Urban Air Mobility Market To Be Worth USD 15.54 Billion by 2030 | Emergen Research

The demand for an efficient mode of logistics & transportation and advancement in technology will propel the growth of the Urban Air Mobility market.

/EIN News/ -- Vancouver, British Columbia, Dec. 15, 2020 (GLOBE NEWSWIRE) -- The Global Urban Air Mobility Market is forecast to be worth USD 15.54 Billion by 2030, according to the latest analysis by Emergen Research. The market development is fostered by the growing need for improved operational efficiency, along with the reduction in human intervention for intercity as well as intracity transportation with eVTOLs. The market is at a nascent stage and is predicted to witness initial commercialization by the end of the year 2023.

An increase in the mobility platforms providing mobility-on-demand through vehicles are either privately held or produced particularly for this purpose or temporarily put into the mobility system by the owner. The advantages of potential transportation options will entice customers away from general mobility. Urban Air Mobility depends on innovative technologies, such as distributed electric propulsion, new business models like application-based ride-sharing, and trends in aerospace manufacturing for lowering the cost of production.

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The technological maturity of stable, maneuverable, vertical takeoff, and landing vehicle, coupled with highly automated flight, will foster market growth. Furthermore, significant investment by stakeholders in the air mobility sector will further supplement the market revenue share over the forecast period. Despite growth over recent years, mobility systems still do not adequately bring together key players to work together to promote lateral learning and advance innovative mobility solutions.

Key Highlights From The Report

• On January 07, 2019, Bell Helicopter, a Textron Inc. company, launched the full-scale vertical-takeoff-and-landing (VTOL) air taxi vehicle. Bell Nexus, the air taxi, is powered by a hybrid-electric propulsion system and also features Bell’s signature powered lift concept integrating six tilting ducted fans that are designed to safely and efficiently redefine air travel.
• Vertiports are designated landing and takeoff areas for urban air mobility vehicles. These are hubs with multiple pads for aircraft that can take off and land vertically as well as charging facilities for electric-powered VTOLs. Such a facility is designed for a single aircraft is referred to as a vertistop.
• Autonomous technology needs a handful amount of investments in research and development and an ample amount of time but, once implemented, it lets the company get rid of any pilot involvement for their aircraft.
• With growing urbanization, aging infrastructure, the increasing global population, and the explosion of e-commerce, there is a demand for sustainable, innovative, and accessible modes of transportation. The Intracity segment is anticipated to grow with a CAGR of xx% during the forecast period.
• Germany and France are investing heavily in procurement and the development of advanced eVTOL systems for commercial purposes, which may supplement the Urban Air Mobility Market revenue share in the forecast period.
• Key participants profiled in the report 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 the Global Urban Air Mobility Market on the basis of operation, component, range, and region:

• Component Outlook (Revenue, USD Billion; 2023-2030)
  • Infrastructure
    1. Charging Stations
    2. Vertiports
    3. Traffic Management
  • Platform
    1. Air Taxis
    2. Air Shuttles
    3. Air Metros
    4. Last-Mile Delivery
    5. Air Ambulance
    6. Personal Aerial Vehicle
    7. Cargo Aerial Vehicle
• Operation Outlook (Revenue, USD Billion; 2023-2030)
  • Piloted
  • Autonomous
  • Hybrid
• Range Outlook (Revenue, USD Billion; 2023-2030)
  • Intercity
  • Intracity

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• Regional Outlook (Revenue, USD Billion; 2023-2030)
  • North America
    1. U.S.
    2. Canada
  • Europe
    1. Germany
    2. U.K.
    3. France
    4. BENELUX
    5. Rest of Europe
  • Asia Pacific
    1. China
    2. Japan
    3. South Korea
    4. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • Middle East & Africa
    1. Saudi Arabia
    2. U.A.E.
    3. Rest of MEA

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