This news is classified in: Aerospace Unmanned Systems
Jun 3, 2019
Urban air mobility provides safe and efficient transportation using piloted and autonomous aircrafts for intracity and intercity commutation. Huge investments from aircraft manufacturers, infrastructure providers, and airspace integration researchers have been made for urban air mobility operations, alongside other operations in the airspace. The urban air mobility is expected to be used for several operations, such as humanitarian missions, weather monitoring, ground traffic assessment, emergency medical evacuations, news gathering, package delivery, rescue operations, and passenger transport. The growing human intervention for intercity and intracity transportation using eVTOL and growing smart city investments for urban air mobility are expected to create significant opportunity in the global urban air mobility market.
Urban air mobility (UAM) is an attractive business proposition, which is not too far off in the future. As the road travel in large megacities becomes increasingly congested, the population commuting daily are looking for a better way to safely travel to work and other destinations. Urban air mobility can serve as the advanced way to commute on a daily basis. Urban air mobility, being a part of the future urban landscape, is a term used to describe the systems that enables on-demand, safe, highly automated, and passenger and cargo carrying air transportation services in a metropolitan environment for manned aircraft and unmanned aircraft systems.
According to the latest report, titled 'Global Urban Air Mobility (UAM) Market – Analysis and Forecast (2023-2035)’, the market is expected to report $5.32 billion revenue in 2023 at a significant CAGR during the forecast period 2023-2035. The global urban air mobility market has been segmented into aircraft type: rotor wing, fixed wing, and hybrid concepts. The rotor wing market is expected to acquire the largest share in 2023; however, hybrid concepts market is expected to grow at the highest CAGR during the forecast period, 2023-2035.
By Component (Aero Structures, Engine, Avionics, Rescue Equipment?s, Electrical System, Others), By Type (Light, Medium, Heavy), By End-Use (Commercial, Military), By Region, Competition, 2019-2029F
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