Urban Air Mobility Market Share Forecast to Witness Considerable Growth from 2019 To 2027

Urban Air Mobility Market Thrives on Growing Road Traffic Congestion

The global urban air mobility market is likely to observe steady growth in the next few years due to the high traffic congestion on roads. Urban air mobility, also known as UAM, is an industry term that is used to refer cargo or passenger carrying, highly automated, and on demand services of air transportation. It is an innovative mode of transportation to circumvent traffic congestion on road.

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Road congestion has been troubling numerous cities and suburban areas across the globe, which is why the global urban air mobility market is expected to grow rapidly over the projection period. It is no more a scene from a sci-fi movie to see vertical take-off and landing (VTOL) flights carrying passengers and cargos over a short distance.

The global urban air quality market is driven by the following factors

  • High congestion on road
  • Increased focus on the sustainability of environment
  • Augmented concern for safety of human lives

Powered by electricity, urban air mobility system leverages the availability of low altitude, uncluttered airspace to carry one to five passengers over a distance of five to fifty miles. These aircrafts fly at an altitude ranging from 500 to 5000 feet above the ground level. This mode of transportation do not add to the already existing traffic congestion or environmental pollution. These factors propel the global urban air mobility market toward rapid growth.

Global Urban Air Mobility Market: Notable Developments

Below are a few notable developments in the global urban air mobility market:

  • Sikorsky has developed new Sikorsky Autonomy Research Aircraft (SARA) using the MATRIX technology. It offers a highly safe flying experience in autonomous aircraft in an obstacle-rich environment. It functions by combining the hardware and software components, thus enabling the successful execution of the mission. In addition to this, it significantly reduces the lifecycle and operating cost of the flight and its performance agnostic design enables mission tailoring. Incorporation of this technology helped the urban air mobility market expand its global footprints.
  • Currently, among several urban air mobility projects in the pipeline Cora is one. Cora is remotely piloted and is currently under testing in New Zealand and California. Whilst urban air mobility aircraft of Kitty Hawk – Flyer- operating as an ultralight aircraft in the U.S. is free of regulatory issues. Moreover, it has a fly-by-wire control system that offers simplified controls. Such UAM projects have served as a focal point for the growth of the global urban air mobility market.

Prominent players in the global urban air mobility market include:
Kitty Hawk, EHang, Boeing, Aurora Flight Sciences, Bell Helicopter Textron Inc., Delorean Aerospace LLC, and Neva Aerospace.

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