Urban Air Mobility Market worth $28.5 billion by 2030 – Exclusive Report by MarketsandMarkets™

CHICAGO, June 22, 2023 /PRNewswire/ — The urban air mobility market is estimated to be USD 3.8 billion in 2023 to USD 28.5 billion by 2030, at a CAGR of 33.5% from 2023 to 2030 according to a new report by MarketsandMarkets™. The increasing demand for fast and effective transportation, increasing the need for sustainable development are driving the growth of the urban air mobility market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251142860

Browse in-depth TOC on “Urban Air Mobility Market”

277 – Tables

49 – Figures

295 – Pages

Urban Air Mobility Market Report Scope:

Report Coverage	Details
Market Revenue in 2023	$3.8 billion
Estimated Value by 2030	$28.5 billion
Growth Rate	Poised to grow at a CAGR of 33.5%
Market Size Available for	2020–2030
Forecast Period	2023–2030
Forecast Units	Value (USD Million/Billion)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	By Solution, Mobility Type, Platform Operation, Range, Platform Architecture, End User, Region
Geographies Covered	North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge	Lack of skilled labor
Key Market Opportunities	Need for sustainable development
Key Market Drivers	Need for fast and effective transportation

Based on solution, the infrastructures segment is estimated to have the highest CAGR during the forecast period.

The infrastructure segment is projected to grow at the highest CAGR in the urban air mobility industry during the forecast period. The UAM infrastructure is experiencing significant expansion as numerous cities worldwide are dedicating resources to establish vertiports, designated areas for air taxis, and eVTOL aircraft to take off and land. These vertiports necessitate specialized amenities like charging stations, landing pads, and passenger facilities. Additionally, the development of airspace management systems is crucial for ensuring safe and efficient operations. The rapid growth of UAM infrastructure is fueled by the rising demand for sustainable transportation options, offering potential benefits such as decreased congestion and enhanced urban mobility.

Based on platform operations, the autonomous segment is estimated to have the highest CAGR in the forecasted period.

The autonomous segment is projected to grow at the highest CAGR in the urban air mobility market during the forecast period. Autonomous aircraft have emerged as efficient and secure transportation solutions, alleviated urban congestion and enhanced accessibility. Through recent technological advancements, these aircraft can autonomously navigate airspace and execute smooth take-offs and landings, ensuring seamless and dependable transportation options. As regulations and infrastructure continue to evolve, the utilization of autonomous aircraft in UAM is expected to expand further, reshaping the urban transportation landscape.

Based on end users, the ridesharing companies’ segment is estimated to have the highest CAGR in the forecasted period.

The ridesharing companies’ segment is projected to grow at the highest CAGR in the urban air mobility market during the forecast period. With the use of vertical takeoff and landing (VTOL) aircraft or drones, ride-sharing companies provide convenient and time-saving aerial transportation options. The growth of ride-sharing companies within the UAM ecosystem is revolutionizing urban mobility, paving the way for a future where flying taxis and on-demand aerial transportation.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=251142860

Based on region, the North America segment is estimated to have the highest CAGR and largest share during the forecast period.

The North American region is projected to grow at the highest CAGR and largest share during the forecast period. Various technological advancements, increased demand for efficient transportation, and government support have propelled the expansion of urban air mobility in this region. North America has attracted several established aerospace companies and innovative startups to transform urban air mobility.

The UAM market in North America is also driven by a wide array of applications, including air taxis, cargo delivery, and emergency services. This growth is expected to bring about a transformative shift in urban mobility, revolutionizing the future of transportation in the region.

Major players operating in the urban air mobility companies are Textron Inc. (US), Wisk Aero LLC (US), Airo Group Holdings, Inc. (US), Wingcopter GmbH (Germany), and Vertical Aerospace (UK), among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America, and Rest of the World.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=251142860

Browse Adjacent Market: Aerospace and Defence Market Research Reports &Consulting

Related Reports:

Cargo Drones Market by Solution (Platform, Software, Infrastructure), Industry (Retail, Healthcare, Agriculture, Defense and Maritime), Range (Close-Range, Short-Range, Mid-Range, Long-Range), Payload, Type and Region – Global Forecast to 2030

UAV Market by Point of Sale, Systems, Platform (Civil & Commercial, and Defense & Government), Function, End Use, Application, Type (Fixed Wing, Rotary Wing, Hybrid), Mode of Operation, Mtow, Range & Region – Global Forecast to 2027

Helicopters Market Size, Share & Industry Growth Analysis Report by Point of Sale, OEM-by Component & System, Type, Application (Military, Civil, and Commercial), Number of Engines (Twin Engines, Single Engines) and Geography- Global Growth Driver and Industry Forecast to 2027

eVTOL Aircraft Market by Lift Technology (Vectored Thrust, Multirotor, Lift plus Cruise), Propulsion Type (Fully Electric, Hybrid Electric, Hydrogen Electric), System, Range, MTOW, Mode of Operation, Application, and Region 2030

Autonomous Aircraft Market by Technology (Increasingly Autonomous, and Fully Autonomous), End Use (Commercial, Combat & ISR, Cargo, Passenger Air Vehicle, Personal Air Vehicle, Air Medical Services), Component, and Region (2018-2030)

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:

Mr. Aashish Mehra

MarketsandMarkets™ INC.

630 Dundee Road

Suite 430

Northbrook, IL 60062

USA: +1-888-600-6441

Email: sales@marketsandmarkets.com

Visit Our Web Site: https://www.marketsandmarkets.com/

Research Insight: https://www.marketsandmarkets.com/ResearchInsight/urban-air-mobility-market.asp

Content Source: https://www.marketsandmarkets.com/PressReleases/urban-air-mobility.asp