Urban Air Mobility Market Growth, Trends, Size, Share, Demand And Top Growing Companies : Airbus Group, Boeing, Volocopter GmbH, Honeywell International Inc., Neva Aerospace, Kitty Hawk, Lilium, and EHang.

The Urban Air Mobility Market is estimated to register substantial growth during the forecast period owing to increasing demand from various applications during the forecast period. Also, this market has witnessed number of key developments by major companies operating in the market including new product development, partnerships, contracts, and so on.
There has been heavy congestion of traffic in every urban area due to the increasing number of population and the growing amount of vehicles be it for personal or commercial use.
Urban air mobility or UAM is the term for air transportation services carrying either passengers or cargo which can be both automated as well as piloted. This method can help in the reduction of traffic and can also save the time of the people.

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Urban Air Mobility Market report covers share, size, and forecast (value and volume) by top players, regions, applications, and product types along with historical data. The Urban Air Mobility Market study covers in-depth insights on competitive scenario, description, wide product portfolio of key vendors, SWOT analysis and business strategy adopted by competitors, revenue, Porter's Five Forces Analysis, and sales estimates.

This market analysis will provide an exhaustive analysis of segments on the basis of market dynamics, current trends, and country level analysis of Urban Air Mobility Market industry. This market analysis offers industry forecast and estimates, along with segment and regional distribution and respective CAGRs. An in-depth analysis of value chain, competitive landscape, pricing strategies, and porter's five forces model analysis are also covered in the market study.

Key Factors Impacting Market Growth:

•Increasing trend of automation
•Increasing need for an efficient mode of transportation

Recent Developments in the Global Urban Air Mobility Market

•December 2021: As a part of the SESAR JUUspace4UAM large-scale demonstration, the first set of flight tests began in Rzeszów, Poland. The project was being funded by SESAR Joint Undertaking under the EU Horizon 2020 research and innovation program and is part of the SESAR JU's growing portfolio of projects and demonstrations on U-space and urban air mobility.

• December 2021: Volocopter established a new joint venture with Saudi Arabia's NEOM region to design, implement, and operate a public vertical mobility system in NEOM. The joint venture will be a sole operator to enable an open eVTOL ecosystem for vertical mobility services including logistics, emergency response, and tourism. NEOM earlier placed an order for 15 Volocopter aircraft to commence initial flight operations during 2023-2024.

• May 2021: Volocopter unveiled the VoloConnect at the EBACE Connect event. This eVTOL aircraft is designed to connect suburbs to cities and complements the company's existing family of aircraft for the intra-city mission. VoloConnect's distinctive hybrid lift and push design is expected to achieve certification within the next five years.

Key Players

The Urban Air Mobility Market studied is a discreetly consolidated market owing to the existence of the small and large market players. Some of the market players are Airbus Group, Boeing, Volocopter GmbH, Honeywell International Inc., Neva Aerospace, Kitty Hawk, Lilium, and EHang.

Segment analysis

Market segmentation is the process of dividing target market into clearly defined subgroups of consumers who have common priorities. By identifying these segments, marketing strategies can be developed to meet the priorities in a cost-effective way. Urban Air Mobility Market is segmented as By Component (Infrastructure, Platform), By Range (Intracity, Intercity), By Operation (Autonomous, Piloted)

Regional analysis

The market across North America held the largest share, owing to adoption of advanced technology. However, the market across the Asia-Pacific region is projected to register the fastest CAGR during the forecast period, due to growth of emerging countries such as India, South Korea, Japan, and China, and rapid urbanization in the region.

Regions mention in this report is:

North America: US, Canada, Mexico
Europe: Russia, Turkey, Germany, UK, France, Spain, Rest of Europe
Middle East & Africa: UAE, Saudi Arabia, Qatar, Iraq, South Africa Rest of Middle East & Africa
South America: Brazil, Argentina, Colombia, Rest of South America
Asia Pacific: China, Japan, India, South Korea, Australia Rest of Asia Pacific

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The study of the market includes

• Market share study by end-user, service, application, and region
• Investments in R&D and demonstration projects are covered, as well as a full overview of Urban Air Mobility Market
• Assessment of regulatory trends and incentives, regional economic development rate, implementation timeline, and environmental constraints

Purchase this report for the following reasons:

• The Urban Air Mobility Market research provides a detailed examination of evolving competitive dynamics.
• It provides a forward-looking viewpoint on numerous driving variables or market evolution prevention strategies.
• It presents a six-year prediction based on how the Urban Air Mobility Market is expected to expand. It aids in the knowledge of major product areas and their future prospects in the Urban Air Mobility industry.
• It gives a precise understanding of changing competitive dynamics and keeps one-step ahead of the competition.
• It assists in making informed commercial decisions by providing complete market insights and extensive market segment analyses.

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