Research And Markets, one of the world's leading sources for international market research reports and market data has published a new report on the urban air mobility market is projected to grow from USD 3.8 billion in 2023 to USD 28.5 billion by 2030, at a CAGR of 33.5% from 2023 to 2030.

Various factors, such as the need for sustainable aviation in urban areas and increasing urban congestion, drive the market for urban air mobility. However, limited regulatory framework and public psychological obstacles involving UAM are limiting the overall growth of the market.

Cargo Air Vehicles: The second largest share in mobility type segment in the urban air mobility market in 2023

The cargo air vehicles segment is projected to have the second-largest share in 2023. Cargo air vehicle manufacturing companies are focusing on the use of aerial cargo vehicles to deliver light and heavy cargo for intercity and intracity deliveries.

The commercial logistics industry uses cargo air vehicles for applications such as inventory management, inventory tracking, parcel delivery, delivery of medical supplies, and food delivery. Thus, the increasing use of cargo air vehicles in commercial logistics is driving the urban air mobility market.

E-commerce Companies: The second largest share in end-user segment in the urban air mobility market in 2023