Urban Air Mobility Market Innovation Technology Fastest Growing Industry
Key Players
The key players in the global Urban Air Mobility market are Airbus Group (France), Boeing (US), Volocopter GmbH (Germany), Honeywell International Inc. (US), Aurora Flight Sciences (US), Embraer SA (Brazil), PIPISTREL (Slovenia), Bell Helicopter Textron Inc. (US), Neva Aerospace (UK), Delorean Aerospace LLC (US), Kitty Hawk (US), Lilium (Germany), EHang (China), Workhorse Group Inc. (US), and Joby Aviation (US).
Market Highlights
UAM is a safe and efficient system for air passenger and cargo transportation within an urban area, inclusive of small package delivery and other urban Unmanned Aerial Systems (UAS) services, which supports a mix of onboard/ground-piloted and increasingly autonomous operations. Government agencies, industries, and other organizations are all actively gauging the prospect for UAM to disrupt the market and create new and innovative business models.
Going forward, UAMs are expected to be largely used for various industrial applications, including civilian, last mile delivery, transport and logistics, aerial imaging systems, medical air rescue, and road traffic patrol, among others. This creates a pool of opportunity for such services providers to bring new ways for people to travel around cities and urban areas while reducing congestion.
Several major strategic developments have been undertaken on the VTOL and air taxi front, which have high growth potential. The key players in the market have invested extensively in product innovations and technological advancements. New and existing players in the urban air mobility market are expected to see sizable growth during the forecast period.
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