The global demand for Electric Air Taxi Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Electric Air Taxi is a short-haul commercial aircraft. They are a form of electric vertical takeoff and landing (eVTOL) device that takes off and lands vertically using electric power. The advanced mix of batteries, motors, and controllers and the growing need for urban air mobility led to the development of Electric Air Taxi systems. The transportation and aviation sectors are partnering and investing millions of dollars on vertical takeoff and landing (VTOL) projects worldwide.
The capacity to cover a long distance in a short amount of time while avoiding traffic is a crucial reason for electric air taxis' market growth. The increasing demand for urban air transportation and cars with low carbon emissions are the primary factors driving the development of the global electric air taxi market. Hundreds of automobiles and flights contribute to air pollution and climate change. As a result, electric air taxis will be more cost-effective and environmentally friendly, as they can cut carbon emissions associated with air travel. Furthermore, the electric air taxi market is expected to increase due to technical advancements in the automobile sector and a cost-effective and time-saving alternative for daily commuting. Moreover, supporting government actions to promote electric air taxis and continual innovation and R&D operations will likely generate significant opportunities for the market over the projection period. However, the service cost for air taxis can be too high for ordinary residents, and regulatory norms and infrastructure can be critical stumbling blocks for the electric air taxi business.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of electric air taxi. The growth and trends of electric air taxi industry provide a holistic approach to this study.
This section of the electric air taxi market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
- Two-Seat Aircraft
- Four-Seat Aircraft
- Motors & Rotors
- Propulsion System
- Combustion Engines
- Military Use
- Delivery Use
- Passenger Use
This section covers the regional outlook, which accentuates current and future demand for the Electric Air Taxi market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Electric Air Taxi Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the electric air taxi market include ImagineAir, Airstream Jets, Skymax, Propair, Volocopter, General Motor, Hyundai, Uber, Archer, Boeing, Airbus, Toyota, Lilium, and others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information based on primary and secondary research. Secondary research has been done using various sources, including (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. Additionally, our team conducts extensive primary research with key industry participants to gather first-hand data. The data is then analyzed and validated by industry experts.
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