Urban Air Mobility Market is expected to reach US$ 23,250.3 Million by 2034

PRESS RELEASE BY The Insight Partners 25 Mar 2020

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According to the new research report published by The Insight Partners, titled “Urban Air Mobility Market - Global Analysis and Forecast to 2034”, by Platform and Operation; is expected to reach US$ 23,250.3 million by 2034, registering a CAGR of 17.5% during the forecast period 2025-2034.

Advances in aviation technologies are creating the potential to provide convenient and efficient on-demand transportation for people and cargo in metropolitan areas. Urban Air Mobility (UAM) is a transportation concept that has the potential to reconstruct societal mobility. It proposes highly affordable, accessible, and fast urban air transit, which would reduce ground-based congestion by off-loading the existing roadways transportation infrastructure. UAM relies on the gain in technologies such as distributed electric propulsion, new business models such as application-based ride-sharing, and trends in advanced aerospace manufacturing that will reduce production costs. Increasing the credit of vehicle automation and autonomous vehicle operations will be critical in achieving the autonomous UAM vision. Autonomy will be needed for an economically viable transportation system capable of supporting the high anticipated demand. Significant increases in the technological maturity of stable, maneuverable, vertical takeoff and landing (VTOL) vehicle, and highly automated flight are primarily going to propel the UAM industry. The global market for urban air mobility is segmented into three major regions— North America, Europe, and Rest of World. Urban air mobility (UAM) is an attractive business proposition, which is not too far off in the future. As the road travel in large megacities becomes increasingly congested, the population commuting daily are looking for a better way to safely travel to work and other destinations. Urban air mobility can serve as the advanced way to commute on a daily basis. Urban air mobility, being a part of the future urban landscape, is a term used to describe the systems that enables on-demand, safe, highly automated, and passenger and cargo carrying air transportation services in a metropolitan environment for manned aircraft and unmanned aircraft systems.


Increasing demand for electric urban air mobility, and increasing population, and increasing need for a vehicle that result in traffic congestion in the region have been bolstering the growth of the global urban air mobility market. Based on geography, North America holds a significant market share and is expected to grow at a high rate during the forecast period. The top companies operating in the field of urban air mobility include Airbus SAS, Aurora Flight Sciences, Airspace Experience Technologies, Inc., Bell Textron Inc., EHang Intelligent Technology Co. Ltd, EmbraerX, Jaunt Air Mobility LLC, Kitty Hawk, Moog Inc., Volocopter GmbH, and among others. Various other companies operating in the market and are coming up with advance urban air mobility solutions, which is helping the market for urban air mobility to expand over the years in terms of revenue. 

Urban Air Mobility Market - Geographic Breakdown, (2025 and 2034)

Urban Air Mobility Market Size, Growth, Global Forecast By 2034

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Urban Air Mobility Market to 2034 - Global Analysis and Forecasts by Platform (Air Taxi, Passenger Aerial Vehicle, Cargo Aerial Vehicle, Air Ambulance); Operation (Piloted, Autonomous)

The report segments the global urban air mobility market as follows:

Global Urban Air Mobility Market – By Platform

  • Air Taxi
  • Passenger Aerial Vehicle
  • Cargo Aerial Vehicle
  • Air Ambulance

Global Urban Air Mobility Market – By Operation

  • Piloted
  • Autonomous

Global Urban Air Mobility Market – By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Rest of the World

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