At 48.5% CAGR, Europe Advanced Air Mobility Market is Projected to be Worth US$ 4,850.22 Million by 2030, Says Business Market Insights

According to Business Market Insights' research, the Europe advanced air mobility market was valued at US$ 204.87 million in 2022 and is expected to reach US$ 4,850.22 million by 2030, registering a CAGR of 48.5% from 2022 to 2030. Rising construction of vertiports and advancement of electric propulsion-based eVTOL aircraft are among the critical factors attributed to the Europe advanced air mobility market expansion.

Vertiports are centers for vertical takeoff and landing vehicles such as eVTOL vehicles, drones, and air taxis. The increasing demand for competent urban transportation and developments in eVTOL technology and the shortage of available land to build conventional vertiports fuel the need for advanced vertiports, which, in a way, is one of the landmarks for the advanced air mobility market globally. In 2023, Ferrovial Airports collaborated with Eva Air Mobility to develop vertiports for eVTOL aircraft. The growing demand for sustainable and low-carbon emission approaches in the aviation and logistics sector boost the demand for advanced air mobility services. The advancement of vertiports could transform urban strategies for efficient and eco-friendly city transport or logistic modes. Air pollution, traffic congestion, and the high expenditure on infrastructure are among the major challenges. To mitigate these issues, lower travel time, reduce carbon emissions, and improve accessibility, vertiports are one of the most promising solutions. Vertiports are similar to helipads but developed for a wider range of aircraft. The vertiports can be situated in any location, including parking spaces, rooftops, and any public spaces. In addition, vertiports are landing pads, but they can be used for other services such as maintenance facilities, charging stations, and passenger amenities. The advancements of vertiports are expected to create new opportunities for the advanced air mobility market globally in the coming years.

On the contrary, required certification and qualification challenges for market vendors hampers the growth Europe advanced air mobility market.

Based on component, the Europe advanced air mobility market is bifurcated into hardware and software. The hardware segment held 84.8% share of the Europe advanced air mobility market in 2022, amassing US$ 173.71 million. It is projected to garner US$ 3,981.53 million by 2030 to expand at 47.9% CAGR during 2022–2030.

In terms of operation mode, the Europe advanced air mobility market is bifurcated into piloted and autonomous. The piloted segment held 97.1% share of the Europe advanced air mobility market in 2022, amassing US$ 198.96 million. It is projected to garner US$ 4,572.04 million by 2030 to expand at 48.0% CAGR during 2022–2030.

By end-use, the Europe advanced air mobility market is segmented into passenger and cargo. The cargo segment held 100.0% share of Europe advanced air mobility market in 2022, amassing US$ 204.87 million. It is projected to garner US$ 1,714.60 million by 2030 to expand at 30.4% CAGR during 2022–2030.

By propulsion type, the Europe advanced air mobility market is segmented into fully electric and hybrid. The fully electric segment held 100.0% share of Europe advanced air mobility market in 2022, amassing US$ 204.87 million. It is projected to garner US$ 4,753.31 million by 2030 to expand at 48.1% CAGR during 2022–2030.

Based on country, the Europe advanced air mobility market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany held 33.0% share of Europe advanced air mobility market in 2022, amassing US$ 67.61 million. It is projected to garner US$ 1,789.73 million by 2030 to expand at 50.6% CAGR during 2022–2030.

Key players operating in the Europe advanced air mobility market are Airbus SE, EHang Holdings Ltd, The Boeing Co, Embraer SA, Elbit Systems Ltd, Volocopter GmbH, and Lilium GmbH, among others.

• In 2019, Boeing and Porsche have signed a memorandum of understanding (MOU) to look into the “premium” electric vertical takeoff & landing (eVTOL) aircraft market. With this partnership, both companies will leverage their unique market strengths and insights to study the future of premium personal urban air mobility vehicles.

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