Global Urban Air Mobility Market Size By Aircraft Type, By Operation Mode, By Application, By Geographic Scope And Forecast

Urban Air Mobility Market Size And Forecast

Urban Air Mobility Market size was valued at USD 4.8 Billion in 2023 and is projected to reach USD 29.5 Billion by 2030, growing at a CAGR of 34.5% during the forecast period 2024-2030.

Global Urban Air Mobility Market Drivers

The market drivers for the Urban Air Mobility Market can be influenced by various factors. These may include

• Urbanization The world’s urban population is expanding quickly, which is causing traffic jams and other infrastructure problems. UAM provides effective point-to-point transit inside cities, which is a possible alternative.
• Traffic Congestion As cities get more congested, more alternate forms of transportation are required. UAM can provide quicker and more effective transit solutions by avoiding ground-level traffic.
• Environmental Concerns There is a drive for environmentally friendly transportation options as environmental challenges become more widely known. When compared to conventional ground-based transportation, electric vertical takeoff and landing (eVTOL) aircraft employed in UAM have the potential to lower greenhouse gas emissions.
• Technological Developments UAM is becoming more practical and affordable thanks to developments in electric propulsion, battery technology, autonomous flight systems, and lightweight materials.
• Regulatory Support As governments and regulatory agencies become more aware of UAM’s potential, they are putting frameworks in place to help with its use. This covers rules pertaining to infrastructure development, airspace control, and safety.
• The desire for MaaS, or mobility as a service People’s access to transportation services is evolving due to the emergence of Mobility as a Service platform. As a component of a seamless mobility solution, UAM might link with these platforms and offer on-demand air transportation.
• Business OpportunitiesThe potential market for UAM services is attracting a lot of interest from both major aerospace corporations and startups. Investments in UAM technology research, development, and commercialization are being driven by this interest.

Global Urban Air Mobility Market Restraints

Several factors can act as restraints or challenges for the Urban Air Mobility Market. These may include

• Urbanization The world’s urban population is expanding quickly, which is causing traffic jams and other infrastructure problems. UAM provides effective point-to-point transit inside cities, which is a possible alternative.
• Traffic Congestion As cities get more congested, more alternate forms of transportation are required. UAM can provide quicker and more effective transit solutions by avoiding ground-level traffic.
• Environmental Concerns There is a drive for environmentally friendly transportation options as environmental challenges become more widely known. When compared to conventional ground-based transportation, electric vertical takeoff and landing (eVTOL) aircraft employed in UAM have the potential to lower greenhouse gas emissions.
• Technological Developments UAM is becoming more practical and affordable thanks to developments in electric propulsion, battery technology, autonomous flight systems, and lightweight materials.
• Regulatory Support As governments and regulatory agencies become more aware of UAM’s potential, they are putting frameworks in place to help with its use. This covers rules pertaining to infrastructure development, airspace control, and safety.
• The desire for MaaS, or mobility as a service People’s access to transportation services is evolving due to the emergence of Mobility as a Service platform. As a component of a seamless mobility solution, UAM might link with these platforms and offer on-demand air transportation.
• Business Opportunities The potential market for UAM services is attracting a lot of interest from both major aerospace corporations and startups. Investments in UAM technology research, development, and commercialization are being driven by this interest.

Global Urban Air Mobility Market Segmentation Analysis

The Global Urban Air Mobility Market is Segmented on the basis of Aircraft Type, Operation Mode, Application, and Geography.

Urban Air Mobility Market, By Aircraft Type

• Electric Vertical Takeoff and Landing (eVTOL) Aircraft These are electrically powered aircraft capable of vertical takeoff and landing, designed for urban air transportation. Subsegments may include fixed-wing eVTOLs, multirotor eVTOLs, and tiltrotor eVTOLs.
• Electric Fixed-Wing Aircraft These are fixed-wing, electric-powered aircraft meant for short-haul city flying. They could be able to do short takeoff and landing (STOL) or conventional takeoff and landing.

Urban Air Mobility Market, By Operation Mode

• Piloted Pilots with a license are in charge of controlling and navigating UAM aircraft.
• Autonomous UAM aircraft with the ability to fly themselves without direct human assistance. Fully autonomous and remotely piloted aircraft may be included in subsegments.

Urban Air Mobility Market, By Application

• Air Taxi Services Passenger-only on-demand urban air transportation services, usually providing point-to-point city flights.
• Cargo Delivery UAM for packages and cargo transportation inside cities, including last-mile delivery services for logistics and e-commerce businesses.
• Emergency Medical Services UAM provides quick transportation to medical facilities and is utilized for medical evacuation, organ transportation, and emergency response.

Urban Air Mobility Market, By Geography

• North America This region include large cities like New York, Los Angeles, and Toronto and is home to the UAM services and infrastructure market for both the United States and Canada.
• Europe With cities like London, Paris, and Berlin, European nations such as the United Kingdom, Germany, and France comprise the market for UAM services and infrastructure.
• Asia-Pacific This region, which includes China, Japan, and Singapore, has a market for UAM services and infrastructure. Cities in the region include Beijing, Tokyo, and Singapore.

Key Players

The major players in the Urban Air Mobility Market are

• Airbus
• Boeing
• Bell Textron
• Joby Aviation
• Volocopter
• Lilium
• EmbraerX
• Kitty Hawk
• EHang
• Hyundai Motor Group

Report Scope

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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