Advancing UK Aerospace, Defence, Security & Space Solutions Worldwide
  • Home
  • /
  • Aerospace
  • /
  • Frost & Sullivan analyses UAM landscape up to 2040

Aerospace

Frost & Sullivan analyses UAM landscape up to 2040

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, according to recent analysis by Frost & Sullivan.


Courtesy PRNewsfoto / Frost & Sullivan

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."

Advertisement
Advanced Navigation RT

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 analyses the potential for air taxi services in the future and the supporting ecosystem required.
 
"Safety, noise levels from propulsion, infrastructure for landing and take-off in urban areas, and favorable regulations will be key focus areas for the commercialisation 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.
Advertisement
Marshall RT 2

Analysis of Urban Air Mobility and the Evolving Air Taxi Landscape, 2019 is part of Frost & Sullivan's global Automotive & Transportation Growth Partnership Service programme.

 

Advertisement
General Atomics LB
British Airways and Virgin Atlantic CEOs to speak at Sustainable Skies World Summit 2024

Aerospace

British Airways and Virgin Atlantic CEOs to speak at Sustainable Skies World Summit 2024

28 March 2024

Aviation leaders Shai Weiss, CEO of Virgin Atlantic and Sean Doyle, CEO of British Airways as keynote speakers at the Sustainable Skies World Summit 2024.

Airframe Designs helps to lead additive manufacturing industry body

Aerospace

Airframe Designs helps to lead additive manufacturing industry body

27 March 2024

Airframe Designs has joined a national industry body to help lead the development of additive manufacturing and 3D printing in the UK.

Leonardo secures presence at Bahrain International Airshow

Aerospace Defence Events

Leonardo secures presence at Bahrain International Airshow

26 March 2024

Italian aerospace, defence and security firm, Leonardo has secured its presence at the Bahrain International Airshow for the seventh year.

Made Smarter and tech institutes to demystify digital transformation

Aerospace

Made Smarter and tech institutes to demystify digital transformation

26 March 2024

Made Smarter and leading technology demonstrators have joined forces to demystify digital transformation with a new white paper.

Advertisement
ODU RT 2
Britten-Norman secures new investment

Aerospace

Britten-Norman secures new investment

25 March 2024

Britten Norman has secured new investment from a group of investors led by 4D Capital Partners LLP (“4D”) The new investors are making funds available to Britten-Norman to fund working capital and to drive successful long-term growth.

First disability flying lessons to be launched at Kent airport

Aerospace

First disability flying lessons to be launched at Kent airport

25 March 2024

The UK’s disabled flying charity Aerobility has partnered with Lydd Aero Club in Kent to provide opportunities for lessons and experience flights for people living with disabilities, at Kent airport.

Advertisement
Farsound RT Brain