Morgan Stanley, a US investment company, has predicted that the global UAM market will increase by 30 per cent annually between 2021 and 2040, hence touching a massive amount of $1.5 trillion by 2040.
The first phase of the ‘Grand Challenge’ project will be conducted next year at the National Comprehensive Flight Performance Test Center in Goheung, Jeollanam-do.
In addition, Hyundai Motor Group’s UAM company ‘Supernal’ has signed partnerships with three companies, Britain’s ‘Altitude Angel,’ Germany’s ‘Sky Road’ and the US ‘One Sky,’ to cooperate in establishing industry standards.