The global urban air mobility market is expected to reach USD 29.0 billion by 2030, at a CAGR of 33.9% from 2022 to 2030. The demand for urban air mobility has grown due to the increasing demand for an alternative mode of transportation in urban areas. Furthermore, the growing urban population propels the market's growth during the forecast period.
Urban air mobility is the movement of passengers using a small, highly automated aircraft capable of carrying cargo and passengers at lower altitudes in suburban and urban areas that have been developed to help curb the traffic congestion on the road. Some of the air mobility vehicles also include the existing vehicles such as traditional helicopters, vertical-takeoff-and-landing aircraft (VTOL), electrically propelled vertical-takeoff-and-landing aircraft (eVTOL), and unmanned aerial vehicles (UAVs). Fly-by-wire systems characterize these urban air mobility vehicles to control them and use multiple electric-powered fans for propulsion and lift. The air transport mode benefits different commercial and civil applications in medical emergencies. Urban air mobility is considered a safer and faster mode of transport. Several aerospace companies are investing and focusing more on technological development at a high growth rate for advancing air mobility vehicles technologically. Various urban air mobility like eVTOLs, VTOLs, and STOLs have been introduced as an effective alternative mode of transport. eVTOL mainly helps in middle-mile, last-mile cargo delivery, and medical services. These types of aircraft are being considered ride-sharing aircraft also and are cheaper when compared to helicopters.
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The increasing demand for an alternative mode of transportation is a significant factor driving the market's growth. According to research, it is expected that within a few years, most of the population will shift to urban areas, and the use of vehicles will also increase, so avoiding the traffic would work better. According to reports suggested by the International Air Transport Association (IATA), the number of passengers demanding air travel will double in some years. These aircraft are preferred in case of short trips and help quickly deliver medical services propelling the market's growth.
The people estimate that increasing modes of air transportation like air taxis, air ambulances, last-mile delivery, and cargo deliveries would result in the loss of jobs for many people. Passengers are cautious about their safety and security in this transportation mode and prefer urban air mobility only for long-distance trips. This mode of transport seems to be accepted mainly by the younger generation and wealthier people, but the metropolitan areas are still unwilling to bring this to function. According to research, various psychological and potential societal barriers are not allowing to accept the concept entirely and restraining the market growth.
Transportation has many environmental concerns as it is responsible for energy consumption on a large scale and is the second-largest polluting factor. The greenhouse gas emitted from this field is affecting the climate as well. Urban Air Mobility uses electric vertical takeoff and landing (eVTOL) aircraft and provides a solution to this problem. Various development and technological advancements are being planned, which will increase the adoption of the Urban Air Mobility in different cities and is promising a positive growth opportunity for the market. IATA is planning to introduce sustainable aviation fuels (SAF) and new innovative propulsion technologies, which will help achieve zero carbon emission, providing an opportunity for the market's growth.
As urban air mobility is based mainly on software, many cyber security concerns are associated with it. The cost of introducing this system is very high, and more investments are needed. Attack on Air Traffic Control (ATC) datalinks and threats to onboard networks and code are some of the major cyber threats that the Urban Air Mobility system is yet to tackle. Many more security-related modeling and designs need to be considered. To introduce the safety proposals related to cybersecurity, new advanced technological safeguard is required for the aerial vehicles, which needs a considerable sum of money. All these are challenging the growth of the market.
The global urban air mobility market has been segmented based on vehicle type, range, operation, and regions.
The regions analyzed for the urban air mobility market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North America emerged as the largest market for the global urban air mobility market, with a 41.8% share of the market revenue in 2021.
The North American region currently dominates the urban air mobility market with a 41.8% share of the market revenue in 2021. The presence of Boeing company in the region which is heavily investing in creating prototypes for the air mobility vehicles, fuels the growth of the market in the region. Furthermore, the rising adoption of air taxis for intercity travel propels the market's growth in the region.
The North America Aerosol Cans Market Share in 2018 - 35%
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The key players are now concentrating on implementing strategies such as adopting new applications, product innovations, mergers & acquisitions, joint ventures, alliances, and partnerships to improve their market position in the global urban air mobility market industry.
As per The Brainy Insights, the size of the urban air mobility market was valued at USD 2.1 billion in 2021 to USD 29.0 billion by 2030.
The global urban air mobility market is growing at a CAGR of 33.9% during the forecast period 2022-2030.
The global urban air mobility market has been segmented based on vehicle type, range, operation, and regions. The air taxi segment led the market in 2021. The intercity segment led the market in 2021.
North America emerged as the largest market for urban air mobility.
The market's growth will be influenced by the rising demand for an alternative mode of transport.
Lack of proper security against cyber threats could hamper market growth.
Various environmental concerns will provide considerable opportunities to the market.
Key players are Bell Textron Inc., Volocopter GmbH, Uber Technologies, Inc., Airbus SE., Lockheed Martin Corporation, Lilium Aviation GmbH, Carter Aviation Technologies LLC, Guangzhou EHang Intelligence Technologies Co. Ltd
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Vehicle Type
4.3.2. Market Attractiveness Analysis By Range
4.3.3. Market Attractiveness Analysis By Operation
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Rising demand for an alternative mode of transport
5.3. Restraints
5.3.1. Lack of societal acceptance
5.4. Opportunities
5.4.1. Various environmental concerns
5.5. Challenges
5.5.1. Lack of proper security against cyber threats
6. Global Urban Air Mobility Market Analysis and Forecast, By Vehicle Type
6.1. Segment Overview
6.2. Air Taxis
6.3. Air Ambulances
6.4. Air Metro
6.5. Last-mile delivery
6.6. Others
7. Global Urban Air Mobility Market Analysis and Forecast, By Range
7.1. Segment Overview
7.2. Intercity
7.3. Intracity
8. Global Urban Air Mobility Market Analysis and Forecast, By Operation
8.1. Segment Overview
8.2. Piloted
8.3. Hybrid
8.4. Autonomous
9. Global Urban Air Mobility Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Urban Air Mobility Market-Competitive Landscape
10.1. Overview
10.1.1. Market Share of Key Players in the Urban Air Mobility Market
10.1.2. Global Company Market Share
10.1.3. North America Company Market Share
10.1.4. Europe Company Market Share
10.1.5. APAC Company Market Share
10.2. Competitive Situations and Trends
10.2.1. Product Launches and Developments
10.2.2. Partnerships, Collaborations, and Agreements
10.2.3. Mergers & Acquisitions
10.2.4. Expansions
11. Company Profiles
11.1. Bell Textron Inc.
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Component Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. Volocopter GmbH
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Component Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Uber Technologies, Inc.
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Component Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. Airbus SE.
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Component Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Lockheed Martin Corporation
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Component Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. Lilium Aviation GmbH
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Component Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Carter Aviation Technologies LLC
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Component Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Guangzhou EHang Intelligence Technologies Co. Ltd
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Component Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. AirspaceX
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Component Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. The Boeing Company
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Component Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
2. Global Air Taxis Urban Air Mobility Market, By Region, 2019-2030 (USD Billion)
3. Global Air Ambulances Urban Air Mobility Market, By Region, 2019-2030 (USD Billion)
4. Global Air Metro Urban Air Mobility Market, By Region, 2019-2030 (USD Billion)
5. Global Last-mile Delivery Urban Air Mobility Market, By Region, 2019-2030 (USD Billion)
6. Global Others Urban Air Mobility Market, By Region, 2019-2030 (USD Billion)
7. Global Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
8. Global Intercity Urban Air Mobility Market, By Region, 2019-2030 (USD Billion)
9. Global Intracity Urban Air Mobility Market, By Region, 2019-2030 (USD Billion)
10. Global Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
11. Global Piloted Urban Air Mobility Market, By Region, 2019-2030 (USD Billion)
12. Global Hybrid Urban Air Mobility Market, By Region, 2019-2030 (USD Billion)
13. Global Autonomous Urban Air Mobility Market, By Region, 2019-2030 (USD Billion)
14. Global Engine Starting Urban Air Mobility Market, By Region, 2019-2030 (USD Billion)
15. North America Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
16. North America Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
17. North America Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
18. U.S. Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
19. U.S. Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
20. U.S. Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
21. Canada Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
22. Canada Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
23. Canada Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
24. Mexico Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
25. Mexico Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
26. Mexico Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
27. Europe Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
28. Europe Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
29. Europe Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
30. Germany Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
31. Germany Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
32. Germany Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
33. France Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
34. France Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
35. France Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
36. U.K. Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
37. U.K. Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
38. U.K. Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
39. Italy Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
40. Italy Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
41. Italy Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
42. Spain Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
43. Spain Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
44. Spain Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
45. Asia Pacific Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
46. Asia Pacific Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
47. Asia Pacific Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
48. Japan Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
49. Japan Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
50. Japan Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
51. China Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
52. China Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
53. China Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
54. India Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
55. India Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
56. India Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
57. South America Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
58. South America Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
59. South America Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
60. Brazil Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
61. Brazil Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
62. Brazil Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
63. The Middle East and Africa Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
64. The Middle East and Africa Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
65. The Middle East and Africa Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
66. UAE Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
67. UAE Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
68. UAE Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
69. South Africa Urban Air Mobility Market, By Vehicle Type, 2019-2030 (USD Billion)
70. South Africa Urban Air Mobility Market, By Range, 2019-2030 (USD Billion)
71. South Africa Urban Air Mobility Market, By Operation, 2019-2030 (USD Billion)
List of Figures
1. Global Urban Air Mobility Market Segmentation
2. Urban Air Mobility Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Urban Air Mobility Market Attractiveness Analysis By Vehicle Type
9. Global Urban Air Mobility Market Attractiveness Analysis By Range
10. Global Urban Air Mobility Market Attractiveness Analysis By Operation
11. Global Urban Air Mobility Market Attractiveness Analysis By Region
12. Global Urban Air Mobility Market: Dynamics
13. Global Urban Air Mobility Market Share by Vehicle Type (2022 & 2030)
14. Global Urban Air Mobility Market Share by Range (2022 & 2030)
15. Global Urban Air Mobility Market Share by Operation (2022 & 2030)
16. Global Urban Air Mobility Market Share by Regions (2022 & 2030)
17. Global Urban Air Mobility Market Share by Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. Brainy Insights has segmented the global urban air mobility market based on the below-mentioned segments:
Global Urban Air Mobility Market by Vehicle Type:
Global Urban Air Mobility Market by Range:
Global Urban Air Mobility Market by Operation:
Global Urban Air Mobility Market by Region:
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