FutureFlight On The Radar
New Forecast Sees Vast Advanced Air Mobility Services in the Asia Pacific Region by 2050
Aircraft engine maker Rolls-Royce and tranportation consultancy Roland Berger say the Asia Pacific market could generate annual revenues of $36.9 billion by 2050.

Aircraft engine maker Rolls-Royce and transportation consultants Roland Berger this week released a report that predicts the advanced air mobility (AAM) market in the Asia Pacific region will be worth $36.9 billion in annual revenues by 2050. The report, released during the Singapore Airshow, is mainly based on the anticipated adoption of eVTOL aircraft for urban and regional air mobility services, including airport shuttles and intercity connections of up to 250 km (155 miles).

The 19-page document envisages cities such as Singapore, Tokyo, and Seoul being among the AAM early adopters in the region. The study see some 16,400 passenger eVTOL aircraft entering service in Japan over the next three decades and generating annual revenues of $14.3 billion by 2050, compared with $3.8 billion in South Korea and $350 million in Singapore.