The report “Urban Air Mobility Market – Global Forecast to 2030” from MarketsandMarkets forecasts that the “urban air mobility market is projected to grow from USD2.6 billion in 2022 to USD 28.3 billion by 2030, at a compound annual growth rate (CAGR) of 34.3% from 2025 to 2030”. The report says that 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.
According to a press release:“The infrastructure solutions segment of the urban air mobility market is projected to at the highest CAGR during the forecast period. Infrastructure solutions are further segmented into vertiports, charging stations, air traffic management facilities, and maintenance facilities. The growth of this segment is attributed to the increase in urban air mobility operations. The vertiports segment is expected to account to lead the market in 2025-2030 owing to a large amount of infrastructure development globally.
“By system, the avionics segment is projected to grow at the highest rate in the forecasted period. Avionics in a UAM platform consists of flight control systems, navigation systems, communication systems, and sensors. The main purpose of avionics is to control the operations of aircraft and ensure its safety. Advanced avionics are developed to improve the safety as well as the utility of the platform.
“The Europe urban air mobility market is projected to grow at the highest rate during the forecast period. Countries in this region, such as Germany, UK, and France, are investing heavily in the development and procurement of advanced eVTOL systems for commercial operations. Advancements in the manufacturing capability of emerging economies in this region will drive the market. Additionally, the ever-increasing trend of automation and globalization in these countries are fueling the growth of the European urban air mobility market.
For more information