Advanced air mobility (AAM) are systems that incorporate support for next-generation transport such as such as remotely piloted, autonomous, or vertical take-off and landing (VTOL) aircraft.[1][2][3] This includes those powered by electric or hybrid-electric propulsion.[4]
AAM seeks to support unmanned aerial systems (UAS) and sustainable aircraft. This requires the development of physical infrastructure for vertiports as well as highly automated digital infrastructure, i.e. UAS traffic management (UTM).[5]
AAM combines both urban air mobility (UAM), which involves transporting persons and cargo above the traffic within a city and regional air mobility (RAM) which is focused more on connecting suburbs, villages and rural towns as well as islands or adjacent communities separated by mountainous regions.[6][7][8] UAM has attracted the majority of investment.[9] AAM expands upon the principles of UAM to applications beyond the urban environment:[10]
In February 2020, the National Academies of Sciences, Engineering, and Medicine expanded[3] the scope of the developing UAM concept beyond Manhattan use cases.[11] Since March 2020, UAM has been considered an element of AAM, as defined by the National Aeronautics and Space Administration (NASA).[12] Four months later, the Federal Aviation Administration (FAA) formally adopted the term.[10]
According to a May 2021 market valuation by Morgan Stanley, AAM is projected to be worth $1 trillion US dollars by 2040 and up to $9 trillion a decade later.[13] However, consulting firm Drone Industry Insights, which primarily focuses on the commercial drone market, offers a more conservative forecast of $20.8 billion by 2035, with a CAGR of 22.1%.[6]