According to MarkNtel Advisors study 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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Key Findings of the Study: Urban Air Mobility market
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.
Global Urban Air Mobility Market Opportunity
A Game-Changer for Goods Delivery and Emergency Management: The emerging applications of Unmanned Aerial Systems in transporting consumer goods, medical supplies, and emergency equipment seem promising for the market. This technology could revolutionize emergency management by enhancing response times, alleviating traffic congestion, and minimizing pollution. In addition, UAS can be utilized in fire rescue operations, swiftly delivering critical medical supplies and assisting in life-threatening situations requiring air ambulances. This subsequently highlights the potential for substantial growth in the urban air mobility market as governments, organizations, and communities recognize the value of these systems in enhancing safety and efficiency during critical situations.
For more detailed information about the Urban Air Mobility market report, click here – https://www.marknteladvisors.com/research-library/global-urban-air-mobility-market.html
Scope of the Report and Urban Air Mobility Market Segmentation:
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
Here, autonomous operations are anticipated to witness the fastest-growing demand during 2023-28.
Urban Air Mobility Market Competitive Landscape
- Aurora Flight Sciences
- Siemens
- Embraer
- Volocopter
- A3 by Airbus
- Workhorse Group
- Pipistrel
- Bell Textron
- Neva Aerospace
- Kitty Hawk
Urban Air Mobility Market Development:
- In April 2023, Aurora Flight Sciences unveiled the latest version of its SKIRON Expeditionary small UAS (SKIRON-X). This advanced unmanned aircraft system falls under the Group 2 category and combines the benefits of an electric vertical take-off and landing (eVTOL) setup with the extended endurance offered by a fixed-wing design.
Geographical Analysis:
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
Of all regions globally, North America dominated the Urban Air Mobility Market with the largest share in recent years.
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