Air Taxi Market Size, Growth, Trends | Report 2023-2032
The global air taxi market was surpassed at USD 1,031.93 million in 2022 and is expected to hit around USD 10,599.28 million by 2032, growing at a CAGR of 26.23% from 2023 to 2032.
Key Pointers
Report Scope of the Air Taxi Market
| Report Coverage | Details |
| Market Size in 2022 | USD 1,031.93 million |
| Revenue Forecast by 2032 | USD 10,599.28 million |
| Growth rate from 2023 to 2032 | CAGR of 26.23% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | Airbus S.A.S., Beechcraft Corporation (subsidiary of Textron Aviation), Boeing, Dassault Systèmes, Embraer, EHANG, Hyundai Motor Company, Lilium, Volocopter GmbH, Uber Technologies |
The global air taxi market is a well-organized aircraft and is an easy solution to commute over shorter distances. Its compact size and operational capabilities allow it to land and take-off from shorter runways. It is expected to be operated via smaller local airports with less or no air traffic, and which are closer to passenger’s destination. Additionally, the smaller size of air taxis expands its reach to remote locations and places with improper infrastructure.
Moreover, factors such as increasing efforts on providing access to urban areas, and government initiatives pertaining to smart city projects also expected to bolster the demand for the air taxi market over the coming years. Additionally, increasing traffic congestion in developed cities such as Los Angeles already have lucrative opportunities for vertical mobility in the form of air taxis. However, factors such as the high differential fare between air taxi and on-road transportation, and stringent regulations related to aviation license may hamper the market growth over the next decade.
The Air taxi market has been segmented based on component, aircraft type, passenger capacity, propulsion type, and region. Based on components, the market has been segmented into hardware, and software & services. The software & services segment is expected to grow swiftly over the forecast period. The service providers are focusing to develop software, which ensures smooth operation and deployment of air taxis by managing the air routes and minimizing air congestion.
Based on propulsion type, the Air taxi market has been segmented into sub-divided into a parallel hybrid, electric, turboshaft, and turboelectric among others. The growing focus on the use of fuel-efficient vehicles with long-distance coverage is augmenting the demand for parallel hybrid and turboelectric propulsion systems for air taxis. Similarly, the aircraft type segment is analyzed for Multicopter, Side-by-Side aircraft, Tiltwing aircraft, and Tiltrotor aircraft among others. However, based on passenger capacity, the market has been segmented into one, two, four, six, fifteen, and thirty passengers.
North America is expected to dominate the market, due to the high traffic congestion in the U.S., Canada. For instance, Los Angeles was ranked among the top cities with the highest traffic congestion. Similarly, London is one of the most congested European cities where drivers spend an average of 72 hrs. per year in traffic congestion. Therefore, Uber has announced to launch its air taxi service by 2023 in some of the most congested cities of the U.S. including Los Angeles.
Asia Pacific is expected to witness a considerable CAGR due to the presence of emerging economies such as China, Japan, and India. These countries have immense growth potential owing to increasing traffic congestion, growing preference for faster modes of travel, and rising disposable income. By 2050 approximately 68% of the world’s population is expected to move to cities, which in turn would increase the traffic congestion, thereby increasing the demand for air taxis.
Air Taxi Market Segmentations:
| By Component | By Propulsion Type | By Aircraft Type | By Passenger Capacity |
|
Hardware Software & Services |
Parallel Hybrid Electric Turboshaft Turboelectric |
Multicopter Quadcopter Others |
One Two Four More than six |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Air Taxi Market
5.1. COVID-19 Landscape: Air Taxi Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Air Taxi Market, By Component
8.1. Air Taxi Market, by Component, 2023-2032
8.1.1. Hardware
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Software & Services
8.1.2.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Air Taxi Market, By Propulsion Type
9.1. Air Taxi Market, by Propulsion Type, 2023-2032
9.1.1. Parallel Hybrid
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Electric
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Turboshaft
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Turboelectric
9.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Air Taxi Market, By Aircraft Type
10.1. Air Taxi Market, by Aircraft Type, 2023-2032
10.1.1. Multicopter
10.1.1.1. Market Revenue and Forecast (2020-2032)
10.1.2. Quadcopter
10.1.2.1. Market Revenue and Forecast (2020-2032)
10.1.3. Others
10.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 11. Global Air Taxi Market, By Passenger Capacity
11.1. Air Taxi Market, by Passenger Capacity, 2023-2032
11.1.1. One
11.1.1.1. Market Revenue and Forecast (2020-2032)
11.1.2. Two
11.1.2.1. Market Revenue and Forecast (2020-2032)
11.1.3. Four
11.1.3.1. Market Revenue and Forecast (2020-2032)
11.1.4. More than six
11.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 12. Global Air Taxi Market, Regional Estimates and Trend Forecast
12.1. North America
12.1.1. Market Revenue and Forecast, by Component (2020-2032)
12.1.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.1.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.1.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.1.5. U.S.
12.1.5.1. Market Revenue and Forecast, by Component (2020-2032)
12.1.5.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.1.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.1.5.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.1.6. Rest of North America
12.1.6.1. Market Revenue and Forecast, by Component (2020-2032)
12.1.6.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.1.6.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.1.6.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.2. Europe
12.2.1. Market Revenue and Forecast, by Component (2020-2032)
12.2.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.2.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.2.5. UK
12.2.5.1. Market Revenue and Forecast, by Component (2020-2032)
12.2.5.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.2.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.5.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.2.6. Germany
12.2.6.1. Market Revenue and Forecast, by Component (2020-2032)
12.2.6.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.2.6.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.6.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.2.7. France
12.2.7.1. Market Revenue and Forecast, by Component (2020-2032)
12.2.7.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.2.7.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.7.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.2.8. Rest of Europe
12.2.8.1. Market Revenue and Forecast, by Component (2020-2032)
12.2.8.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.2.8.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.2.8.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.3. APAC
12.3.1. Market Revenue and Forecast, by Component (2020-2032)
12.3.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.3.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.3.5. India
12.3.5.1. Market Revenue and Forecast, by Component (2020-2032)
12.3.5.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.3.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.5.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.3.6. China
12.3.6.1. Market Revenue and Forecast, by Component (2020-2032)
12.3.6.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.3.6.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.6.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.3.7. Japan
12.3.7.1. Market Revenue and Forecast, by Component (2020-2032)
12.3.7.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.3.7.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.7.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.3.8. Rest of APAC
12.3.8.1. Market Revenue and Forecast, by Component (2020-2032)
12.3.8.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.3.8.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.3.8.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.4. MEA
12.4.1. Market Revenue and Forecast, by Component (2020-2032)
12.4.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.4.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.4.5. GCC
12.4.5.1. Market Revenue and Forecast, by Component (2020-2032)
12.4.5.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.4.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.5.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.4.6. North Africa
12.4.6.1. Market Revenue and Forecast, by Component (2020-2032)
12.4.6.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.4.6.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.6.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.4.7. South Africa
12.4.7.1. Market Revenue and Forecast, by Component (2020-2032)
12.4.7.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.4.7.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.7.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.4.8. Rest of MEA
12.4.8.1. Market Revenue and Forecast, by Component (2020-2032)
12.4.8.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.4.8.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.4.8.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.5. Latin America
12.5.1. Market Revenue and Forecast, by Component (2020-2032)
12.5.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.5.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.5.5. Brazil
12.5.5.1. Market Revenue and Forecast, by Component (2020-2032)
12.5.5.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.5.5.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.5.5.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
12.5.6. Rest of LATAM
12.5.6.1. Market Revenue and Forecast, by Component (2020-2032)
12.5.6.2. Market Revenue and Forecast, by Propulsion Type (2020-2032)
12.5.6.3. Market Revenue and Forecast, by Aircraft Type (2020-2032)
12.5.6.4. Market Revenue and Forecast, by Passenger Capacity (2020-2032)
Chapter 13. Company Profiles
13.1. Airbus S.A.S.
13.1.1. Company Overview
13.1.2. Product Offerings
13.1.3. Financial Performance
13.1.4. Recent Initiatives
13.2. Beechcraft Corporation (subsidiary of Textron Aviation)
13.2.1. Company Overview
13.2.2. Product Offerings
13.2.3. Financial Performance
13.2.4. Recent Initiatives
13.3. Boeing
13.3.1. Company Overview
13.3.2. Product Offerings
13.3.3. Financial Performance
13.3.4. Recent Initiatives
13.4. Dassault Systèmes
13.4.1. Company Overview
13.4.2. Product Offerings
13.4.3. Financial Performance
13.4.4. Recent Initiatives
13.5. Embraer
13.5.1. Company Overview
13.5.2. Product Offerings
13.5.3. Financial Performance
13.5.4. Recent Initiatives
13.6. EHANG
13.6.1. Company Overview
13.6.2. Product Offerings
13.6.3. Financial Performance
13.6.4. Recent Initiatives
13.7. Hyundai Motor Company
13.7.1. Company Overview
13.7.2. Product Offerings
13.7.3. Financial Performance
13.7.4. Recent Initiatives
13.8. Lilium
13.8.1. Company Overview
13.8.2. Product Offerings
13.8.3. Financial Performance
13.8.4. Recent Initiatives
13.9. Volocopter GmbH
13.9.1. Company Overview
13.9.2. Product Offerings
13.9.3. Financial Performance
13.9.4. Recent Initiatives
13.10. Uber Technologies
13.10.1. Company Overview
13.10.2. Product Offerings
13.10.3. Financial Performance
13.10.4. Recent Initiatives
Chapter 14. Research Methodology
14.1. Primary Research
14.2. Secondary Research
14.3. Assumptions
Chapter 15. Appendix
15.1. About Us
15.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers