US Urban Air Mobility Market Estimated At $ 115 Billion By 2035

US Urban Air Mobility Market Estimated At $ 115 Billion By 2035

February 9, 2021 0 By autotimesnews

Air taxis, cargo drones and related infrastructure will generate over $ 115 billion in revenue for VTOL developers and suppliers by 2035, according to a joint study by Deloitte and the Aerospace Industries Association. The development industry will also create more than 280,000 high-paying jobs and form the backbone of the $ 20 billion export market, and the key to developing airmobility will be fruitful collaboration between the private sector and the US government.

According to Future Flight, by 2035, annual revenues will be divided almost equally – $ 57 billion will be earned by air taxi and other passenger services, and the remaining $ 58 billion will be received by logistics companies. However, until the middle of the next decade, a clear advantage will be on the side of the cargo industry – the demand for logistics services continues to grow, and it will be much easier to obtain a permit to operate a cargo drone.

According to analysts from Deloitte and AIA, a sharp jump in the distribution of air taxi and delivery services will take place in 2025. This year is in line with the already announced plans of many eVTOL developers – Daymak, Samad Aerospace, Lilium, Joby Aviation and others are going to organize the first deliveries of their solutions just by this time. At the same time, the deployment of flying cars will affect not only large metropolitan areas, but also rural areas, according to Deloitte.

Much of the report also focuses on the military sector and the capabilities of the United States in terms of technological progress. According to AIA CEO Eric Fanning, the national strategy for advanced airmobility (AAM) will allow the United States to become a market leader and create a number of benefits for the country’s national security.

“Our industry is on the cusp of the next big step in aviation technology. By creating the AAM strategy, we can give the United States a significant competitive advantage in the global marketplace and realize new national security benefits, including new ways of transporting our troops and supplies, ”explained Fanning.

At the same time, Deloitte and AIA noted a growing threat from China, Germany and South Korea. The countries listed by analysts are also massively working on eVTOL devices, and private companies in China are actively cooperating with the government in order to quickly obtain appropriate permits and develop infrastructure. Deloitte and AIA reported that public-private collaboration on eVTOL implementation appears to be the most effective.

In addition to the production of air taxis and cargo drones themselves, the experts identified a number of additional areas that will affect the speed of implementation of urban airmobility. These include new research and development in the field of batteries, artificial intelligence and 5G networks.