Global Urban Air Mobility (UAM) Market to Reach USD 7.83 billion by 2028

According to the latest research by SkyQuest Technology, the Global Urban Air Mobility (UAM) Market was valued at USD 3.21 billion in 2021, and it is expected to reach USD 7.83 billion by 2028, with a CAGR of 13.6% during the forecast period of 2022-2028. The research provides up-to-date Urban Air Mobility (UAM) market analysis of the current market landscape, latest trends, drivers, and overall market environment.

As urbanization and traffic grow, ground transportation networks are put under extreme strain. By introducing urban air mobility into the third dimension, a faster, safer, more secure, and more interconnected transportation system could be developed. Autonomous aircraft and flying cars are now a reality thanks to ongoing projects and tests conducted all over the world. The UAM sector, which is still in its early stages, saw significant growth with more than US$ 1 billion invested in the first few months of the pandemic. The two most notable investments were Toyota's US$ 590 million in Joby Aviation and the US$ 650 million IPO value of Guangzhou EHang Intelligent Technology Co. Ltd. The Federal Aviation Administration (FAA) also works with more than 15 eVTOL aircraft manufacturers. Within the next three to five years, Uber Air, Guangzhou EHang Intelligent Technology Co. Ltd, Volocopter GmbH, Joby Aviation, and Lilium GmbH all intend to begin operating commercial passenger services.

Read Market Research Report, "Global Urban Air Mobility (UAM) Market by Vehicle Type (Air Metros, Air Taxis, Air Ambulance, Last-Mile Delivery, Other), Range (Intercity, Intracity), End-Users (Ride-Sharing Companies, Scheduled Operators, E-Commerce Companies, Hospitals & Medical Agencies, Private Operators), and Region -Forecast and Analysis 2022-2028" by SkyQuest.

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The air ambulance segment was expected to be the largest segment due to the rising demand for emergency medical services. Due to pandemics, there is a greater need for air ambulances to transport patients to distant locations for medical treatment. Between 2021 and 2028, the air taxis market will experience rapid growth. This expansion is attributed to quick technological advancements, like those in prototype construction. A convergence of technologies, such as highly effective batteries, sophisticated manufacturing techniques, and autonomous vehicles like self-driving cars, is anticipated to support the segment growth rate during the forecast period. Private transportation in cities will grow the market for air taxis over the coming years.

The intracity segment dominates the market. The segment is growing as a result of the population growth and rural migration that is contributing to traffic jams in some of the busiest cities in the world, including New York, Munich, Rio de Janeiro, and Bengaluru. The intercity segment of the global market is anticipated to experience the highest growth due to technological advancements that have made urban air mobility a feasible option.

Report Findings
● Drivers- The increase in traffic in densely populated cities is one of the major factors driving this market's expansion. Long traffic jams in urban areas are a result of the escalating road traffic, which extends travel time.
● Restraint- Like other disruptive technologies, UAM has not yet reached the stage where it is free to innovate and where local, state, and federal authorities are providing adequate public protection.

What does this Report Deliver?
● Market Estimation for 20+ Countries
● Urban Air Mobility (UAM) Market demand by Region, Sub-Region, and Country
● Customization on Segments, Regions, and Company Profiles
● 100+ tables, 150+ Figures
● Global, Regional and Country specific Urban Air Mobility (UAM) Market Trends
● Comprehensive Mapping of Urban Air Mobility (UAM) Industry Parameters
● Attractive Investment Proposition in the Global Urban Air Mobility (UAM) Industry
● Competitive Strategies Adopted by Urban Air Mobility (UAM) Market Key Players
● Drivers, Restraints, Opportunities, Challenges and the impact on the Urban Air Mobility (UAM) Market Size
● Market growth rate till 2028
● Regulatory scenario, regional dynamics, and Urban Air Mobility (UAM) market insights of leading countries in each region
● In-depth Market insights by Region and Country
● Market Segmentation Trend Analysis, Opportunities and Growth
● Porter's five force analysis to know the market's condition
● Pricing Analysis and Urban Air Mobility (UAM) Market Sales
● Parent market analysis
● Product portfolio benchmarking

Speak with our analyst for more information:
https://skyquestt.com/speak-with-analyst/urban-air-mobility-market

SkyQuest has segmented the Global Urban Air Mobility (UAM) Market based on Vehicle Type, Range, End-User, and Region:
● Global Urban Air Mobility (UAM) Market by Vehicle Type (Revenue, US$ billion, 2021 - 2028)
○ Air Metros
○ Air Taxis
○ Air Ambulance
○ Last-Mile Delivery
○ Others
● Global Urban Air Mobility (UAM) Market by Range (Revenue, US$ billion, 2021 - 2028)
○ Intercity
○ Intracity
● Global Urban Air Mobility (UAM) Market by End-User (Revenue, US$ billion, 2021 - 2028)
○ Ride-Sharing companies
○ Scheduled Operators
○ E-commerce companies
○ Hospitals & Medical Agencies
○ Private operators
● Global Urban Air Mobility (UAM) Market by Region (Revenue, US$ billion, 2021 - 2028)
○ North America
■ US
■ Canada
○ Europe
■ Germany
■ France
■ UK
■ Italy
■ Spain
■ Rest of Europe
○ Asia Pacific
■ China
■ India
■ Japan
■ Rest of Asia Pacific
○ Central & South America
■ Brazil
■ Rest of CSA
○ Middle East & Africa
■ GCC Countries
■ South Africa
■ Rest of MEA

Key Players in the Global Urban Air Mobility (UAM) Market
● Textron Inc. (US)
● Uber Technologies Inc. (US)
● Airbus SE (Netherlands)
● Ehang (China)
● Safran SA (France)
● Volocopter (Germany)
● Lilium Aviation GmbH (Germany)
● Carter Aviation (US)
● AIRSPACEX (US)
● Aurora Flight Sciences (US)

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This release was published on openPR.