In 2018, I was invited to be a speaker at a conference in the Midwest. Before I got on the stage to present my keynote, the session before me was talking about a new concept that I remember briefly hearing about as a student at Embry-Riddle, Advance Air Mobility (AAM). The speaker mentioned how AAM is the future of aviation, and that it will revolutionize air travel as we know it.
AAM is known as the development, integration, and utilization of new airborne transportation systems, typically involving electric vertical takeoff and landing (eVTOL) aircraft, drones, and other innovative aerial vehicles. These systems are designed to operate in urban, suburban, and rural environments. Since that conference in 2018, so many developments have transpired in this sector.
Key Features of the AAM sectors include;
- eVTOLs: These are aircraft that can take off and land vertically like a helicopter but transition to forward flight like a plane, predominantly powered by electric propulsion.
- Urban Air Mobility (UAM): A subset of AAM focusing on urban environments. UAM seeks to alleviate ground traffic congestion by taking advantage of the airspace above cities.
- Decentralized Infrastructure: Instead of large central airports, AAM emphasizes smaller vertiports or landing pads scattered throughout urban and suburban areas.
- Autonomous Operations: While initial operations may have human pilots, the goal for many AAM solutions is to eventually operate autonomously, which will require advanced autonomous flight systems and robust air traffic management solutions.
The AAM sector on a global scale was valued at $8.2 billion in 2022. It is expected to grow at a Compound Annual Growth Rate (CAGR) of 20% by 2032 with a valuation to reach about $68.1 billion. Furthermore, investments in AAM have reached $4.8 billion in 2021, with new innovative companies launching each year in pursuit of the next successful eVTOL to hit the market. Specifically, there are over 200 companies globally in the race to develop eVTOL aircraft. The primary driver in the AAM sector is the Urban Air Mobility market which is projected to rise from 3.8 billion to 38.5 billion by 2030.
In terms of women in this sector, McKinsey & Company shared on its blog this year how women are advancing in Future Air Mobility (FAM). Here are a few key points the blog shared.
- Sustainable aviation saw the biggest improvement in gender diversity, with the number of women and nonbinary people increasing from 13 percent to 18 percent.
- Other segments, including manned advanced air mobility/eVTOL vehicles and small drones, showed smaller gains.
- Companies that develop supersonic and hypersonic technology regressed, with the number of women and nonbinary people falling from 23 percent to 20 percent, although the small sample size means that the departure of a few senior leaders could sway the numbers in a meaningful way.
- Among regions, North America has the most diverse leadership teams in both gender (20 percent female or nonbinary) and ethnic diversity—defined as the non-majority group in a company’s home country (18 percent).
- Technical roles have seen the biggest increase in diversity for both genders (going from 5 percent to 14 percent female or nonbinary) and people from ethnic minorities (going from 12 percent to 16 percent).
- Despite this progress, women and nonbinary people remain significantly underrepresented in technical roles at FAM companies, as they are in many other industries.
Our special guest who will launch us into season five of the AVIATE with Shaesta podcast is Elan Head, a familiar voice in AAM. Elan is an award-winning journalist specializing in aviation and technology. Head currently serves as the Senior Editor at The Air Current and continues to be a respected journalist in the industry covering several developments and breaking news in AAM. Elan is a Commercial Helicopter Pilot and an FAA Gold Seal flight instructor with helicopter and instrument helicopter ratings. Elan joins us to share her unexpected start in aviation and how she turned her passion for flight and journalism into a career that she truly enjoys.
