According to the new research report published by The Insight Partners, titled “Urban Air Mobility Market - Global Analysis and Forecast to 2027”, the global industrial battery market is expected to reach US$ 1,019.5 million by 2034, registering a CAGR of 5% during the forecast period 2019-2034.
Advances in aviation technologies are creating the potential to provide convenient and efficient on-demand transportation for people and cargo in metropolitan areas. Urban Air Mobility (UAM) is a transportation concept that has the potential to reconstruct societal mobility. It proposes highly affordable, accessible, and fast urban air transit, which would reduce ground-based congestion by off-loading the existing roadways transportation infrastructure. UAM relies on the gain in technologies such as distributed electric propulsion, new business models such as application-based ride-sharing, and trends in advanced aerospace manufacturing that will reduce production costs. Increasing the credit of vehicle automation and autonomous vehicle operations will be critical in achieving the autonomous UAM vision.
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Within the Urban Air Mobility market, various regions are observed to exhibit different growth trends. North America hold the largest share of the total Urban Air Mobility market. While the regions such as Europe and APAC are expected to exhibit high growth along with the increasing growth in industrial and Electronics and Semiconductor sector.
The Major Manufacturers Covered In This Report: Airbus SAS, Aurora Flight Sciences, Airspace Experience Technologies, Inc., Bell Textron Inc., EHang Intelligent Technology Co. Ltd, EmbraerX, Jaunt Air Mobility LLC, Kitty Hawk, Moog Inc., Volocopter GmbH, and among others.
The Insight Partners add the latest analytical research to a vast collection of research reports on the global Urban Air Mobility Market. It provides comprehensive knowledge of upcoming global market trends and existing scenarios in the global market. According to an informative report from a The Insight Partners, The report subtleties the far reaching and collective examination of Urban Air Mobility Market covering past, present, and estimate period.
Urban Air Mobility Market Segment by Regions, Regional analysis covers: Americas, United States, Canada, Mexico, Brazil, APAC, China, Japan, Korea, Southeast Asia, India, Australia, Europe, Germany, France, UK, Italy, Russia, Spain, Middle East & Africa, Egypt, South Africa, Israel, Turkey, GCC Countries.
The report segments the global urban air mobility market as follows:
Global Urban Air Mobility Market – By Platform
- Air Taxi
- Passenger Aerial Vehicle
- Cargo Aerial Vehicle
- Air Ambulance
Global Urban Air Mobility Market – By Operation
Global Urban Air Mobility Market – By Geography
- North America
- Rest of Europe
- Rest of the World
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