U.S. Urban Air Mobility Market Is Expected to Increase Growth Steadily By 2026
U.S. Urban Air Mobility Market Is Expected to Increase Growth Steadily By 2026
U.S. Urban Air Mobility Industry at a compound annual growth rate (CAGR) of 23.12% during the forecast period 2023-2035.

The urban air mobility (UAM) market is an attractive and upcoming business model that is not too far off from reality. Urban-centered air transportation is not a new concept in the mobility industry. Use of air taxis through on-demand helicopter services started in the 1970s, in some of the major cities globally, including Boston. With due course of time, the concepts have reached a level of maturity that currently has the potential to change the shape of aviation using efficient, quiet, and quick transportation services through scheduled and on-demand operations. Urban air mobility can serve a wide range of operations that include passenger transportation as well as cargo deliveries through aerial vehicles and drones, respectively.

Read Report Overview: U.S. Urban Air Mobility (UAM) Market

The increasing urban population in most megacities is going to demand an alternate mode of transportation to decrease land traffic congestion, and the best solution for daily commuters is the replacement of existing transportation with aerial transportation. Being a part of the future urban landscape, urban air mobility provides safe, highly automated passenger and cargo-carrying air transportation services in the metropolitan environments for piloted and autonomous aircraft systems. Various companies have been investing directly or indirectly in the urban air mobility industry and have taken numerous initiatives in developing air taxis and personal air vehicles, as well as the necessary infrastructure such as vertiports and unmanned aircraft system traffic management systems for these vehicles to operate safely. Some of the key companies in the urban air mobility market are Acubed by Airbus, Joby Aviation, Jaunt Air Mobility and Kitty Hawk.

Scope of the Study

The anticipated urban air mobility market will require better infrastructure and technology to cater to the demands of the market. The market is expected to grow rapidly with the innovation of electric aircraft that offer longer endurance and higher payload capacity. The new emerging players, as well as the existing companies, are developing next-generation vertical take-off and landing solutions that could benefit from this untapped market potential.

U.S. Urban Air Mobility Market by Range

The 20 km — 100 km Range Segment to Lead U.S. Urban Air Mobility Market during forecast period due to the increase in demand for faster mobility transport for short distances and increasing traffic congestions for daily commuters, the 20 km — 100 km segment is expected to witness huge growth over the next few years. The technological limitations such as a lack of better battery technology and higher noise pollution are currently restricting the other range segments in the industry, but the range of 20 km to 100 km is balancing the factors perfectly and is delivering the most suitable product for the market.

Key Market Players and Competition Synopsis

Acubed-Airbus, Airspace Experience Technologies, Inc., Aurora Flight Sciences, Bell Textron Inc., DELOREAN AEROSPACE, LLC, EVE Air Mobility, Jaunt Air Mobility LLC, Joby Aviation, Kitty Hawk, Opener

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The companies that are profiled in the report have been selected post undergoing in-depth interviews with experts and understanding of the details around companies such as product portfolio, demonstrations, annual revenues, market penetration, research and development initiatives, and key developments in the U.S. urban air mobility market.