[Latest] Global Advanced Air Mobility Market Size/Share Worth USD 114.5 Billion by 2034 at a 24.8% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth Rate, Value, SWOT Analysis)

Austin, TX, USA, Aug. 04, 2025 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Advanced Air Mobility Market Size, Trends and Insights By Component (Hardware, Software), By Type (Air Taxis, Drones, Others), By Propulsion Type (Gasoline, Electric, Hybrid), By Application (Cargo Transport, Passenger Transport, Mapping & Surveying, Special Mission, Surveillance & Monitoring, Others), By End User (Commercial, Government & Military), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2025–2034“ in its research database.

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“According to the latest research study, the demand of the global Advanced Air Mobility Market size & share was valued at approximately USD 12.5 Billion in 2024 and is expected to reach USD 15.6 Billion in 2025 and is expected to reach a value of around USD 114.5 Billion by 2034, at a compound annual growth rate (CAGR) of about 24.8% during the forecast period 2025 to 2034.”

Advanced Air Mobility Market Overview

According to industry experts at CMI, advanced air mobility is defined as an innovative method to move people and objects by means of air that uses advanced aircraft technology such as electric vertical takeoff and landing (eVTOL) aircraft. They perform their services where traditional aircraft are limited to use. They emphasize making things more cost-effective, safe, and environmentally friendly, and it may be used for a wide range of things, such as moving people and goods among regions and cities (UAM).

Advanced Air Mobility Market Growth Factors and Dynamics

• Rising Adoption of Electric and Hybrid Aircraft: The growing significance of sustainability and reducing carbon emissions. The production of electric and hybrid aircraft is experiencing a global revival as governments and businesses focus their resources on meeting climate goals. The utilization of advanced air mobility is advancing more quickly as a result of these cleaner and more energy-efficient modes of transportation. For instance, in July 2024, through its subsidiary, Nidec Motor Corporation, Nidec stated that it will invest USD 20 million in a minority ownership stake in Eve Air Mobility (“Eve”), a producer of electric vertical take-off and landing (eVTOL) aircraft and a partner in the launch of Nidec Aerospace’s propulsion system.

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• Urban Congestion and Environmental Sustainability: The growing number of people moving to cities and the traffic jams that happen there have made the need for other ways to get about even greater. Advanced Air Mobility could help ease traffic on the ground by offering aerial transportation, which is faster and more efficient. This is what drives the desire for AAM solutions. Also, the aviation industry’s effect on the environment has made people more interested in environmentally friendly ways to go about. AAM’s electric and hybrid-electric planes promise to lower carbon emissions and noise pollution, which makes them a beneficial alternative for people and governments who care about the environment and want eco-friendly ways to go about.

• Rise of Advanced Air Mobility Solutions: There is an increasing need for the global advanced air mobility sector to help with urban transportation systems to deal with too much traffic. As cities grow and ground transportation networks can’t keep up, we need faster and more efficient transportation systems that work above men’s non-elevated transit, such as eVTOLs and air taxis, to make it easier for people to get around in cities.

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