Press release
Urban Air Mobility Global Market: Steady Growth, Key Drivers, and Emerging Trends for 2025
Urban Air Mobility Market Size
What Is The Projected Market Size Of The Global Urban Air Mobility Global Market Report 2025 And Its Growth Rate?
Urban Air Mobility (UAM) market has been witnessing exponential growth in the past few years and is projected to continue its upward trajectory as per the following insights:
• Growth from $4.31 billion in 2024 to $5.18 billion in 2025 at a compound annual growth rate (CAGR) of 20.3%.
• The market size is expected to surge to $10.37 billion by 2029, showcasing a CAGR of 18.9%.
The significant growth seen in both the historic and forecast periods can be attributed to urban development and smart city initiatives, infrastructure modernization, demand for time-saving transportation, advancements in electric propulsion systems, and the rise of ride-sharing and mobility services.
What Is Driving The Growth In The Urban Air Mobility Global Market Report 2025?
Rising investments in the UAM market are creating a stimulating environment for its growth. Numerous research and development ventures in the UAM industry have gained traction, with many aerospace companies recognizing the immense growth opportunities in the market. As per the Department for Business, Energy & Industrial Strategy (BEIS) report published in July 2022, drones could potentially contribute approximately $56 billion to the UK economy by 2030, under a 'best-case' adoption scenario. Moreover, net cost savings of around $28 billion could be achieved with a possible reduction in carbon emissions by 2.4 million tons. Hence, this thriving investment scenario in the urban air mobility sector is expected to bolster its demand.
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Who Are the Key Players Driving Urban Air Mobility Global Market Report 2025 Growth?
Some of the major players propelling the growth of the urban air mobility market include
• Hyundai Motor Co
• The Boeing Company
• Lockheed Martin Corporation
• Airbus SE
• Honeywell International Inc.
• Safran SA
• Textron Inc.
• Embraer SA
• Bell Textron Inc.
• Volocopter GmbH, Wisk Aero LLC
• Joby Aero Inc.
• Terra Drone Corp
• Airspace Experience Technologies Inc.
• Jetson Electric Bikes LLC.
• Fortem Technologies Inc.
• Karem Aircraft Inc.
• Urban Aeronautics Ltd.
• SkyDrive Inc.
• Lilium GmbH, EHang Holdings Limited
• Jaunt Air Mobility LLC
• hopFlyt Inc.
• Archer Aviation Inc.
• Opener Inc.
• ElectraFly LLC.
What Are The Key Trends In The Urban Air Mobility Global Market Report 2025?
Major trends influencing the forecast period of the UAM market include:
• Popularity of e-VTOLs
• Evolution of air traffic management solutions
• Focus on noise reduction
• Integration of AI and automation
• Urban infrastructure adaptations
• Enhanced user experience and accessibility
What Are The Segments Of The Global Urban Air Mobility Global Market Report 2025?
The UAM market report covers the market segmented by:
1) Vehicle Type: Piloted, Autonomous
2) Range: Intercity, Intracity
3) End User: Ride Sharing Companies, Scheduled Operators, E-commerce Companies, Hospitals And Medical Agencies, Private Operators
Which Region Leads The Urban Air Mobility Global Market Report 2025?
In 2024, North America stood as the largest region in the UAM market. However, Europe is predicted to be the fastest-growing region in the forecast period. The regions covered in the UAM market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Urban Air Mobility Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Urban Air Mobility Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Urban Air Mobility Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Urban Air Mobility Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Urban Air Mobility Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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