The influx of established aerospace, automotive and technology companies into the urban air mobility (UAM) market, backed by technological advancements and government initiatives, is expected to drive the air taxi market. Air taxi operations are forecast to commence in 2022 in the Middle East and grow at a compound annual growth rate (CAGR) of 45.9% to reach 430,000 units in operation globally by 2040.
“The United Arab Emirates (UAE), New Zealand, and Singapore are expected to be the first adopters of air taxis, while Brazil and Mexico, too, will be early adopters by leveraging their helicopter taxi expertise,” said Joe Praveen Vijayakumar, Mobility Senior Industry Analyst at Frost & Sullivan. “Globally, almost 50 cities are considering the feasibility of UAM, and most of the applications are focused on cargo drones, which will eventually open up the market for passenger UAM vehicles.”
Frost & Sullivan’s recent analysis, Analysis of Urban Air Mobility and the Evolving Air Taxi Landscape, 2019, studies the current trends in the UAM market and how they are likely to evolve. It assesses the need for these vehicles, vehicle models, application areas, key players for inter- and intra-city taxi services, and presents strategic recommendations. It analyzes the potential for air taxi services in the future and the supporting ecosystem required.
For further information on this analysis, please visit: http://frost.ly/3×2
“Safety, noise levels from propulsion, infrastructure for landing and take-off in urban areas, and favorable regulations will be key focus areas for the commercialization of air taxis,” noted Vijayakumar. “Original equipment manufacturers will be looking to especially invest in hybrid fuel systems, lightweight high-strength composite materials, and alternative energy sources such as solar and lightweight high-capacity batteries to achieve fuel efficiency and longer range.”
With the increase in the number of UAM vehicles, there will be a range of growth opportunities for support services such as pilot training, servicing, repairing, and maintenance. UAM companies can optimally tap the market by:
Incorporating multiple fail-safe mechanisms in their vehicles to instill confidence in potential passengers.
Collaborating with companies developing innovative next-generation rotors and propellers that can muzzle sound.
Establishing the support infrastructure, including landing and take-off stations, passenger waiting lounges, and landing pads, in residential buildings.
Developing internal cybersecurity capabilities or acquiring cybersecurity start-ups to safeguard their vehicles.
Analysis of Urban Air Mobility and the Evolving Air Taxi Landscape, 2019 is part of Frost & Sullivan’s global Automotive & Transportation Growth Partnership Service program.
- Bell Unveils New Manufacturing Technology Center
- Helicentre Aviation Extends 2020 Scholarships Deadline
- AIRO Group buys Aspen Avionics
- New Weather Layers in Profile in ForeFlight’s Latest Release
- Final five Mi-8MTV-5-1 delivered to Russian military ahead of schedule
- Helicopter Online Ground School launches two new courses
- HAI launches annual Salute to Excellence Awards
- Belgium cuts military helicopter flying in half
- Prestwick SAR base passes 1,500 taskings milestone
- Great Western Air Ambulance encourages use of What3Words
- Iran unveils new laser-guided missiles for helicopter fleet
- Rostec began flight tests of the newest helicopter for special forces Mi-8AMTSh-VN
- EDA sets up Multinational Helicopter Training Centre for Sintra
- Entrol welcomes HELISEVEN to its client list
- 08-Aug-20 N….. Bell 206 Marathon, US-Texas (3F)
- EASA SIB 2020-13 Provision of ground handling services at aerodromes following COVID-19 outbreak
- Lydd SAR base passes 1,000 taskings milestone
- Boeing Receives $265 Million Chinook Helicopter Order
- Churchill Navigation and Shotover Camera Systems Merge
- USAIG expands safety collaboration with Airbus