Urban Air Mobility Market Size, Share, Trends, Growth 2032

Urban Air Mobility Industry Prospective:

According to the report published by Zion Market Research, the global Urban Air Mobility Market size was valued at USD 3.83 Billion in 2023 and is predicted to reach USD 46.02 Billion by the end of 2032. The market is expected to grow with a CAGR of 31.82% during the forecast period.

The report analyzes the global Urban Air Mobility Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Urban Air Mobility industry.

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Global Urban Air Mobility Market: Overview

Urban air mobility provides efficient and safe transportation facilities to people using piloted and autonomous aircraft for intercity and intracity-based commutation. It is widely used for multiple operations including transport of passengers, gathering of news, rescue process, medical evacuation, delivery of packages, ground traffic assessment, and weather monitoring.

Global Urban Air Mobility Market: Growth Factors

The growing traffic congestion on roads is one of the major factors driving the growth of the global urban air mobility market. The present road condition disturbs a large number of important operations in cities. Urban air mobility is a transportation concept that has potentially reconstructed societal mobility. The advancements in aviation technologies are likely to create many potential opportunities including efficient and convenient on-demand transportation. The growing research and development activities in the field of urban air mobility with many aerospace and startup players will expand the scope of UAB globally.

Many new entrants are planning to discover the untapped potential of the market by vigorously undergoing research activities. The ongoing developments to launch highly accessible, fast, and affordable air vehicles are likely to lower the ground based traffic by off-loading current roadways transportation infrastructure.

The advancements and developments in urban air mobility highly rely on different technologies like disturbing the electric propulsion along with several new business models including the application-based ride sharing. Governments all across the globe are taking several initiatives to support the development of urban air mobility in order to reduce traffic congestion. Also, the demand for green solutions in order to prevent the environment will further accentuate the growth of the global urban air mobility market.

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Global Urban Air Mobility Market: Segmentation

The global urban air mobility market can be segmented into unmanned platform system, end-user, platform architecture, platform operation, range, component, and region.

By unmanned platform system, the market can be segmented into software, cabin interiors, propulsion system, electric system, avionics, aerostructures, and others.

By end-user, the market can be segmented into private operators, hospital & medical agencies, e-commerce companies, scheduled operators, and ride-sharing companies.

By platform architecture, the market can be segmented into fixed-wing hybrid and rotary wing. The fixed-wing hybrid segment holds the largest share in the global urban air mobility market due to its higher stability and compatibility when compared to the traditional rotary-wing eVTOL.

By platform operation, the market can be segmented into autonomous and piloted operations.

By range, the market can be segmented into intercity and intracity. The intercity segment holds hegemony over others due to the wide utilization of such platforms for inter-city travel.

By component, the market can be segmented into platform and infrastructure. The infrastructure segment accounts for the largest share in the global urban air mobility market due to the growing deployment of such aircrafts for intra-city commutation. The infrastructure segment can further be bifurcated into maintenance facilities, air traffic management facilities, vertiports, charging stations, and others. The platform segment can further be prosecuted into last-mile delivery vehicles, ambulance & medical emergency vehicles, cargo air vehicles, personal air vehicles, air shuttles & air metro, and air taxes.

Urban Air Mobility Market: Report Scope

Global Urban Air Mobility Market: Regional analysis

Europe accounts for the largest share in the global urban air mobility market due to the growing investments from the leaders for the development and procurement of advanced vehicles for commercial operations. The growing trend of globalization and automation in the region will further promulgate the growth of the regional market in the forthcoming years.

North America is likely to witness significant growth in the forthcoming years due to the growing innovations and developments in the field of urban air mobility in the region. Also, the high adoption of such air vehicles for several purposes in the region will further fuel the growth of the regional market.

Urban Air Mobility Market: Competitive Analysis

The global urban air mobility market is led by players like:

• Terrafugia
• Workhorse
• Joby Aviation
• Volocopter
• Vimana
• Passenger Drone
• Lilium Aviation
• Carter Aviation
• Bartini
• Aurora Flight Sciences
• CityAirbus
• Airbus A3
• AIRSPACEX

The global urban air mobility market is segmented as follows:

By Unmanned Platform System

• Software
• Cabin Interiors
• Propulsion System
• Electric System
• Avionics
• Aerostructures
• Others

By End-User

• Private Operators
• Hospital & Medical Agencies
• E-commerce Companies
• Scheduled Operators
• Ride-Sharing Companies

By Platform Architecture

• Fixed-Wing Hybrid
• Rotary Wing

By Platform Operation

• Autonomous
• Piloted Operations

By Range

• Intercity
• Intracity

By Component

• Platform
• Infrastructure

Global Urban Air Mobility Market: Regional Segment Analysis

• 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

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.