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Global Urban Air Mobility Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

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    Report

  • 134 Pages
  • February 2024
  • Infogence Global Research
  • ID: 5820321

Growing Urban Congestion and Advancements in Drone Technology Are Fueling Interest in Urban Air Mobility Solutions

The Global Urban Air Mobility Market is estimated to be USD 7.04 Bn in 2023 and is expected to reach USD 35.79 Bn by 2028 growing at a CAGR of 38.42%.

Urban Air Mobility, also known as Advanced Air Mobility, is a newly created concept that promises a sustainable, affordable, safe, and accessible air transportation system for people, emergency management, and cargo delivery within urban areas. The market is primarily driven by the need for faster and cleaner urban transportation. People often get stuck in traffic on their way to or from work, which wastes fuel and lowers productivity. Moreover, there is a growing need for efficient logistics and last-mile delivery modes in the metropolitan economy. Using urban air mobility transit can also reduce traffic congestion.

Furthermore, urban air mobility initiatives can help reduce the burden on numerous overburdened infrastructures, particularly in densely populated areas. These initiatives have already been tested in cities like Singapore, Dubai, Dallas, and Los Angeles. With increasing government initiatives supporting the development of UAM capabilities, today's top transportation companies are utilizing cutting-edge technologies and preparing to construct intelligent aerial vehicles for urban air mobility. The development of flying taxi services, drones, and electric aircraft will make transportation more efficient and effective, which is expected to increase the Urban Air Mobility market.

However, it is projected that the higher initial capital required for research and development and the development of the necessary infrastructure for urban air mobility will hinder the market's growth. Additionally, air traffic and cybersecurity concerns are significant challenges for the market.

Market Segmentations

  • The Global Urban Air Mobility Market is segmented based on Component, Operation, System, Range, Architecture, End-Users, and Geography.
  • By Component, the market is classified into Infrastructure Solutions and Platforms. market because eVTOL aircraft, drones, and other vehicles are the key components of UAM services. These platforms are what enable the transportation of people and goods in urban airspace and are the main focus of UAM development and investment. Companies are investing heavily in developing and testing these platforms to ensure that they meet the safety, reliability, and performance standards required for commercial UAM services.
  • By Operation, the market is classified into Piloted and Autonomous. The piloted operation segment holds the largest market share in the global urban air mobility market. This is because most of the current UAM vehicles, such as helicopters and light aircraft, are designed for piloted operation. The piloted operation also provides passengers with a greater sense of safety and security compared to autonomous operation, which is still in the development stage.
  • By System, the market is classified into Avionics, Electrical Systems, Propulsion Systems, and Software. The avionics segment holds the largest market share in the global urban air mobility market by system. This its due to its increasing use in aircraft for navigation, communication, and flight control. In the context of urban air mobility, avionics are critical for ensuring safe and reliable operation of eVTOLs and other UAM platforms.
  • By Range, the market is classified into Intercity and Intracity. Intracity is expected to hold a larger market share globally. This is because urban air mobility is primarily being developed as a solution to the growing problem of traffic congestion in cities. The ability to transport people and goods quickly and efficiently within a city can significantly reduce travel times and help alleviate congestion on roads.
  • By Architecture, the market is classified into Rotary Wing and Fixed Wing Hybrid. The largest market segment in the architecture classification of the urban air mobility market is rotary-wing vehicles. Rotary-wing vehicles have been in use for several decades, and there is an existing infrastructure and regulatory framework in place for these types of aircraft. They are also well-suited for operations in urban areas due to their vertical take-off and landing capabilities, making them ideal for short-distance flights and accessing areas with limited space for runways
  • By End-Users, the market is classified into Ride Sharing Companies, Scheduled Operators, E-commerce Companies, Hospitals & Medicals Agencies, and Private Operators. Ride Sharing Companies hold the largest market share. Ride-sharing companies such as Uber, Lyft, and Volocopter are investing heavily in the development of urban air mobility services, as they see a significant market opportunity for air-based transportation services. These companies are seeking to offer a more efficient and faster mode of transportation for their customers and see UAM as a natural extension of their existing ride-sharing business models.
  • By Geography, the market is classified into the Americas, Europe, Middle-East & Africa, and Asia-Pacific. Americas hold the largest market share. This is because it is home to many of the leading companies in the UAM industry, such as Uber Elevate, Joby Aviation, and Archer Aviation, as well as a strong regulatory framework for the industry.

Recent Developments

1. Airbus and The Helicopter Company expand partnership to include sustainable aviation fuel and urban air mobility in Saudi Arabia - March 2022

2. Volocopter formed a new joint venture with Saudi Arabia's NEOM region. To enable an open eVTOL ecosystem for vertical mobility services, such as logistics, emergency response, and tourism, the joint venture will act as the sole operator. 15 Volocopter aircraft were previously ordered by NEOM, and their maiden flying activities are scheduled to begin in 2023-2024. - December 2021

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are, Airbus SE, Boeing Co., Jaunt Air Mobility LLC, Karem Aircraft, Inc., Opener, Inc., etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of the Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Nigeria, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

  • The report presents a detailed Ansoff matrix analysis for the Global Urban Air Mobility Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
  • The publisher analyses the Global Urban Air Mobility Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
  • Based on the SWOT analysis conducted on the industry and industry players, the publisher has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Urban Air Mobility Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The research report also provides a detailed market size analysis and projections in volume and value terms. The projections are calculated using verified research methodologies.
  • Excel data sheet for the market size will also be provided with the report.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 on the market is also featured in the report.
  • The report includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report includes Self-Assessment Form, which helps customers evaluate their position in the market compared to their competitors.
  • The report offers customized research - tailored uniquely to our customers with a quick turnaround time. We offer a 15% customization option at no extra charge to all our clients for any of our syndicated reports.

Report Highlights:

  • A complete analysis of the market, including the parent industry
  • Important market dynamics and trends
  • Impact Analysis - a comprehensive assessment to confront risk and make strategic & operational decisions to counter the changes in the market environment.
  • Market segmentation
  • Competitive Analysis: Comparative analysis of competitor
  • Historical, current, and projected size of the market based on value and volume
  • Market size of the US states
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Impact Analysis
4.2 Drivers
4.2.1 Need For Faster and Cleaner Urban Transportation
4.2.2 Rising Need for Efficient Logistics and Last-Mile Delivery Modes
4.3 Restraints
4.3.1 High Initial Investments
4.3.2 Scaling Constraints for Urban Air Mobility Operations
4.4 Opportunities
4.4.1 Government Initiatives Supporting the Development of UAM Capabilities
4.5 Challenges
4.5.1 Air Traffic and Cybersecurity Concerns
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Ansoff Matrix Analysis
6 Global Urban Mobility Market, By Component
6.1 Introduction
6.2 Infrastructure Solutions
6.2.1 Charging Stations
6.2.2 Vertiports
6.2.3 Air Traffic Management Facilities
6.2.4 Maintenance Facilities
6.3 Platform
6.3.1 Air Taxis
6.3.2 Air Shuttles and & Air Metro
6.3.3 Personal Air Vehicles
6.3.4 Cargo Air Vehicles
6.3.5 Air Ambulance & Medical Emergency Vehicles
6.3.6 Last-mile Delivery Vehicles
7 Global Urban Air Mobility Market, By Operation
7.1 Introduction
7.2 Piloted
7.3 Autonomous
7.3.1 Remotely/Optionally Piloted
7.3.2 Fully Autonomous
8 Global Urban Air Mobility Market, By System
8.1 Introduction
8.2 Aerostructures
8.3 Avionics
8.4 Electrical Systems
8.5 Propulsion Systems
8.6 Software
9 Global Urban Air Mobility Market, By Range
9.1 Introduction
9.2 Intercity
9.3 Intracity
10 Global Urban Air Mobility Market, By Architecture
10.1 Introduction
10.2 Rotary Wing
10.3 Fixed Wing Hybrid
11 Global Urban Air Mobility Market, By End-Users
11.1 Introduction
11.2 Ride-Sharing Companies
11.3 Scheduled Operators
11.4 E-commerce Companies
11.5 Hospitals & Medicals Agencies
11.6 Private Operators
12 Americas' Urban Air Mobility Market
12.1 Introduction
12.2 Argentina
12.3 Brazil
12.4 Canada
12.5 Chile
12.6 Colombia
12.7 Mexico
12.8 Peru
12.9 United States
12.10 Rest of Americas
13 Europe's Urban Air Mobility Market
13.1 Introduction
13.2 Austria
13.3 Belgium
13.4 Denmark
13.5 Finland
13.6 France
13.7 Germany
13.8 Ireland
13.9 Italy
13.10 Luxembourg
13.11 Netherlands
13.12 Norway
13.13 Poland
13.14 Russia
13.15 Spain
13.16 Sweden
13.17 Switzerland
13.18 United Kingdom
13.19 Rest of Europe
14 Middle East and Africa's Urban Air Mobility Market
14.1 Introduction
14.2 Egypt
14.3 Israel
14.4 Nigeria
14.5 Qatar
14.6 Saudi Arabia
14.7 South Africa
14.8 United Arab Emirates
14.9 Rest of MEA
15 APAC's Urban Air Mobility Market
15.1 Introduction
15.2 Australia
15.3 Bangladesh
15.4 China
15.5 India
15.6 Indonesia
15.7 Japan
15.8 Malaysia
15.9 Philippines
15.10 Singapore
15.11 South Korea
15.12 Sri Lanka
15.13 Thailand
15.14 Taiwan
15.15 Rest of Asia-Pacific
16 Competitive Landscape
16.1 Competitive Quadrant
16.2 Market Share Analysis
17 Company Profiles
17.1 Airbus SE
17.1.1 Company Overview
17.1.2 Company Snapshot
17.1.3 Product Overview
17.1.4 Business Overview
17.1.5 SWOT Analysis
17.1.6 Recent Developments
17.2 Boeing Co.
17.2.1 Company Overview
17.2.2 Company Snapshot
17.2.3 Product Overview
17.2.4 Business Overview
17.2.5 SWOT Analysis
17.2.6 Recent Developments
17.3 EHang Holdings Limited
17.3.1 Company Overview
17.3.2 Company Snapshot
17.3.3 Product Overview
17.3.4 Business Overview
17.3.5 SWOT Analysis
17.3.6 Recent Developments
17.4 Embraer SA
17.4.1 Company Overview
17.4.2 Company Snapshot
17.4.3 Product Overview
17.4.4 Business Overview
17.4.5 SWOT Analysis
17.4.6 Recent Developments
17.5 Honeywell International Inc.
17.5.1 Company Overview
17.5.2 Company Snapshot
17.5.3 Product Overview
17.5.4 Business Overview
17.5.5 SWOT Analysis
17.5.6 Recent Developments
17.6 Hyundai Motor Group
17.6.1 Company Overview
17.6.2 Company Snapshot
17.6.3 Product Overview
17.6.4 Business Overview
17.6.5 SWOT Analysis
17.6.6 Recent Developments
17.7 Jaunt Air Mobility LLC
17.7.1 Company Overview
17.7.2 Company Snapshot
17.7.3 Product Overview
17.7.4 Business Overview
17.7.5 SWOT Analysis
17.7.6 Recent Developments
17.8 Joby Aero Inc.
17.8.1 Company Overview
17.8.2 Company Snapshot
17.8.3 Product Overview
17.8.4 Business Overview
17.8.5 SWOT Analysis
17.8.6 Recent Developments
17.9 Karem Aircraft, Inc.
17.9.1 Company Overview
17.9.2 Company Snapshot
17.9.3 Product Overview
17.9.4 Business Overview
17.9.5 SWOT Analysis
17.9.6 Recent Developments
17.10 Kitty Hawk
17.10.1 Company Overview
17.10.2 Company Snapshot
17.10.3 Product Overview
17.10.4 Business Overview
17.10.5 SWOT Analysis
17.10.6 Recent Developments
17.11 Lilium
17.11.1 Company Overview
17.11.2 Company Snapshot
17.11.3 Product Overview
17.11.4 Business Overview
17.11.5 SWOT Analysis
17.11.6 Recent Developments
17.12 Neva Aerospace
17.12.1 Company Overview
17.12.2 Company Snapshot
17.12.3 Product Overview
17.12.4 Business Overview
17.12.5 SWOT Analysis
17.12.6 Recent Developments
17.13 Opener, Inc.
17.13.1 Company Overview
17.13.2 Company Snapshot
17.13.3 Product Overview
17.13.4 Business Overview
17.13.5 SWOT Analysis
17.13.6 Recent Developments
17.14 PIPISTREL d.o.o.
17.14.1 Company Overview
17.14.2 Company Snapshot
17.14.3 Product Overview
17.14.4 Business Overview
17.14.5 SWOT Analysis
17.14.6 Recent Developments
17.15 Safran SA
17.15.1 Company Overview
17.15.2 Company Snapshot
17.15.3 Product Overview
17.15.4 Business Overview
17.15.5 SWOT Analysis
17.15.6 Recent Developments
17.16 Textron, Inc.
17.16.1 Company Overview
17.16.2 Company Snapshot
17.16.3 Product Overview
17.16.4 Business Overview
17.16.5 SWOT Analysis
17.16.6 Recent Developments
17.17 The Boeing Co.
17.17.1 Company Overview
17.17.2 Company Snapshot
17.17.3 Product Overview
17.17.4 Business Overview
17.17.5 SWOT Analysis
17.17.6 Recent Developments
17.18 Volocopter GmbH
17.18.1 Company Overview
17.18.2 Company Snapshot
17.18.3 Product Overview
17.18.4 Business Overview
17.18.5 SWOT Analysis
17.18.6 Recent Developments
17.19 Workhorse Group Inc.
17.19.1 Company Overview
17.19.2 Company Snapshot
17.19.3 Product Overview
17.19.4 Business Overview
17.19.5 SWOT Analysis
17.19.6 Recent Developments
18 Appendix
18.1 Self-Assessment Form

Companies Mentioned

  • Airbus SE
  • Boeing Co.
  • EHang Holdings Limited
  • Embraer SA
  • Honeywell International Inc.
  • Hyundai Motor Group
  • Jaunt Air Mobility LLC
  • Joby Aero Inc.
  • Karem Aircraft, Inc.
  • Kitty Hawk
  • Lilium
  • Neva Aerospace
  • Opener, Inc.
  • PIPISTREL d.o.o.
  • Safran SA
  • Textron, Inc.
  • The Boeing Co.
  • Volocopter GmbH
  • Workhorse Group Inc.