Urban Air Mobility Market

Urban Air Mobility Market by Component (Infrastructure (Charging Stations, Vertiports, Traffic Management), Platform (Air Taxi, Personal Air Vehicle, Cargo Air Vehicle, Air Ambulance)), Operation, Range, and Region - Global Forecast to 2030

Report Code : AS 6957
Published ON : Mar, 2019

[141 Pages Report] The urban air mobility market is projected to grow from USD 5.3 billion in 2018 to USD 15.2 billion by 2030, at a CAGR of 11.33% from 2018 to 2030. The need to increase operational efficiency, reduction in human intervention for intercity and intracity transportation using eVTOLs, and growing investment activities around the world are key factors expected to drive the market growth.

Urban Air Mobility Market

Platform segment projected to grow at a higher CAGR than the infrastructure segment during the forecast period

Based on component, the urban air mobility market has been segmented into infrastructure and platform. The platform segment is projected to grow at a higher CAGR during the forecast period owing to increasing investments from various eVTOL manufacturers for commercial applications, such as air taxi, personal air travel, cargo transportation, and air ambulance.

Autonomous segment estimated to lead the market during the forecast period

Based on operation, the urban air mobility market has been segmented into piloted and autonomous. The autonomous segment is estimated to lead the market during the forecast period, as autonomous eVTOLs are better suited for passenger and cargo transportation and are expected to be increasingly used for intercity transportation. These autonomous eVTOLs can operate in urban areas as they are equipped with high-quality sensors and proven technology for human-free operations. Presently, the market for fully-autonomous aerial vehicles is smaller than that of the piloted aerial vehicles. However, the autonomous segment is projected to grow at a higher rate during the forecast period.

Urban Air Mobility Market

Europe to be the fastest-growing market for urban air mobility during the forecast period

The Europe urban air mobility market is projected to grow at the highest rate during the forecast period. Countries in this region, such as Germany and France, are investing heavily in the development and procurement of advanced eVTOL systems for commercial operations. Advancements in the manufacturing capability of emerging economies in this region will drive the market. Additionally, the ever-increasing trend of automation and globalization in these coountries are fueling the growth of the European urban air mobility market.

Key Market Players

Some of the key players profiled in the urban air mobility market report include Kitty Hawk (US), Lilium (Germany), EHang (China), Volocopter (Germany), and A3 by Airbus (US). Partnerships and new product launches were key strategies adopted by these players to achieve growth in the market. These strategies accounted for the major share of the total growth strategies adopted by the leading players in 2017.

Recent Developments

  • In September 2017, Lilium developed a five-seat flying taxi, worth USD 90 million, capable of a vertical take-off and jet-powered flight.
  • In June 2017, Workhorse Group unveiled its SureFly helicopter at the Paris Air Show. SureFly is a personal helicopter/VTOL aircraft with four propeller arms (with two fixed contra-rotating propellers on each arm), a backup battery to drive the electric motors if the engine fails, and a ballistic parachute intended to safely bring down the craft if needed.

Scope of the Report

Report Metric

Details

Market size available for years

2015-2025

Market Size Available for Years

2018–2030

Base Year Considered

2017

Forecast Period

2025–2030

Forecast Units

Value (USD Million)

Segments Covered

Component, Operation, Range and Region

Geographies Covered

North America, Europe, Asia Pacific, the Middle East, and Latin America

Companies Covered

Kitty Hawk (US), Lilium (Germany), EHang (China), Volocopter (Germany), and A3 by Airbus (US), among others

This research report categorizes the urban air mobility market into the following segments and subsegments:

By Component

  • Infrastructure
    • Charging stations
    • Vertiports             
    • Traffic Management
  • Platform
    • Air Taxi
    • Personal Air Vehicle
    • Cargo Air Vehicle
    • Air Ambulance

By Operation

  • Piloted
  • Autonomous

By Range

  • Intracity (20 to 100 Kilometers)
  • Intercity (100 to 400 Kilometers)

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East
  • Latin America

Key Questions

  • How will the drivers, challenges, and future opportunities for the urban air mobility market affect its dynamics and the subsequent market analysis of the associated trends?
  • What are the key sustainability strategies adopted by leading players operating in the market?
  • What are the upcoming disrupters in this market that can be potential targets for partnerships/mergers?
  • Who are the top players operating in this market?
  • Which are the new geographies that can be potential revenue pockets for the urban air mobility market?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of Contents

1 Introduction (Page No. - 17)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Market Scope
           1.3.1 Regional Scope
           1.3.2 Years Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Market Stakeholders

2 Research Methodology (Page No. - 21)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
           2.1.3 Market Definition & Scope
           2.1.4 Exclusions
    2.2 Research Approach & Methodology
           2.2.1 Bottom-Up Approach
                    2.2.1.1 Research Methodology -1
                               2.2.1.1.1 UAM Market Size Calculation
                               2.2.1.1.2 Regional Evtol Aircraft Market
                    2.2.1.2 Research Methodology -2
                    2.2.1.3 Research Methodology -3
                               2.2.1.3.1 UAM Infrastructure Market Size Calculation
                    2.2.1.4 Breakdown of Primaries
    2.3 Market Size Estimation
           2.3.1 Bottom-Up Approach
           2.3.2 Top-Down Approach
    2.4 Triangulation & Validation
           2.4.1 Triangulation Through Secondary
           2.4.2 Triangulation Through Primaries
    2.5 Assumptions
           2.5.1 Market Sizing
           2.5.2 Market Forecasting
    2.6 Risks Analysis

3 Executive Summary (Page No. - 34)

4 Premium Insights (Page No. - 38)
    4.1 Attractive Growth Opportunities in the Urban Air Mobility Market
    4.2 Urban Air Mobility Market, By Platform
    4.3 Urban Air Mobility Market, By Infrastructure
    4.4 Urban Air Mobility Market, By Operation
    4.5 Urban Air Mobility Market, By Range
    4.6 Urban Air Mobility Market, By Region

5 Market Overview (Page No. - 41)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Need for an Alternative Mode of Transportation in Urban Mobility
                    5.2.1.2 Demand for an Efficient Mode of Logistics & Transportation
                    5.2.1.3 Adoption of Urban Air Mobility Due to Environmental Concerns
                    5.2.1.4 Smart City Initiatives Will Demand Urban Air Mobility
                    5.2.1.5 Significant Investments By Stakeholders in Urban Air Mobility
           5.2.2 Restraints
                    5.2.2.1 Limited Adoption of Urban Air Mobility Due to Pestle Factors
           5.2.3 Opportunities
                    5.2.3.1 Intracity Transportation Using Urban Air Mobility to Be A Short-Term Opportunity
                    5.2.3.2 Increasing Demand for Autonomous Air Ambulance Vehicles
           5.2.4 Challenges
                    5.2.4.1 Stringent Regulations on Urban Air Mobility Operations By Aviation Authorities
                               5.2.4.1.1 Restrictions on the Commercial Use of Uav
                    5.2.4.2 Integration of Urban Air Mobility With Current Urban Infrastructure

6 Industry Trends (Page No. - 47)
    6.1 Introduction
    6.2 Technology Trends
           6.2.1 Blockchain
           6.2.2 Artificial Intelligence
           6.2.3 Sense & Avoid System
           6.2.4 Cloud Computing
           6.2.5 Wireless Charging
           6.2.6 Automated Ground Control Stations
           6.2.7 Internet of Things (IoT)
    6.3 Country-Wise Drone Regulations
    6.4 Patent Analysis

7 Urban Air Mobility Market, By Component (Page No. - 57)
    7.1 Introduction
    7.2 Infrastructure
           7.2.1 Charging Stations
                    7.2.1.1 Next Generation of Charging Stations Will Help Evtol Aircraft to Reduce the Turnaround Time
           7.2.2 Vertiports
                    7.2.2.1 Increasing Investments in Passenger Drones Will the Demand for New Vertiports in the Coming Years
           7.2.3 Traffic Management
                    7.2.3.1 The Requirement for Utm Solutions to Manage Drone Operations is One of the Key Factors Expected to Influence the Growth of the Urban Air Mobility Market
    7.3 Platform
           7.3.1 Air Taxi
                    7.3.1.1 Air Taxis Using Evtol Aircraft are Expected to Commercialize in the Coming Years
           7.3.2 Passenger Aerial Vehicle
                    7.3.2.1 Increasing Disposal Income in Urban Areas Coupled With the Development of Smart Cities has Resulted in the Development of Passenger Aerial Vehicles for Intracity and Intercity Transportation
           7.3.3 Cargo Aerial Vehicle
                    7.3.3.1 Technologies Such as AI (Artificial Intelligence), Wireless Charging, and Automated Ground Control Station are Required for the Implementation of Drone Logistics Solutions
           7.3.4 Air Ambulance
                    7.3.4.1 Healthcare Industry is Expected to Witness A Disruptive Change With the Introduction of Air Ambulance Drones

8 Urban Air Mobility Market, By Operation (Page No. - 63)
    8.1 Introduction
    8.2 Piloted
           8.2.1 The Need for Human Intervention is Due to Factors Such as Social Acceptance and International Laws for Safeguarding the Lives of Passengers
    8.3 Autonomous
           8.3.1 Increasing Investments By Various Manufacturers and Government Bodies in the Development of Autonomous Unmanned Systems is Expected to Grow at A High Rate During the Forecast Period

9 Urban Air Mobility Market, By Range (Page No. - 66)
    9.1 Introduction
    9.2 Intercity (100 Kilometers to 400 Kilometers)
    9.3 Intracity (20 Kilometers to 100 Kilometers)

10 Urban Air Mobility Market, By Region (Page No. - 69)
     10.1 Introduction
     10.2 North America
             10.2.1 US
                        10.2.1.1 Major E-Vtol Aircraft Manufacturers are Present in the Us, Resulting in the Increasing Adoption of Unmanned Systems for Various Civil & Commercial Applications in the Country
                        10.2.1.2 Pestle Analysis
     10.3 Europe
             10.3.1 Germany
                        10.3.1.1 European Region Including Cities of Enschede and Munster Signed the Manifesto of Intent to Join the Urban Air Mobility (UAM) Initiative
                        10.3.1.2 Pestle Analysis
             10.3.2 France
                        10.3.2.1 Toulouse Métropole, A City of France has Long Term Plans for Sustainable Integration of Air Mobility in Phases
                        10.3.2.2 Pestle Analysis
             10.3.3 Switzerland
                        10.3.3.1 The Canton of Geneva is Part of the European Union’s UAM Initiative
                        10.3.3.2 Pestle Analysis
             10.3.4 Belgium
                        10.3.4.1 Belgium is Exploring Possibilities for the Setting Up of A Drone-Based Emergency Services Network That Will Be Used for Transportation of Medicines and Patients
             10.3.5 Bulgaria
                        10.3.5.1 The City of Plovdiv Will Be the First to Benefit From UAM Initiative
             10.3.6 Estonia
                        10.3.6.1 Estonia is A Part of Europe’s Ambitious Single European Sky (SES) Initiative Space Trial Programme to Test the Implementation of Urban Air Mobility Using A Fleet of Drones
             10.3.7 Finland
                        10.3.7.1 Finland Received Major Investments From Wing, A Subsidiary of Alphabet Inc. Which is the Parent Company of Google, in January 2019 for Starting Drone Delivery Services in the Country
             10.3.8 Poland
                        10.3.8.1 Polish Air Navigation Services Agency (PANSA) and Logistics Services Center (LSC), Manager of the Warsaw Babice Airport, are Collaborating for Development of UAM in Poland
             10.3.9 The Netherlands
                        10.3.9.1 Amsterdam Became A Part of the European Union’s European Innovation Partnership on Smart Cities and Communities (EIP-SCC) Urban Air Mobility (UAM) Initiative
     10.4 Asia Pacific
             10.4.1 Japan
                        10.4.1.1 Air Mobility Using Unmanned Systems Could Become A Powerful Tool for Enhancing Public Safety in the Country
                        10.4.1.2 Pestle Analysis
             10.4.2 Australia
                        10.4.2.1 Australia is One of the Countries Identified By Uberair for Its Operational Air Taxi Service Using Unmanned Aerial Vehicle By 2020
                        10.4.2.2 Pestle Analysis
             10.4.3 India
                        10.4.3.1 India is Estimated to Be One of the Most Challenging Markets for Commercialization of Evtols for Applications Such as Cargo Delivery and Passenger Travel
                        10.4.3.2 Pestle Analysis
             10.4.4 New Zealand
                        10.4.4.1 Airways New Zealand is A Key Provider of Air Traffic Service in New Zealand and is Working in Collaboration With Kitty Hawk, an Air Taxi Provider, to Integrate Air Taxis Traffic Management System
     10.5 Middle East
             10.5.1 UAE
                        10.5.1.1 Dubai Was Selected as One of the Partner City By Uberair to Develop On-Demand Taxi Services of Electric Drones in Hopes to Cut Down on Traffic and Slash Commuting Duration
                        10.5.1.2 Pestle Analysis
     10.6 Latin America
             10.6.1 Brazil
                        10.6.1.1 The Establishment of Airbus’s New Urban Air Mobility Unit in Sao Paulo, Brazil, Airbus is Aiming to Make Intercity and Intracity Air Travel for Passengers Possible By Their Aerial Vehicle in the Countries Such as Brazil

11 Competitive Landscape (Page No. - 109)
     11.1 Introduction
     11.2 Company Ranking Analysis
     11.3 Competitive Situations and Trends
             11.3.1 Expansions
             11.3.2 New Product Launches & Developments
             11.3.3 Partnerships & Agreements
     11.4 Competitive Leadership Mapping
             11.4.1 Visionary Leaders
             11.4.2 Innovators
             11.4.3 Dynamic Differentiators
             11.4.4 Emerging Companies

12 Company Profiles (Page No. - 114)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
     12.1 Introduction
     12.2 A³ By Airbus
     12.3 Aurora Flight Sciences
     12.4 Lilium
     12.5 Embraer
     12.6 Ehang
     12.7 Volocopter
     12.8 Workhorse Group
     12.9 Pipistrel
     12.10 Bell Helicopter
     12.11 Neva Aerospace
     12.12 Opener
     12.13 Kitty Hawk
     12.14 Joby Aviation
     12.15 Karem Aircraft
     12.16 Digisky
     12.17 Volta Volare
     12.18 Airspacex (Detroit Aircraft Corporation)
     12.19 Siemens
     12.20 Delorean Aerospace

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 135)
     13.1 Discussion Guide
     13.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.3 Available Customization
     13.4 Related Reports
     13.5 Author Details


List of Tables (73 Tables)

Table 1 Venture Capital Funding in Startups
Table 2 Restrictions on the Use of Drone in Countries
Table 3 Rules and Guidelines By the Federal Aviation Administration for Operation of Uavs in the Us
Table 4 Rules and Guidelines By Civil Aviation Authority for Operation of Uavs in the Uk
Table 5 Rules and Guidelines for Operation of Uavs in Other Countries
Table 6 Uav Regulations, By Country
Table 7 Patents Related to Drones Granted Between 2015 and 2017
Table 8 Urban Air Mobility Market Size, By Component, 2016-2030 (USD Million)
Table 9 Urban Air Mobility Infrastructure Market Size, By Solution, 2016-2030 (USD Million)
Table 10 Urban Air Mobility Platform Market Size, By Application, 2016-2030 (USD Million)
Table 11 Major Developments in the Field of Air Taxies
Table 12 Urban Air Mobility Market Size, By Operation, 2016–2030 (USD Million)
Table 13 Urban Air Mobility Market Size, By Range, 2016–2030 (USD Million)
Table 14 Urban Air Mobility Market Size, By Region, 2016-2030 (USD Million)
Table 15 North America Urban Air Mobility Market Size, By Country, 2016-2030 (USD Million)
Table 16 US Urban Air Mobility Market Size, By Component, 2016-2030 (USD Million)
Table 17 US Urban Air Mobility Infrastructure Market Size, By Solution, 2016-2030 (USD Million)
Table 18 US Urban Air Mobility Platform Market Size, By Application, 2016-2030 (USD Million)
Table 19 US Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 20 US Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 21 Europe Urban Air Mobility Market Size, By Country, 2016-2030 (USD Million)
Table 22 Europe Urban Air Mobility Market Size, By Component, 2016-2030 (USD Million)
Table 23 Europe Urban Air Mobility Infrastructure Market Size, By Solution, 2016-2030 (USD Million)
Table 24 Europe Urban Air Mobility Platform Market Size, By Application, 2016-2030 (USD Million)
Table 25 Europe Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 26 Europe Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 27 Germany Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 28 Germany Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 29 France Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 30 France Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 31 Switzerland Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 32 Switzerland Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 33 Belgium Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 34 Belgium Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 35 Bulgaria Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 36 Bulgaria Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 37 Estonia Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 38 Estonia Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 39 Finland Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 40 Finland Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 41 Poland Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 42 Poland Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 43 Netherlands Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 44 Netherlands Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 45 Asia Pacific Urban Air Mobility Market Size, By Country, 2016-2030 (USD Million)
Table 46 Asia Pacific Urban Air Mobility Market Size, By Component, 2016-2030 (USD Million)
Table 47 Asia Pacific Urban Air Mobility Infrastructure Market Size, By Solution, 2016-2030 (USD Million)
Table 48 Asia Pacific Urban Air Mobility Platform Market Size, By Application, 2016-2030 (USD Million)
Table 49 Asia Pacific Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 50 Asia Pacific Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 51 Japan Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 52 Japan Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 53 Australia Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 54 Australia Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 55 India Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 56 India Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 57 New Zealand Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 58 New Zealand Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 59 Middle East Urban Air Mobility Market Size, By Country, 2016-2030 (USD Million)
Table 60 UAE Urban Air Mobility Market Size, By Component, 2016-2030 (USD Million)
Table 61 UAE Urban Air Mobility Infrastructure Market Size, By Solution, 2016-2030 (USD Million)
Table 62 UAE Urban Air Mobility Platform Market Size, By Application, 2016-2030 (USD Million)
Table 63 UAE Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 64 UAE Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 65 Latin America Urban Air Mobility Market Size, By Country, 2016-2030 (USD Million)
Table 66 Brazil Urban Air Mobility Market Size, By Component, 2016-2030 (USD Million)
Table 67 Brazil Urban Air Mobility Infrastructure Market Size, By Solution, 2016-2030 (USD Million)
Table 68 Brazil Urban Air Mobility Platform Market Size, By Application, 2016-2030 (USD Million)
Table 69 Brazil Urban Air Mobility Market Size, By Operation, 2016-2030 (USD Million)
Table 70 Brazil Urban Air Mobility Market Size, By Range, 2016-2030 (USD Million)
Table 71 Expansions, 2014 to February 2019
Table 72 New Product Launches & Developments, 2014 to February 2019
Table 73 Partnerships & Agreements, 2014 to February 2019


List of Figures (36 Figures)

Figure 1 Urban Air Mobility Market Segmentation
Figure 2 Research Flow
Figure 3 Research Design
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions for the Research Study
Figure 8 Platform Segment Estimated to Lead Urban Air Mobility Market in 2018
Figure 9 Piloted Segment Estimated to Lead Ur0ban Air Mobility Market in 2018
Figure 10 Intercity (100 to 400 Kilometers) Segment Estimated to Lead Urban Air Mobility Market in 2018
Figure 11 New Zealand is Projected to Grow at Highest Rate From 2025 to 2030
Figure 12 North America Estimated to Lead the Urban Air Mobility Market in 2018
Figure 13 Recent Technological Developments, Use of Uavs in Various Civil & Commercial Applications, and Significant Investments in Emerging Countries are Driving the Growth of the Urban Air Mobility Market
Figure 14 Air Taxi Segment Expected to Lead the Market in 2018
Figure 15 Traffic Management Segment Expected to Lead the Market From 2018 to 2030
Figure 16 Piloted Segment Expected to Lead the Market From 2018 to 2030
Figure 17 Intercity (100 to 400 Kilometers) Segment Expected to Lead the Market From 2018 to 2030
Figure 18 North America Expected to Lead the Urban Air Mobility Market From 2018 to 2030
Figure 19 Urban Air Mobility Market Dynamics
Figure 20 Critical Components of UAM Ecosystem
Figure 21 Key Technology Enablers for Urban Air Mobility
Figure 22 Companies Working Toward the Development of Drones and Evtol Aircraft Incorporating Artificial Intelligence
Figure 23 Platform Segment Projected to Lead Urban Air Mobility Market From in 2018
Figure 24 Autonomous Segment Projected to Grow at Higher Rate From 2025 to 2030
Figure 25 Intracity Segment Projected to Lead Urban Air Mobility Market From 2018 to 2030
Figure 26 North America Urban Air Mobility Market Projected to Grow at Highest Rate From 2025 to 2030
Figure 27 North America Urban Air Mobility Market Snapshot
Figure 28 Europe Urban Air Mobility Market Snapshot
Figure 29 Asia Pacific Urban Air Mobility Market Snapshot
Figure 30 Middle East Urban Air Mobility Market Snapshot
Figure 31 Latin America Urban Air Mobility Market Snapshot
Figure 32 Companies Adopted New Product Launches & Developments as Key Growth Strategy From 2014 to February 2019
Figure 33 Rank Analysis of Top Players in the Urban Air Mobility Market in 2018
Figure 34 Competitive Leadership Mapping of the Urban Air Mobility Market in 2018
Figure 35 Embraer: Company Snapshot
Figure 36 Workhorse Group: Company Snapshot

This research study involved extensive use of secondary sources, directories, and databases, such as D&B Hoovers, Bloomberg Businessweek, and Factiva to identify and collect information relevant to the urban air mobility market. Primary sources included industry experts from the core and related industries as well as preferred suppliers, manufacturers, solution providers, technology developers, alliances, and organizations related to all the segments of this industry’s value chain. All primary sources were interviewed to obtain and verify critical qualitative and quantitative information as well as to assess the prospects of the market during the forecast period.

Secondary Research:

The share of companies in the urban air mobility market was determined using secondary data made available through paid and unpaid sources and by analyzing their product portfolios. The companies were rated based on the performance and quality of their products. These data points were further validated by primary sources.

Secondary sources referred for this research study on the urban air mobility market included financial statements of companies offering eVTOLs and information from various trade, business, and professional associations. Secondary data was collected and analyzed to arrive at the overall size of the urban air mobility market, which was further validated by primary respondents.

Primary Research:

Extensive primary research was conducted after acquiring knowledge about the current scenario of the urban air mobility market through secondary research. Several primary interviews were conducted with market experts from both the demand and supply sides across 5 major regions, namely, North America, Europe, Asia Pacific, the Middle East, and Latin America. This primary data was collected through questionnaires, emails, and telephonic interviews.

Urban Air Mobility (UAM) Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both, top-down and bottom-up approaches were used to estimate and validate the size of the urban air mobility market.

The research methodology that has been used to estimate the size of the market includes the following details:

  • Key players in the market were identified through secondary research, and their market share determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources which were then verified through primary sources.
  • All possible parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data on the urban air mobility market.

Data Triangulation

After arriving at the overall size of the urban air mobility market from the market size estimation process explained above, the total market has been split into several segments and subsegments. The data triangulation and market breakdown procedures explained below have been implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using both, top-down and bottom-up approaches.

Objectives of the Study

  • To define, describe, and forecast the urban air mobility market based on component, operation, range, and region
  • To analyze the degree of competition in the market by mapping the contracts, products, and services of key market players
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the market
  • To strategically analyze micromarkets with respect to individual technological trends and their contribution to the total market
  • To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, the Middle East, and Latin America, along with major countries in each region
  • To strategically profile key market players and comprehensively analyze their market share and core competencies
  • To track and analyze competitive developments, such as joint ventures, mergers, and new product launches in the market
  • To identify detailed financial positions, key products, and unique selling points of leading companies in the market
  • To identify industry trends, market trends, and technology trends currently prevailing in the market

Influencing factors

The armored vehicles market is influenced by market trends and dynamics. These include drivers, restraints, opportunities and challenges. The armored vehicles market is driven by several factors including; need for an alternative mode of transportation in urban mobility, adoption of urban air mobility due to environmental concerns, significant investments by stakeholders in urban air mobility. These factors have led to increase in demand of passenger transportation vehicles across the globe. The platform segment is estimated to account for the largest market share of urban air mobility market in 2018.

Urban Air Mobility (UAM) Market

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