Advanced Air Mobility (AAM) is an emerging transportation system that will enable the safe and efficient low altitude operations and applications of unmanned aircraft (e.g., passenger transportation and cargo delivery) in the national airspace. This system is currently under active research and development by NASA in collaboration with FAA, other federal partner agencies, industry, and academia to develop its infrastructure, information architecture, software functions, concepts of operation, operations management tools and other functional components. Existing studies have, however, not thoroughly analyzed the net positive impact of AAM on society and environment to justify investments in its infrastructure and implementation. In this work, we fill this gap by evaluating the non-monetary social impact of AAM in the state of Ohio for passengers, patients, farmers, logistics companies and their customers and bridge inspection entities, as well as its environmental impact, by conducting a thorough data-driven quantitative cost-benefit analysis of AAM from the perspective of the state government. To this end, the most relevant and significant benefit and cost factors are identified, monetized, and estimated. Existing ground transportation for the movement of passengers and goods within and across urban areas is considered as the base case. The findings demonstrate that AAM's benefits are large and varied, far outweighing its costs. Insights on these benefits can help gain community acceptance of AAM, which is critical for successful implementation of AAM. The findings support decision-making for policymakers and provide justification for investments in AAM infrastructure by the government and private sector.

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