Read the 120-page report with TOC on "Electric Air Taxi Market Analysis Report by Type (two-seat aircraft and four-seat aircraft) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts,2022-2026". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/electric-air-taxi-market-industry-analysis
Electric Air taxi Market - Driver
There has been an increasing demand for electric air taxis over those that operate on fossil fuels to reduce the aviation industry's carbon footprint. Organizations and government bodies, such as the International Civil Aviation Organization, the US Federal Aviation Administration, and the European Union Aviation Safety Agency, have called for sustainable fuel alternatives in aircraft, estimating that by 2050, aircraft-generated emissions will have tripled in volume. Electric engines do not produce the level of noise associated with jet or combustion engines, and thus, they also lower noise pollution as well. By replacing hydraulically operated systems with electric ones, manufacturers of electric aircraft hope to enhance the efficiency of electric air taxis. These factors will increase the development of electric air taxis during the forecast period.
Electric Air taxi Market - Challenge
The concept of light electric aircraft focuses on the replacement of pneumatic and hydraulic systems with electricity-driven alternatives. This gives rise to the need for higher electrical power than that generated from traditional technologies. This, in turn, necessitates more effectual cooling and dynamic control over power generation and conversion. Fuel efficiency is controlled to a great extent by the weight of an aircraft. Although one of the basic ideas behind the adoption of electric air taxis is reducing fuel consumption, the associated technologies are not sufficiently mature to meet the performance benchmarks. Therefore, most startups lack an actual flying prototype of electric taxi care, they only have a design in the form of digital animation. Therefore, such challenges are difficult to address at the component and box levels, which will likely hamper the growth of the global electric air taxi market during the forecast period.
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Some of key Electric Air Taxi Players:
The electric air taxi market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
- Airbus SE
- Joby Aviation Inc.
- Kitty Hawk Corp.
- Lilium N.V
- Neva Aerospace Ltd.
- Nurol Holding Inc.
- Rolls-Royce Plc
- Skyway Air Taxi LLC
- The Boeing Co.
- Volocopter GmbH
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Electric Air Taxi Market Type Outlook (Revenue, USD bn, 2021-2026)
- Two-seat aircraft - size and forecast 2021-2026
- Four-seat aircraft - size and forecast 2021-2026
Electric Air Taxi Market Geography Outlook (Revenue, USD bn, 2021-2026)
- North America - size and forecast 2021-2026
- Europe - size and forecast 2021-2026
- APAC - size and forecast 2021-2026
- South America - size and forecast 2021-2026
- MEA - size and forecast 2021-2026
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Electric Air Taxi Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 27.70% |
Market growth 2022-2026 |
USD 9.47 billion |
Market structure |
Fragmented |
YoY growth (%) |
26.68 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 30% |
Key consumer countries |
US, Germany, China, UK, and Canada |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Airbus SE, Joby Aviation Inc., Kitty Hawk Corp., Lilium N.V, Neva Aerospace Ltd., Nurol Holding Inc., Rolls-Royce Plc, Skyway Air Taxi LLC, The Boeing Co., and Volocopter GmbH |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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