Air Taxi Market Share, Size, Industry Report 2023-28

Air Taxi Market Report by Propulsion Type (Parallel Hybrid, Electric, Turboshaft, Turboelectric), Aircraft Type (Multicopter, Quadcopter, and Others), Passenger Capacity (One, Two, Four, More than six), and Region 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A4767

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Market Overview:

The global air taxi market size reached US$ 972.8 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 2,721.1 Million by 2028, exhibiting a growth rate (CAGR) of 19.3% during 2023-2028.

An air taxi is a lightweight, energy-saving, and robust commercial airplane designed to travel shorter distances. Its compact size and operational capabilities help in landing and taking-off from shorter runways. An air taxi assists in covering distances between localities, which are not served by schedules airlines, and is restricted to a maximum payload and passenger capacity. Moreover, it is operated via smaller local airports with less or no air traffic as they are relatively closer to passengers’ destination. As a result, it is gaining immense traction around the world.

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Air Taxi Market Trends:

At present, there is a rise in the demand for better and efficient transportation system across the globe. This, coupled with the growing number of vehicles operating on the road and causing serious environmental impact, represents one of the key factors positively influencing the market. Apart from this, the significant expansion of the aviation and transportation industry, is contributing to market growth. Furthermore, leading market players are continuously funding research and development (R&D) activities to introduce several technological advancements. They are also introducing an integrated and connected multimodal transportation network that enables consumers to access on-demand air mobility, goods delivery, and emergency services. This, in confluence with the rising government initiates to provide air taxi services in urban areas, develop smart city projects and support the aviation industry worldwide, is creating a favorable market outlook. Other major factors, including the introduction of electric air taxi that is capable of taking off and land vertically and the development of full-scale flight test, the all-electric, self-piloted aircraft as an alternative mode of transportation, is projected to drive the market further.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global air taxi market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on propulsion type, aircraft type and passenger capacity.

Breakup by Propulsion Type:

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Parallel Hybrid
Electric
Turboshaft
Turboelectric

Breakup by Aircraft Type:

Multicopter
Quadcopter
Others

Breakup by Passenger Capacity:

One
Two
Four
More than six

Breakup by Region:

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North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Ab Corporate Aviation, Airbus SE, Fly Aeolus, Honeywell International Inc., Hyundai Motor Company, Joby Aviation, Kitty Hawk Corporation, Neva Aerospace Ltd., Nurol Holding, Skyway Air Taxi, Talkeetna Air Taxi Inc, and Volocopter GmbH.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Million
Segment Coverage	Propulsion Type, Aircraft Type, Passenger Capacity, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Ab Corporate Aviation, Airbus SE, Fly Aeolus, Honeywell International Inc., Hyundai Motor Company, Joby Aviation, Kitty Hawk Corporation, Neva Aerospace Ltd., Nurol Holding, Skyway Air Taxi, Talkeetna Air Taxi Inc, and Volocopter GmbH
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global air taxi market was valued at US$ 972.8 Million in 2022.

We expect the global air taxi market to exhibit a CAGR of 19.30% during 2023-2028.

The introduction of an integrated and connected multimodal transportation network, such as air taxi, that enables consumers to access on-demand air mobility, goods delivery, emergency services, etc., is primarily driving the global air taxi market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary restrictions on intra- and inter-national travel activities, thereby negatively impacting the global market for air taxis.

Based on the propulsion type, the global air taxi market has been segregated into parallel hybrid, electric, turboshaft, and turboelectric. Among these, electric currently holds the largest market share.

Based on the aircraft type, the global air taxi market can be bifurcated into multicopter, quadcopter, and others. Currently, multicopter exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global air taxi market include Ab Corporate Aviation, Airbus SE, Fly Aeolus, Honeywell International Inc., Hyundai Motor Company, Joby Aviation, Kitty Hawk Corporation, Neva Aerospace Ltd., Nurol Holding, Skyway Air Taxi, Talkeetna Air Taxi Inc, and Volocopter GmbH.

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