UK Urban Air Mobility Market-converted


Poojamakkhar1029

Uploaded on Mar 27, 2020

Category Business

The UK urban air mobility market is estimated to grow at a CAGR of over 13.0% during the forecast period. UK has significant potential for the development of urban air mobility solutions, owing to the availability of significant investment opportunities and continuous pilot programs in the country. For instance, in December 2018, the UK government, under their aerospace deal, is introducing Future Flight Challenge, which will offer up to $162 million to the aerospace and other manufacturers in order to conduct research and design new technologies and infrastructure. This initiative will lead the electric and autonomous aircraft development, which in turn, will transform the future of transportation in urban settings to ease congestion. In UK, the aerospace industry will firstly emphasize smaller drones and aircraft to safeguard the appropriateness of the new technologies earlier its development for larger passenger aircraft. It signifies that by 2026, the industry and government will have mutually invested over $5 billion in the future of UK aerospace.

Category Business

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