Product Code: GVR-4-68040-377-7
Urban Air Mobility Market Size & Trends
The global urban air mobility market size was estimated at USD 3.58 billion in 2023 and is expected to grow at a CAGR of 34.2% from 2024 to 2030. The market growth is attributed to the rising need for faster and more efficient transportation amid rapid urbanization and a growing global population. Traffic congestion in urban areas has become a major concern, which makes urban air mobility (UAM) a potential solution that can improve commuting within cities, reduce travel times, and subsequently improve the quality of life for urban residents. Besides, as ride-hailing services have created a demand for flexible and convenient transportation, UAM vehicles can become the next generation of on-demand transportation. These factors are expected to open remunerative growth avenues for the UAM market over the coming years.
The continued technological advancements in mobility solutions are further fueling the growth of UAM market. For instance, the developments in electric propulsion systems and autonomous flight control are making electric vertical take-off and landing (eVTOL) vehicles a viable option for urban air mobility applications. These vehicles are more environmentally friendly, which aligns with the growing consumer preference for sustainable mobility solutions. Moreover, advancements in battery energy density and charging infrastructure are crucial for enabling longer range and shorter charging times for UAM vehicles, which will drive their adoption and commercial viability.
The growth potential of UAM market is attracting several public-private partnerships. For instance, in February 2024, Joby Aero, Inc. signed an agreement with Dubai's Road and Transport Authority (RTA) to introduce air taxi services in the country by early 2026. The company intends to commence the initial operations as early as 2025. This deal provides exclusive rights to operate air taxis in Dubai for the next six years.
The market growth is being further driven by increasing government investments to enhance air mobility. For instance, in February 2024, Vertical Aerospace received USD 10 million in funding from the U.K. Government, as a part of the Aerospace Technology Institute (ATI) Program, to deliver next-generation propellers to be used in its VX4 aircraft. This initiative is aimed at strengthening the country's position in the global market of urban air mobility, which aims to transform the way people travel around and between cities, providing a green and low noise means of transport.
Urban Air Mobility Market Report Segmentation
This report forecasts and estimates revenue growth at the global, regional, and country levels along with analyzes the latest market trends and opportunities in each one of the sub-segments from 2018 to 2030. For this study, Grand View Research has further segmented the global urban air mobility market report based on component, type, maximum take-off weight, propulsion, operation, range, application, product, end use, and region.
- Component Outlook (Revenue, USD Million, 2018 - 2030)
- Hardware
- Aerostructure
- Avionics
- Flight Control System
- Propulsion System
- Others
- Software
- Type Outlook (Revenue, USD Million, 2018 - 2030)
- Air Taxis
- Air Metros & Air Shuttles
- Personal Air Vehicles
- Cargo Air Vehicles
- Air Ambulances & Medical Emergency Vehicles
- Last-Mile Delivery Vehicles
- Maximum Take-off Weight Outlook (Revenue, USD Million, 2018 - 2030)
- <100 Kg
- 100 - 300 Kg
- >300 Kg
- Propulsion Outlook (Revenue, USD Million, 2018 - 2030)
- Gasoline
- Electric
- Hybrid
- Operation Outlook (Revenue, USD Million, 2018 - 2030)
- Remotely Piloted
- Fully Autonomous
- Hybrid
- Range Outlook (Revenue, USD Million, 2018 - 2030)
- Intracity (Below 100 km)
- Intercity (Above 100 km)
- Application Outlook (Revenue, USD Million, 2018 - 2030)
- Passenger Transport
- Freighter
- Product Outlook (Revenue, USD Million, 2018 - 2030)
- Fixed Wing
- Rotary Blade
- Hybrid
- End Use Outlook (Revenue, USD Million, 2018 - 2030)
- E-Commerce
- Commercial Ridesharing Operators
- Private Operators
- Medical Emergency Organizations
- Others
- Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
U.S.
Canada
Mexico
Germany
UK
France
Japan
China
India
South Korea
Australia
Brazil
- Middle East and Africa (MEA)
UAE
Saudi Arabia
South Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definitions
- 1.3. Information Procurement
- 1.3.1. Information analysis
- 1.3.2. Market formulation & data visualization
- 1.3.3. Data validation & publishing
- 1.4. 4 Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Urban Air Mobility Market Snapshot
- 2.2. Urban Air Mobility Market- Segment Snapshot (1/4)
- 2.3. Urban Air Mobility Market- Segment Snapshot (2/4)
- 2.4. Urban Air Mobility Market- Segment Snapshot (3/4)
- 2.5. Urban Air Mobility Market- Segment Snapshot (4/4)
- 2.6. Urban Air Mobility Market- Competitive Landscape Snapshot
Chapter 3. Urban Air Mobility (UAM) Market - Industry Outlook
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Market Dynamics
- 3.3.1. Market Driver Analysis
- 3.3.2. Market Restraint Analysis
- 3.3.3. Market Opportunity
- 3.3.4. Market Challenges
- 3.4. Industry Analysis Tools
- 3.4.1. Porter's analysis
- 3.4.2. Macroeconomic analysis
Chapter 4. Urban Air Mobility (UAM) Market: Component Estimates & Trend Analysis
- 4.1. Component Movement Analysis & Market Share, 2023 & 2030
- 4.2. Urban Air Mobility Market Estimates & Forecast, By Component (USD Million)
- 4.2.1. Hardware
- 4.2.1.1. Aerostructure
- 4.2.1.2. Avionics
- 4.2.1.3. Flight Control System
- 4.2.1.4. Propulsion System
- 4.2.1.5. Others
- 4.2.2. Software
Chapter 5. Urban Air Mobility (UAM) Market: Type Estimates & Trend Analysis
- 5.1. Type Movement Analysis & Market Share, 2023 & 2030
- 5.2. Urban Air Mobility Market Estimates & Forecast, By Type (USD Million)
- 5.2.1. Air Taxis
- 5.2.2. Air Metros & Air Shuttles
- 5.2.3. Personal Air Vehicles
- 5.2.4. Cargo Air Vehicles
- 5.2.5. Air Ambulances & Medical Emergency Vehicles
- 5.2.6. Last-Mile Delivery Vehicles
Chapter 6. Urban Air Mobility (UAM) Market: Maximum Take-off Weight Estimates & Trend Analysis
- 6.1. Maximum Take-off Weight Movement Analysis & Market Share, 2023 & 2030
- 6.2. Urban Air Mobility Market Estimates & Forecast, By Maximum Take-off Weight (USD Million)
- 6.2.1. <100 Kg
- 6.2.2. 100 - 300 Kg
- 6.2.3. >300 Kg
Chapter 7. Urban Air Mobility (UAM) Market: Propulsion Estimates & Trend Analysis
- 7.1. Propulsion Movement Analysis & Market Share, 2023 & 2030
- 7.2. Urban Air Mobility Market Estimates & Forecast, By Propulsion (USD Million)
- 7.2.1. Gasoline
- 7.2.2. Electric
- 7.2.3. Hybrid
Chapter 8. Urban Air Mobility (UAM) Market: Operation Estimates & Trend Analysis
- 8.1. Operation Movement Analysis & Market Share, 2023 & 2030
- 8.2. Urban Air Mobility Market Estimates & Forecast, By Operation (USD Million)
- 8.2.1. Remotely Piloted
- 8.2.2. Fully Autonomous
- 8.2.3. Hybrid
Chapter 9. Urban Air Mobility (UAM) Market: Range Estimates & Trend Analysis
- 9.1. Range Movement Analysis & Market Share, 2023 & 2030
- 9.2. Urban Air Mobility Market Estimates & Forecast, By Range (USD Million)
- 9.2.1. Intracity (Below 100 km)
- 9.2.2. Intercity (Above 100 km)
Chapter 10. Urban Air Mobility (UAM) Market: Application Estimates & Trend Analysis
- 10.1. Application Movement Analysis & Market Share, 2023 & 2030
- 10.2. Urban Air Mobility Market Estimates & Forecast, By Application (USD Million)
- 10.2.1. Passenger Transport
- 10.2.2. Freighter
Chapter 11. Urban Air Mobility (UAM) Market: Product Estimates & Trend Analysis
- 11.1. Product Movement Analysis & Market Share, 2023 & 2030
- 11.2. Urban Air Mobility Market Estimates & Forecast, By Product (USD Million)
- 11.2.1. Fixed Wing
- 11.2.2. Rotary Blade
- 11.2.3. Hybrid
Chapter 12. Urban Air Mobility (UAM) Market: End Use Estimates & Trend Analysis
- 12.1. End Use Movement Analysis & Market Share, 2023 & 2030
- 12.2. Urban Air Mobility Market Estimates & Forecast, By End Use (USD Million)
- 12.2.1. E-Commerce
- 12.2.2. Commercial Ridesharing Operators
- 12.2.3. Private Operators
- 12.2.4. Medical Emergency Organizations
- 12.2.5. Others
Chapter 13. Regional Estimates & Trend Analysis
- 13.1. Urban Air Mobility Market by Region, 2023 & 2030
- 13.2. North America
- 13.2.1. North America Urban Air Mobility Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 13.2.2. U.S.
- 13.2.3. Canada
- 13.2.4. Mexico
- 13.3. Europe
- 13.3.1. Europe Urban Air Mobility Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 13.3.2. Germany
- 13.3.3. U.K.
- 13.3.4. France
- 13.4. Asia Pacific
- 13.4.1. Asia Pacific Urban Air Mobility Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 13.4.2. Japan
- 13.4.3. China
- 13.4.4. India
- 13.4.5. South Korea
- 13.4.6. Australia
- 13.5. Latin America
- 13.5.1. Latin America Urban Air Mobility Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 13.5.2. Brazil
- 13.6. Middle East & Africa (MEA)
- 13.6.1. MEA Urban Air Mobility Market Estimates & Forecasts, 2018 - 2030, (USD Million)
- 13.6.2. UAE
- 13.6.3. Saudi Arabia
- 13.6.4. South Africa
Chapter 14. Urban Air Mobility (UAM) Market - Competitive Landscape
- 14.1. Recent Developments & Impact Analysis, By Key Market Participants
- 14.2. Company Categorization
- 14.3. Participant's Overview
- 14.4. Financial Performance
- 14.5. Product Benchmarking
- 14.6. Company Market Share Analysis, 2023
- 14.7. Company Heat Map Analysis
- 14.8. Strategy Mapping
- 14.8.1. Expansion
- 14.8.2. Merger & Acquisition
- 14.8.3. Collaborations/Partnerships
- 14.8.4. New Product Launches
- 14.9. Company Profiles
- 14.9.1. Airbus
- 14.9.1.1. Participant's Overview
- 14.9.1.2. Financial Performance
- 14.9.1.3. Product Benchmarking
- 14.9.1.4. Recent Developments
- 14.9.2. Lilium GmbH
- 14.9.2.1. Participant's Overview
- 14.9.2.2. Financial Performance
- 14.9.2.3. Product Benchmarking
- 14.9.2.4. Recent Developments
- 14.9.3. Guangzhou EHang Intelligent Technology Co. Ltd
- 14.9.3.1. Participant's Overview
- 14.9.3.2. Financial Performance
- 14.9.3.3. Product Benchmarking
- 14.9.3.4. Recent Developments
- 14.9.4. Eve Holding, Inc.
- 14.9.4.1. Participant's Overview
- 14.9.4.2. Financial Performance
- 14.9.4.3. Product Benchmarking
- 14.9.4.4. Recent Developments
- 14.9.5. Vertical Aerospace
- 14.9.5.1. Participant's Overview
- 14.9.5.2. Financial Performance
- 14.9.5.3. Product Benchmarking
- 14.9.5.4. Recent Developments
- 14.9.6. Textron Inc.
- 14.9.6.1. Participant's Overview
- 14.9.6.2. Financial Performance
- 14.9.6.3. Product Benchmarking
- 14.9.6.4. Recent Developments
- 14.9.7. Joby Aero, Inc.
- 14.9.7.1. Participant's Overview
- 14.9.7.2. Financial Performance
- 14.9.7.3. Product Benchmarking
- 14.9.7.4. Recent Developments
- 14.9.8. Embraer Group
- 14.9.8.1. Participant's Overview
- 14.9.8.2. Financial Performance
- 14.9.8.3. Product Benchmarking
- 14.9.8.4. Recent Developments
- 14.9.9. Hyundai Motor Company
- 14.9.9.1. Participant's Overview
- 14.9.9.2. Financial Performance
- 14.9.9.3. Product Benchmarking
- 14.9.9.4. Recent Developments
- 14.9.10. Archer Aviation Inc.
- 14.9.10.1. Participant's Overview
- 14.9.10.2. Financial Performance
- 14.9.10.3. Product Benchmarking
- 14.9.10.4. Recent Developments
- 14.9.11. The AIRO Group, Inc.
- 14.9.11.1. Participant's Overview
- 14.9.11.2. Financial Performance
- 14.9.11.3. Product Benchmarking
- 14.9.11.4. Recent Developments
- 14.9.12. Wingcopter GmbH
- 14.9.12.1. Participant's Overview
- 14.9.12.2. Financial Performance
- 14.9.12.3. Product Benchmarking
- 14.9.12.4. Recent Developments
- 14.9.13. BETA Technologies, Inc.
- 14.9.13.1. Participant's Overview
- 14.9.13.2. Financial Performance
- 14.9.13.3. Product Benchmarking
- 14.9.13.4. Recent Developments
- 14.9.14. Volocopter GmbH
- 14.9.14.1. Participant's Overview
- 14.9.14.2. Financial Performance
- 14.9.14.3. Product Benchmarking
- 14.9.14.4. Recent Developments
- 14.9.15. Uber Technologies, Inc.
- 14.9.15.1. Participant's Overview
- 14.9.15.2. Financial Performance
- 14.9.15.3. Product Benchmarking
- 14.9.15.4. Recent Developments
- 14.9.16. Safran Group
- 14.9.16.1. Participant's Overview
- 14.9.16.2. Financial Performance
- 14.9.16.3. Product Benchmarking
- 14.9.16.4. Recent Developments