The urban air mobility (UAM) industry an attractive and upcoming business model that is not too far off from reality. Urban-centered air transportation is not a new concept in the mobility industry. Use of air taxis through on-demand helicopter services started in the 1970s, in some of the major cities globally, including Boston. With due course of time, the concepts have reached a level of maturity that currently has the potential to change the shape of aviation using efficient, quiet, and quick transportation services through scheduled and on-demand operations. Urban air mobility can serve a wide range of operations that include passenger transportation as well as cargo deliveries through aerial vehicles and drones, respectively.
The urban air mobility industry depends on various stakeholders and component providers in the market such as battery providers, airframe manufacturers, carbon fiber composites providers, and many others. The infrastructure such as vertiports is developed by service providers, such as Varon Vehicles in Latin America, and Skyports in Asia-Pacific.
With the growing congestion on roads, development of fixed-wing vertical take-off and landing aircraft are gaining traction as they do not require any runways for take-offs and landings. With the help of tilt-rotor technology, the higher cruising speed and vertical take-off and landing capabilities will help cover large distances in short spans of time.
Global Urban Air Mobility Industry Forecast, 2023-2035
The urban air mobility industry analysis by BIS Research projects the market to have a significant growth of CAGR 25.71% 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 40.10%. 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.
Urban Air Mobility Industry Report Information:
The anticipated urban air mobility industry will require better infrastructure and technology to cater to the demands of the market. The market is expected to grow rapidly with the innovation of electric aircraft that offer longer endurance and higher payload capacity. The new emerging players, as well as the existing companies, are developing next-generation vertical take-off and landing solutions that could benefit from this untapped market potential.
Key Questions Answered by this Urban Air Mobility Report:
- What are the futuristic trends in this market, and how is the market expected to change over the forecast years 2023-2035?
- What are the key drivers and challenges faced by the companies that are currently working in the global urban air mobility industry?
- How is the market expected to grow during the forecast period 2023-2035?
- What are the opportunities for the companies to expand their businesses in the urban air mobility market?
- Which region is expected to be leading the urban air mobility industry by 2035?
- What are the key developmental strategies implemented by the key players to sustain in this highly competitive market?
- What is the current and future revenue scenario of this market?
The report provides information on the futuristic trends, the supply chain analysis of the market, and the classification of the global urban air mobility industry based on applications, products, and regions. The report contains the business dynamics of the market, such as the drivers, challenges, opportunities for the companies, along with the business and corporate strategies followed by the key companies.
The report also explains the roles of the key market players in the global urban air mobility market. The country-wise analysis of the market covering the key countries in every region, namely the U.S., Canada, France, Russia, Germany, the U.K., Switzerland, China, Japan, and South Korea, among others has also been provided in this report.
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