Global Urban Air Mobility (UAM) Market

Global Urban Air Mobility (UAM) Market Size, Share, Growth Analysis, By Vehicle Type(Air Metros, Air Taxis), By Range(Intercity, Intracity), By End-User(Ride-Sharing companies, Scheduled Operators) - Industry Forecast 2022-2028


Report ID: SQMIG25A2034 | Region: Global | Published Date: August, 2022 | Pages: 248 | Tables: 93 | Figures: 66

Global Urban Air Mobility (UAM) Market Insights

Global Urban Air Mobility (UAM) market was valued at USD 3.21 billion in 2021, and it is expected to attain a value of USD 7.83 billion by 2028, at a CAGR of 13.6% over the prediction period (2022 – 2028).

Ground transportation networks are being stressed to the breaking point by increasing urbanization and traffic. A faster, safer, more secure, and more interconnected transportation system could be created by taking urban air mobility into the third dimension. Due to ongoing projects and tests around the world, autonomous aircraft and flying cars are no longer the stuff of science fiction. With more than US$ 1 billion invested in the first few months of the pandemic, the UAM sector, which is still in its early stages, experienced significant growth. The two most notable investments were Guangzhou EHang Intelligent Technology Co. Ltd.'s US$ 650 million IPO value and Toyota's US$ 590 million in Joby Aviation. Additionally, the Federal Aviation Administration (FAA) collaborates with more than 15 manufacturers of eVTOL aircraft. Uber Air, Guangzhou EHang Intelligent Technology Co. Ltd, Volocopter GmbH, Joby Aviation, and Lilium GmbH all intend to launch commercial passenger operations within the following three to five years.

Globally, increasing intra city transportation demand is being driven by problems with traffic congestion, particularly in larger cities. Given that several start-ups and aerospace companies view it as a high-growth market, this is likely to increase focus on this technology development and R&D investment. These elements are therefore anticipated to fuel market growth during the projected period.

Market snapshot

Global Market Size

USD 3.21 billion

Largest Segment

Intracity

Fastest Growth

Intracity

Growth Rate

13.6% CAGR

Global Urban Air Mobility (UAM) Market 2021-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
Global Urban Air Mobility (UAM) Market Size by Range 2021-2028 ($ Mn)
Global Urban Air Mobility (UAM) Market by Range 2021-2028 (%)

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Global Urban Air Mobility (UAM) Market Segmental Analysis

The global urban air mobility market is segmented based on vehicle type, range, end-user, and region. Based on vehicle type, the market is segmented into air metros, air taxis, air ambulance, last-mile delivery, and other. On the basis of range, the market can be bifurcated into Intercity, Intracity. Based on end-users, the market can be segregated into ride-sharing companies, scheduled operators, E-commerce companies, hospitals & medical agencies, private operators sub segments. The regional insights of the market are into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa.

Analysis by Vehicle Type

Due to the increasing demand for emergency medical services, it was predicted that the air ambulance segment would be the largest segment. With pandemics, the demand for air ambulances to deliver medical care to people in remote areas has increased. The air taxis market will expand quickly between 2021 and 2028. Rapid technological advancements, such as those in prototype construction, are blamed for this growth. During the forecast period, the segment growth rate is expected to be fueled by a convergence of technologies including highly efficient batteries, sophisticated manufacturing techniques, and autonomous vehicles like self-driving cars. In the coming years, private transportation in urban areas will further augment the air taxi market.

Analysis by Range

The market is dominated by the intracity segment. The segment is expanding as a result of the increased population and migration from rural areas that is causing traffic congestion in the world's busiest cities, including New York, Munich, Rio de Janeiro, and Bengaluru. As a result, major airlines all over the world have started utilizing UAMs for intracity service.

Due to technological developments that have made urban air mobility a practical option, the intercity segment of the global market is anticipated to experience the highest growth. These aircraft are also outfitted with technology that enables them to fly between 50 and 250 km while carrying 2 to 4 passengers and 20 to 40 kg of hand luggage. These intercity aircraft also reduce travel times between cities in half. These aircraft are the only high-speed transportation options that don't require a lot of infrastructure. These characteristics are anticipated to increase or skyrocket demand for intercity aircraft, potentially accelerating the sub-market segment's growth over the course of the analysis period.

Global Urban Air Mobility (UAM) Market by Range, 2021 (%)

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Global Urban Air Mobility (UAM) Market Regional Insights

With a market size of 1.19 billion, North America held the largest portion. Compared to other regions, the region is the market leader in this one. The Boeing Company's presence has also helped to foster a positive environment for the industry because the company is heavily investing in the development of prototypes for testing. In North America, the U.S. is setting the standard for adoption of this cutting-edge mode of transportation. Working together to develop and implement these technologies locally is a large number of American start-ups. Over the following five to six years, a schedule will be established for bringing the UAM into commercial use.

During the forecast period, Europe will experience the fastest growth. Although there have been advancements everywhere, the majority of these developments have been centered in Europe. In urban air mobility technology, the U.K., Germany, and France are making significant investments. Due to the fact that these companies are making significant investments in creating prototypes for testing, the presence of Airbus S.A.S. has also contributed to the favorable environment for this industry.

Global Urban Air Mobility (UAM) Market By Geography, 2021 - 2028
  • Largest
  • Fastest

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Global Urban Air Mobility (UAM) Market Dynamics

Driver

  • In order to support mass mobility in cities with growing populations, transportation infrastructure needs to be managed properly. Cities all over the world are therefore looking into alternative forms of transportation to lessen traffic congestion. The goal of using autonomous drones for urban air mobility is to reduce traffic congestion and pollution while also reducing the amount of current transportation infrastructure that must be used. An important factor fueling this market's expansion is the rise in congestion in densely populated cities. Urban areas' growing road traffic causes long traffic jams, which add unnecessary travel time.

Restraint 

  • Like other disruptive technologies, UAM has not yet reached the point where innovation is unhindered and local, state, and federal governments are adequately protecting the public. UAM operations present new and factual issues that may discourage the use of such technology as a result of legal restrictions, safety concerns, and privacy concerns. The UAS Integration Pilot Program, FAA Rulemaking Committees, the UAM Grand Challenge, and other collaborative initiatives, however, come after these legal restrictions and enable the alignment of technology and policy, allowing for more complex operations.

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Global Urban Air Mobility (UAM) Market Competitive Landscape

In coming years, a number of companies will try to deploy their UAM systems through partnerships and collaborations as the market is still in its early stages. However, there is still a great deal of preparation needed for the required infrastructure and air traffic control. The participants have joined forces with a number of other businesses or institutions that can offer the necessary technologies.

Top Players in the Global Urban Air Mobility Market

  • Textron Inc. (US)
  • Uber Technologies Inc. (US)
  • Airbus SE (Netherlands)
  • Ehang (China)
  • Safran SA (France)
  • Volocopter (Germany)
  • Lilium Aviation GmbH (Germany)
  • Carter Aviation (US)
  • AIRSPACEX (US)
  • Aurora Flight Sciences (US)

Recent Developments

  • In June 2021, American Airlines declared it would invest in Vertical Aerospace, a renowned engineering and aviation company with its headquarters in the United Kingdom that is creating electric vertical takeoff and landing (eVTOL) aircraft, as part of its ongoing commitment to environmental sustainability. With the investment, it is showcasing its emphasis on cutting-edge technologies to lower carbon emissions and investing in cutting-edge strategies to enhance the customer experience.
  • In May 2021, The Aeronautics Research Mission Directorate National Campaign 2 for Advanced Air Mobility (AAM) for Community Planning and Integration was awarded to ANRA Technologies as the winner of the NASA advanced air mobility project.

Global Urban Air Mobility (UAM) Key Market Trends

  • Commuters spent significantly more time on the road due to increased traffic, especially during peak hours. Most countries' current road systems are unable to handle peak-hour traffic without creating queues. It challenges governments as well as wasting the time of citizens. Additionally, the number of on-road passenger vehicles, which burn fossil fuels, is rising and is negatively impacting the environment. Governments and technology companies have started to take urban automated vehicles (UAMs) into consideration as a potential passenger and cargo transportation option due to the significant concerns about traffic congestion and urban road mobility. This could save a lot of time because it is a reliable and secure air transportation system where passenger-carrying air taxis operate above populated areas.

Global Urban Air Mobility (UAM) Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the global urban air mobility (UAM) market is segmented based on vehicle type, range, end-user, and region. Due to the increasing demand for emergency medical services, it was predicted that the air ambulance segment would be the largest segment. The market is dominated by the intracity segment. Due to technological developments that have made urban air mobility a practical option, the intercity segment of the global market is anticipated to experience the highest growth. With a market size of 1.19 billion, North America held the largest portion. Compared to other regions, the region is the market leader in this one.

Report Metric Details
Market size value in 2021 USD 3.21 billion
Market size value in 2028 USD 7.83 billion
Growth Rate 13.6%
Base year 2021
Forecast period 2022 – 2028
Forecast Unit (Value) USD Billion
Segments covered
  • Vehicle Type
    • Air Metros, Air Taxis, Air Ambulance, Last-Mile Delivery, Others
  • Range
    • Intercity, Intracity
  • End-User
    • Ride-Sharing companies, Scheduled Operators, E-commerce companies, Hospitals & Medical Agencies, Private operators
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Textron Inc. (US)
  • Uber Technologies Inc. (US)
  • Airbus SE (Netherlands)
  • Ehang (China)
  • Safran SA (France)
  • Volocopter (Germany)
  • Lilium Aviation GmbH (Germany)
  • Carter Aviation (US)
  • AIRSPACEX (US)
  • Aurora Flight Sciences (US)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Global Urban Air Mobility (UAM) Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Global Urban Air Mobility (UAM) Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Global Urban Air Mobility (UAM) Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Urban Air Mobility (UAM) Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Urban Air Mobility (UAM) Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Global Urban Air Mobility (UAM) Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQ's

Global Urban Air Mobility (UAM) market was valued at USD 3.21 billion in 2021, and it is expected to attain a value of USD 7.83 billion by 2028, at a CAGR of 13.6% over the prediction period (2022 – 2028).

In coming years, a number of companies will try to deploy their UAM systems through partnerships and collaborations as the market is still in its early stages. However, there is still a great deal of preparation needed for the required infrastructure and air traffic control. The participants have joined forces with a number of other businesses or institutions that can offer the necessary technologies. 'Textron Inc. (US)', 'Uber Technologies Inc. (US)', 'Airbus SE (Netherlands)', 'Ehang (China)', 'Safran SA (France)', 'Volocopter (Germany)', 'Lilium Aviation GmbH (Germany)', 'Carter Aviation (US)', 'AIRSPACEX (US)', 'Aurora Flight Sciences (US)'

In order to support mass mobility in cities with growing populations, transportation infrastructure needs to be managed properly. Cities all over the world are therefore looking into alternative forms of transportation to lessen traffic congestion. The goal of using autonomous drones for urban air mobility is to reduce traffic congestion and pollution while also reducing the amount of current transportation infrastructure that must be used. An important factor fueling this market's expansion is the rise in congestion in densely populated cities. Urban areas' growing road traffic causes long traffic jams, which add unnecessary travel time.

Commuters spent significantly more time on the road due to increased traffic, especially during peak hours. Most countries' current road systems are unable to handle peak-hour traffic without creating queues. It challenges governments as well as wasting the time of citizens. Additionally, the number of on-road passenger vehicles, which burn fossil fuels, is rising and is negatively impacting the environment. Governments and technology companies have started to take urban automated vehicles (UAMs) into consideration as a potential passenger and cargo transportation option due to the significant concerns about traffic congestion and urban road mobility. This could save a lot of time because it is a reliable and secure air transportation system where passenger-carrying air taxis operate above populated areas.

With a market size of 1.19 billion, North America held the largest portion. Compared to other regions, the region is the market leader in this one. The Boeing Company's presence has also helped to foster a positive environment for the industry because the company is heavily investing in the development of prototypes for testing. In North America, the U.S. is setting the standard for adoption of this cutting-edge mode of transportation. Working together to develop and implement these technologies locally is a large number of American start-ups. Over the following five to six years, a schedule will be established for bringing the UAM into commercial use.

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