The Economic Impact of AAM Vehicle Certification on the Aviation Supply Chain: A Catalyst for Sustainable Growth

Abstract

The AAM market is forecasted to grow rapidly due to its capability of revolutionizing the movement of people in urban areas through the use of eVTOL aircraft and other technologies. However, strong, and efficient certification processes are essential prerequisites for such growth. This chapter looks into the intricately woven economic cost burden of AAM vehicle certification on the aviation ecosystem. It examines the totality of certification costs, the market and competition angle, stakeholder paradoxes of risk and reward, and the preeminent features of certification such as sustainability and value from the AAM ecosystem perspective. With these elements dissected, this chapter sets out to explain how certification can bring about sustainable development in the AAM industry.