The urban air mobility market was USD 3,903.0 million in 2023, and it will increase to USD 29,717.9 million, powering at a 33.8% compound annual growth rate, by 2030.
The growth is because of the rising urban road traffic, resulting in the growing requirement for an alternative to road transportation, primarily for quick short- & medium-range travel.
The deteriorating conditions of road traffic in very populated cities are an important reason that will boost the growth of this industry.
The increasing road traffic in urban areas is causing long traffic jams, resulting in the wastage of valuable time. This is subsequently decelerating the economic development of different nations.
The rising road traffic bottleneck is also resulting in the rising occurrence of road accidents, particularly in developing nations like Indonesia, India, and China. Due to these reasons, the acceptance of autonomous aerial mobility solutions is rapidly rising around the globe, which will aid the industry expansion.
A key trend presently being observed in this industry is the increase in funding for startups operating in this area.
Major firms operating in the ground transportation area and those that provide cargo airplanes and conventional passenger services or produce vehicles are some of the key investors.
Market Insights
North America led the industry in 2023, with approximately 45% share. This can be attributed to the fact that individuals residing in main North American cities are progressively choosing airport shuttle and air taxi services owing to the increasing traffic congestion.
Europe will advance at the fastest compound annual growth rate, of 34.3%, during this decade. This is ascribed to the large investments from France and Germany, for the procurement of the electrical vertical take-off and landing (eVTOL) technology for commercial processes.
The passenger aircraft was the largest contributor to the industry in 2023, with approximately 75% share. This can be mainly attributed to the fact that the requirement for passenger aircraft will be more compared to that for cargo delivery services across the globe.
The intercity range is likely to advance at a faster compound annual growth rate, of 34.2%, during this decade. This can be ascribed to the longer flight range of the eVTOL airplane, because of the swift technological improvements in the battery, fuselage, and motor.
The intracity range accounted for the largest share of the industry. This is because the aircraft is presently being specifically developed for intracity travel, due to strict rules the field is subject to any restriction in the battery technology.
The autonomous operation type was the largest contributor to the industry in 2023, with approximately 80% revenue share. This is primarily because autonomous airplanes are more ideal for cargo and passenger services compared to piloted ones.
The urban air mobility industry is consolidated in nature, because of a few major companies accounting for a major share. As the industry is a future opportunity, key players are hoping to make a fortune are entering into joint ventures and partnerships, to give them the maximum possibility of success.
Table of Contents
Chapter 1. Research Scope
1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
1.4.1. Market size breakdown, by aircraft type
1.4.2. Market size breakdown, by range
1.4.3. Market size breakdown, by operation type
1.4.4. Market size breakdown, by end user
1.4.5. Market size breakdown, by region
1.4.6. Market size breakdown, by country
1.5. Market Data Reporting Unit
1.5.1. Value
1.6. Key Stakeholders
Chapter 2. Research Methodology
2.1. Secondary Research
2.1.1. Paid
2.1.2. Unpaid
2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
5.1. Market Dynamics
5.1.1. Trends
5.1.2. Drivers
5.1.3. Restraints/challenges
5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
5.3.1. Bargaining power of buyers
5.3.2. Bargaining power of suppliers
5.3.3. Threat of new entrants
5.3.4. Intensity of rivalry
5.3.5. Threat of substitutes
Chapter 6. Global Market
6.1. Overview
6.2. Market Revenue, by Aircraft Type (2017-2030)
6.3. Market Revenue, by Range (2017-2030)
6.4. Market Revenue, by Operation Type (2017-2030)
6.5. Market Revenue, by End User (2017-2030)
6.6. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
7.1. Overview
7.2. Market Revenue, by Aircraft Type (2017-2030)
7.3. Market Revenue, by Range (2017-2030)
7.4. Market Revenue, by Operation Type (2017-2030)
7.5. Market Revenue, by End User (2017-2030)
7.6. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
8.1. Overview
8.2. Market Revenue, by Aircraft Type (2017-2030)
8.3. Market Revenue, by Range (2017-2030)
8.4. Market Revenue, by Operation Type (2017-2030)
8.5. Market Revenue, by End User (2017-2030)
8.6. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
9.1. Overview
9.2. Market Revenue, by Aircraft Type (2017-2030)
9.3. Market Revenue, by Range (2017-2030)
9.4. Market Revenue, by Operation Type (2017-2030)
9.5. Market Revenue, by End User (2017-2030)
9.6. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
10.1. Overview
10.2. Market Revenue, by Aircraft Type (2017-2030)
10.3. Market Revenue, by Range (2017-2030)
10.4. Market Revenue, by Operation Type (2017-2030)
10.5. Market Revenue, by End User (2017-2030)
10.6. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
11.1. Overview
11.2. Market Revenue, by Aircraft Type (2017-2030)
11.3. Market Revenue, by Range (2017-2030)
11.4. Market Revenue, by Operation Type (2017-2030)
11.5. Market Revenue, by End User (2017-2030)
11.6. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
12.1. Overview
12.2. Market Revenue, by Aircraft Type (2017-2030)
12.3. Market Revenue, by Range (2017-2030)
12.4. Market Revenue, by Operation Type (2017-2030)
12.5. Market Revenue, by End User (2017-2030)
Chapter 13. Canada Market
13.1. Overview
13.2. Market Revenue, by Aircraft Type (2017-2030)
13.3. Market Revenue, by Range (2017-2030)
13.4. Market Revenue, by Operation Type (2017-2030)
13.5. Market Revenue, by End User (2017-2030)
Chapter 14. Germany Market
14.1. Overview
14.2. Market Revenue, by Aircraft Type (2017-2030)
14.3. Market Revenue, by Range (2017-2030)
14.4. Market Revenue, by Operation Type (2017-2030)
14.5. Market Revenue, by End User (2017-2030)
Chapter 15. France Market
15.1. Overview
15.2. Market Revenue, by Aircraft Type (2017-2030)
15.3. Market Revenue, by Range (2017-2030)
15.4. Market Revenue, by Operation Type (2017-2030)
15.5. Market Revenue, by End User (2017-2030)
Chapter 16. U.K. Market
16.1. Overview
16.2. Market Revenue, by Aircraft Type (2017-2030)
16.3. Market Revenue, by Range (2017-2030)
16.4. Market Revenue, by Operation Type (2017-2030)
16.5. Market Revenue, by End User (2017-2030)
Chapter 17. Italy Market
17.1. Overview
17.2. Market Revenue, by Aircraft Type (2017-2030)
17.3. Market Revenue, by Range (2017-2030)
17.4. Market Revenue, by Operation Type (2017-2030)
17.5. Market Revenue, by End User (2017-2030)
Chapter 18. Spain Market
18.1. Overview
18.2. Market Revenue, by Aircraft Type (2017-2030)
18.3. Market Revenue, by Range (2017-2030)
18.4. Market Revenue, by Operation Type (2017-2030)
18.5. Market Revenue, by End User (2017-2030)
Chapter 19. Japan Market
19.1. Overview
19.2. Market Revenue, by Aircraft Type (2017-2030)
19.3. Market Revenue, by Range (2017-2030)
19.4. Market Revenue, by Operation Type (2017-2030)
19.5. Market Revenue, by End User (2017-2030)
Chapter 20. China Market
20.1. Overview
20.2. Market Revenue, by Aircraft Type (2017-2030)
20.3. Market Revenue, by Range (2017-2030)
20.4. Market Revenue, by Operation Type (2017-2030)
20.5. Market Revenue, by End User (2017-2030)
Chapter 21. India Market
21.1. Overview
21.2. Market Revenue, by Aircraft Type (2017-2030)
21.3. Market Revenue, by Range (2017-2030)
21.4. Market Revenue, by Operation Type (2017-2030)
21.5. Market Revenue, by End User (2017-2030)
Chapter 22. Australia Market
22.1. Overview
22.2. Market Revenue, by Aircraft Type (2017-2030)
22.3. Market Revenue, by Range (2017-2030)
22.4. Market Revenue, by Operation Type (2017-2030)
22.5. Market Revenue, by End User (2017-2030)
Chapter 23. South Korea Market
23.1. Overview
23.2. Market Revenue, by Aircraft Type (2017-2030)
23.3. Market Revenue, by Range (2017-2030)
23.4. Market Revenue, by Operation Type (2017-2030)
23.5. Market Revenue, by End User (2017-2030)
Chapter 24. Brazil Market
24.1. Overview
24.2. Market Revenue, by Aircraft Type (2017-2030)
24.3. Market Revenue, by Range (2017-2030)
24.4. Market Revenue, by Operation Type (2017-2030)
24.5. Market Revenue, by End User (2017-2030)
Chapter 25. Mexico Market
25.1. Overview
25.2. Market Revenue, by Aircraft Type (2017-2030)
25.3. Market Revenue, by Range (2017-2030)
25.4. Market Revenue, by Operation Type (2017-2030)
25.5. Market Revenue, by End User (2017-2030)
Chapter 26. Saudi Arabia Market
26.1. Overview
26.2. Market Revenue, by Aircraft Type (2017-2030)
26.3. Market Revenue, by Range (2017-2030)
26.4. Market Revenue, by Operation Type (2017-2030)
26.5. Market Revenue, by End User (2017-2030)
Chapter 27. South Africa Market
27.1. Overview
27.2. Market Revenue, by Aircraft Type (2017-2030)
27.3. Market Revenue, by Range (2017-2030)
27.4. Market Revenue, by Operation Type (2017-2030)
27.5. Market Revenue, by End User (2017-2030)
Chapter 28. U.A.E. Market
28.1. Overview
28.2. Market Revenue, by Aircraft Type (2017-2030)
28.3. Market Revenue, by Range (2017-2030)
28.4. Market Revenue, by Operation Type (2017-2030)