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Urban air mobility offers the most efficient and safe way for transportation with both autonomous and piloted aircraft for intercity and intracity communication. The civil and commercial applications sector got tremendous opportunities for UAVs as it’s increasing demand for efficient transportation.
Urban air mobility has a galaxy of opportunities for infrastructure providers, aircraft manufacturers, and researchers. There are many areas where urban air mobility expected to use such as passenger transport, package delivery, healthcare sector, traffic management, weather forecasting, and monitoring, and humanitarian relief operations.
Growth Rate as per future forecast
As per the systematic analysis and segment-wise study, the urban air mobility market is expected to grow with 25.20% CAGR. Reduce human intervention, intercity and intracity transportation, increasing investment activities around the world in urban air mobility market are Key factors to grow urban air mobility. During the forecast, urban air mobility is projected to $5.30 billion and predicted to grow at the highest CAGR during 2023 – 2035. North America (U.S.) is one of the expected regions to develop and invest more in urban air mobility to capture the market in 2035. According to the analysis, Singapore is predicted to have a high growth rate in 2035.
Market segmented with component
Increasing traction in the drone infrastructure and possible use of drones for cargo and passenger transportation is pouring the investors. As eVTOLs demand is increasing for intercity and intracity transportation the platform segment to grow at higher CAGR from 2023 to 2035.
Market segmented with the operation
As the demand for autonomous eVTOLs for commercial application growing, it will be expected to drive this segment and the autonomous segment is expected to grow at a higher CAGR as compared to piloted from 2023 to 2035.
Table of Content
By Component
Infrastructure
Air Taxi Platform
Air Ambulance Platform
Other
By Operation
Autonomous
Piloted
By Range
Intercity
Intracity
By Region
North America
US
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Rest of Europe
Asia Pacific
ANZ (Australia and New Zealand)
China
Singapore
Japan
Rest of Asia Pacific
Latin America
Brazil
Argentina
The Middle East and Africa
GCC (Gulf Cooperation Council)
Africa
The key region for Urban Air Mobility
Meanwhile, Singapore is the fastest growing CAGR during the forecast period 2018-2025. Europe and Germany are one of the nations which are currently looking for the development of flying vehicles. Some of the Asia Pacific regions considering the urban air mobility market are China, U.A.E., and South Korea. Singapore and China are predicted to grow at the highest rate in the Asia-pacific region during the forecast.
Key Players & competitive benchmark
Airspacex
Siemens
Digisky
Volta Volare
Delorean Aerospace
Karem Aircraft
Opener
Neva Aerospace
Bell Helicopter
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About QnQ Market Research Insights
QnQ MRI's relentless efforts to understand and analyze niche markets, we aim to discover and deliver insightful and intelligent solutions to our clients.
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