Urban Air Mobility (UAM) Infrastructure Market Size, Share, Trends, Growth and Forecast 2032

Urban Air Mobility (UAM) Infrastructure Industry Prospective:

The global urban air mobility (UAM) infrastructure market size was worth around USD 4.56 billion in 2023 and is predicted to grow to around USD 27.35 billion by 2032 with a compound annual growth rate (CAGR) of roughly 22.02% between 2024 and 2032.

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Urban Air Mobility (UAM) Infrastructure Market: Overview

Urban air mobility, often referred to as advanced air mobility, is a relatively new concept that aims to provide an affordable, sustainable, safe, and accessible air transportation system for people and freight movement, emergency response, and urban area mobility. As part of a broader ecosystem for on-demand mobility, UAM users can dispatch or utilize other cutting-edge and emerging transportation technologies, such as public transportation, shared automated vehicles, courier services, urban aviation services, and shared mobility, to access mobility and goods delivery services on demand. Additionally, this could ease the strain on several infrastructures that are constantly overworked, such as those seen in cities with quickly expanding populations. Urban Air Mobility initiatives have already been tested for a while in cities including Los Angeles, Dallas, Singapore, and Dubai.

Key Insights

• As per the analysis shared by our research analyst, the global Urban Air Mobility (UAM) Infrastructure market is estimated to grow annually at a CAGR of around 22.02% over the forecast period (2024-2032).
• In terms of revenue, the global Urban Air Mobility (UAM) Infrastructure market size was valued at around USD 4.56 billion in 2023 and is projected to reach USD 27.35 billion, by 2032.
• The growing investment is expected to drive market growth over the forecast period.
• Based on the configuration, the public operations segment is expected to capture the largest market share over the forecast period.
• Based on region, the Asia Pacific is expected to dominate the market during the forecast period.

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Urban Air Mobility (UAM) Infrastructure Market: Growth Drivers

The growing military application of eVTOL aircraft drives market growth

The market is growing primarily due to the growing military use of eVTOL aircraft. Urban air mobility seeks to address traffic and environmental issues in contemporary cities and is seen as an emerging solution for sustainable and reasonably priced travel. With more than 120 startups and aerospace companies investing in electric vertical takeoff and landing (eVTOL) aircraft, the industry is developing rapidly as more and more people realize the potential of these vehicles for urban air mobility. The benefits of electric vertical takeoff and landing (eVTOL) aircraft are not limited to civilian use; they are also applicable in military settings. The use of eVTOL technology in military defense shows promise in light of current global geopolitical conditions, such as the conflict in Ukraine and fuel shortages. The potential of electric vertical takeoff and landing (eVTOL) aircraft is further enhanced by ongoing developments in battery technology, which is changing the defensive capabilities environment. Therefore, during the forecast period, the aforementioned factors will support the growth and trends of the global UAM infrastructure market.

Urban Air Mobility (UAM) Infrastructure Market: Restraints

Infrastructure cost and technological limitations hinder market growth

It can be costly to build and operate UAM infrastructure, such as charging infrastructure, vertiports, and air traffic control systems. Certain stakeholders may be discouraged from entering the market by the initial outlay needed to build a strong UAM ecosystem, particularly in areas with limited financial resources. Furthermore, even though UAM vehicle technology has advanced significantly, problems still exist in areas like battery energy density, aircraft performance, and autonomous flight capabilities. To guarantee the dependability, effectiveness, and expandability of UAM infrastructure, it will be necessary to continue conducting research and development to get over these technological obstacles.

Urban Air Mobility (UAM) Infrastructure Market: Opportunities

Rapid urbanization offers a lucrative opportunity for market growth

The need for effective city transportation solutions is growing as a result of the global population's rising urbanization. UAM infrastructure offers an extra means of transportation that can effectively link urban areas with the surrounding suburbs and regions, which can relieve demand on the current transportation networks. For instance, By 2050, there will be 814 million people living in cities in India, up from 410 million in 2014. Four more megacities are expected to be added to India by 2030. As per the official United Nations predictions, cities are predicted to house 6.3 billion people by 2050 due to their rapid growth. Thus, the aforementioned stats are expected to propel the market growth during the forecast period.

Urban Air Mobility (UAM) Infrastructure Market: Challenges

Regulatory challenge poses a major challenge to market expansion

Significant regulatory obstacles regarding noise pollution, airspace control, safety requirements, and urban integration face UAM operations. It can take a lot of time and effort to create thorough regulatory frameworks that handle these issues and guarantee community acceptance and public safety.

Urban Air Mobility (UAM) Infrastructure Market: Segmentation

The global urban air mobility (UAM) infrastructure industry is segmented based on operation, configuration, ecosystem, end user and region.

Based on the operation, the global Urban Air Mobility (UAM) Infrastructure market is bifurcated into cargo gate-to-gate, passenger gate-to-gate, hybrid passenger and cargo gate-to-gate and off-nominal operations.

Based on the configuration, the global Urban Air Mobility (UAM) Infrastructure industry is segmented into public operations, private operations, single fleet operators, piloted operations, multiple fleet operators, autonomous operations and multiplex. The public operations segment is expected to capture the largest market share over the forecast period due to UAM operations becoming commercialized. The UAM infrastructure market is expected to rise as a result of increasing UAM innovations and the commercialization of UAM operations for passenger and cargo transit in the upcoming years. The UAM market's vertiports' public operations segment, which focuses on the public-facing operations and services provided at these specialized facilities, is a crucial component of the changing transportation scene. High passenger volumes should be accommodated in public vertiport design to provide smooth ticketing, security screening, and passenger flow. A crucial component of public vertiports is its flawless intermodal connectivity and integration with the current public transit networks. Since public vertiports are expensive and collaborative usage will lower the net expenses incurred for the infrastructure, public vertiports will be constructed once the segment commercializes the number of activities. In the near future, this may also make it possible for services to collaborate across borders.

Based on the ecosystem, the global Urban Air Mobility (UAM) Infrastructure market is segmented into digital infrastructure and physical infrastructure.

Based on the end user, the global Urban Air Mobility (UAM) Infrastructure industry is segmented into healthcare, airport shuttle service, last-mile delivery and tourism.

Urban Air Mobility (UAM) Infrastructure Market Report Scope

The Asia Pacific is expected to dominate the market during the forecast period

The Asia Pacific is expected to dominate the market over the forecast period. Because there are so many local businesses in the UAM industry, a number of the region's cities are anticipated to be early adopters of the technology. Governments from several nations, including China, Japan, and South Korea, have made significant investments in the region's UAM ecosystem development in the upcoming years. For instance, the Next Generation Aircraft Mobility Planning Office was established in June 2021 by the Ministry of Land, Infrastructure, Transport, and Tourism in Japan. This office will handle matters about aircraft mobility rules and challenges. By 2023, the Japanese government wants to allow the use of flying automobiles, passenger drones, and other advanced aviation vehicles (AAVs). In addition, the government intends to introduce more extensive air mobility services during the 2025 Osaka-Kansai Japan World Expo. Government intentions to implement UAM transportation are helping enterprises that are investing in the technology. Thus, this is expected to drive the market growth in the region.

Urban Air Mobility (UAM) Infrastructure Market: Competitive Analysis

The global Urban Air Mobility (UAM) Infrastructure market is dominated by players like:

• Bluenest
• Altaport Inc.
• BETA Technologies
• ANRA Technologies
• Embention
• Ferrovial
• FEV Group
• Groupe ADP
• Kookiejar
• ResilienX
• Skyports Limited
• Skyscape Corporation
• Skyway
• Urban-Air Port Ltd
• UrbanV S.p.A
• Volatus Infrastructure LLC

The global Urban Air Mobility (UAM) Infrastructure market is segmented as follows:

By Operation

• Cargo Gate-to-Gate
• Passenger Gate-to-Gate
• Hybrid Passenger and Cargo Gate-to-Gate
• Off-Nominal Operations

By Configuration

• Public Operations
• Private Operations
• Single Fleet Operators
• Piloted Operations
• Multiple Fleet Operators
• Autonomous Operations
• Vertiplex

By Ecosystem

• Digital Infrastructure
• Physical Infrastructure

By End User

• Healthcare
• Airport Shuttle Service
• Last Mile Delivery
• Tourism

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa