Aviation News
Press release distribution service
Home > Aviation News & Resources
Aviation Industry
  • Aviation News
  • Business Aviation
  • Commercial Aviation
  • Defense
  • Submit News

    Watch Aviation News

  • Airbus News
  • Airlines News
  • Airport News
  • Aviation News
  • Boeing News

  • Urban Air Mobility Market Projected to reach $15.2 Billion by 2030 at a CAGR of 11.33%

     



    (Aviation-NewsWire.Com, July 22, 2020 ) According to the new market research report on the “Urban Air Mobility Market by Component (Infrastructure (Charging Stations, Vertiports, Traffic Management), Platform (Air Taxi, Personal Air Vehicle, Cargo Air Vehicle, Air Ambulance)), Operation, Range, and Region – Global Forecast to 2030″, MarketsandMarkets: The urban air mobility market is projected to grow from USD 5.3 billion in 2018 to USD 15.2 billion by 2030, at a CAGR of 11.33% from 2018 to 2030.



    Download PDF Brochure @



    https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=251142860



    Browse 73 market data Tables and 36 Figures spread through 141 Pages and in-depth TOC on “Urban Air Mobility Market – Global Forecast to 2030“



    Study Coverage



    The report segments and analyses the urban air mobility market on the basis of component (Infrastructure [Charging Stations, Vertiports, Traffic Management] and Platform [Air Taxi, Personal Air Vehicle, Cargo Air Vehicle, Air Ambulance]), operation (piloted and autonomous), and range (intracity and intercity), and maps these segments and subsegments across the major regions of the world, namely, North America, Europe, Asia Pacific, the Middle East, and Latin America.



    By component, the platform segment is expected to lead the market during the forecast period



    Based on component, the urban air mobility market has been segmented into infrastructure and platform. The platform segment is projected to grow at a higher CAGR from 2018 to 2030. This growth can be attributed to the increasing demand for eVTOLs for intracity and intercity transportation. In addition, with significant investments pouring into the development of drone infrastructure, the possibility of using drones for passenger and cargo transport is gaining traction in the platform segment.



    By operation, the autonomous segment is expected to lead the market during the forecast period



    Based on operation, the urban air mobility market has been segmented into piloted and autonomous. The autonomous segment is projected to grow at a higher CAGR than the piloted segment during the forecast period. The demand for autonomous eVTOLs for commercial application is expected to drive this segment. Autonomous aerial vehicles can be used in several areas of operations. These vehicles are programmable autonomous robots that can carry out tasks at high altitudes with increased power capacity.



    Major recent developments for urban air mobility:



    Lilium developed a flying taxi worth USD 90 million which was tested in Germany. It is a five-seater jet capable of vertical take-off and jet-powered flight.



    Workhorse Group unveiled its SureFly electric hybrid helicopter at the Paris Air Show. The SureFly is a personal helicopter/VTOL aircraft with four propeller arms, two fixed contra-rotating propellers on each arm, a backup battery to drive the electric motors if the engine fails, and a ballistic parachute that safely brings down the craft if needed



    Bell Helicopter revealed its full-scale electric vertical take-off and landing (VTOL) air taxi vehicle during CES 2019. The air taxi, Bell Nexus, is powered by a hybrid-electric propulsion system and features Bell’s signature powered lift concept incorporating six tilting ducted fans that are designed to safely and efficiently redefine air travel.



    Need for an alternative mode of transportation in urban mobility will lead to the growth of air taxi sub-segment of urban air mobility market from 2016-2030



    Europe is projected to lead the market during the forecast period



    Based on region, the Europe urban air mobility market is projected to witness the highest growth rate during the forecast period. The market growth in this region can be attributed to the increasing investments be leading eVTOL manufacturers to develop UAM for commercial applications. Investments are mainly driven by new product developments in European countries. Europe is one of the growing markets for eVTOLs as countries in this region, such as Germany, France, Estonia, and Bulgaria, among others are actively focused on developing the UAM ecosystem to facilitate cost-effective transportation. Another reason attributed to the high growth of this regional market is the increasing number of manufacturing bases for commercial eVTOLs in Europe.



    Ask for Sample Report @



    https://www.marketsandmarkets.com/requestsampleNew.asp?id=251142860







    About MarketsandMarkets™



    MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.



    MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

    MarketsandMarkets™

    Mr. Aashish Mehra

    1-888-600-6441

    sales@marketsandmarkets.com

    Source: EmailWire.Com

    Source: EmailWire.com

    Aviation News & Resources

    Aviation Resource Center
    We are pleased to offer you this exciting, new, and entirely free professional resource. Visit our Free Industry resource center today to browse our selection of 600+ complimentary Industry magazines, white papers, webinars, podcasts, and more. Get popular titles including:

    Governing
    Point of Beginning
    Overall Labor Effectiveness (OLE) Achieving a Highly Effective Workforce

    No credit cards, coupons, or promo codes required. Try it today!

    Press release service

    Aviation-Newswire.Com is part of GropWeb Network, online properties of GroupWeb Media LLC. Copyright © GroupWeb Media LLC. All Rights Reserved.

    For unlimited press release distribution for $99 per month, call (281) 645-4086 or start posting your press releases online at EmailWire.com.
    Copyright 2008 GroupWeb Media LLC
    GroupWeb Media Network

    Aviation-NewsWire | ArtNewsWire | Auction NewsWire | CRM NewsWire | ePhotoNewsWire | Energy Industry | EstateNewsWire | Entertainment-NewsWire.com | Food Beverage News | Glamour NewsWire | Health NewsWire | Hosting NewsWire | i-Auto NewsWire | i-Business News | i-Homeland Security.Com | iMac-NewsWire.Com | i-Press-Release-Service | i-SoftwareNews.com | iT-NewsWire.Com
    | i-TravelNewsWire.Com | MoneyNewsWire.Net | Movie-Stars-News.Com | MSNewsWire.Net | PharmaNewsWire.Com | Publishing-NewsWire.Com | RSSNewsWire.Net | Telecom-NewsWire.Net | Transportation-News.Com | USGovernment-News.Com | WebPosters.Net | Wireless-NewsWire.Com | VoIPNewsWire.Net | XSportsWorld.Net
    Aviation-NewsWire.Com - Newswire and Press Release service of GroupWeb Media LLC