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Global Urban Air Mobility market Size, Share & Trends Analysis Report, By Vehicle Type (Air Taxi, Air Metro, Air Ambulance, Last-Mile Delivery, and Other), By Range (Intercity, and Intracity), By Operation (Piloted, Autonomous, and Hybrid), By Region (North America, Europe, APAC, and Others), and Segment Forecasts, 2024-2032
  • Published Date: Jan, 2024
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  • Pages: 200
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  • Table of Contents
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  • Methodology
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Global Urban Air Mobility Market was valued at US $ 3.8 billion in 2023 and is expected to reach US $ 28.5 billion by 2032 growing at a CAGR of 33.5% during the forecast period 2024 – 2032

There is an unprecedented and awe-inspiring global impact of the COVID-19 pandemic leading to a negative demand shock on urban air mobility in any city across every continent. As per our analysis, the global market is expected to register a decline of 18.31 % in 2020 as opposed to the average annual growth rate experienced from 2017-2019. This high growth rate is based on the increased demand for this market which may decline after the end of the pandemic’s

Urbanisation, traffic congestions are overstretching ground transportation system. Urban air mobility can be integrated with the third dimension to create an interconnecting, cleaner, faster and safer transport network. Autonomous aerial vehicles and flying cars no longer fall under science fiction as such projects and test progress worldwide. Despite the infancy stage of this industry, there was a significant investment of over one billion dollars just within the first couple of months in 2020. The most notable ones include among others, USD 590.0 million which Toyota invested in Joby Aviation and USD 650.0 million which is Guangzhou EHang Intelligent Technology Co. Ltd’s IPO value. Furthermore, the FAA works with more than 15 suppliers of eVTOL-aircraft. For example, Uber air, Guangzhou Ehang intelligent technology company limited, Volocopter gmbh; joby aviation, and Lilium gmbH, plan to begin commercial passenger operations shortly within the next 3-5 years.

With time more and more cities are facing traffic congestion problems especially the big ones, and this is driving the demand for faster intercity transport solutions globally. As several aerospace companies and startups perceive this segment as a growing one, the spending for R&D in this area would most probably rise. As a result, these elements are likely to boost the market growth over the forecast period.

The Urban Air Mobility Market Trend Analysis

As the annual increase in the quantity of passenger vehicles on the road continues, concerns regarding traffic congestion intensify.

  • According to the American Bar Association, in 2013 the United State, Germany, France, and the United Kingdom spend USD 200 billion on operations against traffic congestion. By 2030, this amount could reach $293 billion if the current trend continues.

Due to the increased volume of individuals commuting between their residences and places of employment, particularly during periods of high demand, traffic congestion ensued.Most countries have insufficient roads to handle increased traffic during peak hours without causing queues. It is a problem to both government and people who lose their productivities and time as well. Excessive amounts of road going cars that rely on fossil fuel as well, are another severe source of ecological disruption. Governments and tech companies are now considering UAMs (urban air mobility) as an alternative for both passengers and cargo, which will improve urban road mobility and mitigate traffic congestion. This system is safe and reliable, thus saving time because it carries people over populated places through air taxis.

  • American Airlines awarded a grant to Vertical Aerospace in June 2021 further reaffirming their environmental conscious stance. Headquartered in the UK, Vertical Aerospace Limited engages into the design and manufacturing of eVTOLs.

By using UAM or air transport system which is safe, there would be a significant saving of time. Air taxies carrying passengers move faster and easily do sudden manoeuvres. Moreover, many of UAM’s air taxis run on fuel cells or electricity. As such, these plants aid in the decrease on air pollution.

Segmentation Analysis of the Urban Air Mobility market

By Vehicle Type Analysis

Some of the elements under which the market is divided are air taxis, air metro, air ambulance, and last-mile delivery among others.

In early 2020, the air ambulance sector was expected to record the highest market demand due to a rising need of emergency medical services provision. As a result, the need to use air ambulances to move healthcare workers to remote areas has risen with simultaneous pandemics.

Air transportation, in particular, is expected to grow at an enormous speed within this period. This growth can be attributed to advanced technologies such as prototype development. Convergence of technologies like self-driving cars, high efficient energy resources, and advanced machinery will promote tremendous growth for the segment during the forecast period. The air taxis industry will also benefit from additional assistance from private transport, mainly in cities, within the forthcoming decades. For instance, Guangzhou, China has held demonstration flights since 2018 will be used to carry spectators during Paris, France’s 2024 Olympic games and soon they will start for Dallas, Texas.

By Range Analysis

The market has therefore been divided based on distances either as intercity or intracity.

The expected rapid growth, however, within the inter-city segment with regard to the global market is expected to take place from the technological advances that have transformed urban air mobility as an option. Further, these machines are equipped with latest techs that provide for operations involving up to 250 km long travels, carrying two to four people and baggage not exceeding twenty to forty kilograms. In addition, these intercity aircraft reduce the time taken for periods of travel between two cities by half. These aircraft alone provide high-speed transport, without requiring large amounts of infrastructure. It is expected that this would lead to unprecedented levels of demand for intercity aircraft, potentially leading to even faster growth within the segment during the forecast period.

The intracity segment had a substantial lead in the market in 2020. This phenomenon leads to an increase in size of this segment in the context of increasing number of people moving to urban areas all over the world, such as in New York, Munich, Rio de Janeiro, Bengaluru and so on, where traffic jams are getting worse each year in the However, UAMs have started to be adopted globally in urban areas soon after.

By Operation Analysis

There are three market segments, operating which are pilots, hybrids and autonomous.

In the global market, it will most probably grow especially its autonomous segment that can generate much money. This growth will be driven by reduced occurrence of human error in aircraft operations as a result of incremented automation, new AI technologies, significant cost reductions throughout the commercial aviation industry. Apart of these, other big names in the aviation industry like Aurora Flight Sciences manufacturing next-generation aircraft are also on their toes.

The first flight of a fully autonomous electric VTOL passenger air vehicle was tested by US-based Aurora Flight Sciences in January 2019, at Atlantic City airport, New Jersey. The company also aimed at developing and producing better eVTOL aircraft by using this development prototype technology.

In the global market, the largest urban air mobility market share segment is piloted by this part. The expansion emanates from increased deployment of sophisticated eVTOL aircraft used in modern commercial as well as military airliners at the moment.

Regional Analysis of the Urban Air Mobility market 

In 2020, North America had the biggest share with a total market size of 1.19 billion USD in this regard. This is one area that is leading other locations. It is also worth mentioning that the presence of the Boeing Company which has contributed towards creation of an environment that favors this industry’s growth because it is putting many prototypes under evaluation In North America, it is the United States that dominates with respect to adoption of these new forms of transport. A number of American start ups are pooling their resources together to locally pilot these technologies and systems. The next five to six years will see a roadmap on how the UAM gets in commercial use. Air taxi and airport shuttle services become popular due to an increasing number of city dwellers travelling by plane within the major North American metropolitan areas. Moreover, the provision of the services like last-mile and freight is highly probable to be widespread across the U.S. market that will boost its expansion in the region.

The fastest growth will be observed in Europe during the forecast period. Although changes have taken place globally, many of them have occurred only in Europe. Urban air mobility technology is receiving huge investments from the UK, Germany, and France. The existence of airbus s.as has also been useful in making a good environment where some other companies are spending time developing models for trials. One of these innovations involved Airbus researches on the possibility of employing the recent advancements in electric propulsion for powering UAMs since year 2014. This led to the formation of an entity christened Airbus Urban Mobility (AUM) in 2018 whose purpose is to fast track the incorporation of such technologies into the future UAM propositions of the company. As a part of the project named “Vertex” the company began airbus’ research into a new capability for its flight lab demmocasator in April 2021 and by mid-year 2023 it targets at complete autonomous flight.

Top Key Players

  • Textron Inc. (U.S.)
  • Uber Technologies Inc. (U.S.)
  • Airbus SE (Netherlands)
  • Ehang (China)
  • Safran SA (France)
  • Volocopter (Germany)
  • Lilium Aviation GmbH (Germany)
  • Carter Aviation (U.S.)
  • Aurora Flight Sciences (U.S.)

Key Industry Developments in the Urban Air Mobility market

  • In June 2021, American Airlines invested in Vertical Aerospace, an engineering/air transportation company that develops eVTOL aircraft as part of their sustainability program. It shows its willingness in deploying novel means of improving the customer pathway as well as green technologies aimed at decreasing emission release. NASA’s advanced air mobility project had its community planning and integration program awarded to ANRA Technologies in May 2021. This initiative will involve offering UAM services to companies engaged in the development of passenger drones as well as other advanced air mobility systems.
  • In March 2021, Eve Urbane Air Mobility Solutions, Inc., a collaboration between Embraer and Eve, declared their intention to integrate Beacon maintenance Coordinator system into Eve’s service and support portfolio. Eve uses Beacon’s multi-sided platform that connects and synchronizes aviation players, ancillary resources and industry resources for flexibility in maintenance of airline operations.

Report Components Details
Base Year 2023
Forecast Period 2024-2032
Quantitative Units Revenue in US $
Segments Covered By Vehicle Type: Air Taxis, Air Metros, Air Ambulance, Last-Mile Delivery, Others By Range: Intercity, Intracity By Operation: Piloted, Autonomous, Hybrid
Countries Covered U.S. and Canada in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the APAC, Others include Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA), Brazil, Argentina, Mexico, and Rest of South America as part of South America
Market Players Covered Textron Inc. (U.S.), Uber Technologies Inc. (U.S.), Airbus SE (Netherlands), Ehang (China), Safran SA (France), Volocopter (Germany), Lilium Aviation GmbH (Germany), Carter Aviation (U.S.), AIRSPACEX (U.S.), Aurora Flight Sciences (U.S.)

Table of Contents

1 INTRODUCTION OF GLOBAL Urban Air Mobility market

1.1 Overview of the Market

1.2 Scope of Report

1.3 Assumptions




3.1 Data Mining

3.2 Validation

3.3 Primary Interviews

3.4 List of Data Sources


4 GLOBAL Urban Air Mobility market OUTLOOK

4.1 Overview

4.2 Market Dynamics

4.2.1 Drivers

4.2.2 Restraints

4.2.3 Opportunities

4.3 Porters Five Force Model

4.3.1. Bargaining Power of Suppliers

4.3.2. Threat of New Entrants

4.3.3. Threat of Substitutes

4.3.4. Competitive Rivalry

4.3.5. Bargaining Power among Buyers

4.4 Value Chain Analysis

5 GLOBAL Urban Air Mobility market, BY Vehicle Type

5.1 Overview

5.2 Air Taxis

5.3 Air Metros

5.4 Air Ambulance

5.5Last-Mile Delivery

5.6 Others

6 GLOBAL Urban Air Mobility market, BY Range

6.1 Overview

6.2 Intercity

6.3 Intracity

7 GLOBAL Urban Air Mobility market, BY Operation

7.1 Overview

7.2 Piloted

7.3 Autonomous

7.4 Hybrid

8 GLOBAL Urban Air Mobility market, By REGION

8.1 North America

8.1.1 U.S.

8.1.2 Canada

8.2 Europe

8.2.1 Germany

8.2.3 U.K.

8.2.4 France

8.2.5 Rest of Europe

8.3 Asia Pacific

8.3.1 China

8.3.2 Japan

8.3.3 India

8.3.4 South Korea

8.3.5 Singapore

8.3.6 Malaysia

8.3.7 Australia

8.3.8 Thailand

8.3.9 Indonesia

8.3.10 Philippines

8.3.11 Rest of Asia Pacific

8.4 Others

8.4.1 Saudi Arabia

8.4.2 U.A.E.

8.4.3 South Africa

8.4.4 Egypt

8.4.5 Israel

8.4.6 Rest of Middle East and Africa (MEA)

8.4.7 Brazil

8.4.8 Argentina

8.4.9 Mexico

8.4.10 Rest of South America


9.1 Textron Inc. (U.S.)

9.1.1. Company Overview

9.1.2. Key Executives

9.1.3. Operating Business Segments

9.1.4. Product Portfolio

9.1.5. Financial Performance (As per availability)

9.1.6 Key News

9.2 Uber Technologies Inc. (U.S.)

9.2.1. Company Overview

9.2.2. Key Executives

9.2.3. Operating Business Segments

9.2.4. Product Portfolio

9.2.5. Financial Performance (As per availability)

9.2.6 Key News

9.3 Airbus SE (Netherlands)

9.3.1. Company Overview

9.3.2. Key Executives

9.3.3. Operating Business Segments

9.3.4. Product Portfolio

9.3.5. Financial Performance (As per availability)

9.3.6 Key News

9.4 Ehang (China)

9.4.1. Company Overview

9.4.2. Key Executives

9.4.3. Operating Business Segments

9.4.4. Product Portfolio

9.4.5. Financial Performance (As per availability)

9.4.6 Key News

9.5 Safran SA (France)

9.5.1. Company Overview

9.5.2. Key Executives

9.5 3. Operating Business Segments

9.5.4. Product Portfolio

9.5.5. Financial Performance (As per availability)

9.5.6 Key News

9.6 Volocopter (Germany)

9.61. Company Overview

9.6.2. Key Executives

9.6.3. Operating Business Segments

9.6.4. Product Portfolio

9.6.5. Financial Performance (As per availability)

9.6.6 Key News

9.7 Lilium Aviation GmbH (Germany)

9.7.1. Company Overview

9.7.2. Key Executives

9.7.3. Operating Business Segments

9.7.4. Product Portfolio

9.7.5. Financial Performance (As per availability)

9.7.6 Key News

9.8 Carter Aviation (U.S.)

9.8.1. Company Overview

9.8.2. Key Executives

9.8.3. Operating Business Segments

9.8.4. Product Portfolio

9.8.5. Financial Performance (As per availability)

9.8.6 Key News


9.9.1. Company Overview

9.9.2. Key Executives

9.9.3. Operating Business Segments

9.9.4. Product Portfolio

9.9.5. Financial Performance (As per availability)

9.9.6 Key News

9.10 Aurora Flight Sciences (U.S.)

9.10.1. Company Overview

9.10.2. Key Executives

9.10.3. Operating Business Segments

9.10.4. Product Portfolio

9.10.5. Financial Performance (As per availability)

9.10.6 Key News

Global Urban Air Mobility Market Segmentation

Urban Air Mobility by Vehicle Type: Market Size & Forecast 2024-2032

  • Air Taxis
  • Air Metros
  • Air Ambulance
  • Last-Mile Delivery
  • Others

Urban Air Mobility by Range: Market Size & Forecast 2024-2032

  • Intercity
  • Intracity

Urban Air Mobility by Operation: Market Size & Forecast 2024-2032

  • Piloted
  • Autonomous
  • Hybrid

Urban Air Mobility by Geography: Market Size & Forecast 2024-2032

  • North America (USA, Canada, Mexico)
  • Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
  • Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
  • South America (Brazil, Argentina, Columbia, Rest of South America)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Major Players:

  • Textron Inc. (U.S.)
  • Uber Technologies Inc. (U.S.)
  • Airbus SE (Netherlands)
  • Ehang (China)
  • Safran SA (France)
  • Volocopter (Germany)
  • Lilium Aviation GmbH (Germany)
  • Carter Aviation (U.S.)
  • Aurora Flight Sciences (U.S.)

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