Global Urban Air Mobility Market is Projected to Surpass USD 15.49 Billion by 2030

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The Global Urban Air Mobility Market size was valued at around USD 4.54 Billion in 2024 and is projected to reach USD 15.49 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 22.70% during the forecast period, i.e., 2025-30, cites MarkNtel Advisors in the recent research report.

This flourishing growth is significantly attributed to the rising population and growing road congestion across different countries, i.e., displaying a rising need for urban air mobility solutions to carry passengers or cargo at lower altitudes across urban and suburban areas.

Besides, since rapid urbanization & traffic are pushing the limits of transportation networks, the advent of urban air mobility is anticipated to gain significant momentum during the forecast period and address issues associated with congestion. Moreover, with growing concerns over degrading environmental conditions, governments of different countries worldwide are imposing favorable policies for the leading players to develop urban air mobility transportation faster, safer, cleaner, and altogether a more interconnected network.

Hence, substantial government investments and the active participation of the leading players in the research & development of urban air mobility are anticipated to augment the overall market growth during the forecast period. Additionally, an increasing number of start-ups & aerospace companies are also likely to contribute considerably to the market expansion in the coming years, further states the research report, “Urban Air Mobility Market Analysis, 2025.”

Urban Air Mobility MarketSegmentation Analysis

Air Taxis to Witness Massive Investments Through 2030

Based on the Component segment, the market is further bifurcated into, platform and infrastructure.

Air Taxis Platforms are projected to display the fastest growth in the Global Urban Air Mobility Market during the forecast period. It owes principally to massive investments by governments & leading players in developing air taxis with advanced technologies like highly efficient batteries, sophisticated manufacturing techniques, and autonomous vehicles like self-driving automobiles, entwined with the construction of their prototypes. Besides, the growing need to strengthen aircraft medical facilities is another prominent aspect instigating developments in Air taxis for emergency transportation across different locations, which, in turn, would significantly boost the Urban Mobility Market for Air taxis over the forecast period.

North America to Dominate the Industry with Substantial Shares

North America is projected to maintain its leadership in the urban air mobility (UAM) industry due to a combination of technological innovation, robust investment, and a highly supportive regulatory environment. Moreover, heavy public and private sector investments, along with partnerships between aviation authorities, city governments, and private operators, are accelerating the development of vertiports, charging infrastructure, and air traffic management systems. This collaborative environment, combined with high urbanization rates and demand for congestion relief, positions North America as the global hub for UAM innovation and large-scale deployment in the coming years.

Competitive Landscape

With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Aurora Flight Sciences, Siemens, Embraer, Volocopter, A3 by Airbus, Workhorse Group, Pipistrel, Bell Textron, Neva Aerospace, Kitty Hawk, and others are looking forward to strengthening their market position.

Key Questions Answered in the Research Report

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What key factors would propel and impede the industry across the region?
4. How has the industry been evolving in terms of geography & product adoption?
5. How has the competition been shaping across various countries?
6. How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2020-30?
7. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?