Air Taxi Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018-2028, Segmented By Propulsion Type ; By Aircraft Type ; By Passenger Capacity ; By Range (Intercity, Intracity ); By Mode of Operation ; By Service ; Region

Description

Global Air Taxi Market Size Zooming at 31.4% CAGR to Cross USD 5.7 Billion by 2028

Global air taxi market is projected to expand at a robust growth rate due to an increasing focus on developing alternate route to highly congested road traffic, governments' supportive incentives and initiatives, recent innovations in air taxis, and efforts by startups and major world players in the development of air taxis.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Air Taxi Market size at USD 763.81 million in 2021. During the forecast period between 2022 and 2028, BlueWeave expects the global air taxi market size to grow at a high CAGR of 34.1% reaching a value of USD 5,735.1 million by 2028. Major growth factors for global air taxi market include spurring demand for an alternate method of transportation due to road traffic congestion; increasing government efforts around the world; growing investments by major aviation companies; increased activities in research, development, and innovations; and favorable impact of various startups and top players on the development of several types of air taxis.

Air Taxi - Overview

An air taxi is a type of aircraft with well-organized operations and is designed to cover short distances. In 2001, NASA and the aerospace industry first proposed the idea of an air taxi in a study on the prospective Small Aircraft Transportation System (SATS) and the expansion of light-jet aircraft manufacture in the United States. Later, as the number of automobiles on the road expanded, so did traffic congestion, and the demand for a better and more efficient transportation system grew, resulting in greater demand for air taxis around the world. Several companies in the aviation and transportation industries collaborated on the development of an air taxi that will be used all over the world.

Global Air Taxi Market - Technology Advancements

With the emergence of innovative transportation technologies, such as railway and automobile automation, demand for an alternate method of transportation has risen around the world. As a result, aviation corporations are concentrating their efforts on introducing air taxis across the globe. Various collaborations have been formed among companies to discover new concepts for the development of air taxis. For example, Airbus S.A.S. announced the CityAirbus electric air taxi, which can take off and land vertically, as well as other innovations, such as the full-scale flight test of VAHANA, the all-electric, self-piloted, and VTOL aircraft. These developments are driven by the need for alternative modes of transportation, which will result in market growth during the forecast period. Governments' initiatives and incentives for the adoption of air taxis could provide multiple growth opportunities for the global air taxi during the period in analysis. However, hefty differential fares and strict aircraft license regulations could limit the market growth.

Global Air Taxi Market - Regional Analysis

Due to a high focus and increasing investments by the United States and Canada in developing alternate traffic system to ease their heavily congested road traffic, North America could dominate the global air taxi market by region. Los Angeles, for example, was named one of the top cities with the most traffic congestion. Similarly, London is one of Europe's most congested cities, with drivers spending an average of 72 hours a year stuck in traffic. As a result, Uber has stated that it would start its air taxi service in some of the country's most congested areas, including Los Angeles, by 2023. As the home to major emerging economies, such as China and India, the Asia-Pacific air taxi market is forecast to record growth at a significant CAGR during the period in analysis. Rising disposable income, increased traffic congestion, and a growing preference for speedier modes of transportation, China, India, and Japan have enormous growth potential.

Competitive Landscape

Prominent players in global air taxi market include AeroMobile, Airbus S.A.S., Beechcraft Corporation, Boeing, Cessna, Dassault Aviation SA, EHANG, Embraer, Gulfstream, Hyundai, Joby Aviation, Kittyhawk, Lilium, Opener, TERRAFUGIA, Uber's VTOL, and Volocopter GmbH. These companies are concentrating on developing technologies and software to ensure that the air taxi sector runs well. For example, Uber teamed up with NASA and revealed ambitions to develop software to manage air taxi routes and avoid traffic congestion. Meanwhile, China's Ehang 184 was tested in Dubai. It does, however, require an aviation license. Such initiatives are projected to boost the demand for air taxi services in the coming years.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Air Taxi Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Air Taxi Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC22420

1. Research Framework

1.1. Research Objective
1.2. Type Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Air Taxi Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Growing focus on developing different modes of transportation
  - 3.2.1.2. Increasingly congested road traffic
  - 3.2.1.3. Rising global investments in air taxi R&D activities
- 3.2.2. Restraints
  - 3.2.2.1. Stringent regulations on air transport and aviation license
  - 3.2.2.2. High fare with a significant difference
- 3.2.3. Opportunities
  - 3.2.3.1. Supportive initiatives by governments
  - 3.2.3.2. High demand for faster way of travels
- 3.2.4. Challenges
  - 3.2.4.1. Fare with a significant difference
  - 3.2.4.2. Stringent government regulations
3.3. Passenger Capacity Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Air Taxi Market Overview

4.1. Market Size & Forecast, by Value, 2018-2028
- 4.1.1. By Value (USD Billion)
4.2. Market Share & Forecast
- 4.2.1. By Propulsion Type
  - 4.2.1.1. Parallel Hybrid
  - 4.2.1.2. Electric
  - 4.2.1.3. Turboshaft
  - 4.2.1.4. Turboelectric
- 4.2.2. By Aircraft Type
  - 4.2.2.1. Multicopter
  - 4.2.2.2. Quadcopter
  - 4.2.2.3. Others
- 4.2.3. By Passenger Capacity
  - 4.2.3.1. One
  - 4.2.3.2. Two
  - 4.2.3.3. Four
  - 4.2.3.4. More than six
- 4.2.4. By Range
  - 4.2.4.1. Intercity (100 ¬- 400 Kilometers)
  - 4.2.4.2. Intracity (20 ¬- 100 Kilometers)
- 4.2.5. By Mode of Operation
  - 4.2.5.1. Piloted
  - 4.2.5.2. Autonomous
- 4.2.6. By Service
  - 4.2.6.1. Air Taxi Platform Services
  - 4.2.6.2. Air Taxi MRO Services
  - 4.2.6.3. Air Taxi Pilot Training Services
- 4.2.7. By Region
  - 4.2.7.1. North America
  - 4.2.7.2. Europe
  - 4.2.7.3. Asia Pacific
  - 4.2.7.4. Latin America
  - 4.2.7.5. Middle East and Africa

5. North America Air Taxi Market

5.1.1. Market Size & Forecast by Value, 2018-2028
5.1.2. By Value (USD Billion)

5.2. Market Share & Forecast
- 5.2.1. By Propulsion Type
- 5.2.2. By Aircraft Type
- 5.2.3. By Passenger Capacity
- 5.2.4. By Range
- 5.2.5. By Mode of Operation
- 5.2.6. By Service
- 5.2.7. By Country
  - 5.2.7.1. United States
  - 5.2.7.1.1. By Propulsion Type
  - 5.2.7.1.2. By Aircraft Type
  - 5.2.7.1.3. By Passenger Capacity
  - 5.2.7.1.4. By Range
  - 5.2.7.1.5. By Mode of Operation
  - 5.2.7.1.6. By Service
  - 5.2.7.2. Canada
  - 5.2.7.2.1. By Propulsion Type
  - 5.2.7.2.2. By Aircraft Type
  - 5.2.7.2.3. By Passenger Capacity
  - 5.2.7.2.4. By Range
  - 5.2.7.2.5. By Mode of Operation
  - 5.2.7.2.6. By Service

6. Europe Air Taxi Market

6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Propulsion Type
- 6.2.2. By Aircraft Type
- 6.2.3. By Passenger Capacity
- 6.2.4. By Range
- 6.2.5. By Mode of Operation
- 6.2.6. By Service
- 6.2.7. By Country
  - 6.2.7.1. Germany
  - 6.2.7.1.1. By Propulsion Type
  - 6.2.7.1.2. By Aircraft Type
  - 6.2.7.1.3. By Passenger Capacity
  - 6.2.7.1.4. By Range
  - 6.2.7.1.5. By Mode of Operation
  - 6.2.7.1.6. By Service
  - 6.2.7.2. United Kingdom
  - 6.2.7.2.1. By Propulsion Type
  - 6.2.7.2.2. By Aircraft Type
  - 6.2.7.2.3. By Passenger Capacity
  - 6.2.7.2.4. By Range
  - 6.2.7.2.5. By Mode of Operation
  - 6.2.7.2.6. By Service
  - 6.2.7.3. Italy
  - 6.2.7.3.1. By Propulsion Type
  - 6.2.7.3.2. By Aircraft Type
  - 6.2.7.3.3. By Passenger Capacity
  - 6.2.7.3.4. By Range
  - 6.2.7.3.5. By Mode of Operation
  - 6.2.7.3.6. By Service
  - 6.2.7.4. France
  - 6.2.7.4.1. By Propulsion Type
  - 6.2.7.4.2. By Aircraft Type
  - 6.2.7.4.3. By Passenger Capacity
  - 6.2.7.4.4. By Range
  - 6.2.7.4.5. By Mode of Operation
  - 6.2.7.4.6. By Service
  - 6.2.7.5. Spain
  - 6.2.7.5.1. By Propulsion Type
  - 6.2.7.5.2. By Aircraft Type
  - 6.2.7.5.3. By Passenger Capacity
  - 6.2.7.5.4. By Range
  - 6.2.7.5.5. By Mode of Operation
  - 6.2.7.5.6. By Service
  - 6.2.7.6. The Netherlands
  - 6.2.7.6.1. By Propulsion Type
  - 6.2.7.6.2. By Aircraft Type
  - 6.2.7.6.3. By Passenger Capacity
  - 6.2.7.6.4. By Range
  - 6.2.7.6.5. By Mode of Operation
  - 6.2.7.6.6. By Service
  - 6.2.7.7. Belgium
  - 6.2.7.7.1. By Propulsion Type
  - 6.2.7.7.2. By Aircraft Type
  - 6.2.7.7.3. By Passenger Capacity
  - 6.2.7.7.4. By Range
  - 6.2.7.7.5. By Mode of Operation
  - 6.2.7.7.6. By Service
  - 6.2.7.8. NORDIC Countries
  - 6.2.7.8.1. By Propulsion Type
  - 6.2.7.8.2. By Aircraft Type
  - 6.2.7.8.3. By Passenger Capacity
  - 6.2.7.8.4. By Range
  - 6.2.7.8.5. By Mode of Operation
  - 6.2.7.8.6. By Service
  - 6.2.7.9. Rest of Europe
  - 6.2.7.9.1. By Propulsion Type
  - 6.2.7.9.2. By Aircraft Type
  - 6.2.7.9.3. By Passenger Capacity
  - 6.2.7.9.4. By Range
  - 6.2.7.9.5. By Mode of Operation
  - 6.2.7.9.6. By Service

7. Asia Pacific Air Taxi Market

7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Propulsion Type
- 7.2.2. By Aircraft Type
- 7.2.3. By Passenger Capacity
- 7.2.4. By Range
- 7.2.5. By Mode of Operation
- 7.2.6. By Service
- 7.2.7. By Country
  - 7.2.7.1. China
  - 7.2.7.1.1. By Propulsion Type
  - 7.2.7.1.2. By Aircraft Type
  - 7.2.7.1.3. By Passenger Capacity
  - 7.2.7.1.4. By Range
  - 7.2.7.1.5. By Mode of Operation
  - 7.2.7.1.6. By Service
  - 7.2.7.2. India
  - 7.2.7.2.1. By Propulsion Type
  - 7.2.7.2.2. By Aircraft Type
  - 7.2.7.2.3. By Passenger Capacity
  - 7.2.7.2.4. By Range
  - 7.2.7.2.5. By Mode of Operation
  - 7.2.7.2.6. By Service
  - 7.2.7.3. Japan
  - 7.2.7.3.1. By Propulsion Type
  - 7.2.7.3.2. By Aircraft Type
  - 7.2.7.3.3. By Passenger Capacity
  - 7.2.7.3.4. By Range
  - 7.2.7.3.5. By Mode of Operation
  - 7.2.7.3.6. By Service
  - 7.2.7.4. South Korea
  - 7.2.7.4.1. By Propulsion Type
  - 7.2.7.4.2. By Aircraft Type
  - 7.2.7.4.3. By Passenger Capacity
  - 7.2.7.4.4. By Range
  - 7.2.7.4.5. By Mode of Operation
  - 7.2.7.4.6. By Service
  - 7.2.7.5. Australia & New Zealand
  - 7.2.7.5.1. By Propulsion Type
  - 7.2.7.5.2. By Aircraft Type
  - 7.2.7.5.3. By Passenger Capacity
  - 7.2.7.5.4. By Range
  - 7.2.7.5.5. By Mode of Operation
  - 7.2.7.5.6. By Service
  - 7.2.7.6. Indonesia
  - 7.2.7.6.1. By Propulsion Type
  - 7.2.7.6.2. By Aircraft Type
  - 7.2.7.6.3. By Passenger Capacity
  - 7.2.7.6.4. By Range
  - 7.2.7.6.5. By Mode of Operation
  - 7.2.7.6.6. By Service
  - 7.2.7.7. Malaysia
  - 7.2.7.7.1. By Propulsion Type
  - 7.2.7.7.2. By Aircraft Type
  - 7.2.7.7.3. By Passenger Capacity
  - 7.2.7.7.4. By Range
  - 7.2.7.7.5. By Mode of Operation
  - 7.2.7.7.6. By Service
  - 7.2.7.8. Singapore
  - 7.2.7.8.1. By Propulsion Type
  - 7.2.7.8.2. By Aircraft Type
  - 7.2.7.8.3. By Passenger Capacity
  - 7.2.7.8.4. By Range
  - 7.2.7.8.5. By Mode of Operation
  - 7.2.7.8.6. By Service
  - 7.2.7.9. Philippines
  - 7.2.7.9.1. By Propulsion Type
  - 7.2.7.9.2. By Aircraft Type
  - 7.2.7.9.3. By Passenger Capacity
  - 7.2.7.9.4. By Range
  - 7.2.7.9.5. By Mode of Operation
  - 7.2.7.9.6. By Service
  - 7.2.7.10. Vietnam
  - 7.2.7.10.1. By Propulsion Type
  - 7.2.7.10.2. By Aircraft Type
  - 7.2.7.10.3. By Passenger Capacity
  - 7.2.7.10.4. By Range
  - 7.2.7.10.5. By Mode of Operation
  - 7.2.7.10.6. By Service
  - 7.2.7.11. Rest of Asia Pacific
  - 7.2.7.11.1. By Propulsion Type
  - 7.2.7.11.2. By Aircraft Type
  - 7.2.7.11.3. By Passenger Capacity
  - 7.2.7.11.4. By Range
  - 7.2.7.11.5. By Mode of Operation
  - 7.2.7.11.6. By Service

8. Latin America Air Taxi Market

8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Propulsion Type
- 8.2.2. By Aircraft Type
- 8.2.3. By Passenger Capacity
- 8.2.4. By Range
- 8.2.5. By Mode of Operation
- 8.2.6. By Service
- 8.2.7. By Country
  - 8.2.7.1. Brazil
  - 8.2.7.1.1. By Propulsion Type
  - 8.2.7.1.2. By Aircraft Type
  - 8.2.7.1.3. By Passenger Capacity
  - 8.2.7.1.4. By Range
  - 8.2.7.1.5. By Mode of Operation
  - 8.2.7.1.6. By Service
  - 8.2.7.2. Mexico
  - 8.2.7.2.1. By Propulsion Type
  - 8.2.7.2.2. By Aircraft Type
  - 8.2.7.2.3. By Passenger Capacity
  - 8.2.7.2.4. By Range
  - 8.2.7.2.5. By Mode of Operation
  - 8.2.7.2.6. By Service
  - 8.2.7.3. Argentina
  - 8.2.7.3.1. By Propulsion Type
  - 8.2.7.3.2. By Aircraft Type
  - 8.2.7.3.3. By Passenger Capacity
  - 8.2.7.3.4. By Range
  - 8.2.7.3.5. By Mode of Operation
  - 8.2.7.3.6. By Service
  - 8.2.7.4. Peru
  - 8.2.7.4.1. By Propulsion Type
  - 8.2.7.4.2. By Aircraft Type
  - 8.2.7.4.3. By Passenger Capacity
  - 8.2.7.4.4. By Range
  - 8.2.7.4.5. By Mode of Operation
  - 8.2.7.4.6. By Service
  - 8.2.7.5. Colombia
  - 8.2.7.5.1. By Propulsion Type
  - 8.2.7.5.2. By Aircraft Type
  - 8.2.7.5.3. By Passenger Capacity
  - 8.2.7.5.4. By Range
  - 8.2.7.5.5. By Mode of Operation
  - 8.2.7.5.6. By Service
  - 8.2.7.6. Rest of Latin America
  - 8.2.7.6.1. By Propulsion Type
  - 8.2.7.6.2. By Aircraft Type
  - 8.2.7.6.3. By Passenger Capacity
  - 8.2.7.6.4. By Range
  - 8.2.7.6.5. By Mode of Operation
  - 8.2.7.6.6. By Service

9. Middle East & Africa Air Taxi Market

9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Propulsion Type
- 9.2.2. By Aircraft Type
- 9.2.3. By Passenger Capacity
- 9.2.4. By Range
- 9.2.5. By Mode of Operation
- 9.2.6. By Service
- 9.2.7. By Country
  - 9.2.7.1. Saudi Arabia
  - 9.2.7.1.1. By Propulsion Type
  - 9.2.7.1.2. By Aircraft Type
  - 9.2.7.1.3. By Passenger Capacity
  - 9.2.7.1.4. By Range
  - 9.2.7.1.5. By Mode of Operation
  - 9.2.7.1.6. By Service
  - 9.2.7.2. UAE
  - 9.2.7.2.1. By Propulsion Type
  - 9.2.7.2.2. By Aircraft Type
  - 9.2.7.2.3. By Passenger Capacity
  - 9.2.7.2.4. By Range
  - 9.2.7.2.5. By Mode of Operation
  - 9.2.7.2.6. By Service
  - 9.2.7.3. Qatar
  - 9.2.7.3.1. By Propulsion Type
  - 9.2.7.3.2. By Aircraft Type
  - 9.2.7.3.3. By Passenger Capacity
  - 9.2.7.3.4. By Range
  - 9.2.7.3.5. By Mode of Operation
  - 9.2.7.3.6. By Service
  - 9.2.7.4. Kuwait
  - 9.2.7.4.1. By Propulsion Type
  - 9.2.7.4.2. By Aircraft Type
  - 9.2.7.4.3. By Passenger Capacity
  - 9.2.7.4.4. By Range
  - 9.2.7.4.5. By Mode of Operation
  - 9.2.7.4.6. By Service
  - 9.2.7.5. Iran
  - 9.2.7.5.1. By Propulsion Type
  - 9.2.7.5.2. By Aircraft Type
  - 9.2.7.5.3. By Passenger Capacity
  - 9.2.7.5.4. By Range
  - 9.2.7.5.5. By Mode of Operation
  - 9.2.7.5.6. By Service
  - 9.2.7.6. South Africa
  - 9.2.7.6.1. By Propulsion Type
  - 9.2.7.6.2. By Aircraft Type
  - 9.2.7.6.3. By Passenger Capacity
  - 9.2.7.6.4. By Range
  - 9.2.7.6.5. By Mode of Operation
  - 9.2.7.6.6. By Service
  - 9.2.7.7. Nigeria
  - 9.2.7.7.1. By Propulsion Type
  - 9.2.7.7.2. By Aircraft Type
  - 9.2.7.7.3. By Passenger Capacity
  - 9.2.7.7.4. By Range
  - 9.2.7.7.5. By Mode of Operation
  - 9.2.7.7.6. By Service
  - 9.2.7.8. Kenya
  - 9.2.7.8.1. By Propulsion Type
  - 9.2.7.8.2. By Aircraft Type
  - 9.2.7.8.3. By Passenger Capacity
  - 9.2.7.8.4. By Range
  - 9.2.7.8.5. By Mode of Operation
  - 9.2.7.8.6. By Service
  - 9.2.7.9. Egypt
  - 9.2.7.9.1. By Propulsion Type
  - 9.2.7.9.2. By Aircraft Type
  - 9.2.7.9.3. By Passenger Capacity
  - 9.2.7.9.4. By Range
  - 9.2.7.9.5. By Mode of Operation
  - 9.2.7.9.6. By Service
  - 9.2.7.10. Morocco
  - 9.2.7.10.1. By Propulsion Type
  - 9.2.7.10.2. By Aircraft Type
  - 9.2.7.10.3. By Passenger Capacity
  - 9.2.7.10.4. By Range
  - 9.2.7.10.5. By Mode of Operation
  - 9.2.7.10.6. By Service
  - 9.2.7.11. Algeria
  - 9.2.7.11.1. By Propulsion Type
  - 9.2.7.11.2. By Aircraft Type
  - 9.2.7.11.3. By Passenger Capacity
  - 9.2.7.11.4. By Range
  - 9.2.7.11.5. By Mode of Operation
  - 9.2.7.11.6. By Service
  - 9.2.7.12. Rest of Middle East & Africa
  - 9.2.7.12.1. By Propulsion Type
  - 9.2.7.12.2. By Aircraft Type
  - 9.2.7.12.3. By Passenger Capacity
  - 9.2.7.12.4. By Range
  - 9.2.7.12.5. By Mode of Operation
  - 9.2.7.12.6. By Service

10. Competitive Landscape

10.1. List of Key Players and Their Ranges
10.2. Global Air Taxi Company Market Share Analysis, 2021
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, and others)

11. Impact of Covid-19 on Global Air Taxi System Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT)

12.1. AeroMobile
12.2. Airbus S.A.S.
12.3. Beechcraft Corporation
12.4. Boeing
12.5. Cessna
12.6. Dassault Aviation SA
12.7. EHANG
12.8. Embraer
12.9. Gulfstream
12.10. Hyundai
12.11. Joby Aviation
12.12. Kittyhawk
12.13. Lilium
12.14. Opener
12.15. TERRAFUGIA
12.16. Uber's VTOL
12.17. Volocopter GmbH
12.18. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations