Global Air Taxis Market Size & Analysis – Forecasts To 2030

Air Taxis Market Insights

The global air taxis market is expected to witness exponential growth in this era of advanced technology and design innovation. The market growth is expected to be positively influenced by shorter expected waiting time at the airports and flexibility of the consumers to choose their travel time according to their convenience.

Air Taxis are anticipated to reduce congestions in the airport, provide personalized transport to the consumers, and offer cost benefits to the consumers. Air Taxis are compact and thus possess a number of advantages over the heavy aircraft. Factors such as access to remote locations with lack of proper infrastructure coupled with the trending concept of smart cities are further projected to augment the growth of air taxis market over the coming years.

The leading players in the industry including Uber, Airbus, and Volocopter along with a number of startups who are working on prototypes to add advanced features in air taxis over the coming years. The market is still in the concept stage and requires huge R&D initiatives by the companies to be able to fully implement it in the foreseeable future.

However, factors such as excessive dependence on climatic conditions along with the possibility of congestion in air and complexity in certain operations are expected to hinder the market growth to a certain extent. Nevertheless, the market has gained significant traction by the manufacturing giants and is expected to flourish over the coming years.
Air Taxis Market
Air Taxis Market: Component Insights

On the basis of components, the air taxis market is segmented into hardware and software & services. The software segment is anticipated to grow at a significant CAGR over the coming years as it serves as the basis of the overall air taxi market. The key operating players in the market are aiming to develop software in order to ensure smooth operational workflow of air taxis. For Instance, Uber in collaboration with NASA, has announced their plans to develop software for management of air taxi routes in order to prevent air congestions.

Air Taxis Market: Type Insights

The global air taxis market is segmented into the piston, turboprop, very light jets (VLJ), and mid-sized jets among others. The VLJ segment is expected to acquire a considerable share in the global air taxi market over the forecast period. The segmental growth is projected to be influenced by the economic benefits offered by along with its ability to use shorter runways for ultra-short-haul journeys. VLJs have proved to be an efficient alternative to piston and turboprop aircraft, due to its potential benefits over the others.

Air Taxis Market: Regional Insights

The global air taxis market is highly controlled by the regulations and standards set by the regional government and other decision making bodies. In terms of revenue, North America and Europe are projected to hold the maximum market share in the industry. The high technology adoption rates coupled with increasing spending capacities of the consumers are the major drivers expected to contribute towards the regional growth. The combined share of North America and Europe is expected to be close to 60% over the coming years. The concentration of key players in these regions is further expected to propel the market growth in the foreseeable future. The Middle East & African region is also considered to grow at a lucrative rate due to the increasing demand for air taxis from Dubai.

Air Taxis Market

Air Taxis Market: Vendor Landscape

The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.

Air Taxis Market Share & Competitor Analysis

Some of the key players profiled in the air taxi market include Volocopter GmbH, Aeromobil s.r.o, Terrafugia Corporation, Moller International, Urban Aeronautics, Samson Motorworks, Joby Aviation, Lilium GmbH, EHANG, Inc., and Airbus among others.

The companies functional in the market are mostly relying on vertical integration strategies. The companies are highly involved in mergers and acquisitions in order to stand out in the market space. The strategic collaboration & partnership coupled with favorable funding scenarios are projected to boost the market growth. For instance, In February 2016, Uber and Bell Helicopters announced their plans to launch for Air Taxi by 2025.

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This release was published on openPR.