Advanced Air Mobility, an emerging new aviation technology\nthat will revolutionize short-distance air transportation by using electrically\npowered, vertical-take-off-and-landing aircraft (eVTOL), offers the Atlantic\nCounty region a significant opportunity to build and strengthen New Jersey\u2019s\nresearch and development capabilities according to a study by Deloitte\nConsulting, LLP. The study, A Strategic Roadmap for the Development of Advanced\nAir Mobility, was commissioned by the National Aerospace Research &\nTechnology Park (NARTP) in Egg Harbor Township, NJ. According to Deloitte, the\ngrowing AAM sector is projected to create more than 25,000 jobs and $152\nmillion in annual state tax revenue for New Jersey over the next 15 years.<\/p>\n\n\n\n
AAM offers the potential for safe, sustainable, affordable, and\naccessible mobility for both passengers and cargo. It integrates air travel as\npart of day-to-day transportation, whether through delivery of goods or\ntransportation of passengers in air taxis within cities and throughout regions.\nAAM aircraft are designed to be quieter than current aircraft and run on\nelectric or hybrid-electric power, offering a \u201cgreen\u201d alternative to\ntraditional transportation methods, and reducing the impact of noise pollution\nand emissions on the environment.<\/p>\n\n\n\n
\u201cAAM gives us a once-in-a-generation economic development\nopportunity with statewide benefits that starts here in Atlantic County,\u201d said\nNARTP President\/CEO, Howard J. Kyle. \u201cIt will create technology-based jobs and\nwill help to attract aviation-related companies. With the Strategic Roadmap\nthat Deloitte prepared, we have outlined a clear path toward making a major\ncontribution in the advancement of this new industry. Other states are\nbeginning to recognize the economic potential of AAM, so it is important that\nwe capitalize on our unique assets and move quickly.\u201d<\/p>\n\n\n\n
The Deloitte study finds that New Jersey\u2019s proximity to New\nYork and Philadelphia, makes it \u201can economically viable location for the early\nadoption of AAM.\u201d The report also notes the \u201cunique combination of aviation assets\nand accelerators\u201d located within the New Jersey Aviation Innovation Hub in\nAtlantic County as additional factors that position the Garden State to become\na leader in the U.S. AAM market. The NJ Aviation Innovation Hub is home to the\nFAA William J. Hughes Technical Center, a designated Smart Airport Test Bed\nFacility at Atlantic City International Airport, and the 58-acre NARTP.<\/p>\n\n\n\n
\u201cWe\u2019ve known for some time that the aviation sector in\nAtlantic County is ripe for investment, growth, and innovation, and represents\na key factor in the diversification of the southern New Jersey economy,\u201d said\nNARTP Chairman Mark Loeben. \u201cThis strategy guide now gives the NARTP more\nleverage, tools, and direction to implement a multi-phased approach to enabling\nAAM in New Jersey. This is just one of the numerous aviation-related\nopportunities we are pursuing at the NARTP, and it is certainly one of the most\nexciting.\u201d<\/p>\n\n\n\n
Deloitte notes that, \u201cNew Jersey and Atlantic County have an\nopportunity to develop and grow the emerging AAM market through the advancement\nof R&D and operational capabilities for commercial passenger and cargo\noperations.\u201d Private AAM companies will be recruited as tenants of the NARTP\nwhere they will work alongside the FAA and NASA to nurture and develop AAM capabilities\nwhile developing the required physical and regulatory infrastructure for the\nindustry to grow and thrive.<\/p>\n\n\n\n
Deloitte has conducted several studies regarding AAM and is\nrecognized as an expert in this area. Deloitte\u2019s Emerging Infrastructure Technology\nServices group has helped state, federal, and commercial clients define their\nAAM strategies and roadmaps based on their unique opportunities, challenges,\nand needs. Deloitte combines innovative and world-class capabilities to assess\nthe impacts, benefits and opportunities resulting from emerging technology\necosystems.<\/p>\n\n\n\n
Deloitte\u2019s research indicates that U.S. aerospace and\ndefense companies are poised to lead the nascent global industry, which is\npredicted to become mainstream in the 2030s. Deloitte considers AAM to be \u201cthe\nnext inflection point in the aerospace industry\u2019s ongoing evolution,\u201d and is\nestimated to reach $115 billion annually by 2035, employing more than 280,000\nworkers in high-paying jobs.<\/p>\n\n\n\n