Air Taxi Market Size, Share, and Growth Analysis

Global Air Taxi Market

Air Taxi Market By Range (Intercity (100 Kilometers To 400 Kilometers), Intracity (20 Kilometers To 100 Kilometers)), By Mode Of Operation (Optionally Piloted, Piloted), By Type, By Region - Industry Forecast 2025-2032


Report ID: SQMIG20S2024 | Region: Global | Published Date: January, 2025
Pages: 194 |Tables: 86 |Figures: 71

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Air Taxi Market Insights

Air Taxi Market size was valued at USD 1.38 billion in 2023 and is poised to grow from USD 1.8 billion in 2024 to USD 15.04 billion by 2032, growing at a CAGR of 30.4% during the forecast period (2025-2032).

The air taxi market flourishes to a development, where few major trends change the future of air transportation in cities. One significant one is the increasing interest and revenues in electric vertical takeoff and landing (eVTOL) aircraft. Several of such companies have developed eVTOL, promising cleaner and quieter ways of transport modes inside urban locations due to the present technologies and innovation in electric powertrain. It also justifies the broader interest of the people in sustainable avionics systems around the globe, thus addressing the problems of noise pollution and byproducts from fossil fuels. The growth of numerous new companies and well-established aviation organizations going all out is another significant trend in the air taxi industry.

As the industry grows, collaboration between aviation companies and innovation enterprises is becoming more common, which accelerates the development of air taxis. One of the most innovative trends in the air taxi industry is the combination of autonomous flight technology. While not yet largely available, there's a clear direction toward the creation and evaluation of fully autonomous capabilities within the dimension of air taxis. This design, which incorporates artificial intelligence and advanced sensors, promises a more secure and reliable performance of such air taxi administrations. The potential for self-directed air taxis is rapidly becoming a significant reality as legal frameworks are developed to require autonomous flying vehicles.

Market snapshot - 2025-2032

Global Market Size

USD 1.38 billion

Largest Segment

Intercity

Fastest Growth

Intracity

Growth Rate

30.4% CAGR

Global Air Taxi Market ($ Bn)
Country Share by North America (%)

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Air Taxi Market Segments Analysis

Global Air Taxi Market is segmented by Range, Mode Of Operation, Type and region. Based on Range, the market is segmented into Intercity (100 Kilometers To 400 Kilometers) and Intracity (20 Kilometers To 100 Kilometers). Based on Mode Of Operation, the market is segmented into Optionally Piloted and Piloted. Based on Type, the market is segmented into Air Taxi Platform Services, Air Taxi Mro Services and Air Taxi Pilot Training Services. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Analysis by Range

As per categorization by range, the market is classified as intercity and intracity. Among these, intercity earned the largest share and continues to hold the dominant global air taxi market share. The innovations in air taxi intercity reach are making rapid advancement as eVTOLs take center stage in providing more sustainable, fast, and efficient transportation. This is enabling urban air mobility services to link megacities and decongest and shorten travel time. Clearly, intercity range applications dominate market development as they address the capacity for longer efficiency travel while changing the travel culture between metropolitan cities: traveling faster, traveling cheaper, traveling more sustainably.

Intracity range is expected to be the fastest-growing segment of the global air taxi market due to its alignment with the increasing demand for urban mobility solutions. The traffic congestion and increasing commuter time have grabbed the cities into the reality of offering intracity air taxis as a possible solution for fast and efficient travel within a metropolitan region. Advancements in eVTOL or electric vertical takeoff and landing aircraft bring the operation cost down while making them greener, making such services more affordable. Even more, investments on behalf of the government in urban air mobility infrastructure and regulatory support have fast-tracked the implementation of intracity air taxis, thereby assuring rapid growth in this segment.

Analysis by Aircraft Type

Quadcopter aircraft are gaining significant traction in the global air taxi market due to their advanced capabilities and efficient design. Such aircraft are provided with vertical take-off and landing (VTOL) capabilities, which are very much suited for cities in which these were designed for limited spaces. Advancement in battery technology, systems for autonomous flight and lightweight materials has paved the way for better performance and cost savings. Quadcopter aircraft tend to dominate the market due t their versatility, ease of use, and cost-effectiveness when compared to any other class of aircraft. They are always preferred for air mobility solutions due to their possibilities of traveling through crowded urban regions while maintaining stability and safety.

Multicopter aircraft are poised to be the fastest-growing segment in the global air taxi market due to their superior stability, scalability, and safety features. Multicopters have several rotors that provide redundancy, making them unlike other helicopters and fixed-wing aircraft in the event that one rotor fails, making them ideal for urban air mobility, where safety and reliability are paramount. The drive for battery technology, lightweight materials, and autonomous navigation systems is also making multicopters cost-effective and efficient. Their dominance in the area will be insurmountable in future air taxis as the demand for greener, more effective, and safer air mobility solutions ramps up.

Global Air Taxi Market By Type (%)

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Air Taxi Market Regional Insights

North America dominates the global air taxi market due to a combination of strong technological advancements, substantial investment, and supportive regulatory frameworks. There are prominent participants in urban air mobility, including traditional aerospace manufacturers and startup companies venturing on new innovations in electric vertical takeoff and landing (eVTOL). Besides, governments are investing in the creation of air taxis through approving infrastructure and regulations, as well as funding initiatives. The integrated transportation networks that North America has, as well as the strong demand among its consumers for efficient mobility solutions and sustainability, can be of great help towards leading the future of air taxi services.

Europe is the fastest-growing region in the global air taxi market due to its strong focus on sustainability, innovation, and regulatory support for urban air mobility (UAM). European nations are leading in the cutting-edge development of electric vertical takeoff and landing (eVTOL) aircraft. Stakeholders involved in the project work toward relieving urban congestion and carbon footprint development requirements. The European Union is already at the forefront of blueprinting policies and frameworks that would promote the development and integration of air taxi services. Cities like Paris, London, and Munich are working on air-mobility hubs, thereby creating demand for cleaner, faster, and more efficient urban transport.

Global Air Taxi Market By Geography
  • Largest
  • Fastest

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Air Taxi Market Dynamics

Air Taxi Market Drivers

Investment and Strategic Partnerships

  • The global air taxi market is now witnessing a boost due to increased investments coming from both private and public sectors as well as the establishment of partnerships in the strategic sense. Significant amounts of cash are being pumped by giant aerospace firms, tech startups, and venture capitalists into the development of air taxi technologies. All these efforts are not only accelerating innovation but also easing market entry, thus making air taxis a reality.

Consumer Demand for Efficient Urban Mobility

  • This air taxi market is generated from the rising demand for fast, efficient, and convenient solutions for urban mobility. Consumers want to move beyond the current mode of transportation such as cars, buses, trains, and taxis as cities become busier and such means of transport don't generate shorter commute times and create little better access. Air taxis are now being touted as possible solutions for urban mobility.

Air Taxi Market Restraints

Infrastructure Development Challenges

  • The absence of a fitting-built environment for air taxis, such as vertiports, charging stations as well as maintenance facilities, has become one key restraint. Establishing such specialized hubs will involve big-time investments and collaboration between the public sector and the private sector. This would be the infrastructure without which air taxi could never be popularly adopted.

Public Perception and Safety Concerns

  • Public perception and concerns about safety are key restraints on the global air taxi market growth. New transportation technologies which appear to be in a state of infancy often lead to indecision on the part of potential passengers due mainly to their fears about reliability, safety, and accidents. They will be able to overcome these obstacles only through much effort at safety certifications and public education.

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Air Taxi Market Competitive Landscape

Despite being highly competitive, the global air taxi market consists of many budding companies working toward designing urban air mobility systems which are different, innovative, green and sustainable in operation. Some of the notable international players include Volocopter, Lilium, Joby Aviation and Vertical Aerospace. All four companies focus their activities mostly on high-efficacy development of eVTOL technology, advocacy for required regulatory approvals, and forming strategic partnerships with other players to fulfill their specific business models. Investment inflow into this market continues to grow while creating rapid technological advancement, along with creating a significant interest by government and other stakeholders in developing future networks for urban air transportation.

Top Players in Air Taxi Market

  • Joby Aviation (United States)
  • Archer Aviation (United States) 
  • EHang (China) 
  • Volocopter GmbH (Germany) 
  • Lilium GmbH (Germany) 
  • Vertical Aerospace (United Kingdom) 
  • Wisk Aero LLC (United States) 
  • Eve Air Mobility (Brazil) 
  • Supernal (United States) 
  • Overair (United States) 
  • Airbus SE (Netherlands) 
  • The Boeing Company (United States) 
  • Textron Inc. (United States) 
  • Hyundai Motor Company (South Korea) 
  • Embraer S.A. (Brazil) 
  • Beta Technologies Inc. (United States) 
  • Jaunt Air Mobility LLC (United States) 
  • Skyports AeroSystems Ltd. (United Kingdom) 
  • Neva Aerospace Ltd. (United Kingdom) 
  • Zeva Aero Inc. (United States)

Recent Developments

  • In October 2024, The American company Joby Aviation has crossed a significant milestone by getting the design of its electric vertical takeoff and landing vehicles approved by the Federal Aviation Administration; giving it an important boost towards launching air taxi services, narrowing the field down to the important regulatory approval aspect.
  • In September 2024, Lilium, headquartered in Germany, successfully completed a test flight of its second-generation eVTOL aircraft. The new prototype demonstrated improved range, speed, and payload capacity, advancing Lilium’s goal to provide high-performance urban air mobility solutions. This development enhances their prospects for commercialization by 2025.
  • In August 2024, Chinese firm Ehang has revealed its alliance with several major European cities to examine possible urban air mobility infrastructures. The partnership will focus on creating vertiports and air traffic management systems as part of Ehang's European expansion. Therefore, it is an intended event for such sustainable air taxi networks in the future within major metropolitan regions.

Air Taxi Key Market Trends

Air Taxi Market SkyQuest Analysis

SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

As per SkyQuest analysis, the global air taxi industry is booming worldwide today, due to the continued innovation in such areas as electric propulsion, autonomous flight systems, and interesting collaborations among the major industry players. The development of eVTOL aircraft is not only transforming urban mobility but also addressing environmental concerns and the need for faster, efficient transportation.

As investment, regulatory support, and infrastructure developments keep gaining strength, the air taxi future seems bright with both intercity and intracity solutions to offer revolutionary transportation options in the near future. Today, it is continuously expanding in the market and is expected to change how cities perceive urban mobility and congestion challenges.

Report Metric Details
Market size value in 2023 USD 1.38 billion
Market size value in 2032 USD 15.04 billion
Growth Rate 30.4%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Range
    • Intercity (100 Kilometers To 400 Kilometers)
    • Intracity (20 Kilometers To 100 Kilometers)
  • Mode Of Operation
    • Optionally Piloted
    • Piloted
  • Type
    • Air Taxi Platform Services
    • Air Taxi Mro Services
    • Air Taxi Pilot Training Services
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Joby Aviation (United States)
  • Archer Aviation (United States) 
  • EHang (China) 
  • Volocopter GmbH (Germany) 
  • Lilium GmbH (Germany) 
  • Vertical Aerospace (United Kingdom) 
  • Wisk Aero LLC (United States) 
  • Eve Air Mobility (Brazil) 
  • Supernal (United States) 
  • Overair (United States) 
  • Airbus SE (Netherlands) 
  • The Boeing Company (United States) 
  • Textron Inc. (United States) 
  • Hyundai Motor Company (South Korea) 
  • Embraer S.A. (Brazil) 
  • Beta Technologies Inc. (United States) 
  • Jaunt Air Mobility LLC (United States) 
  • Skyports AeroSystems Ltd. (United Kingdom) 
  • Neva Aerospace Ltd. (United Kingdom) 
  • Zeva Aero Inc. (United States)
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Air Taxi Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Air Taxi Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Air Taxi Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Air Taxi Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Air Taxi Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Air Taxi Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Global Air taxi Market size was valued at USD 1.38 Billion in 2023 poised to grow from USD 1.80 Billion in 2024 to USD 15.07 Billion by 2032, growing at a CAGR of 30.4% in the forecast period (2025-2032).

Key vendors in AI Market are: 'Volocopter (Germany)', 'Lilium (Germany)', 'Joby Aviation (USA)', 'Vertical Aerospace (UK)', 'AeroMobil (Slovakia)', 'Urban Aeronautics (USA)', 'Pipistrel (Slovenia)', 'Vertical Flight Corporation (USA)', 'Kitty Hawk (USA)', 'Terrafugia (USA)', 'EHang (China)', 'SkyDrive (Japan)', 'Bold Aerospace (USA)', 'Ascendance Flight Technologies (France)', 'Quantum Systems (Germany)'"     

The global air taxi market is now witnessing a boost due to increased investments coming from both private and public sectors as well as the establishment of partnerships in the strategic sense. Significant amounts of cash are being pumped by giant aerospace firms, tech startups, and venture capitalists into the development of air taxi technologies. All these efforts are not only accelerating innovation but also easing market entry, thus making air taxis a reality.

Shift Toward Electric Propulsion Systems: Advancement in electric eVTOL aircraft features high electric propulsive engines in its feature developments for advanced use as an air taxi. Further, companies are focusing on sustenance by developing zero-emission vehicles, thus significantly reducing overhead operational cost and environmental impact, which eventually leads to the increased demand for cleaner and more efficient air transport modes of transport from and into urban regions.

North America dominates the global air taxi market due to a combination of strong technological advancements, substantial investment, and supportive regulatory frameworks. There are prominent participants in urban air mobility, including traditional aerospace manufacturers and startup companies venturing on new innovations in electric vertical takeoff and landing (eVTOL). Besides, governments are investing in the creation of air taxis through approving infrastructure and regulations, as well as funding initiatives. The integrated transportation networks that North America has, as well as the strong demand among its consumers for efficient mobility solutions and sustainability, can be of great help towards leading the future of air taxi services.

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Global Air Taxi Market
Air Taxi Market

Report ID: SQMIG20S2024

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