Air Taxi Market Overview 2022-2027:
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 outlook. 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.
Air taxi refers to an energy-saving, lightweight aircraft designed to travel shorter distances. It operates on a scheduled or non-scheduled basis and covers short routes which are not usually served by other commercial airlines. The compact size of these aircraft assists in landing and taking off from shorter runways. Moreover, they can be operated through smaller local airports with less or no air traffic as they are relatively closer to passengers’ destinations. At present, various companies in the aviation and transportation industry are collaborating to introduce efficient air taxi services.
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 market is primarily driven by the escalating demand for efficient transportation systems across the globe. Also, there has been an escalating demand for air taxis due to the adverse environmental impact caused by numerous vehicles operating on the road. In addition, the expanding aviation and transportation industry represents another major growth-inducing factor. Besides this, governments of numerous countries are undertaking various initiatives to provide air taxi services in urban areas and support the aviation industry worldwide. This, coupled with the introduction of electric air taxis that can take off and land vertically on the ground, is positively influencing the market growth. Moreover, the leading market players are investing in research and development (R&D) activities to introduce technological advancements, such as connected multimodal transportation network that enables consumers to access on-demand goods delivery, air mobility and emergency services, which is anticipated to propel the market growth further.
View Full Report with TOC & List of Figure: https://www.imarcgroup.com/air-taxi-market
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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