The urban air mobility market size was USD 2.90 billion in 2020. The market is projected to grow from USD 3.01 billion in 2021 to USD 8.91 billion in 2028 at a CAGR of 16.77% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report titled, “Urban Air Mobility Market, 2021-2028.” Factors such as increasing urbanization and degrading traffic conditions will boost the market during the forecast period. Also, the rising demand for creating faster, cleaner, safer, and interconnected transportation will fuel the growth of the market.
Information Source-
https://www.fortunebusinessinsights.com/urban-air-mobility-uam-market-106344
Segments
Vehicle Type, Range, Operation, End User, and Region are studied for the Market
Based on vehicle type, the market is segmented into air taxis, air metro, air ambulance, last-mile delivery, and others. By range, the market is divided into intercity and intracity. In terms of operation, the market is broken down into including piloted, hybrid, and autonomous. By end user, the market is fragmented into ride-sharing companies, scheduled operators, e-commerce companies, hospitals and medical agencies, and private operators. In terms of geography, the market is categorized into North America, Europe, Asia Pacific, and the Rest of the World.
Report Coverage
The report focuses on providing a detailed insight into the inner working of the urban air mobility sector by uncovering the segments and subsegments for the market. Factors such as R&D capabilities and optimization of the manufacturing process for the dominant players are covered. Besides, ongoing market trends and upcoming industry developments are noted. The report also focuses on several growth factors that have contributed for the growth of the market over the past years.
Industry Development
- July 2021: Klein Vision Flying Car completed its maiden intercity trip. The ride was recorded at 35 minutes and took around 3 minutes to transform from a car to an aircraft.
