Urban Air Mobility Market Size,Share,Growth, Analysis,Trend,Forecast -2028

Urban Air Mobility Market Research Report: Information by Operation (Piloted, Autonomous), Architecture, Range (Inter-City, Intra-City), Infrastructure, Part, Propulsion, Hardware, Software, Platform, Application, and Region—Forecast till 2028

ID: MRFR/A&D/6216-HCR | October 2022 | Region: Global | 133 Pages         

Urban Air Mobility Market

Urban air mobility market Size is projected USD 2 billion in 2022 to USD 27 billion by 2028, at a CAGR of 32% from 2022 to 2028

Segmentation

By Operation Piloted Autonomous
By Architecture Inter City Intra City

Key Players

  • Airbus Group (France)
  • Boeing (US)
  • Volocopter GmbH (Germany)
  • Honeywell International Inc. (US)
  • Aurora Flight Sciences (US)
  • Embraer SA (Brazil)
  • PIPISTREL (Slovenia)
  • Bell Helicopter Textron Inc. (US)
  • Neva Aerospace (UK)
  • Delorean Aerospace LLC (US)
  • Kitty Hawk (US)
  • Lilium (Germany)
  • EHang (China)
  • Workhorse Group Inc. (US)
  • and Joby Aviation (US)

Drivers

  • Increasing interest in providing air transportation service
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Urban Air Mobility Market Overview


Urban air mobility market Size is projected to grow from USD 2 billion in 2022 to USD 27 billion by 2028, at a CAGR of 32% from 2022 to 2028.


Urban air mobility (UAM) refers to an aviation industry term for on-demand and cargo-carrying or automated passenger air transportation services, usually flown without a pilot. With traffic getting worse in urban areas, this creates an opportunity for such services to get new ways to travel around urban areas and cities while reducing congestion. The global urban air mobility market has registered enormous growth in the past few years. The market's growth is mainly attributed to the rapidly increasing interest in providing air transportation services across major metropolitan areas. Furthermore, the increasing congestion is another crucial aspect boosting the growth of the UAM market over the forecasted timeframe. Moreover, the advancements in eletric aircraft and automation are also anticipated to catalyze the market's growth over the coming years.


Segmentation of the Global Urban Air Mobility Market


Based on architecture, the UAM market has been divided into quadcopters, multicopters, tilt wingers, fixed wing, and hybrid constructions. The quadcopter segment is expected to remain the largest segment of the global urban air mobility market during the forecast period. Electric or hybrid-electric quadcopters are going to be the first choice for carrying passengers as they can take-off and land anywhere.


On the basis of range, the UAM market has been segmented into inter-city and intra-city. The inter-city segment is expected to be the largest during the forecast period as it is likely to offer short-haul, inter-city flights carrying multiple passengers.


On the basis of platform, the UAM market has been segmented into air taxis, air shuttles, air metro, air ambulances, DroNav, personal aerial vehicles, cargo aerial vehicles, and others. The air taxis segment is expected to be the largest during the forecast period. Industry watchers and proponents see air taxis becoming part of the transportation network and generating huge service revenues every year going forward. Airport shuttles and air taxis are expected to grow significantly since the markets are viable with a significant total available market value of USD 500 billion at market entry price points.  


By region, North America is expected to remain the largest urban air mobility market during the forecast period and is also expected to register the highest growth rate. In the US, NASA is working on effective partnerships with industry, academia, and the Federal Aviation Administration (FAA) to identify and seek solutions to the challenges to accommodate remotely piloted aircraft. By 2020, NASA is expected to host a UAM ecosystem-wide challenge for participants to execute system level safety and integration scenarios within a robust and relevant environment.


Europe is also likely to offer lucrative growth opportunities to market players in the coming years. Market players aim to mobilize cities and regions across Europe along with a wide ecosystem of stakeholders interested in launching practical mobility demonstration projects with ground and air mobility. Airbus is likely to act as the orchestrator and catalyst for a European community of urban air mobility.


Intended Audience



  • Federal Aviation Administration

  • NASA

  • The US Department of Transportation

  • General Aviation Manufacturers Association

  • Transportation Researchers

  • Municipal Governments

  • Civil Aviation Authorities


Key Players


The key players in the global urban air mobility market are Airbus Group (France), Boeing (US), Volocopter GmbH (Germany), Honeywell International Inc. (US), Aurora Flight Sciences (US), Embraer SA (Brazil), PIPISTREL (Slovenia), Bell Helicopter Textron Inc. (US), Neva Aerospace (UK), Delorean Aerospace LLC (US), Kitty Hawk (US), Lilium (Germany), EHang (China), Workhorse Group Inc. (US), and Joby Aviation (US).


Research Methodology


The urban air mobility market values and forecast are derived using the MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository, and statistical modeling tools.


Secondary Research


In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace and defense magazines, white papers, corporate presentations, company websites, and paid databases, among others.


Primary Research


In this process, both the demand- and supply-side parties are interviewed to extract facts and insights about the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.

Recent Development



  • March 2022- Greenbird, advanced air mobility (AAM) industry collaboration platform, happily announced the addition of Nautilus Aviation to the platform as an establishing ecosystem partner. Nautilus Aviation works a versatile, modern fleet of helicopters from Darwin, Horn Island, Port Douglas, Cairns, and Townsville bases. Known for their H130 aircraft and Airbus H125, Nautilus also operates Robinson, Kawasaki, and Bell aircraft suiting various leisure (tourism), commercial, and emergency service applications.

  • February 2022 – a California-based company developing an all-electric, five-seat aircraft, Joby Aviation, and South Korea's leading telecommunications company, SK Telecom, have announced a collaboration to launch emissions-free aerial ridesharing services to communities and cities across South Korea.

  • February 2022- Rolls-Royce and Luxaviation, a private aviation company, announced a partnership to develop vertiports for eVTOL aircraft. Rolls-Royce offers digital solutions, maintenance support services, and electrification solutions for Luxaviation's strategic network of vertiports.

  • November 2021- Hyundai Motor Group has announced the launch of a new company called Supernal, LLC to expand its mobility solutions.


Key Insights



  • Market Sizing, Forecast, and Analysis: Detailed coverage of the urban air mobility market segment and sub-segments

  • Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region

  • Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis

  • Technology Trends, Regulatory Landscape, and Patent Analysis Outlook

  • Competitive Intelligence: urban air mobility market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions

  • Regional attractiveness and related growth opportunities


Report Customization


MRFR offers report customization to valued customers. Below are the options available for customization.




  • Company Profiles




In-depth profiling of additional market players (3 to 4 companies)




  • Country-Level Analysis




Detailed analysis of a country-level market and related segments as per the report scope (subject to data availability)



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 27 Billion
  CAGR    32%
  Base Year   2020
  Forecast Period   2021-2028
  Historical Data   2019
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Operation ,
  Geographies Covered   By region, North America
  Key Vendors   Airbus Group (France), Boeing (US), Volocopter GmbH (Germany), Honeywell International Inc. (US), Aurora Flight Sciences (US), Embraer SA (Brazil), PIPISTREL (Slovenia), Bell Helicopter Textron Inc. (US), Neva Aerospace (UK), Delorean Aerospace LLC (US), Kitty Hawk (US), Lilium (Germany), EHang (China), Workhorse Group Inc. (US), and Joby Aviation (US).
  Key Market Opportunities   Europe is also likely to offer lucrative growth opportunities to market players in the coming years
  Key Market Drivers   urban air mobility market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions


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Frequently Asked Questions (FAQ) :

Urban air mobility market is touted to record a substantial market valuation at a CAGR of nearly 32%.

A few eminent market players operating in the global Urban air mobility market are Neva Aerospace (UK), Delorean Aerospace LLC (US), Kitty Hawk (US), Lilium (Germany), EHang (China) among others.

The civilian segment is expected to observe substantial demand over the review period.

The quadcopters segment is slated to expand as the fastest-growing segment.