The European urban air mobility market is estimated to grow at a CAGR of 11.7% during the forecast period. Europe is estimated to witness optimistic growth in the market during the forecast period, owing to the rapid urbanization and the initiatives led by the European government for urban air mobility. As per the United Nations (UN), 74% of the European population was living in urban areas in 2018. This growing urbanization has significantly increased the problems regarding road congestion and crowding, which makes transport using ground-bound vehicles highly difficult in urban settings. As per the European Innovation Partnership on Smart Cities and Communities (EIP-SCC), in the EU, traffic congestion currently costs nearly $110.9 billion a year.

The European 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.

The European urban air mobility market covers the analysis of five major regions including UK, Germany, Italy, Spain, and France. Apart from the major European economies, there are some other economies that show huge potential for the growth of the European urban air mobility market. Economies such as the Netherland, Belgium, and Iceland, among others. Netherlands ' urban air mobility sector has continuously improved itself over the last few years owing to the growing urbanization and traffic.

Volocopter is one of the German companies that has planned to conduct a trial flight in 2019 in Singapore with the support of the Singaporean government. The company further aims to commercialize the aircraft in the first half of the 2020s in the country. The government of the country is optimistic about the implementation of urban air mobility projects across the country and is providing full support in the development of urban air mobility infrastructure. For the pilot projects in the country, dedicated vertiports will be built on an experimental basis and the user-friendliness of the boarding process, along with other aspects, will be verified. The company is also focusing on market development and has partnered with the German airport management company Fraport in the development of eVTOL air taxi services based at airports.

Research Methodology

The market study of the European 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

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

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. 

Market Segmentation

1. European Urban Air Mobility Market Research and Analysis by Component
2. European Urban Air Mobility Market Research and Analysis by Operation

The Report Covers

• Comprehensive research methodology of the European Urban Air Mobility Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the European Urban Air Mobility Market.
• Insights about market determinants which are stimulating the European Urban Air Mobility Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.