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The global urban air mobility market was valued at USD 2.42 Billion in 2022 and grew at a CAGR of 21.31% from 2023 to 2032. The market is expected to reach USD 16.70 Billion by 2032. The demand for urban air mobility is increasing due to the rising need for air travel to transport cargo and passengers.
Urban air mobility, developed in reaction to traffic congestion, uses small, highly automated aircraft to carry people or cargo at lower altitudes in urban and suburban regions. Generally speaking, it refers to current and developing technology, including uncrewed aerial vehicles, electrically driven vertical takeoff and landing aircraft, conventional helicopters, and vertical takeoff and landing aircraft. Multiple electric-powered rotors or fans for lift and propulsion, together with fly-by-wire technologies for control, are characteristics of these aircraft. The flying of vehicles at these altitudes necessitates a high level of awareness of the environment and safety of the vehicle, partly in response to the congested ground transportation system. The UAM ecosystem comprises urban/suburban development, airspace accessibility, operation, and general interaction between the vehicle and its environment.
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Rising need for fast transportation services: Traffic congestion leads to significant time wasted every day somewhere in the world. People become delayed in traffic jams, which results in fuel loss, decreased productivity, and less time spent with loved ones. Urban air mobility, fueled by cooperation among global governments, tech companies, automakers, and aviation giants, is safer and promises quicker and greener solutions. The UAM idea aims to provide quick and easy mobility solutions by integrating aerial transportation services into urban transportation networks. By incorporating cutting-edge technologies like eVTOL aircraft, UAM can reduce traffic, shorten travel times, and improve city transportation connectivity. Over the next decade, the worldwide commercial unmanned aerial vehicle sector is anticipated to expand, with airports being the primary hubs for regional and international transportation.
High investment: A large initial investment is needed for the heavy and complex machinery of unmanned vehicles. The air transportation is mostly prohibitively expensive. The cost of UAVs is high as they consist of many components that work efficiently to provide an efficient solution. The installation cost makes it more costly; thus, many small or middle-income countries need help to afford the vehicles. Also, the maintenance cost of these unmanned vehicles makes them unaffordable for many developing countries.
Investment in sustainable transport industry: As the second-biggest polluting component and the source of significant energy use, transport raises several environmental concerns. The greenhouse gas emissions from this field are also impacting the climate. Urban air mobility solves this issue by utilizing electric landing aircraft and takeoff. The market is expected to grow positively due to the numerous developments and technological breakthroughs planned, which will boost the adoption of urban air mobility in various cities. Sustainable aviation fuels and cutting-edge propulsion technology by various regional concerned authorities are helping to attain zero carbon emissions and opening up new growth opportunities for the industry.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant Urban Air Mobility market, with a 43.11% market revenue share in 2022.
North America region will account for the largest market share with revenue growth. Nations such as the U.S. and Canada have a tremendous demand for urban air mobility due to the growing demand for intercity and intracity travel. The presence of major companies in the area, which make significant investments in developing air mobility vehicle prototypes, supports the regional market's expansion. Additionally, the growing use of air taxis for intercity travel is fueling the business expansion in the area.
North America Region Urban Air Mobility Market Share in 2022 - 43.11%
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The mobility type segment is divided into air taxis, cargo air vehicles, personal air vehicles, air ambulance and medical emergency vehicles, air shuttles and air metros, and others. The air taxis segment dominated the market, with a share of around 32.19% in 2022. A tiny commercial aircraft that does on-demand, short flights are called an air taxi. Much work has been done to get air taxis ready to become a viable alternative mode of transportation for those living in developed regions such as Europe and North America.
The operation segment is divided into automated and piloted. The automated segment further includes fully and remotely. The piloted segment dominated the market, with a share of around 67.28% in 2022. Piloted urban air vehicles are still considered safer options for transporting people and cargo than automated ones. Further, piloted air mobility has been there for a longer period.
The platform architecture segment is divided into fixed-wing, rotary-wing and fixed-wing hybrid. The fixed-wing segment dominated the market, with a share of around 43.05% in 2022. Vehicles with fixed wings move through the air to produce lift from their wings. Compared to rotary-wing aircraft, fixed-wing drones are faster, more stable, and have a longer endurance. Fixed-wing aircraft have stationary wings that generate lift and help the aircraft move forward.
The range segment is divided into intracity and intercity. The intracity segment dominated the market, with a share of around 72.93% in 2022. Urban air mobility services are majorly used for intracity transportation. Air mobility services transport passengers and cargo to another city or state. Air transportation is the most effective mode of transportation for intracity travel.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2022 | USD 2.42 Billion |
| Market size value in 2032 | USD 16.70 Billion |
| CAGR (2023 to 2032) | 21.31% |
| Historical data | 2019-2021 |
| Base Year | 2022 |
| Forecast | 2023-2032 |
| Region | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
| Segments | Mobility Type, Operation, Platform Architecture and Range |
As per The Brainy Insights, the size of the urban air mobility market was valued USD 2.42 billion in 2022 to USD 16.70 billion by 2032.
Global urban air mobility market is growing at a CAGR of 21.31% during the forecast period 2023-2032.
North America region emerged as the largest market for the urban air mobility.
The market's growth will be influenced by the rising demand for fast transportation.
The high cost can hamper the market growth.
The rising awareness for sustainable transportation mode is providing lucrative opportunities to the market.
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 Mobility Type
4.3.2. Market Attractiveness Analysis by Operation
4.3.3. Market Attractiveness Analysis by Platform Architecture
4.3.4. Market Attractiveness Analysis by Range
4.3.5. Market Attractiveness Analysis by Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing demand for faster mode of transportation
5.3. Restraints
5.3.1. High cost
5.4. Opportunities
5.4.1. Increasing investment in sustainable transportation
5.5. Challenges
5.5.1. Requirement of skilled professionals
6. Global Urban Air Mobility Market Analysis and Forecast, By Mobility Type
6.1. Segment Overview
6.2. Air Taxis
6.3. Cargo Air Vehicles
6.4. Personal Air Vehicles
6.5. Air Ambulance and Medical Emergency Vehicles
6.6. Air Shuttles and Air Metros
6.7. Others
7. Global Urban Air Mobility Market Analysis and Forecast, By Operation
7.1. Segment Overview
7.2. Automated
7.2.1. Fully
7.2.2. Remotely
7.3. Piloted
8. Global Urban Air Mobility Market Analysis and Forecast, By Platform Architecture
8.1. Segment Overview
8.2. Fixed Wing
8.3. Rotary Wing
8.4. Fixed Wing Hybrid
9. Global Urban Air Mobility Market Analysis and Forecast, By Range
9.1. Segment Overview
9.2. Intracity
9.3. Intercity
10. Global Urban Air Mobility Market Analysis and Forecast, By Regional Analysis
10.1. Segment Overview
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.2.3. Mexico
10.3. Europe
10.3.1. Germany
10.3.2. France
10.3.3. U.K.
10.3.4. Italy
10.3.5. Spain
10.4. Asia-Pacific
10.4.1. Japan
10.4.2. China
10.4.3. India
10.5. South America
10.5.1. Brazil
10.6. Middle East and Africa
10.6.1. UAE
10.6.2. South Africa
11. Global Urban Air Mobility Market-Competitive Landscape
11.1. Overview
11.2. Market Share of Key Players in the Urban Air Mobility Market
11.2.1. Global Company Market Share
11.2.2. North America Company Market Share
11.2.3. Europe Company Market Share
11.2.4. APAC Company Market Share
11.3. Competitive Situations and Trends
11.3.1. Product Launches and Developments
11.3.2. Partnerships, Collaborations, and Agreements
11.3.3. Mergers & Acquisitions
11.3.4. Expansions
12. Company Profiles
12.1. Volocopter GmbH
12.1.1. Business Overview
12.1.2. Company Snapshot
12.1.3. Company Market Share Analysis
12.1.4. Company Product Portfolio
12.1.5. Recent Developments
12.1.6. SWOT Analysis
12.2. Bell Textron Inc.
12.2.1. Business Overview
12.2.2. Company Snapshot
12.2.3. Company Market Share Analysis
12.2.4. Company Product Portfolio
12.2.5. Recent Developments
12.2.6. SWOT Analysis
12.3. Uber Technologies, Inc.
12.3.1. Business Overview
12.3.2. Company Snapshot
12.3.3. Company Market Share Analysis
12.3.4. Company Product Portfolio
12.3.5. Recent Developments
12.3.6. SWOT Analysis
12.4. Lockheed Martin Corporation
12.4.1. Business Overview
12.4.2. Company Snapshot
12.4.3. Company Market Share Analysis
12.4.4. Company Product Portfolio
12.4.5. Recent Developments
12.4.6. SWOT Analysis
12.5. Airbus SE
12.5.1. Business Overview
12.5.2. Company Snapshot
12.5.3. Company Market Share Analysis
12.5.4. Company Product Portfolio
12.5.5. Recent Developments
12.5.6. SWOT Analysis
12.6. Lilium Aviation GmbH
12.6.1. Business Overview
12.6.2. Company Snapshot
12.6.3. Company Market Share Analysis
12.6.4. Company Product Portfolio
12.6.5. Recent Developments
12.6.6. SWOT Analysis
12.7. Carter Aviation Technologies LLC
12.7.1. Business Overview
12.7.2. Company Snapshot
12.7.3. Company Market Share Analysis
12.7.4. Company Product Portfolio
12.7.5. Recent Developments
12.7.6. SWOT Analysis
12.8. AirspaceX
12.8.1. Business Overview
12.8.2. Company Snapshot
12.8.3. Company Market Share Analysis
12.8.4. Company Product Portfolio
12.8.5. Recent Developments
12.8.6. SWOT Analysis
12.9. Guangzhou EHang Intelligence Technologies Co. Ltd.
12.9.1. Business Overview
12.9.2. Company Snapshot
12.9.3. Company Market Share Analysis
12.9.4. Company Product Portfolio
12.9.5. Recent Developments
12.9.6. SWOT Analysis
12.10. The Boeing Company
12.10.1. Business Overview
12.10.2. Company Snapshot
12.10.3. Company Market Share Analysis
12.10.4. Company Product Portfolio
12.10.5. Recent Developments
12.10.6. SWOT Analysis
List of Table
1. Global Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
2. Global Air Taxis, Urban Air Mobility Market, By Region, 2019-2032 (USD Billion)
3. Global Cargo Air Vehicles, Urban Air Mobility Market, By Region, 2019-2032 (USD Billion)
4. Global Personal Air Vehicles, Urban Air Mobility Market, By Region, 2019-2032 (USD Billion)
5. Global Air Ambulance and Medical Emergency Vehicles, Urban Air Mobility Market, By Region, 2019-2032 (USD Billion)
6. Global Air Shuttles and Air Metros, Urban Air Mobility Market, By Region, 2019-2032 (USD Billion)
7. Global Others, Urban Air Mobility Market, By Region, 2019-2032 (USD Billion)
8. Global Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
9. Global Automated, Urban Air Mobility Market, By Region, 2019-2032 (USD Billion)
10. Global Piloted, Urban Air Mobility Market, By Region, 2019-2032 (USD Billion)
11. Global Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
12. Global Fixed Wing, Urban Air Mobility Market, By Region, 2019-2032 (USD Billion)
13. Global Rotary Wing, Urban Air Mobility Market, By Region, 2019-2032 (USD Billion)
14. Global Fixed Wing Hybrid, Urban Air Mobility Market, By Region, 2019-2032 (USD Billion)
15. Global Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
16. Global Intracity, Urban Air Mobility Market, By Region, 2019-2032 (USD Billion)
17. Global Intercity, Urban Air Mobility Market, By Region, 2019-2032 (USD Billion)
18. Global Urban Air Mobility Market, By Region, 2019-2032 (USD Billion)
19. North America Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
20. North America Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
21. North America Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
22. North America Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
23. U.S. Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
24. U.S. Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
25. U.S. Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
26. U.S. Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
27. Canada Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
28. Canada Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
29. Canada Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
30. Canada Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
31. Mexico Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
32. Mexico Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
33. Mexico Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
34. Mexico Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
35. Europe Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
36. Europe Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
37. Europe Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
38. Europe Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
39. Germany Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
40. Germany Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
41. Germany Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
42. Germany Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
43. France Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
44. France Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
45. France Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
46. France Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
47. U.K. Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
48. U.K. Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
49. U.K. Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
50. U.K. Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
51. Italy Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
52. Italy Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
53. Italy Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
54. Italy Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
55. Spain Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
56. Spain Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
57. Spain Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
58. Spain Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
59. Asia Pacific Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
60. Asia Pacific Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
61. Asia Pacific Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
62. Asia Pacific Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
63. Japan Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
64. Japan Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
65. Japan Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
66. Japan Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
67. China Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
68. China Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
69. China Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
70. China Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
71. India Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
72. India Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
73. India Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
74. India Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
75. South America Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
76. South America Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
77. South America Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
78. South America Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
79. Brazil Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
80. Brazil Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
81. Brazil Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
82. BrazilUrban Air Mobility Market, By Range, 2019-2032 (USD Billion)
83. Middle East and Africa Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
84. Middle East and Africa Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
85. Middle East and Africa Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
86. Middle East and Africa Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
87. UAE Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
88. UAE Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
89. UAE Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
90. UAE Urban Air Mobility Market, By Range, 2019-2032 (USD Billion)
91. South Africa Urban Air Mobility Market, By Mobility Type, 2019-2032 (USD Billion)
92. South Africa Urban Air Mobility Market, By Operation, 2019-2032 (USD Billion)
93. South Africa Urban Air Mobility Market, By Platform Architecture, 2019-2032 (USD Billion)
94. South Africa Urban Air Mobility Market, By Range, 2019-2032 (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 Mobility Type
9. Global Urban Air Mobility Market Attractiveness Analysis by Operation
10. Global Urban Air Mobility Market Attractiveness Analysis by Platform Architecture
11. Global Urban Air Mobility Market Attractiveness Analysis by Range
12. Global Urban Air Mobility Market Attractiveness Analysis by Region
13. Global Urban Air Mobility Market: Dynamics
14. Global Urban Air Mobility Market Share by Mobility Type (2022 & 2032)
15. Global Urban Air Mobility Market Share by Operation (2022 & 2032)
16. Global Urban Air Mobility Market Share by Platform Architecture (2022 & 2032)
17. Global Urban Air Mobility Market Share by Range (2022 & 2032)
18. Global Urban Air Mobility Market Share by Regions (2022 & 2032)
19. Global Urban Air Mobility Market Share by Company (2022)
This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global urban air mobility market based on below mentioned segments:
Global Urban Air Mobility Market by Mobility Type:
Global Urban Air Mobility Market by Operation:
Global Urban Air Mobility Market by Platform Architecture:
Global Urban Air Mobility Market by Range:
Global Urban Air Mobility Market by Region:
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