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The Growing Landscape of the Air Taxi Market and Its Future Prospects || Volocopter GmbH, Boeing Co, Kitty Hawk Corporation, Lilium Air Mobility
Air Taxi Market
The Business Research Company's Air Taxi Global Market Report 2023 identifies the increased traffic congestion is expected to boost the growth of the air taxi market going forward. Traffic congestion refers to a location that is extremely congested with traffic or people. With increasing road congestion, air taxis have created a new line of business for airports, airlines, cities, hotels, and other businesses, providing a new way for passengers and packages to arrive on time. For instance, according to the report published by INRIX, a US-based leader in transportation analytics solutions, the 2021 Global Traffic Scorecard identified and ranked congestion and mobility trends in over 1,000 cities across 50 countries as the COVID-19 pandemic continued to cause economic and social disruption.
The global air taxi market size is expected to grow from $37.41 billion in 2022 to $40.90 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global air taxi market size is expected to reach $57.37 billion in 2027 at a CAGR of 9.3%.
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Major competitors in the air taxi market are Volocopter GmbH, Boeing Co, Kitty Hawk Corporation, Lilium Air Mobility, Airbus S.A.S, Hyundai Motor Company, Dassault Systèmes, Embraer S.A., Ehang, Beechcraft Corporation, FAAC AG, Bombardier Transportation Ltd., Cessna, Textron Inc.
A key trend in the air taxi market includes technological advancements. Major companies operating in the air taxi market are developing innovative technologies to strengthen their position in the air taxi market. For instance, in October 2022, Wisk Aero, a US-based advanced air mobility company, launched its 6th generation air taxi. Some of the unique features of the 6th generation air taxi include a simplified design with fewer moving parts, human flight control, and industry-leading autopilot technology. The 6th generation air taxi is specifically designed to be the first vehicle of its kind to be certified by the Federal Aviation Administration (FAA).
Read More On The Global Air Taxi Market Report Here: https://www.thebusinessresearchcompany.com/report/air-taxi-global-market-report
The air taxi market is segmented -
1) By Aircraft Type: Multicopter, Quadcopter, Others Aircrafts
2) By Service: Air Taxi Platform Services, Air Taxi MRO Services, Air Taxi Pilot Training Services
3) By Propulsion Type: Parallel Hybrid, Electric, Turboshaft, Turboelectric
4) By Range: Intercity, Intracity
5) By Mode Of Operations: Optionally Piloted, Piloted
6) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the highest region in the air taxi market.
The Business Research Company's "Global Air Taxi Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Air Taxi Market Include:
1. Executive Summary
2. Air Taxi Market Characteristic
3. Air Taxi Market Trends And Strategies
4. Air Taxi Market - Macro Economic Scenario
5. Air Taxi Market Size And Growth
……………
27. Air Taxi Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Air Taxi Market
29. Air Taxi Market Future Outlook And Potential Analysis
30. Appendix
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