Urban Air Mobility Market to Reach USD 69.83 Billion by 2040, Driven by eVTOL Commercialization and Vertiport Infrastructure Development - Mordor Intelligence

Mordor Intelligence has published a new report on the Urban air mobility market offering a comprehensive analysis of trends, growth drivers, and future projections.
Introduction

The Urban Air Mobility Market size [https://www.mordorintelligence.com/industry-reports/urban-air-mobility-uam-market?utm_source=abnewswire] is poised for transformational expansion, growing from an estimated USD 6.07 billion in 2026 to USD 69.83 billion by 2040, registering a CAGR of 21.45% during the forecast period. This growth is driven by rapid advancements in electric vertical takeoff and landing (eVTOL) aircraft, improvements in battery energy density, and increasing regulatory clarity supporting pilot programs and early commercialization. Investments in vertiport infrastructure, air traffic management, and fleet financing models are accelerating ecosystem readiness. Early demand is concentrated in intracity passenger transport, while emergency medical services and cargo applications are emerging as high-growth segments based on the latest Urban Air Mobility Market analysis.

Key Trends in the Urban Air Mobility Market

The following Urban Air Mobility Market analysis highlights trends shaping industry evolution and adoption:

Progress Toward eVTOL Certification: Aircraft manufacturers are advancing piloted eVTOL certification programs, enabling near-term commercial deployment while autonomous platforms mature.

Battery and Propulsion Technology Improvements: Advances in battery energy density and hybrid-electric propulsion are extending range, payload capability, and operational flexibility.

Vertiport and Infrastructure Development: Public-private partnerships and municipal initiatives are accelerating vertiport construction, supporting scalable UAM network deployment.

Regulatory Sandbox Frameworks: Phased certification and sandbox programs are reducing commercialization risks while allowing real-world operational trials.

Rising Demand for Time-Sensitive Urban Transport: Urban congestion and travel-time unpredictability are increasing demand for premium air mobility solutions across passenger and emergency use cases.

Market Segmentation

By Vehicle Type

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Piloted

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Autonomous

Piloted aircraft accounted for the largest Urban Air Mobility Market share in 2026, while autonomous platforms are expected to record the fastest growth over the forecast period.

By Propulsion Type

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Fully Electric

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Hybrid Electric

Fully electric aircraft dominated early deployments, while hybrid-electric platforms are gaining adoption for extended-range missions.

By Range

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Intracity

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Intercity

Intracity routes represented the largest share of the Urban Air Mobility Market due to shorter mission profiles and higher vertiport density.

By Application

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Passenger Transport

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Cargo & Logistics

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Emergency Medical Services

Passenger transport led the market in 2026, while emergency medical services are projected to grow at the highest CAGR.

By Geography

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North America

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Europe

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Asia-Pacific

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Rest of the World

North America held the leading Urban Air Mobility Market share in 2026, supported by regulatory engagement and private investment. Asia-Pacific is expected to register the fastest growth, driven by smart city initiatives and low-altitude economy programs.

Major Players

The Urban Air Mobility Market remains moderately concentrated, with key players focusing on aircraft certification, ecosystem partnerships, and infrastructure integration. Major companies include:

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Joby Aviation

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Archer Aviation

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Lilium GmbH

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Volocopter GmbH

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EHang Holdings Limited

These companies are prioritizing scalable manufacturing, regulatory approvals, and strategic alliances to strengthen competitive positioning.

Conclusion

The Urban Air Mobility Market forecast [https://www.mordorintelligence.com/industry-reports/urban-air-mobility-uam-market?utm_source=abnewswire] indicates rapid expansion through 2040, supported by eVTOL commercialization, infrastructure investment, and rising urban congestion. While piloted aircraft will dominate early operations, autonomous platforms represent a substantial long-term opportunity. North America maintains market leadership, while Asia-Pacific emerges as a high-growth region. Companies that successfully align technology development, regulatory compliance, and vertiport ecosystems are best positioned to capture future growth opportunities in the global Urban Air Mobility Market.

Industry Related Reports

Air Traffic Management Market: [https://www.mordorintelligence.com/industry-reports/air-traffic-management-market?utm_source=abnewswire] The Air Traffic Management Market report is segmented by domain (air traffic control, air traffic flow and capacity management, aeronautical information management, and others), component (hardware, software, and services), application (communication, navigation, surveillance, and others), end use (commercial aviation and others), and geography (North America, Europe, and other regions). Market forecasts are presented in terms of value (USD).

Air Traffic Control Equipment Market: [https://www.mordorintelligence.com/industry-reports/air-traffic-control-equipment-market?utm_source=abnewswire] The Air Traffic Control Equipment Market report is segmented by equipment type (communication equipment, navigation equipment, and others), end user (commercial and military), airport type (brownfield and greenfield), investment category (new installations and modernization/upgradation), and geography (North America, Europe, Asia-Pacific, South America, and other regions). Market forecasts are provided in terms of value (USD).

About Mordor Intelligence

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals.

With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape. This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

For any inquiries or to access the full report, please contact:

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