NEW YORK, July 28, 2023 /PRNewswire/ — The urban air mobility market size is expected to grow by USD 5,280.25 million from 2022 to 2027. The market will be progressing at a CAGR of 27.5% as per the latest Technavio market research report. North America is estimated to account for 48% of the growth of the global market during the forecast period. The growth in the region can be attributed to factors such as the growth of e-retailing, the focus on segment-specific service offerings, and the adoption of the premium delivery service model. Online purchases which are usually delivered to customers’ doorsteps drive the demand for last-mile delivery services. Purchases delivered using last-mile delivery services are increasingly preferred to physical shopping by many consumers due to the convenience and time-saving benefits. A massive disruption in supply chains led to consumers spending less time in offline stores and more time in online stores. Thus, impacting the growth of the market in focus positively. For more insights on the market share of various regions- Download sample report in MINUTES

Urban Air Mobility Market: Market Dynamics

Increasing use of eVTOL aircraft in military applications to drive growth

The increasing use of eVTOL aircraft in military applications notably drives market growth. Urban air mobility is growingly seen as a future option for affordable, rapid, and sustainable travel, addressing both congestion and environmental issues faced by modern cities. 

Advances in technology encourage more than 120 startups and aerospace companies to develop urban air mobility vehicles known as eVTOLs (electric vertical take-off and landing vehicles). The electric vertical take-off and landing (eVTOL) aircraft have multiple benefits in the military because of their freedom to operate from anywhere, options to fly manually or autonomously, reduced noise levels, and elimination of the need for runways. Hence, the above-mentioned factors boost the growth of the global urban air mobility (UAM) market during the forecast period.

Technological Advancements to be a major trend

The major trend in the urban air mobility (UAM) market is the growing adoption of technological innovations. Large packages or goods need to be collected directly by the customer and not outside homes because of their high value. This poses a challenge for delivery services companies. Hence, delivery providers provide their customers with web and mobile-based last-mile delivery management applications to manage the delivery schedule of large or heavy cargo or packages. 

Furthermore, these applications allow options like the real-time management of package delivery and electronic rescheduling and alert the customer in the case of delays due to inclement weather or traffic issues through email, electronic messages, or voice calls. Therefore, technological advances are expected to positively influence the growth of the (UAM) market during the forecast period.

To know about more drivers, trends along with challenges – Download a sample now!

Some of the key Urban Air Mobility Market Players:

The urban air mobility market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Airbus SE, Archer Aviation Inc., Bartini Inc., EHang Holdings Ltd., Embraer SA, Geely Auto Group, Honeywell International Inc., Joby Aviation Inc., Kitty Hawk Corp., Lilium GmbH, Lockheed Martin Corp., Moller International, Moog Inc., Raytheon Technologies Corp., The Boeing Co., Volocopter GmbH, Wingcopter GmbH, Wisk Aero LLC, Workhorse Group Inc., and Textron Inc.

What’s New?

• Special coverage on the Russia–Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial  – Buy the report!

Urban Air Mobility Market: Segmentation Analysis

Technavio has segmented the market based on type (autonomous and piloted), application (delivery and passenger mobility), and geography (North America, Europe, APAC, Middle East and Africa, and South America).

• The autonomous segment will be significant for the market growth during the forecast period. Autonomous urban air mobility refers to the use of unmanned aerial vehicles or drones for transportation in urban environments, aiming to provide cities with a safe, efficient, and sustainable air transportation option by reducing traffic congestion and increasing mobility. The concept of self-driving/autonomous urban air mobility is still in its early stages of development. Its widespread adoption depends on overcoming the technical and regulatory hurdles. However, the market for autonomous aircraft is anticipated to grow, creating opportunities for investors and benefiting a variety of sectors along the way.

For additional information on the market contribution of each segment – Grab an Exclusive Sample Report

Gain instant access to 17,000+ market research reports.

Technavio’s SUBSCRIPTION platform

Related Reports:

The mobility demand market size should rise by USD 198.21 billion from 2022 to 2026 at a CAGR of 17.35%. Furthermore, this report extensively covers market segmentations by Type (Ride-hailing, Car rental, and Car sharing) and Geography (APAC, North America, Europe, South America, and MEA). The growing interest in self-driving vehicles is notably driving the mobility demand market growth.

The micro-mobility market size is expected to increase to USD 118.38 billion from 2021 to 2026, at a CAGR of 31.14%. Furthermore, this report extensively covers micro-mobility market segmentation by type (docked and dockless) and geography (APAC, Europe, North America, Middle East and Africa, and South America). One of the key factors driving the global micro-mobility industry growth is increasing traffic congestion. 

Table of Contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global urban air mobility market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global urban air mobility market 2017 – 2021 ($ million)

• 4.2 Type Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ million)

• 4.3 Application Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments
• Exhibit 30: Chart on Type – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type – Market share 2022-2027 (%)

• 6.2 Comparison by Type
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Autonomous – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Autonomous – Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Autonomous – Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Autonomous – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Autonomous – Year-over-year growth 2022-2027 (%)

• 6.4 Piloted – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Piloted – Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Piloted – Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Piloted – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Piloted – Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 43: Chart on Application – Market share 2022-2027 (%)
• Exhibit 44: Data Table on Application – Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 45: Chart on Comparison by Application
• Exhibit 46: Data Table on Comparison by Application

• 7.3 Delivery – Market size and forecast 2022-2027 
• Exhibit 47: Chart on Delivery – Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Delivery – Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Delivery – Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Delivery – Year-over-year growth 2022-2027 (%)

• 7.4 Passenger mobility – Market size and forecast 2022-2027 
• Exhibit 51: Chart on Passenger mobility – Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Passenger mobility – Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Passenger mobility – Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Passenger mobility – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 55: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 57: Chart on Market share by geography 2022-2027 (%)
• Exhibit 58: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 59: Chart on Geographic comparison
• Exhibit 60: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027 
• Exhibit 61: Chart on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Data Table on North America – Market size and forecast 2022-2027 ($ million)
• Exhibit 63: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 64: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 Europe – Market size and forecast 2022-2027 
• Exhibit 65: Chart on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.5 APAC – Market size and forecast 2022-2027 
• Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 73: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027 
• Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 81: Chart on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on US – Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027 
• Exhibit 85: Chart on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on China – Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Germany – Market size and forecast 2022-2027 
• Exhibit 89: Chart on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.11 UK – Market size and forecast 2022-2027 
• Exhibit 93: Chart on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on UK – Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.12 France – Market size and forecast 2022-2027 
• Exhibit 97: Chart on France – Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on France – Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on France – Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on France – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 101: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 102: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 104: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 105: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 106: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 107: Matrix on vendor position and classification

• 12.3 Airbus SE
• Exhibit 108: Airbus SE – Overview
• Exhibit 109: Airbus SE – Business segments
• Exhibit 110: Airbus SE – Key news
• Exhibit 111: Airbus SE – Key offerings
• Exhibit 112: Airbus SE – Segment focus

• 12.4 Archer Aviation Inc.
• Exhibit 113: Archer Aviation Inc. – Overview
• Exhibit 114: Archer Aviation Inc. – Product / Service
• Exhibit 115: Archer Aviation Inc. – Key offerings

• 12.5 EHang Holdings Ltd.
• Exhibit 116: EHang Holdings Ltd. – Overview
• Exhibit 117: EHang Holdings Ltd. – Product / Service
• Exhibit 118: EHang Holdings Ltd. – Key news
• Exhibit 119: EHang Holdings Ltd. – Key offerings

• 12.6 Embraer SA
• Exhibit 120: Embraer SA – Overview
• Exhibit 121: Embraer SA – Business segments
• Exhibit 122: Embraer SA – Key offerings
• Exhibit 123: Embraer SA – Segment focus

• 12.7 Geely Auto Group
• Exhibit 124: Geely Auto Group – Overview
• Exhibit 125: Geely Auto Group – Product / Service
• Exhibit 126: Geely Auto Group – Key offerings

• 12.8 Honeywell International Inc. 
• Exhibit 127: Honeywell International Inc. – Overview
• Exhibit 128: Honeywell International Inc. – Business segments
• Exhibit 129: Honeywell International Inc. – Key news
• Exhibit 130: Honeywell International Inc. – Key offerings
• Exhibit 131: Honeywell International Inc. – Segment focus

• 12.9 Joby Aviation Inc.
• Exhibit 132: Joby Aviation Inc. – Overview
• Exhibit 133: Joby Aviation Inc. – Product / Service
• Exhibit 134: Joby Aviation Inc. – Key offerings

• 12.10 Kitty Hawk Corp.
• Exhibit 135: Kitty Hawk Corp. – Overview
• Exhibit 136: Kitty Hawk Corp. – Product / Service
• Exhibit 137: Kitty Hawk Corp. – Key offerings

• 12.11 Lilium GmbH
• Exhibit 138: Lilium GmbH – Overview
• Exhibit 139: Lilium GmbH – Product / Service
• Exhibit 140: Lilium GmbH – Key offerings

• 12.12 Lockheed Martin Corp. 
• Exhibit 141: Lockheed Martin Corp. – Overview
• Exhibit 142: Lockheed Martin Corp. – Business segments
• Exhibit 143: Lockheed Martin Corp. – Key news
• Exhibit 144: Lockheed Martin Corp. – Key offerings
• Exhibit 145: Lockheed Martin Corp. – Segment focus

• 12.13 Textron Inc.
• Exhibit 146: Textron Inc. – Overview
• Exhibit 147: Textron Inc. – Business segments
• Exhibit 148: Textron Inc. – Key news
• Exhibit 149: Textron Inc. – Key offerings
• Exhibit 150: Textron Inc. – Segment focus

• 12.14 Volocopter GmbH
• Exhibit 151: Volocopter GmbH – Overview
• Exhibit 152: Volocopter GmbH – Product / Service
• Exhibit 153: Volocopter GmbH – Key offerings

• 12.15 Wingcopter GmbH
• Exhibit 154: Wingcopter GmbH – Overview
• Exhibit 155: Wingcopter GmbH – Product / Service
• Exhibit 156: Wingcopter GmbH – Key offerings

• 12.16 Wisk Aero LLC
• Exhibit 157: Wisk Aero LLC – Overview
• Exhibit 158: Wisk Aero LLC – Product / Service
• Exhibit 159: Wisk Aero LLC – Key offerings

• 12.17 Workhorse Group Inc.
• Exhibit 160: Workhorse Group Inc. – Overview
• Exhibit 161: Workhorse Group Inc. – Product / Service
• Exhibit 162: Workhorse Group Inc. – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 163: Inclusions checklist
• Exhibit 164: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 165: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 166: Research methodology
• Exhibit 167: Validation techniques employed for market sizing
• Exhibit 168: Information sources

• 13.5 List of abbreviations 
• Exhibit 169: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/urban-air-mobility-market-to-grow-at-a-cagr-of-27-5-from-2022-to-2027–growth-driven-by-the-growing-use-of-evtol-aircraft-in-military-applications—technavio-301887553.html

SOURCE Technavio

Source link

Private Internet Access gives you unparalleled access to thousands of next-gen servers in over 83 countries and each US state. Your VPN experience will always be fast, smooth, and reliable.