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3. Urban Air Mobility Companies - Airbus SE (Netherlands) and Eve Holding, Inc. (Brazil) are the Key Players

The market for urban air mobility is projected to be USD 3.8 billion in 2023 and is estimated to reach USD 28.5 billion by 2030, at a CAGR of 33.5% during the forecast period. The growth of the urban air mobility market is due to an increase in urban congestion, technological advancements in the UAM industry, and rising environmental concerns.

Major Urban Air Mobility Companies Include:

• Airbus SE (Netherlands)
• Eve Holding, Inc. (Brazil)
• Lilium Aviation GmbH (Germany)
• EHang (China)
• Vertical Aerospace (UK)

These players have been focusing on securing government contracts for their organic growth. Their core competencies include high investments in R&D activities. Collaborations, product launches, contracts, and partnerships were the key growth strategies the leading market players adopted from 2020 to 2023. Of these, the players most widely adopted product launches and contracts strategies to remain competitive in the market.

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

Airbus SE

Airbus SE (Netherlands) is a global leader in designing, manufacturing, and delivering products and services for the space and aviation industries worldwide. The company reportedly operates in three business segments: Airbus Helicopters, Airbus, and Airbus Defense and Space. Under Airbus Helicopters, the company provides UAM-related products such as City Airbus eVTOL aircraft. The products are made with cutting-edge materials, and production processes such as 3D printing, composites, and robots are used to maximize their longevity and strength.  Airbus is investing in the research, design, and development of electric vertical takeoff and landing (eVTOL) aircraft tailored specifically for UAM operations. The company is committed to advancing eVTOL technology by integrating cutting-edge electric propulsion systems, autonomous flight capabilities, and innovative design principles. To establish a comprehensive UAM ecosystem, Airbus is also involved in the development of necessary infrastructure components. This includes the creation of vertiports or skyports, which serve as dedicated hubs for UAM vehicle takeoff and landing. The aim is to establish an interconnected network of vertiports to facilitate efficient passenger and cargo transfers, enhancing the convenience and effectiveness of urban air travel. The company employs thousands of highly qualified engineers and technicians and has a presence across Europe, including France, Germany, Spain, and the UK. It works closely with other aerospace businesses and academic organizations.

Lilium Aviation GmbH

Lilium Aviation GmbH (Germany) specializes in designing and manufacturing eVTOL aircraft for urban transportation. Its eVTOL aircraft, known as Lilium Jets, feature a fixed-wing design with multiple electric ducted fans for vertical takeoff and landing. This allows the aircraft to operate efficiently in urban environments without traditional runways. Key components of Lilium's aircraft include advanced aerodynamics, electric propulsion systems, and sophisticated flight control software. The aircraft design incorporates redundant systems, fail-safe mechanisms, and thorough testing. This includes redundant motors, power systems, and flight control surfaces, as well as comprehensive sensor suites and advanced avionics for enhanced situational awareness.

EHang

EHang (China) specializes in autonomous aerial vehicles (AAVs). The company operates through three business segments: Air Mobility, Smart City Management, and Aerial Media Solutions, and provides AAV products and solutions to customers in various industries. The Ehang AAV features a multi-rotor configuration with distributed electric motors and rotors, enabling vertical takeoff and landing capabilities. This design eliminates the need for traditional runways or helipads, making it suitable for urban environments. The core technologies of Ehang's AAVs include advanced flight control systems, sensor arrays, and artificial intelligence algorithms. These systems enable autonomous navigation, real-time obstacle detection and avoidance, and precise flight control, ensuring safe and efficient operations. Ehang's business model involves both direct ownership and operation of its AAVs, as well as partnerships with transportation providers and service operators. This approach enables efficient and scalable deployment of its AAVs. Ehang also focuses on expanding its product portfolio and exploring new applications for its autonomous aerial technology. In its Air Mobility segment, Ehang provides passenger transportation as well as logistics transportation.

Eve Holding, Inc.

Eve Holding, Inc. (Brazil) is a subsidiary of Embraer, a Brazilian aircraft manufacturer. The company is an aviation company specializing in the development and operation of eVTOL aircraft for UAM. With a focus on sustainability and efficiency, Eve aims to transform transportation by offering innovative air mobility solutions. It designs and manufactures advanced aircraft tailored for safe and reliable passenger and cargo transportation. The company's business model centers around deploying eVTOL aircraft as air taxis and urban transportation services, meeting the increasing demand for efficient urban mobility solutions. Eve prioritizes the use of electric propulsion systems to reduce emissions and noise pollution in urban areas out of a strong commitment to sustainability. Its eVTOL aircraft may operate from helipads or other approved landing spots without using conventional runways because they are built for vertical takeoff and landing. Collaborating with industry partners and regulatory authorities, Eve aims to shape the future of urban transportation by providing efficient, accessible, and environmentally friendly air mobility solutions.

Vertical Aerospace

Vertical Aerospace (UK) is an aerospace company specializing in the development of eVTOL aircraft for the urban air mobility market. With a focus on innovative and sustainable transportation solutions, the company aims to revolutionize urban mobility by providing efficient and environmentally friendly air transportation options. Emphasizing safety, performance, and noise reduction, Vertical Aerospace strives to deliver cutting-edge aircraft designs. The company's goal is to advance electric aviation technology. Its eVTOL aircraft are equipped with electric propulsion systems, enabling zero-emission flights, and contributing to a significant reduction in carbon emissions compared to traditional aircraft.

Related Reports:

Urban Air Mobility Market by Solution (Infrastructure, Platform), Mobility Type (Air Taxi, Personal Air Vehicle, Cargo Air Vehicle, Air Ambulance), Platform Operation, Range, Platform Architecture, End User, Region- Global Forecast to 2030

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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