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Airbus and The Boeing Company held a significant share of over 25% in the advanced air mobility industry in 2023. Airbus holds a significant share in the advanced air mobility (AAM) market due to its extensive experience, innovative capabilities, and strategic investments in urban air mobility solutions. As one of the world’s leading aerospace manufacturers, Airbus has leveraged its expertise in aircraft design, manufacturing, and air traffic management to develop cutting-edge eVTOL aircraft and integrated AAM systems.
Airbus’s Urban Air Mobility initiative, including the development of the CityAirbus and Vahana projects, demonstrates its commitment to pioneering sustainable and efficient urban transportation solutions. The company's strong presence in the global aerospace market, coupled with its ability to leverage existing technologies and infrastructure, positions Airbus as a key player in the AAM sector. Additionally, Airbus’s collaborations with regulatory authorities, urban planners, and technology partners further enhance its ability to influence and shape the future of urban air mobility.
The Boeing Company’s significant share in the advanced air mobility (AAM) market can be attributed to its long-standing leadership in aerospace innovation, comprehensive R&D capabilities, and strategic initiatives focused on urban mobility. Boeing’s foray into the AAM market is marked by its development of autonomous flight systems, advanced eVTOL aircraft, and integration of cutting-edge technologies such as artificial intelligence and battery optimization. Boeing's partnership with Aurora Flight Sciences, a subsidiary specializing in the design and development of advanced aviation technologies, underscores its commitment to leading the AAM revolution. Boeing’s extensive experience in commercial aviation, coupled with its strategic investments in urban air mobility and strong global network, enables it to play a pivotal role in advancing AAM solutions.
Major players operating in the advanced air mobility industry are:
Airbus, The Boeing Company, Aurora Flight Sciences, Bell Textron Inc., Guangzhou EHang Intelligent Technology Co. Ltd., and Embraer S.A.
North America market held 35% revenue share in 2023 driven by robust aerospace industry, extensive R&D capabilities, and significant investment from both private and public sectors.
The cargo transport segment in the market was valued at USD 2 million in 2023 due to its potential to reduce ground traffic congestion and offer rapid delivery solutions.
Global advanced air mobility industry was valued at USD 9.76 Billion in 2023 and is anticipated to register over 20% CAGR between 2024 and 2032 due to the rapid urbanization and increasing traffic congestion in major cities.