Aviation-NewsWire.Com, January 15, 2024 ) The Global Urban Air Mobility Market Size is poised for substantial growth, with a projected increase fro"> Aviation-NewsWire.Com, January 15, 2024 ) The Global Urban Air Mobility Market Size is poised for substantial growth, with a projected increase fro">
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  • Aerial Evolution: Understanding the Global Urban Air Mobility Market Growth Drivers and Projections Till 2030

    (Aviation-NewsWire.Com, January 15, 2024 ) The Global Urban Air Mobility Market Size is poised for substantial growth, with a projected increase from USD 3.8 billion in 2023 to an impressive USD 28.5 billion by 2030. This surge is anticipated to occur at a remarkable Compound Annual Growth Rate (CAGR) of 33.5% from 2023 to 2030. A comprehensive market analysis reveals that factors such as the escalating demand for rapid and sustainable transportation solutions are propelling the expansion of the UAM sector.

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    Key Market Segments and Insights:

    Solution Segment: Infrastructure Takes the Lead

    The infrastructure segment is predicted to register the highest CAGR during the forecast period. Cities globally are investing resources in developing vertiports, dedicated zones for air taxis and Electric Vertical Takeoff and Landing (eVTOL) aircraft. These vertiports require specialized amenities like charging stations, landing pads, and passenger facilities. The rise of UAM infrastructure aligns with the growing demand for sustainable transportation options, promising reduced congestion and improved urban mobility.

    Platform Operations: Autonomous Aircraft at the Forefront:

    The autonomous segment is expected to exhibit the highest CAGR in the UAM market. Technological advancements have paved the way for efficient and secure autonomous aircraft, contributing to the alleviation of urban congestion and improved accessibility. As regulations and infrastructure evolve, the use of autonomous aircraft in UAM is set to expand, reshaping the urban transportation landscape.

    End Users: Ridesharing Companies Revolutionizing Urban Mobility:

    Ridesharing companies are projected to experience the highest CAGR in the UAM market. Leveraging vertical takeoff and landing (VTOL) aircraft or drones, these companies offer convenient and time-saving aerial transportation options. The growth of ridesharing within the UAM ecosystem is transforming urban mobility, envisioning a future where flying taxis and on-demand aerial transportation become commonplace.

    Regional Outlook: North America Takes the Lead:

    North America is estimated to have the highest CAGR and largest share in the UAM market during the forecast period. Technological advancements, increased demand for efficient transportation, and government support have fueled the expansion of UAM in the region. The presence of established aerospace companies and innovative startups reflects North America's commitment to transforming urban air mobility.

    Key Market Players: Leading the Charge

    Major players in the UAM market include Textron Inc. (US), Wisk Aero LLC (US), Airo Group Holdings, Inc. (US), Wingcopter GmbH (Germany), and Vertical Aerospace (UK). These companies, equipped with robust manufacturing facilities and extensive distribution networks, operate across North America, Europe, Asia Pacific, Latin America, and the Rest of the World.

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    About MarketsandMarkets™

    MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.

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    Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

    The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

    Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.


    Mr. Aashish Mehra



    Source: EmailWire.Com

    Source: EmailWire.com

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