Urban Air Mobility Market Size Worth $ 49.09 Billion By 2032 | CAGR: 31.1%

The global urban air mobility market size is expected to reach USD 49.09 billion by 2032, according to a new study by Polaris Market Research. The report “Urban Air Mobility Market Share, Size, Trends, Industry Analysis Report, By Solution (Platform, Infrastructure); By Operation; By Mobility Type; By Platform Architecture; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.  

The market for urban air mobility is rapidly evolving due to technological improvements. Innovations in electric propulsion, lightweight materials, and autonomous systems are driving the creation of effective and secure electric vertical takeoff and landing (eVTOL) aircraft. Ongoing advancements in battery technology increase the range and cargo capacity of UAM vehicles. Urban airspace safety is ensured by sophisticated sensors and communication systems that allow for precise navigation and collision avoidance. Modern technical advancements make UAM a viable option for urban transportation in the future by improving its viability and dependability as well as its environmental sustainability.

Intermodal transportation integration offers an opportunity for the UAM market. Seamless integration with existing transportation modes creates a holistic urban mobility experience. UAM becomes a pivotal link in an interconnected transportation network, providing efficient last-mile connectivity. This integration not only enhances overall urban mobility but also presents a convenient, time-saving option for commuters. Cities investing in smart and integrated transportation systems unlock new avenues for UAM adoption, fostering a collaborative and sustainable approach to future urban mobility solutions. The synergy of intermodal connectivity positions UAM as an integral element in the urban transportation landscape.

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Urban air freight and logistics represent a significant opportunity for the urban air mobility market. By providing swift and efficient aerial cargo transport within urban areas, UAM addresses the growing market demand for timely logistics solutions. This application opens doors for companies to revolutionize urban supply chains, reduce delivery times, and optimize inventory management. Opportunities for logistics providers to integrate UAM into their operations offer a competitive edge in the rapidly evolving logistics landscape.

UAM unfolds vital opportunities in medical and emergency services. UAM's capability to swiftly transport medical professionals, organs, and emergency response teams transforms healthcare logistics. By overcoming ground-level obstacles, UAM enhances the speed and efficiency of critical medical interventions. This creates opportunities for collaborations between UAM providers and healthcare institutions, revolutionizing emergency medical services. Improved accessibility to remote or congested areas ensures prompt responses during emergencies. UAM's role in medical transport not only saves lives but establishes a crucial niche for industry players, highlighting its potential to revolutionize healthcare logistics and emergency services in urban environments.

Urban Air Mobility Market Report Highlights

• The infrastructure segment is expected to experience significant market growth during the forecast period due to increasing focus on urban integration planning, air traffic management systems, and charging and refueling stations.
• The autonomous segment is expected to experience significant growth during the market forecast period due to reduced human intervention, enhanced safety protocols, and urban congestion alleviation.
• The air taxis segment is expected to experience significant growth during the forecast period due to a greater focus on urban and suburban mobility solutions and electric propulsion technology.
• In 2023, the rotary wing segment accounted for a significant market share due to vertical takeoff and landing capability, urban accessibility, and niche navigation, and minimized ground infrastructure requirements.
• North America accounted for the largest market revenue share in 2023 due to technology adoption, investments and funding, and a supportive regulatory framework.
• The market is highly competitive owing to the existence of market players with a global presence, including Airbus, Boeing, EHang, Joby Aviation, Lilium, Volocopter, and Wingcopter GmbH, among others.

Polaris Market Research has segmented the urban air mobility market report based on solution, operation, mobility type, platform architecture, and region:

Urban Air Mobility, Solution Outlook (Revenue - USD Billion, 2019 - 2032)

• Platform
• Infrastructure

Urban Air Mobility, Operation Outlook (Revenue - USD Billion, 2019 - 2032)

• Autonomous
• Piloted

Urban Air Mobility, Mobility Type Outlook (Revenue - USD Billion, 2019 - 2032)

• Air Shuttles and & Air Metro
• Air Ambulance & Medical Emergency Vehicles
• Air Taxis, Personal Air Vehicles
• Cargo Air Vehicles
• Others

Urban Air Mobility, Platform Architecture Outlook (Revenue - USD Billion, 2019 - 2032)

• Rotary Wing
• Fixed Wing
• Hybrid

Urban Air Mobility, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

• North America

• U.S.
• Canada

• Europe

• France
• Germany
• UK
• Italy
• Netherlands
• Spain
• Russia

• Asia Pacific

• Japan
• China
• India
• Malaysia
• Indonesia
• South Korea

• Latin America

• Brazil
• Mexico
• Argentina

• Middle East & Africa

• Saudi Arabia
• UAE
• Israel
• South Africa

Urban Air Mobility Market Report Scope