Urban Air Mobility Market
What are the Growth Rate Parameters of the UAM Market?
According to Reports & Data, the global Urban Air Mobility Market size is expected to reach US$ 15.54 Billion in 2030. Market growth for urban air mobility products is accelerating.
The global urban air mobility market is estimated to be valued at US$ 3.10 Billion in 2023 and is projected to increase at a CAGR of 25.9% in the forecast period from 2022 to 2032.
Air transportation in low-altitude airspace (manned or unmanned) is called Urban Air Mobility (UAM). By 2023, the market will experience its first ray of commercialization, which is still at an early stage.
What are the Drivers of the Urban Air Mobility Market?
A key factor driving the growth of the urban air mobility (UAM) market is the increased demand for alternative transportation modes. Several companies have designed vertiport to accommodate different eVTOL aircraft sizes and operational volumes. Uber announced in April 2017 that it would collaborate with Aurora Flight Sciences to develop eVTOL aircraft that could be deployed in the Uber Elevate Network.
Additionally, the growth of the urban air mobility market has been supported by an increase in on-road traffic due to a rising population, which has resulted in lucrative opportunities. Currently, 70 manufacturers are involved in this market, including Boeing, Airbus, and Bell Helicopters. As of September 2018, more than $1.00 billion has been invested.
Why Choose the UAM Market?
UAM is expected to grow further as companies seek an efficient method of logistics and transportation. A significant part of the reason why smart city solutions is in high demand is the increasing urban population, the growing need to manage limited natural resources more effectively, and the increased emphasis on environmental sustainability. Smart City initiatives will increase demand for UAM, and players in the market will have to cater to such demand.
Over USD 1 billion in investments have been made since February 2019. These significant investments will aid in the growth of the urban air mobility market due to these significant investments by stakeholders in the air mobility sector. In Iceland’s Reykjavik, which has now become the world leader in urban air mobility, Aha and Flytrex provide operational research-based drone services, including deliveries to pick-up zones and customers’ yards.
The Future of UAM
In addition to designated take-off and landing areas, parking lots, and support facilities, urban planners anticipate vertiports to share many of the characteristics of today’s heliports. Vertiports differ from conventional heliports and airports in that they can accommodate both piloted and fully autonomous aircraft.
“According to Reports and Data – Rising demand for real-time data and developing connectivity advancements in smart airports are driving market revenue growth.”
The design and construction of vertical airports may require fundamentally different approaches than airports or heliports of today; they will have to be able to support the high level of automation and electrification embedded in eVTOL aircraft, which requires a reliable and consistent source of electricity.
A few vertiports will also serve as multimodal hubs, allowing passengers to transfer from one mode of transportation to another seamlessly.
It is becoming increasingly apparent that OEMs are looking to regulators for standards for vertiports, as well as the vehicles themselves, that OEMs can incorporate into their aircraft design processes, as the start of eVTOL operations is rapidly approaching.
Urban Air Mobility in Dubai Grand Royal Future!
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It is worth mentioning that Dubai is always striving to follow latest modern with everything new and modern in all fields, including modern and luxurious means of transportation. RTA has carried out safety tests on the “EHANG 184” flying car for public transportation in Dubai. Uber also encourages you to introduce UBER FLYING CARS DUBAI to be part of this paradigm shift in modern transportation.
RTA has stated that they are testing the safety of on the “EHANG 184” flying vehicle to be added for public transportation in Dubai, in addition, Uber introduced UBER FLYING CARS DUBAI to be a part of this paradigm shift in contemporary-day transportation
