Global Air Taxi Market Segmented By Aircraft Type (Multicopter, Quadcopter and Others), By Mode of Operation Type (Autonomous and Piloted), By Propulsion Type (Parallel Hybrid, Electric, Turboshaft and Turboelectric), By Regional, By Competition Forecast & Opportunities, 2018-2028F

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 790 million

CAGR (2023-2028)

16.4%

Fastest Growing Segment

Quadcopter

Largest Market

North America


Market Overview

Global Air Taxi Market has valued at USD 790 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 16.4% through 2028. An air taxi is a type of aircraft that is well-organized in its operations and is designed to cover short distances. The notion of an air taxi was initially suggested in 2001, when NASA and the aerospace industry conducted a study on the prospective Small Aircraft Transportation System (SATS) and the emergence of light-jet aircraft manufacture in the United States. Later, as the number of people expanded, automobiles on the road, increased traffic congestion, and a desire for better and more efficient transportation. The global demand for air taxis has risen as the system has expanded. Furthermore, several businesses in the aviation and transportation industries worked on the creation of air taxis that would be used across the world. An air taxi is a small, energy-efficient commercial airplane designed to cover short distances. Its small size and operating capabilities allow it to land and take off from shorter runways. An air taxi aids in traversing distances between locations that are not covered by scheduled airlines and is limited in payload and passenger capacity. Furthermore, it is operated via smaller local airports with little or no air traffic because they are closer to travelers’ destinations. As a result, it is gaining enormous traction all around the world.

Key Market Drivers

Urban Congestion and Traffic Woes

One of the primary drivers propelling the global air taxi market is the growing urban congestion and traffic gridlock in major cities around the world. As urbanization accelerates, traditional ground transportation struggles to cope with the influx of people and vehicles. Air taxis offer a novel solution by providing point-to-point urban air mobility, bypassing congested roads and reducing travel times. This advantage not only enhances convenience but also addresses the frustration caused by long commutes and traffic jams, making air taxis an attractive alternative for time-sensitive individuals.

Advancements in Electric Propulsion

Advancements in electric propulsion technology are a major driver behind the global air taxi market. Electric Vertical Takeoff and Landing (eVTOL) aircraft, powered by electric motors and batteries, offer reduced noise levels, lower emissions, and increased energy efficiency compared to traditional combustion engines. As concerns about environmental sustainability and air quality rise, electric-powered air taxis align with the global push for greener transportation solutions. The ongoing progress in battery technology and electric motor efficiency is boosting the feasibility and attractiveness of electric air taxis.

Autonomous and Semi-Autonomous Technologies

The evolution of autonomous and semi-autonomous technologies is another significant driver for the global air taxi market. The integration of autonomous flight capabilities reduces the reliance on highly trained pilots, making air travel more accessible and user-friendly. While full autonomy might still be in the future, the gradual adoption of semi-autonomous features, such as advanced autopilot systems and collision avoidance, enhances the safety and confidence of both passengers and operators. These technologies are crucial for scaling air taxi operations, ensuring safe and reliable transportation for a wider audience.

Rapid Urbanization and Infrastructure Challenges

Rapid urbanization is driving the demand for innovative transportation solutions, including air taxis. As urban areas become more densely populated, traditional ground transportation systems struggle to keep pace. Air taxis can efficiently navigate over traffic congestion and geographical obstacles, offering a solution to the "last-mile" problem that many urban dwellers face. The ability to operate from vertiports or helipads, often requiring less space than traditional runways, enables air taxis to bypass the limitations of ground infrastructure and connect urban centers more seamlessly.

Ridesharing and Mobility-as-a-Service (MaaS) Trends

The rise of ridesharing and Mobility-as-a-Service (MaaS) concepts is driving the global air taxi market by changing the way people perceive and access transportation. The success of ride-sharing platforms has accustomed consumers to the idea of on-demand mobility, fostering a willingness to embrace new forms of transportation. Air taxis can seamlessly integrate with existing MaaS platforms, offering users a comprehensive multimodal transportation experience. This integration aligns with the shift from vehicle ownership to mobility solutions, positioning air taxis as a convenient and efficient option for short-distance travel.

Investment and Technological Innovation:

Significant investment and technological innovation are propelling the global air taxi market forward. Notable companies, both established aerospace giants and innovative startups, are pouring resources into research, development, and manufacturing of eVTOL aircraft. This competitive landscape spurs technological breakthroughs, fostering improvements in aircraft design, battery efficiency, and operational safety. Investment also accelerates regulatory approval processes, infrastructure development, and partnerships that are essential for launching and scaling air taxi services.

Regulatory Framework and Government Support

The establishment of a supportive regulatory framework and government initiatives is a critical driver for the global air taxi market. Governments and regulatory bodies are recognizing the potential of urban air mobility and are working to streamline certification processes, safety standards, and airspace integration. Collaboration between industry stakeholders and regulatory bodies is essential to ensure that air taxis operate safely and seamlessly within existing aviation systems. Government support through funding, incentives, and partnerships further accelerates the development and deployment of air taxi services.

 

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Key Market Challenges

Infrastructure Development

One of the foremost challenges facing the global air taxi market is the development of the necessary infrastructure to support air taxi operations. Unlike traditional aviation, air taxis require vertiports or helipads that are strategically located within urban areas. Designing, constructing, and maintaining these facilities is a complex endeavor that demands coordination between regulators, urban planners, and private stakeholders. Ensuring that vertiports are strategically situated to minimize congestion, are equipped with efficient charging systems for electric air taxis, and adhere to safety standards poses a significant challenge. Infrastructure development requires substantial investments and collaboration to establish a functional network that enables seamless air taxi services.

Regulatory Hurdles

Regulatory challenges pose a substantial obstacle to the global air taxi market. Integrating air taxis into existing airspace systems requires navigating complex aviation regulations that govern safety, airspace management, and air traffic control. Earning certification for new aircraft models, especially those with electric or hybrid propulsion, involves meeting rigorous standards to ensure passenger safety and operational reliability. Additionally, air taxi services may need to comply with city-specific regulations and noise abatement policies. Harmonizing regulations across jurisdictions and adapting them to accommodate new technologies and operational paradigms is a significant challenge that demands collaboration between industry players, regulators, and policymakers.

Safety and Certification

Ensuring the safety of passengers, crew, and the urban population is paramount in the air taxi market. The challenges associated with obtaining airworthiness certification for novel electric VTOL aircraft are multifaceted. New aircraft designs and propulsion systems necessitate robust testing and validation processes to demonstrate reliability and safety standards. Moreover, the adoption of autonomous and semi-autonomous technologies introduces a new layer of complexity in terms of certification. Addressing these challenges requires rigorous testing, comprehensive risk assessment, and cooperation with aviation authorities to ensure that air taxi operations meet the highest safety standards.

Public Perception and Acceptance

Public perception and acceptance of air taxis present a significant challenge that could influence market adoption. Convincing potential passengers to embrace a novel mode of transportation requires building trust in the technology's safety, reliability, and overall feasibility. Addressing concerns related to noise pollution, privacy, and potential disruptions to urban life is essential to gain public support. Educating the public about the benefits of air taxis, dispelling misconceptions, and fostering positive attitudes are crucial steps in overcoming this challenge and driving market acceptance.

Scalability and Economics

Achieving scalability while maintaining economic viability is a multifaceted challenge in the air taxi market. Initial costs associated with research, development, and manufacturing of eVTOL aircraft can be substantial. Additionally, the challenge of producing aircraft at scale to meet market demand while ensuring high-quality standards poses economic challenges. Furthermore, the economics of air taxi operations, including pricing models, operational costs, and revenue generation, require careful consideration to create sustainable and competitive services that attract passengers without compromising profitability.

Limited Range and Battery Technology

The limited range of electric aircraft, driven by current battery technology limitations, poses a challenge to the global air taxi market. Electric VTOL aircraft must strike a balance between carrying capacity, range, and battery weight. While advancements in battery technology are ongoing, current energy densities may constrain the operational radius of air taxis, affecting their suitability for longer routes. Overcoming this challenge requires continued investment in battery research and development, as well as the optimization of aircraft design to maximize efficiency and range.

Air Traffic Management and Integration

Integrating air taxis into existing air traffic management systems is a complex challenge that necessitates synchronization between various stakeholders. Coordinating the movement of manned and unmanned aircraft, including air taxis, drones, and traditional aviation, within shared airspace requires robust communication protocols, collision avoidance technologies, and real-time data exchange. Implementing a seamless air traffic management system capable of accommodating both conventional and autonomous operations is crucial for the safe and efficient integration of air taxis into urban airspace.

Key Market Trends

Technological Advancements in Electric Propulsion

A prominent trend shaping the global air taxi market is the rapid advancement of electric propulsion technologies. Electric Vertical Takeoff and Landing (eVTOL) aircraft are powered by electric motors and batteries, offering quieter operations, reduced emissions, and improved energy efficiency compared to traditional combustion engines. As battery technology improves, eVTOL aircraft are extending their range and payload capacity, making them more practical for urban air mobility. These technological advancements are driving innovation, allowing manufacturers to design air taxis with optimized propulsion systems that cater to the demands of both short-haul urban flights and longer intercity routes.

Integration of Autonomous and Semi-Autonomous Features

The integration of autonomous and semi-autonomous technologies is a pivotal trend in the global air taxi market. While full autonomy may still be in the future, many eVTOL aircraft are being designed with varying degrees of autonomous capabilities. These features include advanced autopilot systems, collision avoidance, and automated navigation. The gradual adoption of these technologies enhances safety, reduces the complexity of piloting, and facilitates passenger acceptance. Furthermore, autonomous features lay the groundwork for future urban air mobility scenarios where air taxis can operate with minimal human intervention, ultimately reducing the need for highly trained pilots.

Urban Air Mobility (UAM) Ecosystem Development

The trend of developing a comprehensive Urban Air Mobility (UAM) ecosystem is gathering momentum in the global air taxi market. UAM ecosystems involve various stakeholders, including aircraft manufacturers, infrastructure developers, vertiport operators, regulators, and service providers. These stakeholders collaborate to create a seamless infrastructure that supports air taxi operations, including charging stations, vertiports, maintenance facilities, and air traffic management systems. The establishment of a well-integrated UAM ecosystem is crucial to ensuring the safe, efficient, and scalable deployment of air taxi services in urban environments.

Strategic Partnerships and Collaborations

Strategic partnerships and collaborations are emerging as a key trend in the global air taxi market. Aerospace giants, technology startups, and ride-sharing companies are joining forces to pool resources, expertise, and networks. These collaborations accelerate the development of eVTOL aircraft, enhance regulatory advocacy, and facilitate the establishment of operational networks. Ride-sharing platforms are also partnering with eVTOL manufacturers to integrate air taxis into their existing Mobility-as-a-Service (MaaS) offerings, further enhancing the seamless multimodal travel experience for passengers.

Investment and Funding Influx

The air taxi market is experiencing a surge in investment and funding from both traditional aerospace investors and new players entering the sector. Venture capital firms, corporate investors, and even governments are allocating substantial resources to support the development of eVTOL technology and infrastructure. The influx of funding fuels research, development, and testing, accelerating the timeline for bringing air taxi services to market. Additionally, public offerings and mergers with Special Purpose Acquisition Companies (SPACs) have become popular avenues for eVTOL manufacturers to access capital and expedite growth.

Evolution of Business Models

A noticeable trend in the global air taxi market is the evolution of innovative business models. Beyond traditional ownership, operators are exploring various ownership models, including ridesharing, subscription-based services, and pay-per-flight options. These models cater to diverse passenger needs, enabling individuals to use air taxis for daily commutes, occasional travel, or special events. Additionally, cargo and medical transport services using eVTOL aircraft are gaining traction, broadening the market's scope beyond passenger transport.

Regulatory Framework and Certification Progress

The establishment of a regulatory framework tailored to air taxis is a crucial trend in the global market. Regulatory bodies and aviation authorities are collaborating with industry stakeholders to develop safety standards, certification processes, and operational guidelines that align with the unique challenges of urban air mobility. As eVTOL aircraft undergo rigorous testing and validation, regulatory agencies are working to ensure that safety requirements are met without stifling innovation. Achieving regulatory approval is pivotal for instilling passenger confidence and driving widespread adoption.

Segmental Insights

Propulsion Type Analysis

The air taxi industry has been subdivided into parallel hybrid, electric, turboshaft, and turboelectric, among others, based on propulsion type. The rising emphasis on the usage of fuel-efficient vehicles with long-distance coverage is increasing demand for air taxi parallel hybrid and turboelectric propulsion systems. Similarly, aircraft types such as Multicopter, Side-by-Side aircraft, Tiltwing aircraft, and Tiltrotor aircraft are being studied.

 

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Regional Insights

Because of the availability of the requisite aviation infrastructure for urban air mobility, the North American area will be an early adopter of air taxi services in the next years. The United States, a prominent market in the area, is expected to create significant demand for Urban Air Mobility in the region. Along with strong consumer demand, highly developed air traffic control infrastructure and a rising emphasis on unmanned traffic management are likely to contribute to the region's market growth, as these are the perfect criteria for the operation of air taxi services. Several US-based air taxi businesses, including Joby Aviation, Wisk Aero, and Kitty Hawk Corporation, are already actively creating frameworks for regional air taxi operations. These firms are among the leaders in the field of air taxi services. Mobility businesses are focusing on the development of electric-powered air taxis in order to provide environmentally friendly transportation. Archer Aviation Inc., an American business, for example, released a demonstration model of electric vertical take-off and landing (eVTOL) aircraft in June 2021, with an emphasis on reducing urban traffic congestion and carbon emissions. Several government efforts in the United States targeted at boosting the UAM ecosystem will promote industry expansion. In 2021, the FAA and NASA will work on the Advanced Air Mobility National Campaign to promote and raise awareness of new generation air transportation services such as air taxis in urban, suburban, rural, and regional settings.

Recent Developments

  • in January 2022, the Boeing startup invested around USD 450 million in Wisk Aero, an advanced air mobility (AAM) startup. The funding is intended to help Wisk design and certify 6th generation eVTOL aircraft. The growing need for cleaner, less congested means of travel, as well as changing government restrictions, are projected to attract new companies, boosting market competition..
  • NetJets signed a Memorandum of Understanding (MoU) with Lilium NV in March 2022 for a projected strategic alliance. The arrangement also gives NetJets the option to buy up to 150 Lilium aircraft.
  • In May 2021, Boeing-backed startup Wisk Aero made its first deal for the operation of Air taxis in the United States. Wisk has formed a partnership with Blade Urban Air Mobility Inc., under which Wisk will deploy up to 30 eVTOL aircraft to UAM.

Key Market Players

  • Airbus SE
  • Textron Inc.
  • The Boeing Company
  • EHang Holdings Limited
  • Joby Aviation
  • Volocopter GmbH
  • Kitty Hawk Corporation
  • Hyundai Motor Company
  • Lilium GmbH
  • Jaunt Air Mobility LLC

 By Aircraft Type

By Mode of operation

By Propulsion Type

By Region
  • Multicopter
  • Quadcopter
  • Others
  • Autonomous
  • Piloted
  • Parallel Hybrid
  • Electric
  • Turboshaft
  • Turboelectric
  • North America
  • Europe & CIS
  • Asia Pacific
  • South America
  • Middle East & Africa


Report Scope:

In this report, the Global Air Taxi Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Air Taxi Market, By Aircraft Type:

o   Multicopter

o   Quadcopter

o   Others

  • Air Taxi Market, By Mode of Operation Type:

o   Autonomous

o   Piloted

  • Air Taxi Market, By Propulsion Type:

o   Parallel Hybrid

o   Electric

o   Turboshaft

o   Turboelectric

  • Air Taxi Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  South Korea

§  Australia

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  Turkey

§  Iran

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Air Taxi Market.

Available Customizations:

Global Air Taxi Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Air Taxi Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Air Taxi Market

5.    Global Air Taxi Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast

5.2.1.    By Aircraft Type Market Share Analysis (Multicopter, Quadcopter and Others)

5.2.2.    By Mode of Operation Type Market Share Analysis (Autonomous and Piloted)

5.2.3.    By Propulsion Type Market Share Analysis (Parallel Hybrid, Electric, Turboshaft and Turboelectric)

5.2.4.    By Regional Market Share Analysis

5.2.4.1.        Asia-Pacific Market Share Analysis

5.2.4.2.        Europe & CIS Market Share Analysis

5.2.4.3.        North America Market Share Analysis

5.2.4.4.        South America Market Share Analysis

5.2.4.5.        Middle East & Africa Market Share Analysis

5.2.5.    By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Air Taxi Market Mapping & Opportunity Assessment

5.3.1.    By Aircraft Type Market Mapping & Opportunity Assessment

5.3.2.    By Mode of Operation Type Market Mapping & Opportunity Assessment

5.3.3.    By Propulsion Type Market Mapping & Opportunity Assessment

5.3.4.    By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Air Taxi Market Outlook

6.1.  Market Size & Forecast

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Aircraft Type Market Share Analysis

6.2.2.    By Mode of Operation Type Market Share Analysis

6.2.3.    By Propulsion Type Market Share Analysis

6.2.4.    By Country Market Share Analysis

6.2.4.1.        China Market Share Analysis

6.2.4.2.        India Market Share Analysis

6.2.4.3.        Japan Market Share Analysis

6.2.4.4.        Indonesia Market Share Analysis

6.2.4.5.        Thailand Market Share Analysis

6.2.4.6.        South Korea Market Share Analysis

6.2.4.7.        Australia Market Share Analysis

6.2.4.8.        Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.    China Air Taxi Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.            By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.            By Aircraft Type Market Share Analysis

6.3.1.2.2.            By Mode of Operation Type Market Share Analysis

6.3.1.2.3.            By Propulsion Type Market Share Analysis

6.3.2.    India Air Taxi Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.            By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.            By Aircraft Type Market Share Analysis

6.3.2.2.2.            By Mode of Operation Type Market Share Analysis

6.3.2.2.3.            By Propulsion Type Market Share Analysis

6.3.3.    Japan Air Taxi Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.            By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.            By Aircraft Type Market Share Analysis

6.3.3.2.2.            By Mode of Operation Type Market Share Analysis

6.3.3.2.3.            By Propulsion Type Market Share Analysis

6.3.4.    Indonesia Air Taxi Market Outlook

6.3.4.1.        Market Size & Forecast

6.3.4.1.1.            By Value

6.3.4.2.        Market Share & Forecast

6.3.4.2.1.            By Aircraft Type Market Share Analysis

6.3.4.2.2.            By Mode of Operation Type Market Share Analysis

6.3.4.2.3.            By Propulsion Type Market Share Analysis

6.3.5.    Thailand Air Taxi Market Outlook

6.3.5.1.        Market Size & Forecast

6.3.5.1.1.            By Value

6.3.5.2.        Market Share & Forecast

6.3.5.2.1.            By Aircraft Type Market Share Analysis

6.3.5.2.2.            By Mode of Operation Type Market Share Analysis

6.3.5.2.3.            By Propulsion Type Market Share Analysis

6.3.6.    South Korea Air Taxi Market Outlook

6.3.6.1.        Market Size & Forecast

6.3.6.1.1.            By Value

6.3.6.2.        Market Share & Forecast

6.3.6.2.1.            By Aircraft Type Market Share Analysis

6.3.6.2.2.            By Mode of Operation Type Market Share Analysis

6.3.6.2.3.            By Propulsion Type Market Share Analysis

6.3.7.    Australia Air Taxi Market Outlook

6.3.7.1.        Market Size & Forecast

6.3.7.1.1.            By Value

6.3.7.2.        Market Share & Forecast

6.3.7.2.1.            By Aircraft Type Market Share Analysis

6.3.7.2.2.            By Mode of Operation Type Market Share Analysis

6.3.7.2.3.            By Propulsion Type Market Share Analysis

7.    Europe & CIS Air Taxi Market Outlook

7.1.  Market Size & Forecast

7.1.1.    By Value

7.2.  Market Share & Forecast

7.2.1.    By Aircraft Type Market Share Analysis

7.2.2.    By Mode of Operation Type Market Share Analysis

7.2.3.    By Propulsion Type Market Share Analysis

7.2.4.    By Country Market Share Analysis

7.2.4.1.        Germany Market Share Analysis

7.2.4.2.        Spain Market Share Analysis

7.2.4.3.        France Market Share Analysis

7.2.4.4.        Russia Market Share Analysis

7.2.4.5.        Italy Market Share Analysis

7.2.4.6.        United Kingdom Market Share Analysis

7.2.4.7.        Belgium Market Share Analysis

7.2.4.8.        Rest of Europe Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.    Germany Air Taxi Market Outlook

7.3.1.1.        Market Size & Forecast

7.3.1.1.1.            By Value

7.3.1.2.        Market Share & Forecast

7.3.1.2.1.            By Aircraft Type Market Share Analysis

7.3.1.2.2.            By Mode of Operation Type Market Share Analysis

7.3.1.2.3.            By Propulsion Type Market Share Analysis

7.3.2.    Spain Air Taxi Market Outlook

7.3.2.1.        Market Size & Forecast

7.3.2.1.1.            By Value

7.3.2.2.        Market Share & Forecast

7.3.2.2.1.            By Aircraft Type Market Share Analysis

7.3.2.2.2.            By Mode of Operation Type Market Share Analysis

7.3.2.2.3.            By Propulsion Type Market Share Analysis

7.3.3.    France Air Taxi Market Outlook

7.3.3.1.        Market Size & Forecast

7.3.3.1.1.            By Value

7.3.3.2.        Market Share & Forecast

7.3.3.2.1.            By Aircraft Type Market Share Analysis

7.3.3.2.2.            By Mode of Operation Type Market Share Analysis

7.3.3.2.3.            By Propulsion Type Market Share Analysis

7.3.4.    Russia Air Taxi Market Outlook

7.3.4.1.        Market Size & Forecast

7.3.4.1.1.            By Value

7.3.4.2.        Market Share & Forecast

7.3.4.2.1.            By Aircraft Type Market Share Analysis

7.3.4.2.2.            By Mode of Operation Type Market Share Analysis

7.3.4.2.3.            By Propulsion Type Market Share Analysis

7.3.5.    Italy Air Taxi Market Outlook

7.3.5.1.        Market Size & Forecast

7.3.5.1.1.            By Value

7.3.5.2.        Market Share & Forecast

7.3.5.2.1.            By Aircraft Type Market Share Analysis

7.3.5.2.2.            By Mode of Operation Type Market Share Analysis

7.3.5.2.3.            By Propulsion Type Market Share Analysis

7.3.6.    United Kingdom Air Taxi Market Outlook

7.3.6.1.        Market Size & Forecast

7.3.6.1.1.            By Value

7.3.6.2.        Market Share & Forecast

7.3.6.2.1.            By Aircraft Type Market Share Analysis

7.3.6.2.2.            By Mode of Operation Type Market Share Analysis

7.3.6.2.3.            By Propulsion Type Market Share Analysis

7.3.7.    Belgium Air Taxi Market Outlook

7.3.7.1.        Market Size & Forecast

7.3.7.1.1.            By Value

7.3.7.2.        Market Share & Forecast

7.3.7.2.1.            By Aircraft Type Market Share Analysis

7.3.7.2.2.            By Mode of Operation Type Market Share Analysis

7.3.7.2.3.            By Propulsion Type Market Share Analysis

8.    North America Air Taxi Market Outlook

8.1.  Market Size & Forecast

8.1.1.    By Value

8.2.  Market Share & Forecast

8.2.1.    By Aircraft Type Market Share Analysis

8.2.2.    By Mode of Operation Type Market Share Analysis

8.2.3.    By Propulsion Type Market Share Analysis

8.2.4.    By Country Market Share Analysis

8.2.4.1.        United States Market Share Analysis

8.2.4.2.        Mexico Market Share Analysis

8.2.4.3.        Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.    United States Air Taxi Market Outlook

8.3.1.1.        Market Size & Forecast

8.3.1.1.1.            By Value

8.3.1.2.        Market Share & Forecast

8.3.1.2.1.            By Aircraft Type Market Share Analysis

8.3.1.2.2.            By Mode of Operation Type Market Share Analysis

8.3.1.2.3.            By Propulsion Type Market Share Analysis

8.3.2.    Mexico Air Taxi Market Outlook

8.3.2.1.        Market Size & Forecast

8.3.2.1.1.            By Value

8.3.2.2.        Market Share & Forecast

8.3.2.2.1.            By Aircraft Type Market Share Analysis

8.3.2.2.2.            By Mode of Operation Type Market Share Analysis

8.3.2.2.3.            By Propulsion Type Market Share Analysis

8.3.3.    Canada Air Taxi Market Outlook

8.3.3.1.        Market Size & Forecast

8.3.3.1.1.            By Value

8.3.3.2.        Market Share & Forecast

8.3.3.2.1.            By Aircraft Type Market Share Analysis

8.3.3.2.2.            By Mode of Operation Type Market Share Analysis

8.3.3.2.3.            By Propulsion Type Market Share Analysis

9.    South America Air Taxi Market Outlook

9.1.  Market Size & Forecast

9.1.1.    By Value

9.2.  Market Share & Forecast

9.2.1.    By Aircraft Type Market Share Analysis

9.2.2.    By Mode of Operation Type Market Share Analysis

9.2.3.    By Propulsion Type Market Share Analysis

9.2.4.    By Country Market Share Analysis

9.2.4.1.        Brazil Market Share Analysis

9.2.4.2.        Argentina Market Share Analysis

9.2.4.3.        Colombia Market Share Analysis

9.2.4.4.        Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.    Brazil Air Taxi Market Outlook

9.3.1.1.        Market Size & Forecast

9.3.1.1.1.            By Value

9.3.1.2.        Market Share & Forecast

9.3.1.2.1.            By Aircraft Type Market Share Analysis

9.3.1.2.2.            By Mode of Operation Type Market Share Analysis

9.3.1.2.3.            By Propulsion Type Market Share Analysis

9.3.2.    Colombia Air Taxi Market Outlook

9.3.2.1.        Market Size & Forecast

9.3.2.1.1.            By Value

9.3.2.2.        Market Share & Forecast

9.3.2.2.1.            By Aircraft Type Market Share Analysis

9.3.2.2.2.            By Mode of Operation Type Market Share Analysis

9.3.2.2.3.            By Propulsion Type Market Share Analysis

9.3.3.    Argentina Air Taxi Market Outlook

9.3.3.1.        Market Size & Forecast

9.3.3.1.1.            By Value

9.3.3.2.        Market Share & Forecast

9.3.3.2.1.            By Aircraft Type Market Share Analysis

9.3.3.2.2.            By Mode of Operation Type Market Share Analysis

9.3.3.2.3.            By Propulsion Type Market Share Analysis

10.  Middle East & Africa Air Taxi Market Outlook

10.1.           Market Size & Forecast

10.1.1. By Value

10.2.           Market Share & Forecast

10.2.1. By Aircraft Type Market Share Analysis

10.2.2. By Mode of Operation Type Market Share Analysis

10.2.3. By Propulsion Type Market Share Analysis

10.2.4. By Country Market Share Analysis

10.2.4.1.     Turkey Market Share Analysis

10.2.4.2.     Iran Market Share Analysis

10.2.4.3.     Saudi Arabia Market Share Analysis

10.2.4.4.     UAE Market Share Analysis

10.2.4.5.     Rest of Middle East & Africa Market Share Analysis

10.3.           Middle East & Africa: Country Analysis

10.3.1. Turkey Air Taxi Market Outlook

10.3.1.1.     Market Size & Forecast

10.3.1.1.1.         By Value

10.3.1.2.     Market Share & Forecast

10.3.1.2.1.         By Aircraft Type Market Share Analysis

10.3.1.2.2.         By Mode of Operation Type Market Share Analysis

10.3.1.2.3.         By Propulsion Type Market Share Analysis

10.3.2. Iran Air Taxi Market Outlook

10.3.2.1.     Market Size & Forecast

10.3.2.1.1.         By Value

10.3.2.2.     Market Share & Forecast

10.3.2.2.1.         By Aircraft Type Market Share Analysis

10.3.2.2.2.         By Mode of Operation Type Market Share Analysis

10.3.2.2.3.         By Propulsion Type Market Share Analysis

10.3.3. Saudi Arabia Air Taxi Market Outlook

10.3.3.1.     Market Size & Forecast

10.3.3.1.1.         By Value

10.3.3.2.     Market Share & Forecast

10.3.3.2.1.         By Aircraft Type Market Share Analysis

10.3.3.2.2.         By Mode of Operation Type Market Share Analysis

10.3.3.2.3.         By Propulsion Type Market Share Analysis

10.3.4. UAE Air Taxi Market Outlook

10.3.4.1.     Market Size & Forecast

10.3.4.1.1.         By Value

10.3.4.2.     Market Share & Forecast

10.3.4.2.1.         By Aircraft Type Market Share Analysis

10.3.4.2.2.         By Mode of Operation Type Market Share Analysis

10.3.4.2.3.         By Propulsion Type Market Share Analysis

11.  SWOT Analysis

11.1.           Strength

11.2.           Weakness

11.3.           Opportunities

11.4.           Threats

12.  Market Dynamics

12.1.           Market Drivers

12.2.           Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.           Company Profiles (Up to 10 Major Companies)

14.1.1. Airbus SE

14.1.1.1.     Company Details

14.1.1.2.     Key Product Offered

14.1.1.3.     Financials (As Per Availability)

14.1.1.4.     Recent Developments

14.1.1.5.     Key Management Personnel

14.1.2. Textron Inc.

14.1.2.1.     Company Details

14.1.2.2.     Key Product Offered

14.1.2.3.     Financials (As Per Availability)

14.1.2.4.     Recent Developments

14.1.2.5.     Key Management Personnel

14.1.3. The Boeing Company

14.1.3.1.     Company Details

14.1.3.2.     Key Product Offered

14.1.3.3.     Financials (As Per Availability)

14.1.3.4.     Recent Developments

14.1.3.5.     Key Management Personnel

14.1.4. EHang Holdings Limited

14.1.4.1.     Company Details

14.1.4.2.     Key Product Offered

14.1.4.3.     Financials (As Per Availability)

14.1.4.4.     Recent Developments

14.1.4.5.     Key Management Personnel

14.1.5. Joby Aviation

14.1.5.1.     Company Details

14.1.5.2.     Key Product Offered

14.1.5.3.     Financials (As Per Availability)

14.1.5.4.     Recent Developments

14.1.5.5.     Key Management Personnel

14.1.6. Volocopter GmbH

14.1.6.1.     Company Details

14.1.6.2.     Key Product Offered

14.1.6.3.     Financials (As Per Availability)

14.1.6.4.     Recent Developments

14.1.6.5.     Key Management Personnel

14.1.7. Kitty Hawk Corporation

14.1.7.1.     Company Details

14.1.7.2.     Key Product Offered

14.1.7.3.     Financials (As Per Availability)

14.1.7.4.     Recent Developments

14.1.7.5.     Key Management Personnel

14.1.8. Hyundai Motor Company

14.1.8.1.     Company Details

14.1.8.2.     Key Product Offered

14.1.8.3.     Financials (As Per Availability)

14.1.8.4.     Recent Developments

14.1.8.5.     Key Management Personnel

14.1.9. Lilium GmbH

14.1.9.1.     Company Details

14.1.9.2.     Key Product Offered

14.1.9.3.     Financials (As Per Availability)

14.1.9.4.     Recent Developments

14.1.9.5.     Key Management Personnel

14.1.10.               Jaunt Air Mobility LLC

14.1.10.1.   Company Details

14.1.10.2.   Key Product Offered

14.1.10.3.   Financials (As Per Availability)

14.1.10.4.   Recent Developments

14.1.10.5.   Key Management Personnel

15.  Strategic Recommendations

15.1.           Key Focus Areas

15.1.1. Target Regions

15.1.2. Target Propulsion Type

15.1.3. Target Aircraft Type

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Figures and Tables

Frequently asked questions

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The market size of the Global Air Taxi Market was estimated to be USD 790 million in 2022.

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The air taxi industry has been subdivided into parallel hybrid, electric, turboshaft, and turboelectric, among others, based on propulsion type. The rising emphasis on the usage of fuel-efficient vehicles with long-distance coverage is increasing demand for air taxi parallel hybrid and turboelectric propulsion systems.

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Because of the availability of the requisite aviation infrastructure for urban air mobility, the North American area will be an early adopter of air taxi services in the next years. The United States, a prominent market in the area, is expected to create significant demand for Urban Air Mobility in the region. Along with strong consumer demand, highly developed air traffic control infrastructure and a rising emphasis on unmanned traffic management are likely to contribute to the region's market growth, as these are the perfect criteria for the operation of air taxi services.

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Rise in the demand of Advanced electric propulsion, autonomous technologies, and increase demand of ride sharing and mobility as a service, rapid urbanization and government support and initiatives is growing are the major drivers for the Global Air Taxi Market.

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Srishti Verma

Business Consultant
Press Release

Air Taxi Market to Grow with a CAGR of 16.4% through 2028

Oct, 2023

Rise in the demand of Advanced electric propulsion, autonomous technologies, and increase demand of ride sharing and mobility as a service is driving the Global Air Taxi Market in the forecast period

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