Advanced Air Mobility (AAM) Market – Trends Forecast Till 2030

The global Advanced Air Mobility (AAM) market size was estimated at USD 8.6 billion in 2023 and is projected to reach USD 37.6 billion in 2030 at a CAGR of 23.5% during the forecast period 2024-2030.

The advanced air mobility (AAM) market represents a revolutionary shift in aviation, focused on developing electric or hybrid-electric Vertical Take-Off and Landing (eVTOL) aircraft for urban and regional transportation. AAM holds significant promise as a solution to air pollution, as electric and hybrid-electric aircraft can drastically reduce emissions compared to traditional aircraft. This environmental benefit is crucial, given that the aviation industry is responsible for approximately 2% of global greenhouse gas emissions. Governments worldwide are setting ambitious targets to reduce these emissions, thereby creating a demand for more sustainable aviation technologies.