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                GlassPoint launches demo phase of 1.5bn solar steam for aluminum processing in Saudi Arabia – SolarPACES

                Universities Team for Joint Saudi Clean Hydrogen Institute – FuelCellsWorks

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                • Commentary
                • Featured
                • Event
                • Editorial
              • Finance

                Saudi Vision 2030: Drastic transformation in financial sector to boost attractiveness

                Iran says Saudi Arabia and Russia have taken oil market ‘hostage’: SHANA

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                Order book for $12bn Saudi bond 3 times oversubscribed – Arabian Gulf Business Insight

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                    New Bill Bars China, Other Adversaries From Buying US Farmland, Real Estate

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                    • Tech

                      Five Countries, Including Pakistan, Confirm Eid ul-Adha on Same Date

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                        Saudi Arabia’s Tourism Surge: 17.5 Million International Visitors and 656% Growth Since 2019

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                        ANT Systems Launches Industrial-Scale Production of Drought Technology Used on Five Continents

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                        أطلقت ANT Systems إنتاجا صناعيا لتقنية الجفاف المستخدمة في خمس قارات

                        أطلقت ANT Systems إنتاجا صناعيا لتقنية الجفاف المستخدمة في خمس قارات

                        Informing a Nation, Fueling a Market: How Egypt Horizon News Catalyzes Macroeconomic Growth

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                        إعلام أمة وتحفيز السوق: كيف تساهم Egypt Horizon News في دفع النمو الاقتصادي الكلي

                        إعلام أمة وتحفيز السوق: كيف تساهم Egypt Horizon News في دفع النمو الاقتصادي الكلي

                        BingX Unveils “Infinite Vision” on 8th Anniversary, Accelerating Multi-Asset Expansion

                        BingX Unveils “Infinite Vision” on 8th Anniversary, Accelerating Multi-Asset Expansion

                        بمناسبة ذكرى تأسيسها الثامنة، تكشف BingX عن “Infinite Vision” وتسرّع توسّعها في الأصول المتعددة

                        بمناسبة ذكرى تأسيسها الثامنة، تكشف BingX عن “Infinite Vision” وتسرّع توسّعها في الأصول المتعددة

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                          .0 Billion by 2035 — How Distributed Ledger Technology Is Transforming Supply Chain and Aircraft Maintenance

                          $6.0 Billion by 2035 — How Distributed Ledger Technology Is Transforming Supply Chain and Aircraft Maintenance

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                          Home Press Releases

                          Vertiports Market worth $10.7 billion by 2030 at a CAGR of 62.1%

                          admin by admin
                          October 1, 2024
                          in Press Releases
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                          (EMAILWIRE.COM, October 01, 2024 ) The global vertiports market is estimated to be USD 0.4 billion in 2023 to USD 10.7 billion by 2030, at a CAGR of 62.1% from 2023 to 2030. The growing technological advancements and smart city initiatives are driving the growth of the vertiports market.

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                          Based on solution, the charging stations segment is estimated to have the highest CAGR during the forecast period.

                          The charging stations segment is projected to grow at the highest CAGR in the vertiports market during the forecast period. The AAM infrastructure is experiencing significant expansion as numerous cities worldwide are dedicating resources to establish vertiports, designated areas for air taxis, and eVTOL aircraft to take off and land. This, in turn, is driving the need for specialized amenities like charging stations, landing pads, and passenger facilities. The rapid growth of charging stations is fueled by the rising demand for sustainable transportation solutions, the need to support the expansion of electric AAM vehicle operations and enhanced urban mobility.

                          Based on location, the rooftop/elevated segment is estimated to have the highest CAGR in the forecasted period.

                          The rooftop/elevated segment is projected to grow at the highest CAGR in the vertiports market during the forecast period. These vertiports offer an innovative solution for advanced air mobility by utilizing existing infrastructure in densely populated areas. They provide a convenient and space-efficient location for eVTOL operations, reducing the need for extensive ground space. The driving factors behind the rooftop/elevated vertiports segment are the increasing demand for efficient urban transportation, advancements in eVTOL technology, and the scarcity of available land for constructing traditional vertiports.

                          Based on type, the vertipads segment is estimated to have the highest CAGR and largest share during the forecast period.

                          The vertipads segment is projected to grow at the highest CAGR and largest share during the forecast period. The vertipads segment is being propelled by various driving factors. One significant factor is the rising demand for efficient and eco-friendly transportation solutions, particularly in urban areas. Vertipads serve as crucial platforms for vertical takeoff and landing (VTOL) aircraft, enabling convenient and swift aerial mobility within cities. Moreover, continuous advancements in VTOL technology and electric aviation are further propelling the growth of vertipads.

                          Based on regions, the North America segment is estimated to have the largest share in 2023.

                          The North American region is projected to have the largest share in the vertiports market in 2023. Various technological advancements, increased demand for efficient transportation, and government support have propelled the expansion of vertiports in this region. North America has attracted several established aerospace companies and innovative startups to transform advanced air mobility.

                          The vertiports market in North America is also driven by a wide array of applications, including air taxis, cargo delivery, and emergency services. This growth is expected to bring about a transformative shift in air mobility, revolutionizing the future of transportation in the region.

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                          Major players operating in the vertiports market are Bayards Vertiport Solutions (Netherlands), Vports (Canada), Skyportz (Australia), Skyways (US), and Volatus Infratsructure LLC (US), among others. These companies have well-equipped manufacturing facilities and strong distribution networks across North America, Europe, Asia Pacific, Latin America, and Rest of the World.

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