Europe Advanced Air Mobility Market Forecast to 2030 - Regional Analysis - by Component (Hardware and Software), Operation Mode (Piloted and Autonomous), Propulsion Type (Fully Electric and Hybrid), and End Use (Passenger and Cargo)
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; it is estimated to grow at a CAGR of 48.5% from 2022 to 2030.
Advancement of Electric Propulsion-Based eVTOL Aircraft Fuels Europe Advanced Air Mobility Market
The aviation industry is one of the fastest-growing sources of greenhouse gas emissions, driving global climate change. On January 11, 2021, the Environmental Protection Agency (EPA) issued a greenhouse gas (GHG) emissions standard for aircraft operating worldwide to control their carbon emissions. In addition, in November 2021, the EPA filed a litigation that formulated the commercial aircraft greenhouse gas (GHG) emission standards, which the EPA promoted in early 2021. The development of electric propulsion-based eVTOL aircraft helps mitigate the environmental impact in terms of noise and pollutant emissions. Thus, government regulations and policies for reducing emissions drive the demand for electric propulsion-based eVTOL aircraft.
Initiatives from key players and startups are increasing across the world. For instance, in May 2022, Volocopter, a German startup, announced that it is partnering with Jetex, an aircraft ground handling company, to deploy and operate permanent vertiport infrastructure for passenger services. The startup will launch operations in 2024. As battery technology has improved over the years, eVTOL is becoming sustainable. eVTOL aircraft can fly for longer ranges and at higher speeds. Electric propulsion-based eVTOL can move into intra-city and inter-city aviation. The investments from key players are also growing. For instance, in January 2022, Jetson AB, a Swedish eVTOL company, completed the sale of the entire production of its eVTOL aircraft in 2022 and has an order of 100 units with delivery from 2023, along with over 3,000 pre-orders for further deliveries. Moreover, the increasing developments in electric propulsion-based UAVs are also expected to boost the eVTOL aircraft during the forecast period. Also, the vendors across this market are initially focusing on the development of fully electric propulsion-based eVTOL aircraft, which is acting as one of the major drivers of the advanced air mobility market.
Europe Advanced Air Mobility Market Overview
Germany, France, Italy, the UK, Russia, and the Rest of Europe are some of the major countries for the advanced air mobility market. The Rest of Europe consists of countries such as Sweden and the Netherlands. The growing demand for last-mile delivery and rising demand for urban air mobility aircraft accelerate the market growth.
Exceptional hurdles and shifting consumer demands have led the European countries to invest in new services such as Pick Up Drop Off, last mile delivery, and new innovations including real-time delivery changes. The augmented importance of last-mile delivery has become evident in advanced mobility-based transportation activities. The long-standing freight shippers are incorporating or updating technology to improve the last-mile delivery support. The major focus is on enhancing reliability, improving customer experience, and increasing the competitiveness of the transport ecosystem. Thus, the demand for small unmanned drones and eVTOL aircrafts is increasing across Europe.
The advanced air mobility market is in development phase in Europe; however, the leading companies are strategically working upon to leverage the market dynamics. For instance, in 2023, Bristow Group and Volocopter collaborated and signed an agreement to develop passenger and cargo services for eVTOL aircraft in the US and the UK. In 2023, Eve and Blade Air Mobility collaborated to integrate flying car into Europe. Through this agreement, Blade aims at emphasizing on the advancement of air mobility across the European countries.
In 2022, ITA Airways and Airbus collaborated to develop urban air mobility services in Italy. Through this agreement, both the companies will collaborate with local mobility service providers to sustainably launch the operations with CityAirbus advanced eVTOL aircraft.
Volocopter GmbH, a German aircraft manufacturer and a leading pioneer of urban air mobility (UAM), has planned to launch the world’s first-ever eVTOL suite of services with the help of passenger air taxis and heavy-lift cargo drones. Also, in March 2022, Jetex and Volocopter signed a strategic alliance to define a safe and sustainable model of urban air mobility. The partnership was established to deploy and operate permanent, economically sustainable, and integrated UAM taxi take-off and landing infrastructure and services for passenger transportation. In addition, in October 2021, Volocopter GmbH successfully performed the first public flight demonstration of its eVTOL VoloDrone.
In March 2021, Lilium revealed its latest 7-Seater Lilium Jet (eVTOL) aircraft, as an advanced fourth generations of technology. The company has also planned to merge with Qell Acquisition Corp. making the eVTOL maker a publicly listed company. Honeywell, Rolls-Royce, and other large aerospace players have already formed specialist units for urban air mobility to discover technologies, including hybrid and electric systems, along with other prospects, such as autonomous and actuation flight systems.
Thus, rising developments in advancing the eVTOL aircraft and small unmanned drones and growing initiatives for improving the advanced air mobility in European countries bolster the advanced air mobility market growth in Europe.
Europe Advanced Air Mobility Market Revenue and Forecast to 2030 (US$ Million)
Europe Advanced Air Mobility Market Segmentation
The Europe advanced air mobility market is segmented based on component, operation mode, propulsion type, end-use, and country.
Based on component, the Europe advanced air mobility market is bifurcated into hardware and software. The hardware segment held a larger Europe advanced air mobility market share in 2022.
In terms of operation mode, the Europe advanced air mobility market is bifurcated into piloted and autonomous. The piloted segment held a larger Europe advanced air mobility market share in 2022.
By end-use, the Europe advanced air mobility market is segmented into passenger and cargo. The cargo segment held a larger Europe advanced air mobility market share in 2022.
By propulsion type, the Europe advanced air mobility market is segmented into fully electric and hybrid. The fully electric segment held a larger Europe advanced air mobility market share in 2022.
Based on country, the Europe advanced air mobility market is categorized into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Germany dominated the Europe advanced air mobility market in 2022.
Airbus SE, EHang Holdings Ltd, The Boeing Co, Embraer SA, Elbit Systems Ltd, Volocopter GmbH, and Lilium GmbH are some of the leading companies operating in the Europe advanced air mobility market.
Table of Content
1. Introduction
1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Advanced Air Mobility Market Landscape
4.1 Overview
4.2 Porter's Analysis
4.3 Ecosystem Analysis
5. Europe Advanced Air Mobility Market - Key Industry Dynamics
5.1 Europe Advanced Air Mobility Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Embracing Air Taxis Owing to the Advancement of Urban Air Mobility
5.2.2 Growing advent of small unmanned systems for cargo deliveries
5.2.3 Advancement of Electric Propulsion-Based eVTOL Aircraft
5.3 Market Restraints
5.3.1 Required Certification and Qualification Challenges for Market Vendors
5.4 Market Opportunities
5.4.1 Rising Construction of Vertiports
5.4.2 Demand for Last-Mile Delivery
5.5 Future Trends
5.5.1 Evolving Necessity for Green Energy-Based Mode of Transportation
5.6 Impact of Drivers and Restraints:
6. Advanced Air Mobility Market - Europe Market Analysis
6.1 Europe Advanced Air Mobility Market Revenue (US$ Million), 2022 - 2030
6.2 Europe Advanced Air Mobility Market Forecast and Analysis
7. Europe Advanced Air Mobility Market Analysis - By Component
7.1 Overview
7.1.1 Europe Advanced Air Mobility Market, By Component (2022 and 2030)
7.2 Hardware
7.2.1 Overview
7.2.2 Hardware: Europe Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
7.3 Software
7.3.1 Overview
7.3.2 Software: Europe Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
8. Europe Advanced Air Mobility Market Analysis - Operation Mode
8.1 Overview
8.1.1 Europe Advanced Air Mobility Market, By Operation Mode (2022 and 2030)
8.2 Piloted
8.2.1 Overview
8.2.2 Piloted: Europe Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
8.3 Autonomous
8.3.1 Overview
8.3.2 Autonomous: Europe Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
9. Europe Advanced Air Mobility Market Analysis - By End Use
9.1 Overview
9.1.1 Europe Advanced Air Mobility Market, By End Use (2022 and 2030)
9.2 Passenger
9.2.1 Overview
9.2.2 Passenger: Europe Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
9.3 Cargo
9.3.1 Overview
9.3.2 Cargo: Europe Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
10. Europe Advanced Air Mobility Market Analysis - by Propulsion Type
10.1 Overview
10.1.1 Europe Advanced Air Mobility Market, By Propulsion Type (2022 and 2030)
10.2 Fully Electric
10.2.1 Overview
10.2.2 Fully Electric: Europe Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
10.3 Hybrid
10.3.1 Overview
10.3.2 Hybrid: Europe Advanced Air Mobility Market, Revenue and Forecast to 2030 (US$ Million)
11. Europe Advanced Air Mobility Market - Country Analysis
11.1 Europe
11.1.1 Europe Advanced Air Mobility Market Overview
11.1.2 Europe Advanced Air Mobility Market Revenue and Forecasts and Analysis - By Country
11.1.2.1 Germany Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.1.1 Germany Advanced Air Mobility Market Breakdown by Component
11.1.2.1.2 Germany Advanced Air Mobility Market Breakdown by Operation Mode
11.1.2.1.3 Germany Advanced Air Mobility Market Breakdown by End Use
11.1.2.1.4 Germany Advanced Air Mobility Market Breakdown by Propulsion Type
11.1.2.2 France Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.2.1 France Advanced Air Mobility Market Breakdown by Component
11.1.2.2.2 France Advanced Air Mobility Market Breakdown by Operation Mode
11.1.2.2.3 France Advanced Air Mobility Market Breakdown by End Use
11.1.2.2.4 France Advanced Air Mobility Market Breakdown by Propulsion Type
11.1.2.3 Italy Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.3.1 Italy Advanced Air Mobility Market Breakdown by Component
11.1.2.3.2 Italy Advanced Air Mobility Market Breakdown by Operation Mode
11.1.2.3.3 Italy Advanced Air Mobility Market Breakdown by End Use
11.1.2.3.4 Italy Advanced Air Mobility Market Breakdown by Propulsion Type
11.1.2.4 UK Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.4.1 UK Advanced Air Mobility Market Breakdown by Component
11.1.2.4.2 UK Advanced Air Mobility Market Breakdown by Operation Mode
11.1.2.4.3 UK Advanced Air Mobility Market Breakdown by End Use
11.1.2.4.4 UK Advanced Air Mobility Market Breakdown by Propulsion Type
11.1.2.5 Russia Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.5.1 Russia Advanced Air Mobility Market Breakdown by Component
11.1.2.5.2 Russia Advanced Air Mobility Market Breakdown by Operation Mode
11.1.2.5.3 Russia Advanced Air Mobility Market Breakdown by End Use
11.1.2.5.4 Russia Advanced Air Mobility Market Breakdown by Propulsion Type
11.1.2.6 Rest of Europe Advanced Air Mobility Market Revenue and Forecasts to 2030 (US$ Mn)
11.1.2.6.1 Rest of Europe Advanced Air Mobility Market Breakdown by Component
11.1.2.6.2 Rest of Europe Advanced Air Mobility Market Breakdown by Operation Mode
11.1.2.6.3 Rest of Europe Advanced Air Mobility Market Breakdown by End Use
11.1.2.6.4 Rest of Europe Advanced Air Mobility Market Breakdown by Propulsion Type
12. Industry Landscape
12.1 Overview
12.1.1 Market Initiative
12.1.2 New Product Development
12.1.3 Merger and Acquisition
13. Company Profiles
13.1 Airbus SE
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 EHang Holdings Ltd
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 The Boeing Co
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 Embraer SA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Elbit Systems Ltd
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Volocopter GmbH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Lilium GmbH
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
14. Appendix
14.1 About The Insight Partners
List of Tables
Table 1. Europe Advanced Air Mobility Market Segmentation
Table 2. Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Table 3. Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million) - Component
Table 4. Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million) - Operation Mode
Table 5. Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million) - by End Use
Table 6. Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million) - Propulsion Type
Table 7. Germany Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Component
Table 8. Germany Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Operation Mode
Table 9. Germany Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By End Use
Table 10. Germany Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Propulsion Type
Table 11. France Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Component
Table 12. France Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Operation Mode
Table 13. France Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By End Use
Table 14. France Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Propulsion Type
Table 15. Italy Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Component
Table 16. Italy Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Operation Mode
Table 17. Italy Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By End Use
Table 18. Italy Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Propulsion Type
Table 19. UK Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Component
Table 20. UK Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Operation Mode
Table 21. UK Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By End Use
Table 22. UK Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Propulsion Type
Table 23. Russia Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Component
Table 24. Russia Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Operation Mode
Table 25. Russia Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By End Use
Table 26. Russia Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Propulsion Type
Table 27. Rest of Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Component
Table 28. Rest of Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Operation Mode
Table 29. Rest of Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By End Use
Table 30. Rest of Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn) - By Propulsion Type
List of Figures
Figure 1. Europe Advanced Air Mobility Market Segmentation, By Country
Figure 2. Porter's Analysis
Figure 3. Ecosystem: Europe Advanced Air Mobility Market
Figure 4. Impact Analysis of Drivers and Restraints
Figure 5. Europe Advanced Air Mobility Market Revenue (US$ Million), 2022 - 2030
Figure 6. Europe Advanced Air Mobility Market Share (%) - Component, 2022 and 2030
Figure 7. Hardware: Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 8. Software: Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 9. Europe Advanced Air Mobility Market Share (%) - Operation Mode, 2022 and 2030
Figure 10. Piloted: Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 11. Autonomous: Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 12. Europe Advanced Air Mobility Market Share (%) - End Use, 2022 and 2030
Figure 13. Passenger: Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 14. Cargo: Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 15. Europe Advanced Air Mobility Market Share (%) - Propulsion Type, 2022 and 2030
Figure 16. Fully Electric: Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 17. Hybrid: Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Million)
Figure 18. Europe Advanced Air Mobility Market Breakdown Revenue, by Country (2022) (US$ Mn)
Figure 19. Europe Advanced Air Mobility Market Breakdown by Country (2022 and 2030)
Figure 20. Germany Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 21. France Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 22. Italy Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 23. UK Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 24. Russia Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn)
Figure 25. Rest of Europe Advanced Air Mobility Market Revenue and Forecasts To 2030 (US$ Mn)
1. Airbus SE
2. EHang Holdings Ltd
3. The Boeing Co
4. Embraer SA
5. Elbit Systems Ltd
6. Volocopter GmbH
7. Lilium GmbH
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