The global demand for Flying Taxi Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
A flying taxi also referred to as an electric air taxi, is a small aircraft designed to carry passengers, cargo, and mail. It is operated either on a scheduled or a non-scheduled basis, providing shorter routes not serviced by the large airlines. Electric air taxis are designed in several shapes and sizes and are not similar looking to conventional aircraft. They are fitted with electric motors and are vertical take-off and landing aircraft with rotating wings and rotors. A set of built-in algorithms enable the flying of these passenger drones, and some can deploy a ballistic parachute in case of an emergency. Flying a taxi is a fantastic option for urban commuters looking to speed up a tedious commute.
The burgeoning field of personal air vehicles to link urban centers with suburbs while leapfrogging traffic will be the leading trend anticipated to drive this market's growth. Rising vehicle numbers and the resulting congestion, especially during peak traffic hours, will further propel the market growth. This technology will witness a market boost in the coming years since they can save a significant amount of commuting time and be used daily. The confluence of technologies and extensive research to lower the operating and maintenance costs of air taxis will be a market booster. This market's main challenge is the safety concerns associated with flying taxis and their vulnerability to hackers.
The 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 inclusive assessment of each application/product segment in the global market of flying taxi.
The entire flying taxi market has been sub-categorized into propeller type, fuel, vehicle type and technology. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Propeller Type
- Dual Propeller
- Multi Propeller
By Vehicle Type
- Natural Gas
This section covers regional segmentation which accentuates on current and future demand for flying taxi market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Flying 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 flying taxi market include Joby Aviation, EHANG, Terrafugia, Opener, Volocopter, Kitty Hawk’s, Airbus, AeroMobil’s, Uber’s VTOL. This section includes 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 on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.