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Urban Air Mobility Market Study

Author

Listed:
  • Reiche, Colleen PhD
  • Goyal, Rohit
  • Cohen, Adam
  • Serrao, Jacqueline
  • Kimmel, Shawn PhD
  • Fernando, Chris
  • Shaheen, Susan PhD

Abstract

The Booz Allen Team explored market size and potential barriers to Urban Air Mobility (UAM) by focusing on three potential markets – Airport Shuttle, Air Taxi, and Air Ambulance. We found that the Airport Shuttle and Air Taxi markets are viable, with a significant total available market value in the U.S. of $500 billion, for a fully unconstrained scenario. In this unconstrained best-case scenario, passengers would have the ability to access and fly a UAM at any time, from any location to any destination, without being hindered by constraints such as weather, infrastructure, or traffic volume. Significant legal and regulatory, weather, certification, public perception, and infrastructure constraints exist, which reduce the market potential for these applications to only about 0.5% of the total available market, or $2.5 billion, in the near term. However, we determined that these constraints can be addressed through ongoing intra-governmental partnerships, government and industry collaboration, strong industry commitment, and existing legal and regulatory enablers. We found that the Air Ambulance market is not a viable market if served by electric vertical takeoff and landing (eVTOL) vehicles due to technology constraints but may potentially be viable if a hybrid VTOL aircraft are utilized.

Suggested Citation

  • Reiche, Colleen PhD & Goyal, Rohit & Cohen, Adam & Serrao, Jacqueline & Kimmel, Shawn PhD & Fernando, Chris & Shaheen, Susan PhD, 2018. "Urban Air Mobility Market Study," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt0fz0x1s2, Institute of Transportation Studies, UC Berkeley.
    • Handle: RePEc:cdl:itsrrp:qt0fz0x1s2
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    Citations

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    Cited by:

    1. Cohen, Adam & Shaheen, Susan, 2021. "Urban Air Mobility: Opportunities and Obstacles," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt0r23p1gm, Institute of Transportation Studies, UC Berkeley.
    2. Lee, Changju & Bae, Bumjoon & Lee, Yu Lim & Pak, Tae-Young, 2023. "Societal acceptance of urban air mobility based on the technology adoption framework," Technological Forecasting and Social Change, Elsevier, vol. 196(C).
    3. Kitthamkesorn, Songyot & Chen, Anthony, 2024. "Maximum capture problem for urban air mobility network design," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 187(C).
    4. Adam, Cohen & Susan, Shaheen, 2021. "Urban Air Mobility: Opportunities and Obstacles," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt3mg6z1wf, Institute of Transportation Studies, UC Berkeley.
    5. Maria Grazia Bellizzi & Luigi dell’Olio & Laura Eboli & Carmen Forciniti & Gabriella Mazzulla, 2020. "Passengers’ Expectations on Airlines’ Services: Design of a Stated Preference Survey and Preliminary Outcomes," Sustainability, MDPI, vol. 12(11), pages 1-14, June.
    6. Annitsa Koumoutsidi & Ioanna Pagoni & Amalia Polydoropoulou, 2022. "A New Mobility Era: Stakeholders’ Insights regarding Urban Air Mobility," Sustainability, MDPI, vol. 14(5), pages 1-18, March.
    7. Rohit Goyal & Colleen Reiche & Chris Fernando & Adam Cohen, 2021. "Advanced Air Mobility: Demand Analysis and Market Potential of the Airport Shuttle and Air Taxi Markets," Sustainability, MDPI, vol. 13(13), pages 1-15, July.
    8. Cohen, Adam MS & Shaheen, Susan PhD, 2024. "Advanced Air Mobility: Opportunities, Challenges, and Research needsfor the State of California (2023-2030)," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt0656t0dh, Institute of Transportation Studies, UC Berkeley.
    9. Ilahi, Anugrah & Belgiawan, Prawira F. & Balac, Milos & Axhausen, Kay W., 2021. "Understanding travel and mode choice with emerging modes; a pooled SP and RP model in Greater Jakarta, Indonesia," Transportation Research Part A: Policy and Practice, Elsevier, vol. 150(C), pages 398-422.
    10. Hwang, Ji-Hyon & Hong, Sungjo, 2023. "A study on the factors influencing the adoption of urban air mobility and the future demand: Using the stated preference survey for three UAM operational scenarios in South Korea," Journal of Air Transport Management, Elsevier, vol. 112(C).
    11. Reiche, Colleen PhD & Cohen, Adam P & Fernando, Chris, 2021. "An Initial Assessment of the Potential Weather Barriers of Urban Air Mobility," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt8kz5r10b, Institute of Transportation Studies, UC Berkeley.
    12. Cohen, Adam P & Shaheen, Susan A PhD & Farrar, Emily M, 2021. "Urban Air Mobility: History, Ecosystem, Market Potential, and Challenges," Institute of Transportation Studies, Research Reports, Working Papers, Proceedings qt8nh0s83q, Institute of Transportation Studies, UC Berkeley.
    13. Zeyu Cheng & Zhi Cao & John T. Hwang & Chris Mi, 2023. "A Novel Single-Turn Permanent Magnet Synchronous Machine for Electric Aircraft," Energies, MDPI, vol. 16(3), pages 1-14, January.

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