Press release
Global Advanced Air Mobility Market Worth $24.56 Billion by 2029, Growing at 20.6% CAGR
Advanced Air Mobility
Advanced Air Mobility Market Outlook: What Size And CAGR Are Anticipated By 2025?
In recent times, the advanced air mobility market has seen exponential growth. Its size is projected to escalate from $9.66 billion in 2024 to $11.6 billion in 2025, witnessing a compound annual growth rate (CAGR) of 20.2%. This substantial growth during the historic period is credited to factors such as a surge in urban population, advancements in regulations, rising interest in urban air mobility solutions from ride-sharing companies and logistics firms, infrastructure improvement, and growing concerns about the environment.
What Is the Expected CAGR for the Advanced Air Mobility Market Growth Through 2029?
The size of the advanced air mobility market is predicted to witness significant expansion in the upcoming years, reaching a valuation of $24.56 billion by 2029, representing a compound annual growth rate (CAGR) of 20.6%. This projected growth can be attributed to factors such as the implementation of comprehensive regulatory frameworks and certification processes, the major advancement and installation of vertiports, charging facilities, and maintenance stations. Plus, the expansion to more cities and regions of urban air mobility routes and services, reduction in costs of air mobility vehicles and operations due to mass production and technological advancements, and growing trust and acceptance among the public for air mobility solutions as they become more prevalent and trustworthy. Key trends for the forecast period incorporate advanced propulsion systems, advancements in fast-charging technology, continued enhancement of autonomous flight systems, development of lightweight, durable materials, as well as intriguing aerodynamic designs.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/advanced-air-mobility-global-market-report
What Are the Primary Drivers Behind Advanced Air Mobility Market Growth?
Rapid urbanization and escalating traffic jams in massive urban conglomerates are anticipated to fuel the expansion of the advanced air mobility market in the future. Urbanization and traffic congestion denote the population surge within urban regions, which results in packed streets and escalating vehicular congestion. Several elements such as demographic growth, financial proliferation, inadequate public transit systems, and the rise in private vehicle ownership are contributors to the increasing urbanization and traffic congestion. Advanced air mobility offers a solution to urbanization and traffic congestion by providing effective, on-demand aerial transport, thus lessening dependence on terrestrial vehicles. As an illustration, the World Bank, a US-centric international financial organization, reported in October 2022 that over fifty percent of the global populace resides in urban areas. By 2045, this figure is estimated to increase by 1.5 times, amounting to six billion individuals. Moreover, a report from the Federal Highway Administration, a government agency in the US released in June 2024, revealed that road and street usage elevated by 1.3%, or 3.8 billion vehicle miles in May 2024 compared to the same month the previous year. Consequently, the rise in urbanization and traffic jams in major cities will spur the growth of the advanced air mobility market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=18211&type=smp
What Are the Key Segments Driving Advanced Air Mobility Market Growth?
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)
What Are the Technological Trends Impacting the Advanced Air Mobility Market?
Key players in the advanced air mobility market are innovating with technology, including rotor fold-away systems, to increase the adaptability of vehicles and smooth the transition between aviation and terrestrial transportation. The rotor fold-away system allows the rotors on the vehicle to retract, ensuring a smooth shift from driving to flying. For instance, XPENG AEROHT, a China-based industrial automation firm, introduced its entirely electric vertical take-off and landing (eVTOL) flying car in October 2022. Not only is this revolutionary vehicle purposed for both terrestrial driving and air flight, but it also has a fashionable rotor fold-away system for an effortless shift between the two. It has a novel flight control system with fault-tolerant functions and a safety-driven dual-engine backup. The design has been enhanced, evolving from a horizontal dual-rotor to a distributed multi-rotor setup, simplifying the design while boosting reliability. The vehicle can ascend and descend vertically, avoiding traffic and barriers, whilst complying with low-altitude airspace rules.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=18211&type=smp
Who Are the Major Competitors in 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
Which Region Dominates the Advanced Air Mobility Market Share in 2025?
Europe was the largest region in the advanced air mobility market in 2024. 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.
#Reach Out to Us#
Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795
Asia +44 7882 955267 & +91 8897263534
Europe +44 7882 955267
Email: saumyas@tbrc.info
The Business Research Company - www.thebusinessresearchcompany.com
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Speak With Our Expert:
Saumya Sahay
Europe - +44 7882 955267,
Asia: +91 88972 63534,
Americas - +1 310-496-7795 or
Email:saumyas@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Advanced Air Mobility Market Worth $24.56 Billion by 2029, Growing at 20.6% CAGR here
News-ID: 4178954 • Views: …
More Releases from The Business Research Company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Air
Thermoelectric Assemblies Market, By Type (Air to Air, Direct to Air, Liquid to …
The thermoelectric assemblies market is expected to witness market growth at a rate of 8.25% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermoelectric assemblies market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the application of thermoelectric assemblies in the food and beverage industry…
Air Ambulance Market 2019 Global Analysis By Key Players – EMA Global , Native …
WiseGuyReports.Com Publish a New Market Research Report On –“ Air Ambulance Market 2019 Global Analysis By Key Players – EMA Global , Native American Air Ambulance, Air Medical Group, REVA Air Ambulance, PHI Air Medical ”.
Air Ambulance Industry 2019
Description:-
Air Ambulance is also known as helicopter emergency medical service, it refers to the aircraft specially adapted for carrying patients with critical condition and serious injury after permanent professional medical…
Air Ambulance Services Market 2019 AMR PHI Air Medical Scandinavian Air Ambulanc …
Air medical services is a comprehensive term covering the use of air transportation, airplane or helicopter, to move patients to and from healthcare facilities and accident scenes. Personnel provide comprehensive prehospital and emergency and critical care to all types of patients during aeromedical evacuation or rescue operations aboard helicopter and propeller aircraft or jet aircraft.
Request a Sample of this Report @ http://www.orbisresearch.com/contacts/request-sample/2398576 …
Air Ambulance Services Market 2026: Air Methods Corporation, Deccan Charters, Sc …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
Publisher’s Air Ambulance Services market research report provides the newest industry data and industry future trends, allowing you to identify the products and…
Air Ambulance Services Market Growth, & Key Business Strategies by Leading Indus …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Air Ambulance Services Speaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in…
Air Ambulance Services Market Analysis Report, Regional Outlook with Key Players …
Coherent Market Insights has announced the addition of the “Air Ambulance Services Market Size Status and Forecast 2026”, The report classifies the global Air Ambulance Services Market in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.
This report studies the global Air Ambulance ServicesSpeaker market, analyzes and researches the Air Ambulance Services Speaker development status and forecast in North…
