The evolution of the air mobility sector

Yellow flying taxi against the sky, city electric transport drone. Car with propellers, clean air, fast ride. Mixed media, copy space

The air mobility sector is focused on building upon existing airport infrastructure to transport people and goods using innovative aircraft that offer a huge improvement in efficiency, affordability, and community-friendly integration over existing regional transportation options.

A growing market

Value market research (VMR) compiled a report in which they explained that, because of the growing urbanisation and traffic congestion expected, urban air mobility(UAM) is expected to be more important than ever. UAM, in fact, provides a new way for people to travel around cities and urban areas while tackling traffic congestion. 

According to their report, the global UAM is expected to expand from its current predicted size of 2.66 billion dollars in 2021 by 35.3% between 2023 and 2028. 

Europe is leading the race

The industry is moving at a pace that has not been seen in the aviation sector since the 1950s, and the region that is expected to hold the majority of market shares is Europe

Europe at the moment is benefiting from a regulatory system that is benefitting startups in the sector, while the U.S. is still defining the rules. At the current pace, the U.S. expects to be ready to commercially launch their operations in 2024, while Europe might be ready in 2023.

Tests to be carried out soon

However, both regions will have tests and launch prototypes before those dates: in fact, Spain, before the end of 2022, will launch its first aerotaxis tests in Santiago de Compostela, within the H2020 Amu-Led project of the European Commission’s SESAR program.

In the U.S., the company Eve Holding has announced that they will conduct their first american urban air mobility simulation in Chicago, with the purpose of understanding the ecosystem requirements surrounding these operations, and to showcase the benefits of UAM in one of the main American cities.

Collaborations wanted 

Companies in the UAM sector are now expanding and are always on the lookout for new cooperation opportunities. We, as the Italian Aerospace Network, are already in contact with companies in the sector. If you have an interest in this industry, and you think you have the expertise to contribute to the development of these products, fill out the form below and we will contact you to see if we can organise technical meetings with relevant companies in the sector.