Urban Air Mobility (UAM) Market to hit US$ 54.03 billion by 2032 | Top 5 Companies are Eve Holding, Inc., Vertical Aerospace, Textron Inc., Joby Aero, Inc., Embraer Group

Urban Air Mobility Market Size reached US$ 4.84 billion in 2024 and is expected to reach US$ 54.03 billion by 2032, growing with a CAGR of 35.20% during the forecast period 2025-2032.

DataM Intelligence unveils its latest report on the "Urban Air Mobility Market Size 2025," offering an in-depth analysis of market trends, growth drivers, competitive landscape, and regional dynamics. The study covers market size in value and volume, CAGR forecasts, and emerging opportunities that can guide businesses in seizing growth potential and crafting winning strategies. Packed with data-driven insights on current developments and future trends, this report is essential for companies aiming to stay ahead in the competitive Market.

the UAM market saw major investor interest, raising nearly US$ 1 billion - including US$ 590 million from Toyota's investment in Joby Aviation and US$ 650 million from EHang's IPO underscoring its rise as a next-generation mobility solution.

As urban populations expand, existing transport infrastructure struggles to handle peak-hour demand. In 2013, Germany, the US, France, and the UK spent around US$ 200 billion on traffic congestion management a figure projected to reach US$ 293 billion by 2030.

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Latest M&A in Urban Air Mobility

On August 4, 2025, Joby Aviation announced the acquisition of Blade Air Mobility's passenger business for up to $125 million (in cash or Joby stock). This major transaction integrates Blade's operational network with Joby's eVTOL technology, creating a vertically integrated UAM operator.

The deal gives Joby Aviation direct access to Blade's 12 urban terminals (notably in New York, New Jersey, and key European locations) and a tested customer base, reportedly over 50,000 passengers in 2024.

The transaction represents a strategic shift from pure eVTOL manufacturing to owning both assets and operational infrastructure, accelerating commercialization via synergies in infrastructure, customer acquisition, and regulatory knowledge. The structure includes an earnout with $35M in contingent consideration tied to performance milestones and retention of key Blade staff

List of Top Key Player:

Airbus, Lilium GmbH, Guangzhou EHang Intelligent Technology Co. Ltd, Eve Holding, Inc., Vertical Aerospace, Textron Inc., Joby Aero, Inc., Embraer Group, Hyundai Motor Company, Archer Aviation Inc.

Industry Developments:

In June 2024, Lilium GmbH partnered with Bao'an District in China to strengthen its presence in the Greater Bay Area, leveraging local infrastructure, regulatory support, and market expertise for future eVTOL expansion across Asia-Pacific.

In the same month, EHang achieved the first autonomous air taxi flight of its EH216-S eVTOL in Mecca, Saudi Arabia, in collaboration with Front End Limited Company, showcasing the potential of pilotless air mobility in regional transport.

Earlier, in April 2024, Joby Aero, Inc. signed an MoU with Abu Dhabi's DED, DMT, and DCT to develop air taxi services in the UAE capital, marking a key step toward commercial eVTOL deployment in the Middle East.

Forecast Projection:

The Global Urban Air Mobility Market is poised for significant growth between 2025 and 2032. In 2024, the market maintained a steady upward trajectory, and with strategic initiatives by leading players accelerating adoption, the market is expected to soar throughout the forecast period. Companies leveraging these trends are well-positioned to capture emerging opportunities and maximize revenue potential.

Market Intelligence Research Process:

The Urban Air Mobility Market research report by DataM Intelligence combines primary and secondary data to deliver deep, actionable insights. It examines the full spectrum of factors shaping the industry, from government regulations and market conditions to competitive dynamics, historical trends, technological breakthroughs, upcoming innovations, and potential challenges. This comprehensive analysis not only highlights growth prospects but also identifies barriers, equipping businesses to navigate market volatility and capitalize on emerging opportunities.

Latest News & Market Developments

South Korea completed the first phase of UAM airspace/safety demonstrations in Incheon (October 2025), with Korean Air partnering on UAM ecosystem development and plans to commercialize Archer Aviation's Midnight eVTOL, starting with government contracts and expanding to additional uses.​

The Dubai Airshow 2025 highlighted live eVTOL demos and announced the world's first commercial eVTOL air taxi service launch in Abu Dhabi. Regulatory frameworks in the US, Europe, South Korea, UAE, India, and Brazil are advancing, with large-scale pilots and vertiport infrastructure development active in 2025.​

Policy updates: India's Directorate General of Civil Aviation formed technical committees to develop an air taxi roadmap for initial launches in major metros from 2026.​

Expo highlight: The Urban Air Mobility Expo 2025 (Greater Noida, India) gathered global stakeholders around technologies such as eVTOLs, drones, and UAVs, indicating strong governmental and private sector momentum in Asia

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Key Segmentation:

By Component: Hardware, Software

By Type: Air Taxis, Air Metros & Air Shuttles, Personal Air Vehicles, Cargo Air Vehicles, Air Ambulances & Medical Emergency Vehicles, Last-Mile Delivery Vehicles, Others

By Maximum Take-off Weight: Less Than 100 Kg, 100 - 300 Kg, Greater Than 300 Kg

By Propulsion: Gasoline, Electric, Hybrid

By Operation: Remotely Piloted, Fully Autonomous, Hybrid

By Application: Passenger Transport (Air Taxis) , Cargo Transport / Last-Mile Delivery, Emergency & Medical Services, Inspection & Surveillance, Private/Corporate Transport, Airport Shuttle Services, Tourism & Sightseeing Flights, Others

By End-user: Private Operators, Military & Defense, Government & Municipal Authorities, Emergency Medical Services (EMS), Logistics & Delivery Companies, Others

Global Growth Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1 - Market Overview: Kickstarts the report with a comprehensive snapshot of the Urban Air Mobility Market, summarizing key segments by region, product type, and application. Highlights include market size, segment growth potential, and short- & long-term industry outlook.

Chapter 2 - Emerging Trends: Uncovers the game-changing trends and high-impact innovations shaping the future of the industry.

Chapter 3 - Competitive Landscape: Offers a deep dive into market competition, detailing revenue shares, strategic initiatives, and recent mergers & acquisitions.

Chapter 4 - Top Player Profiles: Features detailed company profiles, covering revenue, profit margins, product lines, and major milestones for leading market players.

Chapters 5 & 6 - Regional & Country Analysis: Breaks down revenue performance across global regions, providing insights on market sizes, opportunities, and growth prospects worldwide.

Chapter 7 - Segmentation Analysis: Explores market segmentation by type, revealing high-potential categories and guiding businesses towards lucrative areas.

Chapter 8 - Application Insights: Examines downstream markets and identifies promising sectors for expansion, showing how different applications are driving growth.

Chapter 9 - Supply Chain Mapping: Maps the entire industry supply chain, highlighting upstream and downstream activities for a holistic market perspective.

Chapter 10 - Key Takeaways: Concludes with critical insights and actionable strategies, equipping stakeholders to make informed decisions and stay ahead in the market.

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FAQ's

Q1: How large is the Urban Air Mobility Market?

Ans: The Urban Air Mobility Market size was valued at USD$ 4.84 billion in 2024 and is projected to grow to USD $ 54.03 billion by 2032.

Q2: How quickly is the Urban Air Mobility Market expanding?

Ans: The Urban Air Mobility Market is forecasted to grow at a CAGR of % between 2024 and 2031, showing strong growth momentum

Q3: Which regions are dominating the Urban Air Mobility Market and which are fastest-growing?

Ans: North America dominating the Urban Air Mobility market.

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Recent Product Launches and Innovations

EHang Holdings launched the VT35, an autonomous, long-range pilotless eVTOL aircraft, expanding its product line for cross-sea, intercity, and mountainous routes. The VT35 features improved range, autonomous capabilities, and electric propulsion, and debuted publicly in Hefei, China in October 2025.​

Eve Air Mobility finalized a $250 million contract with Brazil's Revo for eVTOL aircraft delivery, with a large pre-order for 2026.​

Eve also announced Halo as a launch partner, confirming a 200-unit eVTOL order for delivery starting 2026, further signaling product commercialization.​

At the 2025 CIIE in China, VERTAXI/Yufeng Future debuted the five-seat M1 eVTOL air taxi, a new entry in the competitive Asian UAM space.

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