According to MarkNtel Advisors who is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently released a report on Urban Air Mobility Market – Industry Trends and Forecast to 2028 and provides a comprehensive analysis of the current and future market conditions. The market research insights offered in this report enhance understanding of the market landscape, potential challenges, and strategies to establish a strong brand presence. With detailed market segmentation, in-depth analysis of key players, examination of consumer and supply chain trends, and exploration of new geographic markets, the insights presented in this report simplify the effective marketing of products and services.
Global Urban Air Mobility Market Analysis and Size
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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Some of the major players operating in the Urban Air Mobility Market are Aurora Flight Sciences, Siemens, Embraer, Volocopter, A3 by Airbus, Workhorse Group, Pipistrel, Bell Textron, Neva Aerospace, Kitty Hawk.
Urban Air Mobility Market Growth 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.
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Market Segment and Geographical Analysis
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
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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