The U.S. Urban Air Mobility (UAM) Market: Focus on Range, Application, Ecosystem, Operation, End-Use Industry, and Platform Architecture - Analysis and Forecast, 2023-2035

Report Highlights

U.S. Urban Air Mobility (UAM) Market is Projected to Reach $18.81 Billion by 2035

Market Report Coverage - The U.S. Urban Air Mobility (UAM)

Market Segmentation

• Range:400 km
• Application: Passenger Transportation, Cargo Transportation, Medical and Emergency Aid Transportation, and Food Delivery
• Operation: Piloted Operation, Optionally Piloted, and Autonomous Operation
• End-Use Industry: E-Commerce, Healthcare, Food Delivery, Transportation and Logistics, Tourism, and Others
• Platform Architecture: Fixed Wing, Rotor Wing, and Others

Market Growth Drivers

• Growing Need for an Alternate Mode of Transportation in Urban Mobility
• Demand for an Efficient Mode of Logistics and Transportation Service
• Adoption of Urban Air Mobility Due to Environmental Concerns

Market Challenges

• Lack of Technology in Infrastructure in Megacities

Market Opportunities

• Increasing Demand for Air Ambulance Vehicles

Key Companies Profiled

Acubed-Airbus, Airspace Experience Technologies, Inc., Aurora Flight Sciences, Bell Textron Inc., DELOREAN AEROSPACE, LLC, EVE Air Mobility, Jaunt Air Mobility LLC, Joby Aviation, Kitty Hawk, Opener

How This Report Can Add Value

Production / Innovation Strategy: The product segment helps the reader in understanding the different types of eVTOLs and delivery drones developed by the key companies in the U.S. urban air mobility market. Moreover, the study provides the reader a detailed understanding of U.S. urban air mobility market with respect to application (i.e., passenger transportation, cargo transportation, medical and emergency aid transportation, and food delivery, among others), range ( 400 km among others).

Growth / Marketing Strategy: Players operating in the U.S. urban air mobility market are developing innovative products and vehicles to enhance the capabilities of their product offerings and have been collaborating with other companies to establish a larger market presence in the industry. Growth/marketing strategies will help the readers in understanding the revenue-generating strategies adopted by the players operating in the U.S. urban air mobility market. For instance, to explore the development of hybrid-electric aircraft, Jaunt Air Mobility and VerdeGo Aero signed an MoU on 21 December 2020.

Key Questions Answered in the Report

• What are the futuristic trends in this market, and how is the market expected to change over the forecast years 2023-2035?
• What are the key drivers and challenges faced by the companies that are currently working in the U.S. urban air mobility market?
• How is the market expected to grow during the forecast period 2023-2035?
• What are the opportunities for the companies to expand their businesses in the urban air mobility market?
• What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?
• What is the current and future revenue scenario of this market?

U.S. Urban Air Mobility Market

The increase in traffic congestion and rapid growth of urbanization are the significant challenges faced by some of the mobility industry in the world today, and innovative solutions in urban mobility are important for a sustainable future. There are several new mobility initiatives such as automotive transportation-as-a-service, high-speed train concepts such as hyperloop, autonomous cars, and aerial transportation. Depending on the destination, travel distance, location of transportation, and duration of the journey, a passenger can select various modes of transportation. The concept of urban air mobility (UAM) was first realized in Sao Paulo, Brazil, where air mobility was provided by helicopters, The UAM adoption level in Brazil was higher than in Tokyo and New York City together.

U.S. Urban Air Mobility Industry Overview

The urban air mobility market is expected to create an entirely new industry. The manufacturers are continuously taking initiatives to develop various innovative infrastructural concepts, such as better tracking systems and efficient connectivity. The key development focus areas in the urban air mobility industry include improvements in battery technology and other forms of propulsion systems to offer longer ranges and endurances. Based on the recent developments in the U.S. urban air mobility market, aircraft prototypes have already been manufactured and tested in several countries. However, the regulatory framework that governs the urban air mobility industry is yet to certify the vehicles for commercial usage. It is expected that the cargo delivery drones will be commercialized by 2023, but the wide acceptance of passenger transportation is expected to be a bit slow.

The U.S. urban air mobility market is estimated to reach $18.81 billion in 2035, at a compound annual growth rate (CAGR) of 23.12% during the forecast period 2023-2035. The major driving factors for the huge revenues generated by the companies are the growing need for an alternate mode of transportation in urban mobility and demand for an efficient mode of logistics and transportation services.

Impact of COVID-19 on the U.S. Urban Air Mobility Market

The COVID-19 affected the global industries, and the U.S. urban air mobility market has been affected in some regions as well. The lockdown had completely stopped the production until July 2020 in some regions, but the research and development activities were not affected significantly. The companies are slowly opening up their plants amidst the pandemic following all the safety measures. The U.S. had imposed complete lockdown to prevent the widespread of the virus. Since most of the companies are well established, they had their reserves for raw materials and other components to continue with their manufacturing processes. Due to the vaccinations, the industries are expected to function at 100%.