The rapid urbanization along with increased road congestion has led the manufacturers and service providers to offer efficient and cost-effective transportation and goods-delivery system. Urban air mobility provides transportation of human resource and goods over urban areas via flying vehicles. Urban air mobility offers a cost-effective mode of travel and enhances consumer travel experience at a relatively lesser time as compared to traditional transportation services. Urban air mobility serves as a replacement of modern transportation services and provides an alternative solution in urban areas where traffic congestion is affecting the economic growth of the area. For instance, according to a report of global vehicular traffic by INRIX, in 2018, the traffic congestion cost $305 billion in the US. Moreover, in Los Angeles, the driver spends an average of 102 hours sitting in traffic every year, which cost more than $19 billion annually. The technological advancement in aircraft technology along with enhanced electric propulsion has led to the emergence of the urban air mobility industry. Increasing demand for autonomous flight technology coupled with the developed communication system tends to increase the market share of urban air mobility. Integration of AI with air mobility along with the advancement in autonomy, data analytics, and hybrid and automated electric propulsion has offered the opportunity to the service providers to tap into the potential market.
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The urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is segmented into infrastructure and platform. The infrastructure segment is further segmented into charging stations, traffic management, and others, whereas, the platform segment is segmented into air taxi, personal air vehicle, air ambulance, and others. Based on operation, the market is bifurcated into piloted and autonomous.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Urban Air Mobility Market – Region
North America
- US
- Canada
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global urban air mobility market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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