The Global Urban Air Mobility Market report includes a global opportunity analysis and industry forecasts for the period 2023-2032. The global market was valued at USD 3.5 billion in 2022 , registering a CAGR of 12.87% from 2023 to 2032. The base year considered for the study is 2022, and the forecast has been provided for the period, 2023 to 2032.
The Urban Air Mobility Market is estimated to register substantial growth during the forecast period owing to increasing demand from various applications during the forecast period. Also, this market has witnessed number of key developments by major companies operating in the market including new product development, partnerships, contracts, and so on.
There has been heavy congestion of traffic in every urban area due to the increasing number of population and the growing amount of vehicles be it for personal or commercial use.
Urban air mobility or UAM is the term for air transportation services carrying either passengers or cargo which can be both automated as well as piloted. This method can help in the reduction of traffic and can also save the time of the people.
Segment Analysis
The urban air mobility market is segmented into component, range, and operation.
Based on the component, it is bifurcated into infrastructure and platform. The infrastructure segment is sub-segmented into charging stations, vertiports, and traffic management, while the platform segment is sub-segmented into air taxi, personal air vehicle, cargo air vehicle, air ambulance, and others. The platform segment is expected to grow in the forecast period as an increasing number of investments are being made by various manufacturers for the component due to its various applications.
On the basis of the range, it is segmented as intracity and intercity. The intercity segment is expected to boom as it can provide long journeys for a shorter time carrying more passengers.
By the mode of operation, it is divided as autonomous and piloted. Currently, the piloted vehicles market is in the lead, but the market for autonomous vehicles is growing at a steady pace as the autonomous vehicles are more preferred for cargo and passenger transportation and can be used for intercity transportation as the urban cities are well equipped with sensors.
Key Factors Impacting Market Growth:
· Increasing trend of automation
· Increasing need for an efficient mode of transportation
Regional Outlook
The regional outlook section provides region-wise detailed understanding for the urban air mobility market. Regional segmentation considered in the study includes North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are estimated to dominate the market with an established aerospace & defense infrastructure. Some of the major companies operating in the market are headquartered in these regions. In addition to this favourable government policies towards development of aerospace & defense technologies and related investments is another key factor driving the demand in the region. Major countries in these region include US, Germany, UK, France, Canada, Italy, and others have been considered in the study. The Asia Pacific region is estimated to be the fastest growing market during the forecast period. This demand in the Asia Pacific region is driven by government initiatives towards establishment and development of new technologies in aerospace & defense sector. This region has witnessed substantial growth in aerospace & defense sector in past few decades. Moreover, major investments by global players in this region with direct investments or partnerships is expected to have a major impact on the dynamics of urban air mobility market in the region. Middle East and Eastern Europe are projected to be potential market during the forecast period with a stable demand.
Companies Covered: Airbus Group, Boeing, Volocopter GmbH, Honeywell International Inc., Neva Aerospace, Kitty Hawk, Lilium, and EHang...
Years Covered in the Study:
Historical Year: 2019, 2020, 2021
Base Year: 2022
Estimated Year: 2023
Forecast Year: 2023-2032
Market Segmentation:
By Component:
• Infrastructure
◦ Charging Stations
◦ Vertiports
◦ Traffic Management
• Platform
◦ Air Taxi
◦ Personal Air Vehicle
◦ Cargo Air Vehicle
◦ Air Ambulance
◦ Others
By Range:
• Intracity
• Intercity
By Operation:
• Autonomous
• Piloted
By Region:
• North America
◦ By Country (US, Canada, Mexico)
◦ By Component
◦ By Range
◦ By Operation
• Western Europe
◦ By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
◦ By Component
◦ By Range
◦ By Operation
• Eastern Europe
◦ By Country (Russia, Turkey, Rest of Eastern Europe
◦ By Component
◦ By Range
◦ By Operation
• Asia Pacific
◦ By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific
◦ By Component
◦ By Range
◦ By Operation
• Middle East
◦ By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
◦ By Component
◦ By Range
◦ By Operation
• Rest of the World
◦ By Region (South America, Africa
◦ By Component
◦ By Range
◦ By Operation
Reasons To Buy This Report:
• Market size estimation of the global Urban Air Mobility Market on regional and global basis
• Unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country
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