Urban Air Mobility Market Analysis, Trends and Global Forecast to 2030

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According to the new market research report the
Urban Air Mobility Market 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.
Recent technological developments, use of UAVs in
various civil commercial applications, and
significant investments in emerging economies
drive the urban air
market. Various such as Wisk (US),
mobility players Lilium
(Germany), Ehang
(China.), Volocopter (Germany), and Airbus A
Cubed (US), among others, are the key players
operating in the urban air mobility market. These
players are focused on development of UAM
platform. 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 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.
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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). Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id251142860 About MarketsandMarkets Mar
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