Advanced Air Mobility refers to adopting hybrid & electric aircraft to move people & cargo in urban, suburban & rural areas. It is a transformative & disruptive airborne technology that helps transport people & things to locations, which are traditionally not served by current air transportation modes. Sometimes, Advanced Air Mobility is also known as Urban Air Mobility (UAM). However, Urban Air Mobility (UAM) is a subset of Advanced Air Mobility (AAM) that focuses more on the specific routes taking place within & around city centers.
The “Global Advanced Air Mobility Security Market” is anticipated to grow at a CAGR of around 12.5% during the forecast period, i.e., 2021 26, says MarkNtel Advisors. The market growth primarily attributes to the expansive amounts of data produced with the increasing use of Advanced Air Mobility services, such as passenger & cargo transportation, in urban mobility. Cybersecurity is emerging as one of the main focus areas of Advance Air Mobility traffic management.
As the cyber threat landscape changes every day, the need for raising awareness regarding cybersecurity & cyber threat mitigation is mounting among emerging Advance Air Mobility environments. In addition to this, to boost the Advance Air Mobility demand, an assurance about cybersecurity is critical for public acceptance. Hence, the factors cited above lead to fuel the overall market growth in the coming years, further states the research report, “Global Advanced Air Mobility Security Market Analysis, 2021.”
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR(2021-26) | 12.5% |
| Regions Covered | North America: USA, Canada, Mexico |
| Europe: Germany, UK, France, Italy, Spain | |
| Asia-Pacific: China, India, Japan, South Korea | |
| South America: Brazil | |
| Middle East & Africa: UAE, Saudi Arabia, South Africa | |
| Key Companies Profiled | Hackerone, IBM, McAfee, Fortinet, KnowBe4, Microsoft, Sophos, Imperva, Splunk, Netsparker |
| Unit Denominations | USD Million/Billion |
The Impact of COVID-19 outbreak on the Global Advanced Air Mobility Security Market
Last year, the COVID-19 pandemic grounded most international & interstate air travel. Due to the pandemic, the Advanced Air Mobility Security Market's supply chain got severely impacted. The spread of the virus across several countries of the world negatively affected the R&D facilities of Advanced Air Mobility vehicles & the market witnessed a slowdown.
For instance, Airbus’ Urban Air Mobility (UAM) operations company, Voom, ceased its operations at the end of March 2020 and cited the COVID-19 pandemic as the primary cause of the closure. Apart from this, Uber offloaded its air taxi enterprise, Elevate, to Joby Aviation in December 2020. The COVID-19 pandemic prompted the company to dump its project, said Uber.
However, despite this, some Advance Air Mobility companies have claimed that they provide a unique benefit to society at a time of global uncertainty. Therefore, this trend in the aviation industry will continue to rise & lead the market to witness significant growth in the coming years.
