What is Air Taxi Market Scope?
Air taxi can offer faster, reliable, flexible, and energy-efficient, point-to-point transportation, quieter than any modern helicopter. The increasing congestion and overcrowding in cities have contributed to being a driving factor for the air taxi market. Additionally, the growth in the economy has led to an increase in high net worth individuals which in turn is encouraging the adoption of private air travel like air taxi.
|Unit||Value (USD Million)|
|Key Companies Profiled||Joby Aviation (United States), Archer Aviation (United States), Vertical Aerospace (United Kingdom), Lilium GmbH (Germany), Volocopter (Germany), SkyDrive Inc. (Japan), EHANG (China), AeroMobil (Slovakia), Terrafugia (United States) and Kitty Hawk Corporation (United States)|
|Customization Scope||Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility|
The Air Taxi market study is being classified by Type (Multicopter, Quadcopter and Others), by Application (Commercial and Personal) and major geographies with country level break-up.
Global Air Taxi is a fragmented market due to the presence of various players. The players are focusing on investing more in Launching Products. These will enhance their market presence. The companies are also planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.
Joby Aviation (United States), Archer Aviation (United States), Vertical Aerospace (United Kingdom), Lilium GmbH (Germany), Volocopter (Germany), SkyDrive Inc. (Japan), EHANG (China), AeroMobil (Slovakia), Terrafugia (United States) and Kitty Hawk Corporation (United States) are some of the key players profiled in the study.
Analyst at AMA have segmented the market study of Global Air Taxi market by Type, Application and Region. On the basis of Type, Hybrid are dominating the market in the year 2021 where as Electric stood as second largest market share.
On the basis of application, Industrial segment is dominating the market in the year 2021 where as Personal segment stood as second largest market.
On the basis of geography, the market of Air Taxi has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their development strategies
On 25th March 2022, SkyDrive Inc. and Suzuki announced the partnership for the commercialization of Air Taxi. With the partnership, both companies will start considering collaborating in areas of business and technology that include technology R&D, planning of manufacturing and mass-production systems, development of overseas markets with an initial focus on India, and promotion of efforts to attain carbon neutrality.
On 15th March 2022, AeroMobil launched the second model of its revolutionary flying car, the 4-seater AM NEXT, the world’s first production of Air Taxi. AM NEXT leverages the groundbreaking engineering of AM4.0 and it will provide significant time savings on regional routes in the 100-500 mile range, which are too far to drive and too short, or inconvenient, to fly. Also, it will offer no-hassle travel: door-to-door single-seat convenience and comfort, to work, rest, and play.
In Canada, air taxi operations are regulated by Transport Canada under Canadian Aviation Regulation 703. The Canadian definition of air taxi includes all commercial single-engined aircraft, multi-engined helicopters flown by visual flight rules by one pilot, and all multi-engined, non-turbo-jet aircraft, with a maximum take-off weight of 8,618 kg (18,999 lb) or less and nine or fewer passenger seats, that are used to transport people or goods or for sightseeing.
Influencing Market Trend
- Rapid Shift towards Urban Transportation Technology
- The Popularity of On-Demand Air Services to Various Locations
- Increasing Application of Air Taxi for Business Travel
- Demand for Transportation for a Single Passenger or a Small Group of Riders
- High Population Density and Increased Privately-Owned Vehicles can create Opportunities for the Market Growth
- Concerns with the Higher Noise Levels and Harmful Emissions
- Concerns Related to the Privacy of Urban Air Mobility Aircraft like air Taxis and Drones may Fly Above or Close to Places of Residence
- Stringent Regulatory Guidelines on the Air Taxi Manufacturers
Key Target Audience
Air Taxi Manufacturers, Air Taxi Suppliers and Distributors, Regulatory Bodies, New Entrants, Potential Investors, Research and Development Institutes and Others
Customization available in this Study:
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To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also include significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets , To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.
Frequently Asked Questions (FAQ):1. At what growth rate would the Air Taxi market expands?
The Global Air Taxi market is expected to see a growth of % during projected year 2021 to 2027.
2. Who are the prominent players of the Global Air Taxi market?
The prominent players of Global Air Taxi market are Joby Aviation (United States), Archer Aviation (United States), Vertical Aerospace (United Kingdom), Lilium GmbH (Germany), Volocopter (Germany), SkyDrive Inc. (Japan), EHANG (China), AeroMobil (Slovakia), Terrafugia (United States) and Kitty Hawk Corporation (United States), to view complete player list click here
3. What are the top priorities to focus for Air Taxi markets growth?
In this highly competitive & fast evolving Air Taxi industry, the top strategic priorities would remain consistent like innovation, R&D and M&A.