Urban Air Mobility (UAM) Market Opportunities and Challenges by 2030 | MarketsandMarkets™

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The Urban Air Mobility Market is projected to
grow from USD 5.3 billion in 2018 to USD 15.2
billion by 2030, at a CAGR of 11.33 from 2018 to
2030. The need to increase operational
efficiency, reduction in human intervention for
intercity and intracity transportation using
eVTOLs, and growing investment activities
around the world are key factors expected to
drive the market growth. Download PDF Brochure
_at_ https//www.marketsandmarkets.com/pdfdownloadNew
.asp?id251142860 Platform segment projected to
grow at a higher CAGR than the infrastructure
segment 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 during the forecast period owing to
increasing investments from various eVTOL
manufacturers for commercial applications, such
as air taxi, personal air travel, cargo
transportation, and air ambulance. Autonomous
segment estimated 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
estimated to lead the market during the forecast
period, as autonomous eVTOLs are better suited
for passenger and cargo transportation and are
expected to be increasingly used for intercity
transportation. These autonomous eVTOLs can
operate in urban areas as they are equipped with
high-quality sensors and proven technology for
human-free operations. Presently, the market for
fully-autonomous aerial vehicles is smaller than
that of the piloted aerial vehicles. However,
the autonomous segment is projected to grow at a
higher rate during the forecast period. Europe
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 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 coountries
are fueling the growth of the European UAM
market.
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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). Ask for Sample Report _at_ https//www.marketsa
ndmarkets.com/requestsampleNew.asp?id251142860
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