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German Urban Air Mobility Market  Trends, Size, Competitive Analysis And Forecast – 2019-2025

German Urban Air Mobility Market Trends, Size, Competitive Analysis And Forecast – 2019-2025

Submitted by • March 27, 2020 wwwhttps

The German urban air mobility market is estimated to grow at a CAGR of 13.6% during the forecast period. In Germany, an increasing funding opportunity for UAM projects reported owing to the presence of UAM startups. For instance, in October 2019, Volocopter raised funding in Series C investment round from Micron Technology, Inc., for UAM. Volocopter is a manufacturer of electrically powered vertical take-off and landing aircraft. The company is working to commercialize autonomous, on-demand air taxi services. Micron is the supplier of memory products to the automotive industry, that leads the innovations in air travel, autonomous driving, and virtual reality. The investment of Micron in Volocopter bring into line with their view of the critical role that memory and storage solutions play allowing the innovation capabilities required for edge computing and autonomous vehicles.

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