Explore the Urban Air Mobility Market worth $9.1 billion by 2030 at a CAGR of 13.5%

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Explore the Urban Air Mobility Market worth
9.1 billion by 2030 at a CAGR of 13.5 The
report "Urban Air Mobility Market by Component
(Infrastructure, Platform), Platform Operation
(Piloted, Autonomous), Range (Intercity,
Intracity), Platform Architecture, Unmanned Platf
orm 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. Download PDF Brochure _at_
https//www.marketsandmarkets.com/pdfdownloadNew.a
sp?id251142860 COVID-19 Impact on Urban Air
Mobility market With the COVID-19 pandemic, the
UAM supply chain is fairly impacted. The spread
of COVID-19 in the US and EU is expected to have
a negative impact due to lockdowns at research
development facilities of UAM vehicles. For
instance, Uber offloaded its Elevate unit to Joby
Aviation in December 2020, the company that was
at the forefront of launching on demand aviation
in a few cities by 2023. The lockdown in Asia
Pacific has resulted in business loss to many
upcoming startups in the UAM industry. Many
startups have failed to continue working in the
space due to delays in development and loss of
capital. The commercialization of UAM seems
delayed by a year compared to pre-COVID-19
conditions. Urban Air Mobility Market
Ecosystem Companies that provide platforms, as
well as the necessary ground infrastructure, are
the key stakeholders in the UAM market ecosystem.
Investors, funders, academic researchers,
integrators, service providers, and licensing
authorities serve as the major influencers in
this market. Based on range, the intercity
segment is projected to lead during the forecast
period
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Based on range, the market has been
segmented into intercity and intracity
transportation. The intercity segment is
projected to lead the market during the forecast
period, owing to large number of platforms being
used for intercity travel, and the cost of
platform being significantly high compared to
intracity platforms. The infrastructure segment
is projected to at the highest CAGR from 2025 to
2030 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. The
fixed-wing hybrid segment is projected to grow at
the highest CAGR from 2025 to 2030 By platform
architecture, the fixed-wing hybrid segment is
projected to grow at the highest CAGR from 2025
to 2030, owing to its higher stability compared
to rotary wing eVTOL. To carry passengers, the
platform needs higher stability to ensure safety
of passengers on board, especially for remotely
piloted or fully autonomous aircraft. Europe is
projected to be the fastest-growing market for
urban air mobility 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). The players are mostly
engaged in new product launches developments
and having a strong global presence will enhance
their position in the urban air mobility
market. Ask for Sample Report _at_ https//www.market
sandmarkets.com/requestsampleNew.asp?id251142860
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