The Urban Air Mobility is a transportation system that allows people to move by from one place to another by air. With the rapid growth of the population, transportation systems are developing ways to solve the traffic congestion in urban areas. However, it has led to a rise in air pollution, and researchers & developers are looking for ways to rectify the restraints to build a better transportation system for everyone.
| Report Coverage | Details |
| Study Period | Historical Data: 2016-20 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| Unit Denominations | USD Million/Billion |
Market Segmentation
Intercity Segment Attain Highest CAGR
Based on range, the intercity segment is likely to attain the highest CAGR in the Global Urban Air Mobility market between 2021-26. The extensive government investments toward platforms, soaring inclination toward eVTOL, and escalating developments in urban air transportation are the factors likely to multiply the market growth, says MarkNtel Advisors in their research report, "Global Urban Air Mobility Market Analysis, 2021."
According to MarkNtel Advisors' research report, "Global Urban Air Mobility Market Analysis, 2021," the market is likely to grow at a CAGR of around 12% during 2021-26. The overcrowding in the urban area due to the rising population has overburdened the road infrastructure, which has resulted in increased traffic congestion. These are the key factors driving the growth of the urban air mobility (UAM) market.
Moreover, the snowballing demand for an efficient future mobility solution, escalating investments toward developing UAM vehicles, and various government initiatives for introducing commercial air taxi services are factors likely to influence the urban air mobility market growth in the forecast period.
Competitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the Global Urban Air Mobility market include Aurora Flight Sciences, Siemens, Embraer, Volocopter, A3 by Airbus, Workhorse Group, Pipistrel, Bell Textron, Neva Aerospace, Kitty Hawk, etc.
Market Outlook, Segmentation and Statistics
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on Global Urban Air Mobility Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of Global Urban Air Mobility Market during 2021-26?
A. The Global Urban Air Mobility Market is anticipated to grow at a CAGR of 12% during 2021-26.
Q. Who are the key competitors or players operating in Global Urban Air Mobility Market?
A. Aurora Flight Sciences, Siemens, Embraer, Volocopter, A3 by Airbus, Workhorse Group, Pipistrel, Bell Textron, Neva Aerospace, Kitty Hawk etc., are few of the leading players in the Global Urban Air Mobility Market.
Q. Which end-user would emerge as an opportunity area for players in Global Urban Air Mobility Market?
A. Transport & Logistics is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in Global Urban Air Mobility Market?
A. Asia-Pacific continue to grow at a highest CAGR, presenting immense opportunities for market players of Global Urban Air Mobility Market.
