Global Urban Air Transportation Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player’s Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Urban Air Transportation is a safe and efficient system for air passenger and cargo transportation within an urban area, inclusive of small package delivery and other urban Unmanned Aerial Systems (UAS) services, which supports a mix of onboard/ground-piloted and increasingly autonomous operations. Government agencies, industries, and other organizations are all actively gauging the prospect for Urban Air Transportation to disrupt the market and create new and innovative business models. Going forward, Urban Air Transportations are expected to be largely used for various industrial applications, including civilian, last mile delivery, transport and logistics, aerial imaging systems, medical air rescue, and road traffic patrol, among others. This creates a pool of opportunity for such services providers to bring new ways for people to travel around cities and urban areas while reducing congestion.
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Several major strategic developments have been undertaken on the VTOL and air taxi front, which have high growth potential. The key players in the market have invested extensively in product innovations and technological advancements. New and existing players in the Urban Air Transportation market are expected to see sizable growth during the forecast period.
The key players in the global Urban Air Transportation market are Airbus Group (France), Boeing (US), Volocopter GmbH (Germany), Honeywell International Inc. (US), Aurora Flight Sciences (US), Embraer SA (Brazil), PIPISTREL (Slovenia), Bell Helicopter Textron Inc. (US), Neva Aerospace (UK), Delorean Aerospace LLC (US), Kitty Hawk (US), Lilium (Germany), EHang (China), Workhorse Group Inc. (US), and Joby Aviation (US).
- Federal Aviation Administration
- The US Department of Transportation
- General Aviation Manufacturers Association
- Transportation Researchers
- Municipal Governments
- Civil Aviation Authorities
Based on architecture, the Urban Air Transportation Market has been segmented into quadcopters, multicopters, tilt wingers, fixed wings, and hybrid constructions. The quadcopter segment is expected to remain the largest segment of the global Urban Air Transportation market during the forecast period. Electric or hybrid-electric quadcopters are going to be the first choice for carrying passengers as they can take-off and land anywhere. They could be piloted and operated remotely or autonomous.
On the basis of range, the Urban Air Transportation market has been segmented into inter-city and intra-city. The inter-city segment is expected to be the largest during the forecast period as it will offer short-haul, inter-city flights carrying multiple passengers. Inter-city travel will allow passengers to take off from locations very close to their homes or businesses and landing very close to the point of their destination rather than having to travel to an airport 40 to 50 miles outside the city.
On the basis of platform, the Urban Air Transportation market has been segmented into air taxis, air shuttles, air metros, air ambulances, DroNav, personal aerial vehicles, cargo aerial vehicles, and others. The air taxis segment is expected to be the largest during the forecast period. It is expected that users of air taxis will not only experience a very time-efficient mode of travel and safe, enjoyable flight experience, but will also be able to move at increasingly low cost as better batteries, new aircraft designs, and, autonomous flight technology to bring prices down towards the late 2020s.
On the basis of infrastructure, the Urban Air Transportation is fragmented into vertiports, charging infrastructure, maintenance facilities, and traffic management. Urban Air Transportation is going to create an entirely new industry as veriports will require a lot of power, generating business for utility companies, while the need for new infrastructure will create opportunities for the real estate industry. The veriports segment is projected to dominate the most among other segments.
Urban Air Transportation represents business opportunities within the infrastructure, fleet management, software, hardware, and propulsion, much like the opportunity for autonomous vehicles. For instance, with an ability to make four times as many trips as a regular car, flying cars could revolutionize the ride-sharing industry. The autonomous aircraft ecosystem would also include makers of sensors, batteries, aircraft parts, and the software systems to operate the vehicles, monitor aircraft traffic, provide network security, and more.
Based on propulsion, the Urban Air Transportation market constitutes the electric and hybrid segment. The hybrid segment is expected to show better growth than electric during the forecast period.
By region, North America is expected to remain the largest Urban Air Transportation market during the forecast period and is also expected to register the highest growth rate. To improve the urban transport network and offer an alternative to congested megacity transport systems, the market players in the US are working with the diverse ecosystem to develop partnerships and a portfolio of projects to make Urban Air Transportation a success.
European cities are seeing ever more challenges to mobility in urban areas and therefore enabling efficient and effective mobility is at the top of the European transport agenda. Throughout Europe, cities and regions are preparing to welcome the take-off of flying vehicles and drones in their pursuit to become smarter and more sustainable. The European Commission is supporting the development of Urban Air Transportation demonstrators through the Urban Air Transportation Initiative of the European Innovation Partnership on Smart Cities and Communities (EIP-SCC).
The market values and forecast are derived using the MRFR research methodology, which includes secondary research, primary interviews, data triangulation, and validation from an in-house data repository, and statistical modeling tools.
In this process, data is collected from various secondary sources, including annual reports, SEC filings, journals, government associations, aerospace and defense magazines, white papers, corporate presentations, company websites, and paid databases, among others.
In this process, both the demand- and supply-side parties are interviewed to extract facts and insights about the market forecast, production, trends, and projected market growth. Industry stakeholders such as CEOs, VPs, directors, and marketing executives across the value chain are approached to obtain key information.
- Market Sizing, Forecast, and Analysis: Detailed coverage of the market segment and sub-segments
- Regional/Country Trends and Forecast: Detailed analysis of the market in North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America, along with key countries in each region
- Market Dynamics Intelligence: Market drivers, opportunities, trends, restraints, Porter’s five forces, supply chain, and value chain analysis
- Technology Trends, Regulatory Landscape, and Patent Analysis Outlook
- Competitive Intelligence: Market share analysis, financial analysis, product benchmarking, and strategic developments including joint ventures, product launches, and mergers & acquisitions
- Regional attractiveness and related growth opportunities
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Table of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Urban Air Mobility Market, by Architecture
1.1.2. Global Urban Air Mobility Market, by Parts
1.1.3. Global Urban Air Mobility Market, by Operations
1.1.4. Global Urban Air Mobility Market, by Application
1.1.5. Global Urban Air Mobility Market, by Distance
1.1.6. Global Urban Air Mobility Market, by Propulsion
1.1.7. Global Urban Air Mobility Market, by Architecture
1.1.8. Global Urban Air Mobility Market, by Software
1.1.9. Global Urban Air Mobility Market, by Hardware
1.1.10. Global Urban Air Mobility Market, by Infrastructure
1.1.11. Global Urban Air Mobility Market, by Region
2. Market Introduction
2.1. Market Definition
2.2. Scope of the Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Architecture Estimation
3.5. Forecast Model
3.6. List of Assumptions
List of Tables
Table 1 Global Urban Air Mobility Market, by Region, 2018–2028
Table 2 North America: Urban Air Mobility Market, by Country, 2018–2028
Table 3 Europe: Urban Air Mobility Market, by Country, 2018–2028
Table 4 Asia-pacific: Urban Air Mobility Market, by Country, 2018–2028
Table 5 Rest of the World: Urban Air Mobility Market, by Region, 2018–2028
Table 6 Global Urban Air Mobility Market Size, by Region, 2018–2028
Table 7 North America: Urban Air Mobility Market Size, by Country, 2018–2028
List of Figures
Figure 1 Research Process of Mrfr
Figure 2 Top-down & Bottom-up Approaches
Figure 3 Market Dynamics
Figure 4 Impact Analysis: Market Drivers
Figure 5 Impact Analysis: Market Restraints
Figure 6 Porter’s Five Forces Analysis
Figure 7 Value Chain Analysis
Figure 8 Global Urban Air Mobility Market Share, by Architecture, 2017 (%)
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