Urban Air Mobility (UAM) Market Future Outlook 2035

res

The U.S. Urban Air Mobility (UAM) Market Table of Content

Focus on Range, Application, Ecosystem, Operation, End-Use Industry, and Platform Architecture -Analysis and Forecast: 2023-2035 September 2021

1 All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

Attribution: https://pixabay.com/photos/tire-rim-car-mechanic-114259/

BIS Research is a leading market intelligence and technology research company. BIS Research publishes indepth market intelligence reports focusing on the market estimations, technology analysis, emerging highgrowth applications, deeply segmented granular country-level market data and other important market

Copyright © 2021 BIS Research Inc. All Rights Reserved. This document contains highly confidential information and is the sole property of BIS Research. Disclosing, copying, circulating, quoting or otherwise reproducing any or all contents of this document is strictly prohibited. Access to this information is provided exclusively for the benefit of the people or organization concerned. It may not be accessed by or offered whether for sale or otherwise to any third party.

2 All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

parameters useful in the strategic decision making for senior management. BIS Research provides multi-client reports, company profiles, databases, and custom research services.

Table of Content Executive Summary ........................................................................ 14 1.

Markets .................................................................................... 18 1.1

Industry Outlook .............................................................................................. 19

1.1.1 Urban Air Mobility Market: Overview ......................................................... 19 1.1.2 U.S. Regulatory Framework ........................................................................ 20 1.1.2.1

Federal Aviation Administration (FAA) .............................................................. 20

1.1.3 Investment Scenario: Start-Ups and Stakeholders in UAM Market......... 20 1.1.4 U.S. Leading Manufacturers, Products, and Technical Specifications .............................................................................................. 23 1.2

Business Dynamics ......................................................................................... 25

1.2.1 Business Drivers ......................................................................................... 26 1.2.1.1

Growing Need for an Alternate Mode of Transportation in Urban Mobility ........ 26

1.2.1.2

Demand for an Efficient Mode of Logistics and Transportation Service ............ 26

1.2.1.3

Adoption of Urban Air Mobility Due to Environmental Concerns ....................... 26

1.2.2 Business Challenges .................................................................................. 27 1.2.2.1

Short-Term Challenges .................................................................................... 27

1.2.2.1.1

1.2.2.2

Impact of COVID-19 on Urban Air Mobility Market .................................................. 27

Long-Term Challenges ..................................................................................... 27

1.2.2.2.1

Lack of Technology in Infrastructure in Megacities.................................................. 27

1.2.3 Key Business Developments ..................................................................... 28

1.2.5 Corporate Strategies ................................................................................... 29 1.2.6 Business Opportunities .............................................................................. 30 1.2.6.1

2.

Increasing Demand for Air Ambulance Vehicles ............................................... 30

Application ............................................................................... 31 2.1

Overview ........................................................................................................... 32

2.2

U.S. Urban Air Mobility Market – By Range ................................................... 32

2.2.1 <20 km .......................................................................................................... 33 2.2.2 20 km - 100 km ............................................................................................. 33 3 All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

1.2.4 Business Strategies .................................................................................... 29

2.2.3 100 km - 400 km ........................................................................................... 33 2.2.4 >400 km ........................................................................................................ 33 2.2.4.1

2.3

Demand Analysis for U.S. Urban Air Mobility Market (by Range) ..................... 34

U.S. Urban Air Mobility Market (by Application) ........................................... 34

2.3.1 Passenger Transportation .......................................................................... 34 2.3.2 Cargo Transportation .................................................................................. 35 2.3.3 Medical and Emergency Aid Transportation ............................................. 35 2.3.4 Food Delivery ............................................................................................... 35 2.3.4.1

3.

Demand Analysis for U.S. Urban Air Mobility Market (by Application) .............. 36

Products .................................................................................. 37 3.1

Overview ........................................................................................................... 38

3.2

U.S. Urban Air Mobility Market (by Ecosystem) ............................................ 38

3.2.1 Platform ........................................................................................................ 38 3.2.1.1

Delivery Drones................................................................................................ 38

3.2.1.2

eVTOLs ............................................................................................................ 39

3.2.1.2.1

Air Taxi ..................................................................................................................... 39

3.2.1.2.2

Personal Air Vehicles ............................................................................................... 39

3.2.1.2.3

Air Ambulance and Medical Transportation Vehicles .............................................. 39

3.2.1.3

Demand Analysis for U.S. Urban Air Mobility Market (by Platform)................... 40

3.2.1.3.1

U.S. Urban Air Mobility Market (by Utilization - Flight Hours, Number of Delivery Drones/eVTOLs and Trips per Year) ........................................................ 41

3.3

3.2.2.1

UTM ................................................................................................................. 43

3.2.2.2

Vertiports.......................................................................................................... 43

3.2.2.3

Charging Stations............................................................................................. 43

U.S. Urban Air Mobility Market (by Operation) .............................................. 44

3.3.1 Piloted Operation......................................................................................... 45 3.3.2 Optionally Piloted ........................................................................................ 45 3.3.3 Autonomous Operation .............................................................................. 45 3.3.3.1

3.4

Demand Analysis for U.S. Urban Air Mobility Market (by Operation) ................ 46

U.S. Urban Air Mobility Market (by End-Use Industry) ................................. 46

3.4.1 E-commerce ................................................................................................. 46 4 All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

3.2.2 Infrastructure ............................................................................................... 42

3.4.2 Healthcare .................................................................................................... 46 3.4.3 Food Delivery ............................................................................................... 47 3.4.4 Transportation and Logistics ..................................................................... 47 3.4.5 Tourism ........................................................................................................ 47 3.4.6 Others ........................................................................................................... 47 3.4.6.1

3.5

Demand Analysis for U.S. Urban Air Mobility Market, by End-Use Industry ...... 47

U.S. Urban Air Mobility Market (by Platform Architecture) .......................... 49

3.5.1 Fixed Wing ................................................................................................... 49 3.5.2 Rotor Wing ................................................................................................... 49 3.5.3 Others ........................................................................................................... 50

4.

3.5.3.1

Tilt Rotor .......................................................................................................... 50

3.5.3.2

Thrust Vector Control ....................................................................................... 50

3.5.3.3

Demand Analysis for U.S. Urban Air Mobility Market, by Platform Architecture ...................................................................................................... 50

Markets - Competitive Benchmarking & Company Profiles ........ 52 4.1

Competitive Benchmarking ............................................................................ 53

4.2

Acubed-Airbus ................................................................................................. 55

4.2.1 Company Overview ..................................................................................... 55 4.2.1.1

Role of Acubed-Airbus in U.S. Urban Air Mobility Market ................................. 55

4.2.1.1.1

Product Portfolio....................................................................................................... 56

4.2.2 Business Strategies .................................................................................... 56 4.2.2.1

Product Developments and Demonstrations .................................................... 56

4.2.3.1.1

Partnerships ............................................................................................................. 57

4.2.4 Strengths and Weaknesses of Acubed-Airbus ......................................... 57 4.2.5 R&D Analysis ............................................................................................... 58 4.3

Airspace Experience Technologies, Inc. ....................................................... 59

4.3.1 Company Overview ..................................................................................... 59 4.3.1.1

Role of Airspace Experience Technologies, Inc. in U.S. Urban Air Mobility Market .............................................................................................................. 59

4.3.1.2

Product Portfolio............................................................................................... 59

5 All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

4.2.3 Corporate Strategies ................................................................................... 57

4.3.2 Business Strategies .................................................................................... 60 4.3.2.1

Product Developments ..................................................................................... 60

4.3.3 Corporate Strategies ................................................................................... 60 4.3.3.1

Memorandum of Understanding ....................................................................... 60

4.3.4 Strengths and Weaknesses of Airspace Experience Technologies, Inc. ................................................................................................................ 60 4.4

Aurora Flight Sciences .................................................................................... 61

4.4.1 Company Overview ..................................................................................... 61 4.4.1.1

Role of Aurora Flight Sciences in U.S. Urban Air Mobility Market ..................... 61

4.4.1.2

Product Portfolio............................................................................................... 61

4.4.2 Corporate Strategies ................................................................................... 62 4.4.2.1

Corporate Strategies ........................................................................................ 62

4.4.3 Strengths and Weaknesses of Aurora Flight Sciences ............................ 62 4.5

Bell Textron Inc. ............................................................................................... 63

4.5.1 Company Overview ..................................................................................... 63 4.5.1.1

Role of Bell Textron Inc. in U.S. Urban Air Mobility Market ............................... 63

4.5.1.2

Product Portfolio............................................................................................... 64

4.5.2 Business Strategies .................................................................................... 64 4.5.2.1

Product Developments and Launches .............................................................. 64

4.5.3 Corporate Strategies ................................................................................... 64 4.5.3.1

Partnership....................................................................................................... 64

4.5.4 Strengths and Weaknesses of Bell Textron Inc ........................................ 65 DELOREAN AEROSPACE, LLC ...................................................................... 66

4.6.1 Company Overview ..................................................................................... 66 4.6.1.1

Role of DELOREAN AEROSPACE, LLC in U.S. Urban Air Mobility Market .............................................................................................................. 66

4.6.1.2

Product Portfolio............................................................................................... 66

4.6.2 Strengths and Weaknesses of DELOREAN AEROSPACE, LLC .............. 66 4.7

EVE Air Mobility ............................................................................................... 67

4.7.1 Company Overview ..................................................................................... 67 4.7.1.1

Role of Eve Air Mobility in U.S. Urban Air Mobility Market ................................ 67

4.7.1.2

Product Portfolio............................................................................................... 67 6

All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

4.6

4.7.2 Business Strategies .................................................................................... 68 4.7.2.1

Business Expansion ......................................................................................... 68

4.7.3 Corporate Strategies ................................................................................... 68 4.7.3.1

Collaboration .................................................................................................... 68

4.7.4 Strengths and Weaknesses of Eve Air Mobility ........................................ 68 4.8

Jaunt Air Mobility LLC ..................................................................................... 69

4.8.1 Company Overview ..................................................................................... 69 4.8.1.1

Role of Jaunt Air Mobility LLC in U.S. Urban Air Mobility Market ...................... 69

4.8.1.2

Product Portfolio............................................................................................... 69

4.8.2 Corporate Strategies ................................................................................... 70

4.9

4.8.2.1

Partnerships and MoUs .................................................................................... 70

4.8.2.2

Agreements and Acquisitions ........................................................................... 70

4.8.2.3

Strengths and Weaknesses of Jaunt Air Mobility LLC ...................................... 71

Joby Aviation ................................................................................................... 72

4.9.1 Company Overview ..................................................................................... 72 4.9.1.1

Role of Joby Aviation in U.S. Urban Air Mobility Market ................................... 72

4.9.1.2

Product Portfolio............................................................................................... 72

4.9.2 Corporate Strategies ................................................................................... 73 4.9.2.1

Merger, Agreement, and Acquisitions ............................................................... 73

4.9.3 Strengths and Weaknesses of Joby Aviation ........................................... 73 4.10

Kitty Hawk ........................................................................................................ 74

4.10.1 Company Overview ..................................................................................... 74

4.10.1.2 Product Portfolio............................................................................................... 74

4.10.2 Corporate Strategies ................................................................................... 75 4.10.2.1 Partnerships ..................................................................................................... 75

4.10.3 Strengths and Weaknesses of Kitty Hawk ................................................ 75 4.11

Opener .............................................................................................................. 76

4.11.1 Company Overview ..................................................................................... 76 4.11.1.1 Role of Opener in U.S. Urban Air Mobility Market............................................. 76 4.11.1.2 Product Portfolio............................................................................................... 76 7 All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

4.10.1.1 Role of Kitty Hawk in U.S. Urban Air Mobility Market ........................................ 74

4.11.2 Business Strategies .................................................................................... 77 4.11.2.1 Award and Expansion ...................................................................................... 77

4.11.3 Strengths and Weaknesses of Opener ...................................................... 77 4.12

Other Key Players ............................................................................................ 78

4.12.1 Electra Aero, Inc. ......................................................................................... 78 4.12.2 Honeywell International Inc. ....................................................................... 78 4.12.3 Overair, Inc. .................................................................................................. 79 4.12.4 Trek Aerospace, Inc. ................................................................................... 79 4.12.5 Varon Vehicles Corporation ....................................................................... 80 4.12.6 Wing Aviation LLC....................................................................................... 80 4.12.7 Wisk Aero LLC ............................................................................................. 80

Research Methodology ............................................................. 81

8 All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

5.

List of Figures Figure 1:

U.S. Urban Air Mobility Market, $Million, 2023-2035

Figure 2:

U.S. Urban Air Mobility Market (by Operation), $Million, 2023 and 2035

Figure 3:

U.S. Urban Air Mobility Market (by Range), $Million, 2023 and 2035

Figure 4:

U.S. Urban Air Mobility Market Coverage

Figure 5:

U.S. Urban Air Mobility Market, Business Dynamics

Figure 6:

Share of Key Business Developments, 2018-2020

Figure 7:

Business Strategies by Key Players, 2018-2020

Figure 8:

Corporate Strategies by Key Players, 2018-2020

Figure 9:

Classification of U.S. Urban Air Mobility (by Application)

Figure 10: Classification of U.S. Urban Air Mobility (by Range) Figure 11: Classification of U.S. Urban Air Mobility Market (by Product) Figure 12: U.S. Urban Air Mobility Market for Delivery Drones, by Flight Hours, 2023-2035 Figure 13: U.S. Urban Air Mobility Market for eVTOLs, by Flight Hours, 2023-2035 Figure 14: Classification of U.S. Urban Air Mobility Market (by Platform Architecture) Figure 15: U.S. Urban Air Mobility Market Competitive Benchmarking Figure 16: Airbus R&D, $Billion, (2018-2020) Figure 17: Research Methodology Figure 18: Top-Down and Bottom-Up Approach Figure 19: U.S. Urban Air Mobility Supply Market Influencing Factors

9 All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

Figure 20: Assumptions and Limitations

List of Tables Table 1:

U.S. Start-ups Funding, January 2015- March 2021

Table 2:

Technical Data of Key Products

Table 3:

Impact Analysis of Market Drivers

Table 4:

U.S. Urban Air Mobility Market (by Range), $Million, 2023-2035

Table 5:

U.S. Urban Air Mobility Market (by Application through Delivery Drones), $Million, 2023-2035

Table 6:

U.S. Urban Air Mobility Market (by Application through eVTOLs), $Million, 2023-2035

Table 7:

U.S. Urban Air Mobility Market (by Platform), $Million, 2023-2035

Table 8:

U.S. Urban Air Mobility Market for Delivery Drones, by Number of Delivery Drones and Trips Per Year, 2023-2035

Table 9:

U.S. Urban Air Mobility Market for eVTOLs, by Number of eVTOLs and Trips Per Year, 20232035

Table 10: Classification of Aircraft Type by Mode of Operation Table 11: U.S. Urban Air Mobility Market (by Operation), $Million, 2023-2035 Table 12: U.S. Urban Air Mobility Market, by End-use Industry (through Drones), $Million, 2023-2035 Table 13: U.S. Urban Air Mobility Market, by End-use Industry (through eVTOLs), $Million, 2023-2035 Table 14: U.S. Urban Air Mobility Market (by Platform Architecture), $Million, 2023-2035 Table 15: Benchmarking and Weightage Parameters Table 16: Acubed-Airbus: Product Portfolio Table 17: Acubed-Airbus Product Developments and Demonstrations Table 18: Acubed-Airbus Partnership Table 19: Airspace Experience Technologies, Inc. Product Portfolio Table 20: Airspace Experience Technologies, Inc. Product Developments Table 21: Airspace Experience Technologies, Inc. Memorandum of Understanding Table 22: Aurora Flight Sciences: Product Portfolio Table 23: Aurora Flight Sciences MoUs and Agreements

Table 25: Bell Textron Inc. Product Developments and Launches Table 26: Bell Textron Inc. Partnership Table 27: DELOREAN AEROSPACE, LLC Product Portfolio Table 28: Eve Air Mobility Product Portfolio Table 29: Eve Air Mobility Business Expansion Table 30: Eve Air Mobility Collaboration Table 31: Jaunt Air Mobility LLC: Product Portfolio Table 32: Jaunt Air Mobility LLC Partnerships and MoUs Table 33: Jaunt Air Mobility LLC Agreements and Acquisitions Table 34: Joby Aviation Product Portfolio Table 35: Joby Aviation Merger, Agreement, and Acquisitions 10 All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

Table 24: Bell Textron Inc.: Product Portfolio

Table 36: Kitty Hawk: Product Portfolio Table 37: Kitty Hawk Partnerships Table 38: Opener: Product Portfolio

11 All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

Table 39: Opener Award

Acronyms

Descriptions

ATC

Air Traffic Control

AAM

Advanced Air Mobility

Air EMS

Air Emergency Medical Service

ATM

Air Traffic Management

AUV

Air Utility Vehicles

AAV

Autonomous Aerial Vehicle

APT

Autonomous Pod Transport

BVLOS

Beyond Visual Line of Sight

B2B

business-to-business

B2C

business-to-consumer

ConOps

Concept of Operations

DARPA

Defense Advanced Research Projects Agency

eVTOL

electric vertical take-off and landing

EAA

Experimental Aircraft Association

FAA

Federal Aviation Administration

CAAM

Canadian Advanced Air Mobility Consortium

HEMS

Helicopter Emergency Medical Services

ICAO

International Civil Aviation Organization

IoD

Internet of Drones

IoT

Internet of Things

MoU

Memorandum of Understanding

NAIAS

North American International Auto Show

PAV

Passenger Air Vehicle

STOL

Short Take Off and Landing

12 All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

List of Acronyms

Department of Transportation

UAVs

Unmanned Aerial Vehicles

UTM

Unmanned Aircraft System Traffic Management

UAS

Unmanned Aircraft Systems

UAM

Urban Air Mobility

UATM

Urban Air Traffic Management

VTOL

Vertical Take-Off and Landing

13 All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

DOT

Disclaimer BIS Research Inc. provides valuable market intelligence to an exclusive group of customers in response to orders. The report is licensed for the customer's internal use only and is subject to restrictions set henceforth.

This document and its contents are confidential and may not be further distributed, published or reproduced, in whole or in part, by any medium or in any form for any purpose, without the express written consent of BIS Research Inc. Customer will not disclose the contents of the report, whether directly in any media or indirectly through incorporation in a database, marketing list, report or otherwise, or use or permit the use of Information to generate any statistical or other information that is or will be provided to third parties; or voluntarily produce Information in legal proceedings.

Market reports are based on expectations, estimates and projections as of the date such information is available. Any recommendation contained in this report may not be suitable for all investors or businesses.

The market conclusions drawn are necessarily based upon a number of estimates and assumptions that, while considered reasonable by BIS Research Inc. as of the date of such statements, are inherently subject to market fluctuations and business, economic and competitive uncertainties and contingencies

For more details regarding permission, please contact us: Email: sales@bisresearch.com

14 All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

Tel: +1 510 404 8135

39111 Paseo Padre PKWY, Suite 313 Fremont, CA 94538 -1686 E-mail: hello@bisresearch.com | Call Us: +1-510-404-8135

Global Delivery Center Tower B First Floor, Tapasya Corporate Heights, Greater Noida Expressway, Sector 126, Noida, U.P., 201303, India Tel: +91 120 4261540 / 4261544

www.bisresearch.com 15 All rights reserved at BIS Research Inc.

The U.S. Urban Air Mobility (UAM) Market

BIS RESEARCH INC.