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Global Advanced Air Mobility market forecast to be USD68 billion by 2032

Custom Market Insights has conducted research into the global Advanced Air Mobility market and forecast a CAGR of 35.2% from 2023 to 2032. The company says in 2022, the market size is projected to reach a valuation of USD8.2 billion. By 2032, the valuation is anticipated to reach USD68.1 billion.

The report considers Advanced Air Mobility market size; trends and insights by propulsion type (parallel hybrid, electric, turboshaft, turboelectric); by mode of operation (piloted, autonomous); by end-use (cargo, passenger); and by region.

According to the company website: “The Advanced Air Mobility (AAM) market is an emerging sector in aviation that centres on developing and integrating electric and autonomous aircraft for urban and regional transportation. This market involves various stakeholders, such as manufacturers, technology firms, service providers, and government entities, collaborating to transform air transportation and offer innovative mobility solutions.

“The AAM market is characterised by continuous technological advancements in electric propulsion, autonomous flight capabilities, and smart infrastructure. It emphasises sustainability, safety, and efficient transportation solutions to address urban congestion and environmental concerns.

“Key trends in the AAM market include a strong emphasis on sustainability, the integration of autonomous technologies, increased government support, strategic partnerships between established players and startups, and the development of innovative air mobility services. These trends shape the market’s growth and pave the way for a transformative future of urban air transportation.”

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