Urban Air Mobility Market Hit Almost $6,889.4 Million Figure By 2030 | Boeing Company, Airbus SE, Uber Technologies Inc., Textron Inc., Lilium GmbH, Zipline Inc., EHang Holdings Ltd.

Urban air mobility basically refers to the urban transportation systems that provide air commuting options to the people. In many major cities and towns, these solutions are rapidly becoming popular, because of the rising road traffic congestion. For example, it has been observed with the help of surveys and studies that “the people in the U.S. spend, on an average, 90 hours in traffic jams every year”. Furthermore, due to these long traffic jams, “their expenditure on travelling increases by more than $1,000 each year”.

Besides the surging road traffic, “the increasing population levels and number of vehicles have also increased the incidence of road accidents, particularly in the developing nations such as India, China, and Indonesia”. Additionally, many travel and transportation companies are increasingly testing autonomous aerial systems for everyday commuting in many countries around the world. Due to these factors, the value of the global urban air mobility (UAM) market is predicted to rise from $895.0 million to $6,889.4 million from 2023 to 2030. The market is also predicted to exhibit a CAGR of 33.9% from 2023 to 2030.

Request to Get the Sample Pages: https://www.psmarketresearch.com/market-analysis/urban-air-mobility-market/report-sample

Passenger and cargo aircrafts are the two main types of UAM systems available in the market. Between the two, the adoption of passenger aircrafts will be higher in the coming years. Additionally, “these aircrafts will generate huge revenue in the urban air mobility market in future, on account of the fact that the tariffs for these services would be kept much higher” than that of the cargo planes, owing to their higher demand, especially in the major cities.

These urban aircrafts have two types of operating systems namely autonomous and piloted systems. Of these, “the adoption of autonomous operating systems will be higher in the urban mobility systems during 2020—2030”. This is mainly credited to the fact that the planes running on autonomous operating systems are preferred for use in both passenger and cargo services by both the customers and manufacturers over the piloted aircrafts. Furthermore, various aircraft manufacturing companies, infrastructure providers, and researchers working on airspace integration are increasingly making huge investments in autonomous air mobility solutions in order to develop better autonomous aircrafts.

In the future years, “Europe will observe the fastest growth in the adoption of UAM solutions” as compared to the other regions in the world, as per the calculations of P&S Intelligence, a market research company. This is ascribed to the soaring investments being made in France and Germany for increasing the procurement rate of the electric vertical takeoff and landing (eVTOL) aircrafts for commercial services. Additionally, the enhancing manufacturing capacities of the UAM firms based in Europe and the rising adoption of automated systems will further boost the adoption of UAM solutions in the region in future.

Make Enquiry Before Buying the Report: https://www.psmarketresearch.com/send-enquiry?enquiry-url=urban-air-mobility-market

Therefore, it can be said without any hesitation that the demand for UAM solutions will rise considerably throughout the world over the next several years, primarily because of the increasing prevalence of road accidents and increasing traffic congestion in major urban areas around the world.

Market Segmentation by Aircraft Type

Passenger
Air taxi
Airport shuttle
Air ambulance
Cargo
Market Segmentation by Range

Intracity
Intercity
Market Segmentation by Operation Type

Piloted
Autonomous
Market Segmentation by Region

North America UAM Market
By aircraft type
By range
By operation type
By country – U.S. and Canada
Europe UAM Market
By aircraft type
By range
By operation type
By country – Germany, France, Switzerland, U.K., Netherlands, and Rest of Europe
Asia-Pacific (APAC) UAM Market
By aircraft type
By range
By operation type
By country – China, Japan, Australia, Singapore, New Zealand, India, and Rest of APAC
Latin America, Middle East, and Africa (LAMEA) UAM Market
By aircraft type
By range
By operation type
By country – U.A.E., Brazil, and Rest of LAMEA

P&S Intelligence
Contact: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Follow us on LinkedIn: https://www.linkedin.com/company/pnsintelligence/

P&S Intelligence is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness.

This release was published on openPR.