How is Increasing Road Congestion Driving Urban Air Mobility Market?

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Urban Air Mobility Set to Transform Travelling in
Future
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Urban air mobility basically refers to the urban
transportation systems that provide air commuting
options to the people. In many major cities and
towns, these solutions are rapidly becoming
popular, because of the rising road traffic
congestion. For example, it has been observed
with the help of surveys and studies that the
people in the U.S. spend, on an average, 90 hours
in traffic jams every year. Furthermore, due to
these long traffic jams, their expenditure on
travelling increases by more than 1,000 each
year. Besides the surging road traffic, the
increasing population levels and number of
vehicles have also increased the incidence of
road accidents, particularly in the developing
nations such as India, China, and Indonesia.
Additionally, many travel and transportation
companies are increasingly testing autonomous
aerial systems for everyday commuting in many
countries around the world. Due to these factors,
the value of the global urban air mobility (UAM)
market is predicted to rise from 895.0 million
to 6,889.4 million from 2023 to 2030. The market
is also predicted to exhibit a CAGR of 33.9 from
2023 to 2030.
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Passenger and cargo aircrafts are the two main
types of UAM systems available in the market.
Between the two, the adoption of passenger
aircrafts will be higher in the coming years.
Additionally, these aircrafts will generate huge
revenue in the urban air mobility market in
future, on account of the fact that the tariffs
for these services would be kept much higher
than that of the cargo planes, owing to their
higher demand, especially in the major
cities. These urban aircrafts have two types of
operating systems namely autonomous and piloted
systems. Of these, the adoption of autonomous
operating systems will be higher in the urban
mobility systems during 20202030. This is
mainly credited to the fact that the planes
running on autonomous operating systems are
preferred for use in both passenger and cargo
services by both the customers and manufacturers
over the piloted aircrafts. Furthermore, various
aircraft manufacturing companies, infrastructure
providers, and researchers working on airspace
integration are increasingly making huge
investments in autonomous air mobility solutions
in order to develop better autonomous aircrafts.
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In the future years, Europe will observe the
fastest growth in the adoption of UAM solutions
as compared to the other regions in the world, as
per the calculations of PS Intelligence, a
market research company. This is ascribed to the
soaring investments being made in France and
Germany for increasing the procurement rate of
the electric vertical takeoff and landing (eVTOL)
aircrafts for commercial services. Additionally,
the enhancing manufacturing capacities of the UAM
firms based in Europe and the rising adoption of
automated systems will further boost the adoption
of UAM solutions in the region in
future. Therefore, it can be said without any
hesitation that the demand for UAM solutions will
rise considerably throughout the world over the
next several years, primarily because of the
increasing prevalence of road accidents and
increasing traffic congestion in major urban
areas around the world.
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