Dublin, June 20, 2025 (GLOBE NEWSWIRE) -- The "Aeroengine Composites Market Outlook 2025-2034" has been added to ResearchAndMarkets.com's offering.
The air taxi market is poised for substantial growth, currently valued at USD 43 billion in 2025, with expectations to reach USD 86.6 billion by 2034, driven by a CAGR of 8.1%
This dynamic sector emerges amid the rising demand for urban air mobility (UAM) and efficient urban transportation solutions, propelled by the development of electric vertical takeoff and landing (eVTOL) aircraft for on-demand passenger services. Significant technological innovations and regulatory advancements characterize the rapidly evolving market landscape.
Utilizing safe and sustainable electric propulsion, eVTOL aircraft are set to replace traditional helicopters across applications like commuter transport, airport shuttles, and emergency services. The sector's dedication to affordable and reliable air taxi services is evident through advanced battery technologies enhancing aircraft range and performance, coupled with significant progress in vertiport and charging infrastructure development and pilot programs in major cities. Integral to this evolution is the adoption of advanced composite materials improving efficiency and the integration of enhanced navigation systems ensuring safety.
Looking forward, the air taxi market anticipates rapid commercialization, marking milestones in autonomous flight capabilities allowing for unmanned operations. AI-powered traffic management systems are expected to optimize airspace utilization. Furthermore, the expansion of urban air mobility corridors, infrastructure developments, and seamless booking and payment platforms for on-demand services are forecasted. The industry is increasingly focusing on quieter, environmentally friendly eVTOL aircraft, specialized air traffic control systems, and services extending to rural and remote areas.
Air Taxi Market Analytics
The research comprehensively analyzes the market dynamics affecting the air taxi supply and demand. Geopolitical and demographic analyses, along with Porter's five forces, offer predictive insights into market trends, factor dynamics, and potential disruptions. Recent developments, especially in technology and international relations like the Russia-Ukraine conflict, inform the strategic decisions necessary for navigating the future landscape.
Air Taxi Market Competitive Intelligence
A detailed analysis of proprietary company revenues, product offerings, and competitive positioning offers insights into the air taxi market's structure. This analysis includes reviews of major stakeholders' strategies, financial performance, and innovations, preparing clients to adapt and lead in an evolving industry.
Key Insights Air Taxi Market
- eVTOL Aircraft Development: Extensive testing and certification processes.
- Advanced Battery Technology: Enhancements in range and flight performance.
- Vertiport Infrastructure: Advances in landing and charging facilities.
- Autonomous Flight: Progress in unmanned air taxi operations.
- AI-Powered Traffic Management: Efficient airspace utilization enhancements.
- Technological Advancements: Innovations in electric propulsion and autonomous operations.
- Environmental Sustainability: Emphasis on electric aircraft reducing emissions.
- Regulatory Framework: Progress in safety standards and approvals.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 150 |
| Forecast Period | 2025 - 2034 |
| Estimated Market Value (USD) in 2025 | $43 Billion |
| Forecasted Market Value (USD) by 2034 | $86.6 Billion |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
Companies Featured
- Solvay SA
- Meggitt PLC
- Hexcel Corporation
- Albany Engineered Composites Inc.
- Fischer Advanced Composite Components AG
- General Electric Aircraft Engines
- Rolls Royce PLC
- Safran SA
- General Dynamics Corporation
- GKN Ltd.
- Triumph Group Inc.
- Safran Aerospace Composites
- Albany International Corp
- Mitsubishi Heavy Industries Ltd.
- Dassault Aviation SA
- Arconic Corporation
- Aviation Industry Corporation of China Ltd.
- Aerojet Rocketdyne Holdings Inc.
- Moog Inc.
- Diehl Aerospace GmbH
- Hexion Inc.
- Strongwell Corp
- Huayuan Advanced Materials Co. Ltd.
- Toray Industries Inc.
- Teijin Ltd.
- Owens-Corning
- SGL Carbon SE
- Huntsman Corporation
- Cytec Industries Inc.
- DuPont de Nemours Inc
Air Taxi Market Segmentation
By Aircraft Type
- Quadcopter
- Others
By Service
- Air Taxi MRO Services
- Pilot Training Services
By Propulsion Type
- Electric
- Turboshaft
- Turboelectric
By Range
- Intracity
By Mode Of Operations
- Piloted
By Geography
- North America (USA, Canada, Mexico)
- Europe (Germany, UK, France, Spain, Italy, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Vietnam, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
For more information about this report visit https://www.researchandmarkets.com/r/cz0awq
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