Urban Air Mobility Market Growth Dynamics: Size, Share, and Trend Analysis Report
Markntel Advisors’ report, Urban Air Mobility Research Report: Industry Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2028, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Urban Air Mobility presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Urban Air Mobility Market Industry Research Report & Market Summary:
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. The market’s growth is driven primarily by the exponentially rising population and an expanding vehicle fleet, leading to increasing road congestion, i.e., augmenting the need for alternative transportation like urban air mobility solutions.
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Urban Air Mobility Market Dynamics:
Key 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.
Urban Air Mobility Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Operation
- Piloted
- Autonomous
Here, autonomous operations are anticipated to witness the fastest-growing demand during 2023-28. It owes principally to various benefits of developing these aircraft equipped with advanced technologies like the Internet of Things (IoT) & Artificial Intelligence (AI) to enhance cost-effectiveness and eliminate human errors.
By Range
- Intracity (20 Km – 100 Km)
- Intercity (101 Km – 400 Km)
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
Of all components, the demand for Air Taxis is anticipated to display the fastest growth in the Global Urban Air Mobility Market during the forecast period.
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.
Of all regions globally, North America dominated the Urban Air Mobility Market with the largest share in recent years, and the same trend is likely during 2023-28.
As indicated in the latest market research report published by Markntel Advisors, “Urban Air Mobility Research Report: Forecast (2023-2028)”, this report offers a detailed analysis of the industry, featuring insights into the Urban Air Mobility. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/global-urban-air-mobility-market.html
Top Companies Operating in the Urban Air Mobility Market:
- Aurora Flight Sciences
- Siemens
- Embraer
- Volocopter
- A3 by Airbus
- Workhorse Group
- Pipistrel
- Bell Textron
- Neva Aerospace
- Kitty Hawk.
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Urban Air Mobility Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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