16 January 2020
Visiongain has launched a new aviation report: Urban Air Mobility Market Report 2020-2030: Forecasts by Platform (Air Taxi, Passenger Aerial Vehicle, Cargo Aerial Vehicle, and Air Ambulance), Infrastructure (Charging Station, Vertiports, Traffic Management), Operations (Piloted and Autonomous), Geography (Americas, EMEA, and Asia Pacific) Plus Analysis of Leading Companies.
Visiongain has determined that in 2020 the global urban air mobility air taxi submarket will be worth $1.57B due to an anticipated increase caused by several key factors – PLUS this unique report informs you how the market will increase by 13.6% to $7.2 Bn in 2021. Also included is crucial market information and analysis through to 2030. Overall, there will be a CAGR of 8.95% during this market forecast period as market growth continues to strengthen.
Global UAM market skyrocket growth is attributed to the maturity of connected infrastructure and digitalization which help service providers upgrading the mobility system to a completely new level – mobility will become "a truly connected system".
Another driving force (macro-economic factor) behind the urban air mobility market across the developed nations is the ever-increasing per capita income: Luxembourg- 113,196, Switzerland: 83,716, US- 65,111, Singapore-63,987 have very high per capita income, which gives their citizens a high buying power. Also, joint R&D initiatives taken by aerospace giants help to bring down the cost of UAM and make it affordable for the users across developing regions as well.
The Visiongain report analyst commented "The Americas Urban Air Mobility market is the dominant market across the globe, which is estimated to be valued US$ 5.9 billion in 2020 and is expected to reach US$ 11.3 billion by 2030, expanding at the CAGR of 6.6%. This significant growth is owing to the presence of aerospace players along with large tech companies in this region who are spending huge dollars on its R&D."
Leading companies featured in the report who are developing urban air mobility include Airbus Group, The Boeing Company, Bell Helicopters, Embraer SA, Honeywell International, Inc., Joby Aviation, Pipistrel USA, Rolls-Royce Holdings plc, Volocopter GmbH, Zunum Aero Inc. and others.
Notes for Editors
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