Market Insights
As per recent research by MarkNtel Advisors, The Global Urban Air Mobility Market size was valued at USD 2.98 Billion in 2022 and is projected to grow at a CAGR of around 36.98% during the forecast period, i.e., 2023-28.
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Global Urban Air Mobility Market Driver
Surge in Vehicle Fleet Size Resulting in Massive Road Congestion: A sudden surge in population growth and the expanding number of vehicles significantly strain existing infrastructure, resulting in frequent traffic congestion. Citing challenges posed by road congestion, flying taxis, and autonomous aerial vehicles are being explored as they utilize the airspace to provide faster and more efficient travel options within cities. As a result, these innovative transportation modes, as a means to improve the overall efficiency of urban transportation networks, are gaining prominence worldwide, particularly across densely populated areas. Thus, the market outlook for urban air mobility seems promising during the forecast period.
Market Segmentation and Consumer Behavior:
By Operation
- Piloted
- Autonomous
By Range
- Intracity (20 Km – 100 Km)
- Intercity (101 Km – 400 Km)
By Component
- Platform
- Air Taxi
- Passenger Arial Vehicle
- Cargo Arial Vehicle
- Air Ambulance
- Last Mile Delivery
- Air Shuttles
- Others
- Infrastructure
- Charging Stations
- Traffic Management
- Vertiports
- Maintenance Facilities
By End User
- Civilian
- Last Mile Delivery
- Military
- Demining
- Reconnaissance
- Target Practice
- Arial Imaging Systems
- Unmanned Biologic Transport
- Medical Air Rescue
- Transport & Logistics
- Road Traffic Patrol
- Railway & Power Line Surveillance
- Others
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Urban Air Mobility Market Geographical Analysis:
By Region:
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Key Players and Competitive Strategies in the Urban Air Mobility Market
Several prominent players dominate the Urban Air Mobility Market, including:
- Aurora Flight Sciences
- Siemens
- Embraer
- Volocopter
- A3 by Airbus
- Workhorse Group
- Pipistrel
- Bell Textron
- Neva Aerospace
- Kitty Hawk
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Questions Addressed in this Study
1.What factors are driving the Urban Air Mobility Market growth?
2.How is the Urban Air Mobility Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Urban Air Mobility Market?
4.What is the current size of the Urban Air Mobility Market, and how is it projected to change in the future?
5.What is the future outlook for the Urban Air Mobility Market in terms of technological advancements and market expansion?
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