Key Market Dynamics in Urban Air Mobility (UAM) Market

1
According to the new market research report the
Urban Air Mobility Market is projected to grow
from 5.3 billion in 2018 to 15.2 billion by
2030, at a CAGR of 11.33 from 2018 to
2030. The increase
need to operational
efficiency, reduction in human intervention for
intercity and transportation eVTOLs, and
investment
intracity using growing activities
around the world are key factors expected to
drive the market growth. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id251142860 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 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. Europe is projected to lead the market
during the forecast period
2
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. 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. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
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