The air taxi market is anticipated to grow at a CAGR of around 26.3% during the forecast period 2020 to 2027 and to reach around US$ 3.5 Bn by 2027.
Air taxi is gaining importance due to its major benefit of convenience for a short distance. Aerospace players are developing air taxies that are capable of landing and taking off on a short runway. Air Taxies are capable to land on a small place and can access remote locations.
Growing preference for air travel that is well-organized for short-distance travel is a major factor augmenting market growth. Air taxis are compact size and have high operational efficiency they can take-off and land in small places. Consumers are inclining towards the adoption of flight that is close to the destination and saves time.
Increasing government initiatives related to smart cities and approach towards facilitating better air transport service is another factor expected to support the growth of the target market. Government is spending high on the development of cities in order to provide a better living solution to people. Better transportation facilities that are able to increase access to various locations within a limited time frame.
Air Taxies are able to travel to a remote location and places with limited infrastructure facilities. Locations such as off-shore oil & gas facilities have limited transportation access in such cases availability of air taxies that has high power and is fuel-efficient is expected to face high demand.
Manufacturers are inclining towards the development of are taxies that high power and are electric. Increasing air traffic in developed and developing countries which are resulting in high fuel consumption and major players approach towards the development of alternative mode of air transport facility that is energy efficient and has low environmental impact are factors responsible to impact the global market growth positively.
However, high variation in airfares and availability of alternative transportation facility at a low price is expected to hamper the growth of the global market. Availability of developed road transportation facility at low cost is lowering the consumer’s preference for air travel. In addition, the high cost involved in research and development activities is expected to challenge the growth of the global market.
Development of smart air taxies by the major payers that has low fuel consumption and provides high comfort is expected to create new revenue opportunities in the coming years.
Segment Analysis by Region
The market in North America is expected to account for major revenue share due to the high preference for air travel among consumers and rising air traffic. In addition, the presence of major players operating in the country and the introduction of a new innovative solution is expected to further support the growth of the target market in this region. In 2019, EHang flew its EHang 216 two-seat self-flying taxi fully autonomously in North Carolina. EHang is now working toward extending that approval to flying with passengers on board.
Asia Pacific market is expected to witness faster growth due to high government spending on smart cities projects. In addition, increasing public-private partnerships for RD& activities and in order to facilitate the air transportation facility is expected to support the regional market growth. In 2019, VTOL Aviation Pvt. Ltd. Collaborated with the IIT Kanpur for the development of air taxi and is expected to launch its first taxi in 2025.
Moreover, the presence of major service providers operating in the country is expected to further support the target market growth in this region. In 2019 Uber is expected to launch its first Aerial ride-sharing service in Mumbai in collaboration with the major aerospace players it is expected to launch the service in 2023.
Competitive Landscape
The competitive scenario of the market is high as there is a high investment by the players operating on a global level for R&D activities. In addition, the approach towards increasing the profit share and business development activities through strategic merger and acquisitions are expected to increase the competition.
Report coverage
|
Market
|
Global Air Taxi Market
|
|
Analysis Period
|
2016 – 2027
|
|
Base Year
|
2019
|
|
Forecast Data
|
2020 – 2027
|
|
Market Stratification
|
Component, Aircraft Type, Propulsion Type and Geography
|
|
Regional Scope
|
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
|
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
|
The report covers global air taxi market size and segment markets by component, aircraft type, propulsion type and geography. The component segment is bifurcated into hardware and software & services. Among the component, the hardware segment is expected to account for major revenue share in the target market. The aircraft type segment is divided into multi-copter, quadcopter, and others. Among the aircraft type, the multi-copter segment is expected to account for significant revenue share in the target market.
The players profiled in the report include Airbus, Beechcraft Corporation, Boeing, Dassault Aviation SA, EHANG, Volocopter GmbH, and Uber Technologies, Inc.
Market Segmentation
Market By Component
Hardware
Software & Services
Market By Aircraft Type
Multicopter
Quadcopter
Others
Market By Propulsion Type
Parallel Hybrid
Electric
Turboshaft
Turboelectric
Market By Region
North America
Europe
- UK
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
CHAPTER 1. Industry Overview of Air Taxi
1.1. Definition and Scope
1.1.1. Definition of Air Taxi
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Air Taxi Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Air Taxi Market By Component
1.2.3. Air Taxi Market By Aircraft Type
1.2.4. Air Taxi Market By Propulsion Type
1.2.5. Air Taxi Market by Regions
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Source
2.2.1. Secondary Sources
2.2.2. Primary Sources
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restrain 1
3.2.2. Restrain 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Air Taxi Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Air Taxi Market
3.7. Value Chain Analysis
3.8. Cost Structure Analysis
3.8.1. Proportion of Manufacturing Cost Structure
3.8.1.1. Raw Material
3.8.1.2. Labor Cost
3.8.1.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2019
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2019
4.2. R&D Status and Application Source of Air Taxi Major Manufacturers in 2019
CHAPTER 5. Air Taxi Market By Component
5.1. Introduction
5.2. Air Taxi Revenue By Component
5.2.1. Air Taxi Revenue (US$ Mn) and Forecast, By Component, 2016-2027
5.2.2. Hardware
5.2.2.1. Hardware Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
5.2.3. Software & Services
5.2.3.1. Software & Services Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 6. Air Taxi Market Revenue By Aircraft Type
6.1. Introduction
6.2. Air Taxi Revenue (US$ Mn) By Aircraft Type
6.2.1. Air Taxi Revenue (US$ Mn) and Forecast By Aircraft Type, 2016 - 2027
6.2.2. Multicopter
6.2.2.1. Multicopter Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.3. Quadcopter
6.2.3.1. Quadcopter Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
6.2.4. Others
6.2.4.1. Others Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 7. Air Taxi Market By Propulsion Type
7.1. Introduction
7.2. Air Taxi Revenue (US$ Mn) By Propulsion Type
7.2.1. Air Taxi Revenue (US$ Mn) and Forecast By Propulsion Type, 2016 - 2027
7.2.2. Parallel Hybrid
7.2.2.1. Parallel Hybrid Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.3. Electric
7.2.3.1. Electric Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.4. Turboshaft
7.2.4.1. Turboshaft Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
7.2.5. Turboelectric
7.2.5.1. Turboelectric Market Revenue (US$ Mn) and Growth Rate (%), 2016-2027
CHAPTER 8. North America Air Taxi Market By Country
8.1. North America Air Taxi Overview
8.2. U.S.
8.2.1. U.S. Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
8.2.2. U.S. Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016-2027
8.2.3. U.S. Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016-2027
8.3. Canada
8.3.1. Canada Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
8.3.2. Canada Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016-2027
8.3.3. Canada Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016-2027
8.4. North America PEST Analysis
CHAPTER 9. Europe Air Taxi Market By Country
9.1. Europe Air Taxi Market Overview
9.2. U.K.
9.2.1. U.K. Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.2.2. U.K. Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016-2027
9.2.3. U.K. Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016-2027
9.3. Germany
9.3.1. Germany Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.3.2. Germany Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016-2027
9.3.3. Germany Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016-2027
9.4. France
9.4.1. France Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.4.2. France Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016-2027
9.4.3. France Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016-2027
9.5. Spain
9.5.1. Spain Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.5.2. Spain Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016-2027
9.5.3. Spain Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016-2027
9.6. Rest of Europe
9.6.1. Rest of Europe Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016-2027
9.6.2. Rest of Europe Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016-2027
9.6.3. Rest of Europe Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016-2027
9.7. Europe PEST Analysis
CHAPTER 10. Asia Pacific Air Taxi Market By Country
10.1. Asia Pacific Air Taxi Market Overview
10.2. China
10.2.1. China Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.2.2. China Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016 - 2027
10.2.3. China Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016 - 2027
10.3. Japan
10.3.1. Japan Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.3.2. Japan Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016 - 2027
10.3.3. Japan Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016 - 2027
10.4. India
10.4.1. India Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.4.2. India Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016 - 2027
10.4.3. India Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016 - 2027
10.5. Australia
10.5.1. Australia Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.5.2. Australia Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016 - 2027
10.5.3. Australia Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016 - 2027
10.6. South Korea
10.6.1. South Korea Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.6.2. South Korea Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016 - 2027
10.6.3. South Korea Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016 - 2027
10.7. Rest of Asia-Pacific
10.7.1. Rest of Asia-Pacific Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
10.7.2. Rest of Asia-Pacific Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016 - 2027
10.7.3. Rest of Asia-Pacific Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016 - 2027
10.8. Asia Pacific PEST Analysis
CHAPTER 11. Latin America Air Taxi Market By Country
11.1. Latin America Air Taxi Market Overview
11.2. Brazil
11.2.1. Brazil Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
11.2.2. Brazil Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016 - 2027
11.2.3. Brazil Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016 - 2027
11.3. Mexico
11.3.1. Mexico Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
11.3.2. Mexico Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016 - 2027
11.3.3. Mexico Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016 - 2027
11.4. Rest of Latin America
11.4.1. Rest of Latin America Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
11.4.2. Rest of Latin America Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016 - 2027
CHAPTER 12. Middle East & Africa Air Taxi Market By Country
12.1. Middle East & Africa Air Taxi Market Overview
12.2. Saudi Arabia
12.2.1. Saudi Arabia Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
12.2.2. Saudi Arabia Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016 - 2027
12.2.3. Saudi Arabia Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016 - 2027
12.3. UAE
12.3.1. UAE Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
12.3.2. UAE Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016 - 2027
12.3.3. UAE Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016 - 2027
12.4. Rest of Middle East & Africa
12.4.1. Rest of Middle East & Africa Air Taxi Market Revenue (US$ Mn) and Forecast By Component, 2016 - 2027
12.4.2. Rest of Middle East & Africa Air Taxi Market Revenue (US$ Mn) and Forecast By Aircraft Type, 2016 - 2027
12.4.3. Rest of Middle East & Africa Air Taxi Market Revenue (US$ Mn) and Forecast By Propulsion Type, 2016 - 2027
CHAPTER 13. PLAYER ANALYSIS OF AIR TAXI MARKET
13.1. Air Taxi Market Company Share Analysis
13.2. Competition Matrix
13.2.1. Competitive Benchmarking of key players by price, presence, market share, and R&D investment
13.2.2. New Product Launches and Product Enhancements
13.2.3. Mergers And Acquisition In Global Air Taxi Market
13.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 14. COMPANY PROFILE
14.1. Airbus
14.1.1. Company Snapshot
14.1.2. Business Overview
14.1.3. Financial Overview
14.1.3.1. Revenue (US$ Mn), 2019
14.1.3.2. Airbus 2019 Air Taxi Business Regional Distribution
14.1.4. Product/ Service and Specification
14.1.5. Manufacturing Plant Footprint Analysis
14.2. Beechcraft Corporation
14.3. Boeing
14.4. Dassault Aviation SA
14.5. EHANG
14.6. Volocopter GmbH
14.7. Uber Technologies, Inc.
14.8. Hyundai Motor Company
14.9. Lilium
14.10. Others
