Advanced Air Mobility Market worth $ 8.9 Billion by 2030 - Exclusive Report by xResearch offering Market Sizes, Forecast, & Competitive Landscape

According to a new report published by xResearch, titled, “Advanced Air Mobility Market Insights, Trends, Opportunity & Forecast, 2021–2030,” the global advanced air mobility market size is anticipated to witness exponential growth during the forecast period i.e. 2021-2030. Factors such as the burgeoning demand for air transportation services and alternative modes of transportation in advanced mobility for commercial applications, the escalating traffic congestion issues across the globe as a result of the rising global population and the surging emphasis on the sustainability of environment due to the rapidly depleting natural resources are among the major factors contributing towards the growth of the global advanced air mobility market.

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According to range, the intercity segment is projected to hold the largest share in the global advanced air mobility market during 2021-2030. The intracity segment is anticipated to attain the highest CAGR in the market during the forecast period. According to component, the infrastructure segment is predicted to witness growth at the fastest growth rate during the forecast period of 2021-2030. However, the vertiports sub-segment is expected to account for the largest share in the market by the end of the forecast period i.e. 2021-2030. According to platform architecture, the fixed-wing hybrid segment is estimated to attain the highest CAGR in the market during the forecast period. According to platform operations, the autonomous segment is anticipated to register growth at the highest growth rate during the forecast period. According to unmanned platform system, the avionics segment is expected to lead the market during the forecast period i.e. 2021-2030.

Geographically, the European region is projected to dominate in the global advanced air mobility market during the forecast period of 2021-2030 and is projected to register growth at the highest CAGR in the market over the forecast period. The North American region is projected to account for the second largest share in the global advanced air mobility market in the forecast period.
Some of the major advanced air mobility companies profiled in the report include Aurora Flight Sciences, Bell Helicopter Textron Inc., Delorean Aerospace LLC, Neva Aerospace, Wisk Aero, Lilium, Kitty Hawk, EHang, Jaunt Air Mobility and Volocopter.

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The global advanced air mobility market is segmented into component, range, platform operations, platform architecture, end user, unmanned platform system and region. Based on component, the market is bifurcated into infrastructure and platform. The infrastructure segment is further categorized into charging stations, vertiports, air traffic management facilities and maintenance facilities. The platform segment is further categorized into air taxis, air shuttles & air metro, personal air vehicles, cargo air vehicles, air ambulance & medical emergency vehicles and last-mile delivery vehicles. Based on range, it is classified into intercity and intracity. Based on platform operations, it is classified into piloted and autonomous. The autonomous segment is further categorized into remotely/optionally piloted and fully autonomous. Based on platform architecture, it is classified into rotary wing and fixed-wing hybrid. Based on end-user, it is classified into ride sharing companies, scheduled operators, e-commerce companies, hospitals & medical agencies and private operators. Based on unmanned platform system, it is classified into aerostructures, avionics, electrical systems, propulsion systems, cabin interiors and software.

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The global advanced air mobility market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa). Countries such as the U.K, France and Germany in Europe and the U.S. in North America are among the major contributors to the growth of the market.

Key Insights of Advanced Air Mobility Market
• On the basis of range, the intercity segment is projected to hold the largest share in the global advanced air mobility market during 2021-2030. The intracity segment is anticipated to attain the highest CAGR in the market during the forecast period
• On the basis of component, the infrastructure segment is predicted to witness growth at the fastest growth rate during the forecast period of 2021-2030. However, the vertiports sub-segment is expected to account for the largest share in the market by the end of the forecast period i.e. 2021-2030.
• On the basis of platform architecture, the fixed-wing hybrid segment is estimated to attain the highest CAGR in the market during the forecast period.
• On the basis of platform operations, the autonomous segment is anticipated to register growth at the highest growth rate during the forecast period.
• On the basis of unmanned platform system, the avionics segment is expected to lead the market during the forecast period i.e. 2021-2030.
• On the basis of region, the European region is projected to dominate in the global advanced air mobility market during the forecast period of 2021-2030 and is projected to register growth at the highest CAGR in the market over the forecast period.

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This release was published on openPR.