Skyways to the Future 2024

In 2022, the global market size of AAM was estimated to be $8.93 billion. It was expected to reach $45.12 billion by 2030 at a compound annual growth rate of 22.45%.13 India is making rapid strides in its goal to streamline and future- proof its transport sector. The next generation of transport in India is poised to become increasingly safe, secure, efficient and potentially autonomous. In ground mobility, India’s purchasing trends around advanced driver-assistance systems (ADAS), which include partial vehicle automation, demonstrate a growing interest in advanced vehicle technologies. The India ADAS market is experiencing robust growth and is projected to reach $7.99 billion by FY 2031 from $1.52 billion in FY 2023.14India is seen as a key market with the potential to shape the future of global transport and infrastructure. In the AAM sector, given the population, geography and challenges in surface transport and aspirations, India is best placed to create an ecosystem that is supportive of and adaptive to diverse geopolitical environments. Taking lessons from conventional aviation in India, it is pertinent to establish and develop the entire value chain (including production, operations, support and services) to reap optimum benefits from this new ecosystem. The sector will gain much-needed momentum with incentive schemes focused on design, performance and employment, positioning India as a key player in AAM. Figure 9 highlights the potential areas of job creation and gross domestic product (GDP) growth: Potential areas of job creation and GDP growth by AAM industry FIGURE 9 Four AAM CapEx1 and OpEx2 supply chainsExample componentsDirect industry job and GDP impacts Air transport Other transit Taxi and limo services Support activities for transport Travel services Air transport Other transit Support activities for transport Architectural, engineering and related services Air transport Other transit B2B4 electronic markets Taxi and limo services Support activities for transport Travel services Ambulatory services Manufacturing Professional, scientific and technical services Engineering constructionTruck transport Telecommunications Energy production and transmission Real estate services Computer systems design and related services Financial investment services, funds and other financial vehicles Induced job and GDP impacts Miscellaneous spending of direct and indirect employee wages Logistics Hospitality Tourism Etc. etc.AAM industryGround infrastructure UATM AAM eVTOL operators AAM eVTOL manufacturingVertiports Battery charging stations Security shelter Amenities ATC towers ANSPs3 Beacon and radar surveillance Counter-UAS DAS GPS Weather Helicopter operators Medical services Airport shuttle Regional transport Cargo delivery Tourism Heli skiing Vehicle manufacturers Battery technology Hydrogen power Notes: 1. Capital expenditure; 2. Operating expenditure; 3. Air navigation service providers; 4. Business-to-business. Source: Canadian Advanced Air Mobility Consortium (CAAM). (2020). Economic Impacts of Advanced Air Mobility. https://www.pnwer.org/uploads/2/3/2/9/23295822/economic_impact_assesment_-_caam_-_v1.0.pdf. Skyways to the Future: Operational Concepts for Advanced Air Mobility in India 24