There was an exciting session on Urban Air Mobility presented by Andre Stein, the CEO of Eve Urban Air Mobility at the 16th Aviation Management Conference. This article’s contents are majorly taken from Andre’s presentation but are supplemented by additional information for completeness. Let’s dive in!
What Is Urban Air Mobility (UAM)
The Federal Aviation Administration (FAA) defines UAM as –
Urban Air Mobility (UAM) envisions a safe and efficient aviation transportation system that will use highly automated aircraft that will operate and transport passengers or cargo at lower altitudes within urban and suburban areas.”
UAM Benefits for Consumers and Communities
NASA summarizes the UAM important use cases (See Figure 1).
Stein presented six significant benefits of UAM.
- Better Serve Urban Populations – By 2050, seventy percent (70%) of the world population will reside in cities, double of today’s urban population.
- Alleviate Traffic Congestion – Increased traffic congestion in cities has resulted in a loss of productivity equivalent to $88 billion annually.
- Reduce Traffic Fatalities – The 8th leading cause of fatalities worldwide; numbers expected to reduce.
- Reduce Carbon Emissions – UAM will be based on zero-emission electric vertical take-off and landing (eVTOL) vehicles.
- Fuel Economic Development – UAM will fuel economic growth by enhancing productivity and attracting investment.
- Democratize Air Travel – UAM will ultimately be placed at price points on par with ground transportation making it highly available and affordable.
UAM is Becoming a Global Priority
The US Government is highly supportive of the UAM developments. In a White House FY21 Administration budget priorities memo. The President of the United States emphasized – “Department and agencies should prioritize R&D that enables electric vehicle vertical take-off and landing …”
The Government of Dubai has passed new regulations “to help flying taxies and drone deliveries to take off.”
The city of Los Angeles and the World Economic Forum has presented a blueprint for the global adoption of UAM.
Glimpses of the UAM Market
According to Andre, the total addressable UAM market till 2035 is a whopping $200 billion. The technology would have carried 3 billion passengers by then using over fifty thousand eVTOLs.
In October last year, Eve Urban Air Mobility Solutions, Inc. (Eve) was launched as a new, independent company dedicated to accelerating the Urban Air Mobility (UAM) ecosystem. The company is a spin-off from EmbraerX. There are three main focus groups in the company.
- eVTOL development – design, development, and certification
- UAM Services – fleet operations with partners, service, and support
- Urban Air Traffic Management – developing solutions for shared and equitable air space management
How excited are you about this new technology which will change the way we travel within cities? We would appreciate your views. Please write to us in the comments section below.
About the presenter – Andre Stein, CEO, EVE Urban Air Mobility, has more than 20 years of multicultural experience in Strategy, Product Development, New Business, Market Intelligence, and Sales. Stein hails from the Kellogg School of Management. He is an avid traveller and passionate about mobility.