Urban Air Mobility Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Vehicle Type (Autonomous and Piloted), By Application (Passenger Transport and Freighter), By Region, Competition, 2019-2029F

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Summary

Report Description

Forecast Period

2025-2029

Market Size (2023)

USD 3.41 Billion

CAGR (2024-2029)

21.86%

Fastest Growing Segment

Piloted 

Largest Market

 North America

Market Size (2029)

USD 11.13 Billion






Market Overview

Global Urban Air Mobility Market was valued at USD3.41 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 21.86% through forecast 2029.The global urban air mobility (UAM) market is poised for transformative growth as cities explore innovative transportation solutions to alleviate congestion and enhance mobility. UAM encompasses a range of aerial vehicles and services designed to transport passengers and goods efficiently within urban environments. Key drivers include advancements in electric propulsion, autonomous flight technologies, and the push towards sustainable transportation options. These innovations promise to revolutionize urban transportation by offering faster, more flexible travel options that bypass traditional ground infrastructure limitations.

The market's evolution is supported by increasing urbanization trends and the need for scalable solutions to address rising traffic congestion and environmental concerns. UAM initiatives are gaining momentum with investments from both public and private sectors, fostering partnerships to develop regulatory frameworks and infrastructure for safe integration into existing urban landscapes. As stakeholders collaborate to overcome regulatory hurdles and technological challenges, the UAM market is expected to witness significant expansion, providing new opportunities for aerospace manufacturers, technology developers, and service providers alike.

The global UAM market is set to experience rapid growth driven by advancements in battery technology, infrastructure development for vertiports and charging stations, and the integration of digital platforms for seamless passenger experiences. These factors, coupled with increasing consumer demand for on-demand air travel solutions, position UAM as a pivotal component of future urban mobility ecosystems, reshaping how people and goods move within cities worldwide.

Key Market Drivers

Traffic Congestion and Urban Mobility Challenges

One of the primary drivers of the Global UAM Market is the persistent problem of traffic congestion in urban areas. Rapid urbanization has led to a surge in population in cities worldwide, resulting in overcrowded roadways and increased travel times. The hours spent in traffic not only lead to economic losses but also contribute to stress and reduced quality of life for urban residents.

UAM offers a promising solution to alleviate traffic congestion by taking to the skies. Electric Vertical Takeoff and Landing (eVTOL) aircraft, drones, and air taxis can bypass ground-level traffic, providing a more efficient mode of transportation. UAM promises to reduce travel times significantly, enabling commuters to reach their destinations faster and with less hassle. This driver is pushing governments, urban planners, and private companies to invest in UAM as a means to enhance urban mobility and reduce the strain on existing transportation infrastructure.

As a result, UAM can have a positive impact on the environment by reducing the emissions associated with road traffic and providing a more sustainable mode of transportation. Additionally, it can promote economic growth by creating new job opportunities in the aviation and technology sectors.

Technological Advancements in eVTOL Aircraft

The development of Electric Vertical Takeoff and Landing (eVTOL) aircraft is a significant driver propelling the UAM market forward. Technological advancements have paved the way for electric and hybrid-electric aircraft that are quieter, more energy-efficient, and environmentally friendly. These innovations enable eVTOL aircraft to become a practical and sustainable mode of urban transportation.

Advancements in battery technology, electric propulsion systems, and materials science have made it possible to design eVTOL aircraft that can take off and land vertically, eliminating the need for traditional runways. These aircraft can operate quietly, reducing noise pollution in urban environments. Furthermore, electric propulsion systems are more energy-efficient, resulting in lower operational costs compared to traditional aircraft.

Companies and startups worldwide are investing heavily in the development of eVTOL aircraft, with the goal of making urban air travel accessible to a broader population. As technology continues to advance, the UAM market is expected to see the introduction of increasingly efficient, safe, and affordable eVTOL solutions, making urban air travel a reality.

Increased Investment and Collaboration

The UAM market is experiencing a surge in investment from both established aerospace companies and new startups. This influx of capital is driving innovation and accelerating the development of urban air mobility solutions. Established aviation giants are investing in research and development to create eVTOL aircraft, while startups are working on innovative designs and concepts.

Moreover, partnerships and collaborations between aerospace manufacturers, technology companies, and urban planning authorities are becoming more prevalent. These collaborations are aimed at bringing UAM solutions to market efficiently and at scale. For instance, aviation companies are working with ride-sharing and technology firms to create integrated UAM platforms that can seamlessly connect passengers with eVTOL services.

Governments and municipalities are also recognizing the potential of UAM and are collaborating with industry stakeholders to develop regulatory frameworks and infrastructure to support urban air mobility. The increased investment and collaboration in the UAM market are key drivers of its growth, fostering an environment of innovation, efficiency, and cooperation. In July 2023, for instance, NextNorth Air Mobility and FlyNow Aviation collaborated on a groundbreaking sandbox project for urban air mobility. The project aimed to explore innovative solutions for integrating aerial transportation into urban landscapes. Engineers from both companies tested new technologies and operational strategies during the project. This collaboration marked a significant step forward in advancing urban air mobility initiatives. The project attracted attention for its potential to reshape future transportation systems in cities.

Environmental Sustainability and Emissions Reduction

Growing concerns about environmental sustainability and reducing greenhouse gas emissions are major drivers of the UAM market. Urban areas are often hotspots for air pollution, which is exacerbated by the high density of road traffic. UAM offers a more environmentally friendly mode of transportation, as eVTOL aircraft are designed to be electric or hybrid-electric, producing zero or reduced emissions compared to traditional gasoline or diesel-powered vehicles.

By introducing eVTOLs to urban transportation, the UAM market aims to significantly reduce the carbon footprint of urban mobility. These aircraft are designed to operate quietly and efficiently, contributing to a cleaner and more sustainable urban environment. Additionally, eVTOLs have the potential to play a crucial role in achieving ambitious climate goals by reducing the reliance on fossil fuels for transportation.

Governments and environmental organizations are increasingly advocating for cleaner modes of urban transportation, and UAM aligns with these goals. As a result, the market for urban air mobility is being driven by the desire to combat air pollution, reduce greenhouse gas emissions, and promote a more sustainable urban lifestyle.

Increasing Urbanization and Megacity Growth

The ongoing trend of urbanization and the growth of megacities are significant drivers of the UAM market. The United Nations projects that by 2050, two-thirds of the global population will live in urban areas. This rapid urbanization is intensifying the challenges of transportation, as more people compete for limited road space and public transport resources.

In megacities with populations exceeding 10 million, traffic congestion is a particularly acute issue. As urban areas become more densely populated, traditional ground transportation systems face limitations in terms of capacity and efficiency. UAM can help meet the growing demand for mobility in megacities, offering a solution that complements existing transportation modes.

The compact design of eVTOL aircraft allows them to take off and land in confined urban spaces, such as helipads and vertiports, making them well-suited for megacity environments. UAM can significantly enhance connectivity within and between megacities, reducing travel times and providing commuters with a faster, more efficient way to navigate urban landscapes. In July 2024, for instance, Marriott's Luxury Group partnered with Blade Urban Air Mobility to enhance guest experiences with innovative transportation solutions. The collaboration aimed to offer seamless aerial travel options for luxury hotel guests. Blade provided helicopter and urban air mobility services, ensuring efficient and luxurious travel experiences. This partnership expanded Marriott's service offerings, integrating cutting-edge transportation into its hospitality portfolio. The initiative garnered attention for its commitment to elevating guest convenience and travel efficiency through urban air mobility solutions.


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Key Market Challenges

Regulatory Framework and Certification

One of the primary challenges facing the UAM market is the development of a comprehensive regulatory framework and certification process for UAM operations. Unlike traditional aviation, which has a well-established set of regulations, UAM operates in a new and evolving space that does not fit neatly within existing regulatory structures.

Regulatory bodies, such as the Federal Aviation Administration (FAA) in the United States and the European Union Aviation Safety Agency (EASA) in Europe, are actively working to create a framework for UAM operations. However, establishing rules for a wide range of UAM vehicles and their diverse missions, from air taxis to delivery drones, presents complex challenges. Regulations must consider safety, airspace management, noise pollution, emissions, and integration into existing air traffic control systems.

The certification process for UAM vehicles and infrastructure is equally demanding. Each UAM aircraft, whether electric vertical takeoff and landing (eVTOL) air taxis or cargo drones, must undergo rigorous testing and validation to ensure their airworthiness and safety. The complex and time-consuming nature of this certification process can slow down the development and deployment of UAM solutions.

Overcoming these regulatory challenges requires close collaboration between industry stakeholders and regulators to strike the right balance between safety and innovation. Regulatory authorities must adapt quickly to support UAM's growth while maintaining rigorous safety standards.

Infrastructure Development

The UAM market's success is intrinsically tied to the development of appropriate infrastructure. This includes the establishment of vertiports, electric charging and refueling stations, air traffic management systems, and maintenance facilities. Building this infrastructure is a massive undertaking that requires substantial investment and careful planning.

Vertiports, which serve as takeoff and landing points for eVTOL air taxis and drones, must be strategically located in urban areas to ensure convenient access for passengers and cargo. The challenge lies in securing suitable land and navigating zoning regulations to construct these vertiports in densely populated urban environments. Furthermore, these vertiports must be equipped with charging or refueling infrastructure, which requires significant electrical infrastructure upgrades.

Integrating UAM into existing air traffic management systems is another hurdle. Airspace must be efficiently managed to avoid conflicts between UAM vehicles and traditional aircraft. UAM operations must be seamlessly coordinated with ground transportation, including ridesharing and public transit, to ensure a smooth transition for passengers.

These infrastructure challenges are complex and expensive, and their resolution often requires close collaboration between public and private entities. It is essential to secure the necessary funding, streamline approval processes, and plan infrastructure development that aligns with the unique needs of UAM.

Noise Pollution and Community Acceptance

UAM vehicles, particularly eVTOL air taxis, operate at low altitudes and can produce noise that impacts the communities below. Noise pollution is a significant concern, as it can affect the quality of life for urban residents and potentially limit UAM operations in noise-sensitive areas.

To gain community acceptance and overcome this challenge, UAM developers and operators must prioritize noise reduction technologies. Quieter propulsion systems, such as electric propulsion, are a step in the right direction. However, mitigating noise also involves addressing other factors, such as rotor noise and airframe design.

Public perception plays a crucial role in overcoming this challenge. Transparent communication with communities about the benefits of UAM, as well as noise mitigation efforts, can help build acceptance. Additionally, implementing noise abatement procedures, such as flying at higher altitudes until reaching vertiports, can help reduce noise exposure for those on the ground.

Balancing the need for efficient urban transportation with the imperative to minimize noise pollution will be a continuous challenge for the UAM industry. Addressing this challenge requires a multi-faceted approach, including technology innovation, community engagement, and regulatory oversight.

Safety and Risk Mitigation

Ensuring the safety of UAM operations is paramount, given the proximity of these aircraft to populated areas. There are several safety challenges to overcome, including the need to prevent mid-air collisions, manage vehicle malfunctions, and handle emergency situations in densely populated urban environments.

Risk mitigation strategies must be robust and comprehensive, encompassing both vehicle design and operational protocols. For example, eVTOL air taxis should incorporate redundant systems to ensure safe flight even in the event of equipment failures.

The development of robust safety standards and procedures, as well as effective training for UAM operators and air traffic controllers, is critical. The UAM industry must also be prepared to respond to unforeseen events, such as accidents or system failures, in a way that minimizes risks to both passengers and those on the ground.

Public trust in UAM safety is a crucial factor for market acceptance. Transparency about safety measures and incident response is essential to gain the confidence of passengers and communities. In a rapidly evolving industry like UAM, addressing safety challenges requires constant vigilance and a commitment to continuous improvement.

Economic Viability and Affordability

Achieving economic viability and affordability is a critical challenge in the UAM market. While UAM holds the promise of efficiency and reduced travel times, the cost of developing, manufacturing, and operating UAM vehicles and infrastructure can be high. This challenge extends to both eVTOL air taxis for passengers and cargo drones for deliveries.

Affordability is crucial for ensuring that UAM services are accessible to a broad range of people, not just those in high-income brackets. It is essential to develop UAM vehicles that are cost-effective to produce and operate, making urban air travel an attractive option for a wider population.

Achieving economies of scale, streamlining production processes, and implementing cost-effective maintenance procedures are key steps toward addressing this challenge. Public-private partnerships, government incentives, and subsidies can also play a role in making UAM more affordable and accessible.

Furthermore, the market must address pricing structures for UAM services, ensuring that fares are competitive with existing ground transportation options. Balancing cost-effectiveness with quality and safety will be a delicate task, requiring innovative business models and a deep understanding of market dynamics.

Key Market Trends

Diverse Range of UAM Applications

One prominent trend in the Global UAM Market is the emergence of a diverse range of applications beyond passenger transport. While urban air taxis for commuters often take the spotlight, UAM is expanding into various sectors, including:

a. Air Cargo Delivery: UAM is increasingly being utilized for the rapid and efficient delivery of goods and packages within urban areas. Cargo drones and eVTOL aircraft are being developed to transport goods while bypassing ground-level traffic congestion.

b. Emergency Medical Services (EMS): UAM platforms are being explored to provide faster access to medical facilities in emergency situations. Air ambulances and medical supply deliveries are a growing segment within the UAM market.

c. Public Services: Municipalities are considering UAM solutions for public services such as law enforcement, firefighting, and search and rescue missions. UAM vehicles can quickly reach emergency situations, access hard-to-reach areas, and provide critical support.

d. Aerial Tourism: UAM is also being harnessed for the booming aerial tourism industry. Scenic tours and short-distance intercity flights are becoming more accessible, offering a unique and exhilarating travel experience.

The diversification of UAM applications reflects the adaptability and versatility of these aerial platforms. As the technology matures, a growing number of industries and services are looking to leverage UAM to improve efficiency, safety, and accessibility.

Emerging Ecosystems and Urban Airports

The UAM market is giving rise to emerging ecosystems and the development of urban airports or vertiports. Unlike traditional airports, these facilities are designed to accommodate eVTOL air taxis and cargo drones. The emergence of vertiports is a significant trend in the UAM market, as they represent crucial infrastructure for enabling seamless urban air travel.

Vertiports serve as takeoff and landing points for UAM vehicles, providing a network of urban access points. These facilities are strategically located within cities, reducing travel times for passengers and ensuring efficient urban transportation.

Companies, urban planners, and governments are collaborating to develop and deploy vertiports. The construction and operation of vertiports require careful coordination with urban planning and zoning regulations to ensure that these facilities can be integrated into densely populated areas without causing disruption.

The growth of vertiports is vital for the UAM market to expand and become an integral part of urban transportation. Their development is a clear indication of the industry's commitment to building the necessary infrastructure to support UAM operations.

Rapid Technological Advancements

Technological advancements in UAM are driving innovation and shaping the market's growth. One of the most significant advancements is the development of electric vertical takeoff and landing (eVTOL) aircraft, which are designed to be electric or hybrid-electric, offering low emissions and reduced noise levels. These technological advancements are enabling the creation of quiet, energy-efficient, and environmentally friendly urban air mobility solutions.

Advancements in battery technology, electric propulsion systems, and materials science have made it possible to design eVTOL aircraft that can take off and land vertically, eliminating the need for traditional runways. These aircraft can operate quietly, reducing noise pollution in urban environments. Furthermore, electric propulsion systems are more energy-efficient, resulting in lower operational costs compared to traditional aircraft.

Companies and startups worldwide are investing heavily in the development of eVTOL aircraft, with the goal of making urban air travel accessible to a broader population. As technology continues to advance, the UAM market is expected to see the introduction of increasingly efficient, safe, and affordable eVTOL solutions, making urban air travel a reality.

Global Investment and Collaboration

Investment and collaboration are driving significant growth in the UAM market. Established aerospace companies, technology firms, and startups are attracting substantial investments to fund research and development, testing, and commercialization efforts. These investments are essential for driving innovation and accelerating the development of UAM solutions.

Partnerships and collaborations between industry stakeholders are becoming increasingly prevalent. Aviation companies are working with ride-sharing and technology firms to create integrated UAM platforms that seamlessly connect passengers with eVTOL services. These collaborations aim to provide holistic mobility solutions that incorporate ground transportation, air travel, and other urban services.

Governments and municipalities are also recognizing the potential of UAM and are collaborating with industry stakeholders to develop regulatory frameworks, infrastructure, and policy incentives to support urban air mobility. These partnerships are essential for fostering an environment of innovation, efficiency, and cooperation in the UAM market. In July 2024, for instance, The AMM and Economic Expansion Committee of Val d’Oise signed a MoU to collaborate on advancing the sustainable urban air mobility sector in France. The agreement aimed to foster innovation and infrastructure development for urban air transportation solutions. Both entities worked together to explore new technologies and regulatory frameworks. This collaboration represented a significant step towards integrating UAM into French urban environments. The MoU signing garnered attention for its potential to shape the future of transportation in the region.

Public Acceptance and User Experience

Public acceptance and the user experience are critical factors in the success of the UAM market. Ensuring that passengers and communities embrace UAM services is pivotal to its adoption and sustainability.

To address this trend, companies are focusing on improving the user experience by offering convenient and user-friendly booking and ride-sharing platforms. Mobile apps are being developed to allow passengers to request UAM services, track vehicles in real-time, and plan their journeys seamlessly.

Public perception plays a crucial role in the UAM market's success. Transparent communication with communities about the benefits of UAM and its safety measures is essential to build acceptance. UAM developers and operators are also considering strategies to minimize noise pollution, ensure safety, and manage UAM traffic in a way that aligns with community needs and expectations.

Overcoming challenges related to public acceptance is an ongoing process, but it is a vital trend that will determine the ultimate success and integration of UAM into urban environments.  

Segmental Insights

Application Analysis

The global urban air mobility (UAM) market, segmented by application into passenger transport and freighter services, represents a burgeoning sector poised for transformative impact on urban transportation. Passenger transport within UAM involves the use of aerial vehicles for commuting and short-distance travel, offering faster and more efficient alternatives to ground transportation in congested city environments. These services cater to individuals seeking rapid point-to-point connectivity without the constraints of traditional traffic patterns.

UAM freighter applications facilitate the aerial transport of goods, addressing logistical challenges such as last-mile delivery and emergency medical transport. These services leverage unmanned aerial vehicles (UAVs) and manned aircraft equipped to transport cargo swiftly and efficiently, particularly in dense urban areas where ground-based logistics face spatial and time-related limitations.

The UAM market include advancements in electric propulsion systems, which enhance vehicle efficiency and reduce environmental impact. Additionally, autonomous flight technologies play a crucial role in enabling safe and reliable operations, supporting the scalability of UAM services across diverse urban landscapes. The integration of digital platforms and infrastructure development, such as vertiports and charging stations, further underpin the market's expansion by facilitating seamless connectivity and operational efficiency for UAM operators.

As regulatory frameworks evolve to accommodate the integration of UAM into urban environments, collaborations between industry stakeholders and government bodies are pivotal in shaping the market's trajectory. This collaborative approach aims to address safety standards, airspace management, and community acceptance, ensuring the sustainable and inclusive development of urban air mobility solutions globally.


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Regional Insights

North America asserts dominance in the global urban air mobility (UAM) market due to several key factors. Firstly, the region boasts a robust ecosystem that nurtures technological innovation and entrepreneurship, supported by a strong network of aerospace companies, startups, and research institutions. This conducive environment encourages the development and deployment of UAM solutions, leveraging advancements in electric propulsion, autonomous flight systems, and digital infrastructure.

North America's regulatory framework is relatively adaptable and supportive of new aerospace technologies. Agencies like the FAA in the United States have been proactive in collaborating with industry stakeholders to develop guidelines for safe UAM operations, fostering a regulatory environment that promotes innovation while ensuring public safety.

The region benefits from substantial investments in infrastructure development, including vertiports, charging stations, and digital platforms essential for integrating UAM into urban transportation networks. These investments, often driven by public-private partnerships, enhance operational efficiency and facilitate seamless connectivity for UAM services.

North America's market dominance is bolstered by a strong consumer demand for efficient and sustainable transportation solutions. Urban centers facing traffic congestion and environmental challenges see UAM as a promising alternative to alleviate these issues, driving adoption and investment in the sector. Collectively, these factors position North America at the forefront of the global UAM market, driving innovation and shaping the future of urban mobility worldwide.

Recent Developments

  • In April 2024, Korean Air, Hyundai, KT, and additional partners successfully demonstrated a 5G urban air mobility system. The collaboration highlighted seamless connectivity and cutting-edge mobility solutions for urban environments. Engineers tested the integration of 5G technology in aerial transportation, improving communication and safety features. This milestone underscored the potential for scalable urban air mobility solutions in South Korea. The demonstration garnered significant interest for its impact on future transportation landscapes.
  • In November 2023, Eve successfully launched urban air mobility partnerships in Dubai and India. The initiatives aimed to enhance aerial transportation solutions in urban settings. Collaborations with local authorities and private sectors were integral to these launches. The partnerships facilitated trials and integration of Eve's advanced air mobility solutions in both regions. These developments garnered significant interest for their potential to revolutionize urban transportation systems.
  • In January 2024, Shenzhen inaugurated China’s pioneering urban air mobility (UAM) demonstration complex, marking a substantial leap for aerial sightseeing services. The complex showcased cutting-edge UAM technologies and infrastructure. It aimed to revolutionize urban transportation by offering innovative aerial sightseeing experiences. The inauguration event attracted widespread attention from industry leaders and enthusiasts alike. This development underscores China's commitment to advancing UAM capabilities and integrating them into urban landscapes.

Key Market Players

  • Airbus SE
  • Volocopter GmbH
  • Embraer S.A.
  • Honeywell International Inc.
  • Hyundai Motor Group
  • Jaunt Air Mobility LLC
  • Karem Aircraft, Inc.
  • Pivotal Aero, LLC
  • PIPISTREL d.o.o.
  • Safran SA

By Vehicle Type                                               

By Application                                                   

By Region                                                                        
  • Autonomous
  • Piloted
  • Passenger Transport
  • Freighter
  • North America
  • Europe & CIS
  • Asia-Pacific
  • South America
  • Middle East & Africa

 

Report Scope:

In this report, the Global Urban Air Mobility Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Urban Air Mobility Market, By Vehicle Type:

o   Autonomous

o   Piloted

  • Urban Air Mobility Market, By Application:

o   Passenger Transport

o   Freighter

  • Urban Air Mobility Market, By Region:

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   North America

§  United States

§  Canada

§  Mexico

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Turkey

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Urban Air Mobility Market.

Available Customizations:

Global Urban Air Mobility Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Urban Air Mobility Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Urban Air Mobility Market

5.    Global Urban Air Mobility Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Vehicle Type Market Share Analysis (Autonomous and Piloted)

5.2.2.    By Application Market Share Analysis (Passenger Transport and Freighter)  

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        Asia-Pacific Market Share Analysis

5.2.3.2.        Europe & CIS Market Share Analysis

5.2.3.3.        North America Market Share Analysis

5.2.3.4.        South America Market Share Analysis

5.2.3.5.        Middle East & Africa Market Share Analysis

5.2.4.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2023)

5.3.  Global Urban Air Mobility Market Mapping & Opportunity Assessment

5.3.1.    By Vehicle Type Market Mapping & Opportunity Assessment

5.3.2.    By Application Market Mapping & Opportunity Assessment

5.3.3.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Urban Air Mobility Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value  

6.2.  Market Share & Forecast

6.2.1.    By Vehicle Type Market Share Analysis

6.2.2.    By Application Market Share Analysis

6.2.3.    By Country Market Share Analysis

6.2.3.1.        China Market Share Analysis

6.2.3.2.        India Market Share Analysis

6.2.3.3.        Japan Market Share Analysis

6.2.3.4.        Indonesia Market Share Analysis

6.2.3.5.        Thailand Market Share Analysis

6.2.3.6.        South Korea Market Share Analysis

6.2.3.7.        Australia Market Share Analysis

6.2.3.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Urban Air Mobility Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value  

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Vehicle Type Market Share Analysis

6.3.1.2.2.           By Application Market Share Analysis

6.3.2.    India Urban Air Mobility Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value  

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Vehicle Type Market Share Analysis

6.3.2.2.2.           By Application Market Share Analysis

6.3.3.    Japan Urban Air Mobility Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value  

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Vehicle Type Market Share Analysis

6.3.3.2.2.           By Application Market Share Analysis

6.3.4.    Indonesia Urban Air Mobility Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.           By Value  

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.           By Vehicle Type Market Share Analysis

6.3.4.2.2.           By Application Market Share Analysis

6.3.5.    Thailand Urban Air Mobility Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.           By Value  

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.           By Vehicle Type Market Share Analysis

6.3.5.2.2.           By Application Market Share Analysis

6.3.6.    South Korea Urban Air Mobility Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.           By Value  

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.           By Vehicle Type Market Share Analysis

6.3.6.2.2.           By Application Market Share Analysis

6.3.7.    Australia Urban Air Mobility Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.           By Value  

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.           By Vehicle Type Market Share Analysis

6.3.7.2.2.           By Application Market Share Analysis

7.    Europe & CIS Urban Air Mobility Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value  

7.2.  Market Share & Forecast

7.2.1.    By Vehicle Type Market Share Analysis

7.2.2.    By Application Market Share Analysis

7.2.3.    By Country Market Share Analysis

7.2.3.1.        Germany Market Share Analysis

7.2.3.2.        Spain Market Share Analysis

7.2.3.3.        France Market Share Analysis

7.2.3.4.        Russia Market Share Analysis

7.2.3.5.        Italy Market Share Analysis

7.2.3.6.        United Kingdom Market Share Analysis

7.2.3.7.        Belgium Market Share Analysis

7.2.3.8.        Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Urban Air Mobility Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.           By Value  

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.           By Vehicle Type Market Share Analysis

7.3.1.2.2.           By Application Market Share Analysis

7.3.2.    Spain Urban Air Mobility Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.           By Value  

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.           By Vehicle Type Market Share Analysis

7.3.2.2.2.           By Application Market Share Analysis

7.3.3.    France Urban Air Mobility Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.           By Value  

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.           By Vehicle Type Market Share Analysis

7.3.3.2.2.           By Application Market Share Analysis

7.3.4.    Russia Urban Air Mobility Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.           By Value  

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.           By Vehicle Type Market Share Analysis

7.3.4.2.2.           By Application Market Share Analysis

7.3.5.    Italy Urban Air Mobility Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.           By Value  

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.           By Vehicle Type Market Share Analysis

7.3.5.2.2.           By Application Market Share Analysis

7.3.6.    United Kingdom Urban Air Mobility Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.           By Value  

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.           By Vehicle Type Market Share Analysis

7.3.6.2.2.           By Application Market Share Analysis

7.3.7.    Belgium Urban Air Mobility Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.           By Value  

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.           By Vehicle Type Market Share Analysis

7.3.7.2.2.           By Application Market Share Analysis

8.    North America Urban Air Mobility Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value  

8.2.  Market Share & Forecast

8.2.1.    By Vehicle Type Market Share Analysis

8.2.2.    By Application Market Share Analysis

8.2.3.    By Country Market Share Analysis

8.2.3.1.        United States Market Share Analysis

8.2.3.2.        Mexico Market Share Analysis

8.2.3.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Urban Air Mobility Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.           By Value  

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.           By Vehicle Type Market Share Analysis

8.3.1.2.2.           By Application Market Share Analysis

8.3.2.    Mexico Urban Air Mobility Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.           By Value  

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.           By Vehicle Type Market Share Analysis

8.3.2.2.2.           By Application Market Share Analysis

8.3.3.    Canada Urban Air Mobility Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.           By Value  

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.           By Vehicle Type Market Share Analysis

8.3.3.2.2.           By Application Market Share Analysis

9.    South America Urban Air Mobility Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value  

9.2.  Market Share & Forecast

9.2.1.    By Vehicle Type Market Share Analysis

9.2.2.    By Application Market Share Analysis

9.2.3.    By Country Market Share Analysis

9.2.3.1.        Brazil Market Share Analysis

9.2.3.2.        Argentina Market Share Analysis

9.2.3.3.        Colombia Market Share Analysis

9.2.3.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Urban Air Mobility Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.           By Value  

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.           By Vehicle Type Market Share Analysis

9.3.1.2.2.           By Application Market Share Analysis

9.3.2.    Colombia Urban Air Mobility Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.           By Value  

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.           By Vehicle Type Market Share Analysis

9.3.2.2.2.           By Application Market Share Analysis

9.3.3.    Argentina Urban Air Mobility Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.           By Value  

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.           By Vehicle Type Market Share Analysis

9.3.3.2.2.           By Application Market Share Analysis

10.  Middle East & Africa Urban Air Mobility Market Outlook

10.1.            Market Size & Forecast

10.1.1. By Value   

10.2.            Market Share & Forecast

10.2.1. By Vehicle Type Market Share Analysis

10.2.2. By Application Market Share Analysis

10.2.3. By Country Market Share Analysis

10.2.3.1.     South Africa Market Share Analysis

10.2.3.2.     Turkey Market Share Analysis

10.2.3.3.     Saudi Arabia Market Share Analysis

10.2.3.4.     UAE Market Share Analysis

10.2.3.5.     Rest of Middle East & Africa Market Share Analysis

10.3.            Middle East & Africa: Country Analysis

10.3.1. South Africa Urban Air Mobility Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value  

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Vehicle Type Market Share Analysis

10.3.1.2.2.         By Application Market Share Analysis

10.3.2. Turkey Urban Air Mobility Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value  

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Vehicle Type Market Share Analysis

10.3.2.2.2.         By Application Market Share Analysis

10.3.3. Saudi Arabia Urban Air Mobility Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value  

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Vehicle Type Market Share Analysis

10.3.3.2.2.         By Application Market Share Analysis

10.3.4. UAE Urban Air Mobility Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value  

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Vehicle Type Market Share Analysis

10.3.4.2.2.         By Application Market Share Analysis

11.  SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12.  Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1. Airbus SE

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. Volocopter GmbH

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. Embraer S.A.

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. Honeywell International Inc.

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. Hyundai Motor Group

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. Jaunt Air Mobility LLC

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. Karem Aircraft, Inc.

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Pivotal Aero, LLC

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. PIPISTREL d.o.o.

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10. Safran SA

14.1.10.1.  Company Details

14.1.10.2.  Key Product Offered

14.1.10.3.  Financials (As Per Availability)

14.1.10.4.  Recent Developments

14.1.10.5.  Key Management Personnel

15.  Strategic Recommendations

15.1.            Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Application

15.1.3. Target Vehicle Type

16.  About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Urban Air Mobility Market was estimated to be USD 3.41 Billion in 2023.

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In 2023, the piloted segment emerged as the fastest-growing vehicle type in the global urban air mobility market. This growth was driven by advancements in piloted air vehicles, regulatory support, and increasing consumer trust in manned urban air transport solutions, highlighting their potential for efficient and reliable urban mobility.

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The North America is the largest market region in the global urban air mobility market, driven by substantial investments in technology, favorable regulatory frameworks, and strong infrastructure development. The region's leadership in innovation and strategic public-private partnerships has positioned it at the forefront of the urban air mobility sector.

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The major drivers for the Global Urban Air Mobility Market include the increasing need for efficient, congestion-free urban transportation and advancements in electric vertical takeoff and landing (eVTOL) aircraft technology.

Related Reports

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Srishti Verma

Business Consultant
Press Release

Urban Air Mobility Market to Grow with a CAGR of 21.86% Globally through to 2029

Jul, 2024

Advancements in electric propulsion, increasing urbanization, and demand for efficient transportation solutions are the factors driving the global urban air mobility market in the forecast period.

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