The air taxi is a well-organized aircraft to commute over shorter
distances. Its compact size & operational capabilities allow it to land and
take-off from littler runways. It offers various benefits such as preserving
wealth through proactive management or suitable strategies, it assists with the
allocation of prosperity from one generation to next generation through
strategic asset allocation and it mitigate risks via diversifying investments.
The benefits of these air taxis increase demand worldwide.
According to study, “Air Taxi Market by Propulsion Type (Parallel Hybrid,
Electric, Turboshaft, and Turboelectric), Aircraft Type (Multicopter,
Quadcopter, and Others), and Passenger Capacity (One, Two, Four, and More than
six): Global Opportunity Analysis and Industry Forecast, 2021-2030”.
Some of the key companies operating in the global air taxi market are Airbus
S.A.S., Boeing, Dassault Systemes, Beechcraft Corporation (subsidiary of
Textron Aviation), Embraer, Lilium, Volocopter GmbH, EHANG, Hyundai, and Uber
Technologies. The key operating players in the market are aiming to develop
software in order to ensure smooth operational workflow of air taxis.
Based on type, air taxi market is segmented into air taxi maintenance,
repair and overhaul (MRO) services, air taxi platform services and air taxi
pilot training services. Based on propulsion system, market is segmented into
electric, parallel hybrid, turboshaft, and turboelectric propulsion.Electric
segment holds major share in market as increased performance of the vehicle
coupled with reduced weight of the vehicle with electric propulsion. The
parallel hybrid and turboelectric propulsion systems are anticipated to exhibit
considerable growth rate owing to increase in focus on the use of
fuel-efficient vehicles with long-distance coverage during the forecast period.
Based on aircraft type, market is segmented into quadcopter, multicopter, and
others. Based on mode of operation, market is segmented into piloted and
optionally piloted. Based on range, market is segmented into intercity (100
kilometers-400 kilometers) and intra-city (20 kilometers-100 kilometers). Based
on passenger capacity, market is segmented into one, two, four, and more than
six passengers sitting in the vehicle.
The air taxi market is driven by increase in road traffic
congestion, followed by rise in need for an alternative mode of transportation,
surge in awareness among consumers along with rise in demand for alternative
transportation medium to tackle the traffic congestion problem and increase in
efforts on providing access to urban areas. However, strict regulations for
aviation license and high differential fare may impact the market. Moreover, government
initiatives for the introduction of air taxi are a key opportunity for market.
Based on geography, the North-American is a prominent region in
global air taxi market owing to high traffic congestion and availability of
industry players in the region. Whereas, the Asian-Pacific and European regions
are estimated to witness higher growth rate due to presence of emerging
economies and rise in disposable income over the forecast period. In upcoming
years, it is expected that future of the market will be optimistic as a result
of growth in preference for faster modes of travel and access to remote
locations with lack of proper infrastructure as well as the trending concept of
smart cities during the forecast period.
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