Top 20 Companies in Urban Air Mobility Market In the World in 2025: Market Research Report (2024–2035)
RELEASE DATE: Jul 2025 Author: Spherical InsightsRequest Free Sample Speak to Analyst
Description
According to a research report published by Spherical Insights & Consulting, The Global Urban Air Mobility Market Size is projected to Grow from USD 4.72 Billion in 2024 to USD 94.28 Billion by 2035, at a CAGR of 31.29% during the forecast period 2025–2035. The Global Urban Air Mobility (UAM) market is booming as a result of rising demand for faster, less congested transportation in the face of rapid urbanisation and population increase. Advancements in electric vertical takeoff and landing (eVTOL) technology, supportive government legislation, environmental concerns, and increased investment in sustainable, smart city transportation systems are all major drivers.
Introduction
The global urban air mobility market refers to the use of eVTOL aircraft and drones for passenger and cargo transportation inside and between cities. It provides a speedier, more efficient, and environmentally friendly alternative to vehicle transit, with the goal of reducing congestion and increasing urban connectedness. Urban Air Mobility (UAM) provides a viable solution to urban traffic congestion by enabling faster, more flexible mobility via electric vertical takeoff and landing (eVTOL) vehicles. These eco-friendly aircraft meet the growing demand for sustainable mobility and on-demand services. Technological advancements in electric propulsion, autonomous control, battery energy density, and charging infrastructure are propelling UAM into commercial feasibility. Public-private partnerships, such as Joby Aero's 2024 agreement with Dubai's RTA to provide exclusive air taxi services beginning in 2025, illustrate the market's growth potential and growing global interest in UAM solutions.
Navigate Future Markets with Confidence: Insights from Spherical Insights LLP
The insights presented in this blog are derived from comprehensive market research conducted by Spherical Insights LLP, a trusted advisory partner to leading global enterprises. Backed by in-depth data analysis, expert forecasting, and industry-specific intelligence, our reports empower decision-makers to identify strategic growth opportunities in fast-evolving sectors. Clients seeking detailed market segmentation, competitive landscapes, regional outlooks, and future investment trends will find immense value in the full report. By leveraging our research, businesses can make informed decisions, gain a competitive edge, and stay ahead in the transition toward sustainable and profitable solutions.
Unlock exclusive market insights—Download the Brochure now and dive deeper into the future of the Urban Air Mobility Market.
Urban Air Mobility Market Size & Statistics
- The Market Size for Urban Air Mobility was Estimated to be Worth USD 4.72 Billion in 2024.
- The Market Size is going to Expand at a CAGR of 31.29% between 2025 and 2035.
- The Global Urban Air Mobility Market Size is Anticipated to Reach USD 94.28 Billion by 2035.
- North America is Expected to Generate the highest demand during the forecast period in the Urban Air Mobility market.
- Asia Pacific is Expected to Grow the fastest during the forecast period in the Urban Air Mobility market.
Regional growth and demand
Asia Pacific is expected to grow the fastest during the forecast period in the Urban Air Mobility market.
The urban air mobility sector in the Asia Pacific is projected to experience the highest CAGR during the forecast period, driven by strong government initiatives, strategic partnerships, and advanced technological developments. China leads with major R&D investments and policy support, while Japan and South Korea are preparing for eVTOL deployment during major events like the 2025 Osaka Expo. Singapore is focusing on seamless urban integration of UAM systems. Key applications include air taxis, logistics, and emergency services. Despite regulatory and infrastructure challenges, increasing collaborations and the regional expansion of leading UAM providers with advanced technologies are boosting the market’s potential and long-term outlook.
North America is expected to generate the highest demand during the forecast period in the Urban Air Mobility market.
North America is expected to lead the urban air mobility market from 2024 to 2035. North America dominates the region as a result of its well-established aerospace sector, the presence of important UAM firms, and ongoing government attempts to encourage sustainable mobility. Cities such as Los Angeles and Dallas are emerging as early adopters, with pilot programs and infrastructure construction underway. The Federal Aviation Administration (FAA) is crucial in developing air traffic management and certification requirements, guaranteeing safe UAM incorporation into urban contexts. Applications for eVTOL aircraft include passenger air taxis, cargo transportation, and emergency medical services. With increasing interest from commercial investors and government agencies, North America is poised to dominate UAM adoption and innovation.
Top 10 Urban Air Mobility Trends
- Rise of eVTOL Aircraft
- Public-Private Partnerships
- Smart City Integration
- Focus on Sustainability
- Development of Vertiports
- Advancements in Battery Technology
- Autonomous Flight Capabilities
- Regulatory and Air Traffic Management Evolution
- Emergency and Medical Applications
- Commercialization and Pilot Programs
1. Rise of eVTOL Aircraft
UAM relies heavily on electric vertical take-off and landing (eVTOL) aircraft. These cars are more energy-efficient, quieter, and appropriate for city settings. Leading companies in passenger and cargo transportation development include Joby Aviation, Lilium, and Volocopter.
2. Public-Private Partnerships
Governments partner with private companies to hasten UAM adoption. We see these public-private partnerships helping to develop infrastructure, regulatory frameworks, and pilot programs, like Joby's agreement with Dubai, and Japan's plans for the 2025 Osaka Expo.
3. Smart City Integration
With its emphasis on smooth integration with digital platforms, traffic networks, and public transport, UAM is quickly emerging as a crucial component of smart city development. To make sure UAM integrates with the current urban mobility ecosystems, cities like Singapore are taking the lead.
4. Autonomous Flight Capabilities
AI-based navigation systems and autonomous flight are being developed to increase safety, decrease reliance on pilots, and increase scalability. In the long run, fully autonomous air taxis travelling pre-planned routes are the goal.
5. Development of Vertiports
UAM requires infrastructure like vertiports, which are eVTOL landing and takeoff zones. To accommodate future traffic flow and vehicle operations, businesses and municipalities are investing in scalable, modular vertiport networks.
Empower your strategic planning:
Stay informed with the latest industry insights and market trends to identify new opportunities and drive growth in the urban air mobility market. To explore more in-depth trends, insights, and forecasts, please refer to our detailed report.
Top 10 Companies Leading the Urban Air Mobility Market
- EHang
- Pipistrel Group
- Kitty Hawk
- Workhorse Group Inc.
- Airbus
- Lilium
- Opener
- Volocopter GmbH
- Neva Aerospace
- The Boeing Company
- Others
1. EHang
Headquarters – Guangzhou, China
EHang is an innovator in the field of Urban Air Mobility (UAM), with a focus on eVTOL (autonomous electric vertical takeoff and landing) aircraft. The first passenger-grade pilotless eVTOL to be certified airworthy in China is the EH216-S, the company's flagship model. EHang provides UAM solutions for emergency response, logistics, passenger transportation, and smart city administration. Through global cooperation and continuous research and development in solid-state batteries, EHang is influencing the future of low-altitude aviation and autonomous, sustainable aerial mobility in a number of industries.
2. Pipistrel Group
Headquarters – Ajdovscina, Slovenia
Pipistrel Group is a global is a major participant in the Urban Air Mobility (UAM) industry and a pioneer in electric and hybrid aircraft. Pipistrel, which is now a subsidiary of Textron eAviation, created the Velis Electro, the first electric aircraft in history to receive EASA certification. Additionally, the company creates cutting-edge UAM platforms such as the 801 passenger eVTOL and the Nuuva V300 cargo drone. It works with partners like Honeywell through its research and development branch, Pipistrel Vertical Solutions, to develop autonomous flight systems, sustainable propulsion, and next-generation aviation technology.
3. Kitty Hawk
Headquarters – Palo Alto, California
Kitty Hawk Corporation was a forward-thinking electric aircraft manufacturer with an emphasis on urban air mobility that was established in 2010 by Sebastian Thrun with assistance from Larry Page. Kitty Hawk, best known for its Flyer and Heaviside eVTOL prototypes, flew more than 25,000 Flyers until abandoning the project in 2020 to concentrate on the Heaviside, a single-seat eVTOL. Although Kitty Hawk discontinued operations in 2022, its joint venture with Boeing, Wisk Aero, is still working on developing autonomous eVTOL air taxis, advancing the company's goal of transforming urban air travel.
4. Workhorse Group Inc.
Headquarters – Sharonville, Ohio
Workhorse Group Inc. is a technology business established in the United States that specialises in drone systems and electric delivery trucks. It was established in 2007 and creates the autonomous drone known as the HorseFlyTM unmanned aerial system, which is intended for last-mile package delivery. The HorseFly integrates with Workhorse's electric delivery trucks and has a 10-mile range. It can transport up to 10 pounds. The business has started logistical and medical delivery pilot programs and is actively working towards FAA certification. With its electric and airborne platforms, Workhorse hopes to transform last-mile transportation sustainably and effectively.
5. Neva Aerospace
Headquarters – Brighton, United Kingdom
Neva Aerospace is a European collaboration that specialises in heavy-duty UAVs and Air Utility Vehicles (AUVs) for industrial and urban air mobility applications. Neva was established in 2009 and created proprietary electric turbofan (ETF) technology that allowed for efficient linear flying and vertical takeoff and landing. The AirQuadOne, its flagship model, is capable of carrying up to 100 kg and is intended for both human and unmanned operations, such as infrastructure inspection and logistics. Neva is committed to developing sustainable aerial systems and electric propulsion for both commercial and defence industries, and it has R&D and turbine production facilities in France.
Are you ready to discover more about the Urban Air Mobility market?
The report provides an in-depth analysis of the leading companies operating in the global urban air mobility market. It includes a comparative assessment based on their product portfolios, business overviews, geographical footprint, strategic initiatives, market segment share, and SWOT analysis. Each company is profiled using a standardized format that includes:
Company Profiles
- EHang
- Business Overview
- Company Snapshot
- Products Overview
- Company Market Share Analysis
- Company Coverage Portfolio
- Financial Analysis
- Recent Developments
- Merger and Acquisitions
- SWOT Analysis
- Pipistrel Group
- Kitty Hawk
- Workhorse Group Inc.
- Airbus
- Lilium
- Opener
- Volocopter GmbH
- Neva Aerospace
- The Boeing Company
- Others
Conclusion
The global Urban Air Mobility (UAM) market is expected to expand significantly, driven by rapid urbanisation, increased traffic congestion, and developments in electric and autonomous aircraft technology. Companies such as EHang, Volocopter, Joby Aviation, and Lilium are driving innovation by developing eVTOL aircraft for passenger transportation, cargo, and emergency services. Government assistance, public-private partnerships, and infrastructure development, such as vertiports, are facilitating a smoother transition. As sustainability and smart city efforts gain traction, significant investments in battery technology, air traffic management, and regulatory alignment will be key to creating a scalable, safe, and sustainable global UAM ecosystem.
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
CONTACT US:
For More Information on Your Target Market, Please Contact Us Below:
Phone: +1 303 800 4326 (the U.S.)
Phone: +91 90289 24100 (APAC)
Email: inquiry@sphericalinsights.com, sales@sphericalinsights.com
Contact Us: https://www.sphericalinsights.com/contact-us
Need help to buy this report?