical take-off and landing (eVTOL) aircraft offer zero-emission operations, reduced noise levels, and efficient point-to-point connectivity, making them attractive for urban and regional mobility. Strong government and private-sector investments in smart city initiatives, urban air traffic management systems, and pilot mobility corridors are accelerating market adoption. Additionally, growing demand for rapid medical evacuation, time-sensitive cargo delivery, and defense surveillance missions is further strengthening demand for advanced air mobility solutions.
Restraints in the Global Advanced Air Mobility Market
The Global Advanced Air Mobility market faces restraints related to regulatory complexity, infrastructure readiness, and high development costs. Certification of new aircraft architectures, autonomous systems, and electric propulsion technologies involves lengthy and stringent regulatory processes, which can delay commercialization timelines. Additionally, the lack of widespread vertiport infrastructure, charging facilities, and integrated air traffic management systems poses deployment challenges. High R&D expenditures, battery limitations, and concerns related to safety, public acceptance, and operational scalability further constrain near-term adoption, particularly in emerging markets.
Market Trends of the Global Advanced Air Mobility Market
The Global Advanced Air Mobility market is experiencing notable trends toward electrification, autonomy, and ecosystem-based development. Manufacturers are increasingly focusing on fully electric and hybrid-electric propulsion systems to improve efficiency and reduce operating costs. Strategic collaborations between aircraft OEMs, technology providers, infrastructure developers, and mobility service operators are shaping integrated AAM ecosystems. Additionally, gradual transition from piloted to semi- and fully autonomous operations is expected to enhance scalability and cost efficiency over the long term. Rising pilot projects, demonstration flights, and urban air mobility trials across North America, Europe, and Asia-Pacific are defining the future trajectory of the market.
Table of Contents
399 Pages
- 1. Introduction
- 1.1. Objectives of the Study
- 1.2. Market Definition & Scope
- 2. Research Methodology
- 2.1. Research Process
- 2.2. Secondary & Primary Data Methods
- 2.3. Market Size Estimation Methods
- 2.4. Market Assumptions & Limitations
- 3. Executive Summary
- 3.1. Global Market Outlook
- 3.2. Key Market Highlights
- 3.3. Segmental Overview
- 4. Market Dynamics & Outlook
- 4.1. Macro-Economic Indicators
- 4.2. Drivers & Opportunities
- 4.3. Restraints & Challenges
- 4.4. Supply Side Trends
- 4.5. Demand Side Trends
- 4.6. Porter's Analysis & Impact
- 4.6.1. Competitive Rivalry
- 4.6.2. Threat of Substitutes
- 4.6.3. Bargaining Power of Buyers
- 4.6.4. Threat of New Entrants
- 4.6.5. Bargaining Power of Suppliers
- 5. Key Market Insights
- 5.1. Key Success Factors
- 5.2. Market Impacting Factors
- 5.3. Top Investment Pockets
- 5.4. Market Attractiveness Index, 2024
- 5.5. Market Ecosystem
- 5.6. PESTEL Analysis
- 5.7. Macro-Economic Indicator
- 5.8. Regulatory Landscape
- 5.9. Technology Analysis
- 5.10. Value Chain Analysis
- 5.11. Patent Analysis
- 6. Advanced Air Mobility Market Size by Component (2019–2032)
- 6.1. Hardware
- 6.1.1. Aerostructure
- 6.1.2. Avionics
- 6.1.3. Flight Control System
- 6.1.4. Propulsion System
- 6.1.5. Others
- 6.2. Software
- 6.3. Services
- 7. Advanced Air Mobility Market Size by Aircraft Type (2019–2032)
- 7.1. EVTOL
- 7.2. STOL
- 7.3. Others
- 8. Advanced Air Mobility Market Size by Wing Type (2019–2032)
- 8.1. Fixed Wing
- 8.2. Rotary Blade
- 8.3. Hybrid
- 9. Advanced Air Mobility Market Size by Mode of Operation (2019–2032)
- 9.1. Piloted
- 9.2. Semi / Fully Autonomous
- 10. Advanced Air Mobility Market Size by Propulsion Type (2019–2032)
- 10.1. Gasoline
- 10.2. Electric
- 10.3. Others
- 11. Advanced Air Mobility Market Size by Range (2019–2032)
- 11.1. Below 100 km
- 11.2. 100 km – 250 km
- 11.3. 250 km – 500 km
- 11.4. More than 500 km
- 12. Advanced Air Mobility Market Size by Application (2019–2032)
- 12.1. Cargo & Logistics Transport
- 12.2. Passenger Transport
- 12.3. Emergency & Medical Services
- 12.4. Surveillance & Monitoring
- 12.5. Special Mission
- 12.6. Others
- 13. Advanced Air Mobility Market Size by End-user (2019–2032)
- 13.1. Commercial
- 13.2. Government & Military
- 13.3. Private Operators
- 13.4. Infrastructure & Platform Operators
- 14. Advanced Air Mobility Market Size by Region (2019–2032)
- 14.1. North America (By Component, By Aircraft Type, By Wing Type, By Mode of Operation, By Propulsion Type, By Range, By Application, By End-user)
- 14.1.1. US
- 14.1.2. Canada
- 14.2. Europe (By Component, By Aircraft Type, By Wing Type, By Mode of Operation, By Propulsion Type, By Range, By Application, By End-user)
- 14.2.1. UK
- 14.2.2. Germany
- 14.2.3. Spain
- 14.2.4. France
- 14.2.5. Italy
- 14.2.6. Rest of Europe
- 14.3. Asia-Pacific (By Component, By Aircraft Type, By Wing Type, By Mode of Operation, By Propulsion Type, By Range, By Application, By End-user)
- 14.3.1. China
- 14.3.2. India
- 14.3.3. Japan
- 14.3.4. South Korea
- 14.3.5. Rest of Asia Pacific
- 14.4. Latin America (By Component, By Aircraft Type, By Wing Type, By Mode of Operation, By Propulsion Type, By Range, By Application, By End-user)
- 14.4.1. Brazil
- 14.4.2. Mexico
- 14.4.3. Rest of Latin America
- 14.5. Middle East & Africa (By Component, By Aircraft Type, By Wing Type, By Mode of Operation, By Propulsion Type, By Range, By Application, By End-user)
- 14.5.1. GCC Countries
- 14.5.2. South Africa
- 14.5.3. Rest of Middle East & Africa
- 15. Competitive Landscape
- 15.1. Competitive Dashboard
- 15.2. Market Positioning of Key Players, 2024
- 15.3. Strategies Adopted by Key Market Players
- 15.4. Recent Developments in the Market
- 15.5. Company Market Share Analysis, 2024
- 16. Key Company Profiles
- 16.1. The Boeing Company (Wisk Aero)
- 16.2. Bell Textron Inc.
- 16.3. Manta Aircraft
- 16.4. Guangzhou EHang Intelligent Technology Co. Ltd.
- 16.5. XTI Aerospace, Inc.
- 16.6. Joby Aviation
- 16.7. TCAB Tech
- 16.8. SkyDrive Inc.
- 16.9. Samson Sky
- 16.10. Vertical Aerospace Group Ltd.
- 16.11. Volocopter GmbH
- 16.12. Archer Aviation
- 16.13. Beta Technologies
- 16.14. Supernal
- 16.15. Eve Air Mobility
- 16.16. Elroy Air
- 16.17. Horizon Aircraft
- 16.18. AutoFlight
- 16.19. Urban Aeronautics
- 16.20. REGENT
- 17. Conclusion & Recommendation
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