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Air Taxi Market - By Propulsion Type (Parallel Hybrid, Electric, Turboshaft, Turboelectric), By Aircraft Type (Multicopter, Quadcopter, Others), By Passenger Capacity (One, Two, Four, more than six), By Mode of Operation (Piloted, Autonomous), By Geography - Global Opportunity Analysis & Industry Forecast, 2023-2030
Air Taxi Market Overview:
The Air Taxi Market size is estimated to reach $4880 million by 2030, registering a CAGR of 25%. Air Taxis, as the name suggests, are short-distance flights that can take you from Point A to Point B in a jiffy. With urbanization and traffic congestion becoming a widespread problem, Air Taxis offer a convenient and time-efficient alternative to road travel.
The concept of Air Taxis has been around for quite a while, but it's only in recent years that we've seen significant progress being made in this direction. Companies like Uber Elevate, Airbus, and Boeing are investing massively in research and development to make air mobility a reality.
Many recent developments have been witnessed in the air taxi market, such as the emergence of electric air taxis. This can be attributed to the increasing pressure on the aviation industry to reduce emissions and adopt more sustainable practices. Moreover, the development of more efficient batteries and electric motors has made electric air taxis more feasible. Other technological advancements, such as the use of artificial intelligence and blockchain, are also being employed in the industry to enhance efficiency and safety.
The rising urbanization and traffic congestion, coupled with demand for quick and convenient transportation, are driving the growth of the industry. Moreover, the growth of e-commerce and last-mile delivery services has also led to an increase in demand for air taxis.
Air Taxi Market - Report Coverage:
The “Air Taxi Market Report - Forecast (2023-2030)” by IndustryARC, covers an in-depth analysis of the following segments in the Air Taxi Market.
Air Taxi Market - Top Trends
Technological Advancements: The air taxi industry is witnessing rapid advancement in various technologies that are essential for its growth. This includes developments in electric propulsion systems, autonomous flight capabilities, and advanced air traffic management systems. These technologies are enabling safer and more efficient operations of air taxis.
Sustainable Aviation: With increasing concerns about reducing carbon emissions and combating climate change, the air taxi market is embracing sustainable aviation solutions. Electric air taxis, powered by clean energy sources, are gaining significant attention as they have the potential to reduce greenhouse gas emissions and noise pollution compared to traditional aircraft.
Urban Air Mobility (UAM) Initiatives: Governments, aviation authorities, and industry stakeholders are actively collaborating to create a conducive environment for urban air mobility. UAM initiatives involve developing regulations, infrastructure, and operational frameworks to ensure the safe and seamless integration of air taxis into urban airspace. These initiatives are crucial in promoting the growth and adoption of air taxi services.
Air Taxi Trials and Demonstrations: Various cities and regions around the world were hosting air taxi trials and demonstrations to showcase the feasibility and benefits of urban air mobility. These events aimed to generate public interest, gain regulatory support, and test air taxi operations in real-world conditions.
The Air Taxi Market - Company Analysis
The air taxi market is a growing industry that offers on-demand transportation services using small aircraft. This market analysis will focus on three key companies in the air taxi industry: Uber, Lilium, Joby Aviation and many more.
Uber, well-known for its ride-hailing platform, has ventured into the air taxi market with its Uber Elevate program. They aim to launch commercial air taxi services by 2023 in select cities. Uber has developed partnerships with aircraft manufacturers and infrastructure companies to build the necessary ecosystem for air taxis.
Boeing: Boeing, another leading aerospace company, is also investing in urban air mobility and air taxi concepts. Its autonomous passenger air vehicle (PAV) prototype, developed under the Boeing NeXt initiative, is designed for urban transportation.
Airbus: As one of the major aerospace manufacturers, Airbus has been actively exploring the air taxi market. Its electric vertical takeoff and landing (eVTOL) concept, known as Vahana, demonstrated successful test flights. Additionally, Airbus is working on the CityAirbus project, which aims to develop an autonomous electric air taxi.
Hyundai Motor Group: Hyundai Motor Group had been exploring the air taxi market, and in partnership with Uber Elevate, they were developing an eVTOL aircraft concept called the S-A1.
Lilium is a German air taxi company that focuses on developing all-electric vertical takeoff and landing aircraft. They envision a world with affordable and sustainable air transportation. Lilium's aircraft, known as the Lilium Jet, can carry up to five passengers with a range of 186 miles and a top speed of 186 mph. Lilium aims to provide on-demand air taxi services within cities and regions. They are working on building a network of vertiports, which are landing pads for their aircraft. Lilium has conducted successful test flights and plans to launch commercial operations in the near future.
Key Market Players:
Product/Service launches, approvals, patents and events, acquisitions, partnerships and collaborations are key strategies players in the Air Taxi Market adopt. The top 10 companies in Air Taxi Market are listed below:
- Volocopter GmbH
- Joby Aviation
- Lilium
- Air Taxi
- Archer
- EHang Holdings Limited
- Airbus SE
- Textron Inc.
- The Boeing Company
- Kitty Hawk Corporation
- Hyundai Motor Company
Scope of the Report:
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1. Air Taxi Market Overview
1.1 Definitions and Scope
2. Air Taxi Market– Executive Summary
3. Air Taxi Market– Market Landscape
3.1 Company Benchmarking – Key Companies
3.2 Key Company Financial Analysis
3.3 Market Share Analysis – Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Air Taxi Market– Startup Company Scenario (Premium)
4.1 Investment
4.2 Revenue
4.3 Venture Capital and Funding Scenario
5. Air Taxi Market– Market Entry Scenario Premium (Premium)
5.1 Regulatory Scenario
5.2 New Business and Ease of Doing business index
5.3 Case Studies of Successful Ventures
6. Air Taxi Market– Market Forces
6.1 Market Drivers
6.2 Market Constraints
6.3 Porter’s Five Force Model
6.3.1 Bargaining Power of Suppliers
6.3.2 Bargaining Powers of Customers
6.3.3 Threat of New Entrants
6.3.4 Rivalry Among Existing Players
6.3.5 Threat of Substitutes
7. Air Taxi Market– Strategic Analysis
7.1 Value Chain Analysis
7.2 Opportunities Analysis
7.3 Market Life Cycle Analysis
8. Air Taxi Market– By Propulsion Type (Market Size - $Million/$Billion)
8.1 Parallel Hybrid
8.1.1 Market Trends by Region
8.1.2 Market Share & Forecast by Region
8.2 Electric
8.2.1 Market Trends by Region
8.2.2 Market Share & Forecast by Region
8.3 Turboshaft
8.3.1 Market Trends by Region
8.3.2 Market Share & Forecast by Region
8.4 Turboelectric
8.4.1 Market Trends by Region
8.4.2 Market Share & Forecast by Region
8.5 Others
9. Air Taxi Market– By Aircraft Type (Market Size - $Million/$Billion)
9.1 Multicopter
9.1.1 Market Share & Forecast by Region
9.1.2 Market Share & Forecast by Region
9.2 Quadcopter
9.2.1 Market Trends by Region
9.2.2 Market Share & Forecast by Region
9.3 Others
10. Air Taxi Market– By Passenger Capacity (Market Size - $Million/$Billion)
10.1 One
10.1.1 Market Trends by Region
10.1.2 Market Share & Forecast by Region
10.2 Two
10.2.1 Market Trends by Region
10.2.2 Market Share & Forecast by Region
10.3 Four
10.3.1 Market Trends by Region
10.3.2 Market Share & Forecast by Region
10.4 More than Six
10.4.1 Market Trends by Region
10.4.2 Market Share & Forecast by Region
10.5 Others
11. Air Taxi Market– Mode of Operation (Market Size - $Million/$Billion)
11.1 Piloted
11.1.1 Market Trends by Region
11.1.2 Market Share & Forecast by Region
11.2 Autonomous
11.2.1 Market Trends by Region
11.2.2 Market Share & Forecast by Region
11.3 Others
12. Air Taxi Market– by Geography (Market Size - $Million/$Billion)
12.1 North America
12.1.1 U.S.
12.1.2 Canada
12.1.3 Mexico
12.2 Europe
12.2.1 Germany
12.2.2 France
12.2.3 U.K.
12.2.4 Italy
12.2.5 Spain
12.2.6 Russia
12.2.7 Rest of Europe
12.3 Asia-Pacific
12.3.1 China
12.3.2 Japan
12.3.3 South Korea
12.3.4 India
12.3.5 Australia & New Zealand
12.3.6 Rest of Asia-Pacific
12.4 South America
12.4.1 Brazil
12.4.2 Argentina
12.4.3 Chile
12.4.4 Colombia
12.4.5 Rest of South America
12.5 Rest of the World
12.5.1 Middle East
12.5.2 Africa
13. Air Taxi Market– Market Entropy
13.1 New product launches
13.2 M&A’s, collaborations, JVs and partnerships
14. Air Taxi Market– Industry Competition Landscape (Premium)
14.1 Market Share Analysis
14.1.1 Market Share by Technology – Key Companies
14.1.2 Market Share by Country – Key Companies
14.1.3 Market Share by Region – Key Companies
14.2 Competition Matrix
14.3 Best Practices for Companies
15. Air Taxi Market– Key Company List by Country Premium (Premium)
16. Air Taxi Market– Company Analysis
16.1. Volocopter GmbH
16.2. Joby Aviation
16.3. Lilium GmbH.
16.4. Air Taxi
16.5. Archer
16.6. Airbus SE
16.7. Textron Inc.
16.8. The Boeing Company
16.9. Kitty Hawk Corporation
16.10. Hyundai Motor Company
16.11. Jaunt Air Mobility LLC
16.12. Wisk Aero LLC
16.13. Dassault Systèmes
16.14. Uber Technologies
16.15. Beechcraft Corporation
16.16. Nurol Holding
16.17. Skyway Air Taxi
16.18. Talkeetna Air Taxi Inc
* "Financials would be provided to private companies on best-efforts basis."
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The Air Taxi Market is forecast to grow at 25% during the forecast period 2023-2030.
The Global Air Taxi Market size is estimated to be $XX Billion in 2023 and is projected to reach $4880 Million by 2030.
The leading players in the Air Taxi Market are Volocopter GmbH, Joby Aviation, Lilium GmbH., Airbus SE and others.