Global Urban Air Mobility Market Projected to Reach $16.27 Billion by 2035, Driven by Smart City Initiatives and Rising eVTOL Adoption

The global Urban Air Mobility (UAM) market is projected to grow from $2.16 billion in 2026 to $16.27 billion by 2035 at a CAGR of 20.9%, driven by eVTOL aircraft adoption, smart city initiatives, and advancements in electric propulsion. North America leads with 26.8% market share, while key players including Joby Aero, Archer Aviation, EHang, and Eve Holding are racing for commercialization and regulatory certification.