Urban Air Mobility market seen reaching $30.7 billion by 2031

Allied Market Research says the urban air mobility market is set to grow from $2.3 billion in 2021 to $30.7 billion by 2031, driven by eVTOL development, air-taxi use cases, and interest in cleaner urban transport. The report points to Asia-Pacific as the leading region and autonomous operations as the fastest-growing platform-operation segment. Why it matters: - Urban air mobility is moving from concept to a transportation option for people and cargo in congested cities. - The market expansion suggests growing demand for new first- and last-mile travel options that can reduce road congestion and shorten trip times. - The report also points to a shift toward electric, vertical takeoff aircraft as a new category in urban transport. What happened: - Allied Market Research published a new report on the global urban air mobility market on June 18, 2026. - The report values the market at $2.3 billion in 2021 and projects $30.7 billion by 2031. - The forecast implies a 30.2% compound annual growth rate from 2022 to 2031. - The report says autonomous operations will be the fastest-growing platform-operations segment during the forecast period. The details: - Urban air mobility covers flying vehicles used to transport passengers or goods within urban areas. - The report says eVTOL aircraft development is a major driver of future demand. - The report also cites lower travel distances and improved sustainability as benefits. - Urban air mobility is expected to use existing transportation infrastructure and networks for first-mile and last-mile connections. - High upfront investment remains a restraint because urban areas need suitable operating infrastructure. - Noise pollution is another challenge because the vehicles use rotary blades for flight. - Air taxis are expected to gain traction because vertical takeoff and landing fit short urban trips. - Electric propulsion is positioned as a cost-effective and lower-pollution mode of urban transport. - Volocopter plans to introduce air taxis in Singapore in 2024. - The report covers platform, platform operations, range, platform architecture, and region. - Platform categories include air taxis, air shuttles and air metro, personal air vehicles, cargo air vehicles, air ambulance and medical emergency vehicles, and last-mile delivery vehicles. - Platform operations are split between piloted and autonomous. - Range is split between intercity and intracity. - Platform architecture is split between rotary wing and fixed-wing hybrid. - Regional coverage includes North America, Europe, Asia-Pacific, and LAMEA. - The report profiles Ehang, Lilium GmbH, Airbus, Wisk Aero LLC, Bell Textron, Volocopter GmbH, Workhorse Group Inc., Joby Aviation, Kitty Hawk, and Archer Aviation. Between the lines: - The market forecast reflects both aviation innovation and pressure on cities to find alternatives to road congestion. - The strongest growth outlook for autonomous operations suggests the sector is still moving toward higher levels of automation. - Asia-Pacific’s lead signals early adoption in markets that may be building urban-air-mobility systems faster than other regions. - The emphasis on infrastructure, cost and noise shows the sector still faces practical barriers before broad commercial rollout. What’s next: - The report expects last-mile delivery vehicles to be the fastest-growing platform segment. - Intracity services are projected to be the fastest-growing range segment. - Fixed-wing hybrid platforms are expected to grow faster than rotary-wing platforms. - Asia-Pacific is projected to keep the largest market share through the forecast period. - More air-taxi launches and regulatory progress will likely shape the next phase of adoption.