According to a recent report published by Allied Market Research, titled, โadvanced aerial mobility marketย by mode of transportation, end-use, and propulsion type: global opportunity analysis and industry forecast, 2025โ2035โ, the global advanced aerial mobility market is expected to be valued at $16.81 billion in 2025, and is projected to reach $110 billion by 2035, registering a CAGR of 21.7%.
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Technological and infrastructural developments associated with flying cars and cargo drones and growing demand for advanced aerial mobility solutions, owing to rapid rise in road congestion and vehicular air pollution across the globe are the major factors that are expected to propel growth of the global advanced aerial mobility market during the forecast period.
Europe is expected to hold dominating position in the global market and is projected to maintain its significant growth during the forecast period. Proactive government initiatives toward development of flying cars and advancements in flying car technologies are expected to supplement the advanced aerial mobility market in Europe.
Covid-19 Scenario:
- Manufacturing activities and research and development activities of advanced aerial mobility were halted due to lockdown measures taken by governments of many countries, especially during the initial phase.
- However, the market has started reviving as the government bodies have issued relaxations over lockdown regulations.
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Key Findings Of The Study
- By mode of operation, the autonomous segment is expected to register significant growth during the forecast period.
- On the basis of end-use, the passenger segment is projected to lead the global market, in terms of market share by the end of the forecast period.
- On the basis of propulsion type, the electric segment is projected to lead the global market, in terms of market share, by the end of the forecast period.
- Europe is expected to be grow as a leader in the global advanced aerial mobility market during the forecast period.
The key players profiled in the report are AeroMobil, Airbus S.A.S., Hyundai Motor Company, Lilium, Matternet, PAL-V International B.V., The Boeing Company, Volocopter GmbH, Flytrex, and Zipline.
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