The Global Vertiports Market Takes Off to New Heights; As per a New Report Published by Absolute Markets Insights

Tue Aug 1, 2023 - 3:15pm GMT+0000

Global Vertiports Market to Gain Tremendous Growth Rate of ~62.3% during 2023 – 2031.

Houston, TX, Texas, United States – August 1, 2023

The concept behind vertiports is to create dedicated places in metropolitan areas where VTOL (vertical take-off and landing aircraft) vehicles may take off and land safely and efficiently. They are designed to allow the integration of air taxis and eVTOLs into current transportation networks, enabling urban commuters with a smooth transition between ground-based transportation and air travel. The next generation of VTOLs will require specialized transportation hubs linked to traditional modes of transportation such as trains, buses, and existing airports.

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The US Federal Aviation Administration (FAA) has issued new design criteria for these vertiports, as well as recommendations for the integration of what they call advanced air mobility (AAM) aircraft. These give designers and builders with information to guarantee safe takeoffs and landings, as well as appropriate distances for vertiports from existing runways.

Factors Supporting the Growth of the Global Vertiports Market

Several VTOLs (vertical take-off and landing aircraft) are in various stages of development, with manufacturers trying to capture a piece of potentially lucrative flying taxi business. To get urban aerial mobility (UAM) off the ground there us a need for safe VTOLs, modified air traffic management to accommodate them and additionally the public must embrace this new form of transportation which needs to inexpensive. For example, NASA’s Advanced Air Mobility programme is investigating how these vertiports or vertiplexes, which are several vertiports in close proximity, would integrate with existing infrastructure such as airports and heliports. More study is being performed to investigate new landing zones that might be developed from repurposed spaces, purpose-made locations, or incorporated into current infrastructure such as a railway or bus terminal. Thus the continuous research and developments in the upcoming years is driving the growth of the global vertiports market.

Global Vertiports Market Future

An array of manufacturers across the world, many funded by large aviation companies, are racing to be the first to construct an eVTOL (electrical vertical take-off and landing) vehicle suitable for passenger flights. Prototypes capable of transporting four or five people at speeds of more than 200km/h are currently being tested, and flying taxi services might be available as early as 2024 or 2025, when the first eVTOLs are scheduled to be certified safe for use. Looking ahead to the future of urban transportation, it is evident that the design and development of vertiports will be critical in designing the cities of tomorrow. Finally, the creation of vertiports constitutes an important step forward in the evolution of urban transportation. As cities continue to struggle with traffic congestion, air pollution, and socioeconomic injustice, the design and development of vertiports offers a possible alternative. Thus the global vertiports market has huge scope for growth during the upcoming years 2023-2031.

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Key Takeaways from the Global Vertiports Market

·       The Middle East region in recent years, has gone through significant changes particularly in Ras Al Khaimah (RAK), Dubai, Abu Dhabi, and Saudi Arabia. For instance, in March 2023, VPorts, one of the developer of vertiports, landed a partnership with RAK to build and maintain a vertiport at its global airport. The Department of Civil Aviation, Ras Al Khaimah, the emirate’s aviation regulatory authority, has endorsed this collaboration. The news follows previous Skyports vertiport announcement in February 2023, which said that the state head of government in Dubai has authorised Skyports vertiport design for areas in and around Dubai. VPorts also intends to develop its vertiport networks to all major industrial regions in the UAE by 2030, and that such vertiports would currently be available to all eVTOL manufacturers. Thus partnerships and collaborations will upsurge the expansion of the global vertiports market.

·       On the other hand, Skyports, a vertiport infrastructure expert, is collaborating with PARK24 CO., Japan’s largest parking lot and vehicle sharing operator, to convert current structures as hosts of future air taxi and other advanced air mobility (AAM) services. Skyports will participate in exploratory work in Japan, including feasibility evaluations, under its new deal. This will evaluate which of PARK24’s lots are appropriate for the building of vertiport infrastructure for air taxi and other AAM activities. The search will concentrate on Osaka and other cities that are expected to benefit from next-generation air transport, as well as current infrastructure capable of facilitating craft take-off and landing, charging, and the operation of ground mobility services such as PARK24’s shared riding activity. Thus Japan is proving to a potential region for the growth of the vertiports market during the forecast years.

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Key Developments in the Global Vertiports Market

·       In June 2023, Lilium N.V. and UrbanV have announced a collaboration to create Advanced Air Mobility (AAM) infrastructure. The firms’ collaboration to construct vertiport infrastructure will allow Lilium aircraft and customers to access eVTOL networks, with the initial emphasis on Italy and the French Riviera.

·       In June 2023, Ferrovial, has collaborated with Milligan, a UK-based property developer, to locate and develop locations for Urban Air Mobility (UAM) operations and the development of vertiports in the UK. The two businesses will identify high-demand regions, evaluate viable sites, and use evaluation criteria to establish each site’s feasibility for electric vertical take-off and landing (eVTOL) operations.

·       In February 2023, Siemens has collaborated with Skyway to create vertiports and assess the necessary infrastructure, primarily electrical and digital infrastructure, to support vertiport operations. Each organisation provides experience in certain areas that will be useful for creating, planning, building, and running vertiports.

Some of the players operating in the global vertiports market are

  • Aeroauto
  • Altaport, Inc.
  • Ferrovial
  • Siemens
  • SITA
  • Volocopter GmbH
  • Other Industry Participants

Global Vertiports Market

By Type

  • Vertihub
  • Vertibase
  • Vertispad

By Offerings

  • Infrastructure
  • Solutions

By Vehicle Type

  • Air taxis
  • Personal air vehicles
  • Cargo air vehicles
  • Air ambulance and medical emergency vehicles

By Platform

  • Rotary Wing
  • Tilt/Wing Prop
  • Lift and Cruise
  • Tailsitter

By Region

  • North America (U.S., Canada, Mexico, Rest of North America)
  • Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
  • Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
  • Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
  • Latin America (Brazil, Argentina, Rest of Latin America) 

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