ADVANCED AERIAL MOBILITY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In June 2024, Airbus S.A., a prominent aerospace corporation, and Avincis, a well-established Europe-based helicopter operator and leader in aerial emergency services, signed a Memorandum of Understanding (MoU) to collaborate on the development of Advanced Air Mobility (AAM). The partnership will focus on exploring opportunities for operating electric vertical take-off and landing (eVTOL) aircraft across Europe, aiming to define the concept of operations for these innovative aircraft both in Europe and beyond.
• In March 2022, Lilium N.V., a developer of all-electric vertical take-off and landing (eVTOL) jets, entered into a Memorandum of Agreement with NetJets Inc., the world's largest private aviation company, alongside FlightSafety International, a leader in professional aviation training. This collaboration allows NetJets Inc. the opportunity to purchase over 150 Lilium aircraft, providing its shareholders with additional options to enhance their existing flight schedules.
• In March 2021, Lilium GmbH, a Germany-based startup focused on developing electric vertical takeoff and landing (eVTOL) aircraft for regional air mobility, announced its merger with Qell Acquisition Corp, a special purpose acquisition company (SPAC) listed on Nasdaq. This partnership enabled Lilium GmbH to go public and raised significant funds to support its expansion plans aimed at commercializing its eVTOL aircraft for urban air mobility services.
• In June 2020, DroneBase, a leading aerial data analytics company headquartered in U.S. that provides drone services for various industries including renewable energy and construction, acquired AirMap, an airspace management platform known for its automated air traffic management solutions. This acquisition aimed to enhance DroneBase’s capabilities in airspace intelligence and management, addressing the growing demand for safe and efficient drone operations in the advanced air mobility market.