Increasingly growing semiconductor sector is expected to drive market expansion in the near future at a CAGR of 26.58% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Air Taxi Market”.

The air taxi market is estimated to register a CAGR of 26.58% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global air taxi market - Airbus S.A.S., Uber Technologies, Beechcraft Corporation (subsidiary of Textron Aviation), Dassault Systèmes, Hyundai Motor Company, EHANG, Boeing, Volocopter GmbH, Embraer, and Lilium.

Market Highlights

The global air taxi market is accounted to register a CAGR of 26.58% during the forecast period and is estimated to reach USD 6.882 billion by 2032.

Globally, there is a growing need for more effective and better transportation systems. This is one of the main elements favorably impacting the industry, along with the increasing number of cars on the road and their detrimental effects on the environment. In addition, the aviation and transportation sectors' notable growth is fostering market expansion. Leading industry participants also consistently finance research and development (R&D) projects to bring about a number of technical innovations. Additionally, they are launching a connected and integrated multimodal transportation network that gives customers access to emergency services, on-demand air mobility, and commodities delivery.

Segment Analysis

The global air taxi market has been segmented into range, mode of operation, and type.

On the basis of range, the market is segmented into Intercity (100 Kilometers to 400 Kilometers) and Intracity (20 Kilometers to 100 Kilometers). The intercity (100 kilometers to 400 kilometers) segment was attributed to holding the largest market share in 2022. This segment's goal is to enable more swift and effective transit between cities in order to provide a balance between convenience and speed for regional travel. Providing a more direct and seamless link between cities within the authorized distance range and cutting down on travel time are the primary objectives.

Based on mode of operation, the global air taxi market has been segmented into Optionally Piloted and Piloted. The piloted segment was expected to hold the largest market share in 2022 because both governmental and private organizations are investing greater funds in the development of state-of-the-art transportation infrastructure. The arrival of novel aircraft that are originally flown by pilots has an additional effect on the market.

On the basis of type, the market is segmented into Air Taxi Platform Services, Air Taxi MRO Services, and Air Taxi Pilot Training Services. The air taxi platform services segment was attributed to holding the largest market share in 2022. Air taxi platform services, which provide the infrastructure and technology needed to connect passengers and operators, facilitate reservations, scheduling, and other logistical parts of flying in an air taxi.

Access full report @ https://www.marketresearchfuture.com/reports/air-taxi-market-13981

Regional Analysis

The global air taxi market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe air taxi market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The air taxi market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World air taxi market comprises of Middle East, Africa, and Latin America.

The largest market share for air taxi was maintained by the North American regional sector due to customers' strong affinity for flying and an increase in aviation traffic. Furthermore, the target market's expansion in this region is anticipated to be further supported by the entry of a new, creative solution and the existence of significant companies operating in the nation. In North Carolina in 2019, EHang conducted fully autonomous flight with its two-seater self-flying taxi, the EHang 216. Presently, EHang is striving to expand that authorization to include passenger flights.

Moreover, the Europe market has been persistently growing over the forecast period. The first is that the feasibility and appeal of flying within cities have grown due to advancements in electric and autonomous aircraft technologies. These innovations could provide efficient and green mobility solutions, reducing emissions and traffic in densely populated areas like London. The UK government is supporting the expansion of the air taxi industry. In addition to initiating initiatives to support clean transportation, they have set targets for airplanes to have zero emissions by 2050.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period primarily because the government invests a lot of money in smart city projects. Furthermore, it is anticipated that growing public-private collaborations for research and development as well as to support the air transportation infrastructure will aid in the expansion of the regional market. In order to create air taxis, VTOL Aviation Pvt. Ltd. partnered with the Indian Institute of Technology, Kanpur, in 2019. The company plans to introduce its first air taxi by 2025.

Furthermore, the rest of the world's air taxi market is divided into the Middle East, Africa, and Latin America. The rising population in the area is attributed for the market's expansion in rest of world. The need for modern, practical transportation options is primarily driven by the region's growing population, which also leads to worsening traffic issues. These demands serve as evidence of the need for air taxis in the area.

Key Findings of the Study

• The global air taxi market is expected to reach USD 6.882 billion by 2032, at a CAGR of 26.58% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the fact that government funding for smart city initiatives is substantial. Moreover, it is expected that increasing public-private partnerships for R&D and infrastructural assistance for aviation would contribute to the growth of the regional industry.


• Based on mode of operation, the piloted segment was attributed to holding the largest market in 2022, with an approximate market share of 55%.


• Airbus S.A.S., Uber Technologies, Beechcraft Corporation (subsidiary of Textron Aviation), Dassault Systèmes, Hyundai Motor Company, EHANG, Boeing, Volocopter GmbH, Embraer, and Lilium