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.
Rolls-Royce and Roland Berger expect as many as 82,500 AAM aircraft to be in service throughout the Asia Pacific region by the middle of this century. These aircraft would represent more than half of the global eVTOL fleet and around 40 percent of revenues. By 2030, the authors believe, more than 1,000 eVTOL vehicles will be operating in that part of the world.
The optimistic outlook was echoed by eVTOL aircraft developer Eve Urban Air Mobility, which this week predicted that by 2035, the Asia-Pacific region will be the world’s largest AAM market with over 25,000 eVTOL aircraft. The Embraer subsidiary expects this vast fleet to be operating 400,000 flights each day and carrying 500 million passengers per year.