Rolls-Royce is pioneering zero emissions aviation and today together with Roland Berger, has released a market study into the potential of the Advanced Air Mobility Market (AAM) for the APAC* region. The report looks into the benefits of passenger all-electric Vertical Take-Off and Landing (VTOL) aircraft, known as 'air taxis', that can be used for Urban and Regional Air Mobility. This includes city taxi or airport shuttle routes and intercity flights of up to 250 km.

The study also highlights the importance of government, industry and regulators working together to develop the regulation, infrastructure and societal change needed to deliver the many economic and environmental benefits that AAM offers. This is a new emerging market that could deliver $36.9bn of service revenue alone across the APAC region by 2050.

The urban geographies of the cities of Singapore, Tokyo and Seoul mean the APAC region could lead the way in advanced air mobility by offering time-saving and more convenient travel that could bring downtown, suburbs and tourist attractions closer together. The study estimates that 16,400 Passenger VTOL aircraft could be in operation in Japan, worth around $14.3 billion service revenue, by 2050, with South Korea offering the commercial potential of $3.8 billion and Singapore $350 million, in under three decades.

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Rolls-Royce Holdings plc published this content on 16 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 February 2022 03:33:06 UTC.