Press release
Future Perspectives: Key Trends Shaping the Personal Air Vehicles (PAVs) Market Until 2030
Personal Air Vehicles (PAVs) Market
Forecasted Growth and Market Size for Personal Air Vehicles
The size of the personal air vehicles market is anticipated to witness impressive growth, reaching $4.96 billion by 2030. This represents a compound annual growth rate (CAGR) of 20.4% during the forecast period. Several factors contribute to this surge, including increased regulatory backing for advanced air mobility (AAM), enhancements in battery energy density, progress in autonomous flight certification, integration with smart city infrastructure, and a growing demand for sustainable transportation options. Key trends shaping the market include the development of electric vertical take-off and landing (eVTOL) platforms, expansion of urban air mobility services, wider adoption of autonomous flight technologies, growth in hybrid and hydrogen-powered aircraft, and rising demand for on-demand air mobility solutions.
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Top Companies Influencing the Personal Air Vehicles Market
The personal air vehicles market features a broad range of influential players actively driving innovation and production. Leading companies in this space include Hyundai Motor Company, The Boeing Company, Airbus SE, EmbraerX Inc., Moog Inc., Bell Textron Inc., Hanwha Systems Co. Ltd., Aston Martin Lagonda Global Holdings plc, Lilium GmbH, Archer Aviation Inc., Volocopter GmbH, Vertical Aerospace Ltd., SkyDrive Inc., Eve Air Mobility Inc., Opener Inc., PAL-V International B.V., EHang Holdings Limited, Pivotal Aero Inc., Joby Aviation Inc., and Samson Sky LLC.
Significant Acquisition Enhancing Market Capabilities
In February 2024, BAE Systems plc, a prominent UK aerospace firm, acquired Malloy Aeronautics Limited for an undisclosed sum. This acquisition is aimed at bolstering BAE Systems' capabilities in unmanned aerial systems (UAS) and enhancing its portfolio in next-generation defense technologies. Malloy Aeronautics specializes in personal air vehicle solutions, and integrating its expertise will strengthen BAE's position in advanced air mobility.
View the full personal air vehicles (pavs) market report:
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Emerging Partnerships Accelerate Innovation in Personal Air Vehicles
Leading market players are increasingly embracing strategic partnerships to expand production capacity and improve next-generation air mobility offerings. These alliances focus on combining resources and expertise to foster innovation and create long-term value rather than short-term benefits. For example, in June 2025, AIR, a US-based aircraft manufacturer, teamed up with Germany's EDAG Group to develop and produce the main airframe for the AIR ONE eVTOL model. This collaboration focuses on scalable manufacturing for both manned and unmanned aircraft, featuring innovations such as modular aluminum frames, folding wings, and expanded cabin space tailored for personal and commercial use. Assembly acceleration and ramped-up production are underway, with initial structures already delivered for ongoing manufacturing and customer fulfillment.
Key Segments Driving the Expansion of the Personal Air Vehicles Market
This report breaks the personal air vehicles market down into several important segments:
1) By Product Type: Electric Vertical Take-Off and Landing (eVTOL) Aircraft, Hybrid-Electric Aircraft, Hydrogen-Powered Aircraft
2) By Technology: Autonomous, Semi-Autonomous, Manual
3) By Distribution Channel: Direct Sales, Distributors, Online Platforms
4) By Application: Urban Air Mobility, Emergency Services, Recreational Use, Other Applications
5) By End-User: Individual Consumers, Commercial Operators, Government Agencies
Further subcategories include:
- eVTOL Aircraft: Multicopter, Lift Plus Cruise, Vectored Thrust
- Hybrid-Electric Aircraft: Parallel Hybrid, Series Hybrid, Turboelectric Hybrid
- Hydrogen-Powered Aircraft: Hydrogen Combustion Engine, Hydrogen Fuel Cell, Hybrid Hydrogen Systems
The diversification across these segments underscores the varied technological approaches and market applications that are propelling the personal air vehicles sector forward.
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