Urban Air Mobility Market Size, Share & Trends Analysis Report By Type (Air Taxis, Air Metros, Air Ambulance, Last-Mile Delivery, Others), By Range (Intercity, Intracity), By Application (Passenger Transport, Freighter), By Region, And Segment Forecasts, 2023 To 2030

Urban air mobility is a rapidly emerging market that provides air transportation services within urban and suburban areas. It involves using electric vertical takeoff and landing (eVTOL) aircraft, which are designed to operate in congested urban areas and take off and land vertically from small, elevated landing pads or rooftop helipads. Urban air mobility promises to revolutionize urban transportation by offering faster, more efficient, and more environmentally friendly alternatives to traditional ground-based transportation methods. The urban air mobility market is expected to grow significantly in the coming years, driven by urbanization, population growth, increasing traffic congestion, and technological advancements.

One of the main drivers of the urban air mobility market is the need for faster and more efficient transportation. With traditional ground-based transportation methods becoming increasingly congested, urban residents are seeking alternative modes of transportation. Urban air mobility promises to offer more direct, faster, and more efficient transportation with reduced travel time and increased productivity. Governments and transportation authorities in several countries have recognized the potential of urban air mobility. They are investing heavily in research and development of eVTOL aircraft and infrastructure to support their operation.

Urban air mobility not only boosts transportation effectiveness but also has various environmental advantages. eVTOL aircraft produces less noise and are emission efficient than traditional aircraft, making them perfect for usage in populated regions. Urban air mobility aids in reducing carbon emissions by lowering the number of vehicles on the road.

In urban air mobility, several challenges need to be addressed including the development of safe and reliable eVTOL aircraft. The technology is still in its early stages, and there are concerns about the safety of the aircraft and the infrastructure required to support them. Operational and regulatory challenges also need to be addressed, including issues related to airspace integration, noise pollution, and air traffic management.

Several companies are already working on developing eVTOL aircraft and urban air mobility infrastructure by undertaking various strategies such as collaboration, mergers, and acquisitions. For instance, in May 2022, Joby Aviation announced the acquisition of Avionyx, an aerospace software engineering firm. Through this acquisition, Avionyx will help it certify its electric vertical take-off and landing (eVTOL) aircraft.

Urban Air Mobility Market Segmentation

• By Type

  • Air Taxis

  • Air Metros

  • Air Ambulance

  • Last-Mile Delivery

  • Others

• By Platform Operation

  • Piloted

  • Autonomous

  • Hybrid

• By Range

  • Intercity

  • Intracity

• By Application

  • Passenger Transport

  • Freighter

Key players

• AIRBUS

• Volocopter GmbH

• Embraer S.A.

• Honeywell International Inc.

• Hyundai Motor Company

• Jaunt Air Mobility LLC.

• Karem Aircraft Inc.

• Opener

• PIPISTREL

• Safran SA

• Textron Inc.

• The Boeing Company

• Joby Aviation

• EHang