Advanced Air Mobility Revenue to Near $6 Billion by 2030

Advanced Air Mobility Revenue to Near $6 Billion by 2030
Fotolia

A new study from Juniper Research found that global Advanced Air Mobility (AAM) revenue will reach $6 billion by 2030, up from just $31 million in 2025. This represents a compound annual growth rate of 187%.

AAM is the creation of new aviation technologies that enable small-scale flights across short distances; often in urban areas. The study attributed this rapid growth to Urban Air Mobility Services (UAM). These services provide alternative transportation that will help highly populated cities relieve traffic congestion and reduce carbon emissions, amongst fast-growing urban centers. The research predicts that increasing public trust will be key to achieving this revenue growth. AI-driven systems in AAM vehicles will enhance safety, with real-time collision detection ensuring aircraft maintain safe distances.

However, to foster the development of these systems in the early market stage, the study recommends that key industry stakeholders create frameworks in which AI and cybersecurity solutions can be standardized for use in AAM. This will require collaboration between regulatory bodies in aviation, such as the FAA (Federal Aviation Administration), and international standardization bodies, such as the ISO (International Organization for Standardisation). These certifications will allow vendors to build up public trust; enabling them to capitalize on market growth.

“Partnering with existing MaaS (Mobility-as-a-Service) providers would be a key early growth strategy for vendors. This will enable them to access an already established user base. Marketing the benefits of AAM, specifically lower carbon emissions and faster travel times, will attract this userbase, especially in densely populated cities,” stated research author Adam Wears.