Urban Air Mobility Market worth $9.1 billion by 2030 - Exclusive Report by MarketsandMarkets™

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According to the latest market research the
report "Urban Air Mobility Market by Component
(Infrastructure, Platform), Platform Operation
(Piloted, Autonomous), Range (Intercity,
Intracity), Platform Architecture, Unmanned
Platform Systems, End User and Region - Global
Forecast to 2030", is projected to grow from USD
2.6 billion in 2020 to USD 9.1 billion by 2030,
at a CAGR of 13.5 from 2020 to 2030. The
increasing demand for an alternative mode of
transportation in urban mobility for commercial
applications and technological innovations in
unmanned technology are the major factors
driving the market. Browse 235 market data Tables
and 41 Figures spread through 246 Pages and
in-depth TOC on "Urban Air Mobility Market -
Global Forecast to 2030" Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id251142860 By component, the
infrastructure 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
infrastructure segment of the urban air mobility
market is projected to at the highest CAGR from
2025 to 2030. This growth is attributed to the
increasing deployment of eVTOL aircraft for
intracity travel leading to an increase in the
need for infrastructure. Infrastructure has been
further segmented into vertiports, charging
stations, air traffic management facilities, and
maintenance facilities. The vertiports segment is
expected to account for the largest market share
in 2025 owing to expected large amount of
infrastructure development globally. By platform
operations, the autonomous segment is expected to
grow fastest from 2025 to 2030 Based on platform
operations, the market has been segmented into
autonomous and piloted. The autonomous segment
is projected to grow at a higher CAGR from 2025
to 2030. This growth can be attributed to the
significant investments being made to develop
cost-effective solutions for passenger and cargo
transportation for intracity and intercity
transportation. By Range, the intracity segment
is projected to witness a higher growth rate
during the forecast period Based on range, the
market has been segmented into intercity and
intracity transportation. The intracity segment
is projected to witness a higher growth rate
during the forecast period. Factors such as the
increasing traffic congestion in urban
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areas due to the growing population and migration
from rural areas are expected to drive the
growth of intracity urban air mobility. By
unmanned platform by systems avionics segment is
estimated to lead from 2025 to 2030 Based on
unmanned platform by systems the market has been
segmented aerostructures, avionics, electrical
systems, propulsion systems, cabin interiors, and
software. The avionics segment is estimated to
lead from 2025 to 2030 owing to increasing
developments in platform avionics systems from
remotely piloted aircraft to fully autonomous
aircraft. For full autonomy, a suite of
sophisticated avionics systems act as an
integral part of the platform. Europe is
projected to lead the market during the forecast
period The Europe urban air mobility market is
projected to grow at the highest rate during the
forecast period. Countries in this region, such
as Germany, UK, and France, are investing
heavily in the development and procurement of
advanced eVTOL systems for commercial
operations. Advancements in the manufacturing
capability of emerging economies in this region
will drive the market. Additionally, the ever-
increasing trend of automation and globalization
in these countries are fueling the growth of the
European urban air mobility market. Key Market
Players Some of the key players profiled in the
urban air mobility market report include Wisk
Aero (US), Lilium (Germany), EHang (China), Jaunt
Air Mobility (US) and Volocopter (Germany) among
others. Ask for Sample Report _at_
https//www.marketsandmarkets.com/requestsampleNew
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