The global urban air mobility market is anticipated to experience substantial growth, reaching a value of $10.6 billion by 2030, according to a comprehensive report by ResearchAndMarkets.com. The report projects a compound annual growth rate (CAGR) of approximately 14.9% from its current value of $4 billion in 2023. Offering a holistic understanding of the market, the report includes market sizing, growth forecast, key drivers, challenges, and the competitive landscape.
The report presents a clear picture of the global urban air mobility market by segmenting it based on various factors, including components, range, platform operations, platform architecture, end-users, unmanned platform systems, and regions. Notably, the document also features detailed profiles of companies operating in the urban air mobility sector, providing valuable information for industry stakeholders and professionals to make informed decisions.
The companies mentioned in the report include Airbus SE, EHang Holdings Limited, Embraer SA, Honeywell International Inc., Hyundai Motor Group, Jaunt Air Mobility LLC, Joby Aero, Inc., Karem Aircraft Inc., Opener Inc., PIPISTREL d.o.o., Safran SA, Textron Inc., The Boeing Company, and Volocopter GmbH.
The drivers of the urban air mobility market growth include the increasing demand for alternative modes of transportation, the advantages of reduced pollution levels and transport time, and a heightened concern for the safety of human lives. However, there are also challenges to be addressed, such as limited adoption due to political, economic, social, technological, and legal factors, as well as concerns about the reliability of EVTOLs (Electric Vertical Takeoff and Landing aircraft) during transportation and their ability to predict the external environment.
The report spans the historical period from 2018 to 2022 and forecasts the market trends from 2023 to 2030. The market segmentation is categorized into components, range, platform operations, platform architecture, end-users, and unmanned platform systems.
The global urban air mobility market envisions a future of transformative growth, with the increasing demand for sustainable transportation solutions and advancements in electric aviation technology driving its development. However, it also acknowledges the challenges of adoption and reliability that the industry must confront to achieve its full potential.
For more detailed information, the full report can be accessed at ResearchAndMarkets.com. ResearchAndMarkets.com is a renowned source for international market research reports and market data, offering the latest insights on global and regional markets, key industries, top companies, new products, and emerging trends.
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