Asia Pacific Advanced Air Mobility Market

The Asia Pacific advanced air mobility market was valued at US$ 106.92 million in 2022 and is expected to reach US$ 2,258.73 million by 2030; it is estimated to grow at a CAGR of 46.4% from 2022 to 2030.

Rising Construction of Vertiports Fuels Asia Pacific Advanced Air Mobility Market

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. Further, 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 Asia Pacific advanced air mobility market in the coming years.

Asia Pacific Advanced Air Mobility Market Overview

China, India, Australia Japan, and South Korea are among the largest and most dynamic economies of Asia Pacific. The rising urbanization and growing congestion in traffic are pushing the ground transportation to maximum limits in the countries. The urban air mobility can develop a transportation system that is faster, cleaner, and interconnected within Asia Pacific countries. In April 2021, Volocopter, a German eVTOL developer, and China’s Geely Technology Group announced that they are laying the groundwork for future urban air mobility (UAM) services in China with a joint presence at Auto Shanghai 2021. Further, in June 2020, Terrafugia, a subsidiary of Zhejiang Geely Holding Group, introduced its full-scale TF-2A eVTOL aircraft. The growing initiatives from leading players to provide the urban air mobility solution is augmenting the development of air taxis. In October 2021, Vertical Aerospace announced that its VA-X4 is expected to be a part of plans for eVTOL air taxi services in Japan based on a lease-purchase agreement between Japan Airlines and Avolon. The advanced air mobility market is in development phase in Asia Pacific countries and is expected to grow in coming years. For instance, in 2023, the Bao’an district of Shenzhen is moving toward becoming the center of advanced air mobility services by partnering with three eVTOL aircraft manufacturer.

In February 2022, Ascendance Flight Technologies, a French startup, signed a deal with Yugo Global Industries, a Singapore-based private aviation charter company. The agreement consists of a pre-order of 18 Atea hybrid eVTOL aircraft which is expected to get delivered in 2025. Thus, strategic plans and initiatives by emerging players in the advanced air mobility market are strengthening the market growth in Asia Pacific. The eVTOL aircraft and small unmanned drones can be used for urban and regional air mobility and utility services, including city taxi or airport shuttle routes and intercity flights. In the advanced air mobility market, government bodies, industries, and regulators work collectively to develop the regulation, infrastructure, and societal changes in the advanced air mobility to deliver economic and environmental value.

Asia Pacific Advanced Air Mobility Market Revenue and Forecast to 2030 (US$ Million)

Asia Pacific Advanced Air Mobility Market Segmentation

The Asia Pacific advanced air mobility market is segmented based on component, operation mode, propulsion type, end-use, and country.

Based on component, the Asia Pacific advanced air mobility market is bifurcated into hardware and software. The hardware segment held a larger Asia Pacific advanced air mobility market share in 2022.

In terms of operation mode, the Asia Pacific advanced air mobility market is bifurcated into piloted and autonomous. The piloted segment held a larger Asia Pacific advanced air mobility market share in 2022.

By end-use, the Asia Pacific advanced air mobility market is segmented into passenger and cargo. The cargo segment held a larger Asia Pacific advanced air mobility market share in 2022.

By propulsion type, the Asia Pacific advanced air mobility market is segmented into fully electric and hybrid. The fully electric segment held a larger Asia Pacific advanced air mobility market share in 2022.

Based on country, the Asia Pacific advanced air mobility market is categorized into Australia, China, Japan, India, South Korea, and the Rest of Asia Pacific. China dominated the Asia Pacific advanced air mobility market in 2022.

Airbus SE, EHang Holdings Ltd, Elbit Systems Ltd, Embraer SA, and the Boeing Co are some of the leading companies operating in the Asia Pacific advanced air mobility market. 

Asia Pacific Advanced Air Mobility Strategic Insights

Strategic insights for the Asia Pacific Advanced Air Mobility provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia Pacific Advanced Air Mobility Report Scope

Asia Pacific Advanced Air Mobility Regional Insights

The geographic scope of the Asia Pacific Advanced Air Mobility refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.