Urban Air Mobility Market
Global 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
Global 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
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Global <strong>Urban</strong> <strong>Air</strong> <strong>Mobility</strong> <strong>Market</strong> Research Report -<br />
Forecast to 2028<br />
Industry Survey, Growth, Competitive Landscape<br />
and Forecasts to 2028<br />
PREPARED BY<br />
<strong>Market</strong> Research Future<br />
(Part of Wantstats Research & Media Pvt. Ltd.)
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Global <strong>Urban</strong> <strong>Air</strong> <strong>Mobility</strong> <strong>Market</strong> Forecast 2028<br />
UAM is a safe and efficient system for air passenger and cargo transportation within an urban area, inclusive<br />
of small package delivery and other urban Unmanned Aerial Systems (UAS) services, which supports a mix of<br />
onboard/ground-piloted and increasingly autonomous operations. Government agencies, industries, and<br />
other organizations are all actively gauging the prospect for UAM to disrupt the market and create new and<br />
innovative business models. Going forward, UAMs are expected to be largely used for various industrial<br />
applications, including civilian, last mile delivery, transport and logistics, aerial imaging systems, medical air<br />
rescue, and road traffic patrol, among others. This creates a pool of opportunity for such services providers<br />
to bring new ways for people to travel around cities and urban areas while reducing congestion.<br />
Several major strategic developments have been undertaken on the VTOL and air taxi front, which have high<br />
growth potential. The key players in the market have invested extensively in product innovations and<br />
technological advancements. New and existing players in the urban air mobility market are expected to see<br />
sizable growth during the forecast period.<br />
The key players in the global <strong>Urban</strong> <strong>Air</strong> <strong>Mobility</strong> market are <strong>Air</strong>bus Group (France), Boeing (US), Volocopter<br />
GmbH (Germany), Honeywell International Inc. (US), Aurora Flight Sciences (US), Embraer SA (Brazil),<br />
PIPISTREL (Slovenia), Bell Helicopter Textron Inc. (US), Neva Aerospace (UK), Delorean Aerospace LLC (US),<br />
Kitty Hawk (US), Lilium (Germany), EHang (China), Workhorse Group Inc. (US), and Joby Aviation (US).<br />
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Global <strong>Urban</strong> <strong>Air</strong> <strong>Mobility</strong> <strong>Market</strong> Forecast to 2028<br />
Based on architecture, the UAM market has been segmented into quadcopters, multicopters, tilt wingers,<br />
fixed wings, and hybrid constructions. The quadcopter segment is expected to remain the largest segment of<br />
the global UAM market during the forecast period. Electric or hybrid-electric quadcopters are going to be the<br />
first choice for carrying passengers as they can take-off and land anywhere. They could be piloted and<br />
operated remotely or autonomous.<br />
On the basis of range, the UAM market has been segmented into inter-city and intra-city. The inter-city<br />
segment is expected to be the largest during the forecast period as it will offer short-haul, inter-city flights<br />
carrying multiple passengers. Inter-city travel will allow passengers to take off from locations very close to<br />
their homes or businesses and landing very close to the point of their destination rather than having to<br />
travel to an airport 40 to 50 miles outside the city.<br />
On the basis of platform, the UAM market has been segmented into air taxis, air shuttles, air metros, air<br />
ambulances, DroNav, personal aerial vehicles, cargo aerial vehicles, and others. The air taxis segment is<br />
expected to be the largest during the forecast period. It is expected that users of air taxis will not only<br />
experience a very time-efficient mode of travel and safe, enjoyable flight experience, but will also be able to<br />
move at increasingly low cost as better batteries, new aircraft designs, and, autonomous flight technology to<br />
bring prices down towards the late 2020s.
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Global <strong>Urban</strong> <strong>Air</strong> <strong>Mobility</strong> <strong>Market</strong> Forecast to 2028<br />
On the basis of infrastructure, the UAM is fragmented into vertiports, charging infrastructure, maintenance<br />
facilities, and traffic management. UAM is going to create an entirely new industry as veriports will require a<br />
lot of power, generating business for utility companies, while the need for new infrastructure will create<br />
opportunities for the real estate industry. The veriports segment is projected to dominate the most among<br />
other segments.<br />
UAM represents business opportunities within the infrastructure, fleet management, software, hardware,<br />
and propulsion, much like the opportunity for autonomous vehicles. For instance, with an ability to make<br />
four times as many trips as a regular car, flying cars could revolutionize the ride-sharing industry. The<br />
autonomous aircraft ecosystem would also include makers of sensors, batteries, aircraft parts, and the<br />
software systems to operate the vehicles, monitor aircraft traffic, provide network security, and more.<br />
Based on propulsion, the UAM market constitutes the electric and hybrid segment. The hybrid segment is<br />
expected to show better growth than electric during the forecast period.<br />
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Global <strong>Urban</strong> <strong>Air</strong> <strong>Mobility</strong> <strong>Market</strong> Forecast to 2028<br />
By region, North America is expected to remain the largest UAM market during the forecast period and is<br />
also expected to register the highest growth rate. To improve the urban transport network and offer an<br />
alternative to congested megacity transport systems, the market players in the US are working with the<br />
diverse ecosystem to develop partnerships and a portfolio of projects to make urban air mobility a success.<br />
European cities are seeing ever more challenges to mobility in urban areas and therefore enabling efficient<br />
and effective mobility is at the top of the European transport agenda. Throughout Europe, cities and regions<br />
are preparing to welcome the take-off of flying vehicles and drones in their pursuit to become smarter and<br />
more sustainable. The European Commission is supporting the development of urban air mobility<br />
demonstrators through the UAM Initiative of the European Innovation Partnership on Smart Cities and<br />
Communities (EIP-SCC).<br />
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