The Urban Air Mobility (UAM) market is expected to jump from USD 3.10 Billion in 2023 to USD 15.54 Billion in 2030, at a CAGR of 25.9%, according to the company specialized in market research Reports And Data.
The study shows that this industry is still at an nascent stage, but growth should be very fast once the first eVTOLs demonstrate that they are capable of transporting people safely and quickly.
This market is expected to become viable in 2028, with a revenue generation of USD 0.9 billion in the first year, when approximately 4,100 eVTOLs should be in operation. In two years, the forecast is that there will be a significant jump, reaching 23,000 vehicles in 2030.
According to Reports And Data, the United States should lead the Urban Air Mobility market in the early years, where there is potential demand for 55,000 daily eVTOLs trips, which would be served by about 4,000 aircraft. The annual American market value is estimated to be around USD 2.5 Billion at the beginning of the operation.
Europe should also stand out, especially because a significat number of the eVTOL manufacturers are located in the region, and still rely on robust investments from traditional groups, such as Airbus, and from companies that were created specifically to develop vehicles, such as Lilium.