(MENAFN- GlobeNewsWire - Nasdaq) The Global Vertiports market Size was Valued at USD 0.38 Billion in 2023 and the Worldwide Vertiports Market Size is Expected to Reach USD 47.73 Billion by 2033, according to a research report published by Spherical Insights & Consulting. Companies covered: Urban-Air port Ltd., Skyports, Volocopter GmbH, Lilium GmbH, Ferrovial, Honeywell International, Inc., Thales Group, and Others.
New York, United States , Aug. 08, 2024 (GLOBE NEWSWIRE) -- The Global Vertiports Market Size Expected to Grow from USD 0.38 Billion in 2023 to USD 47.73 Billion by 2033, at a CAGR of 62.14% during the forecast period 2023-2033.
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A vertiport is essentially a facility for landing and take-off for vertical take-off and landing (VTOL) aircraft, such as freight aerial vehicles, passenger aerial vehicles, and air ambulances. The term "vertiport," which is a combination of the words "vertical" and "airport," refers to a specific location designed to address the unique requirements of these aircraft. In order to reduce the impact on the environment, the UAM industry prioritizes electric propulsion and the use of renewable energy sources. Sustainability is a major concern. In order to advance technology and get products to market, businesses in the UAM sector are collaborating and forming alliances. Research is being done on advancements in wireless charging technology, which may result in simpler and more convenient ways for electric VTOLs to be recharged. The success of electric VTOLs in the vertiports market and their widespread adoption depend on this technological advancement, which satisfies the need for sustainable and efficient operations. However, the phase of infrastructure development and building also requires a significant expenditure. Vertiports need specialized infrastructure, which comes with a high building cost. This infrastructure includes things like passenger amenities, maintenance facilities, landing zones, and charging stations.
Browse key industry insights spread across 206 pages with 110 Market data tables and figures & charts from the report on the " Global Vertiports Market Size, Share, and COVID-19 Impact Analysis, By Type (Vertihubs, Vertibases, Vertipads), By Solution (Landing Pads, Terminal Gates, Ground Support Equipment, Charging Stations, Ground Control Stations, Others), By Location (Ground-based, Elevated, Floating), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.”
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The vertipads segment is expected to hold the largest share of the vertiports market during the anticipation timeframe.
Based on the type, the vertiports market is categorized into vertihubs, vertibases, and vertipads. Among these, the vertipads segment is expected to hold the largest share of the vertiports market during the anticipation timeframe. The advancement in eVOTL technology is increasing the necessity and viability of vertipods. Vertipods and electric airplanes work together to provide a sustainable mode of transportation. Demand for vertipods is anticipated to rise as UAM and vertiport regulations become more favourable.
The landing pads segment is expected to grow at the fastest CAGR during the anticipation timeframe.
Based on the solution, the global Vertiports market is categorized into landing pads, terminal gates, ground support equipment, charging stations, ground control stations, and others. Among these, the landing pads segment is expected to grow at the fastest CAGR during the anticipation timeframe. The landing pad building is changing to meet the unique demands of eVTOL aircraft. The elements used to withstand the particular stresses of vertical takeoff and landings are lightweight and robust.
The elevated is expected to hold a significant share of the vertiports market during the anticipation timeframe.
Based on the location, the vertiports market is categorized into ground-based, elevated, and floating. Among these, the elevated is expected to hold a significant share of the vertiports market during the anticipation timeframe. The elevated is maximizing land usage in highly populated places, effectively utilizing limited urban space, such as roofs. The market for rooftop and raised vertiports is further bolstered by the growing need for improved air transportation and the possible integration of autonomous cars.
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North America is projected to hold the largest share of the vertiports market over the anticipation timeframe.
North America is projected to hold the largest share of the vertiports market over the anticipation timeframe. The development of vertiport infrastructure has been aided by advancements in electric vertical takeoff and landing (eVTOL) technology, which have increased its sustainability both commercially and environmentally. Additional benefits for the growth of vertiports in North America include investments from the public and private sectors and advantageous legal frameworks.
Europe is expected to grow at the fastest CAGR growth of the vertiports market during the anticipation timeframe. In Europe, vertiports are becoming more and more necessary as part of a bigger scheme to promote sustainable urban mobility. The demand for vertiports has increased due to the United Kingdom's commitment to developing its transportation infrastructure and its densely populated metropolitan areas.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global vertiports market are Urban-Air Port Ltd., Skyports, Volocopter GmbH, Lilium GmbH, Ferrovial, Honeywell International, Inc., Thales Group, and others Key Vendors.
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Recent Developments
In March 2024, Skyports Infrastructure reached a deal to set up the country's first vertiport testbed at Bicester Motion in Oxfordshire. Modern mobility technology is being developed on this 444-acre estate, with a focus on ways to make both present and future modes of transportation better.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global vertiports market based on the below-mentioned segments:
Global Vertiports Market, By Type
Vertihubs Vertibases Vertipads
Global Vertiports Market, By Solution
Landing Pads Terminal Gates Ground Support Equipment Charging Stations Control Stations Others
Global Vertiports Market, By Location
Ground-based Elevated Floating
Global Vertiports Market, By Regional
North America Europe Germany UK France Italy Spain Russia Rest of Europe
Asia Pacific China Japan India South Korea Australia Rest of Asia Pacific
South America Brazil Argentina Rest of South America
Middle East & Africa UAE Saudi Arabia Qatar South Africa Rest of the Middle East & Africa
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About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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