Urban air mobility (UAM) is defined as the on-demand, highly automated, unpiloted, passenger, or cargo-carrying air transportation services. The new concept has made city travel easier by preventing congestion and traffic jams on roads. Urban air mobility can assist in transport one to two passengers and to deliver small packages at doorsteps. Moreover, urban air mobility can help in rescue operations, emergency medical evacuations, ground traffic flow assessment, humanitarian missions, and various others. An increasing population has resulted in an increase in the on-road traffic, therefore providing lucrative opportunities for the growth of the global urban air mobility market. Moreover, there is an increasing emphasis on environmental sustainability owing to rapidly exhausting natural resources. This has influenced the global urban air mobility market positively, thus accelerating its growth. In addition, increasing commercial applications of autonomous eVITOls have resulted in a surge in the production of autonomous aircraft. It has also given a boost to various urban air mobility projects, hence causing a growth in the urban air mobility market. Coupled with this, the requirement for improved air mobility and the concerns associated to human safety have resulted in a surge in the urban air mobility market. The rise in smart city initiatives will increase the requirement for urban air mobility, and the players in the market will have to serve to such demand. As of February 2019, almost $ 1 billion investment has been made. These major investments by the stakeholders in the air mobility sector will contribute to the growth of the Urban Air Mobility market.  In addition to this, the increasing technological developments for human-free operations and an increase in government funding will further stimulate the market growth. Apart from this, the limited adoption owing to the factors such as political, economic, social, technological and legal may hinder the market growth.

Moreover, the significant purpose of urban air mobility is to enable intracity transportation to minimize the strain on current urban mobility solutions creating short term opportunity to the market. Presently, with the inadequate availability of high-powered, lightweight lithium-ion batteries and the infrastructure needed for the setting up of charging points for these batteries, most of the autonomous aircraft manufacturers are in the research and development phase, leaving only a less number of players to deploy their autonomous aircraft for intracity transportation.

The global Urban Air Mobility Market is segregated on the basis of Operation as Piloted and Autonomous. Based on Application the global Urban Air Mobility Market is segmented in Passenger Transport, Cargo Transport, Air Ambulance and Others.

The global Urban Air Mobility Market report provides geographic analysis covering regions, such as Europe, North America, Asia Pacific, and Rest of The World. The Urban Air Mobility Market for each region is further segmented for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.

Competitive Analysis

Airspace Experience Technologies, Inc., Aurora Flight Sciences, Bell Textron Inc., DELOREAN AEROSPACE, LLC, EHang and others are among the major players in the global Urban Air Mobility Market. The companies studied in terms of product strategy and various n several growth and expansion strategies to gain a competitive edge in the market. The major players not only follow value chain integration with business operations in multiple stages of the value chain.

• In November 2020, Wisk Aero is teaming up with NASA to concentrate on the safe incorporation of autonomous aircraft systems into Urban Air Mobility applications at a national level.
• In September 2020, Lilium collaborated with Tavistock development and the City of Orlando to develop the first region in the US to establish vertiport. The first US Vertiport to be situated at Orlando’s Aerotropolis in Lake Nona.
• In July 2020, AMSL aero declared that they will be relocating to the Narromine Aerodrome Industrial Park and are planning to hire five to ten people. The company was able to expand to the industrial park to build vital testing facilities owing to AUD USD 950,000.00 grant from the New South Wales Regional Investment Attraction program.

The global Urban Air Mobility Market has been segmented as below:

Urban Air Mobility Market, By Operation

• Piloted
• Autonomous

Urban Air Mobility Market, By Application

• Passenger Transport
• Cargo Transport
• Air Ambulance
• Others

Urban Air Mobility Market, By Region

• Europe
• North America
• Asia Pacific
• Rest of The World

Urban Air Mobility Market, By Company

• Airspace Experience Technologies, Inc.
• Aurora Flight Sciences
• Bell Textron Inc.
• DELOREAN AEROSPACE, LLC
• EHang
• EVE Air Mobility
• Jaunt Air Mobility LLC
• Joby Aviation
• Kitty Hawk
• Lilium GmbH
• NEVA Aerospace
• Opener
• Pipistrel Group
• Volocopter GmbH
• Airbus SAS
• EmbraerX
• Honeywell International Inc.
• Moog Inc.
• Airbus A3
• Bartini
• Carter Aviation
• Passenger Drone
• Workhorse
•  Terrafugia
  

The report covers the below scope:

• Global Urban Air Mobility Market sizes from 2020 to 2026, along with CAGR for 2020-2026
• Market size comparison for 2019 vs 2026, with actual data for 2019, estimates for 2019 and forecast from 2020 to 2026
• Global Urban Air Mobility Market trends, covering comprehensive range of consumer trends & manufacturer trends
• Value chain analysis covering participants from raw material suppliers to the downstream buyer in the global Urban Air Mobility Market
• Major market opportunities and challenges in forecast timeframe to be focused
• Competitive landscape with analysis on competition pattern, portfolio comparisons, development trends and strategic management
• Comprehensive company profiles of the key industry players

The ears considered for the study are as follows:

• Base year - 2019
• Estimated year - 2019
• Projected year - 2020
• Forecast period - 2021 to 2026

Report Scope:

The global Urban Air Mobility Market report scope includes detailed study covering underlying factors influencing the industry trends. The report covers analysis on regional and country level market dynamics. The scope also covers competitive overview providing company market shares along with company profiles for major revenue contributing companies. The report scope includes detailed competitive outlook covering market shares and profiles key participants in the global Urban Air Mobility Market share. Major industry players with significant revenue share include Airspace Experience Technologies, Inc., Aurora Flight Sciences, Bell Textron Inc., DELOREAN AEROSPACE, LLC, EHang and others.

Why to Buy this Report:

• Gain detailed insights on the Urban Air Mobility industry trends
• Find complete analysis on the market status
• Identify the Urban Air Mobility Market opportunities and growth segments
• Analyse competitive dynamics by evaluating business segments & product portfolios
• Facilitate strategy planning and industry dynamics to enhance decision making

Target Audience:

• The report targeted towards the existing players in the industry is as follows:
• Market Manufacturers/Service Providers
• Market Wholesale/Traders
• Investment and Financial Institutions

Free and Paid Customization based on the requirement