Global Urban Air Mobility Market (2020 to 2035) - Focus on Range, Application, Ecosystem, Operation, End-User, Platform Architecture, and Country - ResearchAndMarkets.com

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The "Urban Air Mobility (UAM) Market - A Global and Regional Analysis: Focus on Range, Application, Ecosystem, Operation, End-User, Platform Architecture, and Country - Analysis and Forecast, 2023-2035" report has been added to ResearchAndMarkets.com's offering.

The urban air mobility industry analysis projects the market to have a significant growth of CAGR 27.37% based on the values during the forecast period from 2023 to 2035. The Asia-Pacific region is expected to dominate the market by 2035 with a share of 39.27%. The Asia-Pacific region includes China, Japan, South Korea, and Singapore, but China is expected to acquire a major share in 2035 due to the increase in the population and traffic congestion in megacities in the country.

The urban air mobility market has gained huge importance in the past few years. This is due to the rising demand for an alternate mode of transportation that is quicker and more efficient than the current transportation services. Several government agencies and associations have started drafting policies and regulations to make sure that the airspace is managed to enable higher and safer operations of the aircraft and drones.

Scope of the Global Urban Air Mobility Market

The global urban air mobility market research provides the market information for segmentation, such as the classification of the vehicles based on their range and application, as well as the ecosystem, operations, end-use industry, and platform architecture. The market analysis examines the urban air mobility market outlook in terms of the trends, driving forces, opportunities, technological advancements, and competitive benchmarking, among others.

The report further takes into consideration the market and business dynamics, along with the detailed product contribution of the key players operating in the market.

Global Urban Air Mobility Market Segmentation

The report constitutes an extensive study of the urban air mobility industry. The report largely focuses on providing market information for the air mobility vehicles covering various segments, products, applications, and regions. The travel range included less than 20 kilometers, 20-100 kilometers, 100-400 kilometers, and greater than 400 kilometers. The applications were classified into passenger transportation, cargo transportation, medical and emergency aid transportation, and food delivery. The market is further segmented into operation, end-use industry, and platform architecture such as fixed-wing, rotor-wing, and others.

The urban air mobility market is segregated by region under four major regions, namely North America, Europe, APAC, and Rest-of-the-World. Data for each of these regions (by country) is provided.

Market Dynamics

Drivers

  • Growing Need for an Alternate Mode of Transportation in Urban Mobility

  • Demand for an Efficient Mode of Logistics and Transportation Service

  • Adoption of Urban Air Mobility Due to Environmental Concerns

Challenges

  • Impact of COVID-19 on Urban Air Mobility Market

  • Lack of Technology in Infrastructure in Megacities

  • Stringent Regulations on Urban Air Mobility Operations by Aviation Authorities.

Opportunities

  • Increasing Demand for Air Ambulance Vehicles

  • Smart City Initiatives Will Demand Urban Air Mobility

Companies Mentioned

  • Airspace Experience Technologies, Inc.

  • Aurora Flight Sciences

  • Bell Textron Inc.

  • DELOREAN AEROSPACE, LLC

  • EHang

  • EVE Air Mobility

  • Jaunt Air Mobility LLC

  • Joby Aviation

  • Kitty Hawk

  • Lilium GmbH

  • NEVA Aerospace

  • Opener

  • Pipistrel Group

  • Volocopter GmbH

For more information about this report visit https://www.researchandmarkets.com/r/bv37hg

View source version on businesswire.com: https://www.businesswire.com/news/home/20210414005700/en/

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