Press release
Leading Companies Solidify Their Presence in the Advanced Air Mobility Market
Advanced Air Mobility Market
Projected Growth Trajectory of the Advanced Air Mobility Market
The advanced air mobility market is anticipated to experience remarkable expansion, reaching a value of $29.68 billion by 2030. This represents a compound annual growth rate (CAGR) of 20.7%. Factors contributing to this surge include the accelerated implementation of urban air mobility regulations, the widespread adoption of electric propulsion technologies, advancements in autonomous navigation, strategic airspace planning within smart cities, and the commercialization of air taxi services. Key trends expected to influence this growth involve the proliferation of urban air taxi initiatives, the development of autonomous flight systems, the broadening use of electric vertical takeoff and landing (eVTOL) platforms, integration with air traffic management systems, and increased investment in infrastructure to support advanced air mobility.
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Leading Companies Driving Innovation in the Advanced Air Mobility Market
Several prominent players dominate the advanced air mobility landscape, including 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, and The Helicopter Company. These companies are actively shaping the future of urban air transportation through continuous innovation and strategic partnerships.
Significant Acquisition Strengthens Market Position
In July 2023, Ampaire, a US-based company specializing in aviation and aerospace equipment manufacturing, acquired Talyn Air in a deal with undisclosed financial details. This move is intended to reinforce Ampaire's leadership in aviation electrification, support profitable growth, and expand into related sectors such as defense, drones, and electric vertical takeoff and landing (eVTOL) vehicles. Talyn Air, also US-based, focuses on developing advanced air mobility solutions, particularly in the eVTOL aircraft systems segment.
View the full advanced air mobility market report:
https://www.thebusinessresearchcompany.com/report/advanced-air-mobility-global-market-report
How Advanced Air Mobility Companies Are Embracing Digital Air-Traffic Solutions
A major focus within the advanced air mobility industry is the implementation of urban air-traffic management (UATM) systems. These digital platforms are designed to coordinate and regulate the movements of advanced air vehicles-including drones and eVTOL aircraft-within highly congested urban airspace. UATM helps optimize flight paths, avoid collisions, reduce traffic congestion, and maintain safe and efficient operations in densely populated areas.
Innovative Platforms Pushing India's Advanced Air Mobility Forward
For example, in May 2025, JetSetGo, an Indian private jet and helicopter charter company, launched Air Mobility India-an innovative platform dedicated to advanced air mobility. The platform is built around four key pillars and serves as a comprehensive hub for news, blogs, and worldwide content related to AAM. Future plans include the addition of a video library and an AI assistant named "Ami," designed to guide users, gather interaction data, and anticipate their needs. The platform also fosters community discussions focused on regional priorities like improving medical transport in remote regions and reducing commute times in major urban centers, positioning India as a leader in sustainable air mobility solutions.
Segment Breakdown and Market Forecast in Advanced Air Mobility
The comprehensive report segments the advanced air mobility market as follows:
1) By Type: Air Taxis and Drones
2) By Component: Hardware and Software
3) By Mode of Operation: Piloted and Autonomous
4) By Propulsion Type: Parallel Hybrid, Electric, and Turboelectric Propulsion
5) By Application: Cargo Transport, Passenger Transport, Mapping and Surveying, Special Missions, Surveillance and Monitoring, and Other Applications
Within subsegments:
- Air Taxis include Electric Vertical Takeoff and Landing (eVTOL) Aircraft, Hybrid VTOL Aircraft, Autonomous Air Taxis, and Piloted Air Taxis.
- Drones are categorized as Delivery Drones, Passenger Drones, Surveillance Drones, and Cargo Drones.
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