Urban Air Mobility Market Reaches USD 2.98 Billion Value in 2023, Set to Grow with 36.98% CAGR Till 2028

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Urban Air Mobility Market Reaches USD 2.98 Billion Value in 2023, Set to Grow with 36.98% CAGR Till 2028

The Urban Air Mobility Market report by MarkNtel Advisors – Market Research Company, offers a comprehensive analysis of the current state of the market, including an overview of key players, emerging trends, and future growth prospects. The report is segmented into various sections, each dedicated to different aspects of the market such as market size, geographical shares, competitive landscape, and market dynamics.

How Big is the Urban Air Mobility Industry?

The Global Urban Air Mobility Market size is expected to rise at a CAGR of around 36.98% during the forecast period 2022-2027.

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Urban Air Mobility Market Growth 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.

Competitor Breakdown: Top Urban Air Mobility Companies 2022-2027

  • Aurora Flight Sciences
  • Siemens
  • Embraer
  • Volocopter
  • A3 by Airbus
  • Workhorse Group
  • Pipistrel
  • Bell Textron
  • Neva Aerospace
  • Kitty Hawk

Note: Additional or any 5 specific company in the Market can be added to the list without any Extra cost.

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Geographical Analysis:

North America, Europe, Asia Pacific, Middle East Africa, and South America

  • Share of each Geographical segment in the Market
  • Potential growth opportunities in the Geographically
  • The growth rate of the Geographical in the Industry

Breaking Down the Urban Air Mobility Market Segmentation:

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

Why This Report:

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