In a recently published report titled “Urban Air Mobility Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the Urban air mobility market in terms of market segmentation by Component, by operations, by Range and by region.
Further, for in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
Urban air mobility market is segmented by component into infrastructure and platforms; by operations into piloted and autonomous; by range into intercity and intracity. The urban air mobility market is anticipated to record a CAGR of around 14.4% over the forecast period i.e. 2019-2027.
Inner city point-to-point services
Multi-copters (highly distributed propulsion aircraft) and quad-copters might become the solutions of choice. Their low downwash speeds are kinder to and safer for urban environments, avoiding damage or injury caused by gravel or sand projection on small landing pads. High gust stability could also prove advantageous where skyscraper helipads are used, thereby maximizing up-time even in harsh weather conditions.
Suburban to urban services
Concepts with higher forward speeds may be better suited to covering longer distances, although poorer hovering efficiency, higher downwash speeds and more noise mean that the air mobility will require dedicated and better-developed landing areas. Tilt-wing/convertible aircraft concepts, hybrid concepts as well as fixed-wing vectored thrust concepts might become predominant for this business model.
North America region is panned to observe substantial growth in the urban air mobility market on the back of high per capita technology expenditure, increasing prevalence of traffic and availability of advanced transportation facilities have resulted in people spending more on better transportation facilities. Furthermore, increasing demand for new product launches and technological advancements are also anticipated to drive the urban air mobility market over the forecast period.
North America market is expected to be followed by Asia Pacific region due to increase in population and rising budget of major economies like China and India. With rising investment in upgrading to latest technologies supported by the rise in advanced transportation facilities in this area, the demand for air mobility vehicles is expected to increase at a high rate.
Middle East & Africa region is expected to hold a moderate share in the urban air mobility market over the forecast period due to gradual increase in the usage of different highly advanced products especially in the GCC countries. Various air mobility organizations are expected to drive the market over the forecast period. Numerous government and private organizations are working toward developing air mobility vehicle to address the increasing demand in the region.
As per report by NASA, there are 5,660 heliports in the U.S. (most are not public-use) and 9,750 civil helicopters in the fleet. The market is expected to continue to grow steadily over the next 10 years, from $8.2B in 2017 to $11.6B by 2027.
However, high cost, information and communication networks, infrastructure for ground operations and environmental implications are expected to operate as a key restraint to the growth of urban air mobility market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the urban air mobility market which includes company profiling of AIRSPACEX, CityAirbus (Airbus Helicopters), Lilium Aviation, Hoversurf, Jetpack Aviation, VerdeGo Aero, Embraer and Pipistrel, Lilium. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the urban air mobility market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.