Global Air Taxi Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Type;

Multicopter, Quadcopter and Others.

By Application;

Parallel Hybrid, Electric, Turboshaft and Turboelectric.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn288533444 Published Date: June, 2024 Updated Date: July, 2024

Introduction

Global Air Taxi Market (USD Million), 2020 - 2030

In the year 2023, the Global Air Taxi Market was valued at USD 1,296.76 million. The size of this market is expected to increase to USD 6,574.52 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 26.1%.

The Global Air Taxi Market represents a transformative segment within the broader aviation industry, poised to revolutionize urban mobility and transportation services. Air taxis, also known as urban air mobility (UAM) vehicles, offer on-demand, point-to-point transportation services utilizing small electric vertical takeoff and landing (eVTOL) aircraft. This emerging market segment aims to alleviate traffic congestion, reduce commuting times, and provide efficient transportation solutions for urban commuters, business travelers, and cargo delivery services. With the increasing urbanization of population centers and the growing demand for sustainable transportation alternatives, the air taxi market presents significant opportunities for innovation and growth in the aviation sector.

The advent of advanced technologies, including electric propulsion systems, autonomous flight controls, and urban air traffic management systems, has propelled the development of air taxis and enabled the realization of aerial mobility solutions. These innovative aircraft designs offer quiet, efficient, and environmentally friendly transportation options, with the potential to revolutionize urban transportation networks and redefine the concept of personal mobility. Moreover, partnerships between aerospace manufacturers, technology companies, and urban planning authorities are driving collaborative efforts to develop scalable air taxi infrastructure, regulatory frameworks, and operational models, paving the way for the commercialization and widespread adoption of air taxi services in cities around the world. As the air taxi market continues to evolve and mature, it holds promise as a disruptive force in urban transportation, offering safe, convenient, and sustainable mobility solutions for the future.

  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 Application
    3. Market Snapshot, By Region
  4. Global Air Taxi Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Urbanization and Traffic Congestion
        2. Technological Advancements
        3. Environmental Concerns and Demand
        4. Increasing Investment and Industry Collaboration
      2. Restraints
        1. Regulatory Hurdles and Airspace Integration Challenges
        2. Infrastructure Limitations and Landing Site Accessibility
        3. Safety and Certification Requirements
        4. High Initial Costs and Operational Expenses
      3. Opportunities
        1. Growth of Urban Air Mobility (UAM) Ecosystem
        2. Expansion of On-Demand Mobility Services
        3. Integration with Smart City Initiatives
        4. Development of Intermodal Transportation Solutions
    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. Global Air Taxi Market, By Type, 2020 - 2030 (USD Million)
      1. Multicopter
      2. Quadcopter
      3. Others
    2. Global Air Taxi Market, By Application, 2020 - 2030 (USD Million)
      1. Parallel Hybrid
      2. Electric
      3. Turboshaft
      4. Turboelectric
    3. Global Air Taxi Market, By Geography, 2020 - 2030 (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. Lilium GmbH
      2. Joby Aviation
      3. Volocopter GmbH
      4. Archer Aviation
      5. EHang Holdings Limited
      6. Vertical Aerospace
      7. Beta Technologies
      8. Kitty Hawk Corporation
      9. Airbus SE
      10. Boeing Company
  7. Analyst Views
  8. Future Outlook of the Market