The Urban Air Mobility Market is estimated to reach USD 15.54 Billion from USD 3.10 Billion in 2023, delivering a CAGR of 25.9% through 2030. The market growth is driven by the mounting need for enhancing operational efficiency along with the reduction in human intervention for intracity and intercity transportation with eVTOLs.
Urban Air Mobility (UAM) is an emerging form of air transportation service (either unmanned or manned) in low-altitude airspace. The industry is still at a nascent stage and is estimated to experience the first ray of commercialization by the end of 2023.
Urban Air Mobility is a transportation model that offers the potential to reconstruct mobility systems. It proposes accessible, highly affordable, and fast urban air transit while reducing ground-based congestion by off-loading the existing roadways transportation infrastructure.
Urban Air Mobility relies on emerging technologies like distributed electric propulsion, trends in advanced aerospace manufacturing for reducing production costs, and new business models like application-based ride-sharing.
Key players in the Global Urban Air Mobility Market are AIRSPACEX, CityAirbus (Airbus Helicopters), Airbus A3, Aurora Flight Sciences (A Boeing Company), Lilium Aviation, Bartini, Carter Aviation, Passenger Drone, Vimana, Joby Aviation, Volocopter, Workhorse, Kitty Hawk / Zee Aero, Terrafugia, AviaNovations, hopFlyt, Delorean Aerospace, Hoversurf, Japan Aerospace Exploration Agency, Jetpack Aviation, XTI Aircraft, Embraer, Pipistrel, and VerdeGo Aero.
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This report forecasts volume and revenue growth at a global, regional, and country level, and provides an analysis of the industry trends in each of the sub-segments from 2023 to 2030. For the purpose of this study, Reports and Data has segmented the Global Urban Air Mobility Market on the basis of component, operation, range, and region:
Component Outlook (Revenue, USD Million; 2023-2030)
Operation Outlook (Revenue, USD Million; 2023-2030)
Range Outlook (Revenue, USD Million; 2023-2030)
Regional Outlook (Revenue, USD Million; 2023-2030)
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