European Urban Air Mobility Market will experience a noticeable growth during the forecast period 2019-2025

The European urban air mobility market is estimated to grow at a CAGR of 11.7% during the forecast period. Europe is estimated to witness optimistic growth in the market during the forecast period, owing to the rapid urbanization and the initiatives led by the European government for urban air mobility. As per the United Nations (UN), 74% of the European population was living in urban areas in 2018. This growing urbanization has significantly increased the problems regarding road congestion and crowding, which makes transport using ground-bound vehicles highly difficult in urban settings. As per the European Innovation Partnership on Smart Cities and Communities (EIP-SCC), in the EU, traffic congestion currently costs nearly $110.9 billion a year.

Request a Free Sample of our Report on European Urban Air Mobility Market: https://www.omrglobal.com/request-sample/european-urban-air-mobility-market

The European urban air mobility market is segmented on the basis of component and operation. Based on the component, the market is further segmented into infrastructure and platform. The infrastructure segment is further segmented into charging stations, traffic management, and others whereas, the platform segment is further classified into air taxi, personal air vehicle, air ambulance, and others.

The platform segment dominated the global urban air mobility market. The European urban air mobility market covers the analysis of five major regions including UK, Germany, Italy, Spain, and France. Apart from the major European economies, there are some other economies that show huge potential for the growth of the European urban air mobility market. Economies such as the Netherland, Belgium, and Iceland, among others. Netherlands ' urban air mobility sector has continuously improved itself over the last few years owing to the growing urbanization and traffic.

Volocopter is one of the German companies that has planned to conduct a trial flight in 2019 in Singapore with the support of the Singaporean government. The company further aims to commercialize the aircraft in the first half of the 2020s in the country. The government of the country is optimistic about the implementation of urban air mobility projects across the country and is providing full support in the development of urban air mobility infrastructure. For the pilot projects in the country, dedicated vertiports will be built on an experimental basis and the user-friendliness of the boarding process, along with other aspects, will be verified. The company is also focusing on market development and has partnered with the German airport management company Fraport in the development of eVTOL air taxi services based at airports.

A Full Report of European Urban Air Mobility Market is Available at https://www.omrglobal.com/industry-reports/european-urban-air-mobility-market

European Urban Air Mobility Market-Segmentation

By Component
o Infrastructure
o Platform

By Operation
o Piloted
o Autonomous

Regional Analysis
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe

Company Profiles
o Airbus SE
o Bell Textron, Inc.
o EHang
o Embraer SA
o Honeywell International, Inc.
o Lockheed Martin Corp.
o Safran S.A.
o Sumitomo Corp. Group
o Terrafugia
o Thales Group

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/european-urban-air-mobility-market

For More Information, Visit https://www.omrglobal.com/

Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +1 646-755-7667, +91 780-304-0404

About us:

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services.

This release was published on openPR.