Urban Air Mobility Market to 2034 - Global Analysis and Forecasts by Type (Lead-acid Batteries, Lithium-based Batteries, Nickel-based Batteries, Others); Application (Telecom & Data Communication, Industrial Equipment, Uninterruptible Power Supply (Ups)/Backup, Mining, Marine, Others)
The urban air mobility market will be valued at US$ 6063.5 Mn in 2025 and is expected to grow at a CAGR of 17.5% from 2026 to 2034 to reach US$ 23,250.30 Mn by 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 urban air mobility market.
The Government in North American countries, such as the US are taking continuous steps to enhance the development of UAM which are expected to drive the urban air mobility market. For instance The FAA extensively partner across industry, government, and universities for the development of policies, guidance, regulations, procedures, and standards for aerial vehicle’s operations. In June 2019, the FAA, NASA, 18 industry partners and the Nevada Institute of Autonomous Systems completed Technical Capability Level 4 flight tests in Reno, Nevada. It comprised of five sUAS completing approximately 150 missions in the downtown Reno and a nearby park. This testing was the first of its kind with many sUAS all together flying beyond visual-line-of-sight operations in the urban environment. These tests have also become vital in the development of UAM. Therefore, supportive government regulations are expected to drive the growth of urban air mobility market.
Lucrative Regional Urban Air Mobility Market
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Market Insights
Growing traffic congestion and increasing demand for green solutions drives the demand for urban air mobility market
As the world’s urban population grows, traffic congestion has been seriously affecting people’s quality of life and taking a toll on general economic growth. For example, according to INRIX (a traffic analysis firm), a U.S. commuter spends approximately 41 hours in traffic each year during peak congestion times. It also mentioned that traffic congestions had cost U.S. drivers approximately US$ 305 Bn in 2017, implying an average of US$ 1,445 per driver. Furthermore, the U.S. Environmental Protection Agency estimated an average passenger car emits 4.7 metric tons of carbon dioxide each year. Furthermore, car accidents have surged, along with increasing vehicle ownership in developing countries such as India and China.
To overcome the sanities, as mentioned earlier, it is foreseen that UAM will provide the ultimate solution to these urban traffic safety problems. Subsequently, a battery-powered UAM vehicle will supersede the existing internal combustion engine (ICE) cars, which will undoubtedly reduce carbon emission and enhance the quality of air in urban areas. The growing focus towards tackling the problem of traffic congestions is also expected to support the growth of urban air mobility market.
Operation Insights
In the present scenario, regulation is in place to permit for VLOS operations and piloted helicopter operation for UAS. However, there is no precise regulation in place for governing autonomous passenger-carrying operations or the systems that provide them. During the development of the aerial vehicle, a fall-back, or safety pilot is always on board for taking control for any reason, at any time. Utilizing the fall-back pilot facilitates the aircraft to become airborne more quickly, and requires significant investment in systems. However, starting with full autonomy reduces the requirement of human-machine interfaces, but gaining certification and public acceptance can be a challenge, due to this, numerous market players are focusing on designing and developing piloted urban air mobility to gain a strong position in the urban air mobility market.
Global Urban Air Mobility Market, by Platform – 2025 & 2034
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Platform Insights
The urban air mobility market is bifurcated on the basis of the platform into air taxi, aerial passenger vehicle, aerial cargo vehicle, and air ambulance. The broad array of applications are present for UAM, which facilitates easy and rapid transportation of cargo as well as a human being. These UAMs are extensively utilized for the transportation of small items, medical products, and carries passengers as well. However, these mobility solutions have their own flying limits depending upon their usage. UAM vehicles are neither allowed to fly at a low range as it would hit the mid-sized and tall buildings nor at a high range to hit any airlines.
Strategic Insights
Many well-known furniture players present in the urban air mobility market are focusing on offering quiet, efficient, and safe urban air mobility aircraft. All the market players focuses majorly on new product innovations and developments by adopting advance technologies and compete with the competitor and achieve a strong position in the urban air mobility market. Few of the recent acquisitions are listed below;
2020: Bell launched an aerospace operating system that would solve the digital need of urban air mobility. The launch of this software would provide the company with a competitive advantage over other potential on-demand software providers, such as Uber and Blade in the urban air mobility market.
2018: Voom launched its on-demand helicopter booking platform in Mexico city. .
Urban Air Mobility Market – By Platform
- Air Taxi
- Passenger Aerial Vehicle
- Cargo Aerial Vehicle
- Air Ambulance
Urban air mobility Market – By Operation
- Piloted
- Autonomous
Global Urban air mobility Market by Region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- France
- United Kingdom
- Russia
- Rest of Europe
- Rest of the World
Companies Profiles
- 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
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Urban Air Mobility - Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 Rest of World
4.3 Ecosystem
5. Urban Air Mobility (UAM) Market – Industry Dynamics
5.1 Key Market Driver
5.1.1 Aviation and Autonomous Driving Technology Advancements
5.1.2 Traffic Congestion
5.2 Key Market Restraint
5.2.1 Pilot Shortage
5.3 Key Market Opportunity
5.3.1 Last Mile Delivery
5.4 Future Trend
5.4.1 Advancement in Lithium-Ion Battery Technology
5.5 Impact Analysis of Drivers and Restraints
6. Urban Air Mobility – Global Market Analysis
6.1 Urban Air Mobility Market Overview
6.2 Urban Air Mobility Market –Revenue and Forecast to 2034 (US$ Million)
6.3 Market Positioning – Five Key Players
7. Urban Air Mobility Market Analysis – By Platform
7.1 Overview
7.2 Urban Air Mobility Market, By Platform (2025 and 2034)
7.3 Air Taxi
7.3.1 Overview
7.3.2 Air Taxi: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
7.4 Passenger Aerial Vehicle
7.4.1 Overview
7.4.2 Passenger Aerial Vehicle: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
7.5 Cargo Aerial Vehicle
7.5.1 Overview
7.5.2 Cargo Aerial Vehicle: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
7.6 Air Ambulance
7.6.1 Overview
7.6.2 Air Ambulance: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
8. Urban Air Mobility Market Analysis – By Operation
8.1 Overview
8.2 Urban Air Mobility Market, By Operation (2025 and 2034)
8.3 Piloted
8.3.1 Overview
8.3.2 Piloted: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
8.4 Autonomous
8.4.1 Overview
8.4.2 Autonomous: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9. Urban Air Mobility Market – Geographic Analysis
9.1 Overview
9.2 North America: Urban Air Mobility Market
9.2.1 North America: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.2.2 North America: Urban Air Mobility Market, by Platform
9.2.3 North America: Urban Air Mobility Market, by Operation
9.2.4 North America: Urban Air Mobility Market, by Key Country
9.2.4.1 US: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.2.4.1.1 US: Urban Air Mobility Market, by Platform
9.2.4.1.2 US: Urban Air Mobility Market, by Operation
9.2.4.2 Canada: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.2.4.2.1 Canada: Urban Air Mobility Market, by Platform
9.2.4.2.2 Canada: Urban Air Mobility Market, by Operation
9.3 Europe: Urban Air Mobility Market
9.3.1 Europe: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.3.2 Europe: Urban Air Mobility Market, by Platform
9.3.3 Europe: Urban Air Mobility Market, by Operation
9.3.4 Europe: Urban Air Mobility Market, by Key Country
9.3.4.1 Germany: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.3.4.1.1 Germany: Urban Air Mobility Market, by Platform
9.3.4.1.2 Germany: Urban Air Mobility Market, by Operation
9.3.4.2 France: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.3.4.2.1 France: Urban Air Mobility Market, by Platform
9.3.4.2.2 France: Urban Air Mobility Market, by Operation
9.3.4.3 UK: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.3.4.3.1 UK: Urban Air Mobility Market, by Platform
9.3.4.3.2 UK: Urban Air Mobility Market, by Operation
9.3.4.4 Russia: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.3.4.4.1 Russia: Urban Air Mobility Market, by Platform
9.3.4.4.2 Russia: Urban Air Mobility Market, by Operation
9.3.4.5 Rest of Europe: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.3.4.5.1 Rest of Europe: Urban Air Mobility Market, by Platform
9.3.4.5.2 Rest of Europe: Urban Air Mobility Market, by Operation
9.4 Rest of World: Urban Air Mobility Market
9.4.1 Rest of World: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
9.4.2 Rest of World: Urban Air Mobility Market, by Platform
9.4.3 Rest of World: Urban Air Mobility Market, by Operation
10. Industry Landscape
10.1 Market Initiative
10.2 New Development
11. Company Profiles
11.1 Airbus SAS
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Aurora Flight Sciences
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Airspace Experience Technologies, Inc.
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Bell Textron Inc.
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 EHang Intelligent Technology Co. Ltd
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 EmbraerX
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 Jaunt Air Mobility LLC
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Kitty Hawk
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Moog Inc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Volocopter GmbH
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. Urban Air Mobility Market –Revenue and Forecast to 2034 (US$ Million)
Table 2. North America: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 3. North America: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 4. US: Urban Air Mobility Market, by Platform –Revenue and Forecast to 2034 (US$ Million)
Table 5. US: Urban Air Mobility Market, by Operation –Revenue and Forecast to 2034 (US$ Million)
Table 6. Canada: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 7. Canada: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 8. Europe: Urban Air Mobility Market, by Platform– Revenue and Forecast to 2034 (US$ Million)
Table 9. Europe: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 10. Germany: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 11. Germany: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 12. France: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 13. France: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 14. UK: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 15. UK: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 16. Russia: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 17. Russia: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 18. Rest of Europe: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 19. Rest of Europe: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 20. Rest of World: Urban Air Mobility Market, by Platform – Revenue and Forecast to 2034 (US$ Million)
Table 21. Rest of World: Urban Air Mobility Market, by Operation – Revenue and Forecast to 2034 (US$ Million)
Table 22. Glossary of Term: Urban Air Mobility Market
LIST OF FIGURES
Figure 1. Urban air mobility Market Segmentation
Figure 2. Urban air mobility Market Segmentation – By Geography
Figure 3. Urban air mobility Market Overview
Figure 4. Urban air mobility Geographic Overview
Figure 5. Urban air mobility Market, By Platform
Figure 6. Urban air mobility Market, by Operation
Figure 7. North America: PEST Analysis
Figure 8. Europe: PEST Analysis
Figure 9. Rest of World: PEST Analysis
Figure 10. UAM Market Impact Analysis of Drivers and Restraints
Figure 11. Geographic Overview of Urban Air Mobility Market
Figure 12. Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 13. Urban Air Mobility Market Revenue Share, by Platform (2025 and 2034)
Figure 14. Air Taxi: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 15. Passenger Aerial Vehicle: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 16. Cargo Aerial Vehicle: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 17. Air Ambulance: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ million)
Figure 18. Urban Air Mobility Market Revenue Share, by Operation (2025 and 2034)
Figure 19. Piloted: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 20. Autonomous: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 21. Global Urban Air Mobility Market Revenue Share, by Region (2025 and 2034)
Figure 22. North America: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 23. North America: Urban Air Mobility Market Revenue Share, by Platform (2025 and 2034)
Figure 24. North America: Urban Air Mobility Market Revenue Share, by Operation (2025 and 2034)
Figure 25. North America: Urban Air Mobility Market Revenue Share, by Key Country (2025 and 2034)
Figure 26. US: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 27. Canada: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 28. Europe: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 29. Europe: Urban Air Mobility Market Revenue Share, by Platform (2025 and 2034)
Figure 30. Europe: Urban Air Mobility Market Revenue Share, by Operation (2025 and 2034)
Figure 31. Europe: Urban Air Mobility Market Revenue Share, by Key Country (2025 and 2034)
Figure 32. Germany: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 33. France: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 34. UK: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 35. Russia: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 36. Rest of Europe: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 37. Rest of World: Urban Air Mobility Market – Revenue and Forecast to 2034 (US$ Million)
Figure 38. Rest of World: Urban Air Mobility Market Revenue Share, by Platform (2025 and 2034)
Figure 39. Rest of World: Urban Air Mobility Market Revenue Share, by Operation (2025 and 2034)
The List of Companies - Urban Air Mobility (UAM) Market
- 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
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the urban air mobility (UAM) market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to components, aircraft type, and end-users.
Frequently Asked Questions
The North America region will lead the Urban air mobility market in 2025 owing to the supportive government initiatives and an increasing number of companies spending rigorously on the development of urban air mobility products.
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. Therefore, the technological advancements in the aviation industry and increasing traffic congestion are the major factors driving the growth of urban air mobility market.
Air Taxi segment led the urban air mobility market. The air taxi usage case is a door-to-door (or near-ubiquitous) ridesharing operation, which permits customers to call vertical takeoff and landing aircraft (VTOLs) to their preferred pickup locations and stipulate drop-off destinations at rooftops across the given city. These rides are on-demand and unscheduled, just like ridesharing applications the customers use in the present scenario. Similar to the air metro case, the aerial vehicles are both autonomous as well as operated by the pilots and can accommodate 2 to 5 passengers simultaneously, by an average load of 1 passenger per trip.