Urban Air Mobility Strategic Business Research Report 2024-2030: Advancements in eVTOL (Electric Vertical Take-Off and Landing) Aircrafts Taking the $12.6 Billion Market to New Heights - ResearchAndMarkets.com

The "Urban Air Mobility - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Urban Air Mobility was estimated at US$5.4 Billion in 2023 and is projected to reach US$12.6 Billion by 2030, growing at a CAGR of 12.9% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

The growth in the Urban Air Mobility market is driven by several factors, including increasing urbanization, advancements in electric aviation, government initiatives for smart cities, and the growing demand for sustainable transportation solutions. One of the primary growth drivers is the rapid urbanization happening globally, leading to overcrowded roads, longer commutes, and greater demand for alternative mobility solutions.

UAM addresses these issues by providing a new layer of urban mobility, capable of reducing congestion, shortening travel times, and offering more flexible transport options. Government initiatives to develop smart city infrastructure and promote sustainable transportation have also accelerated UAM adoption. Regulatory agencies in countries like the United States, Germany, China, and Japan are actively supporting UAM pilot projects and establishing frameworks for airworthiness, safety, and airspace integration, paving the way for commercial deployments.

The rise of electric aviation, coupled with advancements in battery technology, has made UAM more viable and environmentally friendly. As concerns about carbon emissions and climate change intensify, UAM presents a sustainable alternative to traditional modes of transport, aligning with global efforts to achieve net-zero emissions. Investment from both public and private sectors, including major aerospace companies, startups, and venture capital firms, has fueled R&D in UAM, supporting the development of advanced eVTOLs, vertiports, and air traffic management systems. The COVID-19 pandemic further highlighted the potential of UAM for contactless deliveries and medical logistics, reinforcing its value in emergency response and healthcare applications.

The increasing consumer demand for faster, safer, and more personalized transport experiences has also contributed to the growing interest in UAM. Urban air taxis, with their potential to transform commutes and offer a new level of convenience, are generating significant public curiosity and demand, especially among early adopters in major cities. With ongoing advancements in electric propulsion, autonomous systems, and regulatory frameworks, the UAM market is poised for robust growth, supported by the global push toward smarter, more sustainable, and more connected urban transportation solutions.

What Is Urban Air Mobility (UAM), and Why Is It So Crucial for Future Transportation?

The importance of UAM lies in its potential to transform urban transportation by providing new, scalable, and sustainable mobility solutions. As cities continue to grow and traffic congestion worsens, UAM offers an alternative that can enhance connectivity, reduce carbon emissions, and improve the efficiency of logistics and public transport. UAM can support various use cases, including passenger transport, emergency response, medical supply delivery, and freight transport, making it a versatile solution for urban mobility challenges. By integrating airspace into city planning, UAM aligns with global trends toward smarter, more connected cities, and sustainable transport solutions, paving the way for a new era in urban transportation.

How Are Technological Advancements Shaping the Urban Air Mobility Market?

Key advancement is in autonomous flight systems, where AI and machine learning are enabling safer and more reliable operations. Autonomous navigation systems allow for real-time decision-making, obstacle detection, and route optimization, enhancing the safety and efficiency of UAM operations. Additionally, advancements in air traffic management, particularly the development of Unmanned Traffic Management (UTM) systems, are crucial for integrating UAM vehicles into existing airspace.

UTM uses AI-powered algorithms to manage the complex dynamics of low-altitude air traffic, coordinating multiple aircraft and ensuring safe separation in crowded urban skies. Digital infrastructure, such as 5G connectivity and cloud-based control systems, further supports real-time communication and data exchange between UAM vehicles, operators, and ground infrastructure. These technological innovations are not only accelerating the deployment of UAM but also ensuring that it aligns with broader goals of safety, efficiency, and sustainability.

What Are the Emerging Applications of Urban Air Mobility Across Different Sectors?

The logistics and freight transport sector is another significant beneficiary of UAM. Cargo drones and eVTOLs can transport packages, food, and essential goods across congested urban areas, supporting the growing demand for same-day and last-mile deliveries in e-commerce. This application is particularly valuable in densely populated cities, where UAM can bypass traffic bottlenecks and deliver goods directly to designated landing sites. Urban planners and city officials are also considering UAM for smart city development, integrating vertiports into new infrastructure projects, and using UAM to complement existing public transportation systems. In the tourism industry, UAM could offer unique aerial sightseeing experiences, providing visitors with panoramic views of urban landscapes. As UAM matures, its applications will likely expand, reflecting its versatility and potential to transform multiple sectors through faster, safer, and more efficient transportation.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players in the Global Urban Air Mobility Market such as Airbus SE, Airspace Experience Technologies Inc., Aurora Flight Sciences, Bell Helicopter Textron Inc., Boeing Company and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Infrastructure Component segment, which is expected to reach US$8.4 Billion by 2030 with a CAGR of a 13.5%. The Platform Component segment is also set to grow at 11.9% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, estimated at $1.5 Billion in 2023, and China, forecasted to grow at an impressive 12.2% CAGR to reach $1.9 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Key Attributes:

Key Topics Covered:

MARKET OVERVIEW

• Influencer Market Insights
• World Market Trajectories
• Global Economic Update
• Urban Air Mobility - Global Key Competitors Percentage Market Share in 2024 (E)
• Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)

MARKET TRENDS & DRIVERS

• Advancements in eVTOL (Electric Vertical Take-Off and Landing) Aircraft Propel UAM Market
• Increasing Investment in Smart City Projects Sets the Stage for Urban Air Mobility
• Rising Focus on Sustainable Transport Strengthens Business Case for UAM Solutions
• Regulatory Frameworks for Air Traffic Management Drive UAM Development
• Expanding Use of UAM in Emergency Medical Services Enhances Market Growth
• Increasing Adoption of Autonomous Aerial Vehicles Drives UAM Market
• Expanding Use in Cargo and Logistics Sectors Sustains Market Demand
• Focus on Reducing Urban Pollution Sets the Stage for UAM Growth
• Growing Demand for On-Demand Air Mobility Enhances Market Opportunities
• Increasing Focus on Green Aviation Drives Sustainable UAM Development

FOCUS ON SELECT PLAYERS: Some of the 14 companies featured in this Global Urban Air Mobility market report include

• Airbus SE
• Airspace Experience Technologies Inc.
• Aurora Flight Sciences
• Bell Helicopter Textron Inc.
• Boeing Company
• Delorean Aerospace LLC
• EHang Holdings Ltd.
• Kitty Hawk Corp.
• Lilium GmbH
• Neva Aerospace
• Textron Inc.
• Uber Technologies Inc.
• Volocopter GmbH
• Zipline Inc.

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