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

    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)

    Publication Month: Mar 2020 | Report Code: TIPRE00004784 | No. of Pages: 108 | Category: Aerospace and Defense | Status: Published

    The urban air mobility market was valued at US$ 6,384.9 million in 2026 and is projected to reach US$ 23,250.3 million by 2034. The Urban air mobility market is expected to grow at a CAGR of 17.5% during the forecast period of 2025 to 2034.

    A minimum of three and a maximum of five-six passengers can travel by urban air mobility passenger carriers. In rural areas, more than six passengers travel by three-wheeler passenger carriers as per requirement. Increasing traffic congestions in urban cities is major factor driving the market growth. 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. According to the World Health Organization (WHO), roughly 1.25 million people are killed in car accidents each year, reaching to about 3,400 deaths per day. This does not consider the millions of injuries incurred in non-fatal accidents.

    The global urban air mobility market is segmented by type into passenger carrier and goods carrier. Based on fuel type, the urban air mobility market is segmented into Diesel, Petrol, CNG, LPG, and Electric. Increasing demand for electric urban air mobility, and increasing population, and increasing need for a vehicle that helps in traffic congestion in the region have been bolstering the growth of the global urban air mobility market.

    Lucrative Regions in Urban air mobility Market

    Lucrative Regions in Urban air mobility Market

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    Urban air mobility Market Insights

    Aviation and Autonomous Driving Technology Advancements

    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.

    Platform -Based Market Insights

    The urban air mobility market is bifurcated on basis of platform into air taxi, passenger aerial vehicle, cargo aerial vehicle, and air ambulance. Broad array of applications are present for UAM which facilitates easy and rapid transportation of cargo as well as 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.

    Operation -Based Market Insights

    The urban air mobility market is bifurcated on basis of operation into piloted and autonomous. The autonomous segment is estimated to lead the market during the forecast period, as autonomous eVTOLs are better suited for cargo and passenger transportation and are anticipated to be increasingly utilized for intercity transportation.


    Urban air mobility Market, by Operation - 2019 and 2027

    Urban air mobility Market, by Operation - 2019 and 2027

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    Strategic Insights

    Players operating in the Urban air mobility market focus on strategies, such as market initiatives, acquisitions, and product launches, to maintain their positions in the urban air mobility market. A few developments by key players of the urban air mobility market are:

    In February 2020, Airbus and the Civil Aviation Authority of Singapore signed a MOU to enable urban air mobility in Singapore. This collaboration would enable the urban air mobility in the country in the country.

    In February 2019 Airspace Experience Technologies entered into a definitive agreement with Spirit AeroSystems to create certified all-electric, vertical take-off and landing (eVTOL) aircraft.

    Urban Air Mobility Market – by Platform

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


    Urban Air Mobility Market – by Operation

    • Piloted
    • Autonomous


    Urban Air Mobility Market – by Geography

    • North America

      • US
      • Canada
    • Europe

      • France
      • Germany
      • UK
      • Russia
      • Rest of Europe
    • Rest of World


    Urban Air Mobility Market – Company Profiles

    • Airbus SAS
    • Aurora Flight Sciences
    • Bell Helicopter Textron Inc.
    • EHang
    • EmbraerX
    • Honeywell International Inc.
    • 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

    1. Airbus SAS
    2. Aurora Flight Sciences
    3. Airspace Experience Technologies, Inc.
    4. Bell Textron Inc
    5. EHang Intelligent Technology Co. Ltd
    6. EmbraerX
    7. Jaunt Air Mobility LLC
    8. Kitty Hawk
    9. Moog Inc.
    10. 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.
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    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.

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