The North American urban air mobility market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 13.0% during the forecast period. Some of the major factors that contribute to the growth of the market include a large number of start-ups and companies working in the field of urban air mobility and the ability to spend a high amount on urban mobility by the people. In addition, the air ambulance market is also expected to have a major market in the region due to insurance coverage of air ambulance in an emergency condition. Innovations by e-commerce companies such as Amazon.com in the field of logistics operations is also one of the major factors providing a significant opportunity to the market in the region.
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Canada is expected to contribute significantly in the near future in the market owing to various projects being held in the country. For instance, in October 2018, the first urban drone project, BVLOS UAS was completed. It was carried by commercial drone operator IN-FLIGHT Data and fixed-wing drone solutions provider senseFly in Calgary. It was aimed at collecting mapping data of the city. In the same month, the city started its Point Trotter Autonomous Systems Testing Area (Point Trotter ASTA) for companies to test drones, autonomous vehicles at a low cost. The site offers 125 acres of land available for testing purposes. Fees for one week or less are $190 whereas maximum fees of six months are $380.
The North American urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. The infrastructure segment is further segmented into charging stations, traffic management, and others whereas, the platform segment is further classified into air taxi, personal air vehicle, air ambulance, and others. The platform segment dominated the global urban air mobility market.
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North American Urban Air Mobility Market Segmentation
By Component
- Infrastructure
- Platform
By Operation
- Piloted
- Autonomous
Regional Analysis
- United States
- Canada
Company Profiles
- Airspace Experience Technologies, Inc.
- Aurora Flight Sciences Corp.
- Bell Textron, Inc.
- DeLorean Aerospace, LLC
- Honeywell International, Inc.
- Hoversurf
- Kitty Hawk Corp.
- Opener, Inc.
- Verdego Aero Inc.
- Workhorse Group, Inc.
- XTI Aircraft Co.
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