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Air Taxi Market by Propulsion Type, Aircraft Type and Passenger Capacity: Global Opportunity Analysis and Industry Forecast, 2021-2030

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    Report

  • 221 Pages
  • December 2019
  • Region: Global
  • Allied Market Research
  • ID: 4990093
Description Jump to:
Air taxi is a type of aircraft that is well organized in operations and is intended for shorter distance to travel. The concept of air taxi was first introduced way back in 2001 by NASA and aerospace industry study on the potential Small Aircraft Transportation System (SATS) and rise of light-jet aircraft manufacturing in the U.S. Later with the increased number of vehicles running on the road followed by the increased traffic congestion, the demand for better and efficient transportation system has increased leading the introduction of air taxi across the globe. Various companies having experience in aviation and transportation industry have come up under several collaborations for the development of air taxi to be implemented across the globe.

Increase in government initiatives and rise in investments by the top players in the aviation industry boost the growth of the global air taxi market. Moreover, increase in development and innovations further fuels the market growth. In addition, positive impact of developments carried out by numerous startups and top players increase the adoption and growth of the air taxies across the globe.

The factors such as need for an alternative mode of transportation and increased road traffic congestion drive the growth of the air taxi market. However, high differential fare and stringent regulations for aviation license is expected to hamper the market growth. Further, government initiatives for the introduction of air taxi is expected to create numerous opportunities for the growth and expansion of market.
Air taxis are anticipated to witness significant growth over the years, owing to rise in awareness among consumers along with increase in demand for alternative transportation medium to tackle the traffic congestion problem.

The global air taxi market is segmented on the basis of propulsion type, aircraft type, passenger capacity, and region. Based on propulsion system, the market is categorized into parallel hybrid, electric, turboshaft, and turboelectric propulsion. Depending on aircraft type, it is divided into multicopter, quadcopter, and other. Based on passenger capacity, it is fragmented into one, two, four, and more than six passengers sitting in the vehicle. Based on region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players analyzed in the air taxi market include Airbus S.A.S., Beechcraft Corporation (subsidiary of Textron Aviation), Boeing, Dassault Systèmes, Embraer, EHANG, Hyundai, Lilium, Volocopter GmbH, and Uber Technologies.

KEY BENEFITS FOR STAKEHOLDERS
  • This study presents the analytical depiction of the global air taxi market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall market potential is determined to understand the profitable trends to enable stakeholders gain a stronger foothold in the market.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current market is quantitatively analyzed from 2021 to 2030 to highlight the financial competency of the market.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers.

KEY MARKET SEGMENTS

By Propulsion
  • Parallel Hybrid
  • Electric
  • Turboshaft
  • Turboelectric

By Aircraft type
  • Multicopter
  • Quadcopter
  • Others

By Passenger capacity
  • One
  • Two
  • Four
  • More than six

By Region
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Netherlands
  • UK
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Turkey
  • Saudi Arabia
  • South Africa
  • Rest of LAMEA

Table of Contents

Chapter 1: Introduction
1.1. Report Description
1.2. Key Benefits For Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools And Models
Chapter 2: Executive Summary
2.1. CXO Perspective
Chapter 3: Market Overview
3.1. Market Definition And Scope
3.2. Key Findings
3.2.1. Top Impacting Factors
3.2.2. Top Investment Pockets
3.2.3. Top Winning Strategies
3.3. Porter’S Five Forces Analysis
3.4. Market Share Analysis (2021)
3.5. Market Dynamics
3.5.1. Drivers
3.5.1.1. Need For An Alternative Mode of Transportation
3.5.1.2. Increased Road Traffic Congestion
3.5.2. Restraint
3.5.2.1. High Differential Fare
3.5.2.2. Strict Regulations For Aviation License
3.5.3. Opportunities
3.5.3.1. Government Initiatives
Chapter 4: Air Taxi Market, By Propulsion Type
4.1. Overview
4.2. Parallel Hybrid
4.2.1. Key Market Trends, Growth Factors And Opportunities
4.2.2. Market Size And Forecast, By Region
4.2.3. Market Analysis By Country
4.3. Electric
4.3.1. Key Market Trends, Growth Factors, And Opportunities
4.3.2. Market Size And Forecast, By Region
4.3.3. Market Analysis By Country
4.4. Turboshaft
4.4.1. Key Market Trends, Growth Factors, And Opportunities
4.4.2. Market Size And Forecast, By Region
4.4.3. Market Analysis By Country
4.5. Turboelectric
4.5.1. Key Market Trends, Growth Factors, And Opportunities
4.5.2. Market Size And Forecast, By Region
4.5.3. Market Analysis By Country
Chapter 5: Air Taxi Market, By Aircraft Type
5.1. Overview
5.2. Multi-Copter
5.2.1. Key Market Trends, Growth Factors And Opportunities
5.2.2. Market Size And Forecast, By Region
5.2.3. Market Analysis By Country
5.3. Quadcopter
5.3.1. Key Market Trends, Growth Factors, And Opportunities
5.3.2. Market Size And Forecast, By Region
5.3.3. Market Analysis By Country
5.4. Others
5.4.1. Key Market Trends, Growth Factors, And Opportunities
5.4.2. Market Size And Forecast, By Region
5.4.3. Market Analysis By Country
Chapter 6: Air Taxi Market, By Passenger Capacity
6.1. Overview
6.2. One
6.2.1. Key Market Trends, Growth Factors And Opportunities
6.2.2. Market Size And Forecast, By Region
6.2.3. Market Analysis By Country
6.3. Two
6.3.1. Key Market Trends, Growth Factors, And Opportunities
6.3.2. Market Size And Forecast, By Region
6.3.3. Market Analysis By Country
6.4. Four
6.4.1. Key Market Trends, Growth Factors, And Opportunities
6.4.2. Market Size And Forecast, By Region
6.4.3. Market Analysis By Country
6.5. More Than Six
6.5.1. Key Market Trends, Growth Factors, And Opportunities
6.5.2. Market Size And Forecast, By Region
6.5.3. Market Analysis By Country
Chapter 7: Air Taxi Market, By Region
7.1. Overview
7.2. North America
7.2.1. Key Market Trends, Growth Factors, And Opportunities
7.2.2. Market Size And Forecast, By Propulsion Type
7.2.3. Market Size And Forecast, By Aircraft Type
7.2.4. Market Size And Forecast, By Passenger Capacity
7.2.5. Market Analysis By Country
7.2.5.1. U.S.
7.2.5.1.1. Market Size And Forecast, By Propulsion Type
7.2.5.1.2. Market Size And Forecast, By Aircraft Type
7.2.5.1.3. Market Size And Forecast, By Passenger Capacity
7.2.5.2. Canada
7.2.5.2.1. Market Size And Forecast, By Propulsion Type
7.2.5.2.2. Market Size And Forecast, By Aircraft Type
7.2.5.2.3. Market Size And Forecast, By Passenger Capacity
7.2.5.3. Mexico
7.2.5.3.1. Market Size And Forecast, By Propulsion Type
7.2.5.3.2. Market Size And Forecast, By Aircraft Type
7.2.5.3.3. Market Size And Forecast, By Passenger Capacity
7.3. Europe
7.3.1. Key Market Trends, Growth Factors, And Opportunities
7.3.2. Market Size And Forecast, By Propulsion Type
7.3.3. Market Size And Forecast, By Aircraft Type
7.3.4. Market Size And Forecast, By Passenger Capacity
7.3.5. Market Analysis By Country
7.3.5.1. Germany
7.3.5.1.1. Market Size And Forecast, By Propulsion Type
7.3.5.1.2. Market Size And Forecast, By Aircraft Type
7.3.5.1.3. Market Size And Forecast, By Passenger Capacity
7.3.5.2. France
7.3.5.2.1. Market Size And Forecast, By Propulsion Type
7.3.5.2.2. Market Size And Forecast, By Aircraft Type
7.3.5.2.3. Market Size And Forecast, By Passenger Capacity
7.3.5.3. Netherlands
7.3.5.3.1. Market Size And Forecast, By Propulsion Type
7.3.5.3.2. Market Size And Forecast, By Aircraft Type
7.3.5.3.3. Market Size And Forecast, By Passenger Capacity
7.3.5.4. UK
7.3.5.4.1. Market Size And Forecast, By Propulsion Type
7.3.5.4.2. Market Size And Forecast, By Aircraft Type
7.3.5.4.3. Market Size And Forecast, By Passenger Capacity
7.3.5.5. Rest of Europe
7.3.5.5.1. Market Size And Forecast, By Propulsion Type
7.3.5.5.2. Market Size And Forecast, By Aircraft Type
7.3.5.5.3. Market Size And Forecast, By Passenger Capacity
7.4. Asia-Pacific
7.4.1. Key Market Trends, Growth Factors, And Opportunities
7.4.2. Market Size And Forecast, By Propulsion Type
7.4.3. Market Size And Forecast, By Aircraft Type
7.4.4. Market Size And Forecast, By Passenger Capacity
7.4.5. Market Analysis By Country
7.4.5.1. China
7.4.5.1.1. Market Size And Forecast, By Propulsion Type
7.4.5.1.2. Market Size And Forecast, By Aircraft Type
7.4.5.1.3. Market Size And Forecast, By Passenger Capacity
7.4.5.2. Japan
7.4.5.2.1. Market Size And Forecast, By Propulsion Type
7.4.5.2.2. Market Size And Forecast, By Aircraft Type
7.4.5.2.3. Market Size And Forecast, By Passenger Capacity
7.4.5.3. India
7.4.5.3.1. Market Size And Forecast, By Propulsion Type
7.4.5.3.2. Market Size And Forecast, By Aircraft Type
7.4.5.3.3. Market Size And Forecast, By Passenger Capacity
7.4.5.4. South Korea
7.4.5.4.1. Market Size And Forecast, By Propulsion Type
7.4.5.4.2. Market Size And Forecast, By Aircraft Type
7.4.5.4.3. Market Size And Forecast, By Passenger Capacity
7.4.5.5. Rest of Asia-Pacific
7.4.5.5.1. Market Size And Forecast, By Propulsion Type
7.4.5.5.2. Market Size And Forecast, By Aircraft Type
7.4.5.5.3. Market Size And Forecast, By Passenger Capacity
7.5. LAMEA
7.5.1. Key Market Trends, Growth Factors, And Opportunities
7.5.2. Market Size And Forecast, By Propulsion Type
7.5.3. Market Size And Forecast, By Aircraft Type
7.5.4. Market Size And Forecast, By Passenger Capacity
7.5.5. Market Analysis By Country
7.5.5.1. Latin America
7.5.5.1.1. Market Size And Forecast, By Propulsion Type
7.5.5.1.2. Market Size And Forecast, By Aircraft Type
7.5.5.1.3. Market Size And Forecast, By Passenger Capacity
7.5.6.2. Middle East
7.5.6.2.1. Market Size And Forecast, By Propulsion Type
7.5.6.2.2. Market Size And Forecast, By Aircraft Type
7.5.6.2.3. Market Size And Forecast, By Passenger Capacity
7.5.6.3. Africa
7.5.6.3.1. Market Size And Forecast, By Propulsion Type
7.5.6.3.2. Market Size And Forecast, By Aircraft Type
7.5.6.3.3. Market Size And Forecast, By Passenger Capacity
Chapter 8: Company Profiles
8.1. Airbus S.A.S.
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Business Performance
8.1.5. Key Strategic Moves And Developments
8.2. Beechcraft Corporation (Subsidiary of Textron Aviation)
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Business Performance
8.3. Boeing
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Business Performance
8.3.5. Key Strategic Moves And Developments
8.4. Dassault Systèmes
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Business Performance
8.4.5. Key Strategic Moves And Developments
8.5. Embraer
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Business Performance
8.5.5. Key Strategic Moves And Developments
8.6. Ehang
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Key Strategic Moves And Developments
8.7. Hyundai Motor Company
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Business Performance
8.7.5. Key Strategic Moves And Developments
8.8. Lilium
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Key Strategic Moves And Developments
8.9. Volocopter Gmbh
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Key Strategic Moves And Developments
8.10. Uber Technologies
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4. Business Performance
8.10.5. Key Strategic Moves And Developments

Executive Summary

According to the report titled 'Air Taxi Market by Propulsion Type, Aircraft Type, and Passenger Capacity: Global Opportunity Analysis and Industry Forecast, 2021-2030'the global air taxi market size is expected to be $817.50 million in 2021, and is projected to reach $6.63 billion by 2030, registering a CAGR of 26.2%.

North America is expected to dominate the market, followed by Europe, Asia-Pacific, and LAMEA. U.S. is expected to dominate the global air taxi market share in 2021, and is projected to grow at a significant rate during the forecast period.

Air taxi is a type of aircraft which is well organized in operations and is intended for shorter distance to travel. The concept of air taxi was first introduced way back in 2001 by NASA and aerospace industry study on the potential Small Aircraft Transportation System (SATS) and rise of light-jet aircraft manufacturing in the U.S. Later with the increased number of vehicles running on the road followed by the increased traffic congestion, the demand for better and efficient transportation system has increased; thereby, increasing the demand for air taxi across the globe. Furthermore, various companies in aviation and transportation industry collaborated for the development of air taxi to be implemented across the globe which has fueled the air taxi industry thereby proving a growth factor for the air taxi market.

Increase in government initiatives and rise in investments by the top players in the aviation industry boost the growth of the global air taxi market. Moreover, increase in development and innovations further fuels the market growth. In addition, positive impact of developments carried out by numerous startups and top players increase the adoption and growth of the air taxies across the globe.

A good quality ride provides comfort to the passengers, minimizes the travel time, and reduces passenger fatigue on long journeys thereby increasing the air taxi outlook among customers. Air taxi is responsible for quality of rides and is efficient in travelling to a specific distance without facing any traffic on the roads. With increased demand for alternative means of transport across the globe, the demand for air taxis has increased, which in turn boost the growth of the global air taxi market.

Air taxi will be more effective and powerful than other transportation systems as it is a new technology and with wider upgradation in the aviation industry the air taxi market is expected to see a significant growth in the near future.

Air taxi includes various types of aircrafts such as multicopter, quadcopter, and tiltwing aircrafts, which will be based on different propulsion system such as electric or hybrid. In addition, the passenger capacity to be carried on the air taxi are of various types such as one, two, and more, which depend on the capacity of the aircraft.

The factors such as need for an alternative mode of transportation and increased road traffic congestion drive the growth of the air taxi market. However, high differential fare and stringent regulations for aviation license is expected to hamper the market growth. Further, government initiatives for the introduction of air taxi is expected to create numerous opportunities for the growth and expansion of market.

Key Finding of The Air Taxi Market:

Based on propulsion, the electric propulsion system will generate the highest revenue in 2021.
Based on aircraft type, the quadcopter and multicopter segment will be the highest revenue contributor in 2021.
Based on North America region, U.S. is anticipated to exhibit the highest CAGR during the forecast period.
Based on region, North America contributed the highest market revenue in 2021, followed by Europe, Asia-Pacific, and LAMEA.
The key players analyzed in this report are Airbus S.A.S., Beechcraft Corporation (subsidiary of Textron Aviation), Boeing, Dassault Systèmes, Embraer, EHANG, Hyundai, Lilium, Volocopter GmbH, and Uber Technologies.

Companies Mentioned

  • Airbus S.A.S.
  • Beechcraft Corporation (subsidiary of Textron Aviation)
  • Boeing
  • Dassault Systèmes
  • Embraer
  • EHANG
  • Hyundai
  • Lilium
  • Volocopter GmbH
  • Uber Technologies.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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