Read the 120-page report with TOC on "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/air-taxi-market-industry-analysis
Air Taxi Market - Driver & Challenge
Air taxis offer a promising transportation technology for the future, which has increased the investments in the development and implementation of air taxis globally. According to The Financial Times, and based on insights from the global consultancy firm McKinsey, investors have pledged $4.3 billion to electric air taxi startups worldwide in 2021. This funding combines venture capital funding and investors backing proposals through special purpose acquisition companies (SPACs). Volocopter, a startup out of southern Germany, has invested about $241 million in building and testing electric VTOL (vertical take-off and landing) aircraft. This is the company's 4th investment in the project. Similarly, many other companies like Uber, Toyota, Hyundai, Airbus, and Boeing are investing in air taxis to provide better air mobility in the future.
However, the development regulations for air taxis cover everything from vehicle safety, airworthiness, and traffic control to noise pollution, operator certification, and software security. Regulatory bodies such as the US Federal Aviation Administration are still working on the norms to manage and control unmanned aerial vehicles. None of the air taxis are yet certified to carry passengers. There are still open questions about safety. There is a significant difference between air taxis and traditional aircraft (namely, airplanes and helicopters). Air taxi does not have a good way of passively generating lift in the event of a power system failure. These safety concerns can hinder the market for air taxis during the forecast period.
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Some of key Air Taxi Players:
The air taxi market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- Airbus SE
- Dassault Aviation Group
- EHang Holdings Ltd.
- Embraer SA
- Hyundai Motor Co.
- Lilium N.V
- Textron Aviation Inc.
- The Boeing Co.
- Uber Technologies Inc.
- Volocopter GmbH
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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
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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Related Reports:
Electric Air Taxi Market -The electric air taxi market share is expected to increase by USD 9.47 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 27.70%. Download a free sample now!
Helicopter Market -The helicopter market share is expected to increase by 119.00 units from 2021 to 2025, and the market's growth momentum will decelerate at a CAGR of 2.61%. Download a free sample now!
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 35.55% |
Market growth 2022-2026 |
USD 51.37 billion |
Market structure |
Fragmented |
YoY growth (%) |
34.53 |
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, Dassault Aviation Group, EHang Holdings Ltd., Embraer SA, Hyundai Motor Co., Lilium N.V, Textron Aviation Inc., The Boeing Co., Uber Technologies Inc., 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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