Table of Contents
The Global Advanced Aerial Mobility (AAM) Market is experiencing steady growth, driven by advancements in electric vertical take-off and landing (eVTOL) aircraft, autonomous drones, and next-generation air transportation systems. AAM solutions are revolutionizing urban mobility, cargo logistics, emergency response, and surveillance.
The market is expanding, with the piloted segment leading in 2024, holding a dominant 76.1% market share. The cargo delivery segment also captured a significant 37.9% share, reflecting the increasing demand for drone-based logistics solutions. The U.S. market was valued at USD 3.54 billion in 2024, with a steady CAGR of 2%, reinforcing North America’s dominant position with a 40.3% market share in 2023.
Private investment in AAM, including venture capital, private equity, and post-IPO financing, reached £8.1 billion, with the UK accounting for approximately 5% of global AAM-related investments.
Meanwhile, the order backlog for new AAM aircraft exceeds 21,300 units, valued at an estimated USD 118 billion. The rapid adoption of drone deliveries is evident, with over 1 million deliveries made in 2023, reflecting an 80% increase.
With urban congestion, sustainability goals, and logistics efficiency driving innovation, the AAM market is set for significant growth over the next decade.
𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐃𝐢𝐬𝐜𝐨𝐮𝐧𝐭 𝐅𝐨𝐫 𝐋𝐢𝐦𝐢𝐭𝐞𝐝 𝐏𝐞𝐫𝐢𝐨𝐝 𝐎𝐧𝐥𝐲 @ https://market.us/purchase-report/?report_id=139169
Key Highlights
- Market Growth: Piloted AAM aircraft dominated with a 76.1% market share in 2024, while cargo delivery held a 37.9% share.
- Regional Dominance: North America led with a 40.3% market share in 2023, with the U.S. market valued at USD 3.54 billion in 2024.
- Investment Trends: £8.1 billion in private investments globally, with the UK contributing 5%.
- Order Backlog: 21,300+ AAM aircraft orders, valued at USD 118 billion.
- Drone Deliveries: Over 1 million packages delivered in 2023, marking an 80% increase.
Analyst Viewpoint
The AAM market is evolving rapidly, driven by technological advancements, regulatory developments, and increasing investments in air mobility solutions. Analysts highlight the growing adoption of piloted and autonomous aerial vehicles for diverse applications, including cargo logistics, passenger transport, and emergency medical services (EMS).
North America is expected to maintain its leadership, but Europe and Asia-Pacific are gaining momentum due to rising government support and private sector investments.
The increasing demand for drone deliveries, urban air taxis, and hybrid propulsion systems is reshaping the market. Infrastructure development, safety regulations, and public acceptance remain key challenges, but continuous innovation will drive sustained growth.
Regional Analysis
North America dominates the AAM market, with a 40.3% share in 2023, driven by strong regulatory support, infrastructure development, and defense applications. The U.S. alone was valued at USD 3.54 billion in 2024, maintaining a steady CAGR of 2%.
Europe is a growing hub, with 5% of global private investment flowing into the UK’s AAM industry. Asia-Pacific is expanding rapidly due to urban congestion solutions and increased drone logistics applications in China, Japan, and South Korea.
The Middle East & Africa and Latin America are emerging players, with rising interest in surveillance, cargo logistics, and emergency medical transport.
➤ 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐎𝐭𝐡𝐞𝐫 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐞𝐝 𝐓𝐨𝐩𝐢𝐜𝐬
AI Sensor Market – https://market.us/report/ai-sensor-market/
Aerostructures Market – https://market.us/report/aerostructures-market/
Key Segmentation
Mode of Operation
- Piloted: Leading segment with a 76.1% market share in 2024, used in urban air taxis and cargo transport.
- Autonomous: Rapidly growing segment, driven by advances in AI, automation, and drone-based logistics.
Application
- Cargo Delivery: Largest segment, 37.9% share in 2024, fueled by demand for drone-based logistics and e-commerce deliveries.
- Passenger Transport: Increasing adoption of urban air taxis and inter-city electric aerial transport.
- Emergency Medical Services (EMS): Drones and eVTOL aircraft used for critical medical transport and disaster response.
- Surveillance & Inspection: Essential for border security, defense, and infrastructure monitoring.
- Other Applications: Includes agriculture, law enforcement, and humanitarian aid missions.
Attractive Opportunities
- Expansion of Urban Air Mobility (UAM): Increasing demand for air taxis and short-distance passenger flights in congested cities.
- Growing Cargo Delivery Market: With a 37.9% market share, drone-based e-commerce logistics and last-mile delivery are key growth drivers.
- Strong Private Investment: Over £8.1 billion in AAM-related investments, with increasing venture capital funding.
- Military & Defense Adoption: High demand for autonomous surveillance drones and hybrid propulsion aircraft.
- Infrastructure Development: Growing investments in vertiports, charging stations, and air traffic management systems.
Key Player Analysis
The AAM industry is driven by aerospace leaders, tech startups, and defense contractors focusing on urban air mobility, autonomous drone delivery, and hybrid-electric propulsion systems. Key players are developing piloted and autonomous aerial vehicles for diverse applications, including cargo transport, surveillance, and emergency response.
Partnerships with government agencies and private investors are fueling innovation. Companies are expanding production capabilities and securing FAA and EASA certifications for commercial deployment. The rising demand for sustainable aviation solutions is accelerating the development of low-emission, high-efficiency aerial mobility platforms, shaping the future of next-generation air transportation.
Top Key Players in the Market
- Airbus
- Joby Aviation
- Lilium
- EHang
- Volocopter GmbH
- Wisk Aero LLC
- Supernal, LLC
- BETA Technologies
- PIPISTREL
- Eve Air Mobility
- Vertical Aerospace
- Other Key Players
Recent Developments
- Growing Aircraft Orders: 21,300+ AAM aircraft orders, valued at USD 118 billion, highlighting increased industry demand.
- Drone Delivery Boom: Over 1 million packages delivered via drones in 2023, marking an 80% surge in adoption.
- Hybrid & Electric Propulsion: Companies are investing in hybrid-electric and fully electric aerial mobility solutions for sustainable aviation.
- Regulatory Advancements: Governments are streamlining regulations to accelerate urban air mobility (UAM) deployment.
- Infrastructure Expansion: Development of vertiports, charging hubs, and autonomous air traffic management systems is gaining traction.
Conclusion
The Global Advanced Aerial Mobility Market is set for significant expansion, driven by urban air mobility solutions, cargo drone logistics, and defense applications. With piloted aircraft holding a 76.1% share and cargo delivery leading at 37.9%, the market is evolving rapidly.
North America remains dominant, while Europe and Asia-Pacific are emerging as key players. Private investments, hybrid-electric propulsion innovations, and regulatory advancements are fueling industry growth.
As demand for sustainable aviation and urban air transport rises, companies will focus on scaling operations, enhancing automation, and improving aerial infrastructure, defining the future of next-generation aerial mobility.
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