Advanced Air Mobility Market
Advanced Air Mobility Market Forecasts to 2032 - Global Analysis By Type (Electric Vertical Takeoff and Landing (eVTOL) Aircraft, Drones, Emergency Medical Services (EMS) Drones, Hybrid Aircraft, Urban Air Mobility (UAM) Vehicles and Other Types), Propulsion Type, Component, Operating Mode, Range, Application, End User and By Geography
|
Years Covered |
2022-2032 |
|
Estimated Year Value (2025) |
US $16.5 BN |
|
Projected Year Value (2032) |
US $86.1 BN |
|
CAGR (2025 - 2032) |
26.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Advanced Air Mobility Market is accounted for $16.5 billion in 2025 and is expected to reach $86.1 billion by 2032 growing at a CAGR of 26.6% during the forecast period. Advanced Air Mobility (AAM) is an emerging air transportation system that uses new aircraft technologies such as electric vertical takeoff and landing (eVTOL) vehicles, drones, and other advanced aircraft to move people and cargo between urban, suburban, and rural locations. It focuses on improving mobility by offering safe, efficient, and sustainable low-altitude operations. AAM includes applications like urban air taxis, regional passenger transport, emergency services, and cargo delivery. It integrates advanced automation, air traffic management systems, and electric or hybrid propulsion to reduce emissions and noise.
According to McKinsey & Company, Inc., the future air mobility industry received aircraft orders worth around USD 26 billion in 2021, of which approximately 80% of orders were for pilot-operated AAM aircraft.
Market Dynamics:
Driver:
Urban congestion and demand for efficient mobility
Increasing traffic congestion in cities worldwide has highlighted the need for innovative transportation solutions, such as electric vertical takeoff and landing (eVTOL) aircraft and drones. Additionally, the demand for efficient mobility has spurred advancements in autonomous flight systems, electric propulsion, and lightweight materials, making AAM solutions more feasible and sustainable. As urbanization accelerates, AAM is poised to transform urban transportation, offering faster, greener, and more accessible alternatives
Restraint:
High initial capital investment and development costs
Developing eVTOL aircraft requires significant funding for prototype testing, certification, and large-scale production. Additionally, building the necessary vertiports, charging stations, and air traffic management systems demands extensive capital expenditure. Securing financial backing from investors and stakeholders remains a hurdle, particularly for emerging startups in the sector. The long development cycles and return-on-investment concerns further slow down commercialization efforts hampering the growth of the market.
Opportunity:
Development of supporting infrastructure and services
Establishing vertiports, maintenance facilities, and charging stations for electric vertical takeoff and landing (eVTOL) aircraft ensure seamless operations and accessibility. Efficient airspace management systems and regulatory frameworks are essential to integrate AAM into existing transportation networks. These infrastructure developments not only enable the scalability of AAM solutions but also foster public acceptance and trust. As urbanization intensifies, robust infrastructure will drive the adoption of AAM, transforming urban mobility.
Threat:
Competition from conventional and emerging mobility solutions
The AAM sector faces intense competition from traditional ground transportation modes and emerging autonomous mobility solutions. High-speed rail, electric buses, and self-driving vehicles are continuously improving in efficiency and accessibility, posing a challenge to the adoption of aerial mobility. Additionally, the presence of established aviation players and new market entrants intensifies competition within the sector impeding the market growth.
Covid-19 Impact:
The COVID-19 pandemic initially disrupted the AAM market due to supply chain constraints, funding delays, and regulatory slowdowns. However, the crisis underscored the need for decentralized, contactless transportation solutions, accelerating interest in urban air mobility. Governments and private stakeholders increased investments in autonomous air travel to reduce congestion and improve urban connectivity. Additionally, pandemic-induced shifts in consumer behavior, such as increased demand for on-demand mobility, created new opportunities for aerial transport.
The emergency medical services (EMS) drones segment is expected to be the largest during the forecast period
The emergency medical services (EMS) drones segment is expected to account for the largest market share during the forecast period attributed to enhancing rapid response capabilities. These drones, equipped with medical supplies and advanced communication systems, provide swift access to critical care in emergencies, especially in remote or congested areas. Their ability to bypass ground traffic significantly reduces response times, improving patient outcomes. As public trust and regulatory frameworks evolve, EMS drones are expected to play a pivotal role in integrating AAM solutions into healthcare, fostering market growth and innovation.
The software segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the software segment is predicted to witness the highest growth rate enabling seamless operations and enhancing efficiency. Enterprise software platforms manage vast data generated by AAM systems, supporting predictive maintenance, fleet management, and operational optimization. Advanced air traffic management software ensures safe integration of AAM vehicles into existing airspace. Software also facilitates passenger services, including booking, payment processing, and real-time flight tracking making it a basis for the growth and adoption of AAM solutions.
Region with largest share:
During the forecast period, the Asia Pacific region is expected to hold the largest market share which is projected to dominate the AAM market, driven by rapid urbanization, high population density, and growing investments in smart city infrastructure. Countries like China, Japan, and South Korea are actively promoting air mobility solutions to address traffic congestion and environmental concerns. The region’s strong manufacturing ecosystem further supports large-scale production and cost efficiencies. With increasing regulatory approvals and pilot programs, Asia Pacific is set to lead the adoption of AAM solutions.
Region with highest CAGR:
Over the forecast period, the North America region is anticipated to exhibit the highest CAGR during the forecast period, supported by strong technological advancements and a favorable regulatory environment. The presence of key industry players, including eVTOL manufacturers and aviation technology firms, is driving market expansion. U.S. government agencies, such as the Federal Aviation Administration (FAA), are actively working on policy frameworks to integrate AAM into the national airspace. As urban air mobility trials gain traction, North America is poised for rapid AAM adoption and expansion.
Key players in the market
Some of the key players in Advanced Air Mobility Market include Workhorse Group, Inc, Wisk Aero, Volocopter GmbH, Vertical Aerospace Group Ltd., The Boeing Company, Archer Aviation, Terrafugia, PIPISTREL, Opener, Inc., Neva Aerospace , Lilium GmbH, Joby Aviation, Guangzhou EHang Intelligent Technology Co. Ltd., Embraer S.A., Bell Textron Inc., Aurora Flight Sciences and Airbus S.A.S.
Key Developments:
In March 2025, Joby Aviation announced a partnership with Virgin Atlantic to introduce an electric air taxi service in the United Kingdom. This collaboration aims to integrate Joby's all-electric vertical takeoff and landing (eVTOL) aircraft into Virgin Atlantic's operations, offering sustainable and efficient urban air mobility solutions.
In March 2025, Joby Aviation announced plans to launch its air taxi service in the United Arab Emirates, marking a significant expansion into the Middle Eastern market.
In May 2024, Archer Aviation announced partnership with Etihad Aviation Training. This partnership aims to establish a pipeline of qualified pilots for future urban air mobility services.
Types Covered:
• Electric Vertical Takeoff and Landing (eVTOL) Aircraft
• Drones
• Emergency Medical Services (EMS) Drones
• Hybrid Aircraft
• Urban Air Mobility (UAM) Vehicles
• Other Types
Propulsion Types Covered:
• Electric Propulsion
• Hybrid Propulsion
• Gasoline Propulsion
Components Covered:
• Hardware
• Software
• Other Components
Operating Modes Covered:
• Piloted
• Autonomous
• Hybrid Operation
Ranges Covered:
• Intracity (20 km - 100 km)
• Intercity (Above 100 km)
Applications Covered:
• Urban Air Mobility & Regional Air Mobility
• On-Demand Air Taxi Services
• Heavy Cargo Transport
• Surveillance & Reconnaissance
• Disaster Response
• Organ Transport & Medical Evacuation
• Other Applications
End Users Covered:
• Commercial
• Government
• Military & Defense
• Medical & Healthcare
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2024, 2025, 2026, 2028, and 2032
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Advanced Air Mobility Market, By Type
5.1 Introduction
5.2 Electric Vertical Takeoff and Landing (eVTOL) Aircraft
5.3 Drones
5.4 Emergency Medical Services (EMS) Drones
5.5 Hybrid Aircraft
5.6 Urban Air Mobility (UAM) Vehicles
5.7 Other Types
6 Global Advanced Air Mobility Market, By Propulsion Type
6.1 Introduction
6.2 Electric Propulsion
6.3 Hybrid Propulsion
6.4 Gasoline Propulsion
7 Global Advanced Air Mobility Market, By Component
7.1 Introduction
7.2 Hardware
7.2.1 Aerostructures
7.2.3 Avionics
7.2.5 Flight Control Systems
7.2.7 Propulsion Systems
7.2.9 Other Hardwares
7.3 Software
7.3.1 Traffic Management Software
7.3.2 Flight Management Systems
7.3.3 Maintenance & Monitoring Software
7.3.4 Communication Systems
7.3.5 Navigation Software
7.4 Other Components
8 Global Advanced Air Mobility Market, By Operating Mode
8.1 Introduction
8.2 Piloted
8.3 Autonomous
8.4 Hybrid Operation
9 Global Advanced Air Mobility Market, By Range
9.1 Introduction
9.2 Intracity (20 km - 100 km)
9.3 Intercity (Above 100 km)
10 Global Advanced Air Mobility Market, By Application
10.1 Introduction
10.2 Urban Air Mobility & Regional Air Mobility
10.3 On-Demand Air Taxi Services
10.4 Heavy Cargo Transport
10.5 Surveillance & Reconnaissance
10.6 Disaster Response
10.7 Organ Transport & Medical Evacuation
10.8 Other Applications
11 Global Advanced Air Mobility Market, By End User
11.1 Introduction
11.2 Commercial
11.3 Government
11.4 Military & Defense
11.5 Medical & Healthcare
11.6 Other End Users
12 Global Advanced Air Mobility Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Workhorse Group, Inc.
14.2 Wisk Aero
14.3 Volocopter GmbH
14.4 Vertical Aerospace Group Ltd.
14.5 The Boeing Company
14.6 Archer Aviation
14.7 Terrafugia
14.8 PIPISTREL
14.9 Opener, Inc.
14.10 Neva Aerospace
14.11 Lilium GmbH
14.12 Joby Aviation
14.13 Guangzhou EHang Intelligent Technology Co. Ltd.
14.14 Embraer S.A.
14.15 Bell Textron Inc.
14.16 Aurora Flight Sciences
14.17 Airbus S.A.S.
List of Tables
1 Global Advanced Air Mobility Market Outlook, By Region (2024-2032) ($MN)
2 Global Advanced Air Mobility Market Outlook, By Type (2024-2032) ($MN)
3 Global Advanced Air Mobility Market Outlook, By Electric Vertical Takeoff and Landing (eVTOL) Aircraft (2024-2032) ($MN)
4 Global Advanced Air Mobility Market Outlook, By Drones (2024-2032) ($MN)
5 Global Advanced Air Mobility Market Outlook, By Emergency Medical Services (EMS) Drones (2024-2032) ($MN)
6 Global Advanced Air Mobility Market Outlook, By Hybrid Aircraft (2024-2032) ($MN)
7 Global Advanced Air Mobility Market Outlook, By Urban Air Mobility (UAM) Vehicles (2024-2032) ($MN)
8 Global Advanced Air Mobility Market Outlook, By Other Types (2024-2032) ($MN)
9 Global Advanced Air Mobility Market Outlook, By Propulsion Type (2024-2032) ($MN)
10 Global Advanced Air Mobility Market Outlook, By Electric Propulsion (2024-2032) ($MN)
11 Global Advanced Air Mobility Market Outlook, By Hybrid Propulsion (2024-2032) ($MN)
12 Global Advanced Air Mobility Market Outlook, By Gasoline Propulsion (2024-2032) ($MN)
13 Global Advanced Air Mobility Market Outlook, By Component (2024-2032) ($MN)
14 Global Advanced Air Mobility Market Outlook, By Hardware (2024-2032) ($MN)
15 Global Advanced Air Mobility Market Outlook, By Aerostructures (2024-2032) ($MN)
16 Global Advanced Air Mobility Market Outlook, By Avionics (2024-2032) ($MN)
17 Global Advanced Air Mobility Market Outlook, By Flight Control Systems (2024-2032) ($MN)
18 Global Advanced Air Mobility Market Outlook, By Propulsion Systems (2024-2032) ($MN)
19 Global Advanced Air Mobility Market Outlook, By Other Hardwares (2024-2032) ($MN)
20 Global Advanced Air Mobility Market Outlook, By Software (2024-2032) ($MN)
21 Global Advanced Air Mobility Market Outlook, By Traffic Management Software (2024-2032) ($MN)
22 Global Advanced Air Mobility Market Outlook, By Flight Management Systems (2024-2032) ($MN)
23 Global Advanced Air Mobility Market Outlook, By Maintenance & Monitoring Software (2024-2032) ($MN)
24 Global Advanced Air Mobility Market Outlook, By Communication Systems (2024-2032) ($MN)
25 Global Advanced Air Mobility Market Outlook, By Navigation Software (2024-2032) ($MN)
26 Global Advanced Air Mobility Market Outlook, By Other Components (2024-2032) ($MN)
27 Global Advanced Air Mobility Market Outlook, By Operating Mode (2024-2032) ($MN)
28 Global Advanced Air Mobility Market Outlook, By Piloted (2024-2032) ($MN)
29 Global Advanced Air Mobility Market Outlook, By Autonomous (2024-2032) ($MN)
30 Global Advanced Air Mobility Market Outlook, By Hybrid Operation (2024-2032) ($MN)
31 Global Advanced Air Mobility Market Outlook, By Range (2024-2032) ($MN)
32 Global Advanced Air Mobility Market Outlook, By Intracity (20 km - 100 km) (2024-2032) ($MN)
33 Global Advanced Air Mobility Market Outlook, By Intercity (Above 100 km) (2024-2032) ($MN)
34 Global Advanced Air Mobility Market Outlook, By Application (2024-2032) ($MN)
35 Global Advanced Air Mobility Market Outlook, By Urban Air Mobility & Regional Air Mobility (2024-2032) ($MN)
36 Global Advanced Air Mobility Market Outlook, By On-Demand Air Taxi Services (2024-2032) ($MN)
37 Global Advanced Air Mobility Market Outlook, By Heavy Cargo Transport (2024-2032) ($MN)
38 Global Advanced Air Mobility Market Outlook, By Surveillance & Reconnaissance (2024-2032) ($MN)
39 Global Advanced Air Mobility Market Outlook, By Disaster Response (2024-2032) ($MN)
40 Global Advanced Air Mobility Market Outlook, By Organ Transport & Medical Evacuation (2024-2032) ($MN)
41 Global Advanced Air Mobility Market Outlook, By Other Applications (2024-2032) ($MN)
42 Global Advanced Air Mobility Market Outlook, By End User (2024-2032) ($MN)
43 Global Advanced Air Mobility Market Outlook, By Commercial (2024-2032) ($MN)
44 Global Advanced Air Mobility Market Outlook, By Government (2024-2032) ($MN)
45 Global Advanced Air Mobility Market Outlook, By Military & Defense (2024-2032) ($MN)
46 Global Advanced Air Mobility Market Outlook, By Medical & Healthcare (2024-2032) ($MN)
47 Global Advanced Air Mobility Market Outlook, By Other End Users (2024-2032) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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