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Advanced Air Mobility Market Report 2024: Size, Share, Growth, Industry Trends, Key Players, Forecast to 2033
Advanced Air Mobility Market
As per the report, the advanced air mobility market size has grown exponentially in recent years. It will grow from $7.97 billion in 2023 to $9.66 billion in 2024 at a compound annual growth rate (CAGR) of 21.1%. The advanced air mobility market size is expected to see exponential growth in the next few years. It will grow to $20.89 billion in 2028 at a compound annual growth rate (CAGR) of 21.3%.
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What Is Driving The Growth Of The Global Advanced Air Mobility Market?
Increasing Urbanization And Traffic Congestion Drive Growth In The Advanced Air Mobility Market
The increasing urbanization and traffic congestion in major cities are expected to propel the growth of the advanced air mobility market going forward. Urbanization and traffic congestion refer to the increase in population in urban areas, leading to overcrowded roads and increased vehicular traffic. The increasing urbanization and traffic congestion are due to several factors, such as population growth, economic development, inadequate public transportation infrastructure, and the rise in private vehicle ownership. Advanced air mobility helps alleviate urbanization and traffic congestion by providing efficient, on-demand air transportation, reducing the reliance on ground-based vehicles.
What Is The Key Trend In The Global Advanced Air Mobility Market?
Innovative Advancements In Advanced Air Mobility With The Rotor Fold-Away System
Major companies in the advanced air mobility market are developing advanced technologies such as the rotor fold-away system to enhance vehicle versatility and facilitate seamless transitions between air and ground travel. The rotor fold-away system enables the vehicle's rotors to retract, allowing it to switch effortlessly between driving on roads and flying.
How Is The Global Advanced Air Mobility Market Segmented?
The advanced air mobility market covered in this report is segmented -
1) By Type: Air Taxis, Drones, Other Types
2) By Component: Hardware, Software
3) By Mode Of Operation: Piloted Mode Of Operation, Autonomous Mode Of Operation
4) By Propulsion Type: Parallel Hybrid Propulsion, Electric Propulsion, Turboshaft Propulsion, Turboelectric Propulsion
5) By Application: Cargo Transport, Passenger Transport, Mapping And Surveying, Special Mission, Surveillance And Monitoring, Other Applications
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How Is The Competitive Landscape Of The Global Advanced Air Mobility Market?
Major companies operating in the advanced air mobility market are The Boeing Company, Airbus SE, Honeywell International Inc., Bell Textron Inc., Bristow Group Inc., Joby Aviation, Archer Aviation Inc., Lilium GmbH, Volocopter GmbH, Aurora Flight Sciences Corporation, Eve Air Mobility Inc., Wisk Aero LLC, Vertical Aerospace Ltd, Elroy Air Inc., Opener Inc., Urban Aeronautics Ltd, EHang Holdings Limited, Workhorse Group Inc., Pipistrel Co, The Helicopter Company
Contents Of The Global Advanced Air Mobility Market
1. Executive Summary
2. Advanced Air Mobility Market Report Structure
3. Advanced Air Mobility Market Trends And Strategies
4. Advanced Air Mobility Market - Macro Economic Scenario
5. Advanced Air Mobility Market Size And Growth
…..
27. Advanced Air Mobility Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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