Uploaded on Mar 27, 2020
The US urban air mobility market is estimated to generate a significant market value in 2018 and is estimated to grow at a CAGR of 13.1% during the forecast period. High disposable income, a large proportion of high-income groups, various product launches in the country related to the market, are some of the major factors which will provide a significant opportunity to the market in the country. Other factors that contribute to the growth of the market include a large number of start-ups and companies working in the field of urban air mobility and the ability to spend a high amount on urban mobility by the people. In addition, the air ambulance industry is also expected to have a major market in the region due to insurance coverage of air ambulance in an emergency condition. Innovations by e-commerce companies such as Amazon.com in the field of logistics operations is also one of the major factors providing a significant opportunity to the market in the region.
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