Aircraft
AAM Market Worth $68.1B by 2032, Study Finds
The advanced air mobility industry will grow at a CAGR of 35.2 percent, according to a new market report.
Joby Aviation's eVTOL aircraft
Joby Aviation is one of several advanced air mobility companies whose aircraft and operating model was analyzed in the new market research report. (Photo: Joby Aviation)

The global market for advanced air mobility (AAM) could be worth more than $68 billion by 2032, according to a market research report published today by Custom Market Insights.

In the report, the researchers noted that the AAM industry had a valuation of approximately $8.2 billion in 2022 and that they expect it to reach $14.1 billion by the end of 2023. Between now and 2032, the AAM market is projected to expand at a compound annual growth rate of about 35.2 percent.