According to the most recent analysis by Emergen Research, the urban air mobility market is predicted to grow at a 13.8% revenue CAGR over the forecast period, reaching a value of USD 3.10 billion in 2021. One of the main reasons propelling market revenue development is the growing need for alternative means of transportation for urban mobility.
Transportation networks must be carefully controlled to enable a mass mobility as the population of cities grows. As a result, communities all over the world are looking at other modes of transportation to solve the problem of traffic congestion. It is anticipated that using autonomous drones for urban air mobility (UAM) will have positive effects on the environment, as well as result in quicker travel times and a lighter burden on the existing transportation system.
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Political, economic, social, technological, and legal difficulties have hindered adoption, and these issues are anticipated to to some extent restrain market revenue growth over the forecast period. Political, economic, social, technological, and legal barriers must be overcome before governments of any nation may implement urban air transportation. Operations involving urban air mobility should be financially modified to allow for expanded operations while using the fewest amount of fixed resources. Governments, businesses, colleges, and research institutions must all make large contributions.
Key Highlights from the Report
Due to the extensive variety of platforms needed for intercity travel and the fact that the cost of platforms is much higher than the cost of intracity platforms, the intercity segment is anticipated to lead the global market in terms of revenue contribution over the forecast period.
During the projected period, the hybrid segment’s revenue is anticipated to grow quickly. Particularly for remotely piloted or fully autonomous aircraft, the platform used to transport passengers needs to be more solid in order to ensure the safety of everyone on board.
Due to its adoption of cutting-edge modes of transportation, North America is predicted to experience one of the most rapid rates of growth in the global unmanned aerial vehicle market over the forecast period. A number of American start-ups are working together to create and apply cutting-edge technology at the local level. In addition, a roadmap for using UAM in business settings over the following five to six years is being created.
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Report Objective:
The report offers a complete analysis of the global Urban Air Mobility market with details about each market player including company profile, financial standing, global position, revenue contribution, production and manufacturing capacity, business expansion plans, and new product launches. Key players are strategizing various plans such as M&A acquisition, partnerships, joint ventures, license agreements, and collaborations. Bell Textron Inc., Volocopter GmbH, Uber Technologies, Inc., Airbus SE., Lockheed Martin Corporation, Lilium Aviation GmbH, Carter Aviation Technologies LLC, Guangzhou EHang Intelligence Technologies Co. Ltd., AirspaceX, and The Boeing Company and others are some of the top companies profiled in the report.
Emergen Research has segmented urban air mobility market based on component, operation, range, end-use, and region:
Component Outlook (Revenue, USD Billion; 2019–2030)
Platform
Air Taxis
Air Shuttles
Air Metros
Air Ambulance
Personal Aerial Vehicle
Cargo Aerial Vehicle
Last-Mile Delivery
Infrastructure
Charging Station
Traffic Management
Vertiports
Operation Outlook (Revenue, USD Billion; 2019–2030)
Piloted
Hybrid
Fully Autonomous
Range Outlook (Revenue, USD Billion; 2019–2030)
Intercity
Intracity
End-Use Outlook (Revenue, USD Billion; 2019–2030)
Ride-Sharing Companies
Scheduled Operators
E-Commerce Companies
Hospitals and Medical Agencies
Private Operators
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Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Global Urban Air Mobility Market Report – Table of Contents:
Chapter 1 includes the global Urban Air Mobility market introduction, followed by the market scope, product offerings, growth opportunities, market risks, driving forces, and others.
Chapter 2 broadly categorizes the Urban Air Mobility market on the basis of geography, and determines the sales, revenue, and market shares of each region over the estimated period.
Chapter 3 elaborates on the competitive outlook of the Urban Air Mobility market, focusing on the major manufacturers and vendor landscape.
Chapter 4 exhaustively studies the key manufacturers of the Urban Air Mobility industry, along with their anticipated sales and revenue shares.
Chapters 5 includes market segmentation based on product type, application range, and market players.
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