MarketsandMarkets project in the report “Urban Air Mobility Market Global Forecast to 2030″ that the market will grow from USD 2.6 billion in 2022 to USD 28.3 billion by 2030, at a CAGR of 34.3% during this period. The increasing demand for an alternative mode of transportation in urban mobility for commercial applications and technological innovations in unmanned technology are the major factors driving the market.
The main players MarketsandMarkets report are “largely focused on new product development and launches, and having a strong global presence will help them gain a competitive advantage in the urban air mobility industry. These companies are concentrating their efforts on breaking into new markets by launching technologically superior and cost-effective platforms and infrastructure solutions and in addition to new product releases and advances, have adopted partnership, contracts and agreement strategy.”
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