How big is the Air Taxi Market?

The Air Taxi Market size is expected to reach USD 1.41 billion in 2024 and grow at a CAGR of 23.32% to reach USD 4.04 billion by 2029. Read More

What is the current Air Taxi Market size?

In 2024, the Air Taxi Market size is expected to reach USD 1.41 billion. Read More

Who are the key players in Air Taxi Market?

Volocopter GmbH, Joby Aero, Inc., Jaunt Air Mobility Corporation, Guangzhou EHang Intelligent Technology Co. Ltd. and Lilium GmbH are the major companies operating in the Air Taxi Market. Read More

Which is the fastest growing region in Air Taxi Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Air Taxi Market?

In 2024, the North America accounts for the largest market share in Air Taxi Market. Read More

What years does this Air Taxi Market cover, and what was the market size in 2023?

In 2023, the Air Taxi Market size was estimated at USD 1.08 billion. The report covers the Air Taxi Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Air Taxi Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Air Taxi Market - Size, Share & Industry Analysis

Air Taxi Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Air Taxi Market Report is Segmented by Mode of Operation (Autonomous and Piloted) and Geography (North America, Europe, Asia-pacific, Latin America, And the Middle East and Africa). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Air Taxi Industry Overview

The market of air taxi market is semi-consolidated in nature and is characterized by various operators. Volocopter GmbH, Guangzhou EHang Intelligent Technology Co. Ltd, Jaunt Air Mobility Corporation, Lilium GmbH, and Joby Aero, Inc. are some of the prominent players in the air taxi market.

The market is in the nascent stage, and companies in this market are developing prototype models of their aircraft for air taxi systems. The companies are implementing various business strategies such as partnerships, agreements, increasing R&D investments, etc., to gain a competitive edge over other players in the forecast period.

The threat of new entrants in this domain is moderate as the initial cost of research and development, as well as technical expertise, is high. Traditional aircraft manufacturing companies, such as The Boeing Company, are also increasing their investments in the market. For instance, in January 2022, The Boeing Company invested around USD 450 million in the advanced air mobility (AAM) company Wisk Aero. The investment is expected to support Wisk in developing and certification 6th-generation eVTOL aircraft. The increasing necessity for cleaner and congestion-free modes of transportation and the changing government regulations are expected to attract new players, increasing competitive rivalry in the market.