Advanced Air Mobility Market Size, Share 2025-2034

Advanced Air Mobility Market: Overview

Advanced Air Mobility Market Size, Trends and Insights By Component (Hardware, Software), By Type (Air Taxis, Drones, Others), By Propulsion Type (Gasoline, Electric, Hybrid), By Application (Cargo Transport, Passenger Transport, Mapping & Surveying, Special Mission, Surveillance & Monitoring, Others), By End User (Commercial, Government & Military), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025 - 2034

According to Custom Market Insights (CMI), The Advanced Air Mobility Market  size was estimated at USD 15.6 Billion in 2025 and is expected to hit around USD 114.5 Billion by 2034, poised to grow at a compound annual growth rate (CAGR) of 24.8% from 2025 to 2034.

According to industry experts at CMI, advanced air mobility is defined as an innovative method to move people and objects by means of air that uses advanced aircraft technology such as electric vertical takeoff and landing (eVTOL) aircraft. They perform their services where traditional aircraft are limited to use. They emphasize making things more cost-effective, safe, and environmentally friendly, and it may be used for a wide range of things, such as moving people and goods among regions and cities (UAM).

Get a Free Sample Report with All Related Graphs & Charts (with COVID 19 Impact Analysis): https://www.custommarketinsights.com/request-for-free-sample/?reportid=27344 

Advanced Air Mobility Market: Growth Drivers

• Rising Adoption of Electric and Hybrid Aircraft: The growing significance of sustainability and reducing carbon emissions. The production of electric and hybrid aircraft is experiencing a global revival as governments and businesses focus their resources on meeting climate goals. The utilization of advanced air mobility is advancing more quickly as a result of these cleaner and more energy efficient modes of transportation. For instance, in July 2024, through its subsidiary, Nidec Motor Corporation, Nidec stated that it will invest USD 20 million in a minority ownership stake in Eve Air Mobility (Eve), a producer of electric vertical take-off and landing (eVTOL) aircraft and a partner in the launch of Nidec Aerospaces propulsion system.

• Urban Congestion and Environmental Sustainability: The growing number of people moving to cities and the traffic jams that happen there have made the need for other ways to get about even greater. Advanced Air Mobility could help ease traffic on the ground by offering aerial transportation, which is faster and more efficient. This is what drives the desire for AAM solutions. Also, the aviation industrys effect on the environment has made people more interested in environmentally friendly ways to go about. AAMs electric and hybrid-electric planes promise to lower carbon emissions and noise pollution, which makes them a beneficial alternative for people and governments who care about the environment and want eco-friendly ways to go about.

• Rise of Advanced Air Mobility Solutions: There is an increasing need for the global advanced air mobility sector to help with urban transportation systems to deal with too much traffic. As cities grow and ground transportation networks cant keep up, we need faster and more efficient transportation systems that work above mens non-elevated transit, such as eVTOLs and air taxis, to make it easier for people to get around in cities.

Report URL: https://www.custommarketinsights.com/report/advanced-air-mobility-market/ 

Advanced Air Mobility Market: Regional Analysis

• North America: North America is expected to dominate the market over the forecast period. The growing need for on-demand urban air transportation services to ease traffic and shorten travel times in congested areas is propelling the regional market. Large-scale infrastructural development, support from the government, and partnerships between well-established aerospace companies and innovative new startups all benefit the area.

• Europe: Europe is expected to grow at the highest CAGR over the analysis period. Innovation in technology and sustainability are key factors driving this market. While nations like the UK and Germany invest in infrastructure like vertiports, the European Aviation Safety Agency (EASA) has played a significant role in creating regulatory frameworks. Integrating eVTOL aircraft into urban transportation networks requires public-private sector partnerships, as demonstrated by initiatives like the UKs vertiport testbed by E-Skyports Infrastructure.

• Asia-Pacific: The Asia Pacific region holds a prominent market share of the market revenue share during the analysis period. The regional growth of the market is growing due to the rising investment and increasing urbanization. Moreover, the innovation in products by the key market players in the area benefitted to the industry expansion.

• LAMEA: The regional expansion is growing significantly over the projected period as the growing focus of the government is for sustainability. Moreover, the regional market is also influenced by the rising funding to create advanced infrastructure for AAM.

Advanced Air Mobility Market: Recent Developments

• In January 2024: Supernal LLC - Hyundai Motor Groups Advanced Air Mobility (AAM) company unveiled S A2, its electric vertical takeoff and landing (eVTOL) vehicle product concept at CES 2024. The pilot plus four passenger vehicle marks the latest milestone in Supernals roadmap to commercialize safe, efficient and affordable everyday passenger air travel.

• In September 2024: Joby Aviation recently achieved a notable achievement in aviation history as it performed its first crewed test flight of the Joby eVTOL aircraft within a designed city setting. This achievement indicates the companys advancement towards realizing its goal of commercial passenger operations, which entails providing air taxi services in urban regions by 2025.

Key Players:

• Airbus S.A.S.
• Aurora Flight Sciences
• Bell Textron Inc.
• Guangzhou EHang Intelligent Technology Co. Ltd.
• Embraer S.A.
• Joby Aviation
• Lilium GmbH
• Neva Aerospace
• Opener Inc.
• PIPSTREL (Textron Inc.)
• Vertical Aerospace Group Ltd.
• Volocopter GmbH
• Wisk Aero (The Boeing Company)
• Workhorse Group Inc.
• Others

Press Release: https://www.custommarketinsights.com/press-releases/advanced-air-mobility-market-size/ 

The Advanced Air Mobility Market is segmented as follows:

By Component

• Hardware
• Software

By Type

• Air Taxis
• Drones
• Others

By Propulsion Type

• Gasoline
• Electric
• Hybrid

By Application

• Cargo Transport
• Passenger Transport
• Mapping & Surveying
• Special Mission
• Surveillance & Monitoring
• Others

By End User

• Commercial
• Government & Military

On the basis of Geography

North America

• The US
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Russia
• Italy
• Spain
• Netherlands
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• New Zealand
• Taiwan
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America

Browse Other Custom Market Insights coverage of the Automotive Industry

• US HD Map for Autonomous Driving Market 

• Global Automotive Hub Bearing Market 

• Global Road Haulage Market 

• Global Automotive E-Compressor Market 

• Texas Auto Parts Market 

• Global Electric Vehicle Range Extender Market 

• Indonesian Automotive Aftermarket Service Market 

• US Auto Analytics Market 

• Automotive Panoramic Sunroof Market 

• Automotive Blind Spot Detection System Market