Urban Air Mobility Market Expected To Grow With USD 29.19 Billion By 2030
San Francisco, 18 December 2024: The Report Urban Air Mobility Market Size, Share & Trends Analysis Report By Component, By Type, By Maximum Take-off Weight, By Propulsion, By Operation, By Range, By Application, By Product, By End Use, By Region, And Segment Forecasts, 2024 - 2030 The global urban air mobility market size was estimated at USD 29.19 billion by 2030 and is expected to grow at a CAGR of 34.2% from 2024 to 2030. The market growth is attributed to the rising need for faster and more efficient transportation amid rapid urbanization and a growing global population. Traffic congestion in urban areas has become a major concern, which makes urban air mobility (UAM) a potential solution that can improve commuting within cities, reduce travel times, and subsequently improve the quality of life for urban residents. Besides, as ride-hailing services have created a demand for flexible and convenient transportation, UAM vehicles can become the ne...