Global Urban Air Mobility

Global Urban Air Mobility Market Research Report: Forecast (2021-2026)

By Operation (Piloted, Autonomous), By Component (Platform (Air Taxi Passenger Arial Vehicle Cargo Arial Vehicle Air Ambulance Last Mile Delivery Air Shuttles Others), Infrastructure (Charging Station Read more

  • Automotive
  • Mar 2022
  • 187
  • AT55001

Market Overview

The aviation industry is constantly working on developing new systems and demonstrating new definitions for comfort, efficiency, & cost-effectiveness. It is where the urban air mobility systems come into the picture. These systems are a convenient solution to address road congestion and transport people & cargo from one place to another quickly, safely, and comfortably. As a result, several prominent aircraft manufacturers worldwide are rigorously conducting research & development activities to procure such systems and strengthen the aviation & transportation industry.

Market Insights

The Global Urban Air Mobility Market is projected to grow at a CAGR of around 12% during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by the exponentially rising population and an increasing vehicle fleet leading to massive road congestions, i.e., augmenting the need for alternative transportation like urban air mobility solutions. 

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 12%
Regions Covered North America: USA, Canada
Europe: Germany, France, Italy, UK, Russia
Asia-Pacific: China, India, Japan, South Korea, Australia
South America: Brazil
Middle East & Africa: Saudi Arabia, Israel, Turkey
Key Companies Profiled Aurora Flight Sciences, Siemens, Embraer, Volocopter, A3 by Airbus, Workhorse Group, Pipistrel, Bell Textron, Neva Aerospace, Kitty Hawk
Unit Denominations USD Million/Billion

In this regard, governments of different countries worldwide are investing substantially in the market and generating growth opportunities for the leading players to research & develop technologically advanced urban air mobility networks. Besides, with numerous emerging start-ups & aerospace companies indulged in expanding the air mobility space, the market is witnessing an increasing number of new prototypes to address traffic issues. 

Moreover, improving economic conditions, changing living standards, and growing inclination toward air travel are other prominent aspects instigating the leading players to develop & increase air fleet or efficient air travel across locations. Furthermore, the alarming concerns over the fluctuating & degrading environmental conditions are also playing a crucial role in propelling the development of eco-friendly solutions like Electric Vertical Take-Off & Landing (eVTOL) aircraft to utilize electricity to fly. For instance:

  • In June 2021, American Airlines reported investing in the development of Vertical Aerospace in line with its commitment to environmental sustainability

Impact of Covid-19 on the Global Urban Air Mobility Market

The advent of Covid-19 in 2020 had a decelerating impact on most industries worldwide, and the Urban Air Mobility Market was no exception. With the imposition of stringent movement restrictions & frequent lockdowns by governments to curb the spread of this dreadful disease, the leading players in the market witnessed several unprecedented challenges associated with the development of urban air mobility systems.

Since public gatherings were banned and companies adopted work-from-home policies, R&D activities were put on a temporary hold, which, in turn, presented a significant financial loss to the market players. Besides, since the entire aviation industry was under a catastrophe owing to travel bans and border closures, no new activities associated with aircraft could take place.

Global Urban Air Mobility Market Research Report: Forecast (2021-2026)

Market Segmentation

Based on the Component:

  • Platform
    • Air Taxi
    • Passenger Arial Vehicle
    • Cargo Arial Vehicle
    • Air Ambulance
    • Last Mile Delivery
    • Air Shuttles
  • Infrastructure
    • Charging Stations
    • Traffic Management
    • Vertiports
    • Maintenance Facilities

Of all components, the demand for Air Taxis is anticipated to display the fastest growth in the Global Urban Air Mobility Market during the forecast period. It owes principally to the growing government support through massive investments & favorable policies, i.e., encouraging leading players to construct prototypes on air taxis with advanced technologies, including highly efficient batteries, sophisticated manufacturing techniques, & autonomous vehicles.

Besides, companies like Boeing, Airbus, & Hyundai, among others, are actively working on developing Electric Vertical Take-Off & Landing (eVTOL) aircraft that can operate through electricity and transport people & cargo across different locations. In line with developing environment-friendly air taxis for mobility, manufacturers are working on bringing quiet, comfortable, & carbon-free aircraft that could meet the emission levels and address the traffic issues over the coming years.

Based on Operation:

  • Piloted
  • Autonomous

Here, the demand for Autonomous operations is anticipated to witness the fastest growing demand during 2021-26. It owes principally to various benefits of developing these aircraft equipped with advanced technologies like the Internet of Things (IoT) & Artificial Intelligence (AI), to offer enhanced cost-effectiveness, eliminate human error, and others. For Instance:

  • The leading player, Aurora Flight Sciences, declared the successful testing of their autonomous passenger air vehicle prototype in Virginia in January 2019. Using this technology, the company also desired to manufacture eVTOL aircraft with better reliability & safety.

On the other hand, Piloted operations are anticipated to acquire the largest share of the Global Urban Air Mobility Market during the forecast period, primarily due to the surging rollouts for technologically advanced eVTOL systems for military & commercial aircraft in the market.

Regional Landscape:

Geographically, the Global Urban Air Mobility Market expands across:

  • North America
  • South America
  • Europe
  • Middle East & Africa
  • Asia-Pacific

Of all regions globally, North America dominated the Urban Air Mobility Market with the largest share in recent years, and the same trend is likely during the forecast period. It owes principally to the extensive presence & active participation of prominent aircraft manufacturers like Boeing in developing urban air mobility technologies as a new transportation mode.

On the other hand, Europe is expected to demonstrate the fastest growth in the Global Urban Air Mobility Market during the forecast period. It owes principally to rapid initiatives by governments of different European countries through massive investments & numerous R&D activities toward developing urban air mobility systems. Besides, countries like Germany, France, & the UK, among others, are prominent investors in the market owing to the extensive presence of leading aircraft manufacturers like Airbus investing heavily in making prototypes for evaluation.

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Global Urban Air Mobility Market?
  2. What are the region-wise industry size, growth drivers, and challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Global Urban Air Mobility Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Global Urban Air Mobility Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Global Urban Air Mobility Market study?

Frequently Asked Questions

A. The Global Urban Air Mobility Market is projected to grow at a CAGR of around 12% during 2021-26.

A. Autonomous operations is anticipated to emerge as an area of remunerative opportunities for the leading players in the Global Urban Air Mobility Market through 2026.

A. Increasing inclination toward developing Electric Vertical Take-Off & Landing (eVTOL) aircraft is the key growth opportunity projected to drive the Global Urban Air Mobility Market in the coming years.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Executive Summary
  3. Expert Verbatim- What our Experts Say?
  4. Impact of COVID-19 on Global Urban Air Mobility Market
  5. Global Urban Air Mobility Market Outlook, 2016- 2026F
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Operation
        1. Piloted
        2. Autonomous
      2. By Range
        1. Intracity (20 Km – 100 Km)
        2. Intercity (101 Km – 400 Km)
      3. By Component
        1. Platform
          1. Air Taxi
          2. Passenger Arial Vehicle
          3. Cargo Arial Vehicle
          4. Air Ambulance
          5. Last Mile Delivery
          6. Air Shuttles
          7. Others
        2. Infrastructure
          1. Charging Stations
          2. Traffic Management
          3. Vertiports
          4. Maintenance Facilities
      4. By End User
        1. Civilian
        2. Last Mile Delivery
        3. Military
          1. Demining
          2. Reconnaissance
          3. Target Practice
        4. Arial Imaging Systems
        5. Unmanned Biologic Transport
        6. Medical Air Rescue
        7. Transport & Logistics
        8. Road Traffic Patrol
        9. Railway & Power Line Surveillance
        10. Others
      5. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      6. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in Markntel Quadrant
  6. North America Urban Air Mobility Market Outlook, 2016- 2026F
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Operation
      2. By Range
      3. By Component
      4. By End User
      5. By Country
        1. US
        2. Canada
        3. Others
    3. The US Urban Air Mobility Market Outlook, 2016- 2026F
      1. Market Size and Analysis
        1. By Revenues
      2. Market Share and Analysis
        1. By Operation
        2. By Range
        3. By Component
        4. By End User
    4. Canada Urban Air Mobility Market Outlook, 2016- 2026F
      1. Market Size and Analysis
        1. By Revenues
      2. Market Share and Analysis
        1. By Operation
        2. By Range
        3. By Component
        4. By End User
  7. South America Urban Air Mobility Market Outlook, 2016- 2026F
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Operation
      2. By Range
      3. By Component
      4. By End User
      5. By Country
        1. Brazil
        2. Others
  8. Brazil Urban Air Mobility Market Outlook, 2016- 2026F
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis            
      1. By Operation
      2. By Range
      3. By Component
      4. By End User
  9. Europe Urban Air Mobility Market Outlook, 2016- 2026F
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Operation
      2. By Range
      3. By Component
      4. By End User
      5. By Country
        1. Germany
        2. Switzerland
        3. France
        4. Belgium
        5. Finland
        6. Poland
        7. Netherlands
        8. Others
    3. Germany Urban Air Mobility Market Outlook, 2016- 2026F
      1. Market Size and Analysis
        1. By Revenues
      2. Market Share and Analysis
        1. By Operation
        2. By Range
        3. By Component
        4. By End User
    4. Switzerland Urban Air Mobility Market Outlook, 2016- 2026F
      1. Market Size and Analysis
        1. By Revenues
      2. Market Share and Analysis
        1. By Operation
        2. By Range
        3. By Component
        4. By End User
    5. France Urban Air Mobility Market Outlook, 2016- 2026F
      1. Market Size and Analysis
        1. By Revenues
      2. Market Share and Analysis
        1. By Operation
        2. By Range
        3. By Component
        4. By End User
    6. Belgium Urban Air Mobility Market Outlook, 2016- 2026F
      1. Market Size and Analysis
        1. By Revenues
      2. Market Share and Analysis
        1. By Operation
        2. By Range
        3. By Component
        4. By End User
    7. Finland Urban Air Mobility Market Outlook, 2016- 2026F
      1. Market Size and Analysis
        1. By Revenues
      2. Market Share and Analysis
        1. By Operation
        2. By Range
        3. By Component
        4. By End User
    8. Poland Urban Air Mobility Market Outlook, 2016- 2026F
      1. Market Size and Analysis
        1. By Revenues
      2. Market Share and Analysis
        1. By Operation
        2. By Range
        3. By Component
        4. By End User
    9. The Netherlands Urban Air Mobility Market Outlook, 2016- 2026F
      1. Market Size and Analysis
        1. By Revenues
      2. Market Share and Analysis
        1. By Operation
        2. By Range
        3. By Component
        4. By End User
  10. Middle East & Africa Urban Air Mobility Market Outlook, 2016- 2026F
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Operation
      2. By Component
      3. By End User
      4. By Range
      5. By Country
        1. UAE
        2. Others
    3. UAE Urban Air Mobility Market Outlook, 2016- 2026F
      1. Market Size and Analysis
        1. By Revenues
      2. Market Share and Analysis
        1. By Operation
        2. By Range
        3. By Component
        4. By End User
  11. Asia-Pacific Urban Air Mobility Market Outlook, 2016- 2026F
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Operation
      2. By Range
      3. By Component
      4. By End User
      5. By Country
        1. India
        2. China
        3. Japan
        4. Australia
        5. New Zealand
        6. Others
  12. India Urban Air Mobility Market Outlook, 2016- 2026F
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Operation
      2. By Range
      3. By Component
      4. By End User
  13. China Urban Air Mobility Market Outlook, 2016- 2026F
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Operation
      2. By Range
      3. By Component
      4. By End User
  14. Japan Urban Air Mobility Market Outlook, 2016- 2026F
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Operation
      2. By Range
      3. By Component
      4. By End User
  15. Australia Urban Air Mobility Market Outlook, 2016- 2026F
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Operation
      2. By Range
      3. By Component
      4. By End User
  16. New Zealand Urban Air Mobility Market Outlook, 2016- 2026F
    1. Market Size and Analysis
      1. By Revenues
    2. Market Share and Analysis
      1. By Operation
      2. By Range
      3. By Component
      4. By End User
  17. Global Urban Air Mobility Market Policies, Regulations, Operation Standards
  18. Global Urban Air Mobility Market Trends & Insights
  19. Global Urban Air Mobility Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  20. Global Urban Air Mobility Market Hotspot & Opportunities
  21. Global Urban Air Mobility Market Key Strategic Imperatives for Success & Growth
  22. Competition Outlook
    1. Competition Matrix
      1. Operation Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target Operations
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. Aurora Flight Sciences
      2. Siemens
      3. Embraer
      4. Volocopter
      5. A3 by Airbus
      6. Workhorse Group
      7. Pipistrel
      8. Bell Textron
      9. Neva Aerospace
      10. Kitty Hawk
  23. Disclaimer
Global Urban Air Mobility Market Segmentation