Electric Air Taxi Market to Witness an Incremental CAGR of 19.9% between 2021 and 2027 | General Motor, Hyundai, Uber, Archer, Boeing, Airbus, Lilium

Electric Air Taxi Market is valued at USD 37.66 Million in 2017 and expected to reach USD 232.78 Million by 2027 with a CAGR of 19.9% over the forecast period.

Electric Air Taxi Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2027- Increasing need of urban air mobility and low carbon emissions vehicles are key driving factors for the growth of Electric Air Taxi Market.

Scope of Electric Air Taxi Market Report:

Electric Air Taxi is a commercial aircrafts for short flights. They are a type of electric vertical takeoff and landing (eVTOL) systems that uses electric power to takeoff and landing vertically. The eVTOL based systems came into existence due to the advanced combination of batteries, motors and controllers and growing necessity for urban air mobility. The study of air taxi was promoted by NASA in 2001, and then idea was reemerged in 2016 as personal air vehicles or passenger drones.

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Around the world, transport and aviation industries are collaborating and investing millions in vertical takeoff and landing (VTOL) projects. Major criteria in the development of air taxis are to cover maximum distance in short time without worrying about traffic congestion around the city. Other benefits of electric air taxi include generation of job opportunities as with rising taxi businesses, experienced pilot requirement will increase and new jobs will be created in terms of training and flying taxis.

Key Players for Global Electric Air Taxi Market Report:

Some major key players for Global Electric Air Taxi Market are ImagineAir, Airstream Jets, Skymax, Propair, Volocopter, General Motor, Hyundai, Uber, Archer, Boeing, Airbus, Toyota, Lilium, and others.

During the COVID-19 pandemic, some industries have flourished like never before and some have experienced the sudden fall due to the COVID-19 virus. The lockdown has crashed the global economy and many industries have affected in terms of supply chain & demand, manufacturing processes and interrupted research & development procedures.

Aviation industry has struggled due to halting of business and commercial flights in order to follow the lockdown and restrictions setup by countries and government. According to Andrew Charlton, MD of Aviation Advocacy, flying taxis and drones have potential in future in post-COVID19 due to the growing opportunities in cargo delivery or passenger aircrafts.

Global Electric Air Taxi Market report is segmented on the basis of Type, Components, Application, and Region & country level.

Global Electric Air Taxi Market Segmentation:

By Type:

• Two-seat aircraft
• Four-seat aircraft

By Component:

• Motors & Rotors
• Battery
• Propulsion system
• Combustion engines

By Application:

• Military use
• Delivery use
• Passenger use

Increasing need of urban air mobility and low carbon emissions vehicles are key driving factors for the growth of Electric Air Taxi Market
The major factors driving the growth of Global Electric Air Taxi Market are increasing need of urban air mobility and low carbon emissions vehicles. Hundreds of vehicles and flights results into air pollution and climatic change. Therefore, electric air taxis will be beneficial and environmental friendly as it has potential to decarbonize air travel.

Vertical Aerospace, UK based Aviation Company designing F1 design for air taxis to be lightweight and produce zero carbon emissions. Furthermore, technological advancement in automotive industry along with cost and time efficient option for daily commute are also expected to contribute the growth of electric air taxi market.

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Table of Content: Global Air Taxi Market Research Report

Chapter 1: Global Air Taxi Industry Overview
Chapter 2: Global Economic Impact on Air Taxi Markets
Chapter 3: Global Market Size Competition by Industry Producers
Chapter 4: Global Productions, Revenue (Value), according to Regions
Chapter 5: Global Supplies (Production), Consumption, Export, Import, geographically
Chapter 6: Global Productions, Revenue (Value), Price Trend, Product Type
Chapter 7: Global Market Analysis, on the basis of Application
Chapter 8: Air Taxi Market Industry Value Chain
Chapter 9: Air Taxi Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Economic Indicators, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Air Taxi Market Forecast Period
Chapter 14: Future of the Market
Chapter 15: Appendix

Electric Air Taxi Market by Regional & Country Level:

North America

• U.S.
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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