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Coming soon: Flying taxis at 2025 World Expo
Kyodo News | 22 February 2023
ANA Holdings Inc., Japan Airlines Co. and three other companies have been selected to operate air taxi services during the 2025 World Exposition to be held in Osaka in western Japan, the event's organizer said Tuesday.
Japan wants the "flying cars" to be one of the main attractions at the expo, with the next-generation mobility expected to provide access to the event venue to be set up on an artificial island in Osaka Bay.
ANA Holdings, the parent of All Nippon Airways Co., will partner with U.S. startup Joby Aviation Inc., a company in which Toyota Motor Corp. has a stake.
Other companies selected as operators are SkyDrive Inc., based in Aichi Prefecture, and trading firm Marubeni Corp.
Naoki Okada, minister in charge of the World Expo 2025, said he hopes the technology will "surprise" people around the world.
He also called on the five companies to cooperate on demonstration flights prior to the start of the 184-day event.
The flying cars, which will carry two to five people each, will connect the three areas of the exposition venue on Yumeshima, central Osaka city, and nearby Kansai International Airport.
Their flight routes, landing and takeoff areas are to be determined.
ANA Holdings will operate a five-seat vertical takeoff and landing aircraft developed by Joby Aviation.
In October, the California-based company applied for its aircraft design to be certified for use in Japan.
JAL will operate two-rider aircraft developed by German firm Volocopter GmbH, while Marubeni will operate five-seater aircraft created by Vertical Aerospace Group Ltd., a British company, after reserving in January delivery slots for 25 of them.
SkyDrive is looking to get a type certificate for its two-rider aircraft, still in development, before the exposition.
Meanwhile, the operator of the takeoff and landing sites at the exposition venue on Yumeshima will be Orix Corp., according to the Japan Association for the 2025 World Exposition.
The World Expo 2025 will last from April 13 through October 13 under the theme "Designing Future Society for Our Lives."
==Kyodo
#2025 World Exposition#Osaka#Japan#air taxi services#flying cars#ANA Holdings#All Nippon Airways Co#Joby Aviation Inc#Toyota Motor Corp#SkyDrive Inc#Marubeni Corp#Naoki Okada#Volocopter GmbH#Vertical Aerospace Group Ltd#Orix Corp
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A South Korean telecoms giant wants to launch flying taxis in 2025 and expects it to be big business
BARCELONA, Spain — South Korean telecommunications giant SK Telecom is planning to launch a flying taxi service in 2025 and expects it to generate “significant” revenue going forward, a senior executive told CNBC.
Last year, SK Telecom and U.S. firm Joby Aviation inked a tie-up to develop air taxis for the South Korean market. Joby Aviation is a maker of so-called electric vertical take-off and…
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USAF selects Northrop Grumman for SiAW missile development for F-35
Fernando Valduga By Fernando Valduga 09/26/2023 - 14:00in Armaments, Military
Northrop Grumman announced on September 25 that it received a contract of approximately $705 million from the U.S. Air Force to supply the Stand-in Attack Weapon (SiAW) missile, which will equip the F-35 fighters.
In the first phase of the development of the Stand-in Attack Weapon (SiAW) missile project, the U.S. Air Force awarded $2 million contracts to three companies: Northrop Grumman, Lockheed Martin and L3Harris Technologies.
This initial phase lasted three months, during which each company demonstrated its missile capabilities using a digital acquisition approach that prioritized agility and innovation.
After selecting Northrop Grumman for Phase 2, the development program will maintain the U.S. Air Force's dedication to an initiative to acquire large intermediate-level weapons, with a focus on digital engineering, open weapon system architecture and agility, the company said.
The objective of the Air Force is to achieve initial operational capacity by 2026, with Phase 2 comprising two main components: Phase 2.1, concluding with a guided vehicle flight test, and Phase 2.2, covering three additional flight tests along with the delivery of SiAW missile prototypes and associated test means.
"Northrop Grumman's SiAW meets the desire of the U.S. Air Force for its first digital weapons acquisition and development program. With our specialized digital engineering capabilities, this next-generation missile represents an adaptable and affordable way for the Department of Defense to buy and modernize weapons,” said Susan Bruce, vice president of advanced weapons at Northrop Grumman.
The SiAW program aimed to develop a missile capable of allowing the Joint Strike Fighter and potentially other aircraft in the USAF fleet to engage on anti-access and area denial mobile platforms, with potential targets covering air defense systems, missile launchers, GPS blockers and anti-satellite systems. According to budget documents, the U.S. Air Force intends to allocate $1.9 billion for investments in SiAW by 2027.
Tags: weaponsMilitary AviationF-35 Lightning IINorthrop GrummanSiAWUSAF - United States Air Force / U.S. Air Force
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Fernando Valduga
Aviation photographer and pilot since 1992, he has participated in several events and air operations, such as Cruzex, AirVenture, Daytona Airshow and FIDAE. He has work published in specialized aviation magazines in Brazil and abroad. Uses Canon equipment during his photographic work throughout the world of aviation.
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Urban Air Mobility Market: Revolutionizing Transportation with Electric Vertical Takeoff and Landing Aircraft
The urban air mobility market is poised to revolutionize the way we travel within cities. With the increasing need for efficient, sustainable, and environmentally friendly transportation solutions, electric vertical takeoff and landing (eVTOL) aircraft are gaining popularity. These innovative aerial vehicles offer a promising solution to address urban congestion challenges and provide faster, safer, and more eco-friendly transportation alternatives.
Market Size and Growth
The global urban air mobility market size was valued at $2.3 billion in 2021 and is projected to reach $30.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 30.2% from 2022 to 2031
This significant growth is driven by the increasing demand for sustainable transportation solutions, advancements in technology, and government initiatives to promote urban air mobility.
Key Players
The urban air mobility market is dominated by key players such as EHang, Lilium Gmbh, Airbus, Wisk Aero LLC., Bell Textron, Volocopter GmbH, Workhorse Group Inc., Joby Aviation., Kitty Hawk, and Archer Aviation
These companies are investing heavily in research and development to improve the efficiency, safety, and sustainability of their eVTOL aircraft.
Challenges and Opportunities
While the urban air mobility market presents significant opportunities for growth, it also faces several challenges. Safety concerns, public trust, and regulatory hurdles are some of the major obstacles that need to be addressed
However, the market is expected to overcome these challenges with the development of advanced technologies and the establishment of a robust regulatory framework.
Future Trends
The urban air mobility market is expected to witness significant growth in the coming years, driven by the increasing adoption of eVTOL aircraft and the development of vertiports and other infrastructure
The market is also expected to see the emergence of new players and the expansion of existing ones into new regions.
Conclusion
The urban air mobility market is poised to revolutionize the way we travel within cities. With the increasing demand for sustainable transportation solutions and advancements in technology, eVTOL aircraft are gaining popularity. The market is expected to witness significant growth in the coming years, driven by the increasing adoption of eVTOL aircraft and the development of vertiports and other infrastructure.
#Urban Air Mobility#Electric Vertical Takeoff and Landing#UAM#Urban Transportation#Sustainable Transportation#eVTOL#Urban Air Mobility Market Size#Urban Air Mobility Market Share#Urban Air Mobility Market Growth#Urban Air Mobility Market Trends#Urban Air Mobility Market Forecast
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The company reported Revenue of $1.032 million, in the fourth quarter of 2023 earnings season
Joby Aviation Inc Reports Revenue and Net Loss for Fourth Quarter and Full Year 2023SANTA CRUZ, Calif. - Joby Aviation Inc (NYSE: JOBY), a leading developer of all-electric aircraft for commercial passenger service, disclosed its financial results for the fiscal fourth quarter and full year 2023, ending December 31. The company reported revenue of $1.032 million for the fourth quarter, representing a significant increase compared to the same period last year. However, Joby Aviation Inc also reported a larger net loss of $-115.103 million for the same quarter, compared to $-66.944 million in the previous year.Despite the increase in net loss, Joby Aviation Inc remains optimistic about its future prospects. The company announced that it has successfully completed the third stage of the Federal Avia https://csimarket.com/stocks/news.php?code=JOBY&date=2024-02-27172317&utm_source=dlvr.it&utm_medium=tumblr
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Global eVTOL Aircraft Market Surges to USD 52,007 Million, Driven by Sustainable Aviation Trends in 2030
Electric Vertical Takeoff and Landing (eVTOL) aircraft represent a novel category of vehicles designed for vertical takeoff and landing, utilizing electric motors and batteries for propulsion. These aircraft hold the promise of transforming urban transportation, providing a swift, eco-friendly, and efficient mode of travel for both passengers and cargo. The distinctive advantage of eVTOL aircraft lies in their vertical takeoff and landing capability, eliminating the need for traditional runways and enabling operation in densely populated urban areas. This has the potential to alleviate traffic congestion, reduce travel times, and offer a more sustainable transportation alternative.Various types of eVTOL aircraft are in development, including passenger drones for short urban flights, cargo drones for transporting goods, and hybrid aircraft capable of switching between vertical and horizontal flight modes. The eVTOL aircraft market is rapidly expanding, driven by advancements in electric propulsion technology, increased battery energy density, and a growing demand for sustainable transportation solutions.
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The rise of eVTOL aircraft is fueled by the escalating challenges of urban congestion and the evolving needs of a growing population seeking smarter transportation solutions. Traditional ground transportation, such as cars and buses, is becoming less efficient, prompting the exploration of innovative options like eVTOL aircraft. The urgency to address rising CO2 emissions further propels the demand for green energy solutions, making eVTOLs a compelling choice for environmentally conscious urban mobility.Despite the promising outlook, concerns about infrastructure and technology remain obstacles to market growth. Doubts persist about the battery technology's ability to meet commercial eVTOL requirements, particularly in terms of range and carrying capacity. Overcoming these challenges is crucial for the sustained development of commercial flying with eVTOLs.
While challenges persist, the market benefits from ongoing technological advancements and investments. Key players are actively investing in the development of complex technologies, such as situational awareness systems and collision avoidance systems, enhancing the overall safety and efficiency of urban air mobility.
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In terms of regional dominance, North America is expected to lead the market's growth from 2023 to 2030. The surge in demand for eVTOL aircraft in North America is driven by a growing interest in sustainable transportation solutions that mitigate carbon emissions and noise pollution. The electric nature of eVTOL aircraft positions them as environmentally friendly alternatives, offering faster and more efficient transportation in urban settings, thanks to their vertical takeoff and landing capabilities. This, in turn, holds the potential to reduce travel times and enhance overall mobility for urban commuters.
Key Market Players:
Volocopter
Textron Inc. (Bell Nexus & Pipistrel)
Joby Aviation
AURORA FLIGHT SCIENCES
Airbus
Lilium
BETA Technologies
Vertical Aerospace
Eve Air Mobility
ARCHER AVIATION INC.
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The report provides deep insights into demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the eVTOL aircraft market. Moreover, the study highlights current market trends and provides forecasts from 2023-2030. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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#Market Size#Market Share#Market Trends#Market Analysis#Industry Survey#Market Demand#Top Major Key Player#Market Estimate#Market Segments#Industry Data
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EVTOL Aircraft Market share 2028
The global eVTOL aircraft market size was estimated to be worth USD 1.11 billion in 2020. The market value is expected to increase from USD 5.41 billion in 2023 to USD 23.21 billion in 2028 at a CAGR of 23.13% during 2023-2028. Growing urbanization, increasing traffic congestion, and the need for smarter transportation solutions are some of the major factors propelling the market forward. Fortune Business Insights presents this information in its report titled “EVTOL Aircraft Market, 2023-2028."
Electric vertical take-off and landing aircraft are increasingly gaining traction across the globe. This technology represents the next generation of transportation solutions that are safer, quieter, and cleaner. Such aircraft work on electric propulsion, making them a sustainable option compared to conventional air carriers. The demand for this technology will increase significantly in the next few years, powered by increasing demand for urban air mobility, growing awareness regarding carbon footprint, and the need to cut aircraft operating costs.
COVID-19 Impact:
Diminished Aviation Operations to Impact Developments in eVTOL Technology
The aviation sector suffered significant disruption during the COVID-19 pandemic. Supply chain disruptions, workforce shortages, and stricter protocols caused a major slowdown in the development and testing of eVTOL technology. Numerous R&D projects were also affected amid the pandemic. These factors have affected the aircraft market growth during the COVID-19 pandemic.
However, investments in the eVTOL space remained strong in several regions. Data provider Pitchbook reports that North America and Europe invested USD 1.3 billion in air mobility firms despite COVID-19 disruptions in 2020. With the gradual recovery of the aviation sector, the market will start to gain momentum in the forthcoming years.
List of Key Players Profiled in the EVTOL Aircraft Market Report:
Kitty Hawk (U.S.)
Lilium (Germany)
Ehang (China)
Volocopter (Germany)
Bell Textron Inc. (U.S.)
Airbus S.A.S (Netherlands)
Beta Technologies (U.S.)
Joby Aviation (U.S.)
Urban Aeronautics Ltd. (Israel)
Market Segments:
Based on lift technology, the market is divided into
vectored thrust
lift plus cruise
multirotor
By mode of operation, the market is segmented into
Autonomous
semi-autonomous
Piloted.
In terms of range, the market is bifurcated into
0-200 km
200-500 km
On the basis of maximum take-off weight (MTOW), the market is classified into
<250 kg
250-500 kg
500-1500 Kg
>1500 kg
By propulsion type, the market is split into
Battery-electric
hydrogen-electric
hybrid-electric
In terms of application, the market is broken down into
Commercial
Military
emergency medical service
Geographically, the market is segmented into
North America
Asia Pacific
Europe
rest of the world
Drivers & Restraints:
Need for Smarter & More Sustainable Transportation to Augment the Product Adoption
With growing urbanization, traffic congestion is emerging as a major concern. In addition, the rising amount of air pollution is giving rise to the need for smarter and more sustainable transportation solutions. The growing concept of urban air mobility solutions, such as air taxis, is anticipated to create favorable opportunities for eVTOL aircraft companies.
Major aircraft makers, such as Airbus SE, Boeing Company, and Bell Helicopter, are accelerating ongoing eVTOL development programs. Automotive giants are also entering the space which will further heat up the market competition. In January 2020, Toyota invested USD 400 million in eVTOL startup Joby Automation.
Despite constant developments in the market, grow could be affected due to the lack of suitable infrastructure and strict regulations enforced by aviation agencies.
Regional Insights:
North America is expected to dominate the global eVTOL aircraft market share during 2021-2028. The regional trends will be influenced by the presence of major market players including Bell Textron Inc., Kitty Hawk, Joby Aviation, and others in the U.S.
The market in Asia Pacific will grow on account of growing investments by eVTOL companies, such as Ehang, in urban air mobility. Europe will record notable gains driven by government initiatives such as the Urban Air Mobility (UAM) Initiative.
Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Key Industry Developments – Key Contracts & Agreements, Mergers, Acquisitions and Partnerships
Latest technological Advancements
Porters Five Forces Analysis
Supply Chain Analysis
Quantitative Insights-Impact of COVID-19 Pandemic on Global eVTOL Aircraft Market
Impact of COVID-19 Pandemic on Global eVTOL Aircraft Market
Steps Taken by Industry/Companies/Government to Overcome the Impact
Key Development in the industry in Response to COVID-19 Pandemic
Potential opportunities due to COVID-19 Pandemic
Global eVTOL Aircraft Market Analysis, Insights and Forecast, 2017-2028
Segment Definitions
Market Analysis, Insights and Forecast – By Lift Technology
Vectored Thrust
Multirotor
Lift Plus Cruise
TOC Continued…!
Notable Industry Development:
June 2021 – Vertical Aerospace received a pre-order contract worth USD 1 billion from American Airlines to supply about 250 eVTOL aircraft to fly passengers in urban regions.
Browse Detailed Summary of Research Report:
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Joby eVTOL Triumph: Exciting Delivery to the U.S. Air Force
Joby eVTOL Triumph: Exciting Delivery to the U.S. Air Force. Joby Aviation Delivers Groundbreaking eVTOL Aircraft to Edwards Air Force Base Ahead of Schedule.
In a groundbreaking achievement for electric vertical take-off and landing (eVTOL) aviation, Joby Aviation, Inc. (NYSE: JOBY) has made history by delivering its first eVTOL aircraft to Edwards Air Force Base, California, approximately six…
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#AerospaceTechnology#AviationInnovation#AviationMilestone#EdwardsAirForceBase#ElectricAirTaxi#ElectricVerticalTakeOffandLanding#evtol#eVTOLAircraft#FutureofFligh#JobyAviation#USAirForce
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[ad_1] COLUMBUS, Ohio - The same Ohio river valley where the Wright brothers pioneered human flight will soon be manufacturing cutting-edge electric planes that take off and land vertically, under an agreement announced Monday between the state and Joby Aviation Inc. "When you're talking about air taxis, that's the future," Republican Gov. Mike DeWine told The Associated Press. "We find this very, very exciting -- not only for the direct jobs and indirect jobs it's going to create, but like Intel, it's a signal to people that Ohio is looking to the future. This is a big deal for us." Around the world, electric vertical takeoff and landing, or eVTOL aircraft are entering the mainstream, though questions remain about noise levels and charging demands. Still, developers say the planes are nearing the day when they will provide a wide-scale alternative to shuttle individual people or small groups from rooftops and parking garages to their destinations, while avoiding the congested thoroughfares below. Joby's decision to locate its first scaled manufacturing facility at a 140-acre (57-hectare) site at Dayton International Airport delivers on two decades of groundwork laid by the state's leaders, Republican Lt. Gov. Jon Husted said. Importantly, the site is near Wright-Patterson Air Force Base and the headquarters of the U.S. Air Force Research Laboratories. "For a hundred years, the Dayton area has been a leader in aviation innovation," Husted said. "But capturing a large-scale manufacturer of aircraft has always eluded the local economy there. With this announcement, that aspiration has been realized." The Wright brothers, Orville and Wilbur, lived and worked in Dayton. In 1910, they opened the first U.S. airplane factory there. To connect the historical dots, Joby's formal announcement Monday will take place at Orville Wright's home, Hawthorn Hill, and conclude with a ceremonial flypast of a replica of the Wright Model B Flyer. In this 2022 photo provided by Joby Aviation is Joby’s pre-production prototype aircraft at the company's flight test facility in Marina, Calif. (Eric Adams/Joby Aviation via AP) Joby's production aircraft is designed to transport a pilot and four passengers at speeds of up to 200 miles (321.87 kilometres) per hour, with a maximum range of 100 miles (160.93 kilometres). Its quiet noise profile is barely audible against the backdrop of most cities, the company said. The plan is to place them in aerial ridesharing networks beginning in 2025. The efforts of the Santa Cruz, California-based company are supported by partnerships with Toyota, Delta Airlines, Intel and Uber. Joby is a 14-year-old company that went public in 2021 and became the first eVTOL firm to receive U.S. Air Force airworthiness certification. With incentives of up to $325 million from the state of Ohio, its JobsOhio economic development office and local government, plus $500 million of Joby's own cash, the company plans to build an Ohio facility capable of delivering up to 500 aircraft a year and creating 2,000 jobs. The U.S. Department of Energy has invited Joby to apply for a loan to support development of the facility as a clean energy project. Joby CEO JoeBen Bevirt told the AP that the company chose Ohio after an extensive and competitive search. Its financial package wasn't the largest, but the chance to bring the operation to the birthplace of aviation -- with a workforce experienced in the field -- sealed the deal, he said. "Ohio is the No. 1 state when it comes to supplying parts for Boeing and Airbus," Bevirt said. "Ohio is No. 3 in the nation on manufacturing jobs -- and that depth of manufacturing prowess, that workforce, is critical to us as we look to build this manufacturing facility. JobsOhio President and CEO J.P. Nauseef noted that its dedication to aviation has carried the Dayton area through serious economic challenges. That included the loss of tens of thousands of auto and auto parts manufacturing jobs in the early 2000s and the loss of ATM maker NCR Corp.'s headquarters to an Atlanta suburb in 2009. "This marries that heritage and legacy of innovation in aviation with our nuts and bolts of manufacturing," Nauseef said. "It really marries those two together, and that's never been married together before -- not in this town. For a community the size of Dayton and Springfield, (whose people) take great pride, (and) have had rough, rough decades, it's a wonderful project." Bevirt said operations and hiring will begin immediately from existing buildings near the development site, contingent upon clearing the standard legal and regulatory hurdles. The site is large enough to eventually accommodate 2 million square feet (610,000 square meters) of manufacturing space. Construction on the manufacturing facility is expected to begin in 2024, with production to begin in 2025. Toyota, a long-term investor, worked with Joby in 2019 to design and to successfully launch its pilot production line in Marina, California. The automaker will continue to advise Joby as it prepares for scaled production of its commercial passenger air taxi, the company said. The announcement comes as a bipartisan group of Ohio's congressional representatives has recently stepped up efforts -- following an earlier appeal by DeWine -- to lure the U.S. Air Force's new U.S. Space Command headquarters or Space Force units to Ohio. There, too, state leaders cite the aerospace legacy of the Wrights, as well as Ohio-born astronauts John Glenn and Neil Armstrong. [ad_2]
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eVTOL Aircraft Market size to be worth USD 34.92 Billion, Globally, by 2030
eVTOL Aircraft Market size to be worth USD 34.92 Billion, Globally, by 2030 12.16% CAGR as per Verified Market Research
JERSEY CITY, N.J., Aug. 25, 2023 - The Global eVTOL Aircraft Market is projected to grow at a CAGR of 12.16% from 2023 to 2030, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 11.12 Billion in 2021 and is expected to reach USD 34.92 Billion by the end of the forecast period.
Revolutionizing Urban Air Mobility: eVTOL Aircraft Market Analysis Reveals Promising Outlook
The global aviation industry is on the brink of a transformative shift, with Electric Vertical Take-off and Landing (eVTOL) aircraft emerging as a beacon of innovation. These advanced aerial vehicles, combining the vertical capabilities of helicopters with heightened efficiency and eco-friendliness, are propelling the urban air mobility sector into a new era of transportation solutions.
In a comprehensive market analysis, experts have delved into the intricate landscape of eVTOL aircraft Market, shedding light on the market drivers, growth prospects, and key industry players shaping this exciting paradigm shift.
Market Drivers Accelerating Growth:
Eco-Conscious Demand: The escalating demand for environmentally conscious transportation options has spurred advancements in electric vehicle technology, directly influencing the development of eVTOL aircraft Market. Companies are racing to create efficient, electric-powered aircraft that align with sustainable travel imperatives.
Urban Mobility Challenges: The challenges posed by urbanization and traffic congestion have galvanized the pursuit of more efficient transportation modes. eVTOL aircraft Market is emerging as a viable solution, offering rapid point-to-point mobility within densely populated areas and facilitating inter-city connections.
Autonomous Flight Progress: The rapid evolution of autonomous flight technologies is enhancing the operational ease and safety of eVTOL aircraft. This innovation is paving the way for autonomous urban air mobility, where these aircraft can be seamlessly integrated into existing airspace.
Materials Advancements: Lightweight materials, particularly advanced composites, have revolutionized aircraft design. By enabling the creation of lightweight yet durable eVTOL platforms, these materials contribute to enhanced efficiency and security.
Government Support and Funding: Governmental agencies globally are recognizing the transformative potential of eVTOL aircraft Market. Robust support and funding initiatives are facilitating research, development, and market adoption, driving the industry forward.
Outlook and Key Industry Players:
The eVTOL aircraft market's future is poised for exponential growth. While the COVID-19 pandemic introduced challenges, it also underscored the demand for efficient and socially distanced urban mobility solutions. This renewed interest is anticipated to catalyze the adoption of eVTOL aircraft, contributing to their prominence in the transportation ecosystem.
Key players at the forefront of this evolution include:
- Archer Aviation
- Joby Aviation
- Airbus SE
- Beta Technologies
- Bell Textron Inc.
- Kitty Hawk
- Embraer SA
- EHang Holdings Ltd.
- Elbit Systems Ltd.
- Volocopter
These industry leaders are driving innovation, investing in R&D, and forging partnerships to shape the eVTOL aircraft Market landscape. Their collective efforts are propelling the industry toward a future where urban air mobility is not just a concept, but a tangible reality.
As eVTOL aircraft become an integral part of urban transportation networks, they hold the promise of alleviating congestion, reducing emissions, and transforming the way people and goods move within cities and between urban centers.
To get market data, market insights, financial statements and a comprehensive analysis of the Global eVTOL Aircraft Market, please Contact Verified Market Research.
Verified Market Research® has segmented the global eVTOL Aircraft Market into Lift Technology, Mode of Operation, Propulsion Type, Application, And Geography.
- eVTOL Aircraft Market, by Lift Technology
- Lift Plus Cruise
- Vectored Thrust
- Multirotor
- eVTOL Aircraft Market, by Mode of Operation
- Semi-Autonomous
- Autonomous
- Piloted
- eVTOL Aircraft Market, by Propulsion Type
- Hybrid-Electric
- Hydrogen-Electric
- Battery-Electric
- eVTOL Aircraft Market, by Application
- Military
- Commercial
- Emergency Medical Services
- eVTOL Aircraft Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
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Urban Air Mobility (UAM) Market is likely to grow at a CAGR of 30.2% through 2031, reaching US$ 30.7 billion
“Urban Air Mobility(UAM) Market," The urban air mobility(uam) market size was valued at $2.3 billion in 2021, and is estimated to reach $30.7 billion by 2031, growing at a CAGR of 30.2% from 2022 to 2031.
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Urban air mobility is now proving to be a practical means of transport for moving people and cargo in innovative, cost-efficient ways. Urban air mobility guarantees to improve the current transportation ecosystem from congested roads and traffic conjunction. Urban air mobility has the potential to boost the effectiveness of the current transportation systems by minimizing distance traveled and enhancing sustainability. Urban air mobility will be thoroughly incorporated using the existing infrastructure and networks for transportation for connections at the first and last miles. The development of eVTOL aircraft which are able to take vertical takeoff has gotten the attention of major market players in urban transportation, which is a major factor estimated to propel the urban air mobility(UAM) market demand in the upcoming years.
However, some of the disadvantages of urban air mobility include its high initial investment cost. Urban air mobility is a flying vehicle that is developed to operate both on road and air but it requires to create of a suitable infrastructure for operating these vehicles in urban cities mostly in densely populated cities which includes a high investment cost in developing suitable infrastructure as well as there is chances of increase in noise pollution as these vehicles are using rotary blades for flying. These factors are going to hamper the urban air mobility(UAM) market growth in the forecasted period.
The use of urban air mobility vehicles as air taxis is anticipated to gain traction. This is because urban air mobility is flying vehicles that are used for transportation or either passenger or goods from one destination to another destination within urban areas. These vehicles are having the capabilities to take off and land vertically this ability of urban air mobility vehicles is going to make these vehicles perfect for air taxis in urban areas. Also, these vehicles are using electric energy for running it makes it a cost-effective and pollution-free mode of urban transportation. For instance, the Volocopter the urban air mobility company has plans to introduce air taxis in Singapore in 2024.
The global urban air mobility market share is segmented based on platform, platform operations, range, platform architecture, and region. By platform, it is classified into air taxis, air shuttles & air metro, personal air vehicles, cargo air vehicles, air ambulance & medical emergency vehicles, and last-mile delivery vehicles. By platform operations piloted and autonomous. By range intercity and intracity. By platform architecture rotary wing and fixed-wing hybrid. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
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The key players profiled in the urban air mobility market report include market players are Ehang, Lilium Gmbh, Airbus, Wisk Aero LLC., Bell Textron, Volocopter GmbH, Workhorse Group Inc., Joby Aviation., Kitty Hawk, and Archer Aviation.
The report offers a comprehensive analysis of the global urban air mobility market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present urban air mobility(UAM) market trends, scenarios, and developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market.
Impact of Covid-19 on the Global Urban Air Mobility Market
The COVID-19 epidemic has had an enormous effect on every industry. Since most of the major companies in the Urban Air Mobility (UAM) sector are either directly or indirectly connected to the aviation sector, which has been significantly impacted by the pandemic, the UAM sector has also been negatively impacted.
The UAM sector, which is still developing, experienced robust growth before the COVID-19 epidemic, with a healthy pace of innovations and significant investments.
COVID-19 impacted almost all industries and the urban air mobility vehicle producing companies ceased their operations owing to import-export restrictions, lockdown imposed across several countries, shortage of labor the fear of contracting the novel coronavirus led to sluggish demand in the market.
Social distancing norms closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the urban air mobility(UAM) industry.
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Key Findings of the Study
Based on the platform, the air taxis sub-segment emerged as the global leader in 2021, and the last-mile delivery vehicles sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.
Based on platform operations, the piloted sub-segment emerged as the global leader in 2021 and the autonomous sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.
Based on range, the intercity sub-segment emerged as the global leader in 2021 and the intracity sub-segment is predicted to show the fastest growth in the upcoming years.
Based on platform architecture, the rotary wing sub-segment emerged as the global leader in 2021 and the fixed-wing hybrid sub-segment is predicted to show the fastest growth in the upcoming years.
Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the forecast period.
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Air Taxi Market Analysis Demand, Statistics, Top Manufacturers, Revenue by Reports and Insights 2030
The latest market report published by Credence Research, Inc. “Global Air Taxi Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The Air Taxi Market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 25.58% between 2022 and 2030. The market was valued at USD 1.3 billion in 2022 and is expected to reach USD 6.40 billion in 2030.
The air taxi market is driven by several factors, including the increasing need for efficient and time-saving transportation solutions in congested urban areas and advancements in technology. As urbanization and population growth lead to rising traffic congestion, there is a growing demand for alternative modes of transportation that can bypass ground traffic and provide quicker point-to-point travel. Air taxis, with their ability to offer faster and more convenient transportation, are well-positioned to address this need. Additionally, technological advancements in electric propulsion, autonomous flight, and digital connectivity have opened up new possibilities for air taxi services.
Despite the challenges, the air taxi market offers significant growth opportunities. The rising awareness of climate change and the environmental impact of transportation presents a compelling opportunity for air taxis, which have the potential to significantly reduce carbon emissions compared to traditional vehicles. Governments and regulatory bodies are introducing supportive regulations and frameworks to encourage the development and adoption of air taxis. Many companies are also incorporating sustainability goals into their strategies, leading to partnerships and investments in air taxi companies and technologies.
North America holds a dominant position in the air taxi market, with significant market share. The region benefits from a growing number of air taxi companies and a favorable regulatory environment. However, the Asia-Pacific region has shown promising growth potential, with companies like EHang, Hyundai, and SkyDrive conducting test flights and exploring partnerships with local governments and transportation authorities.
The air taxi market dynamics are experiencing a notable shift in recent years, driven by advancements in technology and changing consumer preferences. This emerging industry is poised to revolutionize urban transportation by offering an innovative solution that combines the benefits of helicopters and traditional taxis. Air taxi services provide a convenient and efficient mode of travel, allowing passengers to bypass congested roads and reach their destinations quickly. The increasing demand for time-saving solutions, especially among business travelers and affluent individuals, has fueled the growth of this sector. Moreover, as cities become more crowded, air taxis offer a promising alternative that can alleviate traffic congestion while reducing carbon emissions.
Key players in the global air taxi market include Airbus SE, Textron Inc., The Boeing Company, EHang Holdings Limited, Joby Aviation, Volocopter GmbH, Kitty Hawk Corporation, Hyundai Motor Company, Lilium GmbH, Jaunt Air Mobility LLC, and Wisk Aero LLC. These companies are focused on technological advancements, partnerships, and collaborations to stay competitive in the market.
Why to Buy This Report-
The report provides a qualitative as well as quantitative analysis of the global Air Taxi Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.
Major nations in each region with their import/export statistics
The global Air Taxi Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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Joby's flying taxi inches closer to production with FAA testing approval
Joby Aviation Inc. jumped 40% Wednesday after a crucial green light from US regulators in its quest to build electrically powered air taxis.
The company, based in Santa Cruz, California, said in a statement that the go-ahead from the Federal Aviation Administration will let it test flying taxis coming off its production line; it previously could only demo a prototype made by hand. Joby showed off…
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El taxi volador de Joby Aviation recibió luz verde para implementar fase de pruebas
Joby Aviation Inc. subió como la espuma tras recibir la aprobación reglamentaria estadounidense para ampliar las pruebas de su taxi aéreo, lo que supone un paso más hacia la creación de un negocio en torno a los vehículos voladores eléctricos.
La empresa, con sede en Santa Cruz (California), afirmó en un comunicado que el visto bueno de la Administración Federal de Aviación le permitirá probar…
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Financial News Report: Joby Aviation Inc Reports Third Quarter 2023 ResultsJoby Aviation Inc, a company developing all-electric aircraft for commercial passenger service, has released its Third Quarter 2023 Shareholder Letter revealing its operational and financial performance for the period ending September 30, 2023. Despite investorsn lack of hope for changes at the top-line during this earnings cycle, shareholders have expressed concerns about the companyns operating deficit and are eagerly awaiting additional business strategies.In the third quarter of 2023, Joby Aviationns operating deficit stood at $-128.167 million, which has raised alarm bells among shareholders. However, they remain optimistic about the companyns future growth and the potential for improved busi https://csimarket.com/stocks/news.php?code=JOBY&date=2023-11-06183115&utm_source=dlvr.it&utm_medium=tumblr
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