Global market of urban air mobility (UAM) - Trends, Outlook, and Opportunity Analysis, 2023-2029

Market Overview:

The global market of urban air mobility (UAM) was estimated at USD 2.93 billion in 2021 and is projected to reach USD 6.81 billion by 2028, growing at a CAGR of 12.8% over the analysis period.
The urban air mobility (UAM) market refers to the market for on-demand and automated air transportation services for passengers or cargo within cities and metropolitan regions. The increasing problem of traffic congestion, especially in large cities, has created a demand for faster transportation options within urban areas. Urban air mobility has emerged as a concept that is gaining popularity in addressing this need. This market is experiencing significant research and development investments, with numerous startups and aerospace companies recognizing it as a high-growth industry. These factors are expected to drive the market's growth throughout the forecast period.

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Market Dynamics:

Driver:

Rapid urbanization and growing traffic congestion are pushing ground transportation systems to their limits. To address this challenge, the concept of urban air mobility (UAM) has emerged, offering a three-dimensional transportation system that is faster, cleaner, safer, and more interconnected. The UAM industry has witnessed significant development, with substantial investments pouring in, indicating its potential. The utilization of autonomous drones in UAM holds promise for benefits such as reduced pollution, shorter travel times, and decreased strain on existing transportation infrastructure. The rise in traffic congestion within densely populated areas is a significant driving factor behind the growth of this market.

Opportunities:

The main objective of urban air mobility is to enhance the convenience of transportation within cities and reduce the burden on existing urban mobility options. Currently, most autonomous aircraft manufacturers are in the research and development phase, resulting in only a limited number of players deploying their autonomous aircraft for intracity transportation. This is primarily due to the challenges of obtaining high-powered, lightweight lithium-ion batteries and establishing the necessary infrastructure for charging stations.

The Report Will Include A Major Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis

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Moreover, the report includes significant chapters such as Patent Analysis, Regulatory Framework, Technology Roadmap, BCG Matrix, Heat Map Analysis, Price Trend Analysis, and Investment Analysis which help to understand the market direction and movement in the current and upcoming years.

Market Segmentation

By Type
• Autonomous
• Piloted

By Application
• Passenger Transport
• Freighter

Regional Analysis of Urban Air Mobility (UAM) Market
North America is dominating the Urban Air Mobility (UAM) Market. The Boeing Company's presence has also aided in creating a good climate for the sector, as the business is heavily investing in producing prototypes for evaluation. The U.S. is leading the way in North America in terms of adopting this modern mode of transportation. Many American start-ups are collaborating to develop and apply these technologies on a local level. A roadmap for getting the UAM into commercial use will be laid out over the next 5-6 years. The rising air traffic among residents of major North American cities fuels the adoption of air taxis and airport shuttle services. Furthermore, last-mile and freight services are likely to be widely provided with eVTOL aircraft in the U.S., positively impacting the market growth in North America.

By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)
Key Players Covered in Urban Air Mobility market
• Wisk (US)
• Lilium (Germany)
• Ehang (China.)
• Volocopter (Germany)
• Airbus A Cubed (US) and other major players.

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Key Developments of Urban Air Mobility (UAM) Market
• May 2021, NASA's advanced air mobility project, the Aeronautics Research Mission Directorate National Campaign 2 for Advanced Air Mobility (AAM) for Community Planning and Integration, was awarded to ANRA Technologies. The firm would provide UAM services to build passenger drones and other advanced air transportation technologies as part of this initiative.
• March 2021, Eve Urban Air Mobility Solutions, Inc. (Eve) has announced a collaboration with EmbraerX's Beacon maintenance coordination technology, which will be part of Eve's service and support capabilities. Eve will rely on Beacon's multi-sided platform, which connects and synchronizes industry resources, the aftermarket supply chain, and aviation professionals to maintain planes flying more agile and efficient.

Table of Content: -
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Growth Opportunities By Segment
Chapter 4: Market Landscape
Chapter 5: Urban Air Mobility Market by Type
Chapter 6: Urban Air Mobility Market by Application
Chapter 7: Company Profiles and Competitive Analysis
Chapter 8: Global Urban Air Mobility Market Analysis, Insights and Forecast, 2016-2028
Chapter 9: North America Urban Air Mobility Market Analysis, Insights and Forecast, 2016-2028
To Be Continue…..

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