According to the latest market study by MarkNtel Advisors titled “Global Urban Air Mobility Market Size, Share, Trends, Growth, Opportunity Analysis 2023-2028” presents a thorough examination of market drivers, opportunities and challenges.

Utilizing a quantitative approach, it offers precise insights into market size, share, and growth. Crafted by industry experts, the report delves into consumption patterns, geographical analysis, and competitive landscapes. Its objective is to furnish valuable insights for clients seeking to comprehend and leverage market dynamics. With a dual focus on historical achievements and future projections, it furnishes a nuanced understanding of the market terrain.

The Global Urban Air Mobility Market size was valued at USD 2.98 Billion in 2022 and is projected to grow at a CAGR of around 36.98% during the forecast period, i.e., 2023-28. 

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Reliability and Safety of Autonomous Software Systems Paired with Susceptibility to Cyber Threats: As Urban Air Mobility (UAM) advances rapidly and seems promising for transforming transportation and emergency management, it also brings along new complexities to the market players. The reliance on autonomous software systems raises concerns regarding their reliability, safety, and susceptibility to cyber threats, making it imperative to ensure rigorous testing, validation, and certification processes to guarantee the dependability and resilience of these software systems. In addition, comprehensive regulations and standards must be established to govern their development, operation, and maintenance to foster trust and confidence in UAM technology.

This report focuses on major market participants like:

• Aurora Flight Sciences
• Siemens
• Embraer
• Volocopter
• A3 by Airbus
• Workhorse Group
• Pipistrel
• Bell Textron
• Neva Aerospace
• Kitty Hawk

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This segmentation analysis outlines prominent sections in the report's table of contents. Each segment undergoes thorough analysis, including sub-segments, to showcase both current and historical market sizes. The analysis underscores investment opportunities for rapid growth, particularly in the Urban Air Mobility Market, with notable highlighting on:

-By Operation

• Piloted
• Autonomous

Here, autonomous operations are anticipated to witness the fastest-growing demand during 2023-28. It owes principally to various benefits of developing these aircraft equipped with advanced technologies like the Internet of Things (IoT) & Artificial Intelligence (AI) to enhance cost-effectiveness and eliminate human errors.

On the other hand, Piloted operations are anticipated to acquire the largest share of the Global Urban Air Mobility Market during the forecast period, primarily due to the increasing number of rollouts for technologically advanced eVTOL systems for military & commercial aircraft in the market.

-By Range

• Intracity (20 Km – 100 Km)
• Intercity (101 Km – 400 Km)

-By Component

• Platform
• Infrastructure

-By End User

• Civilian
• Last Mile Delivery
• Military
• Arial Imaging Systems
• Unmanned Biologic Transport
• Medical Air Rescue
• Transport & Logistics
• Road Traffic Patrol
• Railway & Power Line Surveillance
• Others

• North America
• South America
• Europe
• Middle East & Africa
• Asia-Pacific

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• Factors Driving Market Growth: Understand the primary drivers propelling the Urban Air Mobility market forward.
• Access to Reliable Reports: Learn where to access dependable market reports for informed decision-making.
• Growth Projections: Gain insights into anticipated growth projections for the coming years.
• Geographical Hotspots: Identify geographical poised for significant market growth soon.

MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others.

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