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Air Taxi Market Share

  • Report ID: GMI11308
  • Published Date: Sep 2024
  • Report Format: PDF

Air Taxi Market Share

Airbus and Boeing hold a significant share in the air taxi industry. Airbus holds a significant share in the market due to its extensive experience in the aerospace industry and its proactive approach to urban air mobility. The company has leveraged its vast resources and technological expertise to develop innovative air taxi solutions, such as the CityAirbus and Vahana projects. CityAirbus, an eVTOL aircraft, is designed for urban environments and aims to provide efficient, sustainable, and safe air transportation. Airbus's commitment to research & development, along with its strategic partnerships with technology companies and regulatory bodies, has positioned it as a leader in the burgeoning market. Additionally, Airbus's global presence and strong brand reputation instill confidence among stakeholders, including investors, customers, and regulatory authorities, further solidifying its market share.
 

Boeing's significant share in the air taxi market can be attributed to its long-standing dominance in the aerospace industry and its strategic investments in urban air mobility technologies. Boeing's subsidiary, Aurora Flight Sciences, has been at the forefront of developing eVTOL aircraft, such as the Passenger Air Vehicle (PAV), which aims to revolutionize urban transportation. Boeing's extensive experience in aircraft manufacturing, coupled with its robust R&D capabilities, enables it to innovate and bring advanced air taxi solutions to the market. The company's strong financial position allows it to invest heavily in the development of urban air mobility infrastructure, including vertiports and charging stations. Moreover, Boeing's collaboration with regulatory bodies, such as the Federal Aviation Administration (FAA), ensures that its air taxi solutions meet stringent safety and operational standards, fostering trust and reliability in its offerings. These factors collectively contribute to Boeing's significant share in the market.
 

Air Taxi Market Companies

Major players operating in the air taxi industry are:

  • Airbus
  • Boeing
  • Textron Aviation Inc.
  • Beta Technologies
  • Volocopter GmbH
  • EHANG
  • Lilium N.V.
Authors: Suraj Gujar , Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Global industry size for air taxi was valued at USD 2.3 billion in 2023 and is anticipated to register over 20% CAGR between 2024 and 2032, driven by advancements in battery and propulsion technology.

The electric segment in the air taxi market is expected to record 22% CAGR through 2032 due to advanced batteries and motors, offer zero emissions, quieter flights, and cost savings.

North America market held 30% revenue share in 2023, driven by a combination of technological innovation, significant investment, and favorable regulatory environment.

Airbus, Boeing, Textron Aviation Inc., Beta Technologies, Volocopter GmbH, EHANG, and Lilium N.V.

Air Taxi Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 392
  • Countries covered: 23
  • Pages: 210
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