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, 2018-2028

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 2.84 Billion

CAGR (2023-2028)

21.43%

Fastest Growing Segment

Piloted

Largest Market

North America 


Market Overview

Global Urban Air Mobility Market has valued at USD 2.84 Billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 21.43% through 2028. The Global Urban Air Mobility Market is currently experiencing a significant surge in growth as the demand for swift, efficient, and eco-friendly transport solutions in urban areas continues to rise. This sector is dominated by highly innovative technologies such as drones and air taxis, which are widely recognized as potential game-changers in addressing the challenges of urban congestion. These cutting-edge technologies are designed to revolutionize transportation by offering not only convenient and sustainable options for urban commuters but also opening up new possibilities for emergency services, aerial inspections, and even commercial deliveries. With ongoing advancements in autonomous flight capabilities and infrastructure development, the future of urban air mobility holds immense potential for transforming the way we live, work, and travel in cities.

The market is forecasted to witness substantial growth over the next decade. This growth will be fueled by significant advancements in technology, increased investment in infrastructure, and the ever-increasing demand for efficient transportation in densely populated urban areas. As cities continue to expand and populations grow at an unprecedented rate, the need for reliable and sustainable mobility solutions becomes even more critical. Urban air mobility, with its innovative and cutting-edge approach, offers a promising alternative to traditional modes of transportation. By providing faster and more convenient travel options for city dwellers, urban air mobility is poised to revolutionize the way we move and navigate our urban landscapes. Embracing this transformative technology will not only address the challenges of congestion and limited transportation options but also pave the way for a greener and more sustainable future.

In order for the urban air mobility industry to thrive, regulatory support and public acceptance play a crucial role. Governments and regulatory bodies must collaborate to establish clear guidelines, frameworks, and standards that ensure the safe, efficient, and reliable operation of urban air mobility services. This includes addressing airspace management, traffic regulations, certification processes, and safety protocols. Additionally, public acceptance is paramount to the success of this industry. People need to feel comfortable and confident in embracing these new modes of transportation, which requires building trust and addressing any concerns regarding safety, privacy, noise pollution, and environmental impact. Educating the public about the benefits of urban air mobility, such as reducing congestion, improving accessibility, and enabling efficient transportation in urban areas, will also contribute to wider acceptance and adoption. By actively engaging stakeholders, fostering collaboration, and continuously improving the technology and infrastructure, we can pave the way for the widespread adoption and integration of urban air mobility into our daily lives.

With its potential to alleviate traffic congestion and reduce carbon emissions, the Global Urban Air Mobility Market holds immense promise for the future of transportation. As technology continues to advance, these innovative solutions have the capability to revolutionize urban mobility, offering efficient transportation options that are not only convenient but also environmentally friendly. By integrating vertical takeoff and landing capabilities, these vehicles can navigate congested city landscapes with ease, providing a seamless travel experience for commuters. As more cities around the world embrace these advancements in urban transportation, we can anticipate a transformative impact on how we travel and live in our cities. From reducing travel times to improving accessibility, the possibilities are endless. The future of urban transportation is on the horizon, and it's an exciting time to be a part of this revolution.

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.

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.


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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.

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 Urban Air Mobility Market is experiencing a significant global surge. A confluence of advancements in technology, increasing congestion in urban areas, and an emphasis on sustainable modes of transportation has propelled this growth. Companies are developing innovative solutions, including autonomous aerial vehicles, for efficient urban transport. However, the market also faces challenges such as regulatory hurdles and safety concerns. It is a sector marked by rapid transformation and holds a promising potential for the future of urban transportation.

Vehicle Type Analysis

The global Urban Air Mobility (UAM) market encompasses a diverse array of vehicle types conceived to transform city transportation. These range from drones, used primarily for goods delivery, to air taxis and personal air vehicles designed for passenger transport. Other notable categories include hybrid aircraft and autonomous aerial vehicles. Each vehicle type is being developed with a distinct set of capabilities and targeted applications, collectively contributing to the evolution of urban air mobility.


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Regional Insights

The Global Urban Air Mobility Market shows different growth rates in different regions. The North American region, with its robust infrastructure and presence of major technology firms, is leading the charge in urban air mobility solutions. Meanwhile, regions like Asia-Pacific and Europe are not far behind, driven by increasing urbanization, technological advancements, and supportive government policies. Rapid growth is also expected in emerging economies such as China and India due to escalating urban population and increasing traffic congestion. However, regulatory challenges and safety concerns remain significant obstacles to the growth of the Urban Air Mobility Market worldwide.

Recent Developments

  • In January 2023, Geely Aerofugia, a subsidiary of the Chinese automaker Geely, announced that it completed the test flight of its prototype flying car AE200, taking a step closer to its goal of delivering electric vertical take-off and landing (eVTOL) vehicles to market. This company first unveiled a full-size demonstrator for its TF-2 five-seater eVTOL in August 2022.
  • In February 2022, Eve UAM LLC signed a partnership agreement with SkyportsPte Ltd for the development of a new Concept of Operations (CONOPS) for Advanced Air Mobility (AAM) (including UAM) for the Japan Civil Aviation Bureau (JCAB). The initiative aims to provide a vision of airspace design, operation, and infrastructure, to enable AAM operation in Japan. The collaboration includes partners like Kanematsu Corporation and Japan Airlines (JAL).

Key Market Players

  • Airbus SE
  • Volocopter GmbH
  • Embraer SA
  • Honeywell International Inc.
  • Hyundai Motor Group
  • Jaunt Air Mobility Corporation
  • Karem Aircraft Inc.
  • Opener Inc.
  • 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, 2022)

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 Africa

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. Safran SA

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. Airbus SE

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. Volocopter GmbH

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. Embraer SA

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. Honeywell International Inc.

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. Hyundai Motor Group

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. Jaunt Air Mobility Corporation

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. Karem Aircraft Inc.

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. Opener Inc.

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.              PIPISTREL d.o.o.

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 2.84 Billion in 2022.

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The Piloted segment was the dominant one by vehicle type in the Global Urban Air Mobility Market in 2022. This segment witnessed significant growth due to a higher level of safety and reliability offered by human pilotage, which is currently perceived as more trustworthy than autonomous systems in urban air mobility applications.

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The North America region currently dominates the global Urban Air Mobility market. This is largely due to the advanced technological developments, significant investments in urban air mobility initiatives, and regulatory support from the Federal Aviation Administration in the United States.

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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.

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Srishti Verma

Business Consultant
Press Release

Urban Air Mobility Market to Grow with a CAGR of 21.43% Globally through to 2028

Dec, 2023

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 (e

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