USD 1.38 billion
Report ID:
SQMIG20S2024 |
Region:
Global |
Published Date: January, 2025
Pages:
194
|Tables:
86
|Figures:
71
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
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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.
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.
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.
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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.
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Investment and Strategic Partnerships
Consumer Demand for Efficient Urban Mobility
Infrastructure Development Challenges
Public Perception and Safety Concerns
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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.
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 |
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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 |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
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.
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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Report ID: SQMIG20S2024
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