How big is the urban air mobility market?

The global urban air mobility (UAM) market was valued at USD 4.87 billion in 2024 and is projected to reach USD 92.60 billion by 2034, reflecting its rapid growth and adoption worldwide.

What is the growth rate of the urban air mobility market?

The urban air mobility market is expected to grow at a compound annual growth rate (CAGR) of 34.24% between 2025 and 2034, making it one of the fastest-growing transportation sectors.

Who are the major players in the global urban air mobility market?

Key players in the global UAM market include Joby Aviation, Archer Aviation, Lilium GmbH, Volocopter GmbH, EHang Holdings, Vertical Aerospace, Hyundai Motor Group (Supernal), Boeing (Wisk Aero), Airbus SE, Embraer (Eve Air Mobility), Bell Textron Inc., Beta Technologies, Pipistrel (Textron eAviation), Kitty Hawk, SkyDrive Inc., Autoflight, Ascendance Flight Technologies, Jaunt Air Mobility, Electra Aero, and XTI Aircraft.

What are the main driving factors of the urban air mobility market?

The UAM market is being driven by increasing urban congestion, advancements in eVTOL and autonomous technologies, rising demand for sustainable transport, and strong public-private investments in smart city infrastructure. These factors are positioning UAM as a transformative solution for urban transportation.

Which region will dominate the global urban air mobility market?

North America is expected to dominate the UAM market during 2025–2034, supported by strong investments from aerospace companies, government initiatives, and early adoption in cities such as Los Angeles, Dallas, and New York. Meanwhile, Asia Pacific is projected to grow at the fastest pace, driven by rapid urbanization and government support.

Press Releases

Global Urban Air Mobility Market Set to Soar Past USD 92.6 Billion by 2034, Growing at 34.24% CAGR

September 8, 2025 Rohan 29 Views 3 min read

The global Urban Air Mobility (UAM) market is entering a transformative growth phase, projected to surge from USD 6.54 billion in 2025 to USD 92.60 billion by 2034, expanding at a remarkable CAGR of 34.24%. Valued at USD 4.87 billion in 2024, the sector is poised to redefine urban transportation with electric vertical take-off and landing (eVTOL) aircraft, advanced AI systems, and sustainable propulsion technologies.

Urban Air Mobility Market Statistics

List of Contents

Market Overview

Urban Air Mobility integrates aircraft, infrastructure, and digital ecosystems to create efficient, safe, and sustainable air transportation in urban and peri-urban areas. From air taxis and passenger drones to vertiports and AI-powered air traffic management, the UAM market is becoming a cornerstone of smart city infrastructure and future mobility.

Key Market Insights

Market projected to reach USD 92.6 billion by 2034, up from USD 6.54 billion in 2025.
North America led the market in 2024 with a 40% share, while Asia Pacific is set to grow at the fastest pace.
Air taxis dominated in 2024, but passenger drones are expected to see the highest growth rate.
Piloted systems currently lead operations, though fully autonomous UAM will expand rapidly in the coming decade.
Electric propulsion remains dominant, with hydrogen fuel cells emerging as the fastest-growing propulsion technology.
Ride-sharing and air taxis lead end-use applications, while air ambulance and emergency services show strong future potential.
Vertiports hold the largest share of infrastructure investments, complemented by rapid growth in charging stations.

The Role of Artificial Intelligence

Artificial intelligence is accelerating UAM adoption through:

AI-powered navigation for autonomous operations.
Predictive analytics optimizing flight routes and energy efficiency.
Real-time air traffic management for safety in dense urban airspaces.

This convergence of AI and aviation is enhancing safety, reducing delays, and supporting sustainable, zero-emission air mobility.

Regional Highlights

United States: U.S. UAM market projected to grow from USD 1.36 billion in 2024 to USD 26.44 billion by 2034 at a 34.55% CAGR. Major hubs like Los Angeles, Dallas, and New York are spearheading early adoption.
Asia Pacific: Rapidly urbanizing cities such as Tokyo, Seoul, and Singapore are investing heavily in UAM infrastructure. The region’s leadership in electric propulsion, AI integration, and EV adoption positions it as the fastest-growing market.

Recent Industry Developments

August 2025 – Joby Aviation announced the acquisition of Blade Air Mobility’s helicopter rideshare business for up to USD 125 million, strengthening its position in the U.S. and European aerial mobility markets. (Source: TechCrunch)
August 2025 – India achieved a milestone with 56.75 lakh registered EVs, boosting sustainable mobility adoption and supporting future UAM infrastructure. (Source: Economic Times Auto)
August 2025 – GMR Airports Ltd approved raising up to INR 5,000 crore for infrastructure expansion, highlighting investments in next-gen mobility and airport integration. (Source: New Indian Express)

Future Outlook

The UAM sector is expected to expand beyond passenger transport into logistics, cargo delivery, tourism, defense, and emergency medical services. With growing investments, technological innovations, and regulatory frameworks under development, urban skies will soon become an integral part of global mobility networks.

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Rohan

Principal Consultant at Market Stats Insight

Rohan Patil is a seasoned Healthcare Principal Consultant at Market Stats Insight and Precedence Research, with more than 5 years of experience in market intelligence and strategic insights. Holding a BSc in Biotechnology and an MBA in Marketing, he combines scientific expertise with business acumen to deliver data-driven analysis. Rohan specializes in the medical device sector and closely tracks innovations shaping the future of healthcare. His research helps global clients identify growth opportunities, assess risks, and stay competitive in a rapidly evolving market landscape.