The global market for air taxi is projected to have considerable CAGR of around 26.5% during the forecast period. The growth of the air taxi market is attributed to the rising investments from various private organizations to enhance the consumer flying experience by providing UAM for commercial applications including air taxi. The rapid urbanization along with increased road congestion has led the manufacturers and service providers to offer efficient and cost-effective transportation and goods-delivery system, which has resulted in the growth of the air taxi services. Further, extensive R&D investments in the air taxi market, with many startups and aerospace players actively contributing to the market are creating enormous growth opportunities in the market. Adding to this, increasing demand for autonomous flight technology coupled with the developed communication system tends to increase the market share of air taxi.
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The global air taxi market is segmented based on propulsion type, and operation. Based on the propulsion type, the market is further classified into electric, parallel hybrid, turboshaft, and turboelectric. The electric segment is projected to have considerable growth owing to the significant rise in adoption of electric vehicles. On the basis of operation the market is further segregated into autonomous and piloted.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
Global Air Taxi Market by Propulsion Type
- Electric
- Parallel Hybrid
- Turboshaft
- Turboelectric
Global Air Taxi Market by Operation
- Autonomous
- Piloted
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Airbus SE
- Airspace Experience Technologies, Inc.
- The Boeing Co.
- Bell Textron, Inc.
- EHang Intelligent Technology Co. Ltd.
- FACC AG
- Fly Aeolus
- Embraer SA
- Honeywell International, Inc.
- Hoversurf
- Kitty Hawk Corp.
- Neva Aerospace, Ltd.
- Nurol Aviation Inc.
- Lockheed Martin Corp.
- Lilium GmbH
- Skyway Air Taxi, LLC
- Uber Technologies, Inc.
- Volocopter GmbH
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global air taxi market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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