Air Taxi Market Overview:
According to IMARC Group latest report titled “Air Taxi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on air taxi market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global air taxi market reached a value of US$ 817.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 2,326.8 Million by 2027, exhibiting a CAGR of 19.6% during 2022-2027.
An air taxi refers to a lightweight and energy-saving commercial airplane designed to travel shorter distances. It has a compact size and operational capabilities that assist in landing and taking-off from shorter runways. In addition to this, an air taxi helps in covering distances between localities, which are not served by scheduled airlines, and are restricted to a maximum payload as well as passenger capacity. Furthermore, it is operated via smaller local airports with less or no air traffic as they are relatively closer to the destination of travelers. Consequently, air taxi is gaining extensive traction across several countries.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The escalating demand for a better and more efficient transportation system is primarily driving the air taxi market. Additionally, the increasing number of vehicles operating on the road and causing severe environmental impact is also catalyzing the market growth. Besides this, the expanding aviation and transportation industry and the rising popularity of an integrated and connected multimodal transportation network that enables individuals to access on-demand air mobility, goods delivery, emergency services, etc., are acting as significant growth-inducing factors. Moreover, the development of full-scale flight test, all-electric, and self-piloted aircraft is positively influencing the global market. Apart from this, the introduction of electric product variants that can take off and land vertically on the ground is anticipated to fuel the air taxi market over the forecasted period.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Ab Corporate Aviation
- Airbus SE
- Fly Aeolus
- Honeywell International Inc.
- Hyundai Motor Company
- Joby Aviation
- Kitty Hawk Corporation
- Neva Aerospace Ltd.
- Nurol Holding
- Skyway Air Taxi
- Talkeetna Air Taxi Inc
- Volocopter GmbH
Air Taxi Market Segmentation:
Our report has categorized the market based on region, propulsion type, aircraft type and passenger capacity.
- Parallel Hybrid
- More than six
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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