NEW YORK, July 28, 2023 /PRNewswire/ — The urban air mobility market size is expected to grow by USD 5,280.25 million from 2022 to 2027. The market will be progressing at a CAGR of 27.5% as per the latest Technavio market research report. North America is estimated to account for 48% of the growth of the global market during the forecast period. The growth in the region can be attributed to factors such as the growth of e-retailing, the focus on segment-specific service offerings, and the adoption of the premium delivery service model. Online purchases which are usually delivered to customers’ doorsteps drive the demand for last-mile delivery services. Purchases delivered using last-mile delivery services are increasingly preferred to physical shopping by many consumers due to the convenience and time-saving benefits. A massive disruption in supply chains led to consumers spending less time in offline stores and more time in online stores. Thus, impacting the growth of the market in focus positively. For more insights on the market share of various regions- Download sample report in MINUTES
Technavio has announced its latest market research report titled Global Urban Air Mobility Market 2023-2027
Urban Air Mobility Market: Market Dynamics
Increasing use of eVTOL aircraft in military applications to drive growth
The increasing use of eVTOL aircraft in military applications notably drives market growth. Urban air mobility is growingly seen as a future option for affordable, rapid, and sustainable travel, addressing both congestion and environmental issues faced by modern cities.
Advances in technology encourage more than 120 startups and aerospace companies to develop urban air mobility vehicles known as eVTOLs (electric vertical take-off and landing vehicles). The electric vertical take-off and landing (eVTOL) aircraft have multiple benefits in the military because of their freedom to operate from anywhere, options to fly manually or autonomously, reduced noise levels, and elimination of the need for runways. Hence, the above-mentioned factors boost the growth of the global urban air mobility (UAM) market during the forecast period.
Technological Advancements to be a major trend
The major trend in the urban air mobility (UAM) market is the growing adoption of technological innovations. Large packages or goods need to be collected directly by the customer and not outside homes because of their high value. This poses a challenge for delivery services companies. Hence, delivery providers provide their customers with web and mobile-based last-mile delivery management applications to manage the delivery schedule of large or heavy cargo or packages.
Furthermore, these applications allow options like the real-time management of package delivery and electronic rescheduling and alert the customer in the case of delays due to inclement weather or traffic issues through email, electronic messages, or voice calls. Therefore, technological advances are expected to positively influence the growth of the (UAM) market during the forecast period.
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Some of the key Urban Air Mobility Market Players:
The urban air mobility market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Airbus SE, Archer Aviation Inc., Bartini Inc., EHang Holdings Ltd., Embraer SA, Geely Auto Group, Honeywell International Inc., Joby Aviation Inc., Kitty Hawk Corp., Lilium GmbH, Lockheed Martin Corp., Moller International, Moog Inc., Raytheon Technologies Corp., The Boeing Co., Volocopter GmbH, Wingcopter GmbH, Wisk Aero LLC, Workhorse Group Inc., and Textron Inc.
What’s New?
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints – Strong/Active/Niche/Trivial – Buy the report!
Urban Air Mobility Market: Segmentation Analysis
Technavio has segmented the market based on type (autonomous and piloted), application (delivery and passenger mobility), and geography (North America, Europe, APAC, Middle East and Africa, and South America).
The autonomous segment will be significant for the market growth during the forecast period. Autonomous urban air mobility refers to the use of unmanned aerial vehicles or drones for transportation in urban environments, aiming to provide cities with a safe, efficient, and sustainable air transportation option by reducing traffic congestion and increasing mobility. The concept of self-driving/autonomous urban air mobility is still in its early stages of development. Its widespread adoption depends on overcoming the technical and regulatory hurdles. However, the market for autonomous aircraft is anticipated to grow, creating opportunities for investors and benefiting a variety of sectors along the way.
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Urban Air Mobility Market Scope |
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Report Coverage |
Details |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 27.5% |
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Market growth 2023-2027 |
USD 5,280.25 million |
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Market structure |
Fragmented |
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YoY growth 2022-2023 (%) |
23.78 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 48% |
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Key countries |
US, China, Germany, UK, and France |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Airbus SE, Archer Aviation Inc., Bartini Inc., EHang Holdings Ltd., Embraer SA, Geely Auto Group, Honeywell International Inc., Joby Aviation Inc., Kitty Hawk Corp., Lilium GmbH, Lockheed Martin Corp., Moller International, Moog Inc., Raytheon Technologies Corp., The Boeing Co., Volocopter GmbH, Wingcopter GmbH, Wisk Aero LLC, Workhorse Group Inc., and Textron Inc. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
1.1 Market overview
Exhibit 01: Executive Summary – Chart on Market Overview
Exhibit 02: Executive Summary – Data Table on Market Overview
Exhibit 03: Executive Summary – Chart on Global Market Characteristics
Exhibit 04: Executive Summary – Chart on Market by Geography
Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
Exhibit 07: Executive Summary – Chart on Incremental Growth
Exhibit 08: Executive Summary – Data Table on Incremental Growth
Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics
3 Market Sizing
3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
4.1 Global urban air mobility market 2017 – 2021
Exhibit 18: Historic Market Size – Data Table on Global urban air mobility market 2017 – 2021 ($ million)
4.2 Type Segment Analysis 2017 – 2021
Exhibit 19: Historic Market Size – Type Segment 2017 – 2021 ($ million)
4.3 Application Segment Analysis 2017 – 2021
Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ million)
4.4 Geography Segment Analysis 2017 – 2021
Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
4.5 Country Segment Analysis 2017 – 2021
Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
5.1 Five forces summary
Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by Type
6.1 Market segments
Exhibit 30: Chart on Type – Market share 2022-2027 (%)
Exhibit 31: Data Table on Type – Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 32: Chart on Comparison by Type
Exhibit 33: Data Table on Comparison by Type
6.3 Autonomous – Market size and forecast 2022-2027
Exhibit 34: Chart on Autonomous – Market size and forecast 2022-2027 ($ million)
Exhibit 35: Data Table on Autonomous – Market size and forecast 2022-2027 ($ million)
Exhibit 36: Chart on Autonomous – Year-over-year growth 2022-2027 (%)
Exhibit 37: Data Table on Autonomous – Year-over-year growth 2022-2027 (%)
6.4 Piloted – Market size and forecast 2022-2027
Exhibit 38: Chart on Piloted – Market size and forecast 2022-2027 ($ million)
Exhibit 39: Data Table on Piloted – Market size and forecast 2022-2027 ($ million)
Exhibit 40: Chart on Piloted – Year-over-year growth 2022-2027 (%)
Exhibit 41: Data Table on Piloted – Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 42: Market opportunity by Type ($ million)
7 Market Segmentation by Application
7.1 Market segments
Exhibit 43: Chart on Application – Market share 2022-2027 (%)
Exhibit 44: Data Table on Application – Market share 2022-2027 (%)
7.2 Comparison by Application
Exhibit 45: Chart on Comparison by Application
Exhibit 46: Data Table on Comparison by Application
7.3 Delivery – Market size and forecast 2022-2027
Exhibit 47: Chart on Delivery – Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Delivery – Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Delivery – Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Delivery – Year-over-year growth 2022-2027 (%)
7.4 Passenger mobility – Market size and forecast 2022-2027
Exhibit 51: Chart on Passenger mobility – Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on Passenger mobility – Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on Passenger mobility – Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on Passenger mobility – Year-over-year growth 2022-2027 (%)
7.5 Market opportunity by Application
Exhibit 55: Market opportunity by Application ($ million)
8 Customer Landscape
8.1 Customer landscape overview
Exhibit 56: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
9.1 Geographic segmentation
Exhibit 57: Chart on Market share by geography 2022-2027 (%)
Exhibit 58: Data Table on Market share by geography 2022-2027 (%)
9.2 Geographic comparison
Exhibit 59: Chart on Geographic comparison
Exhibit 60: Data Table on Geographic comparison
9.3 North America – Market size and forecast 2022-2027
Exhibit 61: Chart on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 62: Data Table on North America – Market size and forecast 2022-2027 ($ million)
Exhibit 63: Chart on North America – Year-over-year growth 2022-2027 (%)
Exhibit 64: Data Table on North America – Year-over-year growth 2022-2027 (%)
9.4 Europe – Market size and forecast 2022-2027
Exhibit 65: Chart on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 66: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
Exhibit 67: Chart on Europe – Year-over-year growth 2022-2027 (%)
Exhibit 68: Data Table on Europe – Year-over-year growth 2022-2027 (%)
9.5 APAC – Market size and forecast 2022-2027
Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 (%)
Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 (%)
9.6 Middle East and Africa – Market size and forecast 2022-2027
Exhibit 73: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 74: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
Exhibit 75: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
Exhibit 76: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
9.7 South America – Market size and forecast 2022-2027
Exhibit 77: Chart on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 78: Data Table on South America – Market size and forecast 2022-2027 ($ million)
Exhibit 79: Chart on South America – Year-over-year growth 2022-2027 (%)
Exhibit 80: Data Table on South America – Year-over-year growth 2022-2027 (%)
9.8 US – Market size and forecast 2022-2027
Exhibit 81: Chart on US – Market size and forecast 2022-2027 ($ million)
Exhibit 82: Data Table on US – Market size and forecast 2022-2027 ($ million)
Exhibit 83: Chart on US – Year-over-year growth 2022-2027 (%)
Exhibit 84: Data Table on US – Year-over-year growth 2022-2027 (%)
9.9 China – Market size and forecast 2022-2027
Exhibit 85: Chart on China – Market size and forecast 2022-2027 ($ million)
Exhibit 86: Data Table on China – Market size and forecast 2022-2027 ($ million)
Exhibit 87: Chart on China – Year-over-year growth 2022-2027 (%)
Exhibit 88: Data Table on China – Year-over-year growth 2022-2027 (%)
9.10 Germany – Market size and forecast 2022-2027
Exhibit 89: Chart on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 90: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
Exhibit 91: Chart on Germany – Year-over-year growth 2022-2027 (%)
Exhibit 92: Data Table on Germany – Year-over-year growth 2022-2027 (%)
9.11 UK – Market size and forecast 2022-2027
Exhibit 93: Chart on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 94: Data Table on UK – Market size and forecast 2022-2027 ($ million)
Exhibit 95: Chart on UK – Year-over-year growth 2022-2027 (%)
Exhibit 96: Data Table on UK – Year-over-year growth 2022-2027 (%)
9.12 France – Market size and forecast 2022-2027
Exhibit 97: Chart on France – Market size and forecast 2022-2027 ($ million)
Exhibit 98: Data Table on France – Market size and forecast 2022-2027 ($ million)
Exhibit 99: Chart on France – Year-over-year growth 2022-2027 (%)
Exhibit 100: Data Table on France – Year-over-year growth 2022-2027 (%)
9.13 Market opportunity by geography
Exhibit 101: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 102: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends
11 Vendor Landscape
11.1 Overview
11.2 Vendor landscape
Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 104: Overview on factors of disruption
11.4 Industry risks
Exhibit 105: Impact of key risks on business
12 Vendor Analysis
12.1 Vendors covered
Exhibit 106: Vendors covered
12.2 Market positioning of vendors
Exhibit 107: Matrix on vendor position and classification
12.3 Airbus SE
Exhibit 108: Airbus SE – Overview
Exhibit 109: Airbus SE – Business segments
Exhibit 110: Airbus SE – Key news
Exhibit 111: Airbus SE – Key offerings
Exhibit 112: Airbus SE – Segment focus
12.4 Archer Aviation Inc.
Exhibit 113: Archer Aviation Inc. – Overview
Exhibit 114: Archer Aviation Inc. – Product / Service
Exhibit 115: Archer Aviation Inc. – Key offerings
12.5 EHang Holdings Ltd.
Exhibit 116: EHang Holdings Ltd. – Overview
Exhibit 117: EHang Holdings Ltd. – Product / Service
Exhibit 118: EHang Holdings Ltd. – Key news
Exhibit 119: EHang Holdings Ltd. – Key offerings
12.6 Embraer SA
Exhibit 120: Embraer SA – Overview
Exhibit 121: Embraer SA – Business segments
Exhibit 122: Embraer SA – Key offerings
Exhibit 123: Embraer SA – Segment focus
12.7 Geely Auto Group
Exhibit 124: Geely Auto Group – Overview
Exhibit 125: Geely Auto Group – Product / Service
Exhibit 126: Geely Auto Group – Key offerings
12.8 Honeywell International Inc.
Exhibit 127: Honeywell International Inc. – Overview
Exhibit 128: Honeywell International Inc. – Business segments
Exhibit 129: Honeywell International Inc. – Key news
Exhibit 130: Honeywell International Inc. – Key offerings
Exhibit 131: Honeywell International Inc. – Segment focus
12.9 Joby Aviation Inc.
Exhibit 132: Joby Aviation Inc. – Overview
Exhibit 133: Joby Aviation Inc. – Product / Service
Exhibit 134: Joby Aviation Inc. – Key offerings
12.10 Kitty Hawk Corp.
Exhibit 135: Kitty Hawk Corp. – Overview
Exhibit 136: Kitty Hawk Corp. – Product / Service
Exhibit 137: Kitty Hawk Corp. – Key offerings
12.11 Lilium GmbH
Exhibit 138: Lilium GmbH – Overview
Exhibit 139: Lilium GmbH – Product / Service
Exhibit 140: Lilium GmbH – Key offerings
12.12 Lockheed Martin Corp.
Exhibit 141: Lockheed Martin Corp. – Overview
Exhibit 142: Lockheed Martin Corp. – Business segments
Exhibit 143: Lockheed Martin Corp. – Key news
Exhibit 144: Lockheed Martin Corp. – Key offerings
Exhibit 145: Lockheed Martin Corp. – Segment focus
12.13 Textron Inc.
Exhibit 146: Textron Inc. – Overview
Exhibit 147: Textron Inc. – Business segments
Exhibit 148: Textron Inc. – Key news
Exhibit 149: Textron Inc. – Key offerings
Exhibit 150: Textron Inc. – Segment focus
12.14 Volocopter GmbH
Exhibit 151: Volocopter GmbH – Overview
Exhibit 152: Volocopter GmbH – Product / Service
Exhibit 153: Volocopter GmbH – Key offerings
12.15 Wingcopter GmbH
Exhibit 154: Wingcopter GmbH – Overview
Exhibit 155: Wingcopter GmbH – Product / Service
Exhibit 156: Wingcopter GmbH – Key offerings
12.16 Wisk Aero LLC
Exhibit 157: Wisk Aero LLC – Overview
Exhibit 158: Wisk Aero LLC – Product / Service
Exhibit 159: Wisk Aero LLC – Key offerings
12.17 Workhorse Group Inc.
Exhibit 160: Workhorse Group Inc. – Overview
Exhibit 161: Workhorse Group Inc. – Product / Service
Exhibit 162: Workhorse Group Inc. – Key offerings
13 Appendix
13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 163: Inclusions checklist
Exhibit 164: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 165: Currency conversion rates for US$
13.4 Research methodology
Exhibit 166: Research methodology
Exhibit 167: Validation techniques employed for market sizing
Exhibit 168: Information sources
13.5 List of abbreviations
Exhibit 169: List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
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SOURCE Technavio