Urban Air Mobility Market To Reach USD 7.9 Billion By 2030
Market Summary Demand for an Efficient Mode of Logistics & Transportation is likely to stimulate demand. Market Size – USD 3.1 billion in 2023, Market Growth - CAGR of 16.2%, Market Trends –Need for an Alternative Mode of Transportation in Urban Mobility The Global Urban Air Mobility Market is expected to reach USD 7.9 billion by 2030, according to a new report by Reports and Data. The market is still at a nascent stage and is expected to witness the first ray of commercialization by 2023. The increase in demand for an alternative mode of transportation in Urban Mobility is one of the key factors which are driving the growth of UAM market. Also, the demand from companies for an efficient mode of logistics and transportation is expected to further aid in the growth of the UAM market. • Airport Shuttle and Air Taxis are expected to grow significantly since the markets are viable with a significant total available market value of USD 500 Billion at the market entry price points. • In US, Air taxi market has a potential demand of approximately 55,000 daily trips which can be served by 4,000 aircraft. For the initial years of operations, the annual market value is projected to be around USD 2.5 Billion, based on near term market entry assumptions. www.reportsanddata.com
Key Players: AIRSPACEX, Airbus A3, CityAirbus (Airbus Helicopters), Aurora Flight Sciences (A Boeing Company), Bartini, Carter Aviation, Lilium Aviation, Passenger Drone, Vimana, Volocopter, Joby Aviation, Workhorse, Terrafugia and Kitty Hawk / Zee Aero. Manufacturers who have designed an Aircraft Concept/CAD: AviaNovations, Delorean Aerospace, hopFlyt, Hoversurf, Jetpack Aviation, Japan Aerospace Exploration Agency, XTI Aircraft, VerdeGo Aero, Embraer and Pipistrel Segmentation: • By Component Outlook (Revenue, USD Million; 2023-2030), Infrastructure, Charging Stations, Vertiports, Traffic Management, Platforms, Air taxis, Air Shuttles, Air Metro, Air Ambulance, DroNav, Personal Aerial Vehicle, Cargo Aerial Vehicle, Others, • By Operations Outlook (Revenue, USD Million; 2023-2030), Piloted, Autonomous, • By Range Outlook (Revenue, USD Million; 2023-2030), Intercity (100 Kilometers to 400 Kilometers), Intracity (20 Kilometers to 100 Kilometers),By Verticals Outlook (Revenue, USD Million; 2023-2030), Military, Reconnaissance, Demining, Target practice, Civilian, Last Mile Delivery, Transport and Logistics, Aerial Imaging Systems, Unmanned Biologic Transport, Medical Air Rescue, Road Traffic Patrol, Railway and Power lines surveillance, Container Terminal Inspection, Oil Spill Inspection, Pylon Inspection, Others www.reportsanddata.com
Regional Urban Air Mobility Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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