Increasing Urbanization And Traffic Congestion Drive Growth In The Advanced Air Mobility Market: Critical Driver Shaping the Advanced Air Mobility Market in 2025

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Advanced Air Mobility Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
There has been a significant expansion in the advanced air mobility market size in the last few years. The market, which will be valued at $9.66 billion in 2024, is expected to escalate to a value of $11.74 billion in 2025, with a compound annual growth rate (CAGR) of 21.5%. The driving factors for this growth during the historical period were a rise in urban population, advancements in regulation, keen interest from ride-hailing companies and logistics businesses in urban air mobility solutions, infrastructure progress, along with increasing ecological concerns.

Advanced Air Mobility Market Size Forecast: What's the Projected Valuation by 2029?
The market for advanced air mobility is projected to undergo substantial expansion in the coming years, with expected growth to $25.3 billion by 2029 at a CAGR of 21.2%. Key growth drivers during the forecast period include the establishment of comprehensive regulatory and certification frameworks, considerable advancements in vertiports, charging stations, and maintenance facilities, wider expansion of urban air mobility routes and services, reduced costs associated with air mobility vehicles and operations due to mass production and technological advancements, and increased public confidence in air mobility solutions as they prove to be more consistent and dependable. Future trends likely to impact the forecast period encompass sophisticated propulsion systems, breakthroughs in rapid-charge technology, ongoing enhancements to autonomous flight systems, the invention of robust, lightweight materials, and creative aerodynamic designs.

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What Are the Drivers Transforming the Advanced Air Mobility Market?
The escalating urbanization and gridlocked traffic in numerous significant cities are anticipated to foster the expansion of the advanced air mobility market in future. This type of urbanization and congestion stems from a growing population in cities, resulting in bottlenecked thoroughfares and escalated vehicle traffic. This urbanization and traffic congestion may be attributed to numerous elements, including population expansion, economic progression, insufficient public transport facilities, and increased ownership of private vehicles. Advanced air mobility aims to mitigate urbanization and traffic congestion by offering effective air transportation on demand, reducing the dependency on surface transport. For instance, the World Bank revealed in October 2022 that over half of the global population resides in metropolitan areas, and this is projected to surge by 1.5 times to 6 billion individuals by 2045. Furthermore, according to a study reported by the Federal Highway Administration in June 2024, the travel on all highways and roads increased by 1.3%, or 3.8 billion vehicle miles, in May 2024 compared to May 2023. As a result, the ascending urbanization and traffic congestion in major cities will underpin the advancement of the advanced air mobility market.

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What Long-Term Trends Will Define the Future of the Advanced Air Mobility Market?
Advanced air mobility market's leading enterprises are introducing innovative technologies including the rotor fold-away system to augment vehicle adaptability and smoothen the transition from aerial to terrestrial transportation. This system makes it possible for the vehicle's rotors to be retracted, making the transition from road driving to flying seamless. In the same vein, an industrial automation firm from China, XPENG AEROHT dropped its fully electrics vertical take-off and landing (eVTOL) flying car in October 2022. This groundbreaking vehicle is capable of both road and air travel, hinged with a sophisticated rotor fold-away system for easy switching between these modes. It includes a safety dual-engine backup along with a new flight control system fitted with fault-tolerant features. The design has been advanced from a horizontal dual-rotor arrangement to a distributed multi-rotor setup, curbing complexity and boosting reliability. It is capable of vertical take-offs and landings, allowing it to maneuver over traffic and impediments in compliance with low-altitude airspace rules.

Which Segments in the Advanced Air Mobility Market Offer the Most Profit Potential?
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

Subsegments:
1) By Air Taxis: Electric Vertical Takeoff And Landing (eVTOL) Aircraft, Hybrid VTOL Aircraft, Autonomous Air Taxis, Piloted Air Taxis
2) By Drones: Delivery Drones, Passenger Drones, Surveillance Drones, Cargo Drones
3) By Other Types: Personal Air Vehicles (PAVs), Regional Air Mobility (RAM) Aircraft, Unmanned Aerial Vehicles (UAVs)

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Which Firms Dominate the Advanced Air Mobility Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in the Advanced Air Mobility Market?
Europe was the largest region in the advanced air mobility market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the advanced air mobility market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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