Market Insights and Analysis: Global Urban Air Mobility Market Overview and Projections (2023-2028)
The Global Urban Air Mobility Market size was valued at USD 2.98 Billion in 2022 and is projected to grow at a CAGR of around 36.98% during the forecast period, i.e., 2023-28. The market’s growth is driven primarily by the exponentially rising population and an expanding vehicle fleet, leading to increasing road congestion, i.e., augmenting the need for alternative transportation like urban air mobility solutions.
Top leading companies in the Global Urban Air Mobility Market includes:
Aurora Flight Sciences, Siemens, Embraer, Volocopter, A3 by Airbus, Workhorse Group, Pipistrel, Bell Textron, Neva Aerospace, Kitty Hawk.
Global Urban Air Mobility Market Driver
Surge in Vehicle Fleet Size Resulting in Massive Road Congestion: A sudden surge in population growth and the expanding number of vehicles significantly strain existing infrastructure, resulting in frequent traffic congestion. Citing challenges posed by road congestion, flying taxis, and autonomous aerial vehicles are being explored as they utilize the airspace to provide faster and more efficient travel options within cities. As a result, these innovative transportation modes, as a means to improve the overall efficiency of urban transportation networks, are gaining prominence worldwide, particularly across densely populated areas. Thus, the market outlook for urban air mobility seems promising during the forecast period.
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Report Segmentation:
The market is categorized into the following segments in the report:
By Operation
-Piloted
-Autonomous
By Range
-Intracity (20 Km – 100 Km)
-Intercity (101 Km – 400 Km)
By Component
-Platform
-Air Taxi
-Passenger Arial Vehicle
-Cargo Arial Vehicle
-Air Ambulance
-Last Mile Delivery
-Air Shuttles
-Others
-Infrastructure
-Charging Stations
-Traffic Management
-Vertiports
-Maintenance Facilities
By End User
-Civilian
-Last Mile Delivery
-Military
-Demining
-Reconnaissance
-Target Practice
-Arial Imaging Systems
-Unmanned Biologic Transport
-Medical Air Rescue
-Transport & Logistics
-Road Traffic Patrol
-Railway & Power Line Surveillance
-Others.
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Global Urban Air Mobility Market Geographic Reach:
The Geographic Reach of the Global Urban Air Mobility Market evaluates the spread and significance of Global Urban Air Mobility market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.
- North America: USA, Canada
- Europe: Germany, France, Italy, UK, Russia
- Asia-Pacific: China, India, Japan, South Korea, Australia
- South America: Brazil
- Middle East & Africa: Saudi Arabia, Israel, Turkey.
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