According to a research report published by Spherical Insights & Consulting, the Global Electric Air Taxi Market Size Expected to Grow from USD 4.9 Billion in 2023 to USD 80.33 Billion by 2033, at a CAGR of 32.27% during the forecast period 2023-2033.

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An electric air taxi is a commercial aircraft designed for short-distance travel. The electric vertical take-off and landing technology (eVTOL) is used in an electric air taxi. So, as a result (eVTOL) technology is emerged with advanced motors, batteries, and control panels. Major requirements of air taxis especially in metro cities to reduce the traveling time and avoid more traffic congestion. So, this is the most viable option for transportation in urban nations and their cities. The market growth will be stimulated in the next few years by having an eco-friendly mode of transportation and rapid innovation in the technology sector. However, the start-up and big business sectors face some problems such as finances, availability of raw materials, and other requirements as well as high expenditure, and regular up-keep costs, which could hamper the market expansion.

Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the Global Electric Air Taxi Market Size, Share, and COVID-19 Impact Analysis, By Type (Two Seat, Four Seat), By Application (Military Use, Passenger Use, Delivery Use), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

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The two seat segment is anticipated to hold the largest share of the global electric air taxi market during the forecast period.         

On the basis of type, the global electric air taxi market is distributed into two seat and four seat. Among these, the two seat segment is anticipated to hold the largest share of the global electric air taxi market during the forecast period. These taxis are meant to transport a small number of passengers and provide a handy way to travel short to medium distances in cities or suburbs.

The passenger use segment is expected to grow at the fastest CAGR of the global electric air taxi market during the projection period.

Based on the application, the global electric air taxi market is categorized into military use, passenger use, delivery use. Among these, the passenger use segment is expected to grow at the fastest CAGR of the global electric air taxi market during the projection period. Passengers can book the air taxi through its websites and mobile app. The air taxi is significantly applicable in urban and metro cities because they face traffic congestion on a daily timeline and the air taxi provides a sufficient alternative mode to reduce travel time.

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North America is anticipated to hold the largest share of the global electric air taxi market during the forecast period.

The United States has emerged as a center of innovation, leading the way in the development of electric air taxis. Although the market has included some companies that are creating long-lasting car designs. Furthermore, many US-based air taxi startups, including Kitty Hawk Corporation, Wisk Aero, and Joby Aviation, are already creating frameworks for regional air taxi services.  So, there is a need for more environmentally friendly transportation and mobility businesses that help to expand the market growth.

Europe is expected to grow at the fastest CAGR growth of the global electric air taxi market during the forecast period. Regional authorities and aviation companies will work together to develop and test eVTOL prototypes. Therefore, the market expansion for electric air taxis will launch soon.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global electric air taxi market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global electric air taxi are General Motors, Hyundai, Uber, Archer, ImagineAir, Airstream Jets, Skymax, Propair, Volocopter, Boeing, Airbus, Toyota, Lilium, And Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Development

• In December 2024, Abu Dhabi and Archer Aviation agreed with cross-industry stakeholders to launch the first commercial electric air taxi flights. The agreement was signed under the auspices of the Smart and Autonomous Systems Council (SASC) and witnessed by His Highness Sheikh Hamdan bin Mohamed bin Zayed Al Nahyan.

• In October 2024, Bengaluru’s Kempegowda International Airport partnered with Sarla Aviation to launch electric flying taxis. This collaboration aimed to introduce seven-seater electric vertical take-off and landing (eVTOL) aircraft, offering a faster, cleaner, and more efficient mode of urban transportation

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global electric air taxi market based on the below-mentioned segments:

Global Electric Air Taxi Market, By Type

• Two Seat
• Four Seat

Global Electric Air Taxi Market, By Application

• Military Use
• Passenger Use
• Delivery Use

Global Electric Air Taxi Market, By Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa

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About the Spherical Insights & Consulting

Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.

Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.

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