The increasing innovation and technological advancement in the aviation industry propel the growth of the Urban Air Mobility market. The surging road congestion placing a huge strain on transportation infrastructure due to rise in urban populace. By 2050, the urban population is expected to be double its current size. The burgeoning investment in smart city for urban air mobility, inclination to use UAM to improve the delivery of emergency services and soaring number of market players, led by aerospace, automobile, and technology companies are projected to fuel the growth of the market in the forecast period.
Key questions answered in the study:
According to MarkNtel Advisors’ research report “Global Urban Air Mobility Market Analysis, 2021”, the market is anticipated to grow at a CAGR of around 12% during 2021-26F. Based on Component, Platform is expected to grow at a high rate owing to the factors such as UAM facilitates easy and rapid transportation of human being and also goods. The demand for UAMs is increasing for transportation, medical products, and passengers, thereby, surging the growth of the platform segment.
“Global Urban Air Mobility Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for Urban Air Mobility providers across the Globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.
Asia-Pacific Growing at a Fastest Rate
Asia-Pacific region was amongst the fastest growing market in 2019. China acquired the highest market share in Asia-Pacific. The burgeoning crowded urban centres and rising congestion problem has propelled the spending toward the setup of a new transport ecosystem in China. The increasing technological advancement and investment in different electric vertical take-off, soaring demand for an efficient mode of logistics & transportation and rise in the number of product launches are the factors driving the growth of the market. Moreover, escalating focus toward sustainability of environment and presence of giant market players are driving factor anticipated to upsurge the growth of the Urban Air Mobility Market in the forthcoming period as stated in MarkNtel Advisors’ research report “Global Urban Air Mobility Market Analysis, 2021”.
According to MarkNtel Advisors’, the key players with a considerable market share in the Global Urban Air Mobility market are Aurora Flight Sciences, Siemens, Embraer, Volocopter, A3 by Airbus, Workhorse Group, Pipistrel, Bell Textron, Neva Aerospace, Kitty Hawk etc.