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Urban Air Mobility Market size is set to grow by USD 5.28 billion from 2023-2027, Increasing use of EVTOL aircraft in military applications to boost the market growth, Technavio

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NEW YORK, July 15, 2024 /PRNewswire/ — The global urban air mobility market  size is estimated to grow by USD 5.28 billion from 2023-2027, according to Technavio. The market is estimated to grow at a CAGR of  27.5%  during the forecast period.  Increasing use of EVTOL aircraft in military applications is driving market growth, with a trend towards technological advancements. However, limitations of existing battery technology  poses a challenge. Key market players include Airbus SE, Archer Aviation Inc., Bartini Inc., EHang Holdings Ltd., Embraer SA, Geely Auto Group, Honeywell International Inc., Joby Aviation Inc., Kitty Hawk Corp., Lilium GmbH, Lockheed Martin Corp., Moller International, Moog Inc., Raytheon Technologies Corp., The Boeing Co., Volocopter GmbH, Wingcopter GmbH, Wisk Aero LLC, Workhorse Group Inc., and Textron Inc..

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Forecast period

2023-2027

Base Year

2022

Historic Data

2017 – 2021

Segment Covered

Type (Autonomous and Piloted), Application (Delivery and Passenger mobility), and Geography (North America, Europe, APAC, Middle East and Africa, and South America)

Region Covered

North America, Europe, APAC, Middle East and Africa, and South America

Key companies profiled

Airbus SE, Archer Aviation Inc., Bartini Inc., EHang Holdings Ltd., Embraer SA, Geely Auto Group, Honeywell International Inc., Joby Aviation Inc., Kitty Hawk Corp., Lilium GmbH, Lockheed Martin Corp., Moller International, Moog Inc., Raytheon Technologies Corp., The Boeing Co., Volocopter GmbH, Wingcopter GmbH, Wisk Aero LLC, Workhorse Group Inc., and Textron Inc.

Key Market Trends Fueling Growth

The urban air mobility market is witnessing significant trends, with the adoption of real-time tracking technology for last-mile delivery management being a major one. This enables consumers to manage and modify package deliveries using online tools, providing greater transparency and control. Large packages require customer pick-up due to their value, posing a challenge for delivery providers. To address this, they offer web and mobile applications for managing delivery schedules of large cargo. Real-time updates on delivery status, traffic, and weather help customers plan accordingly. Big data is also optimizing last-mile delivery, with companies like DHL using it to determine optimum delivery routes. Technologies such as automation, online updates, real-time tracking, and delivery time estimations are already in use. Retailers like Amazon are exploring drone technology, while autonomous ground vehicles (AGVs) and autonomous delivery vehicles (ADVs) are gaining popularity. Regulatory challenges will be addressed in the next decade, driven by automotive manufacturing companies. These technological advances are expected to positively impact the growth of the urban air mobility market. 

Urban Air Mobility (UAM) and Advanced Air Mobility (AAM) are revolutionizing transportation in metropolitan areas with flying taxis, cargo air vehicles, and drones. These innovative urban aviation services aim to reduce traffic congestion and improve productivity. Courier services and public transportation are exploring shared automated vehicles and on-demand mobility solutions. Electric power is a key trend, with electric aircraft and drones leading the charge. Volocopter, a leading player, is merging with Uber to expand their platform operations. Range and platform architecture are crucial considerations for air taxis and personal air vehicles. Rotary wings and fixed wings hybrid vehicles cater to intercity and intracity travel. Cargo, emergencies, and people transportation are all part of this growing ecosystem. New technology, collaborations, and intelligent aerial vehicles are shaping the future of transportation businesses. Infrastructures and fuel are essential elements in the development of this sustainable solution for metropolitan economies. 

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Market Challenges

•         The urban air mobility market for electric vertical takeoff and landing (eVTOL) aircraft faces significant challenges due to the limitations of current battery technology. Achieving the energy requirements for flight is a major obstacle, as batteries must be lightweight yet deliver a high energy density of at least 500Wh/kg for commercial payload-range aircraft. Most commercial batteries can only provide 30-50% of this, resulting in a maximum range of 200-400 miles. To meet the market’s demands, advancements in battery technology are crucial. These advancements must focus on increasing energy density, improving re-charging speeds, and extending battery lifecycles. Until these advancements are made, the urban air mobility market’s growth will be restricted.

•         Urban Air Mobility (UAM) market is experiencing significant growth with new players entering the scene. Challenges include mergers and acquisitions, collaborations, and strategic partnerships between key players like Volocopter, Jaunt Air Mobility, and Microsoft. Electric power is a major focus with the development of intelligent aerial vehicles using rotary wings and fixed wings hybrid technology. Range and platform operations are crucial for air taxis and personal air vehicles, while cargo air vehicles and last-mile delivery vehicles require specific load-carrying capacity. Platform architecture, autonomy level (piloted or autonomous), intercity and intracity applications, and fuel efficiency are essential considerations. Sustainable transportation systems, refurbishing of existing infrastructures, and the use of a cloud-based computing system are smart strategies for transportation businesses adapting to this new technology. The UAM ecosystem includes various players from people movers to cargo and emergency services, requiring diverse solutions for metropolitan areas. Infrastructures, productivity, and passenger experience are key factors in the success of UAM. New technology, such as eVTOL assembly plants and aerial delivery drones, is driving innovation in this sector.

For more insights on driver and challenges – Download a Sample Report

Segment Overview 

This urban air mobility market report extensively covers market segmentation by

Type 1.1 Autonomous1.2 PilotedApplication 2.1 Delivery2.2 Passenger mobilityGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Autonomous-  Autonomous Urban Air Mobility (UAM) refers to the utilization of unmanned aerial vehicles (UAVs) or drones for transportation in urban areas. This technology intends to offer cities a secure, efficient, and eco-friendly air transportation alternative, minimizing traffic congestion and enhancing mobility. Autonomous UAM vehicles function independently and incorporate advanced technologies like sensors, navigation systems, and artificial intelligence algorithms. Morgan Stanley Research’s equity analysts, in a recent BluePaper, discuss the accelerating investment in autonomous flying aircraft, with implications for passenger travel, military and defense, and freight and package transportation sectors. The report projects a USD1.5 trillion total addressable market for autonomous aircraft by 2040, providing lucrative opportunities for investors and positively impacting various industries, thereby fueling the demand for UAM throughout the forecast period.

For more information on market segmentation with geographical analysis including forecast (2023-2027) and historic data (2017 – 2021)  – Download a Sample Report

Learn and explore more about Technavio’s in-depth research reports

The global Aerospace Artificial Intelligence market is rapidly expanding, driven by advancements in machine learning and autonomous systems, enhancing flight safety, efficiency, and predictive maintenance. Major players include Boeing and Airbus.

The global eVTOL Aircraft market is revolutionizing urban mobility with electric vertical takeoff and landing aircraft, promising reduced congestion and lower emissions. Key players are Joby Aviation and Lilium.

The global Air Conditioning market is growing steadily due to rising temperatures and urbanization, with smart, energy-efficient units gaining popularity. Leading companies include Daikin and Carrier.

Research Analysis

The Urban Air Mobility (UAM) market is revolutionizing the transportation industry by offering sustainable solutions for goods delivery services and on-demand mobility in metropolitan areas. Traffic congestion is a major challenge in densely populated cities, and UAM provides an efficient alternative with electric aircraft, flying taxis, and personal air vehicles. The market is witnessing significant mergers & acquisitions and collaborations between key players to strengthen their ecosystems. Platform operations play a crucial role in managing the complexities of UAM, including range, platform architecture, and air traffic control. Cargo air vehicles, drones, and air ambulances are also part of the UAM ecosystem, offering productivity gains for transportation businesses. Last-mile delivery vehicles and fuel efficiency are key considerations for the success of UAM. The future of UAM holds the potential to transform urban transportation and boost the metropolitan economy.

Market Research Overview

Urban Air Mobility (UAM) and Advanced Air Mobility (AAM) are revolutionizing urban transportation with their innovative solutions. UAM refers to the use of aircraft and other flying vehicles for urban aviation services, including courier services and shared automated vehicles. These technologies aim to reduce traffic congestion in metropolitan areas and boost the metropolitan economy. Sustainable solutions, such as electric aircraft and drones, are at the forefront of this movement. Flying taxi services and personal air vehicles are becoming a reality, with companies developing electric powertrains, rotary wings, and fixed-wing hybrids. The ecosystem includes mergers & acquisitions, collaborations, and the development of platforms and platform operations. The range of these vehicles varies, from intercity to intracity travel, and they can be piloted or autonomous. Cargo air vehicles and last-mile delivery vehicles are also part of this new transportation paradigm. The passenger experience is a key focus, with companies investing in intelligent aerial vehicles, smart strategies, and sustainable transportation systems. Infrastructures, such as refurbished runways, are being developed to support this new mode of transportation. Companies like Microsoft are investing in cloud-based computing systems and partnerships with UAM players like Volocopter, Jaunt Air Mobility, and eVTOL assembly plants to advance the industry. The future of transportation is taking flight.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeAutonomousPilotedApplicationDeliveryPassenger MobilityGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Inner City Visions releases a 24-hour virtual support center to combat Human Trafficking

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58 minutes ago

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January 9, 2025

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Inner City Visions offers 24-hour virtual support services through ‘Angelito’, an app to ensure at-risk children and families safety from human trafficking. Inner City Visions (ICV) is a 501(c)(3) non-profit organization founded in 2007 in the epicenter of South Los Angeles. They engage what is statistically the most vulnerable population of at-risk and exploited youth and provide solutions to their ever-evolving hardships. Combatting human trafficking

LOS ANGELES, Jan. 8, 2025 /PRNewswire-PRWeb/ — Inner City Visions offers 24-hour virtual support services through ‘Angelito’, an app to ensure at-risk children and families safety from human trafficking

Robert Rodriguez Co-Creator of Angilito App. “Sex Trafficking happens 24 hours a day. We need a tool that works 24 hours a day.”

Alfred Lomas, founder and Executive Director of Inner City Visions (ICV), and his team take the next step in expanding their initiatives through the creation of ‘Angelito’, an app that aims to prevent the exploitation of families and sex trafficking of at-risk children.

The community-based organization has created promising results of harm reduction at the epicenter of South Los Angeles and continues to operate and make societal improvements within that community. ICV’s anti-trafficking efforts have resulted in an 85% success rate based on a one-year programming retention process outcome (2017).

The organization’s work continues to expand as they propose a new, virtual outlet in support of victims facing risks of exploitation and sex trafficking.

‘Angelito’ aims to establish a safe space away from violence by using Artificial Intelligence (AI) for strategic assistance and to prevent harm ideation. The app serves as an easily accessible, virtual lifeline that provides 24-hour support for victims and trafficking survivors in order to reduce the high recidivism rates as a result of the existing gaps in other services. It consists of emergency response and critical care support, connectivity for high-risk trafficking survivors to essential services, algorithms supported to prevent harm ideation, data recovery for strategic interventions and prevention efforts and more.

‘Angelito’ is engineered to appear as a gaming app at first glance as a way to protect users from pimps and controllers. This hidden feature functions as a safety measure that will less likely draw a perpetrator’s attention, allowing a client to use it without the fear of getting caught.

The app highlights ICV’s unique ability to engage and connect with Commercial Sexual Exploitation of Children and Youth (CSECY). ICV aims to have ‘Angelito’ be available for installation through Apple IOS and Android applications and is set to be released in the fall of 2025.

Written by: Odessa Hairapetian

odessacelestt@gmail.com

(626) 223-0840

Media Contact

Inner City Visions

Email: info@innercityvisions.com

Phone: 323.484.0004

Media Contact

Cynthia Dinh, Inner City Vision, 1 323-484-0004, icvinfo@icvcommunity.org, https://innercityvisions.org/

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SOURCE Inner City Vision

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Schools Can Engage Families More Effectively and Improve Enrollment Through Strategic Technology Use, Says Info-Tech Research Group

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58 minutes ago

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January 9, 2025

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With increasing competition in K-12 Education to attract and retain students, a recently published blueprint from Info-Tech Research Group will provide schools with a clear path to optimising enrollment management. By focusing on key areas such as improving operational efficiency, reducing administrative workload, and enhancing family engagement, the global research and advisory firm’s new resource is set to equip schools with the tools needed to streamline processes and make informed decisions when it comes to leveraging the power of emerging technologies. With data-driven insights and practical strategies, IT leaders in schools can select the right enrollment system, ensuring long-term success and a better overall experience for students and families.

SYDNEY, Jan. 9, 2025 /PRNewswire/ — The K-12 educational sector is facing increasing competition as schools seek to attract and retain students while managing complex administrative tasks. Enrollment management systems play a critical role in addressing these challenges, yet schools often struggle to evaluate and implement the solution that best fits their unique needs.

Info-Tech Research Group released its latest blueprint, Optimise Enrollment Management for K-12 Education, to equip school IT leaders with the guidance they need to seamlessly integrate modern technology, enhance operational efficiency, and strengthen family engagement, ultimately optimising enrollment strategies for sustained success.

‘The educational sector is rapidly transforming as schools and districts invest in technology to enhance their enrollment processes,’ says Mark Maby, principal research director at Info-Tech Research Group. ‘Enrollment management systems offer comprehensive tools to simplify various aspects of the enrollment process, including application management, automated workflows, centralised data management, personalised communication, and document review.’

Info-Tech’s data-backed resource highlights common challenges schools and their districts encounter when evaluating and selecting an enrollment management system. Many institutions fail to fully recognise the long-term value these systems can provide, resulting in missed opportunities to enhance operational efficiency and improve the student and family experience. The process of selecting the right vendor adds another layer of complexity, as schools must carefully weigh features, costs, and scalability in their decision-making process.

‘Automated workflows manage tasks such as lotteries and wait lists, while centralised data management ensures secure and accessible student information,’ explains Maby. ‘Cloud-based solutions provide scalability and accessibility, allowing administrators to manage processes from any location.’

To ensure schools are equipped to overcome these challenges, the firm recommends a proactive approach that includes evaluating system scalability, automating processes, and aligning enrollment goals with broader institutional objectives. By assessing specific capabilities and future needs, schools can select enrollment management systems that offer both immediate and long-term benefits, ensuring smooth operations and a positive experience for students and their families.

Key Benefits of Effective Enrollment Management:

In the Optimise Enrollment Management for K-12 Education blueprint, Info-Tech highlights the following three key advantages of effective enrollment management that can significantly transform operations for educational institutions:

Improved Efficiency: Automating enrollment processes reduces administrative burdens while centralised data management ensures that all relevant information is secure and accessible from a single location. This approach results in streamlined communications and the elimination of redundant tasks, helping schools operate more smoothly while saving time and resources.

Enhanced Family Engagement: A user-friendly interface, automated notifications, and personalised communication options all culminate in an advantage that fosters stronger connections with families, ensuring they are informed and involved throughout the enrollment journey. This approach also promotes equitable access to essential resources, ensuring that families have all the information they need at their fingertips.

Data-Driven Decision-Making: Schools can leverage advanced reporting and analytics tools to monitor and gain actionable insights into enrollment trends, performance metrics, and areas for improvement. This data-driven approach enables better decision-making, allowing institutions to track and monitor progress effectively and adjust strategies as needed.

By leveraging Info-Tech’s comprehensive blueprint, schools and their districts can make well-informed decisions about selecting and implementing an enrollment management system tailored to their unique needs. With a focus on increasing operational efficiency, cost-effectiveness, and long-term growth, this guide will equip school IT leaders with the necessary tools to enhance their enrollment strategies and create a more streamlined and engaging experience for students and families.

For exclusive and timely commentary from Mark Maby, an expert in the educational sector, and access to the complete Optimise Enrollment Management for K-12 Education blueprint, please contact pr@infotech.com.

About Info-Tech Research Group
Info-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organisations.

To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights.

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com.

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

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Media Contact: Sufyan Al-Hassan, Senior PR Manager, Info-Tech Research Group, salhassan@infotech.com | +1 (888) 670-8889 x2418

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SOURCE Info-Tech Research Group

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AllenComm Recognized as a Top Content Provider for Leadership Development 2025 by eLearning Industry

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January 9, 2025

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AllenComm — a leading provider of innovative, effective learning experiences — is named by eLearning Industry as one of the Top Content Providers for Leadership Development for 2025, earning a five-star rating.

SALT LAKE CITY, Jan. 8, 2025 /PRNewswire/ — The award-winning team at AllenComm, an innovator in learning advisory, design, tech and talent for the corporate learning and development market, has earned recognition and a five-star rating as a leading provider of leadership development services.

The list of top leadership development content providers named by eLearning Industry serves as an industry resource, directory and source of credible learning and development (L&D) information for organizations seeking expert-level support for their L&D programs.

In their announcement of the award, eLearning Industry noted: “It’s vital that you best equip new leaders with a secure footing as they begin their careers in management. … All the content providers on this top list can develop your top talents and core leadership skills with their courses and strategies. Besides, with their help, you can also improve employee retention and engagement, foster positive work relationships and encourage continuous professional growth within your teams.”

Ron Zamir, AllenComm President and CEO, commented, “Targeted leadership development — focused on the organization’s most critical needs — has always been a focus and passion for our team. Today, our toolkit is more flexible and effective than ever before, allowing us to inspire leadership at every level of the organization.”

You can learn more about AllenComm’s leadership development services by visiting their website.

If you would like to know more about any of the above information, please contact an AllenComm representative at info@allencomm.com.

About AllenComm  
For over 40 years, AllenComm has partnered with leading companies and nonprofit organizations to create and scale transformative learning solutions. Extensive instructional design experience, innovative learning technologies and agency-level creative teams enable AllenComm to stand out in the learning landscape. Considered one of the top firms of its kind in the country, AllenComm wins dozens of awards year after year for their solutions. Partnering with AllenComm to supplement and support human capital management needs has helped customers reduce expenses, shorten onboarding periods and raise the impact of their efforts.

View original content:https://www.prnewswire.com/news-releases/allencomm-recognized-as-a-top-content-provider-for-leadership-development-2025-by-elearning-industry-302346485.html

SOURCE AllenComm

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