The US air taxi market is estimated to grow at a considerable CAGR during the forecast period (2020-2026). The market is mainly driven by the contribution of various major players in the country such as Uber Inc., Honeywell International, Kitty Hawk, Hoversurf, and others. For instance, In October 2019, Uber announced the launch of The Uber Copter, a helicopter taxi service that started in New York. Along with that in October 2019, Boeing signed an MoU with Porsche to find new opportunities in UAM. Both the companies with Boeing’s subsidiary Aurora Flight Sciences are working to develop electric VTOL aircraft.
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The global market for air taxi is projected to have considerable CAGR of around 26.5% during the forecast period. The growth of the air taxi market is attributed to the rising investments from various private organizations to enhance the consumer flying experience by providing UAM for commercial applications including air taxi. The rapid urbanization along with increased road congestion has led the manufacturers and service providers to offer efficient and cost-effective transportation and goods-delivery system, which has resulted in the growth of the air taxi services. Further, extensive R&D investments in the air taxi market, with many startups and aerospace players actively contributing to the market are creating enormous growth opportunities in the market. Adding to this, increasing demand for autonomous flight technology coupled with the developed communication system tends to increase the market share of air taxi.
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Market Segmentation
Global Air Taxi Market by Propulsion Type
Electric
Parallel Hybrid
Turboshaft
Turboelectric
Global Air Taxi Market by Operation
Autonomous
Piloted
Company Profiles
Airbus SE
Airspace Experience Technologies, Inc.
The Boeing Co.
Bell Textron, Inc.
EHang Intelligent Technology Co. Ltd.
FACC AG
Fly Aeolus
Embraer SA
Honeywell International, Inc.
Hoversurf
Kitty Hawk Corp.
Neva Aerospace, Ltd.
Nurol Aviation Inc.
Lockheed Martin Corp.
Lilium GmbH
Skyway Air Taxi, LLC
Uber Technologies, Inc.
Volocopter GmbH
Global Air Taxi Market– Segmentation by Region
North America
• United States
• Canada
Europe
• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe
Asia-Pacific
• China
• Japan
• India
• Rest of Asia-Pacific
Rest of the World
• Middle East & Africa
• Latin America
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