Urban Air Mobility Market | Market Outlook With Increasing CAGR Of 11.34% by 2026
This report provides in depth study of “Urban Air Mobility Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Urban Air Mobility Market report also provides an in-depth survey of key players in the market organization.
Global Urban Air Mobility Market Overview:
This Urban Air Mobility report begins with a basic overview of the market. The analysis highlights opportunity and Urban Air Mobility industry trends that have impacted the market that is global. Players around various regions and analysis of each industry dimensions are covered under this report. The analysis also contains a crucial Urban Air Mobility Market insight regarding the things which are driving and affecting the earnings of the market. The Urban Air Mobility Market report comprises sections together side landscape which clarifies actions such as venture and acquisitions and mergers.
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According to Market study, Global Urban Air Mobility Market valued approximately USD 5.25 billion in 2018 is anticipated to grow with a healthy growth rate of more than 11.34% over the forecast period 2019-2026. The Urban Air Mobility Market is continuously growing in the global scenario at significant pace. Urban air mobility (UAM) refers to on-demand and automated passenger or cargo-carrying air transportation services, typically flown without a pilot. Increasing need to enhance operational efficacy, escalating investment, increasing initiative towards smart cities and growing need for alternate transportation mode in urban mobility are the substantial driving factors of the market during the forecast period.
Additionally, surging demand for an efficient mode of logistics & transportation is further likely to propel the growth of the market in the coming future. Moreover, increasing demand for autonomous air ambulance vehicles is the major factors that likely to create numerous opportunity in the near future. In addition, urban air mobility aim to deliver scalable replicable services by capitalizing the benefit from aiding the third dimension to urban mobility, so this is also a factor that contributes towards promoting the demand of urban air mobility across the globe.
On the basis of segmentation, the Urban Air Mobility Market is segmented into Type, Application and Region. On the basis of Type segment, the market is sub-segmented into Infrastructure and Platform. The Application segment is classified into Air Taxi, Personal Air Vehicles, Cargo Air Vehicles, Air Ambulance, Others.
Major Players profiled in the Urban Air Mobility Market report incorporate: Kitty Hawk, Lilium, EHang, Volocopter, Airbus, Honeywell, Epicore
Top Industry News:
Honeywell (NYSE: HON) and Jaunt Air Mobility have signed a memorandum of understanding to define avionics, navigation, flight control, an electric propulsion system and connectivity solutions for Jaunt Air Mobility’s planned electrical vertical takeoff and landing aircraft (eVTOL). This will be Honeywell’s third collaboration with an air taxi company, assisting Jaunt Air Mobility with technology that will allow its air vehicles to interact safely and efficiently and help the company address regulatory and business challenges of the Urban Air Mobility (UAM) segment.
As part of the agreement, Honeywell and Jaunt Air Mobility will work together to develop the technical requirements, program statement of work and Definitive Agreement in support of Jaunt’s eVTOL demonstration program by the fall of 2021.
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
Key Questions Answered in this Report:
1 What will the market size be in 2026?
2 What are the key factors driving the Urban Air Mobility Market?
3 What are the challenges to market growth?
4 Who are the key players in Urban Air Mobility Market?
5 What are the market opportunities and threats faced by the key players?
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