Archer and Joby are racing toward FAA certification with billions in backing, strategic partnerships, and clear paths to commercial launch.
A new subsector is taking shape inside aerospace and defense: advanced air mobility. Electric vertical takeoff and landing (eVTOL) aircraft promise to turn congested commutes into short, emissions-free flights, opening a market analysts see topping $1 trillion by 2040.
Regulators are leaning in -- the Federal Aviation Administration (FAA) and the White House launched pilot programs in 2025 to fast-track certification, while the U.K. and UAE are building frameworks to attract the first fleets. For investors, this is still early-stage territory with high burn rates and certification hurdles, but the opportunity is enormous.
Two companies -- Arche