Urban Air Mobility Market by Mobility Type, By Range, By Platform Operation (Piloted, Autonomous) By Platform Architecture, By End-User and Region - Partner & Customer Ecosystem (Product Services, Proposition & Key Features) Competitive Index & Regional Footprints by MarketDigits - Forecast 2024-2032

Industry : Automotive & Transportation | Pages : 176 Pages | Published On : May 2024

         
     
The Urban Air Mobility Market is Valued USD 3.6 billion in 2024 and projected to reach USD 26.5 billion by 2030, growing at a CAGR of CAGR of 33% During the Forecast period of 2024-2032.

Urban Air Mobility Market Size


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             2020                         2024-2032      

ReportDetails
Market Size ValueUSD 3.6 billion in 2024
Market Size ValueUSD 26.5 billion by 2030
CAGRCAGR of 33%
Forecast Period2024-2032
Base Year 2023
Historic Data2020
Segments Covered MobilityType, Range, Platform Operation, Platform Architecture, End-User
Geographics CoveredNorth America, Europe, Asia Pacific, and RoW

Major vendors in the global Urban Air Mobility market are AIRBUS, Crouzet, Cyient, Eve Air Mobility, FEV Group GmbH, Joby Aviation, Textron eAviation, The AIRO Group(Jaunt Air Mobility LLC.), Uber Technologies Inc., Volocopter GmbH, Wingcopter and Others

Market Overview

The urban air mobility (UAM) market is swiftly evolving within aviation, focusing on providing air transportation services in urban settings. It encompasses a range of aircraft types, such as electric vertical take-off and landing (eVTOL) aircraft, drones, and autonomous air vehicles. This market is primarily driven by the imperative for efficient and sustainable transportation solutions in congested urban areas, aiming to alleviate ground traffic congestion and shorten travel times. Advancements in electric propulsion technology, rising investments in eVTOL startups, supportive regulatory frameworks, and growing interest from major aerospace and automotive companies stand out as key drivers of this market. The rise in smart city initiatives and the potential for UAM to seamlessly integrate with existing public transportation systems present substantial growth prospects. Opportunities abound in the UAM market, including the development of air taxi services, cargo delivery, emergency medical services, and urban logistics. Companies are exploring diverse business models, like on-demand air transportation and air shuttle services, to harness the market's potential. Crucially, collaborations between industry players and government agencies are essential for establishing safety and operational standards, fostering public acceptance, and ensuring the smooth integration of UAM within urban environments.Top of Form

Growing demand for alternate modes of transportation in urban mobility

The urban air mobility (UAM) sector is witnessing remarkable expansion owing to the escalating demand for alternative transportation methods in urban settings. With cities becoming increasingly dense and conventional ground-based transport networks encountering congestion and inefficiencies, there's a pressing need for innovative mobility solutions. UAM emerges as a response to these challenges, promising a swifter and more efficient mode of transportation through electric vertical takeoff and landing (eVTOL) aircraft, drones, and similar aerial vehicles. The rise in demand for alternative urban transportation stems from various factors. The ongoing global trend of urbanization sees more individuals residing and working in city centers, thereby straining existing infrastructure. Growing emphasis on sustainability and carbon emission reduction drives the adoption of electric-powered air vehicles in UAM initiatives. Technological advancements like autonomous navigation and electric propulsion facilitate the creation of safe and efficient airborne transportation options. As a catalyst for the UAM market, these alternative transportation modes hold the promise of transforming urban mobility by offering quicker, more adaptable, and eco-friendly travel alternatives. UAM has the potential to alleviate traffic congestion, enhance last-mile connectivity, and elevate overall urban infrastructure, thereby fostering the evolution of smart cities and facilitating the seamless movement of people and goods within them.                                    

Market Dynamics

Drivers:

  • Growing demand for alternate modes of transportation in urban mobility
  • Need for convenient, efficient and last-mile delivery
  • Zero emission and noise-free mandates

Opportunities:

  • Advancements in technologies such as energy storage, Autonomous, Connected, and Power Electronics.
  • UAM opens up opportunities for new business models.

Advancements in technologies such as energy storage, Autonomous, Connected, and Power Electronics.

Urban air mobility (UAM) represents a growing sector aiming to revolutionize short-distance air travel within cities, promising enhanced accessibility and efficiency. Its growth trajectory is underpinned by pivotal technological breakthroughs. Enhanced energy storage solutions, exemplified by high-capacity batteries, are pivotal in energizing electric vertical takeoff and landing (eVTOL) aircraft, pivotal for UAM viability. These innovations are progressively more streamlined and economically viable, rendering electric aircraft an increasingly attractive urban transit option. Autonomous capabilities empower self-piloting aircraft, enhancing safety and trimming operational expenses. Integration of autonomous navigation and control systems empowers UAM craft to function with minimal human intervention. Interconnected technologies, including advanced communication and data exchange systems, foster seamless coordination between aerial vehicles and ground infrastructure, amplifying overall operational efficiency. Advancements in power electronics, notably electric propulsion systems, further bolster the development of quieter, more efficient, and eco-friendly aircraft. These innovations enable UAM to furnish swift, dependable, and sustainable transit alternatives for urban dwellers.Top of Form

North America dominates the market for Urban Air Mobility market

The urban air mobility (UAM) sector is witnessing rapid expansion, driven by technological advancements and a growing emphasis on eco-friendly transportation solutions. North America, particularly the United States, currently leads the UAM market. This dominance is attributed to substantial investments in R&D by both public and private sectors, coupled with well-established aviation and technological infrastructure. The region boasts a robust presence of major industry players and a supportive regulatory landscape. In Europe, countries like Germany and France are experiencing noteworthy growth in the UAM domain, prompted by their commitment to sustainable transport and smart city initiatives. The European Union actively promotes UAM development through funding initiatives and regulatory frameworks. In the Asia-Pacific region, nations such as Japan, South Korea, and China are swiftly emerging as significant UAM contenders. With their dense populations and expansive urban areas, these countries stand to gain substantially from UAM solutions. They are directing investments towards infrastructure development and regulatory frameworks to facilitate the adoption of urban air mobility.

The Air Taxis Segment is anticipated to hold the Largest Market Share during the Forecast Period

The growing urban air mobility (UAM) sector focuses on advancing aerial vehicle technology to enhance transportation efficiency and sustainability within cities. Among its various segments, air taxis, classified as vertical take-off and landing (VTOL) aircraft, emerge as the frontrunners, offering convenient, on-demand travel solutions that alleviate urban traffic congestion and shorten commute times. These compact vehicles accommodate a limited number of passengers and employ electric or hybrid-electric propulsion systems, thus promoting environmental friendliness. Leading enterprises like Joby Aviation, Archer Aviation, and Lilium spearhead the development of air taxis, investing significantly in innovative technology and requisite infrastructure. The escalating demand for air taxis stems from urbanization, surging population densities, and the pursuit of swift transit alternatives. However, regulatory clearances, safety protocols, and public acceptance constitute notable hurdles that necessitate resolution for widespread adoption.

Major Segmentations Are Distributed as follows:

  • By  MobilityType
    • Air Taxis
    • Air Shuttles and & Air Metro
    • Personal Air Vehicles
    • Cargo Air Vehicles
    • Air Ambulance & Medical Emergency Vehicles
    • Last-mile Delivery Vehicles
  • By Range
    • Intercity
    • Intracity
  • By Platform Operation
    • Piloted
    • Autonomous
  • By Platform Architecture
    • Rotary Wing
    • Fixed Wing Hybrid
  • By End-User
    • E-Commerce Companies
    • Hospitals & Medical Agencies
    • Private Operators
    • Schedules Operators
    • Air Taxis
    • Air Shuttles & Air Metros
  • By Region
    • North America
      • US
      • Canada
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Colombia
      • Chile
      • Peru
      • Rest of Latin America
    • Europe
      • UK
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • BENELUX
      • CIS & Russia
      • Nordics
      • Austria
      • Poland
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • South Korea
      • Thailand
      • Indonesia
      • Malaysia
      • Vietnam
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Middle East & Africa
      • Saudi Arabia
      • UAE
      • South Africa
      • Nigeria
      • Egypt
      • Israel
      • Turkey
      • Rest of the Middle East & Africa

Recent Developments

  • February 2024, Eve Air Mobility and SkyScape, a Japanese company specializing in vertiport development and management based in Osaka, Japan, have announced a partnership to incorporate Eve’s Urban ATM (air traffic management) into the Advanced Air Mobility (AAM) framework outlined by the Japanese government. With this announcement, SkyScape becomes Eve’s 13th Urban ATM customer and the company’s sixth Urban ATM vertiport customer.

Urban Air Mobility Market Report Gives Answers to the Following Key Questions:

  • What will be the Urban Air Mobility market’s Trends & growth rate? What analysis has been done of the prices, sales, and volume of the top producers of the Urban Air Mobility market?
  • What are the main forces behind the worldwide Urban Air Mobility market? Which companies dominate the Urban Air Mobility market?
  • Which companies dominate the Urban Air Mobility market? Which business possibilities, dangers, and tactics did they embrace in the market?
  • What are the global Urban Air Mobility industry's suppliers' opportunities and dangers in the Urban Air Mobility market?
  • What is the Urban Air Mobility industry's regional sales, income, and pricing analysis? In the Urban Air Mobility market, who are the distributors, traders, and resellers?
  • What are the main geographic areas for various trades that are anticipated to have astounding expansion over the Urban Air Mobility market?
  • What are the main geographical areas for various industries that are anticipated to observe an astounding expansion in the Urban Air Mobility market?
  • What is the dominant revenue-generating regions for the Urban Air Mobility market, as well as regional growth trends?
  • By the end of the forecast period, what will the market size and growth rate be?
  • What are the main Urban Air Mobility market trends that are influencing the market's expansion?
  • Which key product categories dominate the Urban Air Mobility market? What are the Urban Air Mobility market’s main applications?
  • In the coming years, which Urban Air Mobility market technology will dominate the market?

Reason to purchase this Urban Air Mobility Market Report:

  • Determine prospective investment areas based on a detailed trend analysis of the global Urban Air Mobility Market over the next years.
  • Gain an in-depth understanding of the underlying factors driving demand for different Urban Air Mobility Market segments in the top spending countries across the world and identify the opportunities each offers.
  • Strengthen your understanding of the market in terms of demand drivers, industry trends, and the latest technological developments, among others.
  • Identify the major channels that are driving the global Urban Air Mobility Market, providing a clear picture of future opportunities that can be tapped, resulting in revenue expansion.
  • Channelize resources by focusing on the ongoing programs that are being undertaken by the different countries within the global Urban Air Mobility Market.
  • Make correct business decisions based on a thorough analysis of the total competitive landscape of the sector with detailed profiles of the top Urban Air Mobility Market providers worldwide, including information about their products, alliances, recent contract wins, and financial analysis wherever available.

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Covered Key Topics

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Market Growth Drivers

Leading Market Players

Company Market Share

Market Size and Growth Rate

Market Trend and Technological

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