Connect with us

Technology

Urban Air Mobility Market to Grow by USD 10.31 Billion (2024-2028), eVTOL Aircraft Use in Military Drives Growth, Report Highlights AI’s Role in Market Shift – Technavio

Published

on

NEW YORK, Nov. 28, 2024 /PRNewswire/ — Report with market evolution powered by AI – The global urban air mobility (UAM) market size is estimated to grow by USD 10.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 36.5% during the forecast period. Increasing use of evtol aircraft in military applications is driving market growth, with a trend towards technological advancements. However, limitations of existing battery technology poses a challenge. Key market players include Airbus SE, Archer Aviation Inc, Bartini Inc., Bell Textron Inc., EHang Holdings Ltd., Embraer SA, Geely Auto Group, Honeywell International Inc., Joby Aviation Inc., Kitty Hawk Corp., Lockheed Martin Corp., Moller International, Moog Inc., RTX Corp., Textron Inc., The Boeing Co., Volocopter GmbH, Wingcopter GmbH, Wisk Aero LLC, and WORKHORSE GROUP INC..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Urban Air Mobility (Uam) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2017 – 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 36.5%

Market growth 2024-2028

USD 10312 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

26.88

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 52%

Key countries

US, China, Germany, UK, and France

Key companies profiled

Airbus SE, Archer Aviation Inc, Bartini Inc., Bell Textron Inc., EHang Holdings Ltd., Embraer SA, Geely Auto Group, Honeywell International Inc., Joby Aviation Inc., Kitty Hawk Corp., Lockheed Martin Corp., Moller International, Moog Inc., RTX Corp., Textron Inc., The Boeing Co., Volocopter GmbH, Wingcopter GmbH, Wisk Aero LLC, and WORKHORSE GROUP INC.

Market Driver

The Urban Air Mobility (UAM) market is experiencing significant growth with trends like autonomous aerial vehicles and flying cars gaining momentum. The Federal Aviation Administration (FAA) is working on rulemaking committees for air taxis and air ambulances, paving the way for advanced air mobility. Uber Air, UAM market leaders, are investing in battery-powered electric vehicles to reduce CO2 emissions. R&D investments from start-ups and aerospace players in eVTOL, electric aircraft, and autonomous segments are driving innovation. Urban areas face traffic congestion, and UAM offers sustainable solutions with electric motors, batteries, fly-by-wire systems, sensors, and control systems. Urban aviation services include air taxis, air metro, cargo, emergencies, and last-mile delivery. The Ministry of Land, Infrastructure, Transport, and Tourism are collaborating with aircraft operators to develop infrastructure. Industry players like Hyundai Motor, Volocopter, and others are launching electric-powered vertical takeoff and landing vehicles. The ecosystem includes on-demand mobility, urban air mobility services, and shared automated vehicles. The UAM market covers various vehicle types, including air taxis, air ambulance, cargo air vehicles, and personal air vehicles. Strategies include mergers & acquisitions, collaborations, and technology advancements in stability, load-carrying capacity, range, and vehicle automation. Urban air mobility offers social mobility and productivity enhancements for metropolitan economies. 

The urban air mobility market is witnessing a significant shift towards advanced technology for real-time package tracking. Consumers can now manage and modify their retail deliveries using online tools, ensuring greater transparency and control. However, for large or heavy packages, direct customer pick-up is necessary due to their high value. Delivery providers address this challenge by offering web and mobile-based last-mile delivery management applications, enabling customers to manage the scheduling of such deliveries effectively. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

Market Challenges

The Urban Air Mobility (UAM) market is experiencing significant growth with the development of autonomous aerial vehicles like flying cars. However, challenges persist, including regulatory hurdles from the Federal Aviation Administration (FAA) and industry players like Uber Air. CO2 emissions are a concern, making battery-powered UAM vehicles an attractive alternative to ICE cars. Air taxis, air metro, and air ambulance segments lead the market. R&D investments from start-ups and aerospace players in eVTOL, electric aircraft, and autonomous segments are driving innovation. Urban areas face traffic congestion and productivity losses, making UAM an attractive sustainable solution for transportation businesses. FAA Rulemaking Committees are working on vehicle type segment and air taxi segment regulations. Hyundai Motor and Volocopter are leading players with electric power vehicles like the SA-1 vertical takeoff and landing vehicle. The ecosystem includes aircraft operators, advanced air mobility, cargo, emergencies, metropolitan areas, and infrastructure development. Collaborations, mergers & acquisitions, and technology advancements in electric motors, batteries, fly-by-wire systems, sensors, and control systems are shaping the future of urban aviation services, including on-demand mobility, goods delivery services, and shared automated vehicles. Regulatory authorities, cargo, and tourism industries are also exploring UAM opportunities. Drones are also part of the UAM development. Industry players are focusing on stability, load-carrying capacity, range, platform architecture, and vehicle automation for autonomous vehicle operations. Social mobility and vehicle autonomy are key considerations for urban air mobility.The urban air mobility (UAM) market for electric vertical takeoff and landing (eVTOL) aircraft is experiencing significant hype, yet the conversion of aerospace company designs into functional commercial models faces challenges. The energy requirements for flight are substantial, and current battery technology struggles to provide the necessary power with minimal weight. The success of electric cars was achieved through affordability and compactness, but in aviation, weight is the primary concern. To create a commercially viable eVTOL aircraft, batteries must have a minimum energy density of 500Wh/kg. However, most commercial batteries can only deliver 30-50% of this, posing a significant hurdle for the industry.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This urban air mobility (uam) market report extensively covers market segmentation by

Type 1.1 Autonomous1.2 PilotedApplication 2.1 Delivery2.2 Passenger mobilityGeography 3.1 North America3.2 Europe3.3 APAC3.4 Middle East and Africa3.5 South America

1.1 Autonomous- Autonomous Urban Air Mobility (UAM) refers to the utilization of unmanned aerial vehicles (UAVs) or drones for transportation in urban areas. This technology intends to offer cities a secure, productive, and eco-friendly air transportation alternative by alleviating traffic congestion and enhancing mobility. Autonomous UAVs are equipped with advanced technologies such as sensors, navigation systems, and artificial intelligence algorithms, enabling them to operate independently. Morgan Stanley Research’s latest BluePaper reveals that investment in autonomous flying aircraft is gaining momentum, with implications for passenger travel, military and defense applications, and freight and package transportation. The report anticipates a USD1.5 trillion total addressable market for autonomous aircraft by 2040, generating opportunities for investors and benefiting multiple sectors, thereby fueling the demand for UAM throughout the forecast period.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

The Urban Air Mobility (UAM) market refers to the emerging transportation sector that utilizes autonomous aerial vehicles, such as flying cars and air taxis, for urban mobility. The Federal Aviation Administration (FAA) is working on rulemaking committees to establish regulations for this new mode of transportation. UAM offers several advantages over traditional ICE cars, including reduced CO2 emissions and traffic congestion. The market is segmented into vehicle type, including battery-powered UAM vehicles and eVTOL (electric vertical takeoff and landing) aircraft. Key segments include air taxis, air ambulance, and last-mile delivery. R&D investments from start-ups and aerospace players are driving innovation in this sector. Technological advancements include electric motors, batteries, fly-by-wire systems, sensors, and control systems. The UAM market is expected to significantly impact urban areas, offering efficient and eco-friendly transportation solutions.

Market Research Overview

Urban Air Mobility (UAM) is an emerging market that focuses on the use of autonomous aerial vehicles, including flying cars, for transportation in urban areas. The Federal Aviation Administration (FAA) is working on rulemaking committees to integrate UAM into the national airspace system. UAM offers sustainable solutions for urban transportation, reducing CO2 emissions compared to ICE cars. Battery-powered UAM vehicles, such as air taxis, air metro, air ambulance, and last-mile delivery vehicles, are gaining popularity. R&D investments from start-ups, aerospace players, and regulatory authorities are driving the development of eVTOL, electric aircraft, and autonomous segment of UAM. Urban areas face traffic congestion and productivity losses, making UAM an attractive alternative for on-demand mobility and urban aviation services. Cargo, emergencies, and tourism are among the sectors that can benefit from UAM. The ecosystem includes aircraft operators, advanced air mobility, and transportation technologies. Collaborations, mergers & acquisitions, and technology development are key strategies among industry players. Urban air mobility offers a range of vehicle types, including air taxis, air shuttles, personal air vehicles, cargo air vehicles, medical emergency vehicles, and last-mile delivery vehicles. Platforms, such as Uber Air, are developing operations, architecture, and range for UAM vehicles. The market includes piloted and autonomous vehicles, intercity and intracity travel, rotary wings and fixed wings hybrid, and vehicle automation. Urban air mobility offers stability, load-carrying capacity, and R&D spending opportunities. The market also includes social mobility and vehicle autonomy aspects. Infrastructures, cities, and transportation businesses are exploring the potential of UAM to address fuel costs and sustainability concerns. Drones are also a part of the UAM development.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeAutonomousPilotedApplicationDeliveryPassenger MobilityGeographyNorth AmericaEuropeAPACMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/urban-air-mobility-market-to-grow-by-usd-10-31-billion-2024-2028-evtol-aircraft-use-in-military-drives-growth-report-highlights-ais-role-in-market-shift—technavio-302318430.html

SOURCE Technavio

Continue Reading

Technology

Aura Q3 2026 Earnings Call and Quarterly Results

Published

on

By

BOSTON, Oct. 18, 2026 /PRNewswire/ — Aura (ASX: AXQ), a global leader in online safety and wellbeing, will release its Q3 2026 financial results on Thursday, 12th November 2026 prior to the ASX market opening. In addition, Aura will also release its Appendix 4C and Quarterly Activities Report for the quarter ended 30 September 2026 on Friday, 30th of October.

The company will host a webcast at 10:30 AM AEDT on Thursday, 12th November 2026 to discuss its financial results for Q3 and business outlook.

Q3 2026 Earnings Call Details

November 12, 2026 10:30am AEDT | November 11, 2026 6.30pm ESTLink to register: https://events.q4inc.com/attendee/159132282

A replay of the webcast will be available on Aura’s investor relations website at investors.aura.com.

The release of this announcement was authorized by William Lundregan, Chief Legal Officer and Secretary at Aura. 

Investor Relations:
ir@aura.com 

Press Contact:
media@aura.com 

About Aura

Aura (ASX: AXQ) is a global leader in online safety and wellbeing. Built on the belief that people deserve a trusted, always-on layer of protection, Aura’s AI-powered platform delivers protection for individuals, families and enterprises– from proactive protection against identity theft, financial fraud and online threats to tools that help schools and parents protect children from cyberbullying, harmful content, and threats to their wellbeing. Aura’s platform spans the environments that matter most– home, school and work– empowering people of all ages with end-to-end protection for every aspect of online life. Learn more at aura.com.

CATEGORY: Financial News

View original content to download multimedia:https://www.prnewswire.com/news-releases/aura-q3-2026-earnings-call-and-quarterly-results-302912050.html

SOURCE Aura

Continue Reading

Technology

Faith: The Spark Born by the Yudu Riverside

Published

on

By

BEIJING, Oct. 18, 2026 /PRNewswire/ — An interview from China.org.cn with Wang Xiaohui and David Ferguson on the Long March:

David Ferguson:

This is the Yudu River. One dusk in October, 1934, more than 86,000 soldiers of the Red Army crossed this river and embarked on the Long March, a two-year saga that has left its mark in history.

Yet, lingering here by the river, I am struck by a simple question: If you have faith in a bright future, and reality seems to thwart you at every turn, where do you find the moral strength to keep believing?

Wang Xiaohui:

At dusk on Oct. 17, 1934, an army of more than 86,000 troops gathered along the banks of the Yudu River. Over 800 boats of all sizes floated on the water, bound together with planks collected from villagers’ home gates, timber beams, and even coffin boards reserved for elderly locals. The people of Yudu built this pontoon bridge, determined to help the army led by the Communist Party of China (CPC) cross the river.

At that time, no one knew that the great expedition embarked upon by the banks of the Yudu River would go on to transform China and exert far-reaching influence across the world.

China in the 1920s and 1930s was plagued by chaos and despair.

The Kuomintang (KMT), the ruling party back then, was not capable of unifying the nation, leaving warlords locked in endless fighting. In 1931, Japanese invaders launched an assault on northeastern China, beginning their invasion. Crushed under domestic turbulence and foreign aggression, countless civilians were displaced, with many even starving to death on the streets; in certain regions, severe drought resulted in zero harvests, yet the farmers were forced to pay land taxes assessed for more than a decade into the future.

Amid this turmoil, the only glimmer of hope for the Chinese nation was kindled by the revolution ignited by the Communist Party of China.

The CPC, dedicated to winning liberation for the people and national independence, built contingents of workers’ and peasants’ Red Army troops and revolutionary base areas across the countryside. Impoverished farmers were granted land ownership, as well as unprecedented political dignity. On Nov. 7, 1931, the Chinese Soviet Republic was officially proclaimed in Ruijin, then a small village in southeastern China’s Jiangxi Province, establishing a Soviet system under which workers, peasants and soldiers elected representatives to run regional affairs and make policies.

The communist ideal of a fair society free from exploitation and equality for all blazed like a spark in the darkness; it kindled hopes among impoverished Chinese and became the wellspring of faith that enabled the Red Army — a force made up of poor workers and peasants — to overcome all hardships in the days to come.

Yet, bright as the spark was, it burned thin and fragile at times. Could this flame still endure when the ideals it carried were repeatedly battered by harsh reality?

In September 1933, flocks of warplanes clouded the skies over the Red Army’s revolutionary base areas. By then, Japanese invaders were steadily advancing towards North China, but Chiang Kai-shek’s KMT turned a blind eye to the looming national crisis. They mobilized over a million troops and more than 200 aircraft to launch a massive offensive at the Red Army’s base areas. Over the previous three years, Chiang Kai-shek had mounted four major military “encirclement” campaigns aimed at exterminating the Red Army, but all ended in failure. He was desperate for a pivotal victory to restore his prestige and to wipe out the CPC and the Red Army.

At the time, the commander of the Red Army abandoned mobile warfare tactics pioneered by Mao Zedong and other commanders, opting instead for rigid positional warfare involving conventional head-on clashes. But the reality was, some Red Army units didn’t even possess a single light machine gun; how could they confront the heavily-armed KMT army head-on?

Zhong Ming, a Red Army medic, could never erase the memories of gravely wounded soldiers being carried to his aid station. He remembered how a soldier whose chest was blown open begged his comrades to end his life. At the frontline, a whole battalion of Red Army soldiers religiously followed orders to defend crude earth-and-wood bunkers, but under the constant barrage of KMT artillery and airstrikes, every soldier in the battalion laid down their lives; not a single man survived.

What’s more heart-wrenching is that no matter how fearlessly the Red Army fought, the steep imbalance in military strength, paired with erroneous military command led to irreversible losses. By October 1934, the KMT’s iron-clad encirclement closed menacingly around Ruijin.

Faced with this dead-end, what decision would you make?

This stood as the most agonizing decision for the Red Army. The biggest challenge lay not in sacrificing one’s life for an ideal, but in finding a way to keep the revolutionary cause alive.

To stay meant defeat — the Red Army had no room to maneuver within the Central Revolutionary Base Area. To break through the encirclement, however slim the odds, offered a fighting chance. Preserving the Red Army as a living force mattered much more than clinging to isolated strongholds. Where the spark survives, the path ahead remains lit.

The air already turned chilly in October. Units of the Central Red Army assembled in Yudu to prepare for a strategic shift. The plan was kept strictly classified; none of the soldiers knew they were evacuating the base areas, only sensing an unusual vibe.

At dusk on Oct. 17, crowds lined up at the Yudu riverbank. Tens of thousands of villagers flocked from every corner to see the Red Army off. They walked alongside the marching columns, slipping food like eggs and glutinous rice balls into the soldiers’ pockets, praying for their swift homecoming.

The main force of the Central Red Army set off. Within days, they left behind revolutionary base areas where they had survived, grown and taken root. No one anticipated that the journey they embarked on would become the Long March, a trek spanning over 10 provinces. Still less could anyone imagine that this journey would ultimately pave the way for a brand-new China.

Looking back on this chapter of history, many claim that the Red Army only set out on this expedition because the enemies left them no other choice. To a degree, yes, the Long March was indeed a forced strategic shift, yet this fact does nothing to diminish its greatness and glory.

The ordinary Red Army soldiers had no idea how far they would march, or where they were heading. But they clung firmly to their founding mission: to deliver liberation for the people and independence to the nation. This unswerving conviction kept them from disintegrating through countless perils, sustaining them as they marched into the unknown with resolve.

David Ferguson:

I now realize that faith and ideals untested by harsh reality may have no true substance.

Since its founding, the Communist Party of China has always upheld the realization of communism as its fundamental goal. Despite devastating losses and extreme adversity, the Red Army continued to press forward resolutely and never faltered. Its inner strength came from an unshakable belief in the cause, an unwavering commitment to the founding aspiration, and a profound sense of mission. The Red Army was never fleeing pursuers in search of safety; it was marching forward to a future in which it had a steadfast belief.

Wang Xiaohui:

The Long March went on for two years. The Red Army trekked 25,000 li across some of China’s harshest terrain, but they kept their heads high, seeking hope amid despair and marching towards light through unending darkness. The lofty ideals and sense of mission they upheld have also become the torch that guides generations of CPC members in the following centennial, tempering them into steel as they press forward unswervingly toward national rejuvenation.

That spark lit along the Yudu River has never dimmed since.

China Mosaic
http://www.china.org.cn/video/node_7230027.htm

Faith: The Spark Born by the Yudu Riverside
http://www.china.org.cn/2026-10/16/content_118736835.shtml

View original content to download multimedia:https://www.prnewswire.com/news-releases/faith-the-spark-born-by-the-yudu-riverside-302911977.html

SOURCE China.org.cn

Continue Reading

Technology

Linktel Technologies Highlights Breakthrough 1.6T LPO Performance & Strong Market Pull at OCP 2026

Published

on

By

SAN JOSE, Calif., Oct. 18, 2026 /PRNewswire/ — At the recent 2026 OCP Global Summit, Linktel Technologies showcased its cutting-edge optical interconnect portfolios engineered specifically for next-generation AI computing networks. Among the heavy lineup, Linktel’s 1.6T Linear Pluggable Optics (LPO) solutions commanded immense industry attention, drawing heavy customer interest for their unprecedented energy efficiency, ultra-low latency, and supply-chain resilience.

Spotlight: 1.6T LPO Performance & High Customer Traction

AI data centers face immense scaling pressures, demanding higher bandwidth densities with tighter thermal and power budgets. Linktel’s 1.6T LPO solutions—highlighted by the 1.6T LPO 2DR4—delivered standout performance metrics that captured the spotlight at the summit:

Ultra-Low Power Consumption: Operates with power consumption as low as an impressive 10W, drastically mitigating data center cooling and power loads.Minimal Latency: Features a linear optics architecture that cuts down signal processing delays, making it a critical asset for high-performance AI scale-out fabrics.Enhanced Supply-Chain Resilience: Eliminating the optical DSP mitigates component choke points, ensuring robust scalability for mass deployments.Proven Interoperability: Following its breakthrough performance and multi-switch platform interoperability at the early September 2026 1.6T LPO-MSA Plugfest, Linktel has laid a solid foundation for the 200G-per-wavelength ecosystem.

Surging Market Interest

Throughout OCP 2026, Linktel’s live demonstrations of its 1.6T LPO, LRO, and FRO modules drew crowds of data center architects and industry partners. With volume production already in place, Linktel is fully equipped to meet the exploding market demand for energy-efficient, high-density 1.6T connectivity.

Overview of Other Innovations at OCP 2026

In addition to the heavily requested 1.6T LPO lineup, Linktel showcased two other major high-speed architectural pillars:

12.8T Liquid-Cooled XPO:Featured a live thermal demonstration integrating advanced liquid cooling to guarantee stable operations in high-density AI nodes.As a founding member of the XPO MSA, Linktel is actively scaling XPO series with FRO, LRO, and LPO variants for comprehensive scale-up, scale-out, and scale-across frameworks.6.4T/7.2T NPO Modules:Displayed with covers removed to reveal internal architectural designs supporting both ELS and ILS configurations.Combines compact high density with low power and low latency, backed by an established 6.4T/7.2T NPO roadmap.DMD Technology & Executive Presentation:Linktel Engineer Director Dr. Grace Zhang hosted a heavily attended Executive Session titled “Dispersion Managed Transceiver for Next-Gen AI Fabrics,” detailing cost-effective 800G (20km) and 1.6T (10km) solutions for OCS SuperPOD architectures, as well as the feasibility of 400G per lambda (3km).With its DMD product line already in volume production, Linktel actively calls upon ecosystem partners to join forces in collaborative development. To drive ecosystem maturity, Linktel is open to sharing its U.S.-filed patents, paving the way for industry-wide adoption and advancements in next-gen AI fabrics.

About Linktel Technologies

Linktel Technologies is a global leader in optical transceiver development and manufacturing, supplying high-speed optical I/O connectivity—including pluggable transceivers, optical engines, and ODM/JDM services.

For more information, visit www.linktel.com or follow Linktel Technologies on LinkedIn.

View original content:https://www.prnewswire.com/news-releases/linktel-technologies-highlights-breakthrough-1-6t-lpo-performance–strong-market-pull-at-ocp-2026–302911973.html

SOURCE Linktel Technologies

Continue Reading

Trending