Home > Aerospace & Defense > Airport Operations > Airport Infrastructure > Vertiports Market
Vertiports Market was valued at USD 400 million in 2023 and is anticipated to grow at a CAGR of over 40% between 2024 and 2032. There's a growing trend of private investors and venture capital firms pouring money into vertiport development.
Companies specializing in urban air mobility infrastructure are attracting significant funding to accelerate the design and construction of vertiports. Vertiport designs are increasingly focusing on seamless integration with other forms of transportation. This includes developing vertiports near train stations, airports, and major road networks to create efficient transportation hubs.
For instance, In June 2023, Ferrovial, through its airports division, partnered with Milligan to identify and develop sites for launching urban air mobility operations in the United Kingdom. This collaboration aims to advance Ferrovial's strategy to design, build, and operate vertiports in this key market. Together, the partners will pinpoint demand-rich locations, select potential sites, and evaluate criteria to assess the viability of each site for electric vertical take-off and landing (eVTOL) aircraft operations. They are collaborating with AECOM and Lichfields, who are serving as planning advisors in this initiative.
Report Attribute | Details |
---|---|
Base Year: | 2023 |
Vertiports Market Size in 2023: | USD 400 Million |
Forecast Period: | 2024 – 2032 |
Forecast Period 2024 – 2032 CAGR: | 40% |
2024 – 2032 Value Projection: | USD 10 Billion |
Historical Data for: | 2021 - 2023 |
No. of Pages: | 220 |
Tables, Charts & Figures: | 402 |
Segments covered: | Solution, Location, Type, Landscape, Topology, Region |
Growth Drivers: |
|
Pitfalls & Challenges: |
|
The development of electric vertical takeoff and landing (eVTOL) aircraft is crucial for the growth of the vertiports market, as these innovative vehicles serve as the backbone of urban air mobility (UAM) solutions. Technological advancements in eVTOL aircraft are driving efficiency, safety, and operational feasibility, thereby making them a viable option for urban transportation networks. The design of vertiports is evolving to accommodate the unique requirements of eVTOL aircraft. This includes specialized landing pads, charging stations for electric aircraft, maintenance facilities, and passenger terminals. Innovative design approaches aim to integrate vertiports seamlessly into the urban landscape while minimizing noise and visual impact.
Safety and air traffic management are paramount challenges in the vertiports industry, particularly as urban air mobility (UAM) expands and more eVTOL (electric vertical takeoff and landing) aircraft enter the airspace. The integration of these aircraft into congested urban environments requires sophisticated systems to ensure safe operations and efficient airspace management. Urban areas typically have a high density of air traffic, including commercial flights, general aviation, and emergency services. Introducing eVTOL operations complicates this landscape, necessitating advanced airspace integration strategies to prevent conflicts and ensure safe navigation.
Governments are increasingly forming dedicated regulatory bodies or agencies specifically focused on urban air mobility (UAM) and eVTOL operations. These entities are tasked with developing safety standards, operational guidelines, and certification processes tailored to the unique needs of vertiports and eVTOL aircraft. Governments are increasingly committing funding and resources to support the development of vertiports. This includes direct investments, grants, and incentives to encourage private sector involvement in building and operating vertiports as part of broader transportation networks.
For instance, in April 2024, the Abu Dhabi Investment Office (ADIO), in collaboration with the UAE's General Civil Aviation Authority (GCAA) and the Department of Municipalities and Transport, Abu Dhabi (DMT), launched the UAE's first operational vertiport for electric vertical take-off and landing (eVTOL) aircraft at DRIFTx. This temporary vertiport, built to meet the latest industry standards set by the GCAA, exemplifies Abu Dhabi's vision to develop one of the world's leading sectors for eVTOLs by 2026. AD Mobility will oversee the advanced air mobility sector in Abu Dhabi in partnership with the GCAA.
Vertiports are increasingly being designed with sustainable infrastructure in mind, incorporating green building materials, energy-efficient designs, and renewable energy sources, such as solar panels, to minimize their environmental footprint. As urban air mobility grows, there is a strong focus on developing eVTOL aircraft and vertiports that prioritize noise reduction.
Innovations in aircraft design and noise mitigation strategies aim to minimize disturbances in urban areas. There is a growing trend towards conducting comprehensive environmental impact assessments (EIAs) before vertiport development. These assessments evaluate potential effects on local ecosystems and communities, ensuring sustainable site selection and operation. The industry is increasingly adopting lifecycle assessments (LCAs) to evaluate the environmental impact of vertiports from construction to operation. This holistic approach helps identify areas for improvement and ensures long-term sustainability.
Based on the location, the vertiports market is segmented into ground-based, rooftop / elevated, and floating. The rooftop / elevated segment represents the fastest growing segment, with a CAGR of over 45% between 2024 and 2032.
Based on solution, the market is segmented into landing pads, terminal gates, ground support equipment, charging stations, ground control stations, and others. The landing pads segment dominated the market in 2023 and is expected to reach over USD 4 billion by 2032.
The vertiports market is experiencing unprecedented growth in North America and is expected to reach USD 3.5 billion by 2032. North America is poised to become a leader in the market, driven by rapid urbanization and advancements in urban air mobility (UAM). In the U.S., the demand for vertiports is escalating, particularly in urban centers with high population densities and significant commuter traffic. Cities are increasingly seeking solutions to reduce road congestion and enhance connectivity through air mobility.
Europe is witnessing a burgeoning demand for vertiports as part of its broader strategy to promote sustainable urban mobility. The U.K. has a strong demand for vertiports driven by its dense urban environments and commitment to enhancing transportation infrastructure. In February 2024, the UK Civil Aviation Authority (CAA) began consulting on design proposals for vertiports at existing aerodromes. This consultation aims to establish a framework for the safe and efficient use of vertical takeoff and landing (VTOL) aircraft in the UK.
The Asia Pacific region is witnessing rapid urbanization and an expanding middle class, leading to significant demand for vertiports. Cities like Seoul, Tokyo, and Singapore are actively exploring eVTOL solutions to address traffic congestion and enhance urban mobility options.
Japan's demand for vertiports is rapidly increasing, particularly in urban centers such as Tokyo and Osaka, where high population density and congestion are significant challenges. The push for innovative transportation solutions drives this demand. In June 2024, The Japanese Transport Ministry initiated look at supporting the practical implementation of flying cars by subsidizing some of the construction costs of the country’s first-ever vertiports.
Singapore is set to launch eVTOL aircraft taxi operations, with companies actively developing vertiports. This initiative highlights Singapore's commitment to advancing urban air mobility and integrating eVTOL solutions into its transportation network.
South Korea is rapidly developing its vertiports market, driven by its advanced technology landscape with designs for the vertiports. In May 2024, GS Engineering & Construction (E&C) unveiled new vertiport designs at the Drone Show Korea 2024. The company has developed three types of urban vertiports which are retrofit, new build, and modular (One & Two Layer). This aims to provide a comprehensive vertiport service and solution, covering all aspects from site acquisition to design, construction, ownership, and operation of vertiports.
Urban-Air Port Ltd. and Skyports collectively held a significant share of the market in 2023. Urban-Air Port Ltd. is a pioneering company in the vertiports industry, focused on developing advanced air mobility infrastructure. Established to facilitate the integration of electric vertical takeoff and landing (eVTOL) aircraft into urban environments, the company designs and constructs vertiports that optimize space and promote sustainability.
Skyports is a prominent company in the market, specializing in the design, development, and operation of infrastructure for advanced air mobility (AAM). With a focus on enabling urban air mobility solutions, Skyports aims to create a seamless network of vertiports that support electric vertical takeoff and landing (eVTOL) aircraft.
Major players operating in the vertiports industry are:
Click here to Buy Section of this Report
Market, By Solution
Market, By Location
Market, By Type
Market, By Landscape
Market, By Topology
The above information is provided for the following regions and countries: