Urban Air Mobility Market Size Was Valued At $2.3 Billion In 2021 And Is Projected To Reach $30.7 Billion By 2031, Growing At A CAGR Of 30.2% From 2022 To 2031

he global urban air mobility(UAM) market size was valued at $2.3 billion in 2021 and is projected to reach $30.7 billion by 2031, growing at a CAGR of 30.2% from 2022 to 2031.

Urban air mobility, often referred to as advanced air mobility, is a recently created concept that envisions a sustainable, affordable, safe, and accessible air transportation system for transporting people, managing emergencies, and delivering cargo within urban regions. UAM is a component of a larger on-demand mobility ecosystem where users can dispatch or use urban aviation services, courier services, shared automated vehicles, shared mobility, public transportation, and other cutting-edge and emerging transportation technologies to access mobility and delivery services on demand. Additionally, this might ease the strain on numerous persistently overworked infrastructures, including those in densely populated areas. Urban Air Mobility initiatives have already been tested for some time in cities like Singapore, Dubai, Dallas, and Los Angeles.

UAM is the term used to describe the employment of eVTOL (electric vertical takeoff and landing) aircraft and other types of aerial mobility in densely populated urban areas. UAM is being investigated as a potential solution for several cities' transit issues worldwide. UAM has a lot of potential, but there are also a lot of obstacles to overcome, such as infrastructural development, public acceptability, and regulatory barriers.

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The market for urban air transportation is still in its infancy, with the major competitors vying for a larger share of the market. The market is anticipated to expand steadily as a result of tactics like cooperation, mergers and acquisitions, and creating and releasing innovative items to draw in a captive audience. For instance, Volocopter unveiled the Voloconnect in May 2021. It is an electric vertical take-off and landing (eVTOL) aircraft that is intended to link cities and suburbs. The current intra-city aircraft series from Volocopter will be integrated with this product.

Segmentations:

Global Urban Air Mobility Market: Major Players
The Boeing Company
Lilium GmbH
EHang Holdings Ltd.
Zipline Inc.
Uber Technologies Inc.
Volocopter GmbH
Textron Inc.
Kitty Hawk Corp.
Airspace Experience Technologies Inc.
Airbus SE

Global Urban Air Mobility Market: By Types
Passenger
Cargo

Global Urban Air Mobility Market: By Applications
Intracity (20 to 100 Kilometers)
Intercity (100 to 400 Kilometers)

Global Urban Air Mobility Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Urban Air Mobility market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

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Without a doubt, daily time losses due to traffic congestion are enormous all over the world. People get stuck in traffic on their way to or from work, which wastes gasoline and lowers productivity. Additionally, this has an effect on the metro economy. We won't be able to control the problem of traffic congestion and its detrimental effects if we don't opt for new sustainable alternatives. Traffic congestion can be lessened by using urban air mobility transit. Today's top transport companies are utilising cutting-edge technology and getting ready to construct intelligent aerial vehicles for urban air mobility.

This report examines all the key factors influencing growth of global Urban Air Mobility market, including demand-supply scenario, pricing structure, profit margins, production and value chain / ecosystem analysis. Regional assessment of global Urban Air Mobility market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, scope of NPD in new markets, pricing strategies, innovation possibilities and much more.

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