Air Taxi Market by Type and Geography - Forecast and Analysis 2022-2026

The air taxi market share is expected to increase by USD 51.37 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 35.55%.

This air taxi market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers air taxi market segmentation by type (two-seat aircraft and four-seat aircraft) and geography (North America, Europe, APAC, South America, and MEA). The air taxi market report also offers information on several market vendors, including Airbus SE, Dassault Aviation Group, EHang Holdings Ltd., Embraer SA, Hyundai Motor Co., Lilium N.V, Textron Aviation Inc., The Boeing Co., Uber Technologies Inc., and Volocopter GmbH among others.

What will the Air Taxi Market Size be During the Forecast Period?

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Air Taxi Market: Key Drivers and Challenges

The growing investments in air taxi is notably driving the air taxi market growth, although factors such as regulatory concerns may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the air taxi industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Air Taxi Market Driver

Air taxis offer a promising transportation technology for the future, which has increased the investments in the development and implementation of air taxis globally. According to The Financial Times, and based on insights from the global consultancy firm McKinsey, investors have pledged $4.3 billion to electric air taxi startups worldwide in 2021. This funding combines venture capital funding and investors backing proposals through special purpose acquisition companies (SPACs). Volocopter, a startup out of southern Germany, has invested about $241 million in building and testing electric VTOL (vertical take-off and landing) aircraft. This is the companies 4th investment in the project. Similarly, many other companies like Uber, Toyota, Hyundai, Airbus, and Boeing are investing in air taxis to provide better air mobility in the future. 

Key Air Taxi Market Challenge

The development regulations for air taxis cover everything from vehicle safety, airworthiness, and traffic control to noise pollution, operator certification, and software security. Regulatory bodies such as the US Federal Aviation Administration are still working on the norms to manage and control unmanned aerial vehicles. None of the air taxis are yet certified to carry passengers. There are still open questions about safety. There is a significant difference between air taxis and traditional aircraft (namely, airplanes and helicopters). Air taxi does not have a good way of passively generating lift in the event of a power system failure. These safety concerns can hinder the market for air taxis during the forecast period.

This air taxi market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Air Taxi Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Airbus SE
• Dassault Aviation Group
• EHang Holdings Ltd.
• Embraer SA
• Hyundai Motor Co.
• Lilium N.V
• Textron Aviation Inc.
• The Boeing Co.
• Uber Technologies Inc.
• Volocopter GmbH

 

This statistical study of the air taxi market encompasses successful business strategies deployed by the key vendors. The air taxi market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The air taxi market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Air Taxi Market?

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30% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for air taxis in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Air Taxi Market?

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The air taxi market share growth by the two-seater aircraft segment will be significant during the forecast period. Air taxis using two-seater aircraft provide efficient operation and are intended for shorter distance travel. Various companies in the aviation and transportation industries are making investments in the development of air taxis across the globe. For instance, in June 2021, Archer Aviation, a US-based startup, launched a two-passenger electric aircraft model, which will serve as the basis for a future fleet of air taxis. Similarly, The ePlane Company, the India-based startup, raised $1 million in 2020 to develop two-seater electric taxis. Such investment and development plans will drive the demand in the segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the air taxi market size and actionable market insights on post COVID-19 impact on each segment.

 

Air Taxi Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 35.55%
Market growth 2022-2026	$ 51.37 billion
Market structure	Fragmented
YoY growth (%)	34.53
Regional analysis	North America, Europe, APAC, South America, and MEA
Performing market contribution	North America at 30%
Key consumer countries	US, Germany, China, UK, and Canada
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Airbus SE, Dassault Aviation Group, EHang Holdings Ltd., Embraer SA, Hyundai Motor Co., Lilium N.V, Textron Aviation Inc., The Boeing Co., Uber Technologies Inc., and Volocopter GmbH
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Air Taxi Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive air taxi market growth during the next five years
• Precise estimation of the air taxi market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the air taxi industry across North America, Europe, APAC, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of air taxi market vendors

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