About Flying Taxi-
Flying taxi is a type of aircraft which is well organized in operations and is intended for a shorter distance to travel. As well as it is also called a small commercial airplane used for short flights between localities not served by scheduled airlines. Flying taxis exist in a variety of shapes and sizes, with electric motors replacing jet engines and rotating wings and, in some cases, rotors replacing propellers. Despite the fact that all flying taxis are advanced air vehicles, not all advanced air vehicles are flying taxis. Take, for example, vertical take-off and landing vehicles (VTOLs) and electric VTOLs (eVTOLs). Flying vehicles can use both airspace and roads, whereas VTOLs and eVTOLs will use the airspace above metropolitan centers. VTOLs and eVTOLS, as their names suggest, can take off and land vertically, using the least amount of space. To take off, flying taxis nearly always require a short runway or an open area.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 28.1% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market. Players are anticipated to focus on the development of electric compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that Japan Vendors will contribute the maximum growth to Global Flying Taxi- market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Uber Technologies, Inc. (United States), Volocopter GmbH (Germany), FAAC AG (Austria), Ehang (China), Kitty Hawk (United States), Lilium (Germany), A3 by Airbus (United States), Airbus S.A.S. (France and Beechcraft Corporation (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Boeing (United States), Embraer (Brazil) and Hyundai Motor Company (South Korea).
Segmentation Overview
AMA Research has segmented the market of Global Flying Taxi- market by and Region.
On the basis of geography, the market of Flying Taxi- has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). If we see Market by Propulsion Type, the sub-segment i.e. Parallel Hybrid will boost the Flying Taxi- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Travel Range, the sub-segment i.e. 20 Km to 100 Km will boost the Flying Taxi- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Aircraft Type, the sub-segment i.e. Multicopter will boost the Flying Taxi- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Passenger Capacity, the sub-segment i.e. One will boost the Flying Taxi- market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing demand for ultralight electric aircraft
Market Growth Drivers:
Increase in congestion and overcrowding in cities and private air travel and Increase in urban population leading to increase in personal transit and freight movement
Challenges:
The need to ensure appropriate tracking systems for flying taxi and Concern about noise from aircrafts
Restraints:
High development and ownership cost of flying taxi
Opportunities:
Smart city models have created plenty of new business prospects for tech companies
Market Leaders and their expansionary development strategies
In November 2023, IndiGo parent co InterGlobe Enterprises and Archer Aviation to launch all-electric air taxi service in IndiaThe partnership is contingent upon regulatory approvals and clearancesIt aims to revolutionise urban mobility by providing a safe, sustainable, and low-noise electric air taxi serviceArcher's Midnight is a piloted, four-passenger electric vertical takeoff and landing aircraft
In November 2023, Volocopter, the German aircraft manufacturer pioneering air taxis, has put its much-anticipated air taxi launch in Singapore on hold indefinitely, reported the Straits Times. The eagerly anticipated initiative has been paused due to challenges in securing local partners willing to share the financial responsibility for the cutting-edge technology involved.
Key Target Audience
Manufacturers of Flying Taxi, Suppliers of Flying Taxi, Research and Development (R&D) Companies, Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.