The Urban Air Mobility (UAM) Market is expected to develop at a compound annual growth rate (CAGR) of 31.2% from 2025 to 2035, from its estimated USD 4.59 billion in 2024 to USD 91.01 billion by 2034. UAM's main goal is to offer effective, secure, and environmentally friendly aerial transportation options that can reduce ground traffic problems and improve urban areas' general mobility.

 

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GROWTH DRIVERS

The global urbanization trend is the main factor propelling the UAM market's expansion. The World Bank estimates that more than 4 billion people live in urban areas worldwide. Urban dwellers now have to endure lengthier commutes due to traffic congestion, which has become a major problem as cities grow in population. By providing faster transit options that can avoid ground traffic, UAM offers a workable solution that increases commuter efficiency overall.

Cities are being encouraged to embrace eco-friendly options like UAM as a result of growing environmental concerns about carbon emissions from conventional ground transportation methods. The shift to sustainable modes of transportation is becoming more and more important as governments work to meet climate commitments. For example, American Airlines placed a provisional order for 250 Vertical's VX4 eVTOL aircraft and financed $25 million in Vertical Aerospace through a private investment in public equity (PIPE) transaction.

MARKET SEGMENTATION:

By Solution -

·         Platform

o   Aerostructures

o   Avionics

·         Flight Control Systems

·         Navigation Systems

·         Communications Systems

·         Sensors

o   Propulsion Systems

·         Electric Batteries

·         Solar Cells

·         Fuel Cells

·         Hybrid Electric

·         Fuel-Powered

o   Electrical Systems

·         Generators

·         Motors

·         Electric Actuators

·         Electric Pumps

·         Distribution Devices

o   Software

·         Flight Management Systems

·         Navigation & Route Optimization

·         Predictive Maintenance

·         Fleet Management & Scheduling

·         Infrastructure

o   Charging Stations

o   Vertiports

o   Air Traffic Management Facilities

o   Maintenance Facilities

By Platform Architecture -

·         Rotary Wing

o   Helicopters

o   Multicopters

·         Fixed-Wing Hybrid

o   Lift + Cruise

o   Vector Thrust

·         Fixed Wing

By Mobility Type –

·         Air Taxis

o   Manned Taxis

o   Drone Taxis

·         Air Shuttles & Air Metro

·         Personal Air Vehicles

·         Cargo Air Vehicles

o   First-Mile Delivery

o   Middle-Mile Delivery

o   Last-Mile Delivery

·         Air Ambulances & Medical Emergency Vehicles

By Range –

·         Intracity

o   Short-Range (<50 km)

o   Medium-Range (50–100 km)

·         Intercity

o   Regional (100–300 km)

o   Long-Haul (>300 km)

By Maximum Take-off Weight –

·         <100 Kg

·         100 - 300 Kg

·         >300 Kg

By Mode of Operation –

·         Piloted

·         Autonomous

o   Remotely/Optionally Piloted

o   Fully Autonomous

By Service Model –

·         Pay-Per-Use

·         Subscription-Based

·         Others

By Application –

·         Passenger Transport

·         Freighter

By End User –

·         Ridesharing Companies

·         Scheduled Operators

·         E-Commerce Companies

·         Hospitals & Medical Agencies

·         Private Operators

·         Other End Users

By Region -

·         North America

·         Europe

·         Asia Pacific

·         Latin America

·         Middle East & Africa

Key Players:

·         Lilium Aviation GmbH

·         Archer Aviation Inc.

·         Eve Holdings, Inc.

·         Airbus

·         Ehang

·         Joby Aero, Inc.

·         Textron Inc.

·         Volocopter GmbH

·         Boeing

·         Pipistrel

·         Other Key & Niche Players

 

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