Urban Air Mobility Market Projected to reach $15.2 Billion by 2030 at a CAGR of 11.33%

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According to the new market research report on
the Urban Air Mobility Market by
Component (Charging Vertiports, Management),
(Infrastructure Stations, Traffic Platform (Air
Taxi, Personal Air Vehicle, Cargo Air Vehicle,
Air Ambulance)), Operation, Range, and Region
Global
Forecast to MarketsandMarkets
2030?, The
urban air mobility market is projected to grow
from USD 5.3 billion in 2018 to USD 15.2
billion by 2030, at a
CAGR of 11.33 from 2018 to 2030. Download PDF
Brochure _at_ https//www.marketsandmarkets.com/pdfdo
wnloadNew.asp?id251142860 Browse 73 market data
Tables and 36 Figures spread through 141 Pages
and in- depth TOC on Urban Air Mobility Market
Global Forecast to 2030 Study Coverage The
report segments and analyses the urban air
mobility market on the basis of component
(Infrastructure Charging Stations, Vertiports,
Traffic Management and Platform Air Taxi,
Personal Air Vehicle, Cargo Air Vehicle, Air
Ambulance), operation (piloted and autonomous),
and range (intracity and intercity), and maps
these segments and subsegments across the major
regions of the world, namely, North America,
Europe, Asia Pacific, the Middle East, and Latin
America. By component, the platform segment is
expected to lead the market during the forecast
period Based on component, the urban air mobility
market has been segmented into infrastructure
and platform. The platform segment is projected
to grow at a higher CAGR from 2018 to 2030. This
growth can be attributed to the increasing demand
for eVTOLs for intracity and intercity
transportation. In addition, with significant
investments pouring into the development of drone
infrastructure, the possibility of using drones
for passenger and cargo transport is gaining
traction in the platform segment. By operation,
the autonomous segment is expected to lead the
market during the forecast period Based on
operation, the urban air mobility market has been
segmented into piloted and autonomous. The
autonomous segment is projected to grow at a
higher CAGR
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than the piloted segment during the forecast
period. The demand for autonomous eVTOLs for
commercial application is expected to drive this
segment. Autonomous aerial vehicles can be used
in several areas of operations. These vehicles
are programmable autonomous robots that can
carry out tasks at high altitudes with increased
power capacity. Major recent developments for
urban air mobility Lilium developed a flying
taxi worth USD 90 million which was tested in
Germany. It is a five-seater jet capable of
vertical take-off and jet-powered
flight. Workhorse Group unveiled its SureFly
electric hybrid helicopter at the Paris Air
Show. The SureFly is a personal helicopter/VTOL
aircraft with four propeller arms, two fixed
contra-rotating propellers on each arm, a backup
battery to drive the electric motors if the
engine fails, and a ballistic parachute that
safely brings down the craft if needed Bell
Helicopter revealed its full-scale electric
vertical take-off and landing (VTOL) air taxi
vehicle during CES 2019. The air taxi, Bell
Nexus, is powered by a hybrid-electric
propulsion system and features Bells signature
powered lift concept incorporating six tilting
ducted fans that are designed to safely and
efficiently redefine air travel. Need for an
alternative mode of transportation in urban
mobility will lead to the growth of air taxi
sub-segment of urban air mobility market from
2016-2030 Europe is projected to lead the market
during the forecast period Based on region, the
Europe urban air mobility market is projected to
witness the highest growth rate during the
forecast period. The market growth in this region
can be attributed to the increasing investments
be leading eVTOL manufacturers to develop UAM
for commercial applications. Investments are
mainly driven by new product developments in
European countries. Europe is one of the growing
markets for eVTOLs as countries in this region,
such as Germany, France, Estonia, and Bulgaria,
among others are actively focused on developing
the UAM ecosystem to facilitate cost-effective
transportation. Another reason attributed to the
high growth of this regional market is the
increasing number of manufacturing bases for
commercial eVTOLs in Europe. Ask for Sample
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