Urban Air Mobility Market Growing at the Fastest Rate in APAC and North America Region

The urban air mobility market is projected to grow from USD 2.6 billion in 2020 to USD 9.1 billion by 2030, at a CAGR of 13.5% from 2020 to 2030.

This study provides an analysis of the Global Urban Air Mobility Market from 2017 to 2030. It discusses the current and upcoming industry and technological trends prevailing in the market, along with the factors driving and restraining the market growth, as well as the challenges faced by it. The urban air mobility market which was estimated to be valued at USD 2.6 billion in 2020 is projected to reach USD 9.1 billion by 2030, growing at a CAGR of 13.5% during the forecast period. The major factors fueling the growth of this market include increasing demand for enhanced operational efficiency, reduced human intervention, and increased investment activities around the world.

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Based on component, the urban air mobility market has been segmented into infrastructure and platform. The infrastructure segment of the urban air mobility market is projected to grow at the highest CAGR from 2025 to 2030, owing to the increased deployment of eVTOL aircraft for intracity travel, leading to a rise in the need for infrastructure. Infrastructure has been further segmented into vertiports, charging stations, air traffic management facilities, and maintenance facilities. The vertiports segment is expected to hold the largest market share in 2025, owing to expected large amount of infrastructure development globally.

Based on platform operations, the market has been segmented into autonomous and piloted. The autonomous segment is projected to witness a higher CAGR from 2025 to 2030, mainly due to the significant investments being made to develop cost-effective solutions for passenger and cargo transportation for intracity and intercity transportation.

Based on range, the market has been segmented into intercity and intracity transportation. The intracity segment is projected to witness a higher growth rate in the coming years. Factors such as the increasing traffic congestion in urban areas due to the growing population and migration from rural areas are expected to drive the growth of intracity urban air mobility.

Based on unmanned platform by systems, the market has been segmented aerostructures, avionics, electrical systems, propulsion systems, cabin interiors, and software. The avionics segment is estimated to be the leading segment from 2025 to 2030, owing to increasing developments in platform avionics systems from remotely piloted aircraft to fully autonomous aircraft. For full autonomy, a suite of sophisticated avionics systems acts as an integral part of the platform.

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