Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Advanced Air Mobility Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Advanced Air Mobility Market?
The advanced air mobility market has seen exponential growth recently. The market size was $9.66 billion in 2024 and it is expected to reach $11.6 billion in 2025, with a compound annual growth rate (CAGR) of 20.2%.
What Is the Forecasted CAGR for the Advanced Air Mobility Market by 2029?
The Advanced Air Mobility Global Market is expected to grow to $24.56 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 20.6%.
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What Are the Market Drivers in the Advanced Air Mobility Industry?
The key drivers in the advanced air mobility market are:
• Implementation of full-scale regulatory frameworks and certification processes
• Significant development and deployment of vertiports, charging stations, and maintenance facilities
• Expansion of urban air mobility routes and services to more cities and regions
• Decreasing costs of air mobility vehicles and operations through mass production and technological improvements, and increased public trust and acceptance of air mobility solutions.
What Is the Segment-Wise Breakdown of the Advanced Air Mobility Market?
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
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Which Emerging Trends Are Driving Growth in the Advanced Air Mobility Sector?
The key trends in the advanced air mobility market are:
• The future of the market is being influenced by advancements in propulsion systems.
• Fast-charging technology developments are emerging as a significant trend.
• The continuous improvement of autonomous flight systems is shaping the sector.
• Lightweight materials and innovative aerodynamic designs are emerging trends.
Which Companies Are Dominating the Advanced Air Mobility Market in Terms of Revenue?
Major players 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
What Are the Regions Driving Demand in the Advanced Air Mobility Market?
Europe was the largest region in the advanced air mobility market in 2024
