Market Research Report
Asia-Pacific Urban Air Mobility Market 2019-2025
|Asia-Pacific Urban Air Mobility Market 2019-2025|
Published: February 8, 2020
Orion Market Research Pvt Ltd
Delivery time: 2-3 business days
Asia-Pacific Urban Air Mobility Market Size, Share & Trends Analysis Report by Component (Infrastructure and Platform) and by Operation (Piloted and Autonomous), and Forecast 2019-2025
The Asia-Pacific urban air mobility market is estimated to grow at a CAGR of 12.6% during the forecast period. The Asia-Pacific 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.
Asia-Pacific is home to several emerging economies and is seen as the potential market for the UAM owing to growing urbanization coupled with increasing traffic congestion and increasing high-income groups in the region. The growth of the Asia-Pacific urban air mobility market is primarily being driven by China, Japan, Singapore, and India's fast-paced economies and a considerable growth in the transportation and logistics sector. Australia, Korea, and Taiwan are the other countries that contribute to the market due to growing investment in smart city projects coupled with growing urbanization in these countries. Moreover, the growing e-commerce logistics sector in emerging economies such as China, India is expected to be the major factor for the growth of the Asia-Pacific urban air mobility market in the near future.
India is estimated to exhibit a significant growth rate during the forecast period. Growing urban population is one of the essential factors that can encourage the demand for urban mobility services in the country. The growing population towards urban cities further raises the traffic congestion that will create a significant demand for urban air mobility solutions in the country. Along with this in 2018, HeliTaxi service started in Bengaluru city by the Thumby Aviation Pvt. Ltd. The Helitaxi service will provide ensure quick, seamless transfers to and from airports, at a cost similar to a luxury taxi fare. Additionally, the ride-sharing company Uber is planned to start Uber Air in Mumbai, Delhi, and Bengaluru the most congestive cities in the country by 2023. In May 2019, The Indian aviation company VTOL Aviation India Pvt Ltd, partnered with IIT Kanpur planned to build a prototype of the flying taxis in five years in the country which may have great potential for the urban air mobility services in India.
The market study of the Asia-Pacific urban air mobility market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include
The report is intended for eVTOL manufacturers, automobile manufacturers, aircraft manufacturers, market research firms, and government organizations, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis of the market size and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.
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