Urban Air Mobility Market to Witness a Healthy CAGR of 31.1% with USD 49.09 Billion by 2032

The rising urbanization of cities owing to the increasing population density across the globe is the primary factor fueling the urban air mobility industry growth. Besides, the rising need to alleviate urban traffic congestion and the growing need to address environmental sustainability supports the expansion of the industry. The global urban air mobility market was valued at USD 4.30 billion in 2023. The industry is projected to grow to USD 49.09 billion by 2032, exhibiting a CAGR of 31.1% during the forecast period from 2024 to 2032.

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/urban-air-mobility-market/request-for-sample

𝐖𝐡𝐚𝐭 𝐢𝐬 𝐔𝐫𝐛𝐚𝐧 𝐀𝐢𝐫 𝐌𝐨𝐛𝐢𝐥𝐢𝐭𝐲?

Urban air mobility (UAM) is a new, secure air transportation system used to move cargo and passengers in urban environments. It uses small, electric aircraft to transport people and goods at low altitudes in urban areas. Urban air mobility is part of a larger ecosystem for on-demand mobility, where users can use urban air services, shared mobility, public transportation, and other novel transportation technologies as and when needed. UAM promises to relieve the strain on several continually overburdened infrastructures, such as those in metropolitan cities with rapidly growing populations. There are several types of urban air mobility solutions, including air shuttles & air metro, air ambulance & medical emergency vehicles, air taxis, personal air vehicles, and cargo air vehicles, amongst others.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

The key industry participants leverage innovative technology and a robust brand image to propel the expansion of the urban air mobility market. Besides, they focus on dedicated R&D initiatives and strategic mergers and collaborations to garner a larger revenue share. Among the key industry players include:

• Aero Group Holdings
• Airbus
• Archer Aviation
• Boeing
• EHang
• Eve Air Mobility
• Ferrovial S.E.
• Joby Aviation
• Kitty Hawk
• Lilium
• Pipistrel Group
• Textron Inc.
• Vertical Aerospace Ltd
• Volocopter
• Wingcopter GmbH

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/3551/2

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐥 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:

• The market is primarily segmented based on solution, operation, mobility type, platform architecture, and region.

• By solution analysis, the infrastructure segment is expected to experience significant growth as UAMs need specialized vertiports and heliports with designated areas for landing, takeoff, and other services.

• By operation analysis, the autonomous segment is expected to experience significant growth in the urban air mobility market as they reduce reliance on human pilots.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

• North America (U.S., Canada)

• Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)

• Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)

• Latin America (Brazil, Mexico, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/urban-air-mobility-market

𝐔𝐫𝐛𝐚𝐧 𝐀𝐢𝐫 𝐌𝐨𝐛𝐢𝐥𝐢𝐭𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬

• The infrastructure segment is expected to experience significant market growth during the forecast period due to increasing focus on urban integration planning, air traffic management systems, and charging and refueling stations.

• The autonomous segment is expected to experience significant growth during the market forecast period due to reduced human intervention, enhanced safety protocols, and urban congestion alleviation.

• The air taxis segment is expected to experience significant growth during the forecast period due to a greater focus on urban and suburban mobility solutions and electric propulsion technology.

• In 2023, the rotary wing segment accounted for a significant market share due to vertical takeoff and landing capability, urban accessibility, and niche navigation, and minimized ground infrastructure requirements.

• North America accounted for the largest market revenue share in 2023 due to technology adoption, investments and funding, and a supportive regulatory framework.

• The market is highly competitive owing to the existence of market players with a global presence, including Airbus, Boeing, EHang, Joby Aviation, Lilium, Volocopter, and Wingcopter GmbH, among others.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐄𝐱𝐜𝐚𝐯𝐚𝐭𝐨𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/excavator-market

𝐅𝐚𝐥𝐥 𝐏𝐫𝐨𝐭𝐞𝐜𝐭𝐢𝐨𝐧 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/fall-protection-equipment-market

𝐇𝐲𝐩𝐞𝐫 𝐂𝐚𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/hypercar-market

𝐇𝐲𝐝𝐫𝐨𝐠𝐞𝐧 𝐅𝐮𝐞𝐥 𝐂𝐞𝐥𝐥 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/hydrogen-fuel-cell-vehicle-market

𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐃𝐫𝐨𝐧𝐞 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/delivery-drone-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

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