Urban Air Mobility Market to Reach USD 8.91 Billion by 2028
Companies covered in Urban Air Mobility Market are Textron Inc. Uber Technologies Inc. Airbus SE, Ehang, Safran SA, Volocopter, Lilium Aviation, Carter Aviation, AIRSPACEX, Aurora Flight Sciences and other featured players.
Pune, India, 11 Feb. 2022 (GLOBE NEWSWIRE) — The world urban air mobility market the size was $2.90 billion in 2020. The market is expected to grow from $3.01 billion 2021 to $8.91 billion in 2028 at a CAGR of 16.77% during the period 2021-2028. This vital information is presented by Fortune Business Insight™in its report entitled, “Urban Air Mobility Market, 2021-2028.” Factors such as increasing urbanization and worsening traffic conditions will drive the market during the forecast period. Additionally, the growing demand for creating faster, cleaner, safer and interconnected transportation will fuel the growth of the market.
List of key players present in the urban air mobility market:
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Textron Inc. (USA)
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Uber Technologies Inc. (USA)
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Airbus SE (Netherlands)
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Ehang (China)
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Safran S.A. (France)
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Volocopter (Germany)
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Lilium Aviation GmbH (Germany)
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Carter Aviation (USA)
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AIRSPACEX (USA)
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Aurora Flight Sciences (USA)
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segments
Vehicle type, range, operation, end user and region are studied for the market
Based on vehicle type, the market is segmented into air taxis, skytrain, air ambulance, last mile delivery and others.
By range, the market is divided into intercity and intracity.
In terms of operation, the market is broken down into piloted, hybrid and autonomous.
By end-user, the market is fragmented into ride-sharing companies, scheduled operators, e-commerce companies, hospitals and medical agencies, and private operators.
In terms of geography, the market is categorized into North America, Europe, Asia-Pacific, and Rest of the World.
Report cover
The report aims to provide a detailed overview of the inner workings of the urban air mobility industry by finding out the segments and sub-segments of the market. Factors such as R&D capabilities and manufacturing process optimization for dominant players are covered. Also, ongoing market trends and upcoming industry developments are noted. The report also focuses on several growth factors that have contributed to the growth of the market over the past few years.
Drivers and Constraints
Growing demands for Green solutions to support market growth
Growing demand for alternative modes of transportation and soaring road traffic is expected to drive the growth of the urban air mobility market over the forecast period. Moreover, growing urban population and increase in growing urban population will fuel the growth of the market. Additionally, the use of autonomous UAMs is expected to reduce pollution, reduce travel times, and reduce demand on current transportation infrastructure. These factors will drive the growth of the market.
However, factors such as growing security concerns, high initial investment and limited government support in terms of regulatory framework will limit the market during the forecast period.
Browse Detailed Abstract of Research Report with TOC:
https://www.fortunebusinessinsights.com/urban-air-mobility-uam-market-106344
Regional outlook
North America will hold the largest market share owing to the presence of dominant players
North America will capture the largest urban air mobility market share over the forecast period owing to growing presence of dominating players coupled with growing adoption metrics. Additionally, increased air traffic among residents will fuel the demand for air taxis and airport shuttle services. Factors such as last mile and cargo services associated with eVTOL aircraft will drive the market growth.
Europe will register the fastest growing market over the forecast period as the region is the breeding ground for majority of technological innovations. The increase in investment opportunities, along with the presence of prominent players, will promote the growth of the market.
Competitive landscape
Product development must be at the forefront of developing a sustainable market
The urban air mobility market is still at a nascent stage, with dominant players vying to capture a broader consumer base. The market is expected to grow at a steady pace through strategies such as collaboration, mergers and acquisitions, and the development and launch of new products to capture an attentive audience. For example, in May 2021, Volocopter unveiled the Voloconnect. It is an electric vertical take-off and landing (eVTOL) aircraft, designed to connect suburbs and cities. This product will integrate with Volocopter’s existing series of intra-city aircraft.
industry development
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Detailed Table of Contents:
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introduction
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Summary
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Market dynamics
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Market factors
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Market constraints
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Market opportunities
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key ideas
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Major Industry Developments – Major Contracts and Agreements, Mergers, Acquisitions and Partnerships
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Latest technological advances
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Analysis of the five forces of carriers
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Supply chain analysis
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TOC Continued…!
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