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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.

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