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Air Taxi Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Dec 2021
  • Pages: 120
  • SKU: IRTNTR71714
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The air taxi market share is expected to increase by USD 51.37 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 35.55%.

This air taxi market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers air taxi market segmentation by type (two-seat aircraft and four-seat aircraft) and geography (North America, Europe, APAC, South America, and MEA). The air taxi market report also offers information on several market vendors, including Airbus SE, Dassault Aviation Group, EHang Holdings Ltd., Embraer SA, Hyundai Motor Co., Lilium N.V, Textron Aviation Inc., The Boeing Co., Uber Technologies Inc., and Volocopter GmbH among others.

What will the Air Taxi Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Air Taxi Market Size for the Forecast Period and Other Important Statistics

 

Air Taxi Market: Key Drivers and Challenges

The growing investments in air taxi is notably driving the air taxi market growth, although factors such as regulatory concerns may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the air taxi industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Air Taxi Market Driver

Air taxis offer a promising transportation technology for the future, which has increased the investments in the development and implementation of air taxis globally. According to The Financial Times, and based on insights from the global consultancy firm McKinsey, investors have pledged $4.3 billion to electric air taxi startups worldwide in 2021. This funding combines venture capital funding and investors backing proposals through special purpose acquisition companies (SPACs). Volocopter, a startup out of southern Germany, has invested about $241 million in building and testing electric VTOL (vertical take-off and landing) aircraft. This is the companies 4th investment in the project. Similarly, many other companies like Uber, Toyota, Hyundai, Airbus, and Boeing are investing in air taxis to provide better air mobility in the future. 

Key Air Taxi Market Challenge

The development regulations for air taxis cover everything from vehicle safety, airworthiness, and traffic control to noise pollution, operator certification, and software security. Regulatory bodies such as the US Federal Aviation Administration are still working on the norms to manage and control unmanned aerial vehicles. None of the air taxis are yet certified to carry passengers. There are still open questions about safety. There is a significant difference between air taxis and traditional aircraft (namely, airplanes and helicopters). Air taxi does not have a good way of passively generating lift in the event of a power system failure. These safety concerns can hinder the market for air taxis during the forecast period.

This air taxi market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Who are the Major Air Taxi Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Airbus SE
  • Dassault Aviation Group
  • EHang Holdings Ltd.
  • Embraer SA
  • Hyundai Motor Co.
  • Lilium N.V
  • Textron Aviation Inc.
  • The Boeing Co.
  • Uber Technologies Inc.
  • Volocopter GmbH

 

This statistical study of the air taxi market encompasses successful business strategies deployed by the key vendors. The air taxi market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The air taxi market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Air Taxi Market?

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30% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for air taxis in North America. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Air Taxi Market?

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The air taxi market share growth by the two-seater aircraft segment will be significant during the forecast period. Air taxis using two-seater aircraft provide efficient operation and are intended for shorter distance travel. Various companies in the aviation and transportation industries are making investments in the development of air taxis across the globe. For instance, in June 2021, Archer Aviation, a US-based startup, launched a two-passenger electric aircraft model, which will serve as the basis for a future fleet of air taxis. Similarly, The ePlane Company, the India-based startup, raised $1 million in 2020 to develop two-seater electric taxis. Such investment and development plans will drive the demand in the segment during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the air taxi market size and actionable market insights on post COVID-19 impact on each segment.

 

Air Taxi Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 35.55%

Market growth 2022-2026

$ 51.37 billion

Market structure

Fragmented

YoY growth (%)

34.53

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 30%

Key consumer countries

US, Germany, China, UK, and Canada

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Airbus SE, Dassault Aviation Group, EHang Holdings Ltd., Embraer SA, Hyundai Motor Co., Lilium N.V, Textron Aviation Inc., The Boeing Co., Uber Technologies Inc., and Volocopter GmbH

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Air Taxi Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive air taxi market growth during the next five years
  • Precise estimation of the air taxi market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the air taxi industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of air taxi market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2021
    • Market outlook: Forecast for 2021 - 2026

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Type

    • Market segments
    • Comparison by Type
    • Two-seat aircraft - Market size and forecast 2021-2026
    • Four-seat aircraft - Market size and forecast 2021-2026
    • Market opportunity by Type

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America - Market size and forecast 2021-2026
    • Europe - Market size and forecast 2021-2026
    • APAC - Market size and forecast 2021-2026
    • South America - Market size and forecast 2021-2026
    • MEA - Market size and forecast 2021-2026
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Airbus SE
    • Dassault Aviation Group
    • EHang Holdings Ltd.
    • Embraer SA
    • Hyundai Motor Co.
    • Lilium N.V
    • Textron Aviation Inc.
    • The Boeing Co.
    • Uber Technologies Inc.
    • Volocopter GmbH

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
    Get your FREE sample now!
    The air taxi market growth will increase by $51367.46 million during 2021-2026.
    The air taxi market is expected to grow at a CAGR of 35.55% during 2021-2026.
    Technavio has segmented the air taxi market by type (Two-seat aircraft and Four-seat aircraft) and geographic (North America, Europe, APAC, South America, and MEA).
    Airbus SE, Dassault Aviation Group, EHang Holdings Ltd., Embraer SA, Hyundai Motor Co., Lilium N.V, Textron Aviation Inc., The Boeing Co., Uber Technologies Inc., Volocopter GmbH are a few of the key vendors in the air taxi market.
    North America will register the highest growth rate of 30.34% among the other regions. Therefore, the air taxi market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
    • US
    • Germany
    • China
    • UK
    • Canada
    The key factors driving the air taxi market growth are:
    • Growing investments in air taxi
    The air taxi market vendors should focus on grabbing business opportunities from the two-seat aircraft segment as it accounted for the largest market share in the base year.
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