Measure AAM penetration before revenue makes it obvious.
In a pre-scale industry, revenue and unit deliveries are lagging indicators. The earlier evidence is fragmented across operator commitments, state action, FAA records, landing infrastructure, and observed operations.
That makes penetration easy to overstate. An announcement is not a deployment, a registered pad is not necessarily usable, and certification progress does not mean a market is ready to operate.
What AirIndex delivers.
AirIndex measures penetration as a chain of observable evidence: where intent has been declared, where operating conditions are enabled, where assets are deployed, and where activity is actually observed.
The result is a market-by-market view of how far the industry has progressed — and exactly which prerequisite is holding back the next stage. Every material claim is source-traced so an investment team can inspect the evidence, not just inherit a score.
How AirIndex measures penetration.
AirIndex does not treat every industry signal as equivalent. It separates four stages that are often collapsed into one adoption claim.
Together, these stages show where penetration is real, where it is still conditional, and what evidence would advance the thesis.
- AIS scores across 25 U.S. markets with factor-level decomposition
- Penetration evidence by stage — declared, enabled, deployed, observed
- Operator deployment graph — who is committed where, and on what evidence
- Forward signals and catalyst windows that confirm or invalidate the thesis
- Source-level audit trail and a fully published scoring methodology
What decision this supports.
- Market-penetration measurement before commercial revenue
- Thesis timing and deployment-window identification
- Downside analysis: which missing prerequisite breaks the thesis
- Cross-market and cross-operator diligence
Tell us the company, technology, or markets in your thesis. We will map the penetration evidence and the gaps.
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