PUBLISHER: The Business Research Company | PRODUCT CODE: 1678592
PUBLISHER: The Business Research Company | PRODUCT CODE: 1678592
Urban Air Mobility Global Market Report 2025
Urban Air Mobility involves highly automated small aircraft transporting passengers or cargo at lower suburban or urban altitudes, tackling traffic congestion using technologies such as helicopters, VTOL, eVTOL, and UAVs.
Urban air mobility primarily encompasses piloted and autonomous systems. Piloted refers to unmanned aircraft controlled remotely from a pilot station, operating within intercity and intracity ranges. Urban air mobility finds applications across diverse industries including ride-sharing firms, scheduled operators, e-commerce entities, hospitals, medical agencies, and private operators.
The urban air mobility market research report is one of a series of new reports from The Business Research Company that provides urban air mobility market statistics, including urban air mobility industry global market size, regional shares, competitors with market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the urban air mobility industry. This urban air mobility market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The urban air mobility market size has grown exponentially in recent years. It will grow from $4.31 billion in 2024 to $5.18 billion in 2025 at a compound annual growth rate (CAGR) of 20.3%. The growth in the historic period can be attributed to urban development and smart city initiatives, infrastructure modernization, demand for time-saving transportation, advancements in electric propulsion systems, rise of ride-sharing and mobility services.
The urban air mobility market size is expected to see rapid growth in the next few years. It will grow to $10.37 billion in 2029 at a compound annual growth rate (CAGR) of 18.9%. The growth in the forecast period can be attributed to data-driven operations and safety measures, investment and funding opportunities, public acceptance and perception, demand for aerial ride-sharing services, infrastructure development for vertiports. Major trends in the forecast period include popularity of e-VTOLs, air traffic management solutions, focus on noise reduction, integration of AI and automation, urban infrastructure adaptations, user experience and accessibility.
The increasing investment in the urban air mobility market is anticipated to drive demand in the sector. There is significant R&D investment in the urban air mobility industry, with many aerospace companies recognizing its high growth potential. For example, a report from the Department for Business, Energy & Industrial Strategy (BEIS), a UK government agency, published in July 2022, projected that by 2030, under a 'best-case' adoption scenario, drones could contribute approximately $56 billion to the UK economy, with over 900,000 drones operating in UK airspace. Additionally, potential net cost savings of around $28 billion could be realized, along with a reduction in carbon emissions by 2.4 million tons. Thus, the rising investment in urban air mobility is expected to significantly boost market demand.
The burgeoning urban population is anticipated to propel the urban air mobility market. Urban areas, hosting higher population densities, advanced infrastructure, and economic complexity, benefit from aerial transportation solutions to enhance efficiency and alleviate congestion. Data from the Central Intelligence Agency-The World Fact Book indicated that the urban population in the US constitutes around 83.3%, with an annual urbanization rate of 0.96% from 2020 to 2025. Similarly, in the UK, 84.6% of the population resides in urban areas, expecting an annual urbanization rate of 0.8% from 2020 to 2025. Hence, the growing urban population drives the urban air mobility market's growth.
Major players in the urban air mobility market are focusing on innovative products such as the Vertiport Management System (VMS). ANRA Technologies launched the VMS in November 2023, filling a crucial technology gap in managing vertical takeoff and landing air mobility aircraft at vertiports. This online platform, adaptable to various vertiport layouts and aircraft, facilitates efficient UAM operations, ensuring secure aircraft arrival and departure through intelligent data exchange.
Major companies in the urban air mobility market are actively pursuing partnerships to enhance profitability and contribute to the sector's growth. In November 2023, Eve Air Mobility collaborated with Flexjet to explore the potential of Urban Air Mobility through groundbreaking software simulation. This strategic partnership aims to test and enhance Eve's Urban ATM software, crucial for future Urban Air Mobility services. The collaboration involved an initial software simulation at Flexjet's Tactical Control Centre, tracking real-time helicopter flights conducted by Flexjet's UK helicopter division. User testing and feedback gathered during the simulation will contribute to refining the software for upcoming UAM operations, ensuring alignment with the requirements of future air mobility endeavors.
In November 2023, Eve Air Mobility, a Brazil-based company focused on developing electric vertical take-off and landing (eVTOL) aircraft and urban air mobility (UAM) infrastructure, partnered with Flexjet. This collaboration involved testing Eve's Urban Air Traffic Management (Urban ATM) solution, which is designed to manage eVTOL operations in low-level airspace. The simulation occurred over four days at Flexjet's Tactical Control Centre in Farnborough, UK, where Eve's software monitored live helicopter flights from Flexjet's fleet. Flexjet, a US-based leader in fractional ownership aircraft, leasing, and jet card services, specializes in private aviation.
Major companies operating in the urban air mobility market include Hyundai Motor Co, The Boeing Company, Lockheed Martin Corporation, Airbus SE, Honeywell International Inc., Safran SA, Textron Inc., Embraer SA, Bell Textron Inc., Volocopter GmbH, Wisk Aero LLC, Joby Aero Inc., Terra Drone Corp, Airspace Experience Technologies Inc., Jetson Electric Bikes LLC., Fortem Technologies Inc., Karem Aircraft Inc., Urban Aeronautics Ltd., SkyDrive Inc., Lilium GmbH, EHang Holdings Limited, Jaunt Air Mobility LLC, hopFlyt Inc., Archer Aviation Inc., Opener Inc., ElectraFly LLC.
North America was the largest region in the urban air mobility market in 2024. Europe is expected to be the fastest growing region in the forecast period. The regions covered in the urban air mobility market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the urban air mobility market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The urban air mobility market includes revenues earned by entities by by enhancing the effectiveness of transportation in urban and cross areas while minimising its negative effects on the environment. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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Scope
Table of Contents
1. Executive Summary
2. Urban Air Mobility Market Characteristics
3. Urban Air Mobility Market Trends And Strategies
4. Urban Air Mobility Market - Macro Economic Scenario Macro Economic Scenario Including The Impact Of Interest Rates, Inflation, Geopolitics And Covid And Recovery On The Market
5. Global Urban Air Mobility Growth Analysis And Strategic Analysis Framework
- 5.1. Global Urban Air Mobility PESTEL Analysis (Political, Social, Technological, Environmental and Legal Factors, Drivers and Restraints)
- 5.2. Analysis Of End Use Industries
- 5.3. Global Urban Air Mobility Market Growth Rate Analysis
- 5.4. Global Urban Air Mobility Historic Market Size and Growth, 2019 - 2024, Value ($ Billion)
- 5.5. Global Urban Air Mobility Forecast Market Size and Growth, 2024 - 2029, 2034F, Value ($ Billion)
- 5.6. Global Urban Air Mobility Total Addressable Market (TAM)
6. Urban Air Mobility Market Segmentation
7. Urban Air Mobility Market Regional And Country Analysis
8. Asia-Pacific Urban Air Mobility Market
9. China Urban Air Mobility Market
10. India Urban Air Mobility Market
11. Japan Urban Air Mobility Market
12. Australia Urban Air Mobility Market
13. Indonesia Urban Air Mobility Market
14. South Korea Urban Air Mobility Market
15. Western Europe Urban Air Mobility Market
16. UK Urban Air Mobility Market
17. Germany Urban Air Mobility Market
18. France Urban Air Mobility Market
19. Italy Urban Air Mobility Market
20. Spain Urban Air Mobility Market
21. Eastern Europe Urban Air Mobility Market
22. Russia Urban Air Mobility Market
23. North America Urban Air Mobility Market
24. USA Urban Air Mobility Market
25. Canada Urban Air Mobility Market
26. South America Urban Air Mobility Market
27. Brazil Urban Air Mobility Market
28. Middle East Urban Air Mobility Market
29. Africa Urban Air Mobility Market
30. Urban Air Mobility Market Competitive Landscape And Company Profiles
31. Urban Air Mobility Market Other Major And Innovative Companies
32. Global Urban Air Mobility Market Competitive Benchmarking And Dashboard
33. Key Mergers And Acquisitions In The Urban Air Mobility Market
34. Recent Developments In The Urban Air Mobility Market
35. Urban Air Mobility Market High Potential Countries, Segments and Strategies
36. Appendix
