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Sputnik International
The Global Urban Air Mobility Market size is expected to reach USD 7.9 billion by 2030
The market is still at a nascent stage and is expected to witness the first ray of commercialization by 2023. The demand for an efficient mode of logistics and transportation is likely to stimulate demand.
The increase in demand for an alternative mode of transportation in Urban Mobility is one of the key factors driving the growth of the urban air mobility market. Moreover, the demand from a multitude of businesses for an efficient mode of logistics and transportation is expected to aid in the growth of the urban air mobility market. The growth in urban population and the increasing need for better management of limited natural resources, along with a growing focus on environmental sustainability, are the major factors for the rise in demand for smart city solutions.
The Global Urban Air Mobility Market size is expected to reach USD 7.9 billion by 2030
The market is still at a nascent stage and is expected to witness the first ray of commercialization by 2023. The demand for an efficient mode of logistics and transportation is likely to stimulate demand.
The increase in demand for an alternative mode of transportation in Urban Mobility is one of the key factors driving the growth of the urban air mobility market. Moreover, the demand from a multitude of businesses for an efficient mode of logistics and transportation is expected to aid in the growth of the urban air mobility market. The growth in urban population and the increasing need for better management of limited natural resources, along with a growing focus on environmental sustainability, are the major factors for the rise in demand for smart city solutions.
21 December 2020, 10:33 pm EST By
JetPack Aviation and Gravity Industries are looking into jetpack technology for next-generation vehicles and transportation, and an early investor for Tesla and SpaceX has shown interest and invested in the venture. The project has been going on developments as initial prototypes show a breakthrough in flying a sole person but to sustain it is a massive factor.
Transportation is one of the fast-growing industries in the country and the world this 2020, as logistics and going different places are a must, especially as the COVID-19 lockdown restricted people from going out. Public transportation was also stopped to stem the virus transmission, along with the shipment of different products from various places.
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