Urban Air Mobility Market is estimated to register a CAGR of nearly 25.20% during the forecast period by 2022-2034
Growth rate as per future forecast
As per the systematic analysis and segment-wise study, the urban air mobility market is expected to grow with 25.20% CAGR. Reduce human intervention, intercity and intracity transportation, increasing investment activities around the world in urban air mobility market are Key factors to grow urban air mobility. During the forecast, urban air mobility is projected to $5.30 billion and predicted to grow at the highest CAGR during 2022 - 2034. North America (U.S.) is one of the expected regions to develop and invest more in urban air mobility to capture the market in 2034. According to the analysis, Singapore is predicted to have a high growth rate in 2034.
Based on component, the platform segment is expected to grow at higher CAGR during the forecast period
The urban air mobility is segmented into platform and infrastructure based on component. increasing traction in the drone infrastructure and possible use of drones for cargo and passenger transportation is pouring the investors. As eVTOLs demand is increasing for intercity and intracity transportation the platform segment to grow at higher CAGR from 2022 to 2034.
Based on operation, the autonomous segment is expected to grow at higher CAGR during the forecast period
The urban air mobility is segmented into piloted and the autonomous based on the operation. As the demand for autonomous eVTOLs for commercial application growing, it will be expected to drive this segment and the autonomous segment is expected to grow at a higher CAGR as compared to piloted segment between 2022 to 2034.
The key region for Urban Air Mobility
Meanwhile, Singapore is the fastest growing CAGR during the forecast period 2018-2025. Europe and Germany are one of the nations which are currently looking for the development of flying vehicles. Some of the Asia Pacific region considering urban air mobility market are China, U.A.E., and South Korea. Singapore and China are predicted to grow at the highest rate in the Asia-pacific region during the forecast.
Table of Content
i. By Component
b. Air Taxi Platform
c. Air Ambulance Platform
ii. By Operation
iii. By Range
iv. By Region
a. North America
vi. Rest of Europe
c. Asia Pacific
i. ANZ (Australia and New Zealand)
v. Rest of Asia Pacific
d. Latin America
e. Middle East and Africa
i. GCC (Gulf Cooperation Council)
Key Players and competitive benchmark
Read the full report: https://www.qnqmarketresearchinsights.com/Details/urban-air-mobility-market
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