City Air Mobility Market: $ 9 Billion By 2030?

Will the urban air mobility market be worth $ 9 billion by 2030? A new research report predicts it will – contains some more surprising predictions about the segment. The report “Urban Air Mobility Market By Components (Infrastructure, Platform), Platform Operation (Piloted, Autonomous), Reach (Intercity, Intracity), Platform Architecture, Unmanned Platform Systems, End User, and Region – Global Forecast to 2030“The market is projected to grow from $ 2.6 billion in 2020 to $ 9.1 billion in 2030, with an annual growth rate of 13.5% from 2020 to 2030.” The increasing demand for an alternative means of transport in urban mobility for commercial applications and technological innovations in unmanned technology are the main drivers for the market, ”reads the summary of the report.

The report also predicts that Europe, not Asia, will lead the market. “Countries in this region such as Germany, the UK and France are investing heavily in developing and sourcing advanced eVTOL systems for commercial operations,” the report said. “Advances in the manufacturing capacity of emerging economies in this region will drive the market.” Of course, Europe has played a crucial role in the debate on smart cities.

While companies like EHang are already seeing keen interest in their stocks, the report predicts that the infrastructure segment – vertiports, charging stations, air traffic management facilities, and maintenance locations – will be the fastest growing segment in the market. Researchers say this is partly due to the fact that they see interest in air mobility solutions for intercity transportation versus interest in intracity transportation. Unmanned freight transport could also play an important role in transportation between cities.

Ultimately, avionics will be a segment of the market that is getting a boost from the urban air mobility market. “The avionics segment is expected to lead from 2025 to 2030 as platform avionics systems evolve from remote-controlled aircraft to fully autonomous aircraft,” the executive summary reads. “A number of advanced avionics systems are an integral part of the platform for full autonomy.”

Miriam McNabb is editor-in-chief of DRONELIFE and CEO of JobForDrones, a marketplace for professional drone services, and a fascinating observer of the emerging drone industry and the regulatory environment for drones. Miriam has written over 3,000 articles focusing on the commercial drone space and is an international speaker and recognized figure in the industry. Miriam graduated from the University of Chicago and has over 20 years experience in high-tech sales and marketing for new technologies.
For advice or writing on the drone industry, email Miriam.

TWITTER: @spaldingbarker

Subscribe to DroneLife here.

Related Articles