As per current published report by Markntel Advisors the Urban Air Mobility Market is estimated to grow at a CAGR of around 36.98% during the forecast period, i.e., 2023-28. A detailed discussion of industry behavior is presented. It will assist companies and other stakeholders in making decisions that assure strong earnings in the upcoming years, and also describes the future trend. In order to assist readers in making defensible choices on market projects, this research will offer a useful summary of the market and its dynamic environment. The growth prospects that will enable the market to extend its operations in current markets will be the main focus of this analysis.

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Global Urban Air Mobility Market Driver

Surge in Vehicle Fleet Size Resulting in Massive Road Congestion: A sudden surge in population growth and the expanding number of vehicles significantly strain existing infrastructure, resulting in frequent traffic congestion. Citing challenges posed by road congestion, flying taxis, and autonomous aerial vehicles are being explored as they utilize the airspace to provide faster and more efficient travel options within cities. As a result, these innovative transportation modes, as a means to improve the overall efficiency of urban transportation networks, are gaining prominence worldwide, particularly across densely populated areas. Thus, the market outlook for urban air mobility seems promising during the forecast period.

The Urban Air Mobility Market has segmented the market into the following categories:

By Operation

(Piloted, Autonomous),

By Component

(Platform (Air Taxi Passenger Arial Vehicle Cargo Arial Vehicle Air Ambulance Last Mile Delivery Air Shuttles Others), Infrastructure (Charging Stations Traffic Management Vertiports Maintenance Facilities)),

By End User

(Civilian, Last Mile Delivery, Military (Demining Reconnaissance Target Practice), Arial Imaging Systems, Unmanned Biologic Transport, Medical Air Rescue, Transport & Logistics, Road Traffic Patrol, Railway & Power Line Surveillance, Others),

By Range

(Intracity, Intercity)

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By Region

- North America

- South America

- Europe

- Middle East & Africa

- Asia-Pacific

Competitive Environment Featuring Key Players:

Aurora Flight Sciences, Siemens, Embraer, Volocopter, A3 by Airbus, Workhorse Group, Pipistrel, Bell Textron, Neva Aerospace, Kitty Hawk

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