Urban Air Mobility Market Poised to Hit $10.37 Billion by 2029 with Accelerating Growth Trends

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Urban Air Mobility Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The size of the urban air mobility market has seen significant expansion in the past few years. It is projected to increase from $4.31 billion in 2024 to a whopping $5.18 billion in 2025, with an estimated compound annual growth rate (CAGR) of 20.3%. Factors such as urban growth and the launching of smart city projects, infrastructure updates, the need for faster transportation solutions, developments in electric propulsion systems, and the emergence of ride-sharing and mobility services have all contributed to its growth during the historical period.

Urban Air Mobility Market Size Forecast: What's the Projected Valuation by 2029?
Over the coming years, the urban air mobility market is predicted to experience significant expansion. It is projected to reach a market value of $10.37 billion by 2029, with a compound annual growth rate (CAGR) of 18.9%. The expected growth throughout this period can be tied to factors such as operations and safety measures powered by data analytics, investment and funding opportunities, the public's acceptance and perception, the increasing demand for aerial ride-sharing services, and infrastructure growth for vertiports. The expected trends within this period include the rising popularity of e-VTOLs, solutions for air traffic management, an emphasis on noise reduction, the integration of AI and automation, adjustments to urban infrastructure, as well as enhancements to user experience and accessibility.

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What Are the Drivers Transforming the Urban Air Mobility Market?
The urban air mobility market is predicted to experience a surge in demand due to increasing investment. A lot of research and development investment is flowing into the urban air mobility sector as numerous aerospace firms recognize its robust growth potential. For example, a BEIS report issued in July 2022 projected that under an optimal adoption scenario, drones could add nearly $56 billion to the UK's economy by 2030. This projection assumes more than 900,000 drones would be operating in the UK airspace. It also predicted potential net savings of about $28 billion and a reduction of 2.4 million tons in carbon emissions. This influx of investment in the urban air mobility market is forecast to stimulate its demand.

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What Long-Term Trends Will Define the Future of the Urban Air Mobility Market?
Key players in the urban air mobility market are concentrating their efforts on creating innovative offerings such as the vertiport management system in order to boost their market profitability. A Vertiport Management System (VMS), in the context of Urban Air Mobility (UAM), is a wide-ranging framework that governs facilities specifically designed for vertical takeoff and landing (VTOL) aircraft, such as eVTOL vehicles and drones. This system integrates infrastructure, technologies, and procedures for effective operation. For example, ANRA Technologies, an American firm that offers all-in-one solutions for drone operators and airspace administration, introduced the Vertiport Management System (VMS) in November 2023. The VMS, a versatile online platform, addresses a crucial digital technology gap in the supervision of vertical takeoff and landing air mobility aircraft at vertiports. The microservice architecture of VMS is adaptable to multiple vertiport designs, compatible with all aircraft, and integrates smoothly with existing air traffic control systems. The airspace management services provided by ANRA allow UAM operators to handle their whole flight process efficiently using a comprehensive set of tools. With intelligent data exchange, the VMS is instrumental in ensuring the safe arrival and departure of UAM aircraft.

Which Segments in the Urban Air Mobility Market Offer the Most Profit Potential?
The urban air mobility market covered in this report is segmented -

1) By Vehicle Type: Piloted, Autonomous
2) By Range: Intercity, Intracity
3) By End User: Ride Sharing Companies, Scheduled Operators, E-commerce Companies, Hospitals And Medical Agencies, Private Operators

Subsegments:
1) By Piloted: Manned Air Taxis, Air Ambulances
2) By Autonomous: Fully Autonomous Air Taxis, Delivery Drones

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Which Firms Dominate the Urban Air Mobility Market by Market Share and Revenue in 2025?
Major companies operating in 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.

Which Regions Offer the Highest Growth Potential in the Urban Air Mobility Market?
North America was the largest region in the urban air mobility market in 2024. Europe is expected to be the fastest growing region in the forecast period. The regions covered in the urban air mobility market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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