Automotive Urban Air Mobility Market Demand Analysis

Urban Air Mobility Market Anticipated to Expand on Account of
Increasing Demand for UAVs with USD 14.6 Billion by 2027
A recently published report Research Nester titled “Urban Air Mobility
Market: Global Demand Analysis & Opportunity Outlook 2027”
delivers detailed overview of the urban air mobility market in terms of
market segmentation by component, by operations, by range, by vertical and
by region.
The global urban air mobility market was valued at USD 5.4 Billion in 2018
and is anticipated to surpass USD 14.6 Billion by 2027. The market is
anticipated to record a CAGR of around 11.23% during the forecast period
i.e. 2019-2027 owing to the increasing demand for UAVs in commercial and
civil applications and growing need for efficient transportation. The market
is segmented by component into infrastructure which is further segmented
by charging stations, vertiports and traffic management; and platform which
is further segmented into air shuttles, air taxis, air metros, air ambulance,
cargo aerial vehicle, personal aerial vehicle. The market is further segmented
by operations into autonomous and piloted. On the basis of range, the market
is segmented into intracity (20-100kms) and intercity (100-400kms). By
verticals, the market is segmented into military, civilian, transport and
logistics, medical air rescue, container terminal inspection, road traffic
patrol and others.
The Europe region is anticipated to witness highest growth during the
forecast period attributed to increasing investments by leading eVTOL
manufacturers in order to develop UAM for commercial applications and rise
in the number of manufacturing bases for commercial eVTOLs. Investments
are compelled by new product developments in the countries of the region.