Global Urban Air Mobility Market Overview:
Urban Air Mobility is an Aviation industry term for providing on-demand and automated passenger and cargo-carrying air transportation services, flown without a pilot. In this market, Private and public entities will be willing to invest in and build key infrastructure requirements (e.g., receiving vessels, vertiports) to provide the necessary coverage for UAM operations. This market has technology challenges regarding cybersecurity of Autonomous systems including vehicles and UTM. Some of the key players profiled in the study are Honeywell (United States), Airbus (Netherlands), Bell helicopters (United States), Boeing (United States), Uber (United States), Kitty Hawk (United States), Lilium (Germany), EHang (China) and Volocopter (Germany).
On the basis of geography, the market of Urban Air Mobility has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Denmark, Austria, Switzerland, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Charging Stations will boost the Urban Air Mobility market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Platforms, the sub-segment i.e. Air Taxi will boost the Urban Air Mobility market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Seating Type, the sub-segment i.e. Single Seater will boost the Urban Air Mobility market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Reduction in Human Intervention for Intercity and Intracity Transportation
- Growing Investment Activities
- Increase Focus On Noise Abatement and Safety Systems
- Improvement in Communications Technology
- Energy Storage Optimization
- Analytics and Artificial Intelligence Improvements
- Costs of Key Technologies Currently On the Market (E.G., Lidar, Battery Storage, Sensing and Navigation Systems) Will Decline Significantly
- Competition from Emerging Technologies and Concepts like Shared Electric and Autonomous Cars, And Fast Trains
- Disruptions to Operations during Significant Adverse Conditions
- Opportunity to Add a Rapid Mobility Option to Combat Growing Congestion
- Strong Opportunities for Businesses and Entrepreneurs in Vehicle Development and Manufacturing
- Low Public Confidence in UAM Safety
- High Cost of Service
- Adverse Weather Can Significantly Affect Aircraft Operations
Major Market Developments:
In Jun 2019, Honeywell and Vertical Aerospace announced the partnership to address the technical, regulatory and business challenges of the emerging urban air mobility segment.
Air Taxi, Ambulance, and Airport Shuttle UAM markets share common regulatory barriers. There will be challenges in determining which of the existing FAA certification standards apply to the types of vehicles being considered for the Air Taxi or Air Ambulance UAMs, and/or how existing certification standards can be met or should be amended
In this market large scale operations from new entrants such as UAS. And private ownership of UAM vehicles could increase the complexity of airspace management and safety. There are some competition from existing modes of transportation.
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Urban Air Mobility Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
Major Objectives Focused through this Study
To define, describe, and forecast the Global Urban Air Mobility market on the basis of product  , application [Commercial Sector, Defence Sector and Residential Sector], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Urban Air Mobility market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Denmark, Austria, Switzerland, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Urban Air Mobility industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Manufacturers which are also part of the research are Joby Aviation (United States), Kitty Hawk’s Cora (United States) and Terrafugia (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Urban Air Mobility market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.