Global Urban Air Mobility Market Insights
The global Urban Air Mobility market is estimated to witness a moderate CAGR rate during the forecast period. Urban air mobility is enabled by an innovative technology for on-demand and automated passenger or cargo-carrying transportation service, typically flown without a pilot. Urban air mobility is an efficient & safe method for air cargo and passenger transportation within an urban area, which includes small package delivery and other urban services which support a mix of onboard/ground-piloted and increasingly autonomous operations.
Urban air mobility services will bring new ways for people to travel around cities while reducing congestion. The increasing demand for an alternative mode of transportation in urban areas, along with technological innovation and commercial applications are the major factors drive the urban air mobility market. Growing demand from the companies for an efficient mode of logistics and transportation is expected to drive the market over the forecast period. Community noise from vehicle operations, cyber security protection, safety certification of autonomous vehicle systems, and safe airspace integration with traditional airline operations are the barriers in the urban air mobility market.
Urban Air Mobility Market: By Component
The global urban air mobility market can be segmented on the basis of component into infrastructure and platform. The platform segment is expected to grow at a high CAGR rate during the forecast period. The growth can be attributed to the increasing demand for eVTOls for intercity and intracity transportation. Use of drone technology for transportation in developed countries is also driving the market for the platform segment.
Urban Air Mobility Market: By Operation
The global urban air mobility market can be segmented on the basis of operation type into piloted and autonomous. The autonomous segment is projected to grow at a higher CAGR during the forecast period. The various applications of autonomous eVTOLs in commercial transportation are expected to drive the autonomous segment market. Autonomous aerial vehicles are used in different industries and are programmed with the latest technology and operated in urban areas and at high altitudes.
Urban Air Mobility Market: By Range
The global urban air mobility market can be segmented on the basis of range into intercity and intracity. The intracity segment is expected to have high CAGR rate during the forecast period. The intrascity ranges from 20kms -100kms.
Urban Air Mobility Market: Regional Insights
Europe urban air mobility market is expected to witness the highest growth rate during the forecast period. The market growth in this region can be attributed to the increasing investments by leading eVTOL manufacturers to develop UAM for commercial applications. The countries like France and Germany are technologically ahead in European region and preferred air mobility technology for cargo transportation. Increasing automation and globalization in these countries are fueling the urban air mobility market growth.
Urban Air Mobility Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Urban Air Mobility Market: End-User Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies, who are purchasing or likely to purchase Urban Air Mobility such as Bollero logistics Germany GmbH, Yusen logistics, and Dubai Roads and transportation authority among others.
Urban Air Mobility Market: Share& Competitor Analysis
Some of the key players operating in the Urban Air Mobility market are A³ By Airbus, Aurora Flight Sciences, Lilium, Embraer, Ehang, Volocopter, Workhorse Group, Pipistrel and Bell Helicopter among others.
In September 2017, Lilium developed a five-seat flying taxi, worth USD 90 million, capable of a vertical take-off and jet-powered flight
In June 2017, Workhorse Group unveiled its SureFly helicopter at the Paris Air Show. SureFly is a personal helicopter/VTOL aircraft with four propeller arms (with two fixed contra-rotating propellers on each arm), a backup battery to drive the electric motors if the engine fails, and a ballistic parachute intended to safely bring down the craft if needed
Avail customized purchase options to meet your exact research needs: