Urban Air Mobility Industry Worth $28.3 Billion by 2030

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Urban Air Mobility
28.3 Billion by 2030
Industry
worth
The report "Urban Air Mobility Market by
Component (Infrastructure Solutions, Platform),
Platform Operation (Piloted, Autonomous), Range
(Intercity, Intracity), Platform Architecture,
Systems, End User and Region - Global Forecast to
2030"The urban air mobility market is projected
to grow from USD 2.6 billion in 2022 to USD 28.3
billion by 2030, at a CAGR of 34.3 from 2025
to 2030. The increasing demand for an
alternative mode of transportation in urban
mobility for commercial applications and
technological innovations in unmanned technology
are the major factors driving the
market. Download PDF Brochure _at_ https//www.market
sandmarkets.com/pdfdownloadNew.asp?id251142860 By
component, the infrastructure solutions segment
is expected to lead the market during the
forecast period. Based on component, the urban
air mobility market has been segmented into
infrastructure solutions and platform. The
infrastructure solutions segment of the urban
air mobility market is projected to at the
highest CAGR during the forecast period.
Infrastructure solutions are further segmented
into vertiports, charging stations, air traffic
management facilities, and maintenance
facilities. The growth of this segment is
attributed to the increase in urban air mobility
operations. The vertiports segment is expected
to account to lead the market in 2025-2030 owing
to a large amount of infrastructure development
globally. By platform architecture, the fixed
wing segment is expected to lead the market
during the forecast period. Based on platform
architecture, the Urban air mobility market has
been segmented into rotary wing, fixed wing and
fixed wing hybrid. The fixed wing segment is
projected to grow at a highest CAGR in the
forecasted period. This growth can be attributed
to the developments taking place in UAM market
with respect to partnership, investments, and
development of new products.
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The Avionics segment is projected to grow at the
highest rate in the forecasted period. By
system, the avionics segment is projected to grow
at the highest rate in the forecasted period.
Avionics in a UAM platform consists of flight
control systems, navigation systems,
communication systems, and sensors. The main
purpose of avionics is to control the operations
of aircraft and ensure its safety. Advanced
avionics are developed to improve the safety as
well as the utility of the platform. Europe The
largest growing region in Urban air mobility in
the forecasted 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 Airbus (US), Archer
Aviation (US), EHang (China), Hyundai motor group
tech (South Korea) and Wingcopter (Germany)
among others. Ask for Sample Report
_at_ https//www.marketsandmarkets.com/requestsampleN
ew.asp?id251142860
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