Industry Background:
Urban Air Mobility is an Aviation industry term for providing on-demand and automated passenger and cargo-carrying air transportation services, flown without a pilot. In this market, Private and public entities will be willing to invest in and build key infrastructure requirements (e.g., receiving vessels, vertiports) to provide the necessary coverage for UAM operations. This market has technology challenges regarding cybersecurity of Autonomous systems including vehicles and UTM.This growth is primarily driven by Reduction in Human Intervention for Intercity and Intracity Transportation, Growing Investment Activities and Increase Focus On Noise Abatement and Safety Systems.
Globally, a noticeable market trend is evident Improvement in Communications Technology
. Major Manufacturers, such as Honeywell (United States), Airbus (Netherlands), Bell helicopters (United States), Boeing (United States), Uber (United States), Kitty Hawk (United States), Lilium (Germany), EHang (China) and Volocopter (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In Jun 2019, Honeywell and Vertical Aerospace announced the partnership to address the technical, regulatory and business challenges of the emerging urban air mobility segment.
Regulatory Insights:
Air Taxi, Ambulance, and Airport Shuttle UAM markets share common regulatory barriers. There will be challenges in determining which of the existing FAA certification standards apply to the types of vehicles being considered for the Air Taxi or Air Ambulance UAMs, and/or how existing certification standards can be met or should be amended
Market Drivers
- Reduction in Human Intervention for Intercity and Intracity Transportation
- Growing Investment Activities
- Increase Focus On Noise Abatement and Safety Systems
Market Trend
- Improvement in Communications Technology
- Energy Storage Optimization
- Analytics and Artificial Intelligence Improvements
Restraints
- Costs of Key Technologies Currently On the Market (E.G., Lidar, Battery Storage, Sensing and Navigation Systems) Will Decline Significantly
- Competition from Emerging Technologies and Concepts like Shared Electric and Autonomous Cars, And Fast Trains
- Disruptions to Operations during Significant Adverse Conditions
Opportunities
Opportunity to Add a Rapid Mobility Option to Combat Growing Congestion and Strong Opportunities for Businesses and Entrepreneurs in Vehicle Development and Manufacturing
Challenges
Low Public Confidence in UAM Safety, High Cost of Service and Adverse Weather Can Significantly Affect Aircraft Operations
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Urban Air Mobility Study Sheds Light on
The Urban Air Mobility Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Urban Air Mobility industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Urban Air Mobility industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.