PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1460742
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1460742
Urban Air Mobility Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
The urban air mobility market was USD 3,903.0 million in 2023, and it will increase to USD 29,717.9 million, powering at a 33.8% compound annual growth rate, by 2030.
The growth is because of the rising urban road traffic, resulting in the growing requirement for an alternative to road transportation, primarily for quick short- & medium-range travel.
The deteriorating conditions of road traffic in very populated cities are an important reason that will boost the growth of this industry.
The increasing road traffic in urban areas is causing long traffic jams, resulting in the wastage of valuable time. This is subsequently decelerating the economic development of different nations.
The rising road traffic bottleneck is also resulting in the rising occurrence of road accidents, particularly in developing nations like Indonesia, India, and China. Due to these reasons, the acceptance of autonomous aerial mobility solutions is rapidly rising around the globe, which will aid the industry expansion.
A key trend presently being observed in this industry is the increase in funding for startups operating in this area.
Major firms operating in the ground transportation area and those that provide cargo airplanes and conventional passenger services or produce vehicles are some of the key investors.
Market Insights
North America led the industry in 2023, with approximately 45% share. This can be attributed to the fact that individuals residing in main North American cities are progressively choosing airport shuttle and air taxi services owing to the increasing traffic congestion.
Europe will advance at the fastest compound annual growth rate, of 34.3%, during this decade. This is ascribed to the large investments from France and Germany, for the procurement of the electrical vertical take-off and landing (eVTOL) technology for commercial processes.
The passenger aircraft was the largest contributor to the industry in 2023, with approximately 75% share. This can be mainly attributed to the fact that the requirement for passenger aircraft will be more compared to that for cargo delivery services across the globe.
The intercity range is likely to advance at a faster compound annual growth rate, of 34.2%, during this decade. This can be ascribed to the longer flight range of the eVTOL airplane, because of the swift technological improvements in the battery, fuselage, and motor.
The intracity range accounted for the largest share of the industry. This is because the aircraft is presently being specifically developed for intracity travel, due to strict rules the field is subject to any restriction in the battery technology.
The autonomous operation type was the largest contributor to the industry in 2023, with approximately 80% revenue share. This is primarily because autonomous airplanes are more ideal for cargo and passenger services compared to piloted ones.
The urban air mobility industry is consolidated in nature, because of a few major companies accounting for a major share. As the industry is a future opportunity, key players are hoping to make a fortune are entering into joint ventures and partnerships, to give them the maximum possibility of success.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by aircraft type
- 1.4.2. Market size breakdown, by range
- 1.4.3. Market size breakdown, by operation type
- 1.4.4. Market size breakdown, by end user
- 1.4.5. Market size breakdown, by region
- 1.4.6. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Revenue, by Aircraft Type (2017-2030)
- 6.3. Market Revenue, by Range (2017-2030)
- 6.4. Market Revenue, by Operation Type (2017-2030)
- 6.5. Market Revenue, by End User (2017-2030)
- 6.6. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Revenue, by Aircraft Type (2017-2030)
- 7.3. Market Revenue, by Range (2017-2030)
- 7.4. Market Revenue, by Operation Type (2017-2030)
- 7.5. Market Revenue, by End User (2017-2030)
- 7.6. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Revenue, by Aircraft Type (2017-2030)
- 8.3. Market Revenue, by Range (2017-2030)
- 8.4. Market Revenue, by Operation Type (2017-2030)
- 8.5. Market Revenue, by End User (2017-2030)
- 8.6. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Revenue, by Aircraft Type (2017-2030)
- 9.3. Market Revenue, by Range (2017-2030)
- 9.4. Market Revenue, by Operation Type (2017-2030)
- 9.5. Market Revenue, by End User (2017-2030)
- 9.6. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Revenue, by Aircraft Type (2017-2030)
- 10.3. Market Revenue, by Range (2017-2030)
- 10.4. Market Revenue, by Operation Type (2017-2030)
- 10.5. Market Revenue, by End User (2017-2030)
- 10.6. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Revenue, by Aircraft Type (2017-2030)
- 11.3. Market Revenue, by Range (2017-2030)
- 11.4. Market Revenue, by Operation Type (2017-2030)
- 11.5. Market Revenue, by End User (2017-2030)
- 11.6. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Revenue, by Aircraft Type (2017-2030)
- 12.3. Market Revenue, by Range (2017-2030)
- 12.4. Market Revenue, by Operation Type (2017-2030)
- 12.5. Market Revenue, by End User (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Revenue, by Aircraft Type (2017-2030)
- 13.3. Market Revenue, by Range (2017-2030)
- 13.4. Market Revenue, by Operation Type (2017-2030)
- 13.5. Market Revenue, by End User (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Revenue, by Aircraft Type (2017-2030)
- 14.3. Market Revenue, by Range (2017-2030)
- 14.4. Market Revenue, by Operation Type (2017-2030)
- 14.5. Market Revenue, by End User (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Revenue, by Aircraft Type (2017-2030)
- 15.3. Market Revenue, by Range (2017-2030)
- 15.4. Market Revenue, by Operation Type (2017-2030)
- 15.5. Market Revenue, by End User (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Revenue, by Aircraft Type (2017-2030)
- 16.3. Market Revenue, by Range (2017-2030)
- 16.4. Market Revenue, by Operation Type (2017-2030)
- 16.5. Market Revenue, by End User (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Revenue, by Aircraft Type (2017-2030)
- 17.3. Market Revenue, by Range (2017-2030)
- 17.4. Market Revenue, by Operation Type (2017-2030)
- 17.5. Market Revenue, by End User (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Revenue, by Aircraft Type (2017-2030)
- 18.3. Market Revenue, by Range (2017-2030)
- 18.4. Market Revenue, by Operation Type (2017-2030)
- 18.5. Market Revenue, by End User (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Revenue, by Aircraft Type (2017-2030)
- 19.3. Market Revenue, by Range (2017-2030)
- 19.4. Market Revenue, by Operation Type (2017-2030)
- 19.5. Market Revenue, by End User (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Revenue, by Aircraft Type (2017-2030)
- 20.3. Market Revenue, by Range (2017-2030)
- 20.4. Market Revenue, by Operation Type (2017-2030)
- 20.5. Market Revenue, by End User (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Revenue, by Aircraft Type (2017-2030)
- 21.3. Market Revenue, by Range (2017-2030)
- 21.4. Market Revenue, by Operation Type (2017-2030)
- 21.5. Market Revenue, by End User (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Revenue, by Aircraft Type (2017-2030)
- 22.3. Market Revenue, by Range (2017-2030)
- 22.4. Market Revenue, by Operation Type (2017-2030)
- 22.5. Market Revenue, by End User (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Revenue, by Aircraft Type (2017-2030)
- 23.3. Market Revenue, by Range (2017-2030)
- 23.4. Market Revenue, by Operation Type (2017-2030)
- 23.5. Market Revenue, by End User (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Revenue, by Aircraft Type (2017-2030)
- 24.3. Market Revenue, by Range (2017-2030)
- 24.4. Market Revenue, by Operation Type (2017-2030)
- 24.5. Market Revenue, by End User (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Revenue, by Aircraft Type (2017-2030)
- 25.3. Market Revenue, by Range (2017-2030)
- 25.4. Market Revenue, by Operation Type (2017-2030)
- 25.5. Market Revenue, by End User (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Revenue, by Aircraft Type (2017-2030)
- 26.3. Market Revenue, by Range (2017-2030)
- 26.4. Market Revenue, by Operation Type (2017-2030)
- 26.5. Market Revenue, by End User (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Revenue, by Aircraft Type (2017-2030)
- 27.3. Market Revenue, by Range (2017-2030)
- 27.4. Market Revenue, by Operation Type (2017-2030)
- 27.5. Market Revenue, by End User (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Revenue, by Aircraft Type (2017-2030)
- 28.3. Market Revenue, by Range (2017-2030)
- 28.4. Market Revenue, by Operation Type (2017-2030)
- 28.5. Market Revenue, by End User (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Joby Aero Inc.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Airbus SE
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Eve Holding Inc.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Wingcopter GmbH
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Guangzhou EHang Intelligent Technology Co. Ltd.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. Uber Technologies Inc.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Volocopter GmbH
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Lilium GmbH
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Textron eAviation
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Airspace Experience Technologies Inc.
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. The Boeing Company
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
