The US air taxi market is projected to grow at a considerable CAGR during the forecast period. The US is home to most millionaires across the globe. As per the Credit Suisse report, around 40% of the global millionaires are in the US which is around 18.6 million in 2019, with an increment of 675,000 millionaires over the past year. The high population base provides a potential customer base for the air taxi and personal air taxi.

High traffic congestion in the country is also a motivating factor for the market. As per a study conducted by INRIX, the cost of traffic congestion in the US was around $305 billion in 2018, $10 billion higher than in 2016. The introduction of an alternative mode of transportation can reduce traffic congestion and can save a significant amount of time for the people, which provides a significant opportunity for the market in the country.

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The US market for air taxis is segregated on the basis of propulsion type and operation. As per the propulsion type, the market is further classified into electric, parallel hybrid, turboshaft, and turboelectric. The electric segment is projected to have considerable growth in the US air taxi market. On the basis of operation, the market is further segregated into autonomous and piloted. The autonomous operation segment is projected to hold a significant share owing to the rising demand for autonomous air vehicles in the country.

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The market study of the US air taxi market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

US Air Taxi Market – Segmentation
by Propulsion Type
Electric
Parallel Hybrid
Turboshaft
Turboelectric
by Operation
Autonomous
Piloted

Company Profiles
Airbus SE
Airspace Experience Technologies, Inc.
The Boeing Co.
Bell Textron, Inc.
Honeywell International, Inc.
Hoversurf
Kitty Hawk Corp.
Nurol Aviation Inc.
Lockheed Martin Corp.
Skyway Air Taxi, LLC
Uber Technologies, Inc.

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