Urban Air Mobility Market worth $15.2 billion by 2030

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Urban Air Mobility Market by Component, Type,
Platform, Range and Region Global Forecast to
2030

• This report provides an analysis of the Urban Air
  Mobility Market for the next twelve
  years. It discusses industry and
• technological trends that are currently
• prevailing in the market. It analyses factors
  driving and restraining the
• growth of this market, as well as the challenges
  faced it.
• The market is estimated to be USD 5.3 billion in
  2018 and is projected to reach USD 15.2 billion
  by 2030, at a CAGR of 11.33 during the forecast
  period. Key factors fueling the growth of this
  market include increasing demand for enhanced
  operational efficiency, reduced human
  intervention, and an

increase in investment activities around the
world. Download PDF Brochure _at_ https//www.markets
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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 than the
infrastructure segment during the forecast
period. The increasing demand for air taxi for
intercity and intracity transportation at a
lesser cost as compared to conventional aircraft
is one of the major factors driving the growth of
this segment. Infrastructure has been further
segmented into vertiports, charging stations, and
traffic management. The traffic management
segment is expected to account for the largest
market share during the forecast period. Key
market players are focused on incorporating
Unmanned Traffic Management (UTM) in the existing
Air Traffic Management (ATC) system to enable
air transportation services using eVTOL with no
human intervention. Platform, on the other hand,
has been further segmented into air taxi,
personal air vehicle, cargo air vehicle, and air
ambulance. The air taxi segment is projected to
grow at the highest CAGR during the forecast
period due to huge investments in RD
activities for the development of the urban air
mobility ecosystem.
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In September 2017, Lilium developed a five-seat
flying taxi, worth USD 90 million, capable of a
vertical take-off and jet-powered flight. Based
on operation, the market has been segmented into
autonomous and piloted. The autonomous segment
is projected to grow at a higher CAGR during the
forecast period. The demand for autonomous
eVTOLs for commercial applications, such as air
taxi, personal transportation, and cargo in a
shorter time has enhanced the growth of this
segment. Based on range, the market has been
segmented into intercity and intracity
transportation. The intercity segment is
projected to witness a higher growth rate during
the forecast period. eVTOLs with on-demand
service will be ideal for intracity intercity
air transportation for passengers and cargo owing
to their capability of the point-to- point drop.
This efficiency is expected to lead to their
higher demand during the forecast years. 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
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 Kitty Hawk (US), Lilium
(Germany), EHang (China), Volocopter (Germany),
and A3 by Airbus (US). Partnerships and new
product launches were key strategies adopted by
these players to achieve growth in the market.
These strategies accounted for the major share
of the total growth strategies adopted by the
leading players in 2017. Dont miss out on
business opportunities in Urban Air Mobility
Market. Speak to our analyst and gain crucial
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