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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

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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..

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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. 

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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.

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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.

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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/

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SOURCE Technavio

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THE MINISTRY OF DEFENCE ENHANCES NATIONAL RESILIENCE THROUGH SMART DEFENCE TECHNOLOGY INNOVATION

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KUALA LUMPUR, Malaysia, April 22, 2026 /PRNewswire/ — On April 20, The Prime Minister of Malaysia, YAB Dato’ Seri Anwar bin Ibrahim, officiated the Defence Services Asia (DSA) & National Security (NATSEC) Asia 2026 Opening Ceremony at the Malaysia International Trade and Exhibition Centre (MITEC).

Themed “Enhancing Capabilities and Resilience Through Technology”, the 19th Edition of the DSA 2026 Exhibition will run for four days from 20 to 23 April 2026. This exhibition aims to enhance defence capabilities and drive future technology to ensure national resilience through innovation, international cooperation and the development of the local defence industry ecosystem.

The main focus of this event is on the evolution of defence technology that has shifted from conventional assets to smart systems. Emphasis is placed on mastering technology that is capable of facing the security threats of the new millennium which are asymmetric and hybrid in nature.

Among the core advanced technologies featured :

a) Autonomous & Robotic Systems: Exhibition of various variations of unmanned systems (UAV, UGV, and UUV) equipped with Artificial Intelligence (AI) for long-distance monitoring and detection operations.

b) Digital & Cyber Defence: Application of new generation encryption technology and cybersecurity platforms to protect the country’s data sovereignty and critical infrastructure.

c) Sensor & Electronic Technology: High-precision radar and sensor systems that enable ATM readiness to be at an optimal level in monitoring space, maritime, and land in real-time.

In line with this global technology exposure, the government continues to strengthen the Industrial Collaboration Programme (ICP) as the main mechanism for technology transfer. Through the ICP, the involvement of international industry players is required to contribute to the development of local talent and research and development (R&D) in the high-tech sector.

Among the key segments highlighted are the CBRNe Arena, focusing on technologies related to chemical, biological, radiological, nuclear and explosive threats; the Firearms and Tactical Equipment Segment, showcasing the latest operational capabilities and equipment; and the Coalition of Defence Industry Malaysia (CDIM) Pavilion, which highlights the capabilities of the country’s defence industry. The DSA & NATSEC Asia Lab also showcases innovation initiatives by providing a platform for small and medium-sized enterprises (SMEs) and start-ups to introduce their innovations on the international stage.

This edition recorded the participation of 1,456 companies from 63 countries, including 37 international pavilions, as well as approximately 600 official delegations and 50,000 trade visitors from more than 114 countries within the 48,000-square-metre exhibition space. This scale of participation reflects the strategic importance of the exhibition at the global level and further demonstrates Malaysia’s position as a strategic meeting point for defence and security cooperation.

Also present were the Minister of Defence, YB Dato’ Seri Mohamed Khaled Nordin; Chief Secretary to the Government, Tan Sri Shamsul Azri Abu Bakar; Speaker of the Dewan Rakyat, Tan Sri Dato’ Dr. Johari bin Abdul; Chairman of DSA Exhibition and Conference Sdn Bhd, Tan Sri Asmat Kamaludin; Chief of Defence Force, General Datuk Haji Malek Razak bin Sulaiman; Secretary-General of the Ministry of Defence, Datuk Lokman Hakim bin Ali; Deputy Minister of Defence, YB Adly Zahari; as well as top management and senior officers of the Ministry and the Malaysian Armed Forces.

– END –

“‘MALAYSIA MADANI” “BERKHIDMAT UNTUK NEGARA”
”PERTAHANAN NEGARA, TANGGUNGJAWAB BERSAMA”

Ministry of Defence Malaysia
20 April 2026

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SOURCE DSA & NATSEC ASIA

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Grantd Launches Platform to Help Employees Understand Their Equity, Build Confidence in Their Financial Plan, and Connect to Advice When They Need It

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New Platform Gives Every Equity Recipient a Personalized View of Their Awards — and a Clear Path to Understand, Act, and Get Advice on Them

DENVER, April 21, 2026 /PRNewswire-PRWeb/ — Grantd, an AI-powered equity compensation platform whose advisor platform helps advisors manage over $14 billion in assets under administration for more than 400 registered investment advisory firms and 14,000 clients, today announced the launch of its issuer platform, Grantd for Work. The platform is built to give employees a clear, personalized understanding of their equity compensation — what they have, what it’s worth, how it fits into their broader financial picture, and what they should consider doing about it. Equity compensation is complex, and for most employees, it has been difficult to navigate without dedicated resources and support. Grantd for Work changes that — providing the tools, education, and guidance employees need to understand their awards with confidence, and connecting them to a financial advisor when they’re ready to take the next step.

“It gives every employee a real, personalized view of their equity — what it means for their financial goals, what actions they should consider, and a direct line to advice when they need it.”

The launch marks a significant expansion of Grantd’s reach — from individual equity recipients and their financial advisors to the employers and employees inside the companies that grant those awards. It also helps HR and compensation administrators gain better visibility into their programs, reduce the volume of manual employee questions, and identify where engagement and retention may be at risk.

“Equity is one of the most powerful forms of compensation companies offer — but for most employees, it’s also one of the least understood,” said Brian McDonald, Founder & CEO of Grantd. “An employee might receive an RSU grant, watch it vest, and still have no idea what the tax implications are, whether they should sell or hold, or how it changes their financial picture. Grantd for Work changes that. It gives every employee a real, personalized view of their equity — what it means for their financial goals, what actions they should consider, and a direct line to advice when they need it.”

Grantd for Work is built around the employee experience. Key capabilities include:

A personalized equity dashboard showing each employee’s total portfolio value, vested and unvested equity broken down by grant, external holdings, and concentration risk — giving them a complete, real-time picture of what they own, what it’s worth, and how it fits into their overall financial picture.AI-powered document reading that automatically extracts holdings from any brokerage statement or equity award summary — from any provider — so the platform is accurate and fully populated from day one, with no manual entry required.Financial goal tracking that maps each employee’s equity directly to their personal financial goals — financial independence, early retirement, a home purchase — showing whether they’re on track, what’s at risk, and how upcoming vests and exercises could change the outcome.A full equity planning toolkit, including concentration analysis, price target modeling, growth scenario projections, exercise planning, withholding analysis, and trading window tracking — alongside pre-built strategy templates like sell-to-cover, diversification sell-down, and automated trading plans.Ask Grant, an AI equity guide built directly into the platform that answers employees’ most pressing questions — from how RSU income is taxed at vest to what the ESPP 15% discount means for their tax situation — in plain language, on demand.AI agents that work for every employee — Grantd’s AI agents don’t wait to be asked. They continuously analyze each employee’s equity portfolio and surface timely, personalized insights. Every insight is specific to that employee — not generic equity education, but guidance grounded in what they actually hold.A learning center with articles and guides covering equity basics, tax and finance, investing strategy, and company-specific plan guides — so employees can build real confidence in their equity, not just access to it.A direct connection to financial advice when employees are ready to go beyond self-service — with their complete equity profile already structured and ready to share with an advisor.

For HR and compensation administrators, the platform also provides visibility into how equity programs are performing across the organization — including a live dashboard of total equity wealth created by employee, department, and level; proactive retention signals for employees with expiring grants or low engagement; and competitive equity modeling tools to help design compelling offers for prospective hires.

The new platform arrives at a time when industry leaders are rethinking equity program design and employee share plan strategy. Grantd will further that conversation at the Global Equity Organization’s (GEO) 27th Annual Conference in Austin, taking place April 21–23, 2026. On Wednesday, April 22, Brian McDonald will join the expert panel, “Strategic Shifts in Employee Share Plans: How Companies Are Redesigning Equity for 2026 and Beyond,” alongside fellow Grantd Advisory Board members Billy Vitense of Starbucks, Christine Zwerling of Asana, and Melissa Howell of Nike.

To learn more about Grantd for Work or schedule a demonstration, visit Grantd online at https://www.grantdequity.com/.

About Grantd:

Founded by Brian McDonald, Grantd is an AI-powered equity compensation platform built to simplify how equity is understood, managed, and acted on. Its advisor platform manages over $14 billion in assets under administration for more than 400 registered investment advisory firms, 2,600 advisors, and 14,000 clients. With the launch of Grantd for Work, the company now serves the full equity ecosystem — from individual equity recipients and their advisors to the employees who hold those awards and the HR and compensation teams who design and run the programs. Grantd is headquartered in Denver, Colorado.

Media Contact

Jane Kim, Grantd Equity, 1 (303) 515-3158, jane.kim@grantdequity.com, grantdequity.com

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SOURCE Grantd Equity

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FERMI PROVIDES BUSINESS UPDATE

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DALLAS, April 21, 2026 /PRNewswire/ — Fermi Inc. (d/b/a Fermi America) (NASDAQ: FRMI) (LSE: FRMI), operating as Fermi America™ (“Fermi” or the “Company”), subsequent to the Company’s announcement of Fermi 2.0 on April 20, 2026, has received significant and positive feedback from multiple potential tenants, the Company’s landlord, the Texas Tech University System, as well as suppliers, vendors, contractors, financing sources, and other partners. The Company is gratified by that feedback and is pursuing Fermi 2.0’s business and leadership objectives with all deliberate speed.

The Company also acknowledges receipt of a letter from Mr. Toby Neugebauer, and has reviewed a press release issued by him, calling for the initiation of a process for the immediate sale of the Company. As Mr. Neugebauer indicated in his press release, he was removed from his position on April, 17, 2026,  after careful consideration by the Company’s Board of Directors in accordance with its fiduciary duties. Given recent changes in leadership, which position the Company for its next chapter of growth and evolution from a startup to a scaled enterprise, the Company firmly believes a sale is not in the best interest of its continued momentum on Project Matador, ability to serve potential tenants and long-term value creation for shareholders. The Board, consistent with its fiduciary duties, will carefully review all avenues to maximize shareholder value, which include continued execution of its business plan, strategic investments from third parties, joint ventures or other transactions.

About Fermi America™

Fermi America™ (NASDAQ & LSE: FRMI) (fermiamerica.com) is pioneering the development of next-generation private electric grids that deliver highly redundant power at gigawatt scale, required to create next-generation artificial intelligence. Co-founded by former U.S. Energy Secretary Rick Perry and Co-Founder and former Co-Managing Partner of Quantum Energy Toby Neugebauer, Fermi America™ combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world’s largest, 17 GW next-generation private HyperGrid campus. Project Matador is expected to integrate the nation’s biggest combined-cycle natural gas project, one of the largest clean, new nuclear power complexes in America, utility grid power, solar power, and battery energy storage, to deliver hyperscaler artificial intelligence.

Additional Information and Where to Find It

If the Company determines to hold a special meeting of shareholders, the Company will file a proxy statement on Schedule 14A, an accompanying white proxy card and other relevant documents with the Securities and Exchange Commission (the “SEC”) in connection with the solicitation of proxies from the Company’s shareholders for such meeting. SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ THE COMPANY’S DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), IF ANY, AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY, IF AND WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders may obtain a copy of any definitive proxy statement of the Company, an accompanying white proxy card, any amendments or supplements thereto and other documents filed by the Company with the SEC if and when they become available at no charge at the SEC’s website at www.sec.gov. Copies will also be available at no charge in the “SEC Filings” subsection of the Company’s Investor Relations website at https://fermiamerica.com/ or by contacting the Company’s Investor Relations Department at IR@fermiamerica.com, as soon as reasonably practicable after such materials are electronically filed with, or furnished to, the SEC.

Participants in the Solicitation

If the Company determines to hold a special meeting of shareholders, the Company, its directors and certain of its executive officers may be deemed participants in the solicitation of proxies from the Company’s shareholders in connection with matters to be considered at such special meeting of shareholders. Information regarding the direct and indirect interests, by security holdings or otherwise, of the Company’s directors and executive officers is included in the Company’s final prospectus, filed with the SEC on October 1, 2025, the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 30, 2026, and in the Company’s Current Reports on Form 8-K filed with the SEC from time to time. Changes to the direct or indirect interests of the Company’s directors and executive officers are set forth in SEC filings on Initial Statements of Beneficial Ownership on Form 3 or Statements of Change in Ownership on Form 4. These documents are available free of charge as described above. Updated information regarding the identities of potential participants and their direct or indirect interests, by security holdings or otherwise, in the Company will be set forth in the definitive proxy statement for the Company’s special meeting of shareholders and other relevant documents to be filed with the SEC, if and when they become available.

Forward-Looking Statements

Statements contained in this press release which are not historical facts, such as those relating to future events, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Fermi undertakes no duty to publicly update or revise such forward-looking information, whether as a result of new information, future events, or otherwise. Investors should consult further disclosures and risk factors included in our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, the Registration Statement on Form S-8 and other documents filed from time to time with the SEC by Fermi.

 

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SOURCE Fermi Inc.

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