© 2023 KPMG, an Irish partnership and a member firm of the KPMG global organization of independent member firms affiliated withKPMG International Limited, a private English company limited by guarantee. All rights reserved.1While urban centres will be one driver in air mobility, and we will therefore see intra-national disparities in market development, we think a national lens is most relevant. This reflects theimportance of national policies, national aviation authorities and air traffic management, as well as the potential for air mobility to go beyond intra-urban transport and be integrated airsideas a regional connection network for traditional domestic and international aviation.ReaderguideThe Air Taxi Readiness Index (ATRI), now in its fourth iteration, is a toolto help measure the level of preparedness for the upcoming generationof passenger- and cargo-carrying Vertical Take-off and Landing (VTOL)vehicles in 60 selected territories. It is a composite index that combinesnearly 50 individual, existing metrics from a range of sources into a singlescore. The metrics are arranged across five pillars: consumer acceptance;infrastructure; policy & legislation; technology & innovation; and businessopportunity. Each territory receives a score for each pillar, and these areaggregated into totals at the national level which we then convert torelative rankings among the 60 territories.Scores are based on normalized results from pre-existing KPMG and third-party secondary sources (end noted),with weighting applied to reflect metric relevance as a proxy.The index is to be used to form comparisons between countries’ preparedness levels for regional air mobilityadoption and to stimulate thought and debate. It is not meant to be exhaustive or definitive in terms ofpredicting air taxi or logistics adoption rates. Its intended audience is public and private bodies alike lookingto understand the benefits of early adoption of this technology, and the suitability of different territories forrelevant pilots and commercial investment. We use short / vertical take-off and landing (‘S/VTOL’) and ‘airtaxi’ interchangeably throughout, referring to vehicles capable of short-haul airspace passenger or cargotransportation, piloted or unpiloted.© 2024 KPMG, an Irish partnership and a member firm of the KPMG global organization of independent member firmsaffiliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. 1 Overall rankings•The first three countries (US, China,UK) remain unchanged for the thirdconsecutive year, cementing theirstatus as likely long-term key markets.•South Korea continues its upwardtrajectory, climbing to 4th placehaving jumped from 11th to 5th lastyear.•Similarly, the UAE rose again to 6th,having already managed a jump fromAmongst many interesting points, we highlight the following for comment:20242023TerritoryRankRankChange TerritoryUS11China22UK33South Korea45Japan54UAE612Germany77France86Canada98Brazil1011Australia119New Zealand1214Singapore1316Spain1413India1523Ireland1619Netherlands1717Italy1821Sweden1918Saudi Arabia2030+101.USAIndexResults 21st to 12th last year, demonstratingthe country’s determination to be anair taxi player, including ambitions tobe one of the first locations globallyserving regular passenger trips for thepremium market.•India has climbed eight places,from 23 to 15, reflecting significantimprovements in consumersentiment, infrastructure, and policy& legislation.•Some other drops mask specific, local initatives or developments. Forexample, Norway has strong supportfor the electrification of regionalaviation, but much of this won’t bein the low altitude or VTOL economy.In another example, Ukraine, Russiaand Israel have all dropped in termsof the proxies we use for commercialattractiveness, but have clearlybecome major users of drones in amilitary context.3 Introduction:theaerialmobilityrevolutionPlayers in the next-gen aerial mobility space have moved beyond the peakof the hype cycle to face the long grind of building viable businesses.Inevitably, not all will succeed; the past twelve months have seen a numberof prominent names forced to raise additional cash, while signature eventssuch as Volocopter’s publicized plans for air taxis over Paris during theOlympics have not materialized as planned, and have even faced significanthostility.2,3As a consequence, we have witnessed a sectoral shift of focus to the Gulf as operators rush to deploy aircraft tosatisfy real-world use cases, and where the funding landscape and end consumer affluence allows. This pivot isreflected in a number of recent developments in the UAE and Saudi Arabia:Joby Aviation announced that it is planning tostart commercial air taxi flights in Dubai by late2025.4Archer Aviation signed a framework agreementwith the Abu Dhabi Investment Office,involving in-country manufacturing and theconstruction of vertiports as well as substantialinvestments in its air taxi ser