At 46.4% CAGR, the Asia Pacific Advanced Air Mobility Market is Projected to be Worth US$ 2,258.73 Million by 2030, Says Business Market Insights

According to Business Market Insights research, 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, registering a CAGR of 46.4% from 2022 to 2030. Growing advent of small unmanned systems for cargo deliveries and advancement of electric propulsion-based eVTOL aircraft are among the critical factors attributed to the Asia Pacific advanced air mobility market expansion.

The technological advancement in the field of air mobility is driving the development of small, unmanned drones for cargo deliveries. The increasing demand for speedy same-day delivery of shipments and the need for delivering essential supplies in unreachable and remote locations are boosting the demand for small, unmanned drones. The unmanned aerial drones can be used to deliver a range of cargo, which primarily includes spare parts, commercial goods, medical supplies, food items and vaccines. In addition, unmanned aerial drones can also be used to deliver postal in remote construction or offshore sites. The increasing proliferation of unmanned drones in the logistics and freight services. For instance, in 2022, Skye Air Mobility collaborated with Dunzo to test and trial drone-driven food delivery services in Karnataka. In 2022, Swiggy collaborated with Garuda Aerospace to trial drones to deliver groceries in Bengaluru and Delhi NCR. Cargo drones are also gaining momentum as it is a viable option to mitigate the carbon footprint and lower the level of environmental pollution. Growing focus on lowering the carbon footprint in the logistics and aviation sector is boosting the development of cargo drones globally.

Thus, the growing development of small unmanned drones for cargo deliveries is anticipated to boost the growth of the advanced air mobility market globally.

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

Based on component, the Asia Pacific advanced air mobility market is bifurcated into hardware and software. The hardware segment held 79.8% share of the Asia Pacific advanced air mobility market in 2022, amassing US$ 85.32 million. It is projected to garner US$ 1,731.46 million by 2030 to expand at 45.7% CAGR during 2022-2030.

In terms of operation mode, the Asia Pacific advanced air mobility market is bifurcated into piloted and autonomous. The piloted segment held 77.5% share of the Asia Pacific advanced air mobility market in 2022, amassing US$ 82.90 million. It is projected to garner US$ 1,663.23 million by 2030 to expand at 45.5% CAGR during 2022-2030.

By end use, the Asia Pacific advanced air mobility market is segmented into passenger and cargo. The cargo segment held 100.0% share of Asia Pacific advanced air mobility market in 2022, amassing US$ 106.92 million. It is projected to garner US$ 506.53 million by 2030 to expand at 21.5% CAGR during 2022-2030.

By propulsion type, the Asia Pacific advanced air mobility market is segmented into fully electric and hybrid. The fully electric segment held 81.8% share of Asia Pacific advanced air mobility market in 2022, amassing US$ 87.44 million. It is projected to garner US$ 1,944.02 million by 2030 to expand at 47.4% CAGR during 2022-2030.

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 held 71.0% share of Asia Pacific advanced air mobility market in 2022, amassing US$ 75.87 million. It is projected to garner US$ 1,644.35 million by 2030 to expand at 46.9% CAGR during 2022-2030.

Key players operating in the Asia Pacific advanced air mobility market are Airbus SE, EHang Holdings Ltd, Elbit Systems Ltd, Embraer SA, and the Boeing Co, among others.


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