BIS Research, a prominent market intelligence and advisory firm specializing in emerging technologies, has unveiled an exclusive report on India’s Urban Air Mobility (UAM) infrastructure market. According to the report, the market is projected to achieve an impressive valuation of $6.2 million by 2033, boasting a Compound Annual Growth Rate (CAGR) of 22.38%.

Urban Air Mobility (UAM) revolutionizes urban transportation systems by integrating aerial mobility services, offering efficient and rapid mobility solutions. The incorporation of services like electric Vertical Take-Off and Landing (eVTOL) aircraft within UAM envisions the reduction of congestion, shortened travel times, and improved urban transportation connectivity. Key Indian companies and startups, including Jaunt Air Mobility, The ePlane Company, L&T Technology Services, and Aerpace, are actively engaged in the development of eVTOL aircraft, thus contributing to the growth of the UAM services market.

The BIS Research report, titled “UAM Infrastructure Market. A Global and Regional Analysis,” anticipates substantial growth in the Indian UAM Infrastructure Market, especially in passenger and cargo gate-to-gate operations, from 2023 to 2033. The forecasted CAGR for passenger gate-to-gate operations is estimated at 26.83% ($3.1 million), cargo gate-to-gate operations at 18.55% ($2.5 million), and hybrid passenger and cargo gate-to-gate operations at 29.81% ($0.6 million) by 2033.

Though the UAM market in India is in its nascent stage, it holds remarkable growth potential. Plans are underway for launching air taxi operations in India as early as 2025, alongside the establishment of an eVTOL manufacturing plant. Renowned names like Tata and Uber have shown keen interest in India’s UAM infrastructure market, while the government is actively crafting policies and regulations to nurture UAM advancements within the country.

The report delves into the UAM’s physical infrastructure market, highlighting segments like vertistops and vertiports. The report indicates that the vertistops and vertiports segment is poised to reach $1.0 million by 2033, up from $0.4 million in 2023. Additional infrastructure segments such as charging and refueling stations, MRO facilities, docking stations, and hub spots are also projected to grow, collectively registering a CAGR of approximately 9.37% during the forecast period.

Promising cities like Mumbai, Bangalore, Chennai, and Hyderabad have been identified as potential UAM infrastructure hubs due to their dynamic urban landscapes and progressive approach to innovative mobility solutions. Nevertheless, challenges related to efficient airspace management, the establishment of robust air traffic management systems, and seamless integration of UAM vehicles into existing airspace demand careful attention. Investment in vertiports, charging infrastructure, and maintenance facilities will be pivotal in nurturing the growth of UAM operations.

Faisal Ahmad, Co-Founder & CEO of BIS Research, expressed, “The complexities of urban congestion and transportation infrastructure in India has propelled a new era of possibilities with Urban Air Mobility (UAM) services at its epicenter, powered by the country’s dynamic startup ecosystem. Embracing a forward-looking vision, these innovative enterprises are propelling the potential of eVTOL aircraft, charting the course for the UAM infrastructure market, and carving a path towards a reimagined mobility landscape for the nation.”