Demand for an Efficient Mode of Logistics & Transportation is likely to stimulate demand.
Market Size – USD 3.1 billion in 2023, Market Growth - CAGR of 16.2%, Market Trends –Need for an Alternative Mode of Transportation in Urban Mobility
NEW YORK, March 18, 2019 (GLOBE NEWSWIRE) -- The Global Urban Air Mobility market is expected to reach USD 7.9 billion by 2030, according to a new report by Reports and Data. The market is still at a nascent stage and is expected to witness the first ray of commercialization by 2023.
The increase in demand for an alternative mode of transportation in Urban Mobility is one of the key factors which are driving the growth of UAM market. Also, the demand from companies for an efficient mode of logistics and transportation is expected to further aid in the growth of the UAM market. The growth in urban population, increase in the need to better manage limited natural resources together with increase in focus on environmental sustainability are the major factors for the rise in demand for smart city solutions. As of February 2019, more than USD 1 billion investment has been made. This significant investment by the stakeholders in air mobility sector, will aid to the growth of the Urban Air Mobility market. Ele.me which is owned by Alibaba has been given permission by Chinese government to deliver food by Unmanned aerial vehicle on 17 different routes from over 100 local restaurants, to residents of Shanghai’s Jinshan Industrial Park. In Mexico, Cape integrated with the city of Ensenada to deploy its Aerial Telepresence. The city reported a 10% decrease in city wide crime and a reduction of 30% in home burglary after a six month pilot project.
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Further key findings from the report suggest
In-Depth research report on Urban Air Mobility Market: https://www.reportsanddata.com/report-detail/urban-air-mobility-market
Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2023 to 2030. For the purpose of this study, Reports and Data have segmented the Urban Air Mobility market on the Component, Operations, Range, Verticals and Region:
By Component Outlook (Revenue, USD Million; 2023-2030)
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By Operations Outlook (Revenue, USD Million; 2023-2030)
By Range Outlook (Revenue, USD Million; 2023-2030)
By Verticals Outlook (Revenue, USD Million; 2023-2030)
Regional Outlook (Revenue, USD Million; 2023-2030)
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