GlobalData Report: UAM market will not take off until 2030, here is why

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Recent developments in the urban air mobility (UAM) industry have given cause for optimism on the growth of the sector. Altitude Angel aims to bring air taxis to South Africa, EHang and Globalvia targeted the South American UAM market, Eve Urban Air Mobility aims to bring air taxi services to the Asia-Pacific, and Volocopter aims to launch its first air taxi service by 2024.

Despite the developments, the new research of GlobalData suggests that the UAM market is unlikely to take off until 2030 for two reasons:

  1. The industry has to recover from the economic fallout of Covid-19.
  2. Regulation of the market needs to be standardized.

Recovery needed for UAM to become viable

Although the urban air mobility (UAM) market is rapidly growing, the UAM market partly depends on how quickly companies and countries can recover from the economic fallout of Covid-19.

Investment in infrastructure will be essential for the development of the industry. However, due to the economic fallout, many companies and governments might not have the financial resources to develop the UAM infrastructure.

Regulation needs to be standardized

Drones, an important component of UAM, have been regulated strictly due to safety concerns. To make UAM services viable, regulation will have to be standardized, that may require a long time to emerge.

The full report is available here: https://store.globaldata.com/report/gdtmt-tr-s206–drones-thematic-research/?utm_source=verdict&utm_medium=commentwirefooter&utm_campaign=RShomepage

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