Globally, the market for urban air mobility is rapidly evolving. From 2023, the market is expected to begin particularly in the megacities, including the U.S., Germany, France, Singapore, Dubai, and others, as the testing are underway at various locations. The market scenario in the countries are expected to differ, as there are different rules and regulations for urban air mobility operations. Based on the expert interviews and research, it is expected that market will take-off from 2023.

Read Report Overview: https://bisresearch.com/industry-report/urban-air-mobility-market.html

The competitive landscape of the urban air mobility market includes different strategies undertaken by the key stakeholders to gain market presence. As urban air mobility market is under development and testing phase, all the stakeholder companies are working together to assist government and regulatory authorities for drafting rules and regulations.

Some of the strategies adopted by the companies are product launches and developments, partnerships, collaborations, and acquisitions. The aircrafts manufacturers are conducting research and development activities for the development of advanced VTOL and eVTOL aircrafts. Uber is running its “Uber elevate” program that includes the development of fully-electric aircraft for passenger transportation. The company plans to demonstrate its technology by 2020, followed by fully operation aircraft by 2023. The company has also partnered with various aircraft and technology manufacturers for the development of eVTOL flying cars. For instance, Pipistrel Aircraft, Aurora Flight Sciences, Embraer, Bell Helicopter, and Karem are the companies that are working with Uber on its UberAIR project.

Numerous investments have taken place in the recent past in the urban air mobility market, which shows the degree of interest of industry leaders in this platform. However, the challenge lies in coordinating these endeavors, keeping in mind the regulatory and infrastructure framework in order to support these services.

It is anticipated that as the technology further develops, the urban air mobility infrastructure and concept will need better lucidity through necessary procedures to be undertaken by both regulatory authorities and industry players. The market is likely to grow rapidly with the innovation of more electric aircraft with longer endurance. The existing companies as well as new entrants developing next-generation VTOL solutions could benefit from this untapped market potential.

The need for transportation and logistics is increasing with the demand of unmanned aerial vehicles. Fast and efficient delivery of goods is the major factor driving the need for aerial vehicles for transportation and logistics. Logistics and transportation incudes shipping, warehousing, software, and infrastructure. Moreover, the rising demand for analytical solutions is also increasing the need of efficient transportation and logistics. When aerial vehicles and urban air mobility are implemented in the existing environment, an increased speed for delivery and transportation is expected to be available to people. Drones majorly contribute in the logistics and transportation, as they can efficiently transport small and medium packages, medical supplies, food delivery, organizing warehouse, and others. Moreover, with the increasing population and limited transportation, an alternate efficient mode of transportation is necessary.

Obtain the Sample Report at: https://bisresearch.com/requestsample?id=689&type=download

The report constitutes an extensive study of the global urban air mobility (UAM) market. The report focuses largely on providing market information on UAM, covering a detailed analysis of different segments, aircraft type, infrastructure, use case, operations, travel range, and region. In addition to this, it focuses on the major driving forces, challenges, and growth opportunities of the global urban air mobility market. The major players have been identified on the basis of their R&D spending in the UAM market, regional presence, and developments related to the UAM market.

About BIS Research:

BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.

With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.

Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.

As a leading market intelligence provider, BIS Research stands out of the crowd by complementing the data with valuable insights and actionable inputs for the client's success.

Contact:

Bhavya Banga

Email: [email protected]

BIS Research Inc.

39111 PASEO PADRE PKWY STE 313,

FREMONT CA 94538-1686

Visit our Blog @ https://blog.bisresearch.com/

Connect with us on LinkedIn @ https://www.linkedin.com/company/bis-research

Connect with us on Twitter@ https://twitter.com/BISResearch