The European urban air mobility market is estimated to grow at a CAGR of 11.7% during the forecast period. Europe is estimated to witness optimistic growth in the market during the forecast period, owing to the rapid urbanization and the initiatives led by the European government for urban air mobility. As per the United Nations (UN), 74% of the European population was living in urban areas in 2018. This growing urbanization has significantly increased the problems regarding road congestion and crowding, which makes transport using ground-bound vehicles highly difficult in urban settings. As per the European Innovation Partnership on Smart Cities and Communities (EIP-SCC), in the EU, traffic congestion currently costs nearly $110.9 billion a year.