The Global Urban Air Mobility Market is forecast to grow by $5,280.25 mnduring 2022-2027, accelerating at a CAGR of 27.5%during the forecast period

Rhea-AI Summary

The urban air mobility market is projected to grow by $5,280.25 million from 2022 to 2027, reflecting an impressive CAGR of 27.5%. This growth is attributed to increasing use of eVTOL aircraft in military applications, efficient logistics needs, and a demand for green energy solutions. The market segmentation includes autonomous and piloted aircraft, catering to delivery and passenger mobility applications across regions like North America, Europe, and APAC. Key players include EHang Holdings Ltd. and others. The report provides insights into market trends, challenges, and vendor performance, aiding stakeholders in strategizing for market opportunities.

Positive

• Projected market growth of $5,280.25 million from 2022 to 2027.
• CAGR of 27.5% indicating robust market potential.
• Increasing demand for eVTOL aircraft is driving market expansion.
• Growth in autonomous air ambulance demand and last-mile delivery models.

Negative

• None.

NEW YORK, March 6, 2023 /PRNewswire/ --

Global Urban Air Mobility Market 2023-2027

The analyst has been monitoring the urban air mobility market and is forecast to grow by $5,280.25 mnduring 2022-2027, accelerating at a CAGR of 27.5%during the forecast period. Our report on the urban air mobility market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

Read the full report: https://www.reportlinker.com/p06426864/?utm_source=PRN

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing use of eVTOL aircraft in military applications, need for efficient logistics and last-mile delivery modes, and growing need for green energy and noise-free aircraft.

The urban air mobility market is segmented as below:

By Type

• Autonomous
• Piloted

By Application

• Delivery
• Passenger mobility

By Geography

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies technological advancements as one of the prime reasons driving the urban air mobility market growth during the next few years. Also, increasing demand for autonomous air ambulances and growing integration of last-mile delivery models with courier, express, and parcel companies will lead to sizable demand in the market.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the urban air mobility market covers the following areas:

• Urban air mobility market sizing
• Urban air mobility market forecast
• Urban air mobility market industry analysis

This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading urban air mobility market vendors that include Airbus SE, Archer Aviation Inc., Bartini Inc., EHang Holdings Ltd., Embraer SA, Geely Auto Group, Honeywell International Inc., Joby Aviation Inc., Kitty Hawk Corp., Lilium GmbH, Lockheed Martin Corp., Moller International, Moog Inc., Raytheon Technologies Corp., The Boeing Co., Volocopter GmbH, Wingcopter GmbH, Wisk Aero LLC, Workhorse Group Inc., and Textron Inc. Also, the urban air mobility market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Read the full report: https://www.reportlinker.com/p06426864/?utm_source=PRN

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FAQ

What is the projected growth of the urban air mobility market?

The urban air mobility market is projected to grow by $5,280.25 million from 2022 to 2027.

What is the expected CAGR for the urban air mobility market?

The expected CAGR for the urban air mobility market is 27.5%.

Which companies are significant players in the urban air mobility market?

Significant players include EHang Holdings Ltd., Airbus SE, and Joby Aviation Inc.

What applications are driving the urban air mobility market?

Key applications driving the market include delivery and passenger mobility.

What regions are included in the urban air mobility market analysis?

Regions analyzed include North America, Europe, APAC, the Middle East, and Africa.