The urban air mobility market size reached USD 3.10 Billion in 2021 and is expected to register a revenue CAGR of 13.8 % during the forecast period, according to latest analysis by Emergen Research.
The Urban Air Mobility Market report covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
However, adoption is limited owing to political, economic, social, technological, and legal issues and these factors are expected to hamper market revenue growth to some extent during the forecast period. Fundamental hurdles that governments of every country face while adopting urban air transportation must overcome political, economic, social, technological, and legal concerns. Urban air mobility operations should be financially adjusted to accommodate increased operations while spending least amount of fixed resources. Significant investments must be made by research institutes, industry, universities, and governments.
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Key Highlights From The Report
- In June 2019, Airbus, Group ADP, and the RATP Group, along with the Paris Ile-de-France region and the French civil aviation authority (DGAC), have announced the launch of a feasibility study to demonstrate an urban system of vertical take-off and landing (VTOL) vehicles for the 2024 Olympic Games in Paris.
- The pilot-based operation makes it easier for the market players to manufacture VTOL aircraft and aid them in getting rid of a massive amount of expenses in the autonomous RD. This type of operation is safer and also implies a lesser amount of research and development costs.
- The pilot-based operation makes it easier for the market players to manufacture VTOL aircraft and aid them in getting rid of a massive amount of expenses in the autonomous RD. This type of operation is safer and also implies a lesser amount of research and development costs.
- Innovators know that drones and aerial vehicles and are capable of reimagining urban mobility dramatically and asset delivery. Since then, various companies have built and produced a variety of ideas designed to test short-range aerial transportation.
- Europe is forecasted to be a significant regional ground for the urban air mobility market. The UAM initiative undertaken by the European Innovation Partnership on EIP-SCC (Smart Cities and Communities) has been taken into consideration by various European countries to explore the potential of drones in an urban context.
- Key participants include Airbus A3, AIRSPACEX, Aurora Flight Sciences (A Boeing Company), CityAirbus (Airbus Helicopters), Carter Aviation, Bartini, Passenger Drone, Lilium Aviation, Volocopter, and Vimana, among others.
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For the purpose of this report, Emergen Research has segmented into the global Urban Air Mobility Market on the basis of operations, component, range, and region:
- Component Outlook (Revenue, USD Billion; 2023-2030)
- Infrastructure
- Charging Stations
- Vertiports
- Traffic Management
- Platform
- Air Taxis
- Air Shuttles
- Air Metros
- Last-Mile Delivery
- Air Ambulance
- Personal Aerial Vehicle
- Cargo Aerial Vehicle
- Operations Outlook (Revenue, USD Billion; 2023-2030)
- Piloted
- Autonomous
- Hybrid
- Range Outlook (Revenue, USD Billion; 2023-2030)
- Intercity
- Intracity
Global Urban Air Mobility Market Geographical Landscape - Synopsis:
The report closely studies the growth trajectory of the global Urban Air Mobility Market . It brings to light the global dominance of the leading regional segments, including North America, Asia Pacific, Europe, Latin America, and the Middle East Africa.
The study elaborates on the crucial information pertaining to the regional Urban Air Mobility share. It simultaneously focuses on the significant details about the growth patterns of each regional market.
Moreover, the report encases an exhaustive geographical study of the market, emphasizing the business growth prospects and market barriers for each of the key market regions.
Overview of the Urban Air Mobility Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Analysis of the Manufacturers with sales, revenue, and price analysis
- Comprehensive analysis of the competitive landscape
- Extensive profiling of the key competitors along with their business strategies and market size
- Regional analysis of the market along with sales, revenue, market share, and global position
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
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Finally, all aspects of the Urban Air Mobility market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects.
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