Vertical Mobility Market

By Type;

Air Taxi, Drone and Others

By Service;

Inspection, Goods Delivery, Passenger and Support Service

By End-User;

Military and Commercial

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn145999323 Published Date: September, 2025 Updated Date: October, 2025

Vertical Mobility Market Overview

Vertical Mobility Market (USD Million)

Vertical Mobility Market was valued at USD 9,668.25 million in the year 2024. The size of this market is expected to increase to USD 41,039.33 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 22.9%.


Vertical Mobility Market

*Market size in USD million

CAGR 22.9 %


Study Period2025 - 2031
Base Year2024
CAGR (%)22.9 %
Market Size (2024)USD 9,668.25 Million
Market Size (2031)USD 41,039.33 Million
Market ConcentrationLow
Report Pages322
9,668.25
2024
41,039.33
2031

Major Players

  • Otis Elevator Company
  • Schindler Group
  • KONE Corporation
  • Thyssenkrupp Elevator AG
  • Mitsubishi Electric Corporation
  • Fujitec Co., Ltd.
  • Hitachi Ltd.
  • Toshiba Corporation
  • Hyundai Elevator Co., Ltd.
  • LG Electronics Inc.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Vertical Mobility Market

Fragmented - Highly competitive market without dominant players


The Vertical Mobility Market is evolving rapidly as cities seek new transportation solutions. More than 45% of urban travelers are looking for alternatives beyond cars and buses, driving interest in air taxis, drones, and advanced elevator systems. The rising demand for sustainable and congestion-free transport is positioning vertical mobility as a cornerstone of tomorrow’s urban planning.

Innovation Fueling Adoption
Nearly 52% of vertical mobility initiatives now incorporate technologies like AI, IoT, and autonomous navigation. These enhancements improve safety, reduce costs, and streamline operations. In addition, about 40% of current prototypes feature hybrid or fully electric propulsion, highlighting the strong shift toward green technologies that are reshaping the market’s trajectory.

Rising Investments in Ecosystem
Investors are actively supporting the sector, with more than 60% of funds channeling into building vertiports, charging facilities, and safety systems. Additionally, 38% of projects are backed by public-private partnerships, reflecting a collaborative approach to preparing cities for vertical transport. These efforts are laying the groundwork for broader market readiness and scalability.

Sustainability at the Core
Environmental priorities are central to the industry, as over 55% of emerging designs aim to cut emissions and minimize noise. Both governments and private firms are aligning with sustainability goals, ensuring vertical mobility contributes to greener urban ecosystems. With innovation accelerating and consumer trust growing, the market is set to redefine the future of mobility.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By Service
    3. Market Snapshot, By End-User
    4. Market Snapshot, By Region
  4. Vertical Mobility Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization
        2. Technological Advancements
        3. Sustainable Transportation
      2. Restraints
        1. Regulatory Challenges
        2. Infrastructure Limitations
        3. Safety Concerns
      3. Opportunities
        1. Smart City Initiatives
        2. Emerging Markets
        3. Integration with Public Transport
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Vertical Mobility Market, By Type, 2021 - 2031 (USD Million)
      1. Air Taxi
      2. Drone
      3. Others
    2. Vertical Mobility Market, By Service, 2021 - 2031 (USD Million)
      1. Inspection
      2. Goods Delivery
      3. Passenger
      4. Support Service
    3. Vertical Mobility Market, By End-User, 2021 - 2031 (USD Million)
      1. Military
      2. Commercial
    4. Vertical Mobility Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Otis Elevator Company
      2. Schindler Group
      3. KONE Corporation
      4. Thyssenkrupp Elevator AG
      5. Mitsubishi Electric Corporation
      6. Fujitec Co., Ltd.
      7. Hitachi Ltd.
      8. Toshiba Corporation
      9. Hyundai Elevator Co., Ltd.
      10. LG Electronics Inc.
      11. Airbus SE
      12. EHang
      13. Volocopter GmbH
      14. Lilium GmbH
      15. Joby Aviation
  7. Analyst Views
  8. Future Outlook of the Market