According to IMARC Group latest report titled “Air Taxi Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on air taxi market size. The report also includes competitor and regional analysis, and contemporary advancements in the global market. The global air taxi market reached a value of US$ 817.5 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 2,326.8 Million by 2027, exhibiting a CAGR of 19.6% during 2022-2027.
The air taxi refers to an energy-efficient and lightweight aircraft used for traveling over short distances. Some of the commonly used air taxis include parallel hybrid, electric, turboshaft and turboelectric variants. These air taxies are widely utilized for covering distances between areas that are not served by scheduled airlines and are limited to a maximum cargo and passenger capacity. They operate through smaller local airports with little or no air traffic with closer proximity to passenger destinations.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The global air taxi market is primarily being driven by significant growth in the aviation industry, along with the increasing preference for short-distance travel among the masses. Moreover, the widespread utilization of air taxis in the transportation industry for delivering goods and services is favoring the market growth. In line with this, the increasing requirement for enhanced flexibility in travel schedules is also contributing to the market growth. Other factors, including the launch of air taxis with automated pilot solutions and improved battery and power systems, along with the implementation of favorable government policies promoting air taxies in urban areas and smart cities, are creating a positive outlook for the market.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Ab Corporate Aviation
- Airbus SE
- Fly Aeolus
- Honeywell International Inc.
- Hyundai Motor Company
- Joby Aviation
- Kitty Hawk Corporation
- Neva Aerospace Ltd.
- Nurol Holding
- Skyway Air Taxi
- Talkeetna Air Taxi Inc
- Volocopter GmbH
Air Taxi Market Segmentation:
Our report has categorized the market based on region, propulsion type, aircraft type and passenger capacity.
Breakup by Propulsion Type:
- Parallel Hybrid
Breakup by Aircraft Type:
Breakup by Passenger Capacity:
- More than six
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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