About Vertical Mobility
Vertical mobility in transport generally refers to rotorcrafts and helicopters which help the transportation in the air. The primary aim of vertical mobility is the rapid transport of passengers and goods. Vertical mobility will be a new segment in urban transport in the upcoming years. Environmentally sustainable electric propulsion systems, high-performance batteries with incredibly fast charging times, reduced take-off and landing space needs, high-speed computers, and big data have paved the way for innovative new vertical mobility technologies. When it comes to aircraft systems to achieve this target; there are pros and cons for each system when it comes to speed, market time, ideal routes, and efficiency. With the increasing demand for rapid urban transport, the demand for vertical mobility is also increasing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 13.4% |
Market players are focusing on providing Cast Resin Current Transformers with higher quality along with complying all regulatory standards to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features to further offer qualified Cast Resin Current Transformers. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective product offerings. Besides, the numerous industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Vertical Mobility market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ehang UAV (United States), Volocopter GmbH (Germany), Airbus (France), Workhorse Group (United States), DJI (China), Aurora Flight Sciences (United States), Lilium GmbH (Germany), Embraer (Brazil), EHANG (China), SkyDrive (Japan), PIPISTREL (Slovenia) and Altavian (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Vertical Mobility market by , Application (Inspection, Goods Carrying Drones, Passenger Drones and Drone Related Services) and Region.
On the basis of geography, the market of Vertical Mobility has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle, the sub-segment i.e. Automatic Vehicles will boost the Vertical Mobility market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Speed, the sub-segment i.e. 70 - 120 km/hr will boost the Vertical Mobility market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operations, the sub-segment i.e. Intracity Travel will boost the Vertical Mobility market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Automatic Drones in Vertical Mobility and Adoption of Various Electrical Systems in Vertical Mobility
Market Growth Drivers:
Need of Rapid Goods and Passenger’s Transport and Need for Air Travel to Avoid Traffic and Other Delays
Challenges:
High Capital Expenses Required for Manufacture of Vertical Mobility Aircrafts and Lack of Skilled Workforce to Operate in Vertical Mobility
Restraints:
High Cost Associated with Vertical Mobility Transport
Opportunities:
Increasing R&D on Different Aircraft Systems Will Increase the Demand of Vertical Mobility and Growing Incentives Form Nations States for Development of Vertical Mobility Will Boost Its Demand
Market Leaders and their expansionary development strategies
In June 2023, Eve Air Mobility and Blade Air Mobility, Inc. announced at the 54th International Paris Air Show a significant extension of their long-standing partnership through a memorandum of understanding (“MoU”). This collaboration aims to transform air transportation in Europe, starting with France, by laying the foundation to integrate Eve’s state-of-the-art electric vertical take-off and landing aircraft (“eVTOL”) or electric vertical aircraft (“EVA”) into Blade’s European route network.
In December 2023, BKT, a vertical of Balkrishna Industries Ltd., an Indian multinational company and a global player in the Off-Highway tire market, introduced advanced All-Steel Radial tires at EXCON, the South-Asian trade fair held in Bengaluru. Elaborating on the ‘Bharat Ka Tire’ campaign Rajiv Poddar, Joint Managing Director, Balkrishna Industries Ltd. said, “At BKT, ‘Bharat Ka Tire’ is more than a campaign name
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Vertical Mobility Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.