Air taxi is a type of aircraft that is well organized in operations and is intended for shorter distance to travel. The concept of air taxi was first introduced way back in 2001 by NASA and the aerospace industry’s study on the potential Small Aircraft Transportation System (SATS) and the rise of light-jet aircraft manufacturing in the U.S. Moreover, with increased number of vehicles running on the road there is an increase in traffic congestion. Therefore, the demand for better and efficient transportation system has increased, which in turn fuels the demand for air taxi across the globe. Various companies having experience in aviation and transportation industry have come up under several collaborations for the development of air taxi to be implemented across the globe. Implementation of government initiatives along with huge investments by the top players in the aviation industry boosts the growth of the air taxi market across the globe. Furthermore, the top players operating in the aviation and transportation industry are focusing toward the development of air taxi along with various innovations, which further drives the growth of the air taxi market across the globe.