Automotive Urban Air Mobility Market Demand Analysis | Page 2

Countries in the region are focusing on developing the UAM ecosystem in
order to facilitate cost-effective transportation. North America is expected to
acquire largest share in the market and U.S. is the most prominent country
for the growth of urban air mobility market.
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Increase in the demand for enhanced human safety, efficiency and
investment activities are expected to boost the market growth. Urban air
mobility offers efficient and safe transportation with the use of piloted and
autonomous aircraft for intercity and intracity commutation. Huge
investments have been made by infrastructure providers, airspace
integration and aircraft manufacturers for urban air mobility operations with
other operations in the airspace. Growing human intervention for intracity
and intercity transportation using eVTOL and increasing smart city
investments for urban air mobility are expected to create huge opportunities
in the market.
However, limited reliability of eVTOLs during transportation and lack of
ability to predict the external environment is expected to operate as a key
restraint to the growth of the urban air mobility market over the forecast
period.
Further, for the in-depth analysis, the report encompasses the industry
growth drivers, restraints, supply and demand risk, market attractiveness,
BPS analysis and Porter’s five force model.
This report also provides the existing competitive scenario of some of the key
players of the urban air mobility market which includes company profiling