A joint study from Deloitte and the Aerospace Industries Association (AIA) predicts that the U.S. advanced air mobility (AAM) market, which includes flying taxis and cargo drones, will generate sales of $115 billion annually by 2035—equivalent to 0.5 percent of U.S. GDP. This emerging industry is also expected to create more than 280,000 “high paying” jobs in the same time frame, accounting for approximately 8 percent of the aerospace and defense workforce, the new report adds.
Forecast annual revenues by 2035 are initially almost evenly split between passenger and cargo, with the segments expected to reach $57 billion and $58 billion, respectively by 2035. Though the cargo mobility market is anticipated to be the first to grow and achieve scale, the passenger mobility market will catch up and exceed cargo after 2035, according to the report, “Advanced Air Mobility: Can the U.S. Afford to Lose the Race?”
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