Urban Air Mobility Market, By Aircraft Type (Rotor Wing, Fixed Wing, and Hybrid Wing), By Infrastructure (Vertiports, Charging Stations, and Traffic Management Systems), By Operation (Piloted, and Autonomous), By Travel Range (Intercity, and Intracity), By Application (Air Taxi, Air Ambulance, Airport Shuttle, Last Mile Delivery, Personal Air Vehicle, and Air Metro), – By Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) –Trends, Analysis, and Forecast Till 2034

Urban Air Mobility Market was valued at US$ 3.4 Billion in 2024 and is projected to grow at a CAGR of 32.10% to reach US$ 55.0 Billion by 2034.

Urban air mobility system developed to move the peoples by air and ultimately to reduce traffic congestion. Urban air mobility is the safe and efficient air traffic operation for passengers and goods in both the directions i.e., manned and unmanned. Aircraft are mainly created, tested for commercial purposes and air taxis along with other mobility vehicles may be the best transportation from 2020. Increasing technological demands in developed cities are the reason for high utilization of drones, air taxis, and others. Day by day growing traffic issues, especially in larger cities, focus more on the faster and efficient mode of transportation. Key players are now focusing and investing on the urban air mobility market because of high growth potentials. This market provides safe and economically profitable transportation for intracity and intercity communication. For urban air quality operations, aboard alternative operations within the airspace; craft makers, infrastructure suppliers and aerospace integration researchers make the vast investments in the target market. Tremendous increase in town initiatives has increase the necessity of UAM.

Impact of COVID-19 pandemic on market

At the starting of 2020, COVID-19 disease began to spread around the world; many more peoples are infected with COVID-19 disease, and major countries around the world send the orders to companies for employee prohibition and work stoppage. Every organization is prepared for the loss by this pandemic. Hence the urban air mobility also affected by the COVID-29 lockdown scenario, as it ultimately links to transportation of passengers and good transportation. This report will quantify the impact of this pandemic on the urban air mobility market.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Need for Faster and Cleaner Urban Transportation is Driving Investments in the Market

Day by day increasing number of vehicles on-road in every year leads to increase the traffic problems. Especially in certain hours, high load of traffic on the roads significantly increase the passengers time taken to reach towards destination place. Hence the urban air mobility is the best option for passengers and cargo. It is safe and efficient air transportation system, where passengers-along with air taxis are operating above populates areas, hence there will be significant time saving as well as help to reduce the atmospheric pollution. For this reason many companies are highly investing in this industry to achieve the technological advancements. The target market is highly focused on environmental property area unit, which is the main factor for the increase in demand for sensible town solutions. In addition, wide of urban air vehicles in commercial and civil applications boost the market growth. Moreover, factors such as need for efficient transportation and logistics, environmental concerns and energy impacts, and shipment of smart handheld devices are fuelling the demand for the market.

However, along with technological advancements, the target market is challenged by many aspects like stricter regulatory challenges associated with UAVs, privacy and safety issue, infrastructural challenges with air taxis, and technological complications. By overcoming these challenges, the market is expected to grow and meet the needs as an alternate transport in commercial and civil applications.

Urban air mobility market is segmented based on the aircraft type, infrastructure, operation, travel range, application and region.

Based on the aircraft type, the global market is segmented into rotor wing, fixed wing and hybrid wing. Many organizations and manufacturers are putting efforts in electric VTOL aircraft to enhance the growth in longer flights and target cost effectiveness. Aurora flight sciences and joby aviation are developing their all electric fixed-wing VTOL aircraft prototype for managing costs. On the basis of Infrastructure the urban air mobility market is divided into vertiports, charging stations, and traffic management systems.

Depending upon the operation the target market is explore into piloted and autonomous. These autonomous eVTOLs can operate in urban areas as they are equipped with high-quality sensors and proven technology for human-free operations. Presently, the market for fully-autonomous aerial vehicles is smaller than that of the piloted aerial vehicles. The travel range is classified into intracity which have the range in between 20 to 100 Kilometers and intercity within the range of 100 to 400 Kilometers.

The application segmentation is further sub-segmented into air taxi, air ambulance, airport shuttle, last mile delivery, personal air vehicle, and air metro. Air taxis are in the development phase but they may be commercializing in the coming years. These air taxis have the great capability to vertically take-off and land, hence it is easier for them to land in crowded locations. Personal air vehicles are likely to be used for point to point pick up and drop services in less time.

Regional insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

According to the region, market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Many startups from the United States are working together for developing and implementing these technologies for bringing the UAM into commercial usage in the next 5-6 years. With these efforts, North America is also projected to embrace the urban air mobility concept faster than the other regions barring Europe. Asia Pacific region is followed by the North America market and expected to be a significant market for vertical mobility owing to increasing demand for drones for inspection purposes. Aerospace giants from the regions, like Boeing and Airbus, investing in these technologies and the emergence of many startups from both regions have made them an important market for the industry. It is expected that the growth of the market will be higher in Europe compared to other regions. Germany and France are contributed heavily in the development and investigation of advanced eVTOL systems for commercial operations. Additionally, the ever-increasing trend of automation and globalization in these countries are fueling the growth target market. Mexico, New York, Tokyo in providing air support with helicopters for stranded passengers. Europe is anticipated to participate in rising number of urban air mobility projects on transportation activities.

Report scope:

 

Attribute	Details
Market Size 2024	US$ 3.4 billion
Projected Market Size 2034	US$ 55.0 billion
CAGR Growth Rate	32.10%
Base year for estimation	2023
Forecast period	2024 – 2034
Market representation	Revenue in USD Million & CAGR from 2024 to 2034
Market Segmentation	By Aircraft – Rotor Wing, Fixed Wing, and Hybrid Wing By Operation – Piloted and Autonomous By Travel Range –  Intercity and Intracity By Application – Air Taxi, Air Ambulance, Airport Shuttle, Last Mile Delivery, Personal Air Vehicle, and Air Metro
Regional scope	North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered in the report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034.  For the purpose of this study, has segmented the global urban air mobility market report based on aircraft, operation, travel range, application and region.

Urban Air Mobility Market, By Aircraft:

• Rotor Wing
• Fixed Wing
• Hybrid Wing

Urban Air Mobility Market, By Operation:

• Piloted
• Autonomous

Urban Air Mobility Market, By Travel Range:

• Intercity
• Intracity

Urban Air Mobility Market, By Application:

• Air Taxi
• Air Ambulance
• Airport Shuttle
• Last Mile Delivery
• Personal Air Vehicle
• Air Metro

Urban Air Mobility Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

Key players involved in the urban air mobility market include Uber Technologies Inc., Airbus SE, The Boeing Company, Textron Inc., Safran SA, Bombardier Inc., Embraer SA, Hyundai Motor Co., Pipistrel, Karem Aircraft, Honeywell International Inc., and Jaunt Air Mobility LLC. Key players have adopted various strategies such as new product launches, merges and acquisitions to expand their market presence. For instance, in October 2020, Helicopter manufacturer Leonardo and air navigation service provider ENAV have signed a Letter of Intent (LoI) in Italy primarily aimed at modernising and making safer, efficient and sustainable the use of helicopters and airspace leveraging the most advanced navigation technologies and paving the way for urban air mobility operations.

Recent Development

• In November 2023: Eve Air Mobility this week announced plans to launch eVTOL air services in the UAE and India through a pair of new partnerships launched at the Dubai Airshow. The aircraft manufacturer also confirmed it is working with the UK's NATS to offer urban air traffic management services to support any eVTOL operations worldwide. This collaboration with Eve Air Mobility underscores the commitment to contribute to India’s growth story by addressing the bottleneck of road congestion in the country.
• In December 2023: Concerns over the deployment of drones and air taxis in Europe have prompted the European Aviation Safety Agency (EASA) to create a new digital information space to facilitate information sharing. A variety of information providers, including as cities, national authorities, operators, and manufacturers, will be able to connect to the Innovative Air Mobility Hub (IAM Hub) and submit data, which will subsequently be made available on the EASA website.

• Uber Technologies Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies
• Airbus SE
• The Boeing Company
• Textron Inc.
• Safran SA
• Bombardier Inc.
• Embraer SA

1. Research Objective and Assumption
   • Preface
   • Research Objectives
   • Study Scope
   • Years Considered for the study
   • Assumptions
   • Abbreviations
2. Research Methodology
   • Research data
   • Primary Data
     • Primary Interviews
     • Primary Breakdown
     • Key data from Primary Sources
     • Key Thickness Insights
   • Secondary Data
     • Major Secondary Sources
     • Secondary Sources
   • Market Estimation
   • Top-Down Approach
     • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
   • Bottom-Up Approach
     • Approach for estimating market share by Bottom-up Analysis (Demand Side)
   • Market Breakdown and Data Triangulation
   • Research Assumptions
3. Market Preview
   • Executive Summary
   • Key Findings—Global Outlook for medical carts Strategies
     • Key Questions this Study will Answer
     • Market Snippet, By Aircraft Type
     • Market Snippet, By Infrastructure
     • Market Snippet, By Operation
     • Market Snippet, By Travel Range
     • Market Snippet, By Application
     • Market Snippet, By Region
   • Opportunity Map Analysis
   • Executive Summary—3 Big Predictions
4. Market Dynamics, Regulations, and Trends Analysis
   • Market Dynamics
     • Drivers
     • Restrains
     • Market Opportunities
     • Market Trends
   • DR Impact Analysis
   • PEST Analysis
   • Porter’s Five Forces Analysis
   • Opportunity Orbit
   • Market Investment Feasibility Index
   • Macroeconomic Factor Analysis
5. Market Segmentation, By Aircraft Type, Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Rotor Wing
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Fixed Wing
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Hybrid Wing
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

1. Market Segmentation, By Infrastructure , Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Vertiports
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Charging Stations
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Traffic Management Systems
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

1. Market Segmentation, By Operation , Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Piloted
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Autonomous
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

1. Market Segmentation, By Travel Range , Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Intercity
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Intracity
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

1. Market Segmentation, By Application , Forecast Period up to 10 Years, (US$ Bn)

• Overview
  • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
  • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
  • Segment Trends
• Air Taxi
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Air Ambulance
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Last Mile Delivery
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Personal Air Vehicle
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years
• Air Metro
  • Overview
  • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), Forecast Period up to 10 Years

1. Global Market, By Region, Forecast Period up to 10 Years, (US$ Bn)
   • Overview
     • Market Value and Forecast (US$ Bn), and Share Analysis (%), Forecast Period up to 10 Years
     • Y-o-Y Growth Analysis (%), Forecast Period up to 10 Years
     • Regional Trends
   • North America
     • Market Size and Forecast (US$ Bn), By Aircraft Type, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Infrastructure , Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Operation , Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Travel Range , Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
       • U.S.
       • Canada
   • Europe
     • Market Size and Forecast (US$ Bn), By Aircraft Type, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Infrastructure , Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Operation , Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Travel Range , Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
       • UK
       • France
       • Germany
       • Russia
       • Italy
       • Rest of Europe
   • Asia Pacific
     • Market Size and Forecast (US$ Bn), By Aircraft Type, Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Infrastructure , Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Operation , Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Travel Range , Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
     • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
       • India
       • Japan
       • South Korea
       • China
       • Rest of Asia Pacific

• Latin America
  • Market Size and Forecast (US$ Bn), By Aircraft Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Infrastructure , Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Operation , Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Travel Range , Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • Brazil
    • Mexico
    • Rest of Latin America
• Middle East & Africa
  • Market Size and Forecast (US$ Bn), By Aircraft Type, Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Infrastructure , Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Operation , Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Travel Range , Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Application , Forecast Period up to 10 Years
  • Market Size and Forecast (US$ Bn), By Country, Forecast Period up to 10 Years
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East

1. Competitive Landscape
   • Heat Map Analysis
   • Market Presence and Specificity Analysis
2. Company Profiles

• Uber Technologies Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies
• Airbus SE
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies
• The Boeing Company
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies
• Textron Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies
• Safran SA
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies
• Bombardier Inc.
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies
• Embraer SA
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Overview
  • Business Strategies

1. The Last Word
   • Future Impact
   • About Us
   • Contact