The urban air mobility market is estimated to be USD 5.3 billion in 2018 and is projected to reach USD 15.2 billion by 2030, at a CAGR of 11.33% during the forecast period.
The increasing demand for enhanced efficiency, human safety, and investment activities are expected to drive the market. However, the limited reliability of eVTOLs during transportation and the inability to predict the external environment are projected to hinder the growth of this market.
Based on component, the platform segment is expected to lead the urban air mobility market during the forecast period. The demand for eVTOLs is increasing due to the growing number of applications of eVTOLs in the commercial sector for activities such as air taxi, personal air travel, air ambulance, and cargo transportation.
Presently, they are in the development phase but are expected to commercialize in the coming years. Passenger drones can be piloted manually or flown autonomously. These drones have the capability to vertically take-off and land, making it easier for them to land in crowded locations in cities.
Based on operation, the autonomous segment is expected to lead the urban air mobility market during the forecast period. Autonomous eVTOLs are more versatile and can be efficiently used to transport passengers and cargo without any human intervention, thus increasing their demand. The growth of the autonomous segment can be attributed to the significant investments to develop cost-effective solutions for passenger and cargo transportation for intracity and intercity transportation.
Europe is estimated to lead the urban air mobility market in 2018 and is projected to grow at the highest rate during the forecast period. The market growth in this region can be attributed to the increasing investment activities and growth in spending by the region's countries on transportation operations.
Key players profiled in the urban air mobility market Kitty Hawk (US), Lilium (Germany), EHang (China), Volocopter (Germany), and A3 by Airbus (US), among others.
1 Introduction 1.1 Objectives of the Study 1.2 Market Definition 1.3 Market Scope 1.3.1 Regional Scope 1.3.2 Years Considered for the Study 1.4 Currency 1.5 Limitations 1.6 Market Stakeholders
2 Research Methodology 2.1 Research Data 2.2 Secondary Data 126.96.36.199 Key Data From Secondary Sources 2.3 Primary Data 188.8.131.52 Key Data From Primary Sources 184.108.40.206 Breakdown of Primaries 2.4 Market Size Estimation 2.5 Bottom-Up Approach 2.6 Top-Down Approach 2.7 Data Triangulation 2.8 Assumptions
3 Executive Summary
4 Premium Insights 4.1 Attractive Growth Opportunities in the Urban Air Mobility Market 4.2 Urban Air Mobility Market, By Platform 4.3 Urban Air Mobility Market, By Infrastructure 4.4 Urban Air Mobility Market, By Operation 4.5 Urban Air Mobility Market, By Range 4.6 Urban Air Mobility Market, By Region
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 220.127.116.11 Need for an Alternative Mode of Transportation in Urban Mobility 18.104.22.168 Demand for an Efficient Mode of Logistics & Transportation 22.214.171.124 Adoption of Urban Air Mobility Due to Environmental Concerns 126.96.36.199 Smart City Initiatives Will Demand Urban Air Mobility 188.8.131.52 Significant Investments By Stakeholders in Urban Air Mobility 5.2.2 Restraints 184.108.40.206 Limited Adoption of Urban Air Mobility Due to Pestle Factors 5.2.3 Opportunities 220.127.116.11 Intracity Transportation Using Urban Air Mobility to Be A Short-Term Opportunity 18.104.22.168 Increasing Demand for Autonomous Air Ambulance Vehicles 5.2.4 Challenges 22.214.171.124 Stringent Regulations on Urban Air Mobility Operations By Aviation Authorities 126.96.36.199.1 Restrictions on the Commercial Use of UAV 188.8.131.52 Integration of Urban Air Mobility With Current Urban Infrastructure
6 Industry Trends 6.1 Introduction 6.2 Technology Trends 6.2.1 Blockchain 6.2.2 Artificial Intelligence 6.2.3 Sense & Avoid System 6.2.4 Cloud Computing 6.2.5 Wireless Charging 6.2.6 Automated Ground Control Stations 6.2.7 Internet of Things (IoT) 6.3 Country-Wise Drone Regulations 6.4 Patent Analysis
7 Urban Air Mobility Market, By Component 7.1 Introduction 7.2 Infrastructure 7.2.1 Charging Stations 184.108.40.206 Next Generation of Charging Stations Will Help Evtols to Reduce the Turnaround Time 7.2.2 Vertiports 220.127.116.11 Increasing Investments in Passenger Drones Will the Demand for New Vertiports in the Coming Years 7.2.3 Traffic Management 18.104.22.168 the Requirement for Utm Solutions to Manage Drone Operations is One of the Key Factors Expected to Influence the Growth of the Urban Air Mobility Market 7.3 Platform 7.3.1 Air Taxi 22.214.171.124 Air Taxis Using Evtols are Expected to Commercialize in the Coming Years 7.3.2 Personal Aerial Vehicle 126.96.36.199 Increasing Disposal Income in Urban Areas Coupled With the Development of Smart Cities has Resulted in the Development of Personal Aerial Vehicles for Intracity and Intercity Transportation 7.3.3 Cargo Aerial Vehicle 188.8.131.52 Technologies Such as Ai (Artificial Intelligence), Wireless Charging, and Automated Ground Control Station are Required for the Implementation of Drone Logistics Solutions 7.3.4 Air Ambulance 184.108.40.206 Healthcare Industry is Expected to Witness A Disruptive Change With the Introduction of Air Ambulance Drones
8 Urban Air Mobility Market, By Operation 8.1 Introduction 8.2 Piloted 8.2.1 the Need for Human Intervention is Due to Factors Such as Social Acceptance and International Laws for Safeguarding the Lives of Passengers. 8.3 Autonomous 8.3.1 Increasing Investments By Various Manufacturers and Government Bodies in the Development of Autonomous Unmanned Systems is Expected to Grow at A High Rate During the Forecast Period
9 Urban Air Mobility Market, By Range 9.1 Introduction 9.2 Intercity (100 Kilometers to 400 Kilometers) 9.3 Intracity (20 Kilometers to 100 Kilometers)
10 Urban Air Mobility Market, By Region 10.1 Introduction 10.2 North America 10.2.1 Us 10.2.1.1 Major E-Vtol Manufacturers are Present in the Us, Resulting in the Increasing Adoption of Unmanned Systems for Various Civil & Commercial Applications in the Country 10.2.1.2 Pestle Analysis 10.3 Europe 10.3.1 Germany 10.3.1.1 European Region Including Cities of Enschede and Munster Signed the Manifesto of Intent to Join the Urban Air Mobility (UAM) Initiative 10.3.1.2 Pestle Analysis 10.3.2 France 10.3.2.1 Toulouse Mtropole, A City of France has Long Term Plans for Sustainable Integration of Air Mobility in Phases 10.3.2.2 Pestle Analysis 10.3.3 Switzerland 10.3.3.1 The Canton of Geneva is Part of the European Union's UAM Initiative 10.3.3.2 Pestle Analysis 10.3.4 Belgium 10.3.4.1 Belgium is Exploring Possibilities for the Setting Up of A Drone-Based Emergency Services Network That Will Be Used for Transportation of Medicines and Patients 10.3.5 Bulgaria 10.3.5.1 The City of Plovdiv Will Be the First to Benefit From UAM Initiative 10.3.6 Estonia 10.3.6.1 Estonia is A Part of Europe's Ambitious Single European Sky (SES) Initiative Space Trial Programme to Test the Implementation of Urban Air Mobility Using A Fleet of Drones 10.3.7 Finland 10.3.7.1 Finland Received Major Investments From Wing, A Subsidiary of Alphabet Inc. Which is the Parent Company of Google, in January 2019 for Starting Drone Delivery Services in the Country 10.3.8 Poland 10.3.8.1 Polish Air Navigation Services Agency (PANSA) and Logistics Services Center (LSC), Manager of the Warsaw Babice Airport, are Collaborating for Development of UAM in Poland 10.3.9 The Netherlands 10.3.9.1 Amsterdam Became A Part of the European Union's European Innovation Partnership on Smart Cities and Communities (EIP-SCC) Urban Air Mobility (UAM) Initiative 10.4 Asia Pacific 10.4.1 Japan 10.4.1.1 Air Mobility Using Unmanned Systems Could Become A Powerful Tool for Enhancing Public Safety in the Country 10.4.1.2 Pestle Analysis 10.4.2 Australia 10.4.2.1 Australia is One of the Countries Identified By Uberair for Its Operational Air Taxi Service Using Unmanned Aerial Vehicle By 2020 10.4.2.2 Pestle Analysis 10.4.3 India 10.4.3.1 India is Estimated to Be One of the Most Challenging Markets for Commercialization of Evtols for Applications Such as Cargo Delivery and Passenger Travel 10.4.3.2 Pestle Analysis 10.4.4 New Zealand 10.4.4.1 Airways New Zealand is A Key Provider of Air Traffic Service in New Zealand and is Working in Collaboration With Kitty Hawk, an Air Taxi Provider, to Integrate Air Taxis Traffic Management System 10.5 Middle East 10.5.1 Dubai Was Selected as One of the Partner City By Uberair to Develop On-Demand Taxi Services of Electric Drones in Hopes to Cut Down on Traffic and Slash Commuting Duration 10.5.2 UAE 10.5.2.1 Pestle Analysis 10.6 Latin America 10.6.1 The Establishment of Airbus's New Urban Air Mobility Unit in Sao Paulo, Brazil, Airbus is Aiming to Make Intercity and Intracity Air Travel for Passengers Possible By Their Aerial Vehicle in the Countries Such as Brazil