DUBLIN–(BUSINESS WIRE)–The “Global Urban Air Mobility Market Research Report: Forecast (2021-2026)” report has been added to ResearchAndMarkets.com’s offering.
The market is likely to grow at a CAGR of around 12% during 2021-2026.
The Urban Air Mobility is a transportation system that allows people to move by from one place to another by air. With the rapid growth of the population, transportation systems are developing ways to solve the traffic congestion in urban areas.
However, it has led to a rise in air pollution, and researchers & developers are looking for ways to rectify the restraints to build a better transportation system for everyone.
Intercity Segment Attain Highest CAGR
Based on range, the intercity segment is likely to attain the highest CAGR in the Global Urban Air Mobility market between 2021-26. The extensive government investments toward platforms, soaring inclination toward eVTOL, and escalating developments in urban air transportation are the factors likely to multiply the market growth, says the author in their research report, Global Urban Air Mobility Market Analysis, 2021.
The overcrowding in the urban area due to the rising population has overburdened the road infrastructure, which has resulted in increased traffic congestion. These are the key factors driving the growth of the urban air mobility (UAM) market.
Moreover, the snowballing demand for an efficient future mobility solution, escalating investments toward developing UAM vehicles, and various government initiatives for introducing commercial air taxi services are factors likely to influence the urban air mobility market growth in the forecast period.
Key players with a considerable market share include
- Aurora Flight Sciences
- A3 by Airbus
- Workhorse Group
- Bell Helicopter
For more information about this report visit https://www.researchandmarkets.com/r/406793
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