The global air taxi market was valued at USD 1.47 billion in 2024 and is expected to grow from USD 1.75 billion in 2025 to USD 5.16 billion by 2032, reflecting a compound annual growth rate (CAGR) of 16.7% during the forecast period. In 2024, North America led the market, accounting for a substantial 38.1% share, driven by a strong presence of aerospace companies, early adoption of urban air mobility (UAM) solutions, and supportive regulatory frameworks.
https://www.fortunebusinessinsights.com/air-taxi-market-112983
Growing Demand for Urban Air Mobility and Electric Propulsion to Drive Market Growth
The air taxi market is witnessing rapid growth, propelled by urban congestion, demand for fast inter- and intra-city travel, and advancements in electric propulsion systems. These aircraft—capable of vertical takeoff and landing (VTOL)—are being designed for short-distance commutes, often within metropolitan areas, significantly reducing travel time and environmental impact.
Increasing investments from aerospace giants and tech startups are enabling the development of scalable and efficient air taxi infrastructure. Additionally, the adoption of AI-driven autonomous flying systems, battery advancements, and lightweight composite materials is further optimizing flight efficiency and safety.