Global Urban Air Mobility Market, By Component (Infrastructure, Platform), Architecture (Rotary Wing, Fixed-Wing Hybrid), Range (Intercity (100 Kilometers To 400 Kilometers), Intracity (20 Kilometers To 100 Kilometers)), Operation (Piloted, Autonomous, Hybrid), Unmanned Platform System (Aerostructures, Avionics, Electrical Systems, Propulsion Systems, Cabin Interiors, Software), End User (Ride Sharing Companies, Scheduled Operators, E-commerce Companies, Hospitals and Medical Agencies, Private Operators), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Urban Air Mobility Market Analysis and Insights
The urban air mobility market size is valued at USD 26,150.23 million by 2028 and is expected to grow at a compound annual growth rate of 13.50% over the forecast period of 2021 to 2028. Data Bridge Market Research report on urban air mobility market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Urban air mobility is also known as UAM, and is an industry term which is used to refer cargo or passenger carrying, highly automated, and on demand services of air transportation. It is an inventive mode of transportation to avoid traffic congestion on road.
The urban air mobility market has a huge potential and is expected grow over the forecast period of 2021 to 2028, owing to the rise in the need for efficient mode of logistics and last-mile delivery. In addition, the high demand for alternative mode of transportation in urban mobility and smart city initiatives are also largely influencing the growth of the urban air mobility market. Also the high disposable incomes in developing countries and rise in demand for an alternative mode of transportation in urban mobility are another driver anticipated to flourish the urban air mobility market growth. Additionally, the increase in government funding is also expected to boost the growth of the urban air mobility market in the above mentioned forecast period.
However, the market of urban air mobility though has certain limitations which are expected to obstruct the potential growth of the market such as the legal and regulatory barriers and less adoption due to political, economic, social, technological and legal factors, whereas the designing and implementing required ground infrastructure can challenge the growth of the urban air mobility market in the above mentioned forecast period.
- In addition, the high demand for autonomous air ambulance vehicles, rapid technological advancements and increase in the environmental concerns are projected to offer various growth opportunities for the urban air mobility market in the forecast period of 2021 to 2028.
This urban air mobility market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the urban air mobility market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Urban Air Mobility Market Scope and Market Size
The urban air mobility market is segmented on the basis of component, architecture, range, operation, unmanned platform system and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Based on component, the urban air mobility market is segmented into infrastructure and platform. Infrastructure has further been segmented into charging stations, vertiports, air traffic management facilities and maintenance facilities. Platform has further been segmented into air taxis, air shuttles and air metro, personal air vehicles, cargo air vehicles, air ambulance and medical emergency vehicles and last-mile delivery vehicles. Air taxis have further been sub-segmented into manned air taxis and drone taxis.
- On the basis of architecture, the urban air mobility market is segmented into rotary wing and fixed-wing hybrid. Rotary wing has further been segmented into helicopters and multicopters. Fixed-wing hybrid has further been segmented into tilt rotor and vector thrust.
- On the basis of range, the urban air mobility market is segmented into intercity (100 kilometers to 400 kilometers) and intracity (20 kilometers to 100 kilometers).
Based on operation, the urban air mobility market is segmented into piloted, autonomous and hybrid. Autonomous has further been segmented into remotely/optionally piloted and fully autonomous.
The unmanned platform system segment of the urban air mobility market is segmented into aerostructures, avionics, electrical systems, propulsion systems, cabin interiors and software. Avionics have further been segmented into flight control systems, navigation systems, communication systems and sensors. Sensors have further been sub-segmented into speed sensors, light sensors, proximity sensors, position sensors and temperature sensors. Propulsion systems have further been segmented into electric batteries, solar cells, fuel cells and hybrid electric. Electrical systems have further been segmented into generators, motors, electric actuators, electric pumps and distribution devices.
Based on end user, the urban air mobility market is segmented into ride sharing companies, scheduled operators, e-commerce companies, hospitals and medical agencies and private operators.
Urban Air Mobility Market Country Level Analysis
The urban air mobility market is analyzed and market size, volume information is provided by country, component, architecture, range, operation, unmanned platform system and end user as referenced above.
The countries covered in the urban air mobility market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America leads the urban air mobility market because of the large market share of the U.S. Europe is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 because of the rise in the number of urban air mobility projects and increase in the investment on the transportation activities.
The country section of the urban air mobility market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Urban Air Mobility Market Share Analysis
The urban air mobility market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to urban air mobility market.
The major players covered in the urban air mobility market report are Wisk Aero LLC, LILIUM, Volocopter GmbH, Honeywell International Inc., TE Connectivity, Airbus S.A.S., Jaunt Air Mobility LLC, Joby Aviation, Archer Aviation, Lockheed Martin Corporation, NEVA Aerospace, Opener, Pipistrel Group, EHang, KITTY HAWK, AutoFlightX GmbH, SKYPORTS LIMITED, VERDEGO AERO, Hyundai Motor Company and Bell Textron Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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