No.3252
05/15/2023

Global Advanced Aerial Mobility Market: Key Research Findings 2023

Global Advanced Aerial Mobility Market Expected to Expand to Over 180 Trillion Yen by 2050

Yano Research Institute (the President, Takashi Mizukoshi) has researched on the global market of advanced aerial mobilities and found out the trends by area and/or country, by market players, and future perspectives.


Global Advanced Aerial Mobility Market Size Forecast
Global Advanced Aerial Mobility Market Size Forecast

Market Overview

In parallel with the announcement of “Uber Air”, the then business plan for airborne ridesharing service by Uber Technologies, Inc. an American service provider, proactive development of advanced aerial mobilities has been underway worldwide to achieve mid-air traveling/transportation. Because the business is projected to launch globally in around 2025, the full-scale development of air vehicles and the installation as well as the facilitation of peripheral facilities such as vertiports are expected during this two years.

In view of the situations and considerations for what may happen in each of Europe, North America, China, Japan, and other regions and countries, the global advanced aerial mobility market (5 major regions) is predicted to generate 60,800 million yen by 2025, based on the sales at manufacturers. The predictions assume enormous growth to continue from the business launch to around 2030, as the airborne mobility business will be established and will expand in association with infrastructure being built, including the deployments of air vehicles and flight routes.

Noteworthy Topics

As Global Teaming Underway including Japan, Development of Vertiports Accelerates

Simultaneously with the airframe development geared for commercialization of advanced aerial mobilities, installations of vertiports dedicated to advanced aerial mobilities are under consideration. By 2025 when Expo 2025 Osaka, Kansai, Japan is held, secured installations of vertiports are said to be indispensable, just like airframes and other system management, which may require step by step facilitations for implementation of peripheral systems.


While the EXPO is regarded as the key milestone for the development of Japanese airborne mobilities, the development of electric vertical take-off and landing aircrafts (eVTOLs), urban air mobilities (UAMs), or advanced air mobilities (AAMs) and installation of vertiports abroad have been underway as well. As the forerunner countries go ahead in the use of small-size aircrafts by individuals since before, infrastructure preparations and pilot employment geared to aerial mobility vehicle commercialization are already in progress, backed by high receptivity to aerial mobilities in the society, especially in the countries with larger aircraft markets than Japan. While Japan needs to design from the groundwork to make the market just like those in overseas, worldwide establishment of advanced aerial mobility market requires the efforts by each company and each country to grasp each of the situations  and to improve together in friendly rivalry.

Future Outlook

As a new airborne mobility system, advanced aerial mobilities, that are said to solve various transportation issues, have been developed and entered by a variety of companies throughout the world. An advanced aerial mobility used to be positioned as a mere passenger vehicle of the future. Currently, however, various efforts are propelled to make business sense using advanced aerial mobilities in the hope of solving various problems in Japanese municipalities suffering from declining birthrate, aging society, and decreasing production-age population.


In a global basis, by solving the challenges in commercialization of advanced aerial mobilities, such as “social receptivity,” “airframe development,” “ground infrastructure and control system,” and “laws and regulations,” the receptivity in society and the growth backed by economic development in each country are expected to be achieved by around 2035. Steady expansion of the market is predicted by around 2040 due to further deployments of airborne mobilities and installation of vertiports. By around 2050 when the market plateau is anticipated, the global advanced aerial mobility market size is projected to expand to over 180 trillion yen. By then, such mobilities will be seen everywhere as usual when people look up at the sky, and the world without any such mobilities just like now will be unthinkable in the future.

Research Outline

1.Research Period: December 2022 to March 2023
2.Research Object: Domestic and foreign manufacturers of advanced aerial mobilities, related manufacturers, industrial associations, municipalities, etc.
3.Research Methogology: Face-to-face interviews by expert researchers (including online interviews) and literature research

About Advanced Aerial Mobilities

Advanced aerial mobilities refer to self-driving (autonomous) electric-powered air vehicles that vertically take off and land”, but there is no definite definition. Being called eVTOL (Electric Vertical Take-Off and Landing aircraft), UAM (Urban Air Mobility), or AAM (Advanced Air Mobility) overseas, various efforts on airframe development are underway to become a new mobility system worldwide. 
There are multiple kinds of eVTOL, including: 1) rotary-wing aircraft (rotorcraft) and fixed-wing aircraft, which are categorized as flyable piloted plane, 2) passenger drone, which is a type of drone (which generally indicates unmanned aerial vehicle piloted autonomously or remotely) with passengers on board, and 3) car body of electric vehicle (EV) provided with propellers and autonomous driving control system.
About Advanced Aerial Mobility Market
While advanced aerial mobilities in this research refer to those "electric-powered, self-driving (autonomous) air vehicles that vertically take off and land" just like eVTOL, with the market size calculated based on the sales at manufacturers, the above figures include those types that need a pilot on board, as they are the currently the most developed types.


 

<Products and Services in the Market>

Flying cars (advanced air vehicle) only

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