Market For AAM In The US Is Estimated To Reach $115 Billion Annually By 2035

On April 2, the Aircraft Electronics Association and other aviation organizations urged the United States Congress to pass the Advanced Air Mobility Coordination and Leadership Act.

In a letter sent to congressional leaders in both the United States Senate and House of Representatives, the industry groups noted that the “legislation is intended to ensure critical federal government leadership and coordination in support of the emerging Advanced Air Mobility (AAM) sector.

The new and innovative AAM sector will use highly automated electric and vertical take-off and landing vehicles to facilitate new transportation options, create jobs and economic activity, advance environmental sustainability and new technologies, and support emergency preparedness and competitiveness. A recent study found that the market for AAM in the U.S. is estimated to reach $115 billion annually by 2035 and is expected to benefit urban, suburban, and rural communities.”

The proposed bill in the Senate (S. 516) and its companion bill in the House (H.R. 1339) “direct the Department of Transportation to establish an Advanced Air Mobility interagency working group to plan and coordinate efforts related to the safety, infrastructure, physical security, cybersecurity, and federal investment necessary to bolster the AAM ecosystem in the United States.

Advanced Air Mobility refers to an air transportation system that moves people and cargo between places using new aircraft designs that are integrated into existing airspace operations as well as operated in local, regional, intraregional, rural, and urban environments.”

FMI: https://aea.net/pdf/AAM_Support_Letter_US_Senate.pdf, https://aea.net/pdf/AAM_Support_Letter_US_House.pdf