Urban Air Mobility Global Market Report 2024 - By Demand, Size, Share, Trends, Forecast To 2033

The urban air mobility market size has grown exponentially in recent years. It will grow from $3.62 billion in 2023 to $4.38 billion in 2024 at a compound annual growth rate (CAGR) of 20.8%. The growth in the historic period can be attributed to urban development and smart city initiatives, infrastructure modernization, demand for time-saving transportation, advancements in electric propulsion systems, rise of ride-sharing and mobility services.

The urban air mobility market size is expected to see rapid growth in the next few years. It will grow to $8.8 billion in 2028 at a compound annual growth rate (CAGR) of 19.1%. The growth in the forecast period can be attributed to data-driven operations and safety measures, investment and funding opportunities, public acceptance and perception, demand for aerial ride-sharing services, infrastructure development for vertiports. Major trends in the forecast period include popularity of e-VTOLs, air traffic management solutions, focus on noise reduction, integration of AI and automation, urban infrastructure adaptations, user experience and accessibility.

Market Overview -
Urban air mobility refers to the use of highly automated small aircraft to carry passengers or cargo at lower altitudes in suburban and urban areas, which have been developed in response to traffic congestion. It also refers to emerging and existing technologies such as traditional helicopters, vertical-takeoff-and-landing aircraft (VTOL), electrically propelled vertical-takeoff-and-landing aircraft (eVTOL), and unmanned aerial vehicles (UAVs).

Download Free Sample of Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=6609&type=smp

Exploring The Urban Air Mobility Investment Boom
The rising investment in the urban air mobility market is expected to boost the demand of the market. There are many R and D investments in the urban air mobility industry, with many aerospace companies eyeing the urban air mobility market with high growth potential. For instance, according to American Airlines, a major airline headquartered in America, in June 2021, American Airlines Inc., announced it will invest in Vertical Aerospace. As part of the investment, American has agreed to pre-order, up to 250 aircraft, representing a potential pre-order commitment of $1 billion, and an option to order an additional 100 aircraft. American Airlines also expect to make a $25 million investment through private investment in public equity (PIPE) transaction in vertical. Therefore, the rising investment in the urban air mobility market is expected to boost its demand.

Competitive Landscape -
Major companies operating in the urban air mobility market report are Hyundai Motor Co, The Boeing Company, Lockheed Martin Corporation, Airbus SE, Honeywell International Inc., Uber Technologies Inc., Safran SA, Textron Inc., Embraer SA, Bell Textron Inc., Volocopter GmbH, Wisk Aero LLC, Joby Aero Inc., Terra Drone Corp, Airspace Experience Technologies Inc., Terrafugia Inc., Jetson Electric Bikes LLC., Fortem Technologies Inc., Karem Aircraft Inc., Urban Aeronautics Ltd., SkyDrive Inc., Lilium GmbH, EHang Holdings Limited, Carter Aviation Technologies, Jaunt Air Mobility LLC, hopFlyt Inc., EHang Intelligent Technology Co Ltd., Guangzhou EHang Intelligent Technology Co Ltd., Passenger Drone Research Private Limited, Archer Aviation Inc., Opener Inc., ElectraFly LLC

Anra's Vertiport Solutions For Urban Air Mobility
Major companies operating in the urban air mobility market are focused on developing innovative products such as vertiport management system to increase their profitability in the market. A Vertiport Management System (VMS) for Urban Air Mobility (UAM) is a comprehensive framework managing facilities dedicated to vertical takeoff and landing (VTOL) aircraft, including eVTOL vehicles and drones, incorporating infrastructure, technologies, and processes for efficient operation. For instance, in November 2023, ANRA Technologies, a US-based company offering complete solutions for drone operators and airspace management launched Vertiport Management System (VMS). The VMS, a flexible online platform, fills a crucial digital technology void in overseeing vertical takeoff and landing air mobility aircraft at vertiports. Its microservice structure accommodates diverse vertiport layouts, works with any aircraft, and links seamlessly with existing air traffic management systems. ANRA's airspace management services enable UAM operators to efficiently manage their entire flight process with a comprehensive suite of tools. The VMS, through intelligent data exchange, plays a vital role in ensuring the secure arrival and departure of UAM aircraft.

Browse Full Report @
https://www.thebusinessresearchcompany.com/report/urban-air-mobility-global-market-report

Key Segments -
The urban air mobility market covered in this report is segmented -
1) By Vehicle Type: Piloted, Autonomous
2) By Range: Intercity, Intracity
3) By End User: Ride Sharing Companies, Scheduled Operators, E-commerce Companies, Hospitals And Medical Agencies, Private Operators

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model"

Want To Know More About The Business Research Company?
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialise in various industries including manufacturing, healthcare, financial services, chemicals, and technology.

Global Market Model - World's Most Comprehensive Database
The Business Research Company's flagship product, Global Market Model (www.thebusinessresearchcompany.com/global-market-model) is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets which help its users assess supply-demand gaps

This release was published on openPR.