Deloitte and the Aerospace Industries Association have published a joint report that says cooperation between the public and private sectors could help the advanced air mobility market grow into a $115 billion industry by 2035.
The company said Tuesday the "Advanced Air Mobility: Can the U.S. Afford to Lose the Race?," report predicts that emerging AAM platforms would enter the mainstream market in the 2030s and drive the creation of more than 280,000 domestic jobs.
Exports of U.S.-made AAM systems are projected to bring as much as $20 billion to the national economy in 14 years, according to the market forecast.
Robin Lineberger, leader of Deloitte's aerospace and defense segment, said that government and industry need a collaborative approach to facilitate AAM deployment and drive the adoption of electric vertical takeoff and landing aircraft.
“With the market poised to grow sevenfold between 2025 and 2035, it's important for U.S. policymakers and industries to cooperate now to ensure American leadership in this transformative emerging sector,” Lineberger added.
The report noted the U.S. should consider establishing a clear policy environment that would encourage partnerships, simplify test and certification processes and support potential AAM integration into the current airspace system.
Other AAM market drivers mentioned in the study are the development of 5G, artificial intelligence and next-generation battery technologies and construction of physical infrastructure.
Deloitte and AIA interviewed more than 50 senior executives within the U.S. aerospace and automotive industries for the market report.
The company gathered insights from 102 policy and industry executives through a separate survey as part of the research effort with the association.