Advanced Aerial Mobility Market Size, Share, Trends, Industry Analysis & Growth 2032

Advanced Aerial Mobility Market Insights

According to the report published by Zion Market Research, the global Advanced Aerial Mobility Market size was valued at USD 8.39 Billion in 2023 and is predicted to reach USD 57.96 Billion by the end of 2032. The market is expected to grow with a CAGR of 21.3% during the forecast period. The report analyzes the global Advanced Aerial Mobility Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Advanced Aerial Mobility industry.

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Global Advanced Aerial Mobility Market: Overview

Advancing air mobility helps develop safe, cost-effective air transportation systems that move people and cargo in emerging aviation markets. By implementing advanced aerial mobility, pilots will be able to carry out safe, reliable, and low-noise vertical flights. Aerial mobility is considered as a new development in urban mobility which refers to the vehicle type that operates on the road as well as air as per requirements. Recent technological developments hold the promise of adopting unmanned systems as the next generation of transportation systems, which will change the outlook of transportation sector in near future.

Global Advanced Aerial Mobility Market: Growth Factors

The global advanced aerial mobility market is growing at a rapid pace. Some of the major factors that are flourishing the growth of the global market include a rise in demand for time-efficient delivery services and a rapidly growing urban mobility outlook by end-users. Technological innovations in drones, adoption of automation technology, and consumer inclination towards digitally advanced technology contribute to the global advanced aerial mobility market growth. Further, rapid urbanization and industrialization demanding cost-effective and efficient alternative transportation solutions to overcome increased environmental issues as well as traffic congestions. It is necessary for policy makers to enact regulations and rules that will boost urban commute solutions.

Thus, the demand for aerial mobility is gaining enormous popularity that will be quite supportive in various regions. Across the world, aviation administrations have approved commercial delivery companies' use of drones to expedite delivery services. A rise in the adoption of drone delivery systems, which enhance efficiency and reduce costs, is expected to drive market growth. Due to the growing demand for advanced aerial mobility among customers for same-day delivery of packages in the e-commerce industry, consumers are also willing to pay a premium for same-day delivery. However, stringent government regulations associated with aviation licensing are expected to hamper the growth of the advanced aerial mobility market. In addition, growing concern related to cyber security involved in operating drones is projected to hamper the market growth. Furthermore, refurbished government regulatory policies and the increasing focus of key players on acquiring untapped potential of Asia Pacific are projected to offer lucrative growth opportunities for the advanced aerial mobility market.

With the sudden upsurge in the COVID-19 pandemic, advanced aerial mobility is fairly impacted. The spread of coronavirus in developed countries like the US and the UK is expected to have a negative impact due to lockdown and restrictions on research & development facilities of advanced aerial mobility. The advanced aerial mobility is still at the initial stage and control of COVID-19 infection is almost impossible to predict. However, leading players in the market are focusing on strategic collaboration to start trials and testing as soon as possible. The players in the advanced aerial mobility space have shown an ability to innovate and adapt to critical situations despite the pandemic's implications.

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Global Advanced Aerial Mobility Market: Segmentation

The global advanced aerial mobility market is divided based on the mode of operation, propulsion type, end-use, and region.

Based on mode of operation, the global advanced aerial mobility market is split into piloted and autonomous.

The propulsion type segment is bifurcated into electric, turboshaft, parallel hybrid, and turboelectric.

Cargo and passengers are the end-use of advanced aerial mobility.

Advanced Aerial Mobility Market: Report Scope

Global Advanced Aerial Mobility Market: Regional Analysis

Geographically, the global advanced aerial mobility market is segmented into North America, Asia Pacific, Europe, Latin America and the Middle East & Africa. North America region is estimated to hold the largest share in the global advanced aerial mobility market during the forecast period. The emergence of transformative airborne technology to transport people & goods and the adoption of cost-effective aircraft in both rural and urban environments are boosting the growth of the market in this region. On the other hand, Asia Pacific region is projected to grow at a faster pace and is expected to offer abundant opportunities for market growth. Some of the factors that are propelling the growth of the market in this region include technological advancement in drone technology and the growing use of aerial mobility for commercial applications.

Global Advanced Aerial Mobility Market: Competitive Players

The global advanced aerial mobility market is highly concentrated due to the presence of international key players.

• Airbus S.A.S.
• Lilium GmbH
• PAL-V International B.V.
• Hyundai Motor Company
• The AeroMobil s.r.o.
• The Boeing Company
• Zipline
• Matternet
• Flytrex
• Volocopter GmbH

are some of the dominant players that are functioning in the global advanced aerial mobility market. These key players are continuously focusing on improving techniques and offering other effective strategies to gain a competitive edge in the market. Key players are majorly focusing on product advancement and are offering additional features to the end-users which are likely to increase the demand for advanced aerial mobility in the forecast period.

The Global Advanced Aerial Mobility Market is segmented as follows:

By operation 

• piloted
• autonomous

By propulsion type 

• electric
• turboshaft
• parallel hybrid
• turboelectric

By end-use 

• Cargo
• passengers
   

Global Advanced Aerial Mobility Market: Regional Segment Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.